A key feature of TikTok’s new app TikTok Lite may be suspended in the European Union on Wednesday if the company does not provide a satisfactory response to regulators’ concerns about its impact on users’ mental health, the European Commission said on Monday.
Traders who bet against the “Magnificent 7” group of big U.S. tech stocks booked their biggest-ever weekly profit of more than $10 billion last week, with the biggest gains coming from their short position in shares of Nvidia and Tesla, Ortex data showed.
Data-management software firm Informatica is not currently engaged in any discussions to be acquired, the company said on Monday, after media reports of takeover interest from Salesforce .
A military court in Moscow on Monday sentenced Meta Platforms spokesperson Andy Stone to six years in prison for “publicly defending terrorism”, a verdict handed down in absentia, RIA news agency reported.
ASML , the largest supplier of equipment to computer chip makers, is considering a major expansion in the Dutch city of Eindhoven, an important step toward resolving doubts about where it will grow its operations in the future.
Profit growth momentum of the so-called Big Six technology stocks could “collapse” over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies.
Broadcom’s critics on Monday rejected the U.S. chipmaker’s changes to its cloud licensing practices, saying they do not address their complaints about alleged price hikes, unfair software licensing terms and tying products together.
Hedge fund Mountaineer Partners is urging discrete electronic components maker Vishay Intertechnology to buy back $600 million worth of stock this year, citing the company’s “irrationally low valuation,” according to a letter reviewed by Reuters.
France tested Artificial Intelligence-driven video surveillance technology that will be deployed during the Olympic Games at a Depeche Mode concert this week, calling the exercise a success.
Britain said on Monday it would proscribe the Terrorgram collective, an extreme right-wing online network, as a terrorist organisation, meaning it would become a criminal offense in the country to belong to or promote the group.
