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Hims & Hers donates million to Trump’s inauguration fund

Hims & Hers donates $1 million to Trump’s inauguration fund

Finance News

Hims & Hers Health has donated $1 million to President-elect Donald Trump’s inauguration fund, CNBC confirmed Tuesday. The company, which offers a range of direct-to-consumer treatments for conditions like weight loss, erectile dysfunction and hair loss, is the latest in a string of tech companies that have tried to curry favor with the incoming administration. […]

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Meta scraps fact checking program, is bringing back political content

Meta scraps fact checking program, is bringing back political content

Finance News

Meta on Tuesday announced it will eliminate its third-party fact checking program to “restore free expression” and move to a “Community Notes” model, similar to the system that exists on Elon Musk’s platform X. The company said Community Notes will be written and rated by contributing users to provide more context to posts across its

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dLocal, Latin America’s answer to Stripe, wins UK license in global expansion push

dLocal, Latin America’s answer to Stripe, wins UK license in global expansion push

Finance News

DLocal is one of Latin America’s most prominent payment players. It specializes in cross-border payments for emerging markets such as Brazil, Mexico, Colombia and its home country, Uruguay. Sopa Images | Lightrocket | Getty Images LONDON — Uruguayan payments firm dLocal has secured a U.K. payment institution license, adding to the company’s growing portfolio of

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Shares of Tencent fall over 5% in Hong Kong after U.S. designates it as a Chinese military company

Shares of Tencent fall over 5% in Hong Kong after U.S. designates it as a Chinese military company

Finance News

Jonathan Raa | Nurphoto | Getty Images Shares of Chinese tech heavyweight Tencent Holdings tumbled 5.4% in Hong Kong after the company was added to a list of “Chinese military companies” by the U.S. Department of Defense. The move follows a near 8% fall in Tencent’s U.S. depository receipts on Wall Street. Other Chinese companies

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UFC’s Dana White joins Meta’s board weeks before Trump takes office

UFC’s Dana White joins Meta’s board weeks before Trump takes office

Finance News

Mark Zuckerberg posing with UFC president Dana White during a UFC Fight Night event. Jeff Bottari | Ufc | Getty Images Dana White, CEO of the Ultimate Fighting Championship and a longtime friend of Donald Trump, is joining the board of Facebook parent Meta two weeks before the new administration begins. Meta CEO Mark Zuckerberg,

UFC’s Dana White joins Meta’s board weeks before Trump takes office Read More »

Amazon’s Ring announces smart smoke alarm as CES tech palooza kicks off

Amazon’s Ring announces smart smoke alarm as CES tech palooza kicks off

Finance News

Ring security cameras are displayed on a shelf at a Target store on June 01, 2023 in Novato, California.  Justin Sullivan | Getty Images Amazon‘s Ring is partnering with fire safety product maker Kidde to launch a connected smoke alarm, the company announced Monday at the Consumer Electronics Show in Las Vegas. The companies plan

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Global chip stocks climb as Foxconn’s bumper results show a continuation of the AI boom

Global chip stocks climb as Foxconn’s bumper results show a continuation of the AI boom

Finance News

Jakub Porzyck | Nurphoto | Getty Images Global semiconductor stocks climbed on Monday after contract electronics giant Foxconn announced record fourth-quarter revenues, suggesting the artificial intelligence boom has far more room to run. Hon Hai Precision Industry, which does business as Foxconn internationally, said in a Sunday statement that the company’s fourth-quarter revenue totaled 2.1

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Volkswagen and Xpeng to build super-fast charging network in China for EVs

Volkswagen and Xpeng to build super-fast charging network in China for EVs

Finance News

Top Volkswagen and Xpeng executives pose at the German automaker’s launch event in Beijing, China, on Aug. 24, 2024. Bloomberg | Bloomberg | Getty Images Shares of Volkswagen and Xpeng both rose on Monday after the two firms announced plans to expand their partnership in electric vehicle charging stations in China. The German automaker and

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Foreign phone sales plunge 47% in China spelling trouble for Apple

Foreign phone sales plunge 47% in China spelling trouble for Apple

Finance News

An Apple flagship store in Shanghai, China, October 15, 2024. Cfoto | Future Publishing | Getty Images Sales of foreign phone brands in China plunged in November, according to official data released Friday, underscoring further pressure on Apple, the biggest international handset vendor in the country. In November, foreign mobile phone shipments in China stood

Foreign phone sales plunge 47% in China spelling trouble for Apple Read More »

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