In a significant enforcement victory, the Federal Trade Commission secured a $2.5 billion agreement with Amazon to resolve claims that the company used deceptive enrollment designs to push users into Prime and made it hard to cancel. The settlement divides into $1 billion in penalties and $1.5 billion in consumer restitution. Approximately 35 million Prime […]
President Trump escalated his “America First” trade agenda by announcing that a 100% tariff will be enforced on all imports of branded or patented pharmaceuticals unless the company has initiated construction of a U.S.-based manufacturing facility by October 1. He clarified that only companies with “construction started” in the U.S. would be exempt from the […]
H&M, one of the world’s leading fashion retailers, posted a third-quarter earnings beat, yet tempered optimism with a warning about rising U.S. import tariffs. Operating profit reached 4.91 billion Swedish crowns, significantly ahead of consensus estimates (~3.68 billion crowns). The company cited a 2% rise in local-currency sales, tighter cost control, and stronger full-price sales […]
As ChatGPT nears its third year in the wild, the AI tool is increasingly being used by everyday investors to answer one of the oldest questions in finance: “Which stocks should I buy?” This phenomenon is helping to turbocharge the growth of the global robo-advisory industry. The robo-advisor market is forecast to surge from $61.75B […]
In a bold pivot of trade strategy, the U.S. government has initiated a Section 232 investigation into robotics and medical device imports—a move that could unleash steep tariffs on critical health and industrial products. The Department of Commerce has called on industry players to provide detailed data on imports, domestic capability, foreign subsidies, and supply […]
Chinese automaker Chery Automobile Co., a major vehicle exporter, saw its shares rise 11.2% on the first day of trading in Hong Kong following its $1.2 billion IPO. The IPO was priced at the top of the range at HK$30.75 a share. On debut, Chery’s stock opened at HK$34.20. Investor appetite was strong: the institutional […]
In a landmark regulatory shift, the U.S. Securities and Exchange Commission has introduced new listing standards that dramatically simplify the approval process for cryptocurrency ETFs. This move is expected to ignite a wave of new ETF filings tied to a broader set of digital assets. Previously, each crypto ETF submission underwent individual SEC review, often […]
European stock markets declined on Wednesday, with the STOXX 600 index down around 0.5%, as investor focus shifted sharply toward defensive plays after U.S. President Donald Trump altered his rhetoric on Ukraine. Financial stocks led the downward pressure. Major banks across Germany, the U.K., and France—including Deutsche Bank, Barclays, and Société Générale—each lost more than […]
Alibaba’s transformation into an AI-led conglomerate accelerated this week, as the company launched its biggest model yet and escalated its spending roadmap. The market rewarded the move, with shares soaring more than 6%. At the heart of the announcement is Qwen3-Max, a next-generation AI model boasting over a trillion model parameters. The model emphasizes autonomous […]
Asian equity markets faced broad selling pressure Wednesday, snapping gains after a recent rally as global headwinds reemerged. Across major indices, including Nikkei 225, Kospi, and Nifty 50, sentiment turned cautious amid mounting macro risks. In Japan, the Nikkei 225 declined about 0.5%, dragged by weakness in industrial shares and export components. Korea’s Kospi dropped […]