In a striking move, President Donald Trump has once again thrown a wrench into Apple’s carefully orchestrated supply chain by threatening hefty tariffs on iPhones produced outside the United States. His recent proclamation on social media sent shockwaves through the financial markets, causing Apple’s stock to drop by approximately 3% in premarket trading. Trump’s demand
Enterprise
In an exhilarating movement towards securing its place as a global hub for digital finance, Hong Kong recently passed a pivotal stablecoin bill, marking a significant step in the evolution of cryptocurrency regulation. This legislation aims to integrate stablecoins—digital currencies whose value remains anchored to real-world assets—into the city’s burgeoning cryptocurrency framework. Unlike their more
In recent developments, the Department of Justice (DOJ) has exposed a brazen crime ring with ties to Armenian organized crime, which orchestrated the theft of over $83 million worth of cargo from Amazon. This situation highlights the vulnerabilities inherent in modern supply chains, particularly within the e-commerce giant’s operations. The alleged criminals seized upon Amazon’s
In a significant move that could reshape urban mobility, Elon Musk, the CEO of Tesla, has announced the upcoming launch of robotaxi services in Austin, Texas, by the end of June. This bold initiative comes on the heels of Musk’s long-held promise to deliver vehicles capable of operating without human intervention—an ambition that he claims
Apple’s ongoing tussle with Epic Games over the popular game Fortnite reflects a deeper conflict over the control and revenue processes of app marketplaces. The recent order from U.S. District Judge Yvonne Gonzalez Rogers highlights a crucial juncture in this saga — Apple must either resolve the conflicts over Fortnite’s return to the iOS App
As the countdown begins to a much-anticipated dinner hosted by President Donald Trump for the largest holders of the $TRUMP cryptocurrency, the event unveils a fascinating intersection of politics and digital finance. Scheduled for May 22 at Trump’s golf club in Virginia, the dinner is set to welcome the top 220 holders of this meme-inspired
In a bold move that has raised eyebrows across the corporate governance landscape, Tesla, under the leadership of Elon Musk, has revised its bylaws to impose a 3% ownership threshold for shareholders wishing to sue the company for alleged fiduciary breaches. This change, purportedly effective from May 15, is seen as a strategic maneuver to
Mike Novogratz’s journey to take Galaxy Digital public symbolizes the tumultuous terrain of the cryptocurrency industry, a realm rife with regulatory hurdles and financial backdrops that often feel unfriendly to innovation. Spending an impressive $25 million over nearly four years to navigate the complex U.S. public listing process, Novogratz expressed deep frustrations rooted in the
Cybersecurity remains a pressing concern for businesses worldwide, and recent announcements in the sector signal a shift towards concentration and specialization among major players. One of the most significant revelations comes from Proofpoint, a cybersecurity firm based in Sunnyvale, California. On Thursday, the company disclosed its intention to acquire Hornetsecurity, a German competitor, for an
In a striking demonstration of market resilience and investor optimism, eToro, the Israel-based brokerage platform, made an impressive entrance on Nasdaq, raising nearly $310 million in its much-anticipated initial public offering (IPO). The stock opened at an eye-catching $69.69, representing a significant 34% leap from its offering price of $52, and consequently catapulted the company’s