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Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
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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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