Topline The Mega Millions jackpot—estimated at $785 million entering its next drawing in 2023—is the fourth-largest total in its history, the lottery said, as it continues to grow since its last winning drawing in October. Mega Millions’ $785 million jackpot is the fourth-largest in its history.Getty Images Key Facts The $785 million jackpot trails a More
Topline The Australian government has reversed its predecessor’s decision to recognize West Jerusalem as the capital of Israel, provoking diplomatic outrage between the two nations and leaving the U.S. increasingly isolated on the world stage in its approach to the controversial issue. Australia’s government reversed an earlier decision to recognize West Jerusalem as the capital… More
Topline Fed officials on Thursday reiterated calls for aggressive policy to combat stubbornly high inflation—fueling expectations for bigger rate hikes amid a stock-market selloff that’s seen major indexes hit new lows for the year—and some analysts project that the losses could only deepen. Morgan Stanley’s bear case scenario? Another 18% plunge.getty Key Facts Real interest… More
Topline Shares of Hong Kong fintech firm AMTD Digital continued to plunge on Thursday, crashing for a second day in a row after rising more than 21,000% since its July IPO, with experts calling it a new meme stock and warning investors to stay away from the stock as its valuation looks like “an absolute… More
Topline Then President Donald Trump was frustrated that metal detectors were slowing down armed people from entering a rally of his supporters on January 6, 2021, according to former White House aide Cassidy Hutchinson, who recalled Trump demanding the metal detectors be removed because he believed the crowd was “not there to hurt me.” US… More
Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&P Case-Shiller on Tuesday. Home prices are up significantly from last year but could cool by later in 2022 thanks… More
Topline Stocks fell and rates on government bonds surged on Wednesday as investor concerns about a slowdown in economic growth continued to weigh on markets, while oil jumped to a 13-week high on the back of climbing U.S. gas prices. Stocks will struggle for direction until there are “clear signs” that the Fed is taming… More
Topline Billionaire investor Warren Buffett continues to see opportunities in the stock market despite a selloff in recent months, recently snapping up more shares of energy company Occidental Petroleum, as some of his biggest holdings continue to outperform despite surging volatility this year. Some of the billionaire investor’s big bets in energy and consumer-related stocks… More
Topline Digital assets firm Jump Crypto said Thursday it replaced the $325 million worth of tokens allegedly stolen from its portfolio company Wormhole Portal, a platform that helps users transfer cryptocurrency between the Solana and Ethereum blockchains, in one of the biggest hacks ever to hit the booming—and largely unregulated—decentralized finance space. Blockchain platform Wormhole… More
Topline Shares of Facebook parent Meta fell over 25% on Thursday—erasing over $230 billion in market value for its worst trading session in history—after the company’s dismal quarterly earnings report showed declining users and surging expenses related to the company’s metaverse project. Facebook’s stock had its biggest drop ever, losing a quarter of its value… More
Topline The Federal Reserve on Thursday released its highly anticipated report on the prospect of minting a central bank digital currency, or CBDC—outlining potential benefits and drawbacks of what could be a “highly significant innovation in American money,” but stopping short of taking a position on its implementation without the help of lawmakers. Jerome Powell,… More
Topline A Michigan man accused of storming the U.S. Capitol building on January 6 cannot fly to Jamaica for 10 days later this month, a federal judge said in a scathing order Thursday, exactly one year after a mob of hundreds of Trump supporters breached the building. A person waves a Trump 2020 flag as… More
Topline Shares of GameStop skyrocketed in after-hours trading Thursday after a report laid out some of the company’s plans to build out a division to buy, sell and trade the buzzy digital collectibles known as non-fungible tokens, reversing recent losses for last year’s hit meme stock as the brick-and-mortar game seller doubles down on the… More
Topline Cardano’s ada token plummeted to its lowest price in more than three months on Wednesday after popular retail-trading platform eToro announced plans to delist the cryptocurrency in the United States due to regulatory concerns—making ada the latest victim of the murky regulatory waters that have repeatedly pummeled the nascent crypto market. Cardano’s ada has… More
Topline Evacuations were ordered at New York University, Massachusetts Institute of Technology and the University of Southern California on Thursday due to bomb threats, after a number of other high-profile schools were hit with fake bomb threats over the past week. LOS ANGELES, CA – APRIL 06: A statue of the school mascot, the Trojan,… More
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