Topline Core Scientific, one of the largest cryptocurrency miners in the United States, announced Wednesday it plans to list on the Nasdaq exchange in a deal that values the four-year-old company at $4.3 billion—the latest sign the nation’s growing prominence as a bitcoin mining hub should only rise as longtime market leader China continues cracking… More
Topline Core Scientific, one of the largest cryptocurrency miners in the United States, announced Wednesday it plans to list on the Nasdaq exchange in a deal that values the four-year-old company at $4.3 billion—the latest sign the nation’s growing prominence as a bitcoin mining hub should only rise as longtime market leader China continues cracking… More
Topline Movie theater chain AMC Entertainment announced Wednesday morning the appointment of CEO Adam Aron—a leisure industry veteran who’s embraced AMC’s emphatic crowd of retail investors—as its new board chair, replacing an executive at billionaire-controlled Dalian Wanda Group, which sold off nearly all its stake this year amid the unprecedented rise in AMC’s stock price.… More
Topline Biz Markie — a rapper known for his quirky hit Just A Friend — died Friday at the age of 57, his manager said. Biz Markie in a recording studio on January 25, 2018 in New York City. Getty Images for Mastercard Key Facts Biz Markie died Friday evening with his wife next to… More
Topline The U.S. Treasury and the Internal Revenue Service announced Thursday morning families of nearly 60 million children have received $15 billion dollars in the first monthly payments under the recently expanded Child Tax Credit—one of the major antipoverty initiatives in President Joe Biden’s American Rescue Plan passed in March—and here’s what to know if… More
Topline Workers removed a statue depicting the 19th century explorers Meriwether Lewis and William Clark towering over their Native American interpreter Sacagawea from a public park in Charlottesville, Va., on Saturday afternoon, hours after the city dismantled two Confederate statues that fueled a violent white nationalist rally in 2017. The statue of Meriwether Lewis, William… More
Topline At least 86 people are now confirmed dead while dozens still remain missing at the site of a condominium collapse in Surfside, Florida, officials said Saturday, as the search and rescue effort has officially shifted to a recovery operation. Workers walk past the collapsed and subsequently demolished Champlain Towers South condominium … [+] building… More
Topline Big technology stocks like Amazon and Apple led major indexes to new records Wednesday, signaling to experts that investors are plowing into risky assets in search of market returns as stock valuations return to unprecedented highs. Amazon.com founder Jeff Bezos stepped down as CEO this week but remains executive chairman. Getty Images Key Facts… More
Topline The remainder of the partially collapsed condo in Surfside, Florida—where 24 people are confirmed dead so far—was demolished on Sunday night ahead of the arrival of a tropical storm in the region, however, search-and-rescue efforts for the 121 people who remain unaccounted for is expected to resume soon. The remaining structure of the Champlain… More
Topline The demolition of the uncollapsed parts of the Champlain Towers South condo in Surfside, Fl., which is slated to begin as early as Sunday, should speed up recovery of the over 120 people still missing in the deadly disaster as it will open up access to a previously unreachable part of the rubble, the… More
Topline One day after a record fine from regulators, trading platform Robinhood Financial disclosed a slew of financials for the first time ever Thursday in a regulatory filing ahead of the company’s long-awaited initial public offering, revealing a $1.4 billion first-quarter loss despite massive growth fueled by frenzied stock trading and all-time market highs during… More
Topline Douglas Durst, the president of the Durst family’s billion-dollar Manhattan real estate development company, testified during Robert Durst’s murder trial Monday that he is scared of his older brother, who he believes wants to kill him. Developer Douglas Durst speaks at a press conference announcing the opening of One World Trade … [+] Center… More
Topline Numerous all-time record high temperatures set on Sunday have been broken again after just 24 hours, as a historic heat wave continues to bring triple-digit heat to the usually temperate Pacific Northwest. The sun shines near the Space Needle on June 28, 2021, in Seattle. (AP Photo/Ted S. Warren) ASSOCIATED PRESS Key Facts Seattle… More
Topline Embattled e-cigarette maker Juul agreed Monday to pay North Carolina $40 million over the next six years in an agreement with state prosecutors—in the vaping company’s first state settlement amid a slew of pending lawsuits alleging it fueled nicotine addiction among children. “For years, Juul targeted young people, including teens, with its highly addictive… More
Topline In what could potentially be another strong show of Latin American cryptocurrency adoption, billionaire businessman Ricardo Salinas Pliego, a staunch bitcoin bull heading up one of Mexico’s largest conglomerates, launched into a tweetstorm in support of the world’s largest cryptocurrency early Sunday morning and said he is working to make his Banco Azteca the… More
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