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on x The company’s shares climbed 3.2 per cent to $135.18 on Tuesday, bringing its market capitalisation to $3.332tn and surpassing the two tech giants that have long jostled for pole position on US stock markets.
“Our investigation found reason to believe that TikTok is violating or about to violate the FTC Act and the Children’s Online Privacy Protection Act,” FTC chairadded that while it does not typically make public its decisions to refer complaints, it had determined that doing so was “in the public interest” in this case.Share $TikTok ‘law violations’ complaint referred to US justice department on X
Share $Italian luxury sports brand Golden Goose postpones plans for IPO on Facebook US stocks moved higher on Tuesday, closing at record highs for the second straight day as Nvidia finished the session as most valuable public company in the world. The biggest reason for the rise was legislation that provides $95bn to Ukraine, Israel and countries in the Indo-Pacific region. Over the next 10 years, the legislation was expected to add a total of $900bn to government spending.
“What I have heard in my own conversations with business contacts is that consumers are ‘trading down’ to lower cost products and that firms are responding with more discounting,” Kugler said at an event at the Peterson Institute think-tank in Washington on Tuesday. The region’s equity markets tumbled last week on concerns about the far right’s showing in upcoming French legislative elections, though many analysts have been quick to label the sell-off as overblown.
The latest offer of £11.40 comprises a final dividend of 30p for 2024 and an option for Hargreaves Lansdown shareholders to reinvest their stock in the private equity group’s unlisted vehicle.Share $Hargreaves Lansdown to recommend £5.4bn bid from CVC-led consortium on X Headline sales, which include spending on food and petrol, increased 0.1 per cent in May, the Census Bureau reported on Tuesday, missing economist expectations for a 0.3 per cent gain. April’s figure was revised lower to a 0.2 per cent decline from a previously flat reading.
Finma imposed a range of measures on HSBC’s subsidiary in a case that goes back more than two decades. Novonesis: shares in the Danish maker of industrial enzymes, microorganisms and biopharmaceutical ingredients, formerly known as Novozymes, rose 6.8 per cent after it raised its full-year guidance on expectations of growing demand.
The US start-up this year flagged doubts about its ability to remain in business and said in February it would cut its workforce by about 15 per cent as it struggled to sell its Ocean EVs. South Korea’s Kospi index added 0.8 per cent with memory chipmaker SK Hynix rising 4.7 per cent. Samsung Electronics, the largest constituent in the index, gained 2.2 per cent.
Based in Singapore, Pavilion’s global energy business includes LNG trading, shipping, natural gas supply and marketing in Asia and Europe. Shell, the world’s largest private LNG trader, says the relatively clean fuel will play a critical role in the global energy transition. The decision comes as Hong Kong looks to boost liquidity in its ailing stock market and will come into effect from September 23. It ends the existing practice of suspending trading when severe typhoons and rainstorms hit the city.
South Korea’s benchmark Kospi index rose 0.9 per cent, bringing gains for the year so far to 4.3 per cent. Kumho Engineering & Construction and Korea Petroleum led gains. About 150,000 patients, largely older adults, are admitted to hospital with pneumonia, resulting from pneumococcal disease, each year in the US.