Telegram founder and CEO Pavel DurovManuel Blondeau – Corbis | Corbis News | Getty ImagesThe chief executive officer of Telegram, Pavel Durov, was arrested at an airport on Saturday night outside Paris and placed in custody for alleged offenses related to the messaging app.The 39-year-old Russian-born billionaire was reportedly accused of failing to mitigate the misuse of his social media and messaging platform for criminal activities.The Paris Public Prosecutor’s Office issued an arrest warrant for Durov in connection to an investigation opened on July 8 into organized crime, drug trafficking, fraud, and the distribution of pornographic images of minors on…
Author: usaeverydaylife
Botswana’s President Mokgweetsi Masisi holds a large diamond discovered in Botswana at his office in Gaborone on August 22, 2024.Monirul Bhuiyan | Afp | Getty ImagesOne of the largest diamonds ever to be excavated was found in Botswana at a mine owned by Canadian firm Lucara Diamond.The 2,492-carat diamond is the world’s second-largest discovery and comes more than a century after a 3,106-carat gem was found in South Africa in 1905. That stone, known as the Cullinan Diamond, was cut into nine large pieces, many of which were incorporated into the British Crown Jewels.Lucara said on Wednesday that the gem…
United Airlines CEO Scott Kirby celebrates the opening of a new addition to its Flight Training Center in Denver, Colorado, on Feb. 22, 2024.Hyoung Chang | Denver Post | Getty ImagesUnited Airlines CEO Scott Kirby says he is optimistic about Boeing’s recovery after meeting with the manufacturer’s new chief executive.It’s an upbeat change of tune from the head of United, a top Boeing customer that has been among the most publicly frustrated about the plane maker’s problems, which have led to delayed deliveries of dozens of aircraft.Kirby and Boeing’s new CEO, Robert “Kelly” Ortberg, had lunch earlier this week in…
In this photo illustration an OpenSea logo is displayed on a smartphone with stock market percentages in the background.Omar Marques | Lightrocket | Getty ImagesCrypto marketplace OpenSea has been added to the SEC’s list of targets, as the regulator extends its crackdown on the sector.The company’s CEO said in a post on X on Wednesday that the U.S. Securities and Exchange Commission issued a Wells notice against OpenSea.A Wells notice is typically one of the final steps before the SEC issues formal charges. It generally lays out the framework of the regulatory argument and offers the potentially accused an opportunity to…
A shopkeeper arranges lanterns kept for sale ahead of the Diwali festival, the Hindu festival of lights in Mumbai on Nov. 8, 2023.Ashish Vaishnav | SOPA Images | LightRocket | Getty ImagesIndia’s economic growth slowed to 6.7% year-on-year in the April-June quarter as a decline in government spending during national elections weighed, data showed on Friday, but it remained the world’s fastest-growing major economy.The rise in gross domestic product was less than a 6.9% expansion forecast by a Reuters poll, and compared to 7.8% growth in the previous quarter.Still, it was faster than 4.7% growth in China, Asia’s biggest economy,…
JD.com set up an Innovative Retail division that houses its grocery business 7Fresh.Bloomberg | Bloomberg | Getty ImagesHong Kong-listed shares of Chinese online retailer JD.com climbed 1.2% on Wednesday, outperforming the decline on the Hang Seng index after the firm announced a $5 billion buyback late Tuesday.U.S. listed shares of the firm rose 2.24% on Tuesday after the announcement. Both JD.com’s Hong Kong and U.S. shares have dropped about 20% year to date.In comparison, Hong Kong’s benchmark Hang Seng index was down about 0.82% Wednesday, but is up about 4% for the year so far.Stock Chart IconStock chart iconThe announcement…
Nvidia CEO Jensen Huang makes a speech at an event at the COMPUTEX forum in Taipei, Taiwan, on June 4, 2024.Ann Wang | ReutersFor Nvidia investors, the past two years have been a joyride. But recently they’ve been on more of a roller coaster.As the primary beneficiary of the artificial intelligence boom, Nvidia has seen its market cap expand by about ninefold since the end of 2022. But after reaching a record in June and briefly becoming the world’s most valuable public company, Nvidia proceeded to lose almost 30% of its value over the next seven weeks, shedding roughly $800…
Investors may want to consider using the post-earnings weakness in Nvidia to scoop up shares, according to some Wall Street analysts. Shares of Nvidia slumped about 3% in the premarket — after falling by more than 8% at one point in after-hours trading — even after the chipmaker topped Wall Street’s quarterly estimates . Nvidia also said it plans to ship “several billion dollars” worth of Blackwell revenue in the fourth quarter, alleviating some recent concerns of production delays. The company, however, said gross margins declined from the previous quarter. Nvidia also issued a stronger-than-expected forecast, but it was below…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAndrew Graham, Jackson Square Capital founder and managing partner, joins ‘Fast Money’ to talk signs of economic slowing, what to expect from the FOMC moving forward, and more.06:03Wed, Aug 21 20246:27 PM EDT Source link
U.S. President Joe Biden speaks during a Rose Garden event at the White House to mark National Small Business Week on May 1, 2023 in Washington, DC.Alex Wong | Getty ImagesSmall business owners are more optimistic to start the year, even as they face persistent inflation and lending concerns, a new poll released Thursday found.Seventy-five percent of small business owners are optimistic about their financial trajectory in 2024, up from 68% a year earlier, according to a survey by Goldman Sachs 10,000 Small Business Voices, a policy advocate for small business owners.Meanwhile, 28% of respondents rated the economy as good…
