Business
• Business • Views: 424
American Bitcoin Corp shares of Eric Trump plunge over 50% in 30 minutes amid sharp crypto market crash
Shares of American Bitcoin Corp (ABTC), owned by Eric Trump — son of the former U.S. president — suffered a dramatic collapse on Tuesday, dropping more than 50% in just half an hour, triggering several automatic trading halts.
• Business • Views: 384
Reuters: ExxonMobil seeks to buy Lukoil’s stake in major Iraqi oil field
U.S. energy giant ExxonMobil has notified Iraq’s Ministry of Oil that it wants to purchase Lukoil’s controlling stake in the West Qurna-2 oil field — Russia’s largest overseas project — according to Iraqi officials cited by Reuters.
• Business • Views: 442
Lebanese bank SGBL sued in U.S. after allegedly issuing checks it “knew could not be honored” amid Lebanon’s financial collapse
Société Générale de Banque au Liban, a leading lender in the Middle East, is confronting a civil lawsuit in the U.S. for its refusal to cash a check owed to a Lebanese-American businessman.
• Business • Views: 522
NYC’s socialist council pushes COPA takeover: Owners forced to offer buildings to nonprofits — or pay $30,000
The City Council’s far-left majority is pushing the Big Apple into a “communist dystopia” with Stalinesque legislation designed to control how private property is sold — and penalizing owners $30,000 if they resist.
• Business • Views: 475
NYC’s ‘Bernie Madoff of landlords’ Steve Croman faces foreclosure on 35 Manhattan buildings after defaulting on $170 million in loans
New York City’s "Bernie Madoff of landlords" has defaulted on nearly $170 million in loans and is facing foreclosure on approximately 35 Manhattan properties, according to new court records.
• Business • Views: 626
Connecticut tow companies rigged car values to seize and flip vehicles for pennies, investigation finds
Connecticut towing companies exploited legal loopholes to seize and sell cars, including luxury vehicles, for far below market value — often without owners’ knowledge
• Business • Views: 628
13 Italian pasta brands could vanish from U.S. shelves as 107% tariffs hit
Thirteen Italian pasta brands could pull their products from American grocery store shelves or hike prices as soon as January, when punishing 107% tariffs are set to take effect.
• Business • Views: 654
Nancy Pelosi’s family amassed $133 million in stock gains while she served in Congress, outperforming markets by 700%
Former House Speaker Nancy Pelosi and her husband earned at least $130 million in stock profits during the California Democrat’s 37 years in Congress — an astounding return of 16,930%.
• Business • Views: 482
Arizona residents outraged after 89% property tax hike to fund $80M high school football dome
Residents of an Arizona city are upset, claiming they unknowingly agreed to an 89 percent property tax increase to fund an $80 million high school football stadium.
• Business • Views: 428
U.S. debt hits record $38T as GOP lawmakers stay silent after backing Trump’s $2.4T tax cuts
As the national debt hit a record $38 trillion this week – rising by $1 trillion faster than ever outside the pandemic – many Republican lawmakers who once decried spending stayed silent, something the progressive news outlet The Tennessee Holler promptly mocked them over.
• Business • Views: 498
Billionaire heir Timothy Mellon revealed as mystery donor who gave $130M to pay U.S. troops
Billionaire businessman Timothy Mellon – scion of the famed American banking family – is the deep-pocketed donor who gave $130 million to pay US troops during the government shutdown.
• Business • Views: 519
France investigates Binance over money laundering suspicions
French regulators have launched large-scale inspections of cryptocurrency companies as part of efforts to combat money laundering.
• Business • Views: 572
The Trump family has already made over a billion dollars from the crypto industry
The family of U.S. President Donald Trump has earned over one billion dollars from cryptocurrency projects, including the DeFi platform World Liberty Financial and the meme coins TRUMP and MELANIA.
• Business • Views: 402
Florida charter jet firm Verijet files for bankruptcy, cancels all flights — owes up to $50M
Verijet, a Florida-based charter operator, has filed for bankruptcy and canceled all flights, according to documents obtained and shared by Private Jet Card Comparisons.
• Business • Views: 651
JPMorgan chase launches $10 Billion, 10-Year plan to boost U.S. strategic industries
JPMorgan Chase will invest $10 billion over 10 years in U.S. companies critical to defense, AI, energy, and manufacturing. The initiative aims to strengthen national security and reduce reliance on foreign sources.
• Business • Views: 646
David Bren’s “Bunker” club turns out to be a luxury investment scam
David Bren promised investors an ultra-luxury car club with high membership fees, but the project never materialized, leaving many with huge financial losses. Lawsuits allege he misappropriated funds to support his lavish lifestyle.
• Business • Views: 538
SEC struggles to serve Gautam and Sagar Adani in $265M U.S. bribery case
The U.S. SEC reports difficulty serving summons to Gautam Adani and his nephew in a $265 million bribery case linked to renewable energy contracts in India. The case alleges massive bribes and misleading bond documents, while diplomatic and procedural hurdles delay proceedings.
• Business • Views: 408
Elon Musk’s SpaceX reportedly received funds directly from Chinese investors
Elon Musk’s SpaceX has received funds directly from Chinese investors, according to previously sealed testimony, raising new questions about foreign ownership interests in one of the United States’ most significant military contractors.
• Business • Views: 448
Elon Musk’s Boring Company faces allegations of nearly 800 environmental violations tied to Las Vegas project
Nevada regulators have accused Elon Musk’s Boring Company of nearly 800 environmental violations over its Las Vegas tunnel project. The infractions allegedly include unapproved digging, water discharge onto streets, and material spills from trucks.
• Business • Views: 577
San Diego secures hundreds of millions for convention center project — but expansion isn’t included
After two decades of unsuccessful efforts in gathering signatures, court battles, and legally questionable attempts to raise hotel-room taxes, the city of San Diego has finally secured hundreds of millions of dollars for the long-planned expansion of the San Diego Convention Center.
• Business • Views: 421
Neil Young criticizes Jeff Bezos and Donald Trump in fiery rant, pulls music from Amazon
Neil Young slams Jeff Bezos and Amazon for “selling out America,” announcing he’s removing his music from the platform.
• Business • Views: 370
Employees are required to scan eyes to access top bank’s new $3 billion headquarters
JPMorgan Chase has told staff to hand over their biometric data if they want to enter the bank’s new multi-billion-dollar headquarters, despite previously telling them it was optional.
• Business • Views: 526
Trump administration fires 4,000+ federal workers amid shutdown — Treasury, HHS hit hardest
The Trump administration disclosed in a court filing that over 4,000 federal employees were dismissed on Friday due to the ongoing partial government shutdown.
• Business • Views: 596
UPS is ’getting rid of’ U.S.-bound packages due to issues with customs paperwork
Thousands of packages destined for the U.S. and shipped by UPS are stuck at hubs throughout the country, struggling to navigate the new customs regulations implemented by the Trump administration.
• Business • Views: 438
Leaked documents expose Barzani brothers’ $100 million U.S. property empire and secret business network
The five sons of Iraqi Kurdistan’s founding president acquired real estate across the United States and went on luxury shopping sprees.
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