Economy

Today's stock market
Wall Street opens lower - Fed begins interest rate meeting

Wall Street is mostly trading down as the Federal Reserve begins its two-day meeting that culminates in an interest rate announcement Wednesday night. A few minutes after opening it looks like this:

• S&P 500: −0.3%
• Nasdaq: −0.6%
• Dow Jones: +0.1%

Nvidia initially retreats by almost 3 percent. CNBC writes that investors are still digesting the messages from Nvidia's GTC product conference last night.

Goldman Sachs raises the company's target price to $1,000 from $875. JP Morgan writes in an analysis after yesterday's event that Nvidia is one or two steps ahead of competitors.

Competitor AMD also retreats over 3 percent.

Super Micro Computer plummets 10 percent after a new share offering of 2 million shares.

Unilever wants to spin off its glass segment into its own company and at the same time reduce the workforce by 7,500 people. The share rises close to 3 perc

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The development of AI  

Youtube's requirements: AI-generated material must be labeled  

 

YouTube creators must in future state whether realistic content has been manipulated or produced, for example, with generative AI. On Monday, the platform launched new rules and tools to increase transparency, the company writes in a blog post.  

 

Examples of realistic content are things like "viewers easily confuse him with a real person, place or event".  

 

But not all movies will need clarification.  

 

"We do not require creators to report content that is clearly unrealistic, animated, contains special effects or has used generative AI for production assistance," Youtube writes.  

 

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The criticism against Tiktok  

Tiktok proposal is America's most aggressive move yet 

 

That the US House of Representatives has voted through a ban on Tiktok is the most aggressive US move against the tech giants so far, writes Bloomberg. Among those who voted against the proposal were also members who justified their "no" with the fact that the ban should be broader and include more tech companies, such as Meta and X.  

 

The proposal, which is now moving on to the Senate, means that Chinese Bytedance must sell its share in Tiktok's owner company Bytedance if Tiktok is to continue operating in the United States.  

 

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Tech  

Chinese hacker breach of 70 companies in 23 countries  

 

A Chinese hacker group that goes by the name "Earth Krahang" has carried out a highly sophisticated campaign with breaches at 70 companies in 23 countries. This is reported by the site Bleeping Computer, which refers to data from the cyber security company Trend Micro.  

 

The group has exploited vulnerabilities in servers and used phishing to access various types of backdoors.  

 

Trend Micro claims that it is not excluded that the group belongs to an organization that offers hacking services for a fee, and that has worked a lot with cyberespionage.