Global stocks came under pressure on Friday after U.S. Treasury Secretary Steven Mnuchin called for an end to pandemic relief for struggling businesses, sparking a rare clash between the central bank and Treasury and weighing on sentiment.
Facebook for the first time on Thursday disclosed numbers on the prevalence of hate speech on its platform, saying that out of every 10,000 content views in the third quarter, 10 to 11 included hate speech.
Twitter Inc has resolved most performance issues with its new ephemeral "fleets" product and expects to complete the global launch by Friday, the company's product chief said in a live video on Thursday.
Tesla Inc extended its rally on Thursday ahead of its December debut in the S&P 500 , with its market value nearing US$500 billion, highlighting the growing domination of mega-cap growth stocks within Wall Street's main benchmark.
Treasury Secretary Steven Mnuchin on Thursday asked the Federal Reserve to return more than US$400 billion in unused funds from the massive March pandemic relief package so that Congress can reappropriate it to deliver economic stimulus.
The Federal Trade Commission and a bipartisan group of dozens of state attorneys general are in the final stages of filing one or more major antitrust complaints against Facebook Inc in early December, according to four sources familiar with the situation.
GIC-backed fintech OakNorth has secured a US$30 million investment from SMBC, which will drive data-backed lending in emerging markets such as Indonesia.
MORE than 40 global satellite events from around the world will join in as part of the Singapore FinTech Festival (SFF) x Singapore Week of Innovation & TeCHnology (SFF x SWITCH) 2020, in a first for the annual affair.
