In the face of mounting interest-rate fears, communications services companies experienced a significant decline. Recently released minutes from a central bank meeting revealed that officials remain wary of "upside inflation risks," signaling the potential for further interest-rate hikes.
Tencent Holdings Reports Impressive Second-Quarter Net Profit Growth
Tencent Holdings, a prominent player in various business sectors, reported a remarkable 41% increase in net profit for the second quarter. This notable growth was primarily driven by a resurgence in several business lines, prominently including online advertising.
Twitter's Withholding of Information Raises Questions
Court records disclosed a legal battle between Twitter and federal prosecutors regarding the disclosure of former President Donald Trump's account information. Twitter vigorously resisted efforts to provide access to Trump's private direct messages and other communications. U.S. District Judge Beryl Howell, presiding over the case, expressed skepticism about Twitter's motivations and suggested that the company was attempting to mend fences with the former president.
Marion County Attorney Makes Concessions Following Outrage Over Press Freedom Violation
Following a raid on the office of a small central Kansas newspaper and the home of its owners, which sparked national outrage and drew attention from advocates of press freedom and experts in First Amendment law, the Marion County attorney decided to withdraw a search warrant. As a result, all seized computers and cellphones will be returned to the newspaper outlet.