Posts by Amelia Frost
Congressional Panel Investigating Epstein Subpoenas Leon Black in Unusual Escalation
The House Oversight Committee issued two subpoenas on Friday to Leon Black, the private equity billionaire, after he refused to answer questions about nondisclosure agreements he had signed with women, some of whom had been linked to Jeffrey Epstein, the disgraced financier and convicted sex offender. The panel’s Republican chairman, Representative James R. Comer of…
Read MoreGameStop CEO Ryan Cohen Withdraws $35 Billion Pay Package as He Intensifies Push for eBay Acquisition
GameStop Chief Executive Ryan Cohen has withdrawn a proposed performance-based compensation package that could have been worth more than $35 billion, saying he wants management focused on the retailer’s operations and its efforts to acquire eBay. The company said this week that Cohen requested the removal of the CEO Performance Award from its proxy statement…
Read MoreLatino Voters Largely Care About The Economy And No Party Is Managing To Attract Most Of Them
Latino voters are set to play a deciding role in determining the outcome of many of this year’s midterm elections, CBS News reported, highlighting that a significant number of competitive races have large Latino populations. “The House map especially is very Latino,” Carlos Odio, co-founder of Equis Research, a political data firm that specializes in…
Read MoreIran Strikes Ship in Strait of Hormuz, Undermining Efforts to Restore Traffic
Iran’s armed forces struck a container ship that was passing through the Strait of Hormuz on Thursday, according to U.S. and Iranian officials, undermining efforts to restore shipping traffic through the crucial waterway. The attack came hours after Iran, demonstrating its hold over the strait, had warned ships that the only route through the vital…
Read MoreMicron Shares Jump In Extended Trading As Results Show It More Than Quadrupled Its Revenue
Micron shares jumped in extended trading after releasing positive results. Getty Images Micron shares jumped in extended trading after announcing that its revenue more than quadrupled in the fiscal third quarter as it continues to benefit from soaring demand related to the AI boom. The company’s revenue increased over $9 billion compared to the previous…
Read MoreOil Prices Drop on Moves to Unblock Persian Gulf Crude Supplies
Oil prices continued to fall on Wednesday as efforts to move ships out of the Persian Gulf have made headway, increasing the flow of crude oil through the Strait of Hormuz, a critical shipping route for crude oil. Stock markets stabilized after widespread losses driven by plunges in the shares of many technology companies the…
Read MoreMarkets Recoil in Global Sell-Off Driven by Tech Stocks
Global stock markets shuddered on Tuesday, dragged down by tech companies, as investors suggested that enthusiasm for artificial intelligence companies may be approaching its limits. The firms at the forefront of A.I. and chip-making have an outsize impact on market benchmarks, after a long — if sometimes volatile — rally pushed indexes to record highs.…
Read MoreWhy U.S. Firms Are Buying Up Emerging Markets’ Most Specialized Startups
When Anthropic, most recently valued at $965 billion USD, acquired AI biotech startup Coefficient Bio in a $400 million USD deal in April, it signaled something beyond a single deal: a wider repositioning among U.S. tech giants toward buying specialized expertise rather than building from scratch. Nubank made the same calculation when it bought Hyperplane,…
Read MoreClive Davis, Music Industry Titan Who Signed Whitney Houston, Dies at 94
Clive Davis, the music executive who rose from a midlevel legal position at Columbia Records to become one of the industry’s most powerful and longest-reigning dons, guiding the careers of Whitney Houston, Aretha Franklin, Barry Manilow and dozens of other stars, died on Monday at his home in Manhattan. He was 94. His family confirmed…
Read MoreChina Strikes Back at U.S. Sanctions With New Export Ban Targeting Defense Firms
China has retaliated against recent U.S. sanctions targeting some of its largest technology companies by imposing new export restrictions on a group of American defense-related firms. The measures, announced Monday by China’s Ministry of Commerce, prohibit 10 U.S. companies from receiving Chinese dual-use goods, which are products and materials with both civilian and military applications.…
Read MoreTesla Driver Using Autopilot Crashes Into Home in Texas and Kills a Woman, Officials Say
A driver in a Tesla vehicle that was engaged in automated driver-assistance mode crashed into a house in Texas on Friday night and killed a woman inside, the authorities said. The driver, Michael Butler, was in a Tesla Model 3 about 8 p.m. local time and operating the car “with an automated driving assistance system,”…
Read MoreIsraeli Iran Expert Beni Sabti At Centre Of Viral ‘Another Pearl Harbor Or 9/11’ Claim That Remains Unverified
A social media post claiming that an Israeli security researcher urged America to welcome ‘another Pearl Harbor or 9/11’ has spread rapidly online, yet its origin remains unverified. The remark has been attributed to Beni Sabti, an Iran expert at Israel’s Institute for National Security Studies, and began circulating on X around 20 June 2026.…
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