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22 hours ago | 
ibtimes.co.uk | Niloy Chakrabarti
Austrian digital advocacy group NOYB, led by privacy activist Max Schrems, expressed concerns about Meta Platforms' plan to use the personal data of Europeans to train its AI models. The group threatened that it would pursue an injunction against the US tech giant that could lead to billions in damage claims. Meta has stated it plans to use EU personal data from Instagram and Facebook users, starting 27th May, to train AI systems.
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1 day ago | 
ibtimes.co.uk | Niloy Chakrabarti
Berkshire Hathaway chair Warren Buffett proved once again his foresight for businesses when he sold over a million shares of DaVita a day before the dialysis service provider was sued. Buffett sold 1,145,938 shares of DaVita worth £126.23 million ($168.57 million) on 8th May, according to a Form 4 filing with the US Securities and Exchange Commission. He still owns 33,996,541 shares of the company worth billions of dollars.
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2 days ago | 
ibtimes.co.uk | Niloy Chakrabarti
New Hampshire lawmakers recently voted to pass House Bill 302, which will allow the state to invest in precious metals and digital assets. State Governor Kelly Ayotte wrote in a post on X, formerly Twitter, that New Hampshire is the first state in the US to establish its own crypto reserve. 'Just signed a new law allowing our state to invest in cryptocurrency and precious metals,' Ayotte said. State Representative Keith Ammon is the primary sponsor of the bill.
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2 days ago | 
ibtimes.co.uk | Niloy Chakrabarti
Microsoft co-founder Bill Gates has reportedly donated £75.73 billion ($100 billion) but is determined to give away more.
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6 days ago | 
ibtimes.co.uk | Niloy Chakrabarti
Young US adults still believe in the American Dream of becoming financially successful by working hard and finding happiness. However, many remain doubtful of its achievability due to economic roadblocks, per UCLA's Center for Scholars and Storytellers report. The report surveyed 1,500 people aged between 14 and 27 and found that 86% still like the idea of the American Dream and want to pursue it. However, 60% think it would be a difficult journey, primarily due to economic obstacles.
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1 week ago | 
ibtimes.co.uk | Niloy Chakrabarti
Robert Herjavec is a renowned cybersecurity expert and a celebrated star of Shark Tank US. His entrepreneurial skills and technical know-how helped him amass a personal net worth of £224.1 million ($300 million). He founded several leading cybersecurity firms, scaled them to new heights, and sold them to global technology corporations and private equity firms.
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1 week ago | 
ibtimes.co.uk | Niloy Chakrabarti
A Donald Trump backer and Pershing Square Capital Management CEO, Bill Ackman, believes the US is '100%' behind the president on fixing the world's tariff system. However, he recently urged Trump in a post on X, formerly Twitter, to temporarily pause the exorbitant tariffs on imports from China. Ackman believes that a pause would benefit US trade negotiations because the high tariffs currently disadvantage American businesses.
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2 weeks ago | 
ibtimes.co.uk | Niloy Chakrabarti
Tesla's Q1 2025 earnings per diluted share fell to £0.09 ($0.12) from £0.31 ($0.41) a year earlier as revenue declined markedly year-over-year to £9.68 billion ($12.93 billion) from £12.33 billion ($16.46 billion). Shares are down 30% year-to-date as investors believe CEO Elon Musk is stretched too thin with his business and political roles. As the EV maker continues to face backlash over Musk's government policies, reports emerged that Tesla is looking for a new CEO.
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2 weeks ago | 
ibtimes.co.uk | Niloy Chakrabarti
A 34-year-old Redditor offered a glimpse into his annual income from investments on the r/Dividends subreddit in March. The post revealed that his investments across exchange-traded funds and some top stocks earn him £32,141 ($42,505) annually at a 4.32% yield, implying total investments north of £729,508 ($964,756). The screen capture of the person's income stats revealed monthly earnings of £2,678 ($3,541) or £88.06 ($116) daily.
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2 weeks ago | 
ibtimes.co.uk | Niloy Chakrabarti
The Social Security Administration (SSA) detailed in a Tuesday press release that US President Donald Trump's agenda to overhaul the federal institution has benefited millions of beneficiaries and is helping protect taxpayer dollars. The SSA has embraced a new approach while working with the US Department of Government Efficiency to improve customer services, minimise fraud and redundancies, and optimise the workforce.
