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Wall Street Futures Rise Ahead of Thanksgiving Holiday

  US stock futures edged higher on Wednesday as investors looked to extend the market’s recent rally into the Thanksgiving holiday. Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures rose 0.2%, and Nasdaq 100 futures climbed 0.3% . The move follows a strong session on Tuesday, when the Dow surged more than 660 points (1.4%) , marking its third consecutive day of gains. Tech stocks continued to drive momentum, with Alphabet closing at record highs after reports that Meta may adopt Google’s TPU chips in the coming years. Meanwhile, Nvidia shares slipped over 2.5% as competition in the AI chip space intensified. Investors are also keeping a close eye on the Federal Reserve. Markets are currently pricing in an 85% probability of a quarter-point rate cut in December , which has helped bolster optimism. Lower Treasury yields and easing inflation pressures have further supported the bullish sentiment. Through the first two trading days of this holiday-shortened we...
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RedNote: The New Haven for TikTok Refugees

 

As TikTok faces a potential ban in the United States, many users are seeking alternatives, and RedNote (known as Xiaohongshu in China) has emerged as a popular choice. Here's what you need to know about this app:

What is RedNote?

RedNote is often compared to Instagram but with a localized Chinese twist. Its name, Xiaohongshu, translates to "Little Red Book," a nod to Mao Zedong's collection of sayings. The app is a lifestyle platform where users share photos, videos, and recommendations on topics like beauty, fashion, travel, and food.

With the looming TikTok ban, many users are migrating to RedNote to continue sharing content and building followings. The app has seen a surge of over 500,000 new U.S. users in recent days. RedNote's interface allows for multiple posts, discussions, and even product purchases, making it a versatile platform for content creators.

Who Owns RedNote?

RedNote was co-founded by Miranda Qu and Charlwin Mao in 2013. It is owned by Xingyin Information Technology Shanghai Ltd. The app has significant backing from Chinese tech giants like Alibaba and Tencent, as well as international investors.

Global Ambitions and Challenges

While RedNote is primarily used by Mandarin-speaking users, the influx of English-language content has prompted the company to enhance its translation tools and moderation of non-Mandarin posts. The app aims to achieve global popularity similar to TikTok's, but faces challenges in balancing content moderation and user engagement.

Is RedNote Safe to Use?

Questions about data privacy remain, as the app's terms of service are mostly in Mandarin. Users have reported account restrictions for violating content guidelines, such as posting LGBTQ+ material or revealing clothing. RedNote operates a single version worldwide, subject to Chinese moderation rules.

As TikTok's future in the U.S. remains uncertain, RedNote continues to attract users looking for a new platform to share their lives and connect with others.




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