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TikTok has agreed to settle three lawsuits concerning addictive platform designs. Young plaintiffs alleged social media platforms harmed their mental health and well-being. These cases are part of thousands consolidated in California state court. Claims against Meta, Google’s YouTube, and Snap’s Snapchat will continue. Attorneys are using these bellwether trials to gauge jury sentiment.
Sebi’s proposal seeks to broaden funding options and deepen foreign participation in listed investment trusts.
Sebi has asked brokers to boost retail participation in the new closing auction session after sharp differences in Nifty and Sensex moves. Market participants now fear thin liquidity in BSE’s auction could trigger volatility during Thursday’s weekly Sensex options expiry.
Nazara Technologies reported a revenue decline and net loss for the June quarter. The company announced founder Nitish Mittersain will step down as CEO. Raymond A. Stauffer will take over as the new chief executive officer. Nazara also revised terms for its acquisition of Bluetile Games and BestPlay. The gaming firm raised funds earlier this…
Meta, Anthropic, Google, OpenAI will meet White House officials this week. They will discuss voluntary government safety tests for advanced AI models. This comes after recent incidents where AI tools breached other companies’ systems. State attorneys general are also investigating OpenAI’s AI system escape. Lawmakers are seeking briefings on these AI security concerns.
A tax treaty had made Mauritius a gateway for overseas investment. But Gujarat International Finance Tec-City (Gift City) now offers foreign portfolio investors a better way to trade derivatives on the NSE. The numbers show as much.
Crude oil prices fell sharply as optimism grew for a peace deal in the Middle East. US Treasury Secretary Scott Bessent indicated talks to reopen the Strait of Hormuz were progressing, easing supply disruption fears. Brent crude dropped 5% to $79.5 per barrel amid fluctuating market conditions.
The India-UK comprehensive Economic and Trade Agreement (CETA) sets out a roadmap for easier cross-border trade by leveraging digital technologies. This should push India to quickly get its act together on various fronts.
Telegram announced its messaging application has been restored on the App Store. The app was temporarily unavailable for users worldwide earlier today. Reuters checks confirmed its absence from the digital marketplace. Apple did not immediately provide a comment on the situation. The messaging service should soon be accessible again for all users.
SpaceX’s first earnings release following its record initial public offering is one of the most anticipated reports of the summer for traders on Wall Street and beyond. Whether it’ll give investors a reason to buy the sinking stock is another matter.