As Vladislav Klyushin’s cybersecurity scam grew, collecting more than $93 million in less than three years, the FBI’s investigation was closing in on unraveling his scheme.Klyushin had become incredibly rich through his ownership of Moscow-based cybersecurity firm M-13, which was a front for his real business: stealing corporate earnings reports before they were released and trading based on that information. The cybersecurity scam targeted well-known American companies like Skechers, Snapchat and Roku.The FBI and U.S. prosecutors had enough evidence to put him away – but they also had one significant roadblock: as a Russian citizen living in Russia, there was…
Author: usaeverydaylife
North Korea will resume international tourism this winter, ending a COVID-era ban on travelers, according to operators that organize tours to the country.The North Korea-focused travel companies KTG and Koryo Tours said on Wednesday that their local partners in the country had informed them about government plans to allow trips to some locations. The companies added that foreign tourists will be permitted to the North Korean city of Samjiyon by December, while other areas of the country could potentially become accessible.”Having waited for over 4 years to make this announcement, Koryo Tours is very excited for the opening of North Korean…
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesElon Musk’s artificial intelligence startup, xAI, is being accused by environmental and health advocates of adding to the pollution problem in Memphis, Tennessee, by using natural gas burning turbines at its new data center, and doing so without a permit.The company said it was opening the data center in June in a former Electrolux factory, shortly after announcing it had raised $6 billion at a $24 billion valuation. In a post on X last…
A general view is showing a shopping mall in Hong Kong, on Aug. 1, 2024.Vernon Yuen | NurPhoto | Getty ImagesHong Kong’s July retail sales fell 11.8% from a year earlier, government data showed on Friday, reflecting the continued impact of the change in consumption patterns.Sales decreased to 29.1 billion Hong Kong dollars ($3.73 billion), the fifth consecutive monthly decline, following a 9.7% drop in June, a 11.5% slump in May, a 14.7% drop in April and a 7% fall in March.A government spokesman said the decline in the value of total retail sales was due to the continued impact of…
A Dollar General store in Germantown, New York, on Nov. 30, 2023.Angus Mordant/Bloomberg via Getty ImagesThree of the nation’s largest retailers — Dollar General, Dollar Tree and Kroger — charge fees to customers who ask for “cash back” at check-out, amounting to more than $90 million a year, according to the Consumer Financial Protection Bureau.Many retailers offer a cash-back option to consumers who pay for purchases with a debit or pre-paid card.But levying a fee for the service may be “exploiting” certain customers, especially those who live in so-called banking deserts without easy access to a bank branch or free…
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024.Costfoto | Nurphoto | Getty ImagesAn inflation-fueled sales slump hit the toy industry in the first half of 2024, but one company is gaining market share brick by brick.On Wednesday, Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish kroner, or about $4.65 billion.Niels Christiansen, CEO of the privately held Danish toymaker, told CNBC that the company is seeing strength across its portfolio, especially with Lego Icons and Lego Creator, and through its partnership with Epic Games’ Fortnite.Last year, Lego saw…
Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it sees “durable growth” for Salesforce following earnings on Wednesday. “We continue to view GenAI as a tailwind for Salesforce, with benefits likely coming in CY25, but at these levels, GenAI represents a call option.” Bank of America reiterates Nvidia as buy Bank of America said it’s sticking with the stock following earnings. “Our positive view on Nvidia is based on its underappreciated transformation from a traditional PC graphics chip vendor, into a supplier into high-end gaming, enterprise graphics, cloud, accelerated computing and…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailPrimetime Partners’ Alan Patricof and Abby Miller Levy joins ‘Fast Money’ to talk investing in aging and longevity.05:26Wed, Aug 21 20246:44 PM EDT Source link
Even in the face of stubborn inflation, small business owners are striking a more positive tone. Optimism surrounding the economy is rising and the CNBC|SurveyMonkey Small Business Confidence Index reached its highest level since President Joe Biden took office, according to the latest quarterly data released on Thursday morning.Twenty-eight percent of small business owners describe the current state of the economy as “excellent” or “good,” up five percentage points from the prior quarter and up from 18% year over year, according to the CNBC|SurveyMonkey Small Business Survey for Q1 2024. It’s the most optimistic respondents to the survey have been…
Norway’s Princess Martha Louise and her American fiancé Durek Verrett on their way to the gala dinner for Princess Ingrid Alexandra at the castle in Oslo on June 17, 2022.Lise Aserud | AFP | Getty ImagesA Norwegian princess marrying her Hollywood fiancé — it sounds like exactly the sort of fairy tale to charm a world beset by war and political strife.But the wedding on Saturday of Princess Märtha Louise to Durek Verrett, an American spiritual healer and self-professed shaman, is mired in controversy and criticism.Märtha Louise, 52, is the eldest daughter of Norway’s long-reigning and widely popular King Harald,…
