Intel cuts whopping 15K jobs, posts $1.6B loss just months after getting Biden funds
Chipmaker Intel is cutting 15% of its vast workforce, or about 15,000 jobs, as it tries to restructure its business to compete with more successful rivals such as Nvidia and AMD. Intel CEO Pat Gelsinger said in a memo to employees on Thursday that the company plans to cut costs by $10 billion in 2025. […]
Former leader of San Francisco nonprofit arrested for alleged misuse of taxpayer funds on parties, trips
Following a months-long investigation, the former executive director of a now-disbanded San Francisco nonprofit was arrested Tuesday on dozens of felony charges for allegedly misusing more than $700,000 in public funds, the San Francisco District Attorney’s Office announced. Kayla Worthy, of Richmond, California, was charged with embezzlement of public funds, grand theft by embezzlement, filing […]
Trump Files Complaint over Transfer of Biden Campaign Funds to Harris
The Trump campaign has filed a complaint about millions of dollars in President Joe Biden’s campaign funds being sent to Vice President Kamala Harris’ presidential campaign. Former President Donald Trump’s campaign filed a complaint with the Federal Election Commission (FEC) alleging that $96 million had been stored in Biden campaign accounts. Transferred According to Bloomberg […]
Congress Headed For Showdown Over Ukraine, Israel Funds As Massie And Greene Say ‘NO’ To All
Estimated Reading Time: < 1 minute House Republican opposition to Ukraine funding – a large part of why Kevin McCarthy was ousted by the Freedom Caucus – is solidifying under newly crowned Speaker Mike Johnson, who hand-delivered a report to President Biden with a list of demands. In particular, the list – written by Rep. Mike […]
Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds – CNBC
The regulator did not immediately respond to CNBC’s request for comment on Monday. The agency approved rule changes in May to allow exchanges to list ethereum funds. Among the firms that have been racing to launch Ethereum funds are large asset managers such as BlackRock, Fidelity and VanEck, along with crypto-focused firms such as Bitwise, […]
Can Harris use Biden’s campaign funds? And is she eligible to appear on general election ballot?
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Ether ETFs are coming. Here's how Wall Street says the funds will impact the world's 2nd-biggest crypto. – Markets Insider
The spot Ethereum ETF could reportedly launch as early as July 22. Wall Street analysts are divided on how this will affect Ethereum. Most are keeping an eye on the inflows into the new ETF to determine what impact it will have on Ethereum price. Thank you for your registration! Access your favorite topics on […]
Biden Admin Threatens COVID Funds over Arizona’s School Mask Mandate Ban
Estimated Reading Time: 2 minutes Arizona has two months to let schools force mask mandates or risk losing its share of COVID-19 aid from the federal government. In a letter from the U.S. Treasury Department sent to Gov. Doug Ducey’s office Friday, the Treasury reiterated its position stated in October 2021, warning that the state […]
Archegos founder Bill Hwang convicted at criminal trial over $36B fund’s collapse
Archegos Capital Management founder Sung-Kook “Bill” Hwang was convicted by a jury in a criminal trial in Manhattan federal court on Wednesday after prosecutors accused him of manipulating markets ahead of the 2021 collapse of his $36 billion private investment firm. Jurors began deliberations Tuesday morning, a day after closing arguments in the trial of […]
Feds unlikely to claw back Washington’s $1.1 billion in mishandled funds: Auditors
(The Center Square) – Despite a recent audit finding Washington state agencies mishandling more than $1 billion in federal COVID-19 aid, the State Auditor’s Office says it’s not common for federal departments to demand those tax dollars back from the state. A recent report from the SAO found a record 86 issues with how 11 state agencies […]