Terraform Labs and its founder Do Kwon built a “house of cards” and lied to investors about the stability of a cryptocurrency whose collapse rippled through markets in 2022, a lawyer for the Securities and Exchange Commission told a Manhattan jury as its civil fraud trial began on Monday. The SEC accused Kwon and the Singapore-based blockchain company of misleading
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A US judge on Monday threw out Elon Musk’s lawsuit against a nonprofit group that faulted him for allowing a rise in hate speech on his social media platform X, formerly Twitter. US District Judge Charles Breyer in San Francisco said it was “evident” that Musk’s X sued the Center for Countering Digital Hate (CCDH)
Kim Kardashian’s popular shapewear brand Skims has leased a 20,000-square-foot space on New York City’s coveted Fifth Avenue for at least 75% less than what was paid by the last tenant, Versace. The figure means Skims paid less than $200 per square foot for the lot at 647 Fifth Ave., near East 52nd Street, while
WeWork co-founder Adam Neumann has submitted a bid to buy back the bankrupt office-sharing company for more than $500 million, a person familiar with the matter told Reuters. It is not clear how Neumann is planning to line up financing for his bid, the source said, requesting anonymity as the discussions were confidential. Last month,
The co-founder of a popular meat sticks brand sold at Trader Joe’s says his upbringing in an immigrant family on Long Island taught him resilience one of the many things that has led “Chomps” to runaway success. Growing up, Chomps co-founder Pete Maldonado would often snack on greasy, gas station jerky sticks. The Manorville native
Apple has been hit with a flurry of new consumer lawsuits accusing the iPhone maker of monopolizing the smartphone market, piggybacking on a sweeping antitrust case lodged by the Justice Department and 15 states last week. At least three proposed class actions have been filed since Friday in California and New Jersey federal courts by iPhone owners who claim Apple inflated the cost of
“The Welsh government need to realise that what they’re doing is damaging the industry.” That’s according to Sam Regan, owner and managing director of the Lemon Tree – a hotel and restaurant in Wrexham. The city has gained international attention in recent years as the home of the football club with the Hollywood star owners.
The King will attend the Easter Mattins Service at St George’s Chapel, Windsor Castle on Easter Sunday, Buckingham Palace has announced. The Queen and other members of the Royal Family will also attend. In February, he was pictured attending church in Sandringham but it had not been confirmed until now that he would attend the
CCTV video and marine tracking data shows the Dali container ship lose power, adjust its course and start smoking before hitting the Baltimore bridge. The Singapore-flagged container ship left the Port of Baltimore at around 12.45am local time. It’s destination was Colombo in Sri Lanka. In just over four minutes, the vessel changes course, loses
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Smoke billows after Ukraine’s SBU drone strikes a refinery, amid Russia’s attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March 13, 2024. Video Obtained By Reuters | Via Reuters Crude oil futures rose Monday as Ukraine drone strikes disrupt Russian oil refining capacity. The West
SHANGHAI, CHINA – MARCH 21: Tim Cook, chief executive officer of Apple Inc., arrives for opening ceremony of the new Apple Jing’an store on March 21, 2024 in Shanghai, China. The new Apple store opens on March 21 in Shanghai’s Jing’an district. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty
Mar 25, 2024, 08:32 PM Open Extended Reactions England scrum-half Danny Care announced his retirement from international rugby on Monday after winning 101 caps, bringing an end to more than 15 years of service for his country. Earlier this month, the 37-year-old became only the sixth player to play 100 times for England when he
ESPN News Services Mar 25, 2024, 07:33 PM ET Andy Murray will be sidelined for an “extended period,” he posted Monday on social media, after suffering a significant ankle injury during his third-round exit from the Miami Open on Sunday. In what was likely his last ever appearance at the Miami Open, Murray lost to
Elon Musk hands over a Model Y car to a customer during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via Reuters Tesla CEO Elon Musk is now requiring employees to install and show customers how to use the latest version
Associated Press Mar 25, 2024, 04:49 PM ET Open Extended Reactions Oregon State and Washington State have finalized a settlement over financial distributions with the 10 schools leaving the Pac-12. The departing schools will have $5 million withheld during the 2024 fiscal year for a total of $50 million under the deal announced Monday. The
Elon Musk has mandated Tesla employees to install and demo Full Self-Driving Beta for every customer taking delivery in North America. Full Self-Driving (FSD) Beta is a level 2 Advanced Driver Assistance System (ADAS) that automates all aspects of driving on city streets and highways, but it requires the driver’s attention at all times –
In this photo illustration, Anthropic logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted
When David Cameron was prime minister, Oliver Dowden was one of his backroom fixers, first at Tory HQ and then in 10 Downing Street. From his early days as a Tory researcher he’s been known as “Olive” because of an office typo. But it’s a nickname that’s stuck, even now he’s deputy prime minister. Politics
China “state-affiliated actors” have been blamed by the government for two “malicious” cyber attack campaigns in the UK. Making a speech in the Commons, Deputy Prime Minister Oliver Dowden revealed the two incidents involved an attack on the Electoral Commission – responsible for overseeing elections and political finance – in 2021, and targeted attacks against