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Business

“TikTok, ByteDance sue to block US law seeking sale or ban of app”

“TikTok and its Chinese parent company ByteDance sued in U.S. federal court on Tuesday seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or… Continue Reading…

Economy

“Here’s why you can’t access Pornhub in Texas anymore” [It’s Banned]

“Popular adult streaming site Pornhub is currently blocking users in Texas following a lawsuit from Texas Attorney General Ken Paxton over the site’s age-verification practices…” https://www.chron.com/culture/article/texas-adult-website-blocked-19018637.php This is stupid and internet ID will be used to track users. This will not “protect the… Continue Reading…

Stocks

“Block shares surge 16% after company announces surprise profit”

“Block stock closed up 16% Friday, a day after the payments company reported fourth-quarter earnings that beat analysts’ estimates on gross profit and showed strong growth in its Square and Cash App revenue. Here’s how the company did, compared to analysts’ consensus from… Continue Reading…

Business

“Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard”

“Britain’s top competition regulator on Wednesday moved to block Microsoft’s acquisition of video game publisher Activision Blizzard. The measure marks a major blow for the U.S. tech giant, as it seeks to convince authorities that the deal will benefit competition.… Continue Reading…

Economy

“Cathie Wood Has Bet Big On These 10 Stocks; Here’s How They’re Performing”

“Cathie Wood, CEO and founder of Ark Invest, says she invests on a five-year time horizon, betting big on speculative growth names such as Tesla (TSLA), Roku (ROKU), Zoom Video Communications (ZM) and Shopify (SHOP). But in 2022 at least, Ark’s 10 biggest holdings are down sharply. 0… Continue Reading…

Cryptocurrencies

“Crypto Lender BlockFi Suspends Withdrawals in FTX Contagion”

“The crisis sparked by the collapse of Sam Bankman-Fried’s FTX crypto empire ensnared BlockFi, a troubled digital-asset lender once worth $3 billion but which has now limited activity on its platform… The Jersey City, New Jersey-based company asked customers to… Continue Reading…

Banking, Economy

“With Payments Blocked, Russia Defaulted On External Sovereign Bonds”

“EDITOR’S NOTE: Russia may have defaulted on its sovereign bonds, but don’t take that as a sign of the efficacy of western sanctions. Russia defaulted because the sanctions forced the country into a situation of non-payment, not because it doesn’t have… Continue Reading…