On Thursday, the European Central Bank lowered interest rates by 25 basis points and modified the wording in its policy statement to indicate that monetary policy was becoming “meaningfully less restrictive.” This reduction brings the ECB’s deposit facility rate—its key benchmark—to 2.5%, a move that had been widely anticipated by markets prior to the announcement.…
7-Eleven Appoint A American Executive To Avoid Takeover Bid From Alimentation Couche-Tard
HeAs it fights off a takeover attempt by a Canadian competitor, the Japanese parent company of 7-Eleven announced a significant restructuring on Thursday, which includes appointing its first foreign-born chief executive. Seven & i Holdings revealed that Stephen Dacus, 64, a board member and experienced retail executive from the United States, will assume the CEO…
United Auto Workers Union Welcomes The Aggressive Tariffs on Neighboring Countries
The United Auto Workers (UAW) union has expressed its support for President Trump’s tariffs announced on Tuesday, fully endorsing the “aggressive” measures aimed at revising previous trade agreements with neighboring countries. “Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals,” the union stated in its Tuesday announcement. On…
Donald Trump Announces Plans To Set Up Cryptocurrency Reserve Leading To Surge in Value of Bitcoin
U.S. President Donald Trump took to social media on Sunday to reveal the names of five digital assets he intends to include in a new U.S. strategic reserve of cryptocurrencies, causing a surge in their market value. In a post on Truth Social, Trump stated that his executive order on digital assets from January would…
NVIDIA, Super Micro Computer and Dell Face The Effects of Investigation in Singapore Over Prohibited Chips
Nvidia (NVDA), Super Micro Computer (SMCI), and Dell (DELL) shares plummeted on Monday following Singapore’s announcement of an investigation into whether servers shipped to Malaysia—containing chips prohibited from being exported to China—ultimately made their way to the mainland. Authorities in Singapore arrested several individuals suspected of being involved in the procurement and shipment of Nvidia…
European Carmakers Granted Extended Deadlines For Pollution Targets in 2025 After EV Sales Plummet
European car manufacturers will be granted an additional two years to meet this year’s pollution target, European Commission President Ursula von der Leyen announced, marking another rollback of her Green Deal climate policies. Under the proposal, companies that exceed emissions limits this year will be allowed to compensate by selling more low-emission vehicles over the…
PureEdge Smart Controller Offers Flexible Lighting Control but Locks You Into the WiZ Ecosystem
Before diving into the details of the PureEdge Pure Smart Wi-Fi Smart Remote Room Controller, it’s important to understand the platform on which it operates: WiZ, a brand owned by Signify, the same company behind Philips Hue. WiZ offers a range of smart lighting products, including bulbs and fixtures, and its underlying technology is licensed…
Plex Doubles Lifetime Pass Price and Puts Remote Streaming Behind Paywall in Major Strategy Shift
Plex is significantly raising the cost of its Plex Pass subscriptions, marking the first major price adjustment in over a decade. The lifetime Plex Pass, previously priced at $119.99, will more than double to $249.99 starting April 29, 2025. Monthly and annual subscriptions will also see hikes, with monthly rates rising from $4.99 to $6.99…
Google’s Privacy Sandbox Stalls Again as Industry Frustration Mounts and Adoption Slows Amid Delays
Google’s latest quarterly Privacy Sandbox report has drawn sharp criticism, particularly for its continued functional shortcomings, notably in its attribution reporting API. Under the scrutiny of the UK’s Competition Markets Authority, Google is required to be transparent in its updates, and this edition only fueled discontent among long-time critics like the Movement for an Open…
The Trade Desk Loses Momentum as Revenue Miss, CTV Struggles, and Agency Tensions Erode Its Edge
The Trade Desk, once the undisputed leader in programmatic advertising, is facing a tough reckoning. After an impressive streak of 33 consecutive quarters meeting or exceeding expectations, the company missed its revenue target in late 2024. The market’s reaction was brutal, causing a 30% drop in stock value and shattering its aura of invincibility. Long-standing…