Tech, Media & Telecom Roundup: Market Talk

Six major telecom companies in the UK are joining forces to enhance security measures against phone number spoofing. Over the next year, they will implement new technology aimed at preventing fraudsters from impersonating legitimate organizations, helping to protect consumers from scams.

Palantir recently reported another earnings beat, but its shares dropped due to valuation concerns. CEO Alex Karp remains optimistic, stating that investors are on the right side of what should work in the country.

Palantir's outlook has been raised by BofA Securities Analyst Mariana Perez Mora, who believes the company will thrive even if the AI bubble bursts. She shared insights on Palantir's strong earnings and its unique position in the AI sector during a discussion with Caroline Hyde and Ed Ludlow on Bloomberg Tech.

In a recent address, Putin highlighted the impressive capabilities and future prospects of Russia's new weapons systems, emphasizing their role in enhancing national security and military strength.

DA Davidson has raised its price target for Shopify's stock to $195, reflecting strong growth prospects for the company. This positive adjustment highlights investor confidence in Shopify's future performance.

The White House has announced that Nvidia is prohibited from selling its most advanced AI chip to China, a move that could significantly impact the tech giant's business strategy and the broader AI landscape.

Canaccord Genuity has raised its price target for Shopify's stock to $185 following a strong performance in the third quarter. This positive outlook reflects confidence in Shopify's growth and market position.

Palantir's shares have taken a hit following the news that renowned hedge fund manager Michael Burry has made a significant bearish bet against the stock, amounting to $912 million. This development has raised concerns among investors about the company's future performance.

First Brands has filed a lawsuit against its founder, Patrick James, alleging he misused company funds for extravagant personal expenses, including $500,000 on a private chef and $3 million on a New York townhouse.

First Brands has filed a lawsuit against its founder, Patrick James, alleging that he misused company funds for personal luxuries. The complaint details extravagant expenses, including $500,000 on a private chef, $150,000 for a personal trainer, and $3 million for renting a townhouse in New York.

In a recent pre-Budget speech, Chancellor Reeves indicated that she would not rule out tax increases, stating that she will make 'necessary choices.' This statement raises concerns among citizens and businesses about potential financial burdens ahead, highlighting the government's challenging position in balancing fiscal responsibility with economic growth.

In the morning Tokyo session, Japanese Government Bonds (JGBs) saw a slight increase, following the positive price movements in U.S. Treasurys from the previous night.

Ads for LED masks claiming to treat acne and rosacea have been banned due to regulations. The authorities emphasize that cosmetic devices must be registered and cannot make medical claims.

Perpetual, an Australian investment manager, is currently in discussions with Bain Capital regarding the potential sale of its wealth management unit. This move could mark a significant shift in the financial landscape.