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- Bitcoin Bounces Back, Gucci's Profits Plunge and Facebook Under Fire
Bitcoin Bounces Back, Gucci's Profits Plunge and Facebook Under Fire
Anna's Daybreak News
Good morning news enthusiasts! Dive into the latest headlines, explore intriguing narratives, and stay in the know.📰🌟
Bitcoin Bounces Back
Bitcoin, the titan of digital assets, has once again made headlines by soaring to a high of $35,000, the first such feat since the crypto collapse of 2022.
This 11.5% rise in one day was fueled by anticipations for a new surge in demand from exchange-traded funds (ETFs).
This resilience pegs Bitcoin's rebound from last year's mayhem at a whopping 102%.
Financial behemoths such as BlackRock have thrown their hat into the Bitcoin ETF ring, further stoking the flaming anticipation among crypto-enthusiasts.
With Bitcoin dusting off, brace yourselves for the crypto bros to emerge from their caves and offer you their "guru" advice ...
Source: Read More
Bitcoin, the titan of digital assets, has once again made headlines by soaring to a high of $35,000, the first such feat since the crypto collapse of 2022.
This 11.5% rise in one day was fueled by anticipations for a new surge in demand from exchange-traded funds (ETFs).
This resilience pegs Bitcoin's rebound from last year's mayhem at a whopping 102%.
Financial behemoths such as BlackRock have thrown their hat into the Bitcoin ETF ring, further stoking the flaming anticipation among crypto-enthusiasts.
With Bitcoin dusting off, brace yourselves for the crypto bros to emerge from their caves and offer you their "guru" advice ...
Source: Read More
Glamor in Gloom: Gucci Grapples with Glitz Glut as Profits Plunge
Glamorous Gucci, the shining star in Kering SA's luxury line-up, suffered a 7% drop in sales last quarter
The luxury brand is grappling with the gruesome twosome of a luxury goods slowdown and internal strife that's snuffing out the sparkle in the label's profitability this year.
While analysts had braced for a sales tumble of 6.2%, the actual figure has overshoot, sending the Paris-based Kering's overall sales slipping by a nasty 9%, far below the estimates.
Kering's Deputy CEO, Jean-Marc Duplaix, pointed an accusatory finger at 'worsening macroeconomic conditions,' but also confessed their own move of in-house distribution was a significant factor.
While Kering is crying wolf, rivals like LVMH and Hermés, have been wolfing down sales - indicating it's not all doom and gloom in the luxury market
Source: Read More
Glamorous Gucci, the shining star in Kering SA's luxury line-up, suffered a 7% drop in sales last quarter
The luxury brand is grappling with the gruesome twosome of a luxury goods slowdown and internal strife that's snuffing out the sparkle in the label's profitability this year.
While analysts had braced for a sales tumble of 6.2%, the actual figure has overshoot, sending the Paris-based Kering's overall sales slipping by a nasty 9%, far below the estimates.
Kering's Deputy CEO, Jean-Marc Duplaix, pointed an accusatory finger at 'worsening macroeconomic conditions,' but also confessed their own move of in-house distribution was a significant factor.
While Kering is crying wolf, rivals like LVMH and Hermés, have been wolfing down sales - indicating it's not all doom and gloom in the luxury market
Source: Read More
Do you think the US will be able to avoid a recession? |
Meta Under Fire: Accused of Social Media Child Trapping by 33 States
In a landmark lawsuit, Meta, the parent company of Facebook and Instagram, is faced with allegations by 33 states.
The states accuse Meta of developing addictive features that target children and subsequently mislead the public about the hefty dangers involved.
The plaintiffs - a bipartisan group of attorneys general from various states - claim that Meta's platforms are created to maximize the time children and teenagers spend on its apps by deploying "psychologically manipulative" features and falsely assuring the public of their safety.
The lawsuit adds to a series of legal actions against social media companies over the alleged harm their platforms inflict on children.
A striking 62% of teenagers between 13 to 17 reportedly use Instagram, third only to YouTube and TikTok, indicating the potential widespread impact of the lawsuit.
If these allegations are to be believed, Hansel and Gretel would have been safer with the witch than on Instagram.
Source: Read More
In a landmark lawsuit, Meta, the parent company of Facebook and Instagram, is faced with allegations by 33 states.
The states accuse Meta of developing addictive features that target children and subsequently mislead the public about the hefty dangers involved.
The plaintiffs - a bipartisan group of attorneys general from various states - claim that Meta's platforms are created to maximize the time children and teenagers spend on its apps by deploying "psychologically manipulative" features and falsely assuring the public of their safety.
The lawsuit adds to a series of legal actions against social media companies over the alleged harm their platforms inflict on children.
A striking 62% of teenagers between 13 to 17 reportedly use Instagram, third only to YouTube and TikTok, indicating the potential widespread impact of the lawsuit.
If these allegations are to be believed, Hansel and Gretel would have been safer with the witch than on Instagram.
Source: Read More
Hostage Hell: The Granny Who Shook Hands With Hamas
A chilling tale unfolded as 85-year-old Israeli hostage, Yocheved Lifshitz, laid bare her harrowing fortnight's ordeal, following her recent release by Hamas.
The frail granny recounted the nightmare of being abruptly snatched from her home, beaten, and paraded on a motorbike into Gaza.
The terrorists showed no mercy, as they robbed her of her possessions - a grim symbol of her fleeting freedom.
Lifshitz was one among a group of hostages held within Gaza's underground network of ‘spider's web’ tunnels - a moist, labyrinthine terror.
Despite the initial ordeal, Lifshitz reports of a surprising flip in her treatment, stating that the militants ultimately showed respect and care towards their captives.
Particularly poignant is her controversial handshake with a masked captor during her release, which she justifies as gratitude for their humane treatment.
It is worth noting that Lifshitz's husband is still a Hamas hostage amongst 220 more people including women, children and babies.
Source: Read More
A chilling tale unfolded as 85-year-old Israeli hostage, Yocheved Lifshitz, laid bare her harrowing fortnight's ordeal, following her recent release by Hamas.
The frail granny recounted the nightmare of being abruptly snatched from her home, beaten, and paraded on a motorbike into Gaza.
The terrorists showed no mercy, as they robbed her of her possessions - a grim symbol of her fleeting freedom.
Lifshitz was one among a group of hostages held within Gaza's underground network of ‘spider's web’ tunnels - a moist, labyrinthine terror.
Despite the initial ordeal, Lifshitz reports of a surprising flip in her treatment, stating that the militants ultimately showed respect and care towards their captives.
Particularly poignant is her controversial handshake with a masked captor during her release, which she justifies as gratitude for their humane treatment.
It is worth noting that Lifshitz's husband is still a Hamas hostage amongst 220 more people including women, children and babies.
Source: Read More
Baked with love,
Anna Eisenberg ❤️
What did you think of today's edition? |