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Trump media venture eyed by regulators; names Nunes CEO
NEW YORK (AP) ??" Regulators are looking into the deal that would bring Donald Trump's new social media company to the stock market, one that has attracted both legions of fans of the former president and people looking to make a quick profit.The company partnering with Trump Media & Technology Group acknowledged the inquiries in a filing it made with regulators on Monday. It also gave some financial forecasts for the company, which wants to rival Twitter and other platforms that banned Trump after the Jan. 6 Capitol riots, along with Netflix and other streaming video services... Read More
Bitcoin trial: Defendant wins dispute over $50B in Bitcoin
NEW YORK (AP) ??" Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions.A Florida jury found that Wright did not owe half of 1.1 million Bitcoin to the family of David Kleiman. The jury did award $100 million in intellectual property rights to a joint venture between the two men, a fraction of what Kleiman's lawyers were asking for at trial.
"This was a tremendous victory for... Read More
Toyota to build $1.3B battery plant near Greensboro, NC
RALEIGH, N.C. (AP) ??" Toyota announced on Monday that it plans to build a $1.3 billion electric vehicle battery plant near Greensboro, North Carolina, that will employ at least 1,750 people and help meet the auto giant's growing goals of electric vehicle sales this decade.Company leaders joint Gov. Roy Cooper and other elected and economic-development officials gathered to unveil the project on hundreds of acres at the Greensboro-Randolph Megasite in Liberty, about 70 miles (113 kilometers) west of Raleigh.
Initially, Toyota will or could receive well over $430... Read More
Dems: Discovery, AT&T merger will hurt diversity, workers
House Democrats are raising concerns that the proposed merger of Discovery and AT&T's WarnerMedia, a $43 billion effort to conquer the world of streaming, could affect diversity efforts in Hollywood and particularly hurt Latinos, who are already deeply underrepresented.The Democrats, led by Rep. Joaquin Castro of Texas, wrote a letter to the Justice Department on Monday asking it to consider whether the merger will hurt competition and workers and diversity efforts in the entertainment industry.
Castro has long championed diversity in media, which can include... Read More
Stocks rise broadly on Wall Street, travel companies rebound
Stocks rose broadly on Wall Street Monday, nearly reversing the S&P 500's losses from last week, when jitters over a new coronavirus variant roiled markets.The benchmark index rose 1.2%. More than 85% of stocks in the index gained ground, with technology companies and banks accounting for a large slice of the gains. The rally also included airlines, cruise lines and other travel-related companies that stand to benefit from the economy staying clear of more pandemic-related restrictions.
The Dow Jones Industrial Average rose 1.9%, while the Nasdaq composite gained 0.9%... Read More
Top Stories in Business/Finance
- Trump media venture eyed by regulators; names Nunes CEO
- Bitcoin trial: Defendant wins dispute over $50B in Bitcoin
- Toyota to build $1.3B battery plant near Greensboro, NC
- Dems: Discovery, AT&T merger will hurt diversity, workers
- Exxon Mobil rolls out plan to cut emissions in Permian Basin
- Stocks rise broadly on Wall Street, travel companies rebound
- Scientists slam German tabloid's pandemic coverage
- ArtPlace America shows why culture matters to communities
- Hedge fund founder Steinhardt will return looted antiquities
- DoorDash employs full-time workers for fast delivery in NYC
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