Jerry Lin
The Latest
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Amazon's Ring and Alexa Face $30.8M Fine Over Privacy Breaches: FTC's Landmark Settlement
In a significant privacy settlement, Amazon.com has been penalized by the Federal Trade Commission (FTC) for alleged surveillance violations involving Ring, its doorbell camera subsidiary, and controversial data handling linked to its Alexa service. This landmark action was announced Wednesday in federal court filings, leading to penalties amounting to $30.8 million. In a significant privacy settlement, Amazon.com has been penalized by the Federal Trade Commission (FTC) for alleged surveillance violations involving Ring, its doorbell camera subsidiary, and controversial data handling linked to its Alexa service. This landmark action was announced Wednesday in federal court filings, leading to penalties amounting to $30.8 million. -
Elon Musk's China Visit: Admirers Applaud Tesla CEO Amid Anticipation of Strategic Encounters
Elon Musk, the magnate behind Tesla Inc, has been greeted with acclaim and high-level meetings during his trip to China, despite ongoing U.S.-China tensions. Chinese social media has been abuzz with commendations, referring to Musk as "a pioneer" and even "Brother Ma". Elon Musk, the magnate behind Tesla Inc, has been greeted with acclaim and high-level meetings during his trip to China, despite ongoing U.S.-China tensions. Chinese social media has been abuzz with commendations, referring to Musk as "a pioneer" and even "Brother Ma". -
Faraday Future Debuts Exclusive FF 91 2.0 at $309,000: A Glimpse into Future EV Luxury
On Tuesday, electric vehicle innovator Faraday Future Intelligent Electric (FFIE.O) unveiled its exclusive FF 91 2.0 Futurist Alliance vehicle, commanding a price tag of $309,000. On Tuesday, electric vehicle innovator Faraday Future Intelligent Electric (FFIE.O) unveiled its exclusive FF 91 2.0 Futurist Alliance vehicle, commanding a price tag of $309,000. -
Currency Fluctuations Shake Global Markets; Yen Strengthens After Policy Talks
Global currency markets were caught in the throes of volatility on Tuesday. The U.S. dollar reached a 10-week peak against its counterparts and a six-month high against the yen, before Japanese officials stepped in to stabilize their local currency amid investors' global policy apprehensions. Global currency markets were caught in the throes of volatility on Tuesday. The U.S. dollar reached a 10-week peak against its counterparts and a six-month high against the yen, before Japanese officials stepped in to stabilize their local currency amid investors' global policy apprehensions. -
Nvidia CEO Declares AI Revolution: 'Everyone Can Now Be a Programmer'
In a landmark declaration on Monday, Jensen Huang, CEO of Nvidia Corp (NVDA.O), stated that artificial intelligence (AI) has democratized programming, allowing everyone to become a computer programmer simply by conversing with the computer. This, he said, signals the conclusion of the "digital divide". In a landmark declaration on Monday, Jensen Huang, CEO of Nvidia Corp (NVDA.O), stated that artificial intelligence (AI) has democratized programming, allowing everyone to become a computer programmer simply by conversing with the computer. This, he said, signals the conclusion of the "digital divide". -
Elon Musk Heads to China Amid Stiff Competition, Expected to Meet Senior Officials
Tesla CEO Elon Musk is reportedly planning his first journey to China in three years, as per three insiders who wish to remain anonymous. During his anticipated visit, Musk is expected to engage with high-ranking Chinese officials and tour Tesla's Shanghai facility. Tesla CEO Elon Musk is reportedly planning his first journey to China in three years, as per three insiders who wish to remain anonymous. During his anticipated visit, Musk is expected to engage with high-ranking Chinese officials and tour Tesla's Shanghai facility. -
Going Against Saudi Arabia? Russian Deputy Prime Minister Foresees No Cuts in OPEC+ Production in June, U.S. Oil Drops 4.5% Mid-Session
Russian Deputy Prime Minister Novak stated on Thursday that it's unlikely that OPEC+ will take new measures at its first face-to-face meeting in six months on June 4, following a decision to cut production in April. This is due to some countries making voluntary cuts a month ago, in response to the slow pace of global economic recovery. Russian Deputy Prime Minister Novak stated on Thursday that it's unlikely that OPEC+ will take new measures at its first face-to-face meeting in six months on June 4, following a decision to cut production in April. This is due to some countries making voluntary cuts a month ago, in response to the slow pace of global economic recovery. -
Nvidia Soars 24%, Bolstering Nasdaq and S&P Rebound, Amid Overhanging Threat of Debt Default, Dow Slides for Fifth Consecutive Day
Nvidia soars by 24%, bolstering the rebound of Nasdaq and S&P 500 as the threat of debt default looms. The Dow Jones Index tumbles for the fifth consecutive day. Nvidia soars by 24%, bolstering the rebound of Nasdaq and S&P 500 as the threat of debt default looms. The Dow Jones Index tumbles for the fifth consecutive day. -
Emerging Gold Frontier: UAE Becomes Major Trade Hub for Russian Gold Amid Sanctions
Since Western sanctions imposed due to the Ukraine conflict disrupted Russia's conventional export routes, the United Arab Emirates (UAE) has emerged as a primary destination for Russian gold, according to Russian customs records. Since Western sanctions imposed due to the Ukraine conflict disrupted Russia's conventional export routes, the United Arab Emirates (UAE) has emerged as a primary destination for Russian gold, according to Russian customs records. -
Panic over Debt Negotiations Leads to Four-Day Consecutive Fall in Dow, European Luxury Stocks See Two-Day Decline, Yield on Ultra-Short-Term US Bonds Surpasses 7%
Panic over debt negotiations has led to a four-day slide in the Dow Jones Industrial Average and two consecutive drops in European luxury stocks. The yield on ultra-short U.S. bonds has risen above 7% due to fears that a debt ceiling agreement will not be reached in time. Panic over debt negotiations has led to a four-day slide in the Dow Jones Industrial Average and two consecutive drops in European luxury stocks. The yield on ultra-short U.S. bonds has risen above 7% due to fears that a debt ceiling agreement will not be reached in time.