Apollo-Sony bid for Paramount could face antitrust hurdles from feds: sources
Apollo Global Management and Sony’s proposed takeover of Paramount Global Inc. faces significant hurdles in passing through Democratic-led federal regulators amid antitrust concerns, the company learned. Paramount, which closed exclusive merger talks with Skydance Media last Friday, owns the CBS network, its Hollywood studios and 28 local stations, including 17 CBS affiliates in markets such […]
Fed’s Williams says next move likely to lower rates, but timing uncertain
Jim Grant, founder and editor of the Grant Interest Rate Observer, discusses the financial uncertainty facing the Federal Reserve on “Maria Bartiromo’s Wall Street.” federal reserve Bank of New York President John Williams said Monday that the central bank’s next action would likely be to cut interest rates, but he did not say when. “Eventually […]
Robinhood warns feds could penalize firm over crypto tokens traded on platform
Retail trading platform Robinhood Markets announced on Monday that it received an enforcement action notice from the Securities and Exchange Commission on May 4 over crypto tokens traded on its platform. The company said it had received a so-called “wells notice,” which the SEC issues when it plans to take enforcement action against a company. […]
‘Bitcoin Jesus’ Allegedly Evaded Nearly $50 Million In Taxes, Feds Say
Roger Ver, known by his moniker “Bitcoin Jesus,” was arrested in Spain after allegedly engaging in tax evasion, mail fraud, and filing false tax returns, the Department of Justice (DOJ) announced Wednesday. Ver allegedly cheated the Internal Revenue Service (IRS) of at least $48 million by undervaluing his companies and falsely stating that he did […]
Did ‘Diddy’ snitch to the feds?
‘Takedown with Chris Hansen’ host Chris Hansen joins ‘Jesse Watters Primetime’ to discuss whether Sean ‘Diddy’ Combs will … source
Feds probing financial transactions at Jack Dorsey’s Square, Cash App: report
NBC News reported Wednesday that U.S. prosecutors are investigating financial transactions on the Jack Dorsey block, citing two people with direct knowledge of the matter. NBC reported Federal prosecutors said they were in talks with former employees who were accused of widespread compliance violations at the company’s two major divisions, Square and Cash App. Areas […]
Dolton, Ill. ‘super mayor’ Tiffany Henyard subpoenaed by feds
Federal authorities have launched a criminal investigation into Tiffany Henyard, the mayor of the embattled Chicago suburb, and last week issued a subpoena to the self-styled “super mayor” demanding extensive business records and financial reports. did. FBI agents served the subpoena on Friday at the Thorntown Township Hall to Mr. Henyard, who serves as both […]
Crew of NY specs offenders uses stolen bank accounts to buy thousands worth of eyeglasses: feds
Federal authorities saw through the scam. Federal prosecutors in Brooklyn say a gang of credit card fraudsters charged thousands of dollars to stolen accounts to buy high-end glasses that they sold for a profit. Last week, three reputed gang members were arrested by the Federal Bureau of Investigation on six charges detailing alleged fraud carried […]
Feds investigating Ford Mustang Mach-E hands-free tech after fatal crashes
National transportation expert Mike Caudill explains the history of the Ford Mustang and reveals the automaker’s future plans on “The Big Money Show.” The National Highway Traffic Safety Administration (NHTSA) has launched an investigation into Ford’s Blue Cruise hands-free driving technology following two fatal crashes involving the Mustang Mach-E electric SUV. The agency’s investigation will […]
Feds probing 130K Ford Mustang Mach-E cars after crashes involving hands-free tech
The National Highway Traffic Safety Administration announced Monday that it is launching an investigation into Ford Motor Co.’s BlueCruise hands-free driving technology after two fatal crashes in which Mustang Mach-E SUVs collided with parked vehicles. . agency’s Prior evaluation Introducing 130,000 2021-2024 Ford Mustang Mach-E vehicles is the first step in determining whether the vehicle […]