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Business, Cryptocurrencies

“Former FTX executive jailed for participating in ‘biggest financial scam of all time’”

“A former top executive of fraudulent cryptocurrency empire FTX has been jailed for two years after apologising for her role in one of the biggest financial scams of all time… Ellison, who turned on Bankman-Fried and served as the case’s star witness,… Continue Reading…

Economy, Personal Finance

“40% of workers are behind on retirement planning. Not saving earlier was the biggest mistake”

“…In fact, 4 in 10 American workers — 40% — are behind on retirement planning and savings, largely due to debt, insufficient income or getting a late start, according to a new CNBC survey, which polled more than 6,600 U.S. adults in early August. Older… Continue Reading…

Stocks

“Tesla shares close down 12% after earnings miss for biggest slump since 2020”

“…The stock closed down 12% on Wednesday at $215.99. It’s now down 13% for the year, while the Nasdaq is up 16% over that stretch. Tesla on Tuesday said auto revenue declined 7% from a year earlier to $19.9 billion while margins… Continue Reading…

Business

“Nearly 10 billion passwords leaked in what may be biggest dataset of its kind ever”

“A file containing about 10 billion individual passwords was posted on an online hacking forum in what could be the largest such compilation of leaked passwords ever. The file was posted on July 4, and contains passwords compromised in both… Continue Reading…

Economy

“54% of young Americans say food costs are the biggest strain on their finances”

“Younger Americans are feeling the pinch from inflation, with 54% saying that rising food costs have hit them the hardest. The findings are part of a recent CNBC/Generation Lab survey that polled 1,033 people between the ages of 18 and 34. When asked… Continue Reading…

Business

“Apple loses mantle as world’s biggest phone seller to Samsung as China sales drop”

“Apple has lost its spot as the world’s biggest mobile phone seller after a steep sales drop as South Korean rival Samsung retook the lead in the global market share. Samsung had been the biggest seller of mobile phones for 12 years… Continue Reading…

Real Estate

“Renting is now cheaper than owning in all of America’s 50 biggest metro areas”

“Thanks to rising home prices and elevated mortgage rates, it’s now cheaper to rent than it is to buy a home in all of America’s biggest metropolitan areas, according to a new report by Realtor.com. In its February monthly rent… Continue Reading…

Stocks

“The Biggest Loser in the “Magnificent Seven” Could Soar 1,140%, According to Cathie Wood’s Ark Invest”

“…Tesla stock is now trading 57% below its all-time high. The company is suffering from a slowdown in electric vehicle sales — where it generates most of its revenue — which is forcing investors to adjust their growth expectations for… Continue Reading…

Business

“Burger King owner will buy out its biggest franchisee in US for about $1 billion”

“The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion and will renovate hundreds of its locations. Restaurant Brands International Inc. will acquire all of the issued and outstanding shares of… Continue Reading…

Economy

“Pepsi, Lay’s dropped by one of the world’s biggest grocers over price hikes”

“France-based Carrefour, one of the world’s largest grocery chains, told customers Thursday it is pulling Lay’s, Doritos, Lipton teas and other PepsiCo products in protest of increased prices. Stores in France, Italy, Belgium and Spain will be affected, multiple news… Continue Reading…