TikTok’s latest transparency report shows that it took down 49 million videos for content violations from July 2019 to December 2019.
It also received over 500 government requests during that time, up from 296 in the first of half 2019.
It says none of them were from China or Hong Kong.
Saudi Arabia is considering canceling the annual hajj pilgrimage this year because of the coronavirus pandemic, the Financial Times reported.
The hajj, which involves traveling to the holy city of Mecca, is a mandatory ritual for all observant Muslims who can afford the trip and physically complete the journey to the Arabian peninsula.
The U.K. has pledged to invest $500 million in bankrupt satellite-broadband company OneWeb.
OneWeb is developing a satellite network that’s designed to beam high-speed, low latency internet to Earth.
Shares of Lemonade, an digital insurance company, soared more than 138% in its Thursday market debut.
The company’s stock opened at $50.06 after pricing at $29 per share Wednesday.
Lemonade offers insurance to renters and homeowners with the use of artificial intelligence and chatbots.
Last week, major U.S. indices recorded their best quarter in decades. The Dow Jones closed up 17.77% on June 30 to notch its best three months since 1987. The S&P 500 ended up 19.95%, a high not seen since 1998. The Nasdaq finished higher by 30.63%, its greatest gain since 1999.
The ideal retirement strategy uses a guaranteed pot of money for living expenses and ensures investment assets don’t run out.
Everyday retirees can approximate this plan with Social Security income and by withdrawing investment money according to a simple formula published by the IRS.
There are risks, such as large unforeseen expenses.
“The data was collected through the middle of June,” the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June when we saw states like where I am here in Texas start to reverse their opening up plans. That did not get captured in this number completely.”
The Federal Reserve is continuing to buy corporate bonds, following up on a pledge it made in March.
Corporate America titans such as Microsoft, Apple and Home Depot have been among the beneficiaries.
Questions have been raised over “moral hazard” as the Fed buys debt from companies that don’t seem to need the central bank’s help.
“Although many countries have made some progress, globally, the pandemic is actually speeding up,” WHO chief Tedros Adhanom Ghebreyesus said during a virtual news conference.
The virus has infected more than 10.1 million people around the world and killed at least 502,634 people, according to data compiled by Johns Hopkins University.
“The single most important intervention is … tracing and quarantine contacts,” he said. “Six months since the virus started, it could be like a broken record to say exactly the same thing, but the same thing works. Test, test, isolate, quarantine cases.”
Under the new legislation, many of Hong Kong’s protests that took place last year would be punishable by law.
It gives Beijing greater control on the city and has already had an impact on the protest movement, with prominent activist Joshua Wong resigning and withdrawing from his pro-democracy party.
