The holiday shopping season — for Mega Millions lottery ticket buyers, at least — is ramping up as officials say the estimated jackpot for Tuesday night’s drawing has surpassed half a billion dollars. As of late Monday, lottery officials estimate Tuesday’s prize at $565 million — or more than $293… Read More
Mitch McConnell’s spending bill hits a snag
Momentum toward passing a $1.7 trillion government funding bill with more aid for Ukraine slowed considerably Wednesday as lawmakers struggled to reach an agreement on amendments needed to get to a final vote and avoid a partial government shutdown at midnight Friday.] Senate Majority Leader Chuck Schumer, D-N.Y., said the… Read More
Amazon may have breached trademark rights over this ad
Online retail giant Amazon could be held responsible for breaching luxury shoemaker Christian Louboutin’s trademark rights over the sale of counterfeit red soled high-heeled shoes on its platform, the European Court of Justice ruled on Thursday. Third-party sellers on Amazon regularly advertise red-soled stilettos that are not made by Louboutin…. Read More
Allies of Sam Bankman-Fried plead guilty to criminal charges
Two of Sam Bankman-Fried’s top associates secretly pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX and are cooperating with investigators, a federal prosecutor announced Wednesday as the digital coin entrepreneur was being flown in FBI custody to the U.S. from the Bahamas. Carolyn Ellison, the… Read More
‘Top Gun’ and ‘Black Panther’ advance in Oscars shortlist
Blockbusters like “Top Gun: Maverick,”“Black Panther: Wakanda Forever” and “Avatar: The Way of Water” and pop stars like Lady Gaga, Taylor Swift and Rihanna just got one step closer to getting Oscar nominations. The Academy of Motion Picture Arts and Sciences on Wednesday announced shortlists in 10 categories for the… Read More
Donald Trump’s tax return data officially released
The House Ways and Means Committee voted along party lines to release former President Donald Trump’s tax returns — and CNBC had an early breakdown of what the release will contain. Trump’s income totals, deductions, and the taxes he and wife Melania paid while serving in the White House have… Read More
Home sales fell in November for 10th consecutive month
The housing market slump deepened in November as sales of previously occupied U.S. homes slowed for the tenth consecutive month — the longest such stretch on records going back to 1999. Existing home sales fell 7.7% last month from October to a seasonally adjusted annual rate of 4.09 million, the… Read More
Musk says Twitter in precarious position, defends layoff bloodbath
Elon Musk is defending his massive cost-cutting at Twitter as necessary for the social media platform to survive next year, due in part to debt payments tied to his $44 billion takeover of the company. “This company is like, basically, you’re in a plane that is headed towards the ground… Read More
Mark Zuckerberg takes witness stand in FTC case
Mark Zuckerberg, the CEO of Facebook’s parent company Meta, took the witness stand Tuesday in a trial over U.S. antitrust regulators’ effort to stop the tech giant from buying a virtual reality startup called Within Unlimited. At issue is whether Meta’s acquisition of the small company that makes a VR… Read More
House Dems vote to release Trump’s tax returns
On Tuesday, the Democrat-led House Ways and Means Committee voted along party lines to release former President Donald Trump’s tax returns in the coming days, raising the potential of additional revelations related to the finances of the onetime businessman. The vote was the culmination of a yearslong fight between Trump… Read More
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