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.
US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations
The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.
Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.
Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.
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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker
Money
Wall Street slides as AI spending raises investor concerns
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.
Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.
Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.
We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.
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Money
Tesla brand value plummets amid Elon Musk’s political focus
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.
In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.
#TeslaNews #ElonMusk #BrandValue
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