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Inflation is so bad in Argentina that the central bank will issue 10,000 peso notes to relieve people from the burden of having to haul bags of cash around for day-to-day needs. The note, worth about $11 based on Thursday exchange rates, tops the 2,000 peso note as the country's biggest bill. Meanwhile, the central bank also announced that it will launch a larger bill a 20,000-peso note later this year. #MicroStrategy
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Tim Cook flexed his sneaker game while unveiling new iPad products and accessories during a recent Apple event. Cook kicked off Apple's livestream event on Tuesday while wearing one-of-a-kind Nike Air Max 1 '86 sneakers. A Nike representative told that the sneakers were inspired by Apple's new products: the iPad Pro and Apple Pencil Pro. The shoes will not be available for purchase to the public. #CryptoWatchMay2024
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Tesla CEO Elon Musk says its recent Model Y models have more driving range than you thought but you'll have to pay to get it. Musk said in a post on X that Model Y vehicles built over the past few months have an extra 40 to 60 miles of range that can be unlocked, depending on the battery. Musk said Tesla could charge an extra $1,500 to $2,000 for the upgrade and that he's "working through regulatory approvals to enable" the new range. #CryptoWatchMay2024
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New York City is the metro with the highest number of millionaires. Some wealthy residents moved out, but lots more moved in during the pandemic, bringing the Big Apple's millionaire count to 349,500 more than any other city in the world. With a population of 8.2 million, this means that one in 24 New York residents is a millionaire. The number is up 48% from a decade ago. With 60 billionaires, New York also boasts the title of the city with the second-highest number of ultra-wealthy residents, just behind the Bay Area's 68 billionaires. #CryptoWatchMay2024
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Tik Tok promised to fight its potential ban in the US - and now the social media giant has made it official. TikTok and its parent company, ByteDance, sued the federal government on Tuesday to halt a nationwide ban on the app. The bill, which was bundled with foreign aid and signed into law by President Joe Biden on April 24, gives ByteDance nine months to a year to sell or spin off Tik Tok's American assets or face a ban from US app stores. State and federal politicians have spent years trying to assert greater control over TikTok's US operations. Politicians fear that ByteDance - which is headquartered in Beijing - could be compelled to share US user data with the Chinese Communist Party or run influence operations on its behalf. Tik Tok has denied both these claims and the US government has yet to present formal evidence that either action has occurred. Tik Tok's legal arguments are based on the First Amendment, which says that Congress can't pass a law that inhibits free speech. TikTok argues in the suit that the bill called the Protecting Americans from Foreign Adversary Controlled Applications Act - deprives the app's 170 million American users of their First Amendment rights. #CryptoWatchMay2024
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