Australia News Today: Global Economy Warning, Inflation Data in Focus
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Microsoft-backed Rubrik prices US IPO above range at $32 per share
Rubrik prices its initial public offering above its previous target range of $28-$31, valuing it at around $5.6 billion based on the outstanding shares listed in its filing with the US Securities and Exchange Commission
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Top US mobile carriers fined $200m by FCC over illegal location-data sharing
T-Mobile, Verizon, Sprint and AT&T say they will appeal against ‘excessive’ fines meted out by US regulatorThe Federal Communications Commission on Monday fined the largest US wireless carriers nearly $200m for illegally sharing access to customers’ location information.The FCC is finalizing fines first proposed in February 2020, including $80m for T-Mobile; $12m for Sprint, which T-Mobile has since acquired; $57m for AT&T, and nearly $47m for Verizon. Continue reading
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EVs set for 11% of 2024 US vehicle share, 1 of 5 cars sold globally
EV sales are likely to continue growing in 2024, reaching around one in five new car sales globally, and 11% of the U.S. market, according to the International Energy Agency (IEA). Tight profit margins, volatile battery raw material prices, and the phaseout of incentives in certain countries have led to concerns about an EV sales slump, but data