Well-Known Shopping App Allegedly Allows Chinese Companies to Access Americans’ Data, New Lawsuit Claims
Allegations Against TEMU: A Lawsuit Claims Malware Operations A lawsuit filed on Wednesday by Nebraska’s Republican Attorney General Mike Hilgers claims that the popular Chinese shopping app TEMU functions like “malware,” aimed at harvesting data from U.S. users. The legal action accuses TEMU and its parent company, PDD, of allowing access to sensitive U.S. information […]
Forex Today: US Dollar remains under pressure as attention turns to PPI inflation data
Here’s a rundown for Thursday, June 12th: Early Thursday, the mood in the market is a bit tense. Investors are keeping a close watch, particularly ahead of the US Bureau of Labor Statistics (BLS) report and given recent trade updates. There’s also the Producer Price Index (PPI) data for May and a US Treasury auction […]
Bitcoin price surge to $115K possible as US economic data surpasses expectations
Key Insights on Bitcoin Market Sentiment Investor sentiment for Bitcoin reaches a seven-month high, with forecasts suggesting a potential rally to $115,000. Recent CPI figures and lower-than-expected PPI data could contribute to rising BTC prices. Bitcoin (BTC) briefly surpassed $110,000 on Wednesday, following the release of US Consumer Price Index (CPI) data that was cooler […]
States initiate legal measures as 23andMe tries to sell customer genetic data during bankruptcy
23andMe Faces Lawsuit Over Genetic Data Sales Amid Bankruptcy This week, 27 states along with the District of Columbia filed a lawsuit against 23andMe in the U.S. Bankruptcy Court in the Eastern District of Missouri. The main contention is that the genetic testing company lacks the right to sell its clients’ genetic information to whoever […]
States contest 23andMe’s ability to sell genetic data amid bankruptcy
23andMe Faces Legal Challenges Amid Bankruptcy 23andMe is currently embroiled in a lawsuit over its intentions to sell customers’ genetic data, which has raised significant concerns about privacy. This week, 27 states, along with the District of Columbia, took legal action against the company in the U.S. Bankruptcy Court located in the Eastern District of […]
US Dollar Index remains over 99.00 before US CPI data
The US Dollar Index is benefiting from reduced trade tensions with China. The US consumer price index may rise by 2.5% year-on-year in May. The US Court of Appeals has prolonged its temporary stay, allowing the government to maintain its significant tariffs imposed by Trump. The US Dollar Index (DXY), which gauges the USD’s value […]
GBP/USD weakens after disappointing UK data, while US CPI remains a concern.
GBP/USD dips following UK wage and employment data that exceeded expectations. US CPI inflation data is imminent and expected to have a significant impact. Mid-tier trade data from the UK and US consumer sentiment metrics are still to come later this week. The GBP/USD saw a decline on Tuesday, weighed down by unexpected results in […]
Data centers using AI might lead to increased air pollution in Texas, report indicates
The surge in artificial intelligence development may be introducing harmful toxins into Texas’s air, according to a recent report. State officials are reviewing plans for over 100 new gas-powered projects, primarily aimed at supporting expanding data centers. This information comes from a report released by the Environmental Integrity Project (EIP) early Wednesday. The EIP noted […]
AT&T data leak reveals 86 million customer records, featuring social security numbers
AT&T Faces Major Data Breach Affecting Millions AT&T has disclosed a significant data breach, putting the personal information of over 80 million customers at risk. Reportedly, more than 86 million individuals are affected, with leaked data that includes names, birth dates, email addresses, phone numbers, physical addresses, and Social Security numbers of about 44 million […]
Who is taking your data, the left or the right?
Palantir and Government Data Collection Concerns The New York Times recently published a report suggesting that the federal government may be collaborating with the data processing firm Palantir to create a comprehensive database containing personal information of American citizens. This initiative has faced backlash, with critics arguing it could allow the government to gather sensitive […]