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Elon Musk's X Fined By Australia's Regulator Over Child Abuse Content
Elon Musk's social media platform X, formerly known as Twitter, was fined A$610,500 or over $380,000 by Australia's eSafety commissioner for failing to adequately respond to key questions about how it is tackling child abuse content. Australia's independent regulator in its second report highlighted serious shortfalls in companies including Twitter, Google, TikTok, Twitch, and Discord.
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666 days ago
Euro Firms Against Majors
The euro climbed against its major counterparts in the European session on Monday, as investors awaited corporate earnings and economic data that could influence the Federal Reserve's monetary policy.
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666 days ago
Indie Semiconductor Sees Q3 Revenues Slightly Better Than Guidance
Autotech solutions innovator indie Semiconductor, Inc. (INDI) announced Monday that in connection with the Company's warrant exchange offer and consent solicitation, preliminary estimated revenue for the three months ended September 30, 2023 is expected to be above $60 million and slightly better than the Company's guidance and consensus estimates.
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666 days ago
New York Manufacturing Index Indicates Downturn In October
A report released by the Federal Reserve Bank of New York on Monday showed a downturn in regional manufacturing activity in the month of October. The New York Fed said its general business conditions index fell to a negative 4.6 in October from a positive 1.9 in September, with a negative reading indicating a contraction in activity.
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666 days ago
Bay Street Seen Opening On Mixed Note
Canadian shares are likely to open on a mixed note Monday morning, tracking global stocks and the commodities markets. Worries about escalating tensions in the Middle East may weigh on the market.
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666 days ago
Timken To Acquire Engineered Solutions Group For Undisclosed Terms
The Timken Co. (TKR) on Monday reached an agreement to acquire Engineered Solutions Group (a.k.a. Innovative Mechanical Solutions or iMECH), based in Houston, Texas. The terms of the deal were not disclosed.
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666 days ago
Sensex, Nifty End Slightly Lower Amid Middle East Conflict
Indian shares ended slightly lower on Monday as investors assessed the risk of any potential escalation of the conflict involving Iran ahead of an expected Israel ground offensive in Gaza against the terror attacks.
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666 days ago
more news
European Shares Subdued As Yields Jump On Inflation Concerns
European stocks were subdued on Monday as investors fretted about escalating tensions in the Middle East and rising Treasury yields.
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666 days ago
China Central Bank Raises Liquidity Support
The People's Bank of China on Monday ramped up its liquidity supply to the banking system via its medium-term lending facility and reverse repos in order to ease the stress in the market. The Chinese central bank added CNY 789 billion through one-year MLF. However, the rate on the MLF was kept unchanged at 2.5 percent.
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666 days ago
Asian Shares Decline On Concerns Over Middle East Tensions
Asian stocks fell in cautious trade on Monday amid fears that the Israel-Hamas war could spark a wider conflict in the oil-rich region.
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666 days ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Monday.
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666 days ago
European Shares Poised For Steady Open
European stocks are likely to open on a positive note Monday despite escalating Israel-Gaza tensions and reports suggesting that the U.S. is considering tightening curbs to restrict China's access to advanced semiconductors and chipmaking gear.
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666 days ago
Chinese Yuan Falls To Near 3-week Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Monday.
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666 days ago
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