Cryptocurrency Thefts Surge to $1.38 Billion in First Half of 2024
A new report from blockchain research firm TRM Labs has revealed an alarming rise in cryptocurrency theft, with hackers more than doubling their illicit gains in the first half of 2024 compared to the same period last year. Cryptocurrency criminals have stolen a staggering $1.38 billion so far this year. CNBC Reports The cryptocurrency world […]
$1 billion gift to make medical school free for most Johns Hopkins students
Michael Bloomberg’s $1 billion donation to Johns Hopkins University will make medical school tuition free for nearly all students at his alma mater. The donation was made by Bloomberg Philanthropies. Announced The donation, announced Monday, will cover 100 percent of tuition fees for medical students whose family incomes are under $300,000. It will also cover […]
Tesla investors call for judge to reject $7 billion legal fee in Musk’s pay case
Panelists Al Root and Jack Otter discuss how Tesla shareholders voted to reinstate a roughly $50 billion compensation package on Barron’s Roundtable. Tesla shareholders are due to appear in court in Delaware on Monday to ask a judge to reject the company’s “exorbitant” demand for $7 billion in attorneys’ fees to the lawyers leading the […]
Jeff Bezos Saves $1 Billion in Taxes by Moving to Florida
Amazon founder Jeff Bezos recently relocated to Miami, Florida, to avoid Washington state’s state capital gains tax and save nearly $1 billion in taxes on recent stock sales. CNBC Reports Amazon founder and billionaire Jeff Bezos is once again in the spotlight not only for a massive stock sale, but also for the significant tax […]
NYC hotels are set to take in over $1 billion in taxpayer funds to support migrants: Report
New York Post report New York City hotels will receive more than $1 billion in tax dollars to convert their buildings into migrant shelters. Of the 193 migrant shelters currently in operation in the city, 153, or about 80 percent, are motels, hotels or inns. A May analysis found that the city is paying an […]
Black Lives Matter Activists Executed A Shocking $83 Billion Shakedown Of American Corporations
Estimated Reading Time: 3 minutes The Black Lives Matter (BLM) riots of 2020 were the largest and most successful shakedown in American history. These “mostly peaceful protests” — which burned more than 200 American cities and wreaked more than $2 billion in damages — achieved more than anyone could have predicted: changes in laws, private […]
Church of England Scrambles to Defend £1 Billion for Slavery Reparations
Church of England leaders are scrambling to assure believers that a proposed £1 billion fund for slavery reparations will not be funded from parish donations. Last year the Church of England announced it would set up a £100 million fund for slavery reparations, but has since confirmed plans are underway for a much larger £1 […]
Saks Fifth Avenue parent to buy Neiman Marcus Group for $2.65 billion
Saks Fifth Avenue’s parent company, HBC Announced Thursday The deal to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman, for $2.65 billion. HBC said if the deal closes, it will create Saks Global, which will include Saks Fifth Avenue, Saks Off Fifth, Neiman Marcus and Bergdorf Goodman. Each of the […]
Britain's $33 billion banking app Revolut has swung into profit while still trapped in banking license limbo – Fortune
British banking app Revolut finally turned things around last year after years of losses, nearly doubling revenue to 1.8 billion pounds ($2.27 billion) and posting pre-tax profits of 438 million pounds ($553 million). The news will come as good news to top fintech investors, including Index Ventures, SoftBank Vision Fund 2 and Balderton Capital, which […]
An Essay Inspired by the Happy News that the Human Population Has Reached Eight Billion
Estimated Reading Time: 5 minutes The late, great Julian SimonJulian Simon spent decades battling intellectually against biologists and zoologists who were convinced that human population growth, if governments did not hold it in check with draconian measures, would spell doom for multitudes of humans. (I might as well have used the present tense above, because […]