1 دن پہلے
Meta’s dual-class structure gives Zuckerberg 10 votes per share and concentrates 61% of voting power with 13% ownership
Meta’s dual-class share structure has repeatedly blocked resolutions backed by independent shareholders, as gaps in content governance fuel large-scale child-safety lawsuits. Plaintiffs’ models estimate potential damages in the trillions of dollars, and the settlement would cover only a small fraction. If other platforms do not join, Meta’s obligation would drop to about $12 billion and teen safeguards would not take effect.
1 دن پہلے
1 دن پہلے
Gold posts nearly 2% weekly drop as oil surge and sticky U.S. inflation lift rate-hike bets
Gold prices fell nearly 2% this week as a jump in crude oil and stubborn U.S. inflation strengthened expectations of further Federal Reserve rate hikes, weighing on demand for precious metals. WTI crude rose above $104 a barrel and is up nearly 16% over the past month. U.S. August CPI rose 3.4% year on year and PPI increased 5.4% annually, both slightly above expectations, pushing Treasury yields higher and pressuring gold.
1 دن پہلے
1 دن پہلے
Gold logs nearly 2% weekly drop as Fed hike expectations build
Gold prices fell nearly 2% over the week as stronger-than-expected US inflation data and rising expectations of a Federal Reserve rate hike damped demand. Over the same period, WTI crude climbed above $104 a barrel amid geopolitical tensions, rising 9.6% on the week and adding to inflation pressure. The US August CPI rose 3.4% year on year, while higher energy costs further reduced gold’s appeal.
1 دن پہلے
1 دن پہلے
Robinhood CEO says issuers can’t block third-party stock tokens that preserve shareholder rights
Robinhood cofounder and CEO Vlad Tenev argues that a listed company cannot prevent a third party from issuing a token linked to its publicly traded shares, provided the token does not change shareholder rights or create new obligations for the issuer. Market data he highlighted show tokenized-stock DEX volume reached $4.3 billion last week, with Robinhood holding a 66.3% share. Analysts tracking a $165 HOOD price target cite the Stock Token catalog as the key growth driver. Robinhood chief legal officer Dan Gallagher said the firm will take its dispute involving AMC to the SEC for a decision, while transfer agent groups have asked the regulator to limit any relief to issuer-sponsored tokens.
1 دن پہلے
1 دن پہلے
Metal prices strengthen in August as rising input costs emerge as key hurdle, report says
Metal prices broadly strengthened in August, with India rebar up nearly 10% month on month and 12% year on year, while hot-rolled coil prices in the U.S. and Europe rose about 3%. Aluminium increased to $3,251 per tonne. Global crude steel output fell around 4% month on month to 149.2 million tonnes in July, with China down about 4% year on year and production outside China up 3%. Australian iron ore prices declined about 2% month on month and 3% year on year, according to a Centrum report.
1 دن پہلے
1 دن پہلے
U.S. inflation picks up in August as core CPI posts biggest gain in four months, lifting rate-hike odds
U.S. consumer prices rose faster in August, with core inflation recording its largest increase in four months as higher energy costs added to price pressures. Rate-hike expectations strengthened, with FedWatch showing the probability rising to 87%. Oil climbed back above $100 a barrel and motor fuels including diesel jumped 9.6% over the week, pushing up inflation expectations. The Federal Reserve faces a more urgent policy trade-off between restoring price stability and supporting economic growth.
1 دن پہلے
1 دن پہلے
Anthropic holds talks to bring Nvidia in as anchor investor for potential $100 billion IPO
AI startup Anthropic is in talks with Nvidia about bringing the chipmaker in as an anchor investor for a potential initial public offering that could raise as much as $100 billion and value the company at around $2 trillion. Nvidia is considering investing up to $10 billion in the offering, Reuters reported, citing two people familiar with the matter. The discussions are ongoing and the plans could change.
1 دن پہلے