Investigation links illicit billions to crypto exchanges

 

As crypto goes mainstream, at least $28 billion linked to crime flowed into major exchanges over the past two years, an investigation by The New York Times, ICIJ and partners found. Funds from North Korean hackers and scammers worldwide repeatedly landed on platforms including Binance and OKX, even after high‑profile...

FAA lifts flight limits after shutdown

 

Federal aviation officials on Sunday lifted flight restrictions at 40 major airports imposed during the record shutdown, allowing airlines to resume normal schedules Monday at 6 a.m. EST. The FAA, citing improved staffing and safety trends, said cancellations fell to under 1% this weekend after a Nov. 9 peak with...

Prediction markets boom amid legal and cultural debate

 

Prediction markets are drawing millions, from livestreamer Joel Holsinger, who quit his job and says he nets about $3,000 a week on Kalshi, to investors backing rivals like Polymarket. Kalshi's founders tout a federally regulated exchange that called the 2024 presidential race early and showed odds in the 90s in...

Apple prepares for potential Tim Cook exit

 

According to the Financial Times, Tim Cook could depart as soon as next year, and Apple’s board and senior executives have stepped up succession planning. Cook, who has led Apple for more than 14 years after succeeding Steve Jobs, presided over a market valuation above $4 trillion and product launches...

Jury says Apple infringed Masimo blood oxygen patent

 

A federal jury handed Masimo a win in its longstanding legal battle with Apple, finding the company infringed a Masimo patent covering blood-oxygen monitoring technology visible in Apple Watch Workout and Heart Rate features. Apple disputed the verdict, saying the single patent expired in 2022 and is specific to historic...

Ford unveils collaborative Dearborn headquarters The Hub

 

Ford is trading its 1950s Glass House for a 2.1 million square foot headquarters in Dearborn, ceremonially opening Sunday with construction continuing into 2027. Nicknamed The Hub, the four story complex will consolidate up to 4,000 employees, split between design studios and business operations, with flexible "neighborhoods" and few private...

Newnan jackpot winner options and taxes

 

Friday’s drawing produced winning numbers 1, 8, 11, 12, 57 and gold Mega Ball 7, with tickets purchased at a Publix in Newnan. The jackpot, which had grown since a $348 million Virginia win in June, stands at $980 million. The winner can opt for 30 annual payments or a...

Regulators question data center demand projections

 

Utilities predict electricity demand could double or triple within years as data centers tied to a fast-growing AI economy come online, but officials question whether forecasts inflate projects that may never be built. A market watchdog warned of speculation and double counting, and a FERC commissioner sought better vetting. Texas...

Ethics Report Cites Kugler Fed Trading Violations

 

A report from the U.S. Office of Government Ethics released Saturday found that Adriana D. Kugler, who stepped down as a Federal Reserve governor in August, repeatedly violated the central bank’s trading rules. Newly disclosed forms show multiple purchases and sales of individual stocks, including Apple, Southwest Airlines, and Cava,...

Mamdani Taps Lina Khan Signaling Private Equity Scrutiny

 

New York mayor-elect Zohran Mamdani’s choice of former FTC chair Lina Khan for his transition team is being read as a warning to private equity firms accused of rolling up local providers, raising prices, and degrading care and housing. Experts say Khan’s record of scrutinizing healthcare and real estate consolidation...