Economy

William O'Dowd IV, CEO of Dolphin Entertainment Inc. (NASDAQ:DLPN), increased his personal investment in the company by acquiring an additional 13,000 shares of common stock. The shares were purchased at an average price of $1.09 each, bringing the total value of the transaction to approximately $14,170. This move highlights O'Dowd's confidence in the company's future and its recent performance metrics, including an impressive 94% gross profit margin and a 22% revenue growth rate over the past year. The purchase, completed on December 17, 2024, increases O'Dowd's direct ownership in Dolphin Entertainment to 147,493 shares. In addition to this, O'Dowd also…

Apple is accused of illegally surveilling the personal devices and iCloud accounts of its employees, particularly when they discuss pay and workplace conditions. A new complaint, filed by Domingo Amar Bhakta in a California state court, accuses the tech giant of requiring employees to install software on personal devices used for work. This software supposedly grants Apple access to sensitive personal data, including emails, photo archives, health information, and even data from “smart home” devices. Bhakta, who works in Apple's digital advertising division and has been with the company since 2020, claims that Apple has strict privacy policies that prevent…

Federal Reserve Chair Jerome Powell and the Federal Open Market Committee (FOMC) will announce their latest monetary policy decision on Wednesday, and market participants are preparing for a surprising move. Despite inflation remaining above the Fed's 2% target, robust economic growth of around 3% and a strong labor market, the central bank is expected to lower its benchmark interest rate by 25 points basis, bringing the target range to 4.25%-4.5. %. This potential cut comes as a surprise to many, as conventional wisdom would suggest that the Fed might maintain or even raise rates under such economic conditions. Futures market…

In an effort to address expected challenges to U.S.-China relations under President-elect Donald Trump, Chinese Vice Premier He Lifeng recently met with several top U.S. financial executives. These meetings come as Beijing prepares for the possible imposition of tariffs on Chinese goods, a key part of Trump's campaign rhetoric. He Lifeng, one of China's four vice premiers and a leading figure in the country's economic and financial policy, has actively sought to establish connections with influential players in American financial circles. In the past month, he had talks with Larry Fink, chief executive of BlackRock, on December 5, and John…