Lawyers for Caroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, are recommending no prison time for their client’s role in the implosion of the crypto…
Business
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The share price of Trump Media plunged more than 10% on Wednesday, a day after majority shareholder Donald Trump gave a widely panned presidential debate performance against Vice President Kamala Harris. The company’s stock price closed at…
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Internet service providers including Charter, Verizon and Comcast are shifting customers away from the Affordable Connectivity Program, an expired federal internet subsidy that helped low-income households pay for broadband, according…
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New Starbucks CEO Brian Niccol will focus on improving the chain’s U.S. business in his early days on the job before he moves to fix its issues abroad, according to an open letter…
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Business
Big Lots files for bankruptcy protection as it promises to keep offering ‘extreme bargains’
by adminDiscount home goods retailer Big Lots filed for bankruptcy protection on Monday after high interest rates and a sluggish housing market slowed demand for its low-priced furniture and decor. As part of its Chapter…
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The rock group The White Stripes have filed suit against GOP presidential nominee Donald Trump’s campaign for its use of the band’s megahit ‘Seven Nation Army’ in a since-deleted campaign…
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Business
Broadband industry quietly abandons Capitol Hill fight to revive low-income internet subsidy
by adminInternet service providers like Charter, Verizon and Comcast have quietly scaled back their efforts to revive the Affordable Connectivity Program, an expired federal internet subsidy that helped low-income households pay for broadband. The $14.2 billion program provided…
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Business
Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production
by adminZyn users, rejoice: Production is about to ramp up in the U.S. Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would invest $600 million to build a new…
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DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch…
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Business
Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut
by adminFederal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current…