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Phia Accused of ‘Cookie Stuffing’ to Steal Affiliate Commissions, Bloomberg Reports
Phia, the shopping startup co-founded by Phoebe Gates (daughter of Bill Gates) and Sophia Kianni, has been accused of a practice known as “cookie stuffing,” potentially enabling it to collect commissions on sales it did not generate, according to a Bloomberg investigation published Thursday. The report has led to Phia’s suspension from Impact.com, a leading
Singapore GDP and NODX Show Resilience, Says DBS
Singapore’s economy has shown notable resilience in recent months, with both gross domestic product (GDP) and non-oil domestic exports (NODX) holding up better than anticipated, according to a recent analysis by DBS Group Research. The bank’s assessment, released this week, points to sustained momentum in key export sectors even as global trade faces headwin
Crude Oil Rediscovers Its War Premium as the Versailles Patch Peels Off
Crude oil futures climbed more than 3% on Tuesday, with Brent crude settling above $82 per barrel, as the geopolitical risk premium that had been suppressed since the Versailles peace talks earlier this year began to re-emerge. The rally marks a reversal of the so-called ‘Versailles patch’—a period of relative calm in oil markets that […]
TD Securities: Structural headwinds limit China’s ability to boost growth
Analysts at TD Securities have cautioned that China’s capacity to deploy additional economic stimulus is significantly limited by persistent structural challenges, including a deep-rooted property sector downturn and ongoing deflationary risks. In a research note published on Wednesday, the bank’s strategists argued that while Beijing has room to ease policy
Eurozone: Energy shock keeps pressure on ECB – Nordea
The Eurozone faces a prolonged period of elevated inflation as energy price shocks continue to reverberate through the bloc’s economy, according to a new analysis from Nordea. The warning comes as the European Central Bank (ECB) prepares for its next policy meeting, with markets closely watching for any shift in the central bank’s stance. Nordea […]
Why the New Fed Chair’s Silence Is Rattling Markets
The new Federal Reserve chair has not held a single press conference or delivered a major public speech in the six weeks since taking office. Meanwhile, the S&P 500 has swung by more than 1% on eight separate trading days, and the 10-year Treasury yield has moved 30 basis points in a single week. Investors […]