Meta CEO Mark Zuckerberg joined Twitter CEO Elon Musk in his criticism of Apple for the company’s ability to unilaterally control its app store. During a speech at the New York Times’ DealBook Summit, Zuckerberg said that Apple is the only platform “where one company can control what apps get on the device,” a situation …
Author: Ben Zeisloft
U.S. Attorneys Bust Crypto Money Laundering Ring
United States attorneys have charged 21 individuals for their alleged participation in a transnational money laundering network involving cryptocurrencies. According to a press release from the United States Attorney’s Office in the Eastern District of Texas, Operation Crypto Runner has disrupted more than $300 million in annual money laundering transactions and seized extensive reserves of …
House Passes Legislation To Avoid A Nationwide Rail Strike. Bernie Sanders Intends To Block It.
After the House of Representatives advanced a bill on Wednesday meant to avert a looming nationwide rail strike, Sen. Bernie Sanders (I-VT) vowed to block the measure in the Senate. Unions and rail companies previously agreed to a tentative deal providing workers a 24% pay raise and more robust healthcare benefits, although a handful of …
‘I Don’t Even Know How To Code,’ MIT Grad And Now-Broke Crypto CEO Sam Bankman-Fried Tells Niche Vlogger
Former FTX CEO and alleged fraudster Sam Bankman-Fried revealed during a conversation with a cryptocurrency vlogger that he does not know how to code. FTX recently filed for bankruptcy after users discovered that trading firm Alameda Research, a company run by former Bankman-Fried love interest Caroline Ellison, had allegedly been using funds from FTX to …
Food Delivery Company Is The Latest Silicon Valley Firm To Announce Mass Layoffs
DoorDash announced on Wednesday that the food delivery company will become the latest technology firm to dismiss a substantial number of employees in an effort to limit expenses. In a letter to staff members, DoorDash CEO Tony Xu remarked that the company would decrease corporate headcount in order to reduce high operational costs amid economic …
Former Chinese President Dead At 96 Amid Nationwide Protests
Former Chinese President Jiang Zemin died on Wednesday at the age of 96 as the nation endures mounting economic and social turmoil. Jiang, who served from 1993 to 2003, succumbed to leukemia and multiple organ failure, according to a report from government-run outlet Xinhua News. A letter addressing the entirety of the Chinese Communist Party, …
Elon Musk Warns A ‘Severe Recession’ Will Be More Likely If Federal Reserve Doesn’t Take Action On Rate Hikes
Elon Musk warned that a significant recession would occur in the United States if policymakers at the Federal Reserve do not adjust their current approach to interest rates. The central bank has increased target federal funds rates by 0.75% on four consecutive occasions, marking the most aggressive rollback of loose monetary policy in decades. Interest …
New Disney CEO Says Company Will ‘Quiet Things Down,’ Regrets Predecessor Battled DeSantis
Disney CEO Bob Iger remarked during a town hall event with employees that he desires to advance social causes in a more subdued fashion after the entertainment conglomerate publicly battled Republican Florida Gov. Ron DeSantis earlier this year. The company’s board of directors recently restored Iger, who previously served as chief executive for 15 years, to …
Norway’s Left-Wing Government To Hit Fleeing Billionaires With Even Higher Taxes
Norway plans to increase taxes on billionaires attempting to flee the socialistic nation, where residents already experience one of the highest tax burdens on the planet. Officials across multiple Norwegian parties agreed to end a five-year time limit on exit taxes for unrealized gains and extend the rules “to apply to the transfer of shares …
Union Allies Turn On ‘Pro-Labor’ Biden For Trying To Prevent Looming Rail Strike
Labor unions rebuked President Joe Biden on Tuesday for requesting that Congress prevent a looming rail strike. The commander-in-chief said in a Monday evening statement that the possible work freeze, which could begin as soon as December 9, would “devastate” the economy ahead of the holiday season. “As a proud pro-labor President, I am reluctant …