Fake companies, also known as shell companies, are often used to hide illegal activities. These companies don't do real business. Instead, they are set up to trick the system. They can be used to steal money, avoid taxes, or launder money. In some cases, they are used to win government contracts unf
Germany is making a bold move to boost its power infrastructure. They plan to spend up to 7. 6 billion euros on buying a share in TenneT Germany. This company runs the country's biggest high-voltage power lines, stretching over 14, 000 kilometers. These lines are super important for carrying renewab
The Philadelphia U. S. Mint is about to make history by producing its final circulating penny. This decision comes after President Trump signed off on ending the 1-cent coin due to rising production costs. Making a penny now costs nearly 4 cents, which doesn't make sense economically. Pennies have
The stock market had a good day on Tuesday. The Dow Jones Industrial Average went up by 559 points. This was a big jump, and it even set a new record. The S&P 500 also did well, adding 0. 2% to its value. It was a bit shaky in the morning but recovered later. Not all stocks did well, though. The Na
Sony Pictures Entertainment saw a drop in profits for the second quarter of 2024. Revenues were $2. 3 billion, which is a small decrease of 2% compared to the same time last year. Profits fell by 25% to $93 million, and adjusted OIBDA was down 16% at $183 million. The main reason for this drop is th
Netflix is shelling out big bucks to Sony for the hit movie KPop Demon Hunters. The streaming giant gave Sony a $15 million bonus on top of the original $25 million deal. This brings the total payout to $40 million for the first film. The original deal included a $20 million fee plus $5 million for
The PlayStation Portal just got a big upgrade, and it's not just about looks. Now, you can stream your PS5 games straight to the device, no console needed. This feature is live now, but only if you're a PS Plus Premium subscriber. That means you can tap into over 2, 800 PS5 games, including hundreds
Ripple, a big name in digital money, just got a huge boost. They raised $500 million, making them worth $40 billion. This isn't just about money, though. It's about growing and getting better. Ripple isn't just about payments anymore. They're doing more, like keeping digital money safe and helping
Two game studios, both backed by NetEase, are at a crossroads. T-Minus Zero Entertainment is making a comeback, while Fantastic Pixel Castle is preparing to shut down. T-Minus Zero Entertainment has been reborn as an independent company. A small team of experienced directors and founders has taken
A public company, TON Strategy, recently faced a warning from Nasdaq for breaking rules about getting shareholder approval. They raised over $500 million by selling shares privately to buy a lot of Toncoin, a cryptocurrency linked to Telegram. Nasdaq didn't punish them severely because it seemed lik
