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ECB board member Nagel: Imposing tariffs on all countries is not a good idea.Hang Seng Index futures closed up 0.39% at 19,924 points in the night session, 145 points higher.On January 23, BlackRock CEO Larry Fink said that investors were too quick to conclude that high inflation was over, increasing the likelihood that bond yields will rise in the future as prices rise. "The biggest risk facing the world today is that the whole world believes that the peak of inflation has passed," Fink told Bloomberg on Wednesday while attending the World Economic Forum in Davos, Switzerland, saying that his views were at odds with the views expressed by market forces. "I really think we will face a situation of high inflation." When talking about artificial intelligence investment, Fink said that building data centers requires a lot of funds from the private sector. BlackRock is teaming up with Microsoft and others to raise a $30 billion fund, and Fink said that the private market needs to pay special attention to how data centers are powered. "In the short term, lets be clear that it will be powered primarily by natural gas, natural gas in the United States," Fink said, adding that electricity demand should trigger discussions about the future role of nuclear energy.On January 23, the European Stoxx 600 index hit a record high for the first time since September, as investors became increasingly confident that the United States might not implement the most severe tariff measures it had previously threatened. The index rose 0.9% to 530.55 points during the session, exceeding the previous intraday high of 528.68 points in September. However, the index later gave up most of its gains and closed at 528.04. Consumer goods and technology stocks rose the most on Wednesday, with Adidas shares jumping after announcing better-than-expected earnings. European stocks have regained favor this month after experiencing one of the worst years compared to U.S. stocks in 2024. Political uncertainty is also expected to subside this year after Germany holds a general election.On January 23, according to the Japan Meteorological Agency, at about 2:49 a.m. local time on the same day, a 5.0-magnitude earthquake occurred in the Aizu area of Fukushima Prefecture, Japan, with a maximum tremor of 5 weak and a focal depth of 10 kilometers. There is no risk of tsunami from this earthquake. At about 2:57 a.m. local time on the 23rd, a 3.2-magnitude earthquake occurred again in the Aizu area of Fukushima Prefecture, Japan, with a maximum tremor of 3 and a focal depth of 10 kilometers.

Meta Will Evaluate A Monthly Subscription Service For $11.99

Haiden Holmes

Feb 20, 2023 14:39

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Meta Platforms revealed on Sunday that it is piloting a monthly subscription service called Meta Confirmed, which will allow users to verify their accounts with a government-issued ID and receive a blue badge, in an effort to assist content creators in expanding and building communities.


The subscription bundle for Instagram and Facebook (NASDAQ:META), which will be released later this week, will offer further security against impersonation and start at $11.99 per month on the web or $14.99 per month on Apple's iOS and Android.


This week, Meta Verified will launch in Australia and New Zealand, followed by progressive launches in other nations.


Meta's entry into the subscription services market follows Twitter's announcement last month that Twitter Blue will cost $11 per month.


Mark Zuckerberg, CEO of the social media behemoth, stated previously that the company planned to offer a number of new products that would "empower artists to be far more productive and creative," but cautioned about the cost of supporting the technology for a huge user base.


Several social media apps, like Snapchat from Snap Inc (NYSE:SNAP) and the messaging app Telegram, debuted paid membership services as a new revenue stream in 2017.