Money

This Chinese app could be spying on you

Published

1 year ago

April 3, 2023

ticker NEWS

Chinese shopping app, Pinduoduo, allegedly planting spyware on mobile phones

Move over TikTok, there’s a new app to worry about.

There are new fears one of China’s most popular shopping apps can bypass a mobile phone’s security and spy on users.

The app is called Pinduoduo and it has cyber security experts concerned.

It attracts a whopping 750 million users a month, selling a huge number of products, from clothing to groceries and so much more.

But experts believe it has the ability to monitor activities on other apps, check notifications, read private messages and even change mobile settings.

Once it’s installed, it’s hard to remove.

Company insiders say the software is being used to spy on users and competitors, in the hope of boosting sales.

This all comes amid intense scrutiny of Chinese-developed apps like TikTok over concerns about data security.

Some countries are pushing for a national ban of the popular video app.

CEO Shou Chew was grilled by U.S. Congress for five hours last week about its relations with the Chinese government. #trending #featured

Money

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending