Oracle shares drop 12% over AI concerns, Larry Ellison loses $34 billion in net worth
Oracle Stock Dips Amid AI Spending Concerns On Thursday, Oracle’s stock experienced a notable drop of over 12%. This plunge seems largely tied to rising worries regarding the company’s substantial investments in artificial intelligence, which have impacted co-founder Larry Ellison’s wealth by more than $30 billion. Shares of the Texas-based tech firm fell from an […]
Trump administration halts $1 billion in fraudulent student aid activities
The Department of Education has successfully prevented over $1 billion in fraud related to student loans during the first year of President Donald Trump’s administration. This effort involved thwarting attempts by suspected bots and fraudulent “ghost students” from acquiring taxpayer-funded loans, according to information obtained by Fox News Digital. Authorities attributed these savings to new […]
Do Kwon, the creator of TerraUSD, faces sentencing for the $40 billion cryptocurrency failure
Do Kwon to be Sentenced for Crypto Fraud NEW YORK, Dec 11 – Do Kwon, a cryptocurrency entrepreneur from South Korea, is set to be sentenced on Thursday in federal court in New York. He faces charges of fraud and conspiracy relating to two digital currencies that reportedly lost about $40 billion in 2022. The […]
Nvidia and Palantir Are Causing a Stir on Wall Street With This $12.6 Billion Alert for 2026
One of the biggest concerns for Wall Street’s AI enthusiasts might actually come from within the industry itself. For nearly three years, no trend on Wall Street has attracted as much attention and investment as artificial intelligence (AI). The idea that software and systems can make quick decisions and enhance efficiency over time without human […]
Stephen Colbert claims that Paramount’s $108 billion offer for Warner Bros shows they can rescue ‘The Late Show’
Colbert Calls for Paramount to Save His Show Stephen Colbert received applause from the audience during his show on Tuesday night as he suggested that his network should be able to fund his program if it could raise enough cash to launch a hostile takeover of another media entity. Currently, there’s quite a bidding competition […]
Legislature greenlights $900 billion defense bill
National Defense Authorization Act Passed by House The House of Representatives approved the National Defense Authorization Act (NDAA) for fiscal year 2026 on December 10, 2025. This annual defense bill emphasizes a budget of $900.6 billion, which includes a 4% pay increase for service members, supports advancements in technology like the Golden Dome defense system, […]
New York’s influential 1199 SEIU union is reportedly gaining from Governor Hochul’s purportedly manipulated overhaul of the $11 billion Medicaid program.
ALBANY – Union Profits from New York’s Home Health Medicaid Overhaul New York’s influential 1199 SEIU union appears to be reaping benefits from Governor Kathy Hochul’s overhaul of the state’s $11 billion home health Medicaid program, which has come under fire for alleged fraud, according to reports. Labor organizations are beginning initiatives to unionize hundreds […]
House approves $901 billion defense bill with support from both parties
House Passes Defense Authorization Bill The House of Representatives approved the defense authorization bill on Wednesday, moving it to the Senate for further consideration. The vote concluded with a tally of 312-112, where 18 Republicans and 94 Democrats opposed the measure which allows for $901 billion in funding for the Department of the Army. A […]
Colbert laughs that Paramount’s $108 billion takeover offer might save his show instead.
Colbert Comments on Warner Bros. Bidding Wars During a recent episode of “The Late Show,” Stephen Colbert captivated the audience with his take on the ongoing bidding war for Warner Bros. Discovery. He humorously suggested that if his network could gather enough funds, they might even attempt a hostile takeover of another media company. The […]
Microsoft Invests $17.5 Billion in India While Cutting American Jobs and Bringing in H-1B Visa Workers
Microsoft’s $17.5 Billion Investment in India Microsoft has unveiled a plan to invest $17.5 billion in India over the next four years, targeting the country’s rapidly expanding data center market. This decision puts the tech giant alongside others like Google and Amazon Web Services, who are also looking to leverage India’s growth in this sector. […]