Money
Amazon slammed with record-breaking fines over privacy concerns
The EU has ruled that Amazon may be infringing its 300 million users’ right to privacy
The European Union is fining Amazon $888 million for violating its data protection rules.
CNPD is the EU’s lead privacy watchdog. It accused Amazon of “processing personal data in violation of the EU’s General Data Protection Regulation”.
The online retail giant lashed back, saying they findings are “without merit”.
Amazon says there has been “no data breach”
“There has been no data breach, and no customer data has been exposed to any third party,” Amazon said in a statement.
“These facts are undisputed. We strongly disagree with the CNPD’s ruling.”
Data and privacy concerns
This comes after years of criticism for Amazon over data privacy concerns. The company says it collects data to ‘improve the customer experience’, but some regulators remain concerned.
Lawmakers say that this data trove may give the online retail giant an unfair advantage in the market.
EU privacy watchdog cracks down on US tech giants
Amazon isn’t the only US-based tech giant facing these criticisms. This comes after an ongoing EU investigation into American tech giants.
The investigation is also looking into Microsoft. Particularly, the use of Microsoft 360 to transfer data.
Money
Wall Street hits record highs as markets shrug off Venezuela tensions
US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.
US markets hit record highs as investors shrug off geopolitical tensions, with the S&P 500 up 0.7% and Dow 1%.
US markets surged to fresh records as investors looked past recent geopolitical tensions following the US attack on Venezuela. Confidence returned quickly, driving broad gains across major indices.
The S&P 500 climbed 0.7% to reach a new all-time intraday high, while the Dow Jones Industrial Average jumped 495 points, or 1%, also setting a record during Tuesday’s session.
The rally signals continued optimism around economic resilience, despite global uncertainty and ongoing international conflicts.
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Money
Dow hits record after U.S. military action in Venezuela
Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.
Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.
The Dow Jones Industrial Average surged nearly 600 points to a record close following U.S. military action in Venezuela. Investors responded positively, signalling confidence that the geopolitical situation would not spiral out of control.
Stocks rallied alongside rising crude oil prices, with energy companies like Chevron and Exxon Mobil leading the gains. Analysts noted that oil infrastructure rebuilding in Venezuela could provide long-term benefits for the sector.
Despite the bullish market reaction, gold futures also rose, suggesting that some traders remain cautious amid global uncertainties.
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Money
Wall Street eyes further gains in 2026 as rate cuts fuel optimism
Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.
Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.
Wall Street is entering 2026 with renewed confidence as falling interest rates and robust corporate earnings lift expectations for continued stock market gains. Analysts say an easier monetary policy is providing fresh momentum for equities after several strong years.
The US economy has continued to show resilience, with businesses maintaining healthy balance sheets and earnings growth holding up despite global uncertainty. Lower borrowing costs and supportive fiscal settings are expected to further boost investor sentiment.
However, market watchers remain cautious, warning that optimism could fade quickly if economic data disappoints or inflation pressures return.
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