?? Australia Bans Social Media for Under-16s, Imposes Potential $32M Fines on Meta, TikTok, and Snapchat
The articles and information in this newsletter are a summary of Wednesday’s (November 27) trading and related news. They are presented for informational purposes only. Nothing in the newsletter should be taken as investment or trading advice.
S&P 5005, 998.74-22.89 (-0.38%)
Dow Jones 44,722.06-138.25 (-0.31%)
NASDAQ 19,060.48-115.10 (-0.60%)
Market close: November 27, 2024
Breaking News
Australia Bans Social Media for Under-16s, Imposes Potential $32M Fines on Meta, TikTok, and Snapchat.
?? Australia’s new Social Media Minimum Age Bill bans children under 16 from using platforms like Instagram, Facebook, TikTok, and Snapchat. Meta, ByteDance (TikTok), and Snap could face hefty fines of up to $32 million (AUD 49.5 million) for violations. The law, passed Thursday, also exempts YouTube from the age restriction, marking a significant step in regulating social media access for minors. Benzinga reports.
Image source: Photo by Gilles Lambert on Unsplash
EdgeUp
?? SoftAI: OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer. CNBC reports.
?? AITrust: Microsoft denies training AI models on user data. Reuters reports.
?? TariffImpact: Foxconn says global presence to shield it from Trump tariffs. Yahoo Finance reports.
?? DemandDrop: Stellantis to halt production in Turin in December due to weak demand for Fiat 500 EV. Yahoo Finance reports.
??? DellHPDownfall: HP, Dell's weak forecasts spark share selloff, doubts over PC market recovery. Reuters reports.
?? MonopolyPlay: Google asks US appeals court to reject app store monopoly verdict. Yahoo Finance reports.
Top 5 Movers in Early Pre-Market
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time) Benzinga reports.
1. $BSLK: Bolt Projects Holdings
Total gain: 247.97%
2. $PGHL: Primega Group Holdings
Total gain: 66.06%
3. $BMRA: Biomerica
Total gain: 47.12%
4. $EPRX: Eupraxia Pharmaceuti
Total gain: 44.92%
5. $SOS: SOS
Total gain: 30.91%
Friday Fact
Money Markets vs. Capital Markets: What's the Difference?
Money and capital markets are fundamental to the economy, serving investors and businesses alike. Money markets deal in short-term debt instruments, usually for one year or less. It's where governments, banks, and large corporations go to manage their immediate cash needs. Capital markets involve long-term securities, such as stocks and bonds, that mature in more than one year. This is where companies and governments raise funds for major projects and long-term growth.
?? Read more
领英推荐
Refer a Friend & Earn Together
Did you know that it pays to invite your friends to TradeZero?
When they fund a new account with us, you'll both receive $100 USD. T&Cs apply.
?? Learn More
Wednesday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on November 27.
(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM Eastern Time) Benzinga reports.
1. $VCIG: VCI Global
Total gain: 130.16%
The company is pleased to announce that it has received a conditional Letter of Award valued at approximately US$24 million from Hexatoff Group for a proposed data center project in Enstek City, Malaysia. As part of the agreement, V-Gallant will provide advanced AI hardware and software solutions, including an AI computing system featuring 640 units of NVIDIA H200 Tensor Core GPUs. Benzinga reports.
2. $UMAC: Unusual Machines
Total gain: 82.46%
The company announced that Donald Trump Jr. has joined its advisory board. His appointment comes at a pivotal time for Unusual Machines, following the recent release of the Brave F7 FPV Flight Controller. This achievement highlights the company's commitment to onshoring U.S. drone component manufacturing. Benzinga reports.
3. $MOVE: Movano
Total gain: 50.69%
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
MNSO MINISO Group Holding
1Q 2025
Before Market Open Estimate: 0.330
Actual: N/A
?? Enjoying the DailyEdge?
Recommend our 5-minute daily digest to a friend by sharing this link.
Extra-Time
Visit Our Knowledge Corner
Parting Thoughts
“The greatest investment reward comes to those who research and reach decisions slowly, but act promptly.” ― Philip Fisher
Sourced in: “Common Stocks and Uncommon Profits”, by Philip Fisher, published in 1958
The DailyEdge (“Newsletter”) is provided by TradeZero Holding Corp. and its affiliated broker dealers, TradeZero America, Inc., a United States broker dealer, registered with the SEC and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas; and TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF) (collectively, the “TradeZero Broker Dealers”). The Newsletter may summarize information and articles with respect to securities investing and trading that may be of interest to TradeZero customers and the public generally. Any views and opinions expressed or third-party information provided in the Newsletter are those of the author and do not reflect the views of TradeZero or its employees. TradeZero believes that the content of the Newsletter is accurate, however, TradeZero does not warrant its accuracy and assumes no responsibility for any errors or omissions. TradeZero provides the Newsletter for information and education purposes only. The Newsletter is not a research report and is not intended to serve as the basis for any investment or trading decision. The Newsletter does not constitute an offer to sell or a solicitation to buy any security or instrument which it may reference. There is a risk of loss in online trading of securities including equities and options. Trading on margin is for experienced investors and traders only as the amount one may lose can be greater than an initial investment. Likewise, short selling as a securities trading strategy is extremely risky and can lead to potentially unlimited losses. Options trading is not suitable for all investors as it can involve risk that may expose investors to significant losses. Please read the Characteristics and Risk of Standardized Options, also known as the options disclosure document (ODD) before deciding to engage in options trading. If you have any specific questions about TradeZero’s brokerage services, please reach out to the TradeZero Broker Dealer in your jurisdiction.