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‘Shop like a billionaire’ – but is Temu safe?

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If you’re active on social media or use Google Shopping, you’ve likely encountered ads for Temu.

Temu is a Chinese e-commerce marketplace that boasts incredibly low prices compared to Western equivalents.

Sports shoes for $6?

A computer keyboard for $10?

These eye-catching deals have attracted many Western shoppers seeking to save money in the face of rising inflation, making Temu the most downloaded shopping app worldwide.

However, concerns about the environmental impact, product safety, and the legitimacy of Temu have also arisen.

What Is Temu?

Temu, the Western-branded arm of Chinese online retail giant Pingduoduo, allows shoppers to buy directly from Chinese manufacturers known for their cost-effectiveness.

The platform also offers users opportunities to earn credits for future purchases, either through spin-the-wheel games or by referring others to join the site.

However, not all is rosy, as customer reviews paint a less-than-stellar picture.

Temu holds just a 2.5/5 rating on the US Better Business Bureau (BBB) website, and one-third of Trustpilot reviews give it only one star.

Customers have expressed concerns about spam in their inboxes, difficulties in obtaining refunds, and receiving items in poor condition or not at all.

There are also worries about the potential use of forced labor in Temu’s supply chains.

Data risks

A US government agency has raised concerns about data risks associated with Temu and another Chinese retailer, Shein, echoing previous worries about the data practices of Chinese-owned online services like TikTok.

It’s important to note that these issues do not necessarily brand Temu as a scam site.

Nevertheless, where there are users, fraudsters tend to follow, attempting to deceive unsuspecting consumers through the popular Chinese retailer.

Top 5 Temu Scams

Here are some of the most common scams observed on Temu:

1. Nude Celeb “Leaks”: Scammers lure users into entering their referral code for cash or rewards by posting enticing but fake offers of celebrity nudes accessible via the code. However, there are no actual images, and scammers simply accumulate more referrals.

2. Fortnite/Roblox Benefits: Similar to the previous tactic, scammers claim users can access free Roblox Robux gift cards or rare Fortnite skins by entering a referral code on Temu. These offers are bogus, exploiting users’ curiosity and the platform’s relatively low visibility.

3. Duplicate Products: While Temu itself may not list counterfeit products, there have been reports of duplicate items resembling patented products closely. Unwary shoppers may end up with items that don’t meet their expectations.

4. Celeb Merchandise: Scammers create fake social media posts from celebrities, implying they have partnerships with Temu to promote discounted merchandise. Users are urged to visit the site and enter a referral code, but there is no such deal.

5. 90% Off Scams: Unsolicited emails and website ads promise substantial discounts on a wide range of Temu-listed products. Clicking through leads to phishing sites, where scammers collect payment card information, leaving buyers empty-handed.

By staying vigilant and taking precautions, you can enjoy the special deals and low prices that Temu offers while protecting yourself from potential scams.

Remember, while Temu itself may not be a scam, fraudsters may attempt to exploit it to defraud shoppers.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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