Topline Search and rescue efforts are underway for 39 people who went missing after a vessel capsized off the coast of Florida, with none believed to be wearing a life jacket in what is a suspected case of human smuggling, according to the U.S. Coast Guard. Search and rescue efforts are underway off Florida’s east… More
Topline The International Monetary Fund’s board again urged El Salvador to reverse its decision to make bitcoin legal tender in the country, pointing to financial risks tied to the leading cryptocurrency, it said in a statement Tuesday. (Photo by Chesnot/Getty Images) Getty Images Key Facts El Salvador should “narrow the scope of the Bitcoin law… More
Topline One day after actor Peter Dinklage criticized Disney for planning a live-action version of Snow White, which originally featured seven dwarfs, a Disney spokesperson told Forbes Tuesday the company will take a “different approach” with the characters in the new version. Peter Dinklage accepts the Outstanding Supporting Actor in a Drama Series award for… More
Topline The Biden Administration announced Tuesday it is seeking alternative sources of fuel in the Middle East, North Africa, Asia and the U.S. because Russia—which provides about a third of Europe’s fossil fuel—could cut off shipments amidst escalating conflict over Ukraine. Workers at the Nord Stream 2 facility in Sassnitz, Germany on October 19, 2017.… More
Topline The chairman of the House committee investigating the January 6 attack on the U.S. Capitol said Sunday that the panel has spoken with former Attorney General William Barr, a hard-core President Trump loyalist who became an adversary after refusing to support Trump’s false claims of widespread voter fraud. U.S. Attorney General William Barr, left,… More
Peloton’s stock may have rebounded Friday, but it still has a long way to go to recover. Ezra Shaw/Getty Images Peloton shares are on a painful ride that keeps getting worse. The stock plunged 24% on Thursday—wiping out billions in market value—amid reports that the beleaguered at-home fitness equipment company would temporarily halt production of… More
Topline Robinhood cofounders Vlad Tenev and Baiju Bhatt are no longer billionaires according to Forbes’ calculations, as shares of their popular stock trading app continue to move lower in recent months and have now lost half their value since the company went public last year. Robinhood shares have lost more than half their value since… More
Topline Instagram launched a test of a new subscriptions mode that allows creators to provide exclusive content to paying subscribers, a feature popularized byby OnlyFans, Substack and Patreon, the company announced Wednesday. The buttons of the photo app Instagram, surrounded by WhatsApp, Facebook, Messages and other apps on … [+] the screen of an iPhone.… More
HOLLYWOOD, CA – MAY 30: (L-R) Producer Jason Blum, director James Wan, director Leigh Whannell and actor Logan Marshall-Green arrive for the premiere of BH Tilt’s “Upgrade” held at the Egyptian Theatre on May 30, 2018 in Hollywood, California. (Photo by Albert L. Ortega/Getty Images) Getty Images One sign of success is the extent to… More
Topline Morgan Stanley and Bank of America were the latest major banks to report solid earnings on Wednesday, though both firms reported a smaller increase in expenses than rivals like JPMorgan Chase and Goldman Sachs, which faced surging compensation costs. Only a few banks have managed to keep a lid on rising expenses. Mark Lennihan/ASSOCIATED… More
Topline The White House on Tuesday sent $14 billion in freshly appropriated funds—stemming largely from the $1.2 trillion Bipartisan Infrastructure plan signed into law in November—to fund more than 500 projects targeting the nation’s ports and waterways across all 50 states this year, giving the most details to date as to how the money will… More
Topline The stock market plunged on Tuesday after Goldman Sachs reported disappointing quarterly earnings—continuing a trend of lackluster bank results, while surging government bond yields hit two-year highs. Bank earnings continued to disappoint as firms warned of rising expenses. Richard Drew/ASSOCIATED PRESS Key Facts The Dow Jones Industrial Average fell 1.5%, around 550 points, while… More
Topline The House committee investigating the U.S. Capitol riot issued subpoenas on Thursday to the parent companies of four major social media platforms — Facebook, Twitter, Reddit and YouTube — as it seeks information on how “violent extremism” was spread on the platforms prior to the riot and if the companies made efforts to prevent… More
Topline Stewart Rhodes — leader of the anti-government Oath Keepers — was charged Thursday with seditious conspiracy stemming from the Capitol riot, one of the highest-profile arrests in the Department of Justice’s massive year-long investigation into the attack. Oath Keepers founder Stewart Rhodes in Fort Worth, Texas, on February 28, 2021. The Washington Post via… More
Topline The actor Alec Baldwin has not turned over his cell phone to authorities investigating the shooting on the set of the movie Rust, the Santa Fe County Sheriff’s Department said Thursday, nearly a month after a search warrant was issued for the device. Alec Baldwin speaks during the 2021 RFK Ripple Of Hope Gala… More
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