Tuesday
“
It's not your job to fix the internet
”
#TheVergecast
#USA
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Tags
#Finance
#
LeonieBrinkema
The remedies trial in the
DOJ
's case against
Google
's ad tech business concluded with arguments before Judge
Leonie Brinkema
in the Eastern District of Virginia's "
Rocket Docket
."
DOJ
seeks divestiture of
Google
's Ad...
1h
#
NothingOS40
Nothing has started rolling out its Android 16-powered update,
Nothing OS 4.0
, beginning with the Nothing Phone 3. This update features redesigned app transitions, a new "extra dark mode," enhanced
Glyph Interface
...
3h
#
Amazon
Amazon
has launched its Early Black Friday 2025 sale with discounts up to 60% on home items, electronics, and beauty products. Featured deals include the Keurig K-Express Coffee Maker at $59.99,
Dyson V8 Plus Vacuum
at...
3h
#
Bitcoin
Bitcoin
has experienced one of its sharpest declines in recent years, losing nearly $800 billion in value since its peak in October 2025. Experts attribute this drop to a mix of internal factors like leverage and forced...
4h
#
MinistryOfEnvironment
Italy will reopen applications for its electric car and commercial electric vehicle bonus program, offering vouchers between €9,000 and €11,000 for eligible purchases. The reopening includes recycled unused vouchers...
11h
#
JonArnell
Jon Arnell
, investment manager at
Von Euler & Partners
, emphasized the markets' preference for "cheap money" and noted ongoing debate about an AI bubble. The recent decline in
bitcoin
prices reflected a wider fall in...
12h
/3h
#
Ubisoft
Ubisoft
resumed trading on the
Paris stock market
after a suspension due to an accounting error affecting its leverage covenant ratio. The company announced a €1.16 billion investment from Tencent for a 25% stake in a...
12h
/7h
#
ReElementTechnologies
ReElement Technologies
, supported by the
Pentagon
and
Vulcan Elements
, has developed an innovative method to process rare earth elements and aims to become the largest domestic producer by 2026. The US government is...
13h
#
HideyoHanazumi
Hideyo Hanazumi
, Governor of Niigata Prefecture, confirmed support for a partial restart of the
Kashiwazaki-Kariwa
nuclear power plant, the world's largest, which aims to resume operations after the 2011 Fukushima...
14h
/12h
#
TheVergecast
“
AI agents are invading your PC
”
14h
#
BlackWeek
Black Week
in Sweden is expected to generate 10.2 billion SEK in consumer spending this year, increasing 0.5 billion SEK from last year. Consumer habits vary by age, with 60 percent of young adults planning to shop...
15h
/9h
#
Waveform
“
The
Steam
Machine Takes on PS5 and Xbox
”
15h
#
SamAltman
OpenAI
and
Foxconn
have formed a strategic partnership to co-design and manufacture
AI
data center equipment in the USA.
OpenAI
CEO
Sam Altman
highlighted the importance of building
AI
core technologies in the US to...
16h
#
ArtificialIntelligence
Asian and European stock markets experienced significant declines amid concerns of an AI stock bubble and economic uncertainties. South Korea's
KOSPI
dropped 3.8% with notable losses in
Samsung Electronics
and
SK Hynix
...
17h
/2h
#
RichardDickson
Apparel retailer Gap Inc. reported stronger-than-expected third-quarter results driven by the viral success of its "
Better in Denim
" campaign featuring the girl group
Katseye
dancing to Kelis's early-2000s song...
19h
/15h
#
ItalianParliament
The
Italian Parliament
is debating key amendments to the
2026 budget law
focusing on social welfare, pensions, police benefits, and taxation.
Brothers of Italy
(
FdI
) proposed a "Young People’s Pension Fund" within
INPS
,...
22h
/13h
#
GeorgiGanev
Georgi Ganev
is stepping down as CEO of
Kinnevik
after eight years leading the firm.
Cristina Stenbeck
returned as chairman of the board about six months ago, coinciding with several board changes including new...
26h
/15h
#
VladimirPutin
The USA has implemented sanctions targeting Russia's two largest oil companies,
Rosneft
and
Lukoil
, to reduce Russia's oil revenue by 20% to 30%. India and China, which import most of Russia’s maritime oil exports, have...
26h
/10h
#
DonaldTrump
The USA Mint officially ceased producing the one-cent coin, or penny, after 232 years as part of a phase-out effort directed by
Donald Trump
. The
Treasury
cited the production cost exceeding three cents per coin and the...
27h
#
TeodoroLadrónRoda
A commercial court in Madrid ordered Meta to pay over 542 million euros to 87 Spanish media outlets for unfair competition and
GDPR
violations. Judge
Teodoro Ladrón Roda
ruled that Meta unlawfully processed user data...
30h
/10h
#
DavidZaslav
Warner Bros. Discovery
(WBD) is at the center of a high-stakes acquisition auction involving
Paramount
,
Comcast
, and
Netflix
.
David Zaslav
and the board rejected
Paramount
's $23.50 per share bid as insufficient while...
30h
/4h
#
Walmart
Walmart
is experiencing a significant increase in sales across the USA, driven by strategic investments in lowering prices, raising wages, renovating stores, and improving its logistics network. This growth is fueled by...
30h
/29h
#
SebastianDullien
Germany's automotive sector is experiencing significant job losses, with employment dropping 6.3% to about 721,400 by the end of the third quarter. Economist
Sebastian Dullien
highlighted that while the overall decline...
31h
/5h
#
DanSchulman
Verizon
has announced the largest layoff in its history, cutting approximately 13,000 jobs, about 13% of its total workforce, under new CEO
Dan Schulman
. This restructuring involves converting 179 company-owned stores...
33h
#
MikeDoustdar
Novo Nordisk
drove Denmark's GDP growth in Q3 with a 2.3% quarterly increase mainly due to strong pharmaceutical exports. The company's reduced US drug prices followed a deal with the
Trump administration
, while its...
34h
#
Alphabet
Concerns over AI (AI) capital expenditure are rising within the US tech sector as companies like Meta,
Alphabet
,
Oracle
,
Amazon
, and
Microsoft
increase borrowing to fund expansive AI infrastructure. Investor enthusiasm...
35h
/7h
#
JDVance
Vice President
JD Vance
acknowledged public skepticism about the Trump administration's economic record during a
Breitbart News
event in Washington DC, urging Americans to be patient as he predicted an impending...
36h
/23h
#
DonaldTrump
Donald Trump
openly criticized
Federal Reserve
Chairman
Jerome Powell
during the U.S.-Saudi Arabia Investment Forum for damaging the housing market and delaying interest rate adjustments. Trump expressed his desire to...
46h
/29h
#
JeromePowell
The US Labor Department released a delayed September jobs report showing employers added 119,000 jobs, the best gain since April 2025, but unemployment rose to 4.4%. Major firms like
Verizon
, GM,
Amazon
, and
Microsoft
...
Thu
/5h
#
DonaldTrump
Donald Trump
has proposed distributing $2,000 tariff rebate checks to American households starting in 2026 as a "dividend of at least $2000 a person" funded by revenues from broad import tariffs. He claims tariff...
Wed
/31h
#
MarvinEllison
Lowe's
reported a year-over-year sales increase for the quarter but slightly lowered its full-year profit outlook due to economic challenges. CEO
Marvin Ellison
highlighted shifts in consumer behavior toward smaller...
Wed
#
MichaelFiddelke
Target
has partnered with
OpenAI
to allow customers to shop through
ChatGPT
, aiming to attract inflation-weary consumers amid a sales decline. New CEO
Michael Fiddelke
plans urgent changes including a $1 billion...
Wed
#
Nvidia
Nvidia
reported exceptional fiscal 2026 third-quarter results with earnings per share reaching $1.30, up 67% year-over-year, driven by strong demand for AI products like
Blackwell
superchips and cloud GPUs. The company...
Wed
/2h
#
VincentKarremans
The Dutch government reversed its earlier decision to nationalize
Nexperia
, a semiconductor manufacturer owned by the Chinese company
Wingtech
, after constructive talks with Chinese authorities. Dutch Trade Minister...
Wed
/3h
#
JeromePowell
Federal Reserve
Chairman
Jerome Powell
indicated that a December rate cut is not guaranteed due to inflation remaining above the 2% target and a fragile labor market. Market expectations for a December rate cut have...
Wed
/3h
#
Amazon
Amazon
's Black Friday Week deals have started, offering significant discounts on a wide range of products, including many deals under $50. Featured items include the
Apple AirTag
for $18,
Amazon Fire TV Stick HD
for...
Tue
/39h
#
IsabelleTomatis
Isabelle Tomatis
, Vice President of Global Marketing at Sony Interactive Entertainment, announced significant Black Friday savings on
PS5
consoles, accessories, and games starting November 21.
PlayStation
offers include...
Tue
/16h
#
TomLee
Bitcoin
has fallen below $90,000, marking nearly a 30% drop from its October peak of over $126,000. This decline is part of a wider cryptocurrency market downturn, with total market capitalization shrinking by nearly $1...
Tue
/18h
#
Storytel
Storytel
's shares fell sharply after
Spotify
announced its launch of audiobooks in the Swedish market.
Spotify
plans to offer 300,000 titles to Premium subscribers with 12 hours of audiobook listening per month and...
Tue
/Wed
#
ClasOhlson
Clas Ohlson
announced the acquisition of a majority stake in the e-retailers
Phonelife
and
Reservdelaronline
, bringing
Teknikmagasinet
into its group. The deal includes acquiring 70% of the shares initially with an...
Tue
#
GustafSalford
The Stockholm stock market experienced significant declines with the
OMXS30
index falling by 2.3 percent, continuing a four-day losing streak.
Klarna
's shares dropped nearly 9 percent after revealing financial details,...
Tue
#
TheVergecast
“
It's not your job to fix the internet
”
Tue
#
AidData
AidData
reported that China shifted its overseas lending focus over the last two decades, channeling about $200 billion to the USA and around $161 billion to EU economies. Loans mainly supported acquisitions in...
Tue
#
JohanSigvardsson
Johan Sigvardsson
, an energy market analyst at
Bixia
, explained that mild and windy weather this winter will support stable electricity supply in southern Sweden.
Svenska kraftnät
confirmed it will meet growing...
Tue
/Wed
#
Istat
Italy's consumer prices rose by 2.1% in October, with essential goods driving the increase. Despite a decrease in inflation to 1.2%, families continue to face significant financial pressure, particularly for food and...
Tue
#
RobertKaffl
Ford
partners with
Amazon
to sell certified pre-owned vehicles on
Amazon
's auto platform, starting in Los Angeles, Seattle, and Dallas. Customers can browse dealer inventory, secure financing, and complete paperwork...
Mon
#
GiorgiaMeloni
The EU announced that Italy's economic growth is stalled at 0.4%, with the deficit projected to reach 3%.
Giorgia Meloni
's government sees employment growth slowing, with unemployment predicted to slightly drop from...
Mon
/Tue
#
DonaldTrump
Donald Trump
announced rollback of tariffs on beef, coffee, and tropical fruits to reduce grocery prices despite rising food costs. The
Department of Agriculture
reported a 40% increase in turkey prices and a 15% rise...
Mon
/Wed
#
SatsukiKatayama
Japan's economy contracted by 0.4% in the last quarter, marking its first decline in six quarters. Finance Minister
Satsuki Katayama
expressed concern over the depreciation of the yen, which recently broke through the...
Mon
/Tue
#
AdolfoUrso
The 2025 consumer appliance bonus program launched providing up to 30% off energy-efficient appliances. Approximately 550,000 requests exceeded the €48.1 million vouchers funded by Minister
Adolfo Urso
. Households can...
Mon
/Wed
#
DarioAmodei
Dario Amodei
forecasted that
AI
could displace up to 50% of entry-level office jobs in the next five years, raising unemployment concerns.
Microsoft
and
Nvidia
announced a $15 billion investment in
Anthropic
, bringing...
Sun
/Wed
#
JensenHuang
Nvidia
will release its Q3 financial report after the
NYSE
closes, amid intense interest in
AI
. CEO
Jensen Huang
has secured about $500 billion in chip orders for 2025 and 2026, fueling nearly 600% revenue growth over...
Sun
/Wed
#
TheVergecast
“
Version History LimeWire
”
Sun
#
LandoSileoni
Italians are increasingly becoming 'Bot people,' with a report indicating a rise in loans to families and businesses.
Lando Sileoni
attributed this surge to high yields and targeted issuances like the
BTP
as families...
Sun
#
MegaMillions
A
Mega Millions
player in Georgia won a $980 million jackpot by matching six numbers and the Mega Ball. This win represents the eighth-largest jackpot in
Mega Millions
history and follows previous jackpot victories...
15 Nov
/Sun
#
YuzhongXian
China's economic slowdown worsened in October due to weak consumer demand and a deepening property downturn. Fixed-asset investment contracted 1.7% in the first ten months of the year, marking the first contraction...
14 Nov
/Sun
#
KuoZhang
Alibaba
's cross-border e-commerce unit introduced a new
AI
subscription service aimed at increasing revenue.
Kuo Zhang
announced plans to collaborate with
JPMorgan
for tokenized payments in cross-border transactions,...
14 Nov
/Sun
#
DonaldTrump
Donald Trump
proposed 50-year mortgages to help first-time home buyers afford payments by extending loan terms. Industry experts and
Congressional Republicans
doubt the idea given the rise in total interest costs and...
14 Nov
/Mon
#
TheVergecast
“
Valve
made Microsoft's dream console
”
14 Nov
/Sun
#
Waveform
“
This Could Be the Best Smartphone
”
14 Nov
/Sun
#
FlavioCattaneo
Enel
's international operations significantly boosted growth results for the first nine months of this year, with strong performance in Spain and Colombia. CEO
Flavio Cattaneo
announced that results were approved by the...
14 Nov
/Sun
#
MichaelBurry
Michael Burry
, the American investor known for his role in 'The Big Short' during the 2008 financial crisis, has exited his hedge fund,
Scion Asset Management
, as filings with the
SEC
show. Burry, 54, announced on
X
...
13 Nov
/Sun
#
JoeLewis
Joe Lewis
received a presidential pardon from
Donald Trump
for insider trading offenses he pleaded guilty to earlier this year. The pardon was granted to facilitate Lewis' medical treatment and family visits, following...
13 Nov
/Sun
#
IRS
The
IRS
announced significant updates to tax rules for the 2026 tax year, allowing individuals to save more money tax-free in retirement accounts. Contributions to traditional and Roth IRAs will increase to $7,500,...
13 Nov
/Sun
#
DaveDavis
Spirit Airlines
filed for Chapter 11 bankruptcy protection for the second time this year. The budget airline reported $8 billion in debt against $8.56 billion in assets and announced a 25% cut in flight capacity for...
13 Nov
/Sun
#
Alphabet
The European Commission is investigating
Alphabet
for potential violations of the
Digital Markets Act
. The inquiry focuses on
Google
's alleged downgrading of media publishers' content in search results and concerns...
13 Nov
/Sun
#
LizMcKeown
The U.K. economy reported minimal growth of 0.1% in the third quarter, below economists' expectations of 0.2%.
Liz McKeown
, director of Economic Statistics at the
ONS
, noted disappointing performances in services and...
13 Nov
/Sun
#
GermanFederalCourt
The
German Federal Court
has rejected the claims of
Wirecard
shareholders for payouts from the insolvency estate, affecting around 50,000 shareholders, including
Union Investment
. This ruling overturns a previous...
13 Nov
/Sun
#
ThomasCoesfeld
Bertelsmann
is preparing for a generational change as
Thomas Coesfeld
has been appointed by the supervisory board to replace
Thomas Rabe
as CEO, effective 2027.
Clément Schwebig
will take over Coesfeld’s position...
13 Nov
/Sun
#
KimKardashian
Kim Kardashian
's
Skims
brand raised $225 million in new funding led by
Goldman Sachs
Alternatives, increasing its valuation to $5 billion. This funding, one of the largest for a US consumer brand this year, comes as...
13 Nov
/Sun
#
PeterJackson
Peter Jackson
announced the launch of the
FanDuel
Predicts mobile app in December, allowing residents in states where sports betting is illegal to wager on various event outcomes. This platform, regulated by the...
13 Nov
/Sun
#
Stoxx600
European stock markets are experiencing significant fluctuations this week. The DAX index rose by 1.2% to 24,380 points, surpassing the 24,000 mark and nearing its previous record high of 24,771 points. However,...
13 Nov
/Sun
#
DonaldTrump
The US Mint in Philadelphia struck its last circulating penny, concluding over 232 years of production.
Donald Trump
stated that the decision was due to rising production costs and emphasized the wastefulness of...
12 Nov
/Sun