TikTok Challenge Causes An Increase In Car Thefts Of Kia And Hyundai Vehicles

Car owners and police departments across the United States are on high alert after a dangerous challenge involving young teens to steal specific cars off the street using a USB cord began to circulate on TikTok and other social media platforms. Certain makes and models of Kia and Hyundai cars from 2010 to 2021 that use…

Netflix Is Threatened By Saudi Arabia And Its Neighbors In The Gulf Over Content Violating “Islamic Values”

According to Saudi media, Netflix was ordered to remove content that they claim “violates Islamic and societal values and principles” by Saudi Arabia and five other Gulf Arab nations. The statement claimed that the streaming behemoth’s content violated legal requirements, but it made no mention of which specific subjects or programs were in violation. But…

Chinese Firm Nio Claims US Limitations On Nvidia Chips Won’t Harm Them

Nio, a Chinese manufacturer of electric vehicles, joined other automakers in claiming that U.S. restrictions on Nvidia chip sales to China won’t have an impact on the automaker’s operations. In an effort to lower the possibility that these products would be used by the Chinese military, Nvidia revealed last week that the United States would…

Bitcoin Falls Below $1 Trillion Once More, Reaching Its Lowest Level Since June

Following a decline in stock markets around the world and the continued strength of the US dollar, Bitcoin traded below $19,000 on Wednesday morning, reaching its lowest level since June. Due to a sell-off in all digital coins, the market value for all cryptocurrencies also decreased below $1 trillion. According to Coin Metrics, Bitcoin was…

Current Tough Economic Conditions For Consumers Not Right Time For Apple’s New iPhones And Watches

The new lineup of iPhone 14 models and Apple Watches that Apple Inc. is expected to introduce on Wednesday will test how willing consumers are to upgrade technology in the face of inflation and economic doom. At an event dubbed “Far Out” at its Cupertino, California, headquarters, analysts anticipate Apple to reveal that the most…

Instagram Slapped Record Fine Of $400 Mln In Ireland Over Children’s Data

Following an investigation into the social network Instagram’s handling of children’s data, Ireland’s data privacy regulator has agreed to levy a record fine of 405 million euros ($402 million), according to a spokesperson for the watchdog. Instagram intends to appeal the fine, according to an emailed statement from parent company Meta Platforms Inc. The investigation,…

Bitcoin’s Current Low Volatility Could Be A Cause Of Concern For Some Crypto Investors 

Bitcoin has often been labelled as the king of the swingers because of its high volatility and very sudden extreme swings in its value. However, the largest  and arguably the most volatile cryptocurrency of the world has been trading for days at around $20,000 and has not gone much higher than that since June. This is bad news…

Volkswagen’s New CEO Promises To Accelerate The Transition To Electric Vehicles

Volkswagen will speed up its transformation to electric vehicles, but it must find the right “rhythm” as it does so, said new CEO Oliver Blume at an internal conference on Thursday, his first day in office. Blume announced a ten-point plan for financial robustness, sustainability, the capital market, and development in China and North America…

Ashmore Emerging Markets Fund’s Full-Year Pretax Profit Drops 58%

Ashmore Investment Group reported a 58% drop in full-year pretax profits and a double-digit drop in net revenue on Friday, citing widespread risk aversion as a result of the Ukraine war, as well as inflation and higher rates globally. The emerging markets-focused asset manager made £118.4 million ($136.62 million) in profit before tax in the…