Business

18 states sue SEC over ‘unconstitutional overreach’ of digital assets

Exclusive: The legal woes are mounting for Wall Street’s top cop. On Thursday afternoon, 18 states filed to sue the Securities and Exchange Commission and its five commissioners accusing them of unconstitutional overreach and unfair persecution of the $3 trillion cryptocurrency industry under the leadership of agency chief Gary Gensler,…

O’Leary crushes theory that Polymarket CEO home raid was ‘political retribution’: The rules are ‘transparent’

Polymarket CEO Shayne Coplan’s future is currently in jeopardy after the FBI raided the 26-year-old’s SoHo apartment. The FBI search came early Wednesday morning on the heels of the betting platform predicted former President Trump’s victory over Vice President Kamala Harris. A spokesperson for Polymarket called the move “obvious political retribution”…

McDonald’s E. coli outbreak expands to 104 cases

The number of people that became ill from an E. coli outbreak linked to raw onions served on McDonald’s Quarter Pounders weeks ago has climbed, but there no longer appears to be any food safety concerns at the fast food giant’s restaurants, according to the U.S. Food and Drug Administration…

Mortgage rates fall slightly, ending 6-week climb

Mortgage rates barely moved this week after marching higher for the past month-and-a-half, while purchase demand remains stalled in the stagnant housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.78% from last week’s reading…

Capri terminates Tapestry merger citing regulatory hurdles

The luxury fashion brand merger between Capri and Tapestry is officially off, as the two companies announced Thursday that they will abandon the merger because they were unlikely to gain regulatory approval. The proposed $8.5 billion merger was first announced in August 2023 but has faced scrutiny from the Federal Trade Commission…

UFC, IBM team up to develop enhanced fight analysis engine using watsonx

IBM and UFC announced an innovative partnership on Thursday that will change the way millions of fans around the world view fight night.  The UFC Insights Engine, which will be built with IBM watsonx, will combine the rich data feeds from the mixed martial arts organization with IBM’s data and…

Save money at the salon by giving yourself a relaxing mani-pedi at home

Getting regular manicures and pedicures can be a huge expense.  Professionals often recommend getting your nails done every two to three weeks, a routine that can very quickly break the bank. If you’re looking to rework your budget and save a little extra cash, it might be worth considering doing your…

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