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Trump SPAC deal threatened by federal criminal probe

Trump SPAC deal threatened by federal criminal probe

Former U.S. President Donald Trump applauses during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022.  Shannon Stapleton | Reuters A federal criminal investigation is threatening the proposed merger between former President Donald Trump’s social media enterprise and a special purpose acquisition company, a deal that would give the combined …

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One of the most prominent crypto hedge funds just defaulted on a $670 million loan

One of the most prominent crypto hedge funds just defaulted on a $670 million loan

Bitcoin rallied to a record high of nearly $69,000 at the height of the 2021 crypto frenzy. In 2022, it’s moved in the opposite direction. Nurphoto | Getty Images Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on …

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Warren Buffett wants his entire $96 billion fortune spent within 10 years of his death. Every kid on the planet might get a cut

Warren Buffett wants his entire $96 billion fortune spent within 10 years of his death. Every kid on the planet might get a cut

What will happen with Warren Buffett’s billions when he dies? Some of it might go to every kid on the planet. So reports the Wall Street Journal in a recent investigation of the future of Buffett’s fortune, which is worth $96.8 billion at the time of this article’s publication. In 2006, the Berkshire Hathaway CEO pledged …

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Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears

Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Three Arrows Capital, a crypto-focused hedge …

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Three easy ways to find hidden cameras in hotels and rental homes

Three easy ways to find hidden cameras in hotels and rental homes

Nearly 60% of Americans said they were worried about hidden cameras in Airbnb homes in 2019. And 11% of vacation home renters said they had discovered a hidden camera during a stay, according to a survey by the real estate investment company IPX1031. Spy cameras are not a new problem. In South Korea, more than …

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Crypto is crashing but the tech behind it could save luxury brands billions

Crypto is crashing but the tech behind it could save luxury brands billions

These losses can damage both profit and reputation — which is why some brands are now turning to tech to protect their products, brand value and consumers. Despite being competitors, luxury brand conglomerate LVMH (LVMHF) joined forces with Prada (PRDSY), and Cartier in April 2021 to establish the Aura Blockchain Consortium, a non-profit platform that …

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Stocks pace towards worst start since 1970: What to know this week

Stocks pace towards worst start since 1970: What to know this week

The week ahead will bring to an end the second quarter and the first half of what has been a challenging 2022 for investors. Several key economic reports, including core PCE inflation – the Federal Reserve’s preferred measure of consumer prices – are on tap, along with earnings from Nike (NKE), Jefferies (JEF), Micron Technology …

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