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INSANE: 20 | Rare Historical Photos

Sam Bankman-Fried loses bid to overturn crypto fraud conviction

Sam Bankman-Fried's bid to overturn his fraud conviction and 25-year prison sentence has failed. The appeals court found prosecutors' evidence robust. Bankman-Fried used FTX customer funds for personal expenses. He was found guilty of stealing $8 billion. He is eligible for release in 2044. He is also seeking a presidential…

The Economic Times

Never Co-Sign This, Financial Advisors Warn

A simple signature can turn into one of the most expensive favors a person ever makes. Financial advisors regularly caution clients about co-signing loans because the risks often outweigh the rewards. While helping a friend, child, sibling, or romantic partner may seem like the right thing to do, co-signing creates…

Clever Dude

'Before I Even Drove A Mile': Woman Pays Kia Dealership $3,299 To Fix Alternator. Then She Tries To Drive Off The Lot

"They test drove it."

Motor1

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TJX: Retail’s Apex Predator Feasts on Inflation

TJX Companies leverages macroeconomic pressure to expand margins and deliver substantial shareholder returns through aggressive buybacks and consistent dividends.

MarketBeat

Facebook and Instagram were down — live updates on outage hitting Meta services

Facebook, Instagram and other Meta services aren't working for people all around the internet.

Tom’s Guide

Anthropic suspends top AI models after US order

Anthropic has suspended its powerful new AI models after US government authorities raised security concerns.

AAP

The SpaceX IPO made Musk a trillionaire. The old rules of capitalism no longer apply

The economic principles taught in school aren’t as relevant as hype, connections and total, arbitrary control

The Guardian - US

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Large Libel Models Ruling in Germany, Allowing Liability Against Google AI

From Matthias Bastian (The Decoder) Tuesday: Landmark German ruling declares Google's AI Overviews are Google's own words and makes it… The post Large Libel Models Ruling in Germany, Allowing Liability Against Google AI appeared first on Reason.com.

Reason

US justice department approves $111bn merger of Paramount and Warner Bros Discovery

Deal still under UK scrutiny with new investigation, and could face lawsuit from state attorneys general

The Guardian - US

Anthropic disables Fable and Mythos AI models after U.S. government bars it from giving foreigners access

The directive would even bar Anthropic's own foreign employees from using Fable and Mythos. Anthropic called the government position "a misunderstanding".

Fortune

US orders shutdown of Anthropic’s Fable 5, Mythos 5 over security concerns

The US government has ordered Anthropic to halt access for foreign nationals to its Fable 5 and Mythos 5 artificial intelligence models. This directive stems from national security concerns. Anthropic believes there may be a misunderstanding and is working to restore access. Other Anthropic models remain unaffected by this order.

The Economic Times

A coalition sues to block Kentucky's new 14.25% prediction markets tax

A coalition including Kalshi, Crypto

AAP

Business Inflation Jumps To Highest Level Since 2022 As Iran War Drives Up Energy Costs

Higher fuel costs linked to the Iran conflict pushed producer prices sharply higher in May, adding pressure across the U.S. economy.

International Business Times

US district court rejects patent claims against Hexaware Technologies

A US district court dismissed patent infringement claims against Hexaware Technologies, ruling that Natsoft Corporation's asserted patents covered abstract ideas, not concrete inventions, and were thus ineligible for protection. Hexaware stated the ruling validated its confidence in its proprietary platforms, developed through its own engineering efforts.

The Economic Times

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Bangkok Post

US clears Paramount's $111 bn Warner Bros. takeover

LOS ANGELES (UNITED STATES) - The US Justice Department on Friday cleared Paramount Skydance's $111 billion takeover of Warner Bros. Discovery, handing a major win to a media empire financed by one of President Donald Trump's closest billionaire allies.

AAP

Paramount Skydance merger with Warner Bros. Discovery won't harm competition, consumers, DOJ says

The U.S. Justice Department has determined that Paramount Skydance's proposed acquisition of Warner Bros

Barchart

McDonald’s Is Letting AI Take Your Orders Again. A Million Orders Later, the Results Look Promising.

Despite some customer pushback, McDonald's management seems adamant to implement AI in the order-taking process.

International Business Times

ChatGPT Reaches 1 Billion Monthly App Users As AI's Role In Society Continues To Grow

OpenAI's ChatGPT reached one billion monthly active app users in May, marking a new milestone for consumer technology adoption.

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Barchart

How Is PulteGroup’s Stock Performance Compared to Other Homebuilder Stocks?

Despite un derperforming its homebuilding peers over the past year, PulteGroup continues to garner a cautiously bullish outlook from Wall Street analysts.

Barchart

Equity Residential Stock: Is EQR Underperforming the Real Estate Sector?

Equity Residential has underperformed the broader real estate sector over the past year, and analysts are cautiously bullish about the stock’s future prospects.

The Free Financial Advisor

Social Security Statements Are Showing Incorrect Benefit Estimates — Here’s What to Check

Social Security statements play a major role in shaping retirement expectations, yet many people now notice that the numbers do not always line up with reality. These estimates influence major decisions like when to retire, how much to save, and whether to delay benefits. When those figures drift off track,…

AAP

Bankman-Fried loses bid to overturn crypto fraud ruling

A three-judge panel has rejected Sam Bankman-Fried's bid to overturn his 25-year prison sentence over the collapse of the FTX cryptocurrency exchange.

International Business Times UK

Bitcoin Used as Collateral to Buy a $4.2M Home: Fannie Mae-Backed Deal Closed in Just 23 Days

A $4.2M Florida home became the first with a Bitcoin-backed mortgage, combining crypto and Fannie Mae, which was closed in just 23 days.

The Guardian - US

After SpaceX’s huge IPO, Americans’ financial future will be bound to AI

They’re about to get more AI rammed down their throats, stuck into their pension plans and investment portfolios

Fortune

Bank of America told investors to 'take profits.' Then the Nasdaq fell 7%

Days before the worst chip rout since 2020, BofA warned that seven warning lights were flashing.

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