Walmart has agreed to pay $10 million to settle a Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions of dollars. The settlement was filed on Friday in Chicago federal…
Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how long it needed to integrate advanced artificial intelligence into its Siri voice assistant, hurting iPhone sales and its stock price. The complaint covers shareholders who suffered potentially hundreds of billions…
European stock markets began the trading week in negative territory on Monday, with major indices declining as the escalating conflict in the Middle East—and direct US involvement in it—remained the primary focus for global investors. The pan-European Stoxx 600 index was down, with nearly all sectors in the red, reflecting…
Tesla Inc. made a modest but pivotal move in its bid to dominate the autonomous vehicle industry by launching its robotaxi service in Austin, Texas on Sunday. The pilot program, involving up to 20 Tesla Model Y electric vehicles, marks the automaker’s first public deployment of its fully driverless ride-hailing…
The UK government has unveiled a sweeping new industrial strategy aimed at revitalising the British economy through targeted investment, innovation, and a more active role for the state in shaping long-term growth.Described as a “modern industrial strategy,” the plan sets out a 10-point “growth mission” centred on strengthening Britain’s global…
Shares of Compass Pathways Plc plunged as much as 37% during pre-market trading on Monday after the company’s experimental psilocybin treatment for a form of hard-to-treat depression produced results that, while technically successful, fell short of investor expectations.The late-stage trial tested a synthesized version of psilocybin—the psychoactive compound in magic…
Tesla Inc. made a modest but pivotal move in its bid to dominate the autonomous vehicle industry by launching its robotaxi service in Austin, Texas on Sunday. The pilot program, involving up to 20 Tesla Model Y electric vehicles, marks the automaker’s first public deployment of its fully driverless ride-hailing…
ARK Invest has offloaded another large batch of Circle shares following a sharp rally in the company’s stock price, bringing its total offloading from Circle to over $243 million in less than a week.According to portfolio disclosures dated 20 June, Cathie Wood’s investment firm sold 609,175 CRCL shares across three…
ZEEL share price captured the spotlight on Dalal Street on Monday even as the larger Indian stock market traded with caution a day after the US struck Iran.The stock of the entertainment firm rose 10% today, backed by strategic corporate actions, renewed promoter confidence, and a broader turnaround narrative that…
Spot Bitcoin ETFs attracted $1.02 billion in net inflows between June 16 and June 20, according to the latest market data. While still substantial, this marks a 29% decrease from the $1.39 billion recorded the previous week, suggesting a slowdown in institutional appetite for direct Bitcoin exposure. The decline comes…