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Business

“George Soros Fund Buys $400 Million Stake In 227 US Radio Stations Going Into 2024 Election”

“Billionaire hedge fund manager George Soros has been the target of controversy recently after a recent move to become a controlling shareholder in the second-largest owner of radio stations in the U.S. This isn’t the first media brand Soros has… Continue Reading…

Business

“Mike Lynch-backed legal tech startup Luminance raises $40 million, capitalizing on AI hype”

“Legal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence… Luminance said its annual recurring revenue jumped roughly fivefold in the past… Continue Reading…

Stocks

“Trump Media stock closes 21% lower after company reports $58 million loss for 2023”

“The share price of Trump Media closed trading 21.47% lower on Monday, hours after the social media app company tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023. Trump Media & Technology Group shares plunged… Continue Reading…

Economy

“Biden okays $60 million in aid after Baltimore bridge collapse as governor warns of ‘very long road ahead’”

“Maryland Gov. Wes Moore warned Thursday of a “very long road ahead” to recover from the loss of Baltimore’s Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse… The sudden… Continue Reading…

Business

“Feds seek seizure of two New York apartments worth $14 million tied to former Mongolia leader in alleged mining scheme”

“Federal prosecutors on Tuesday sued to seize two New York City apartments worth $14 million that were allegedly bought with proceeds from a corrupt scheme involving Mongolia’s huge copper mine, a former prime minister of that nation, and his Harvard… Continue Reading…

Banking, Business

“JPMorgan fined nearly $350 million for inadequate trade reporting”

“…JPMorgan Chase & Co has been fined $348.2 million by a pair of U.S. bank regulators over its inadequate program to monitor firm and client trading activities for market misconduct, the Federal Reserve announced on Thursday… In a separate announcement, the… Continue Reading…

Economy

“America’s $125 MILLION ‘guaranteed income’ giveaway: Huge rise in taxpayer-funded programs offering no-string handouts of up to $36,000 – including D.C. scheme used by mom to buy $6K luxury Miami vacation”

“Taxpayer-funded ‘guaranteed income’ programs that hand struggling families up to $36,000 with no strings attached are being rolled out across the country, DailyMail.com analysis reveals. The schemes, whose total value exceeds $125 million, have surged in popularity since the pandemic as… Continue Reading…

Business, Real Estate

“London’s famed BT Tower sold to U.S. hotel group for $347 million”

“British telecoms group BT said Wednesday it had agreed to sell London’s iconic BT Tower — once an important piece of network infrastructure — to developer MCR Hotels for £275 million ($346.6 million). The 189-meter (620-foot) structure has loomed over the capital… Continue Reading…

Business, Stocks

“Cathie Wood’s Fund Suffers $473 Million Hit From 2 Ugly Stocks”

“…The result? Pain. ARK Innovation posted a negative 11.6% total return this year so far, says Morningstar Direct. That makes it the fourth worst-performing actively traded U.S. diversified ETF this year. Even behind rival funds from T. Rowe Price (TROW) and Fidelity.… Continue Reading…

Business

“Crypto entrepreneur charged with defrauding investors out of $150 million through marketing scheme”

“Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme. Prosecutors said Horst Jicha promoted USI Tech, the company he founded and helmed as its CEO, as a crypto mining and… Continue Reading…