The Trump family's financial portfolio has taken a serious hit, losing about $1 billion in recent months. This drop is largely due to the declining value of cryptocurrencies, which the family has heavily invested in. According to Bloomberg News, their net worth has gone from $7. 7 billion to $6. 7 billion since September. One of the biggest losses came from Trump Me...
In the world of digital money, some companies bet big on Ethereum. One such company, BitMine, aimed to own a big chunk of Ethereum, thinking it was a safe bet. But now, Ethereum's value has dropped a lot, and BitMine is facing huge losses. This isn't just a problem for BitMine; it's a sign of bigger issues in the world of companies that invest in digital money. BitM...
The crypto world is buzzing with talk of lawsuits after a massive market crash wiped out $600 billion in just half an hour. This sudden drop left many investors reeling, with 1. 7 million wallets facing forced liquidations. In the aftermath, some are considering legal action against centralized exchanges (CEXs). Victims are gathering online to discuss their options....
A rock band's reunion tour turned into a nightmare when things got too heated on stage. Jane's Addiction, a legendary alt-rock band, is now split up because of a fight between band members. Dave Navarro, Eric Avery, and Stephen Perkins have taken legal action against their frontman, Perry Farrell. They say he attacked Navarro during a concert in Boston. This fight en...
In China, older adults are increasingly falling prey to online health scams. These scams are causing serious financial damage. This is a big deal. It's important to understand why this is happening and how to stop it. To do this, researchers are using a theory called Routine Activity Theory (RAT). This theory helps explain why certain people become victims of crime. ...
Burberry, the famous British fashion brand known for its iconic check pattern, is making significant changes. The company plans to cut around 1, 700 jobs by 2027. This move is part of a broader strategy to reduce costs. The news came out on a Wednesday, when the company also reported a £66 million loss for the previous financial year. The job cuts will affect nearly ...
Scammers are having a field day. In 2024, the U. S. Federal Trade Commission (FTC) received 2. 6 million reports of fraud. The total losses? A staggering $12. 5 billion. This is a huge increase from the $2. 5 billion lost in 2023. The most common way people lost money was through social media. Scammers are impersonating romantic interests, family members, government ...
Jennifer Rubin, a well-known columnist at The Washington Post, has decided to leave the newspaper. She's joining a new startup, but not without some harsh words for the paper's owner, Jeff Bezos. Rubin feels that big media owners like Bezos have let down their readers by trying to play nice with politicians, which isn't what journalism should be about. The Washingto...
Japanese car maker Nissan has given its management team a big shakeup. Jeremie Papin, who was in charge of Nissan's U. S. operations, is now the new chief financial officer. This change comes after Nissan had a tough quarter, losing money and seeing sales drop. Papin has a lot of experience, which Nissan hopes will help turn things around. Stephen Ma, who was the ch...
Intel has seen some big changes just recently. The company's long-time CEO, Pat Gelsinger, has left the scene after over 40 years. A surprise announcement came this Monday, naming two other executives, David Zinsner and Michelle Johnston Holthaus, as temporary co-CEOs while they look for a new leader. This change comes as Intel faces tough times, especially since the...