27 days ago
Naomi Campbell has won her legal appeal against a five-year ban from being a charity trustee.
A ruling from a tribunal on Thursday found that the misuse of funds in the charity "were concealed" from Campbell by a fellow trustee.
The supermodel founded Fashion for Relief in 2005 to help victims of Hurricane Katrina, with the charity raising funds for humanitarian causes through runway shows.
The charity closed in 2023 and was removed from the Charity Commission's register in 2024 following complaints of "serious mismanagement and/or misconduct," with Campbell being banned as a trustee for five years.
It found widespread mismanagement of funds, including money raised for good causes spent on luxury hotels and room service when Campbell was staying near Cannes in the south of France in May 2018.
Campbell, 56, appealed the ban, claiming that she had no knowledge the funds had been used in this way and had been deceived by another trustee about the unauthorised payments.
#funds #five #found #naomi
A ruling from a tribunal on Thursday found that the misuse of funds in the charity "were concealed" from Campbell by a fellow trustee.
The supermodel founded Fashion for Relief in 2005 to help victims of Hurricane Katrina, with the charity raising funds for humanitarian causes through runway shows.
The charity closed in 2023 and was removed from the Charity Commission's register in 2024 following complaints of "serious mismanagement and/or misconduct," with Campbell being banned as a trustee for five years.
It found widespread mismanagement of funds, including money raised for good causes spent on luxury hotels and room service when Campbell was staying near Cannes in the south of France in May 2018.
Campbell, 56, appealed the ban, claiming that she had no knowledge the funds had been used in this way and had been deceived by another trustee about the unauthorised payments.
#funds #five #found #naomi
1 month ago
Illustration: Sarah Grillo/Axios. Stock: Getty Images
OpenAI on Wednesday disclosed six new incidents in which its models concealed mistakes, sought unauthorized credentials, uploaded files to the public internet or communicated across supposedly isolated training environments.
Why it matters: It's increasingly clear that the Hugging Face breach wasn't a one-off incident, as AI models become more capable of finding unexpected ways to work around the guardrails meant to contain them.
#illustration #grillo #axios #openai
OpenAI on Wednesday disclosed six new incidents in which its models concealed mistakes, sought unauthorized credentials, uploaded files to the public internet or communicated across supposedly isolated training environments.
Why it matters: It's increasingly clear that the Hugging Face breach wasn't a one-off incident, as AI models become more capable of finding unexpected ways to work around the guardrails meant to contain them.
#illustration #grillo #axios #openai
2 months ago
Kim Kardashian returned to one of her go-to formal shoe silhouettes for This Is About Humanity's 8th Annual Soiree in Hollywood on Aug. 29, wearing what appear to be vintage Manolo Blahnik Prisca lace-up sandals. Kim Kardashian Getty Images for This Is About H Her skirt concealed much of the taupe heels, leaving their angular open toes and slim front straps on display. The leather straps are designed to crisscross up the legs, much like a gladiator sandal, stopping just below the knees, while 3- to 4-inch stiletto heels complete the silhouette. A closer look at Kim Kardashian's shoes. Getty Kardashian has worn the silhouette for previous formal occasions, in shades of yellow and metallic black. The open-toe shape is a familiar one for summer shoes, save for the leg-length laces, which provide the drama. Manolo Blahnik's lace-up style is also available in metallic gold and silver, along with other color-blocked iterations. Kardashian paired her vintage footwear with a cream-colored Maison Margiela mirrored knit, worn off the shoulders and partly undone to reveal her vintage black bullet bra beneath. The "All's Fair" star also wore a Faycal Amor satin lace maxiskirt featuring metallic gold fabric layered over a sheer taupe lining that matched her
Follow Footwear News on Twitter or become a fan on Facebook.
#vintage #getty #taupe
Follow Footwear News on Twitter or become a fan on Facebook.
#vintage #getty #taupe
2 months ago
Former child actor Raquel Lee has come forward with allegations of ****** ual ****** ault against a former employee at Disney, who she claims facilitated and concealed the ****** ault, according to a new lawsuit.
In a legal complaint obtained by USA TODAY, "The Amanda Show" alum's attorneys allege that a staffer pressured Lee to consume alcohol and repeatedly ****** ually harassed and ****** aulted her when she was 14 on the set of the 2001 Disney Channel Original Movie "The Poof Point."
The suit does not name the perpetrator but describes him as an "adult, middle-aged, male employee of Disney who was involved in the filming of the movie."
Lee, now 39, said that the cast and crew all stayed at the same hotel during the production in Utah. She alleged that the staffer invited her and her guardian to his hotel room under the guise of practicing her lines. Once there she was pressured to consume alcohol, the lawsuit alleges.
She returned to her room while "intoxicated and not well" and later was invited to visit his room alone, where he raped her, the lawsuit alleges. The employee accused of the ****** ault was "at least double her age," according to the complaint.
#employee #lawsuit
In a legal complaint obtained by USA TODAY, "The Amanda Show" alum's attorneys allege that a staffer pressured Lee to consume alcohol and repeatedly ****** ually harassed and ****** aulted her when she was 14 on the set of the 2001 Disney Channel Original Movie "The Poof Point."
The suit does not name the perpetrator but describes him as an "adult, middle-aged, male employee of Disney who was involved in the filming of the movie."
Lee, now 39, said that the cast and crew all stayed at the same hotel during the production in Utah. She alleged that the staffer invited her and her guardian to his hotel room under the guise of practicing her lines. Once there she was pressured to consume alcohol, the lawsuit alleges.
She returned to her room while "intoxicated and not well" and later was invited to visit his room alone, where he raped her, the lawsuit alleges. The employee accused of the ****** ault was "at least double her age," according to the complaint.
#employee #lawsuit
2 months ago
GREENBELT, Md. (AP) — A former senior adviser to infectious disease expert Dr. Anthony Fauci pleaded guilty Tuesday to plotting to conceal federal records related to research on the origins of the deadly COVID-19 pandemic.
Dr. David Morens is scheduled to be sentenced Nov. 12 by U.S. District Judge Paula Xinis in Greenbelt, Maryland. Morens pleaded guilty to conspiring to defraud the U.S. government, a felony punishable by a maximum prison sentence of five years.
"By pleading guilty today, Dr. Morens has taken responsibility for what he did, and he will continue to do so," defense attorney Tim Belevetz said in a statement after the plea hearing.
Morens is accused of using his private email account to intentionally circumvent public records laws while employed at the National Institute of Allergy and Infectious Diseases. The Justice Department alleges that he concealed or destroyed records of discussions related to COVID-19 research grants, including an effort to revive a controversial coronavirus grant.
The indictment follows a probe by House Republicans into the origins of the COVID-19 pandemic that scrutinized Morens' email communications and accused him of intentionally concealing records. In congressional testimony, Morens denied attempting to evade federal transparency laws by using his personal email.
#records #guilty #infectious #pleaded
Dr. David Morens is scheduled to be sentenced Nov. 12 by U.S. District Judge Paula Xinis in Greenbelt, Maryland. Morens pleaded guilty to conspiring to defraud the U.S. government, a felony punishable by a maximum prison sentence of five years.
"By pleading guilty today, Dr. Morens has taken responsibility for what he did, and he will continue to do so," defense attorney Tim Belevetz said in a statement after the plea hearing.
Morens is accused of using his private email account to intentionally circumvent public records laws while employed at the National Institute of Allergy and Infectious Diseases. The Justice Department alleges that he concealed or destroyed records of discussions related to COVID-19 research grants, including an effort to revive a controversial coronavirus grant.
The indictment follows a probe by House Republicans into the origins of the COVID-19 pandemic that scrutinized Morens' email communications and accused him of intentionally concealing records. In congressional testimony, Morens denied attempting to evade federal transparency laws by using his personal email.
#records #guilty #infectious #pleaded
2 months ago
Amy Winehouse's father has been hit with a nearly £1 million bill after losing a bitter court battle against two of his late daughter's closest friends. Mitch Winehouse was ordered to make interim payments totaling £963,851—about $1.3 million—to Naomi Parry and Catriona Gourlay after a High Court judge tore into the case he brought over the sale of the singer's belongings.
According to the BBC, the dispute centered on 141 items auctioned in the United States between 2021 and 2023, including Winehouse's clothes, handbags, earrings, makeup, ballet slippers and a dress she wore on her final tour in 2011. Mitch claimed Parry, Amy's former stylist, and Gourlay had no right to sell the items and accused them of "deliberately" hiding the sales from him. The women denied wrongdoing, saying the items either belonged to them or had been given to them by Winehouse.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
The court wasn't buying Mitch's version. Judge Sarah Clarke KC tossed his case earlier this year, finding that he "knew all along" that the women planned to sell the memorabilia.
The trial had heard allegations that Parry and Gourlay took advantage of Mitch's forgetfulness and pocketed more than $1.4 million from the auctions, but Clarke rejected the claim that they had deliberately concealed the sales.
#winehouse #clarke
According to the BBC, the dispute centered on 141 items auctioned in the United States between 2021 and 2023, including Winehouse's clothes, handbags, earrings, makeup, ballet slippers and a dress she wore on her final tour in 2011. Mitch claimed Parry, Amy's former stylist, and Gourlay had no right to sell the items and accused them of "deliberately" hiding the sales from him. The women denied wrongdoing, saying the items either belonged to them or had been given to them by Winehouse.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.
The court wasn't buying Mitch's version. Judge Sarah Clarke KC tossed his case earlier this year, finding that he "knew all along" that the women planned to sell the memorabilia.
The trial had heard allegations that Parry and Gourlay took advantage of Mitch's forgetfulness and pocketed more than $1.4 million from the auctions, but Clarke rejected the claim that they had deliberately concealed the sales.
#winehouse #clarke
3 months ago
Baltimore Orioles first baseman Pete Alonso will do anything to help his team get into the postseason.
The Orioles have an uphill climb to get through a competitive American League wildcard race. They take on the AL East leading Tampa Bay Rays on Friday, August 14.
In that game, Alonso will achieve a career first. He is batting leadoff.
MORE: Mariners executive says 21-year-old concealed severity of injury
Alonso is all about the team, but he clearly has a sense of humor too.
#american #tampa
The Orioles have an uphill climb to get through a competitive American League wildcard race. They take on the AL East leading Tampa Bay Rays on Friday, August 14.
In that game, Alonso will achieve a career first. He is batting leadoff.
MORE: Mariners executive says 21-year-old concealed severity of injury
Alonso is all about the team, but he clearly has a sense of humor too.
#american #tampa
3 months ago
Aug 13 (Reuters) - The Los Angeles County sheriff's department agreed to speed up licensing for people who want to carry concealed weapons, to settle a U.S. government lawsuit accusing it of systematically and unconstitutionally denying Californians' Second Amendment rights.
A settlement of the U.S. Department of Justice's lawsuit was filed on Thursday in Los Angeles federal court, and requires a judge's approval. The sheriff did not admit wrongdoing in agreeing to settle.
While Republican President Donald Trump's administration is regularly at odds with officials in Democratic-led California, its lawsuit last September focused more on bureaucracy issues than policy differences.
Los Angeles officials were accused of violating citizens' right to bear arms by typically waiting nine months to review license applications, and sometimes more than two years to interview applicants.
According to the complaint, the sheriff received 3,982 applications for new concealed carry licenses between January 2024 and March 2025 but approved just two.
#lawsuit #carry #concealed
A settlement of the U.S. Department of Justice's lawsuit was filed on Thursday in Los Angeles federal court, and requires a judge's approval. The sheriff did not admit wrongdoing in agreeing to settle.
While Republican President Donald Trump's administration is regularly at odds with officials in Democratic-led California, its lawsuit last September focused more on bureaucracy issues than policy differences.
Los Angeles officials were accused of violating citizens' right to bear arms by typically waiting nine months to review license applications, and sometimes more than two years to interview applicants.
According to the complaint, the sheriff received 3,982 applications for new concealed carry licenses between January 2024 and March 2025 but approved just two.
#lawsuit #carry #concealed
3 months ago
Demi Moore stunned in a Balenciaga micro minidress featuring a scale-like texture that rode up her thighs. The "Ghost" star opted for the dress for her daughter Tallulah Willis' wedding after-party. The X (formerly Twitter) page, House of Vanity, shared a photo of her look on August 11.
Demi Moore in Balenciaga at daughter Tallulah Willis' wedding after-party. ?
The mother of the bride wore a pale mint strapless mini dress with a fitted bodice, sculptural bubble hem and textured, scale-like fabric — a modern nod to Cristóbal Balenciaga's iconic cocoon… https://t.co/pxV73nAJfL pic.twitter.com/YiL2gmvQkb
— HouseOfVanity (HouseOfVanity88) August 11, 2026
Demi Moore wore a strapless mint green micro minidress from Balenciaga for her daughter's wedding after-party. Designed by Pierpaolo Piccioli, the dress featured a scale-like woven texture and a straight-across, rimmed neckline on the boned bustier bodice. It cinched at the waist before flowing down into a tulip-shaped bubble miniskirt.
Deep box pleating around the waist gave the skirt its rounded, architectural volume, creating an hourglass silhouette. The strapless neckline highlighted her bare shoulders while the short skirt left her long legs on full display. The dress also had concealed pockets on both sides.
#moore #scale
Demi Moore in Balenciaga at daughter Tallulah Willis' wedding after-party. ?
The mother of the bride wore a pale mint strapless mini dress with a fitted bodice, sculptural bubble hem and textured, scale-like fabric — a modern nod to Cristóbal Balenciaga's iconic cocoon… https://t.co/pxV73nAJfL pic.twitter.com/YiL2gmvQkb
— HouseOfVanity (HouseOfVanity88) August 11, 2026
Demi Moore wore a strapless mint green micro minidress from Balenciaga for her daughter's wedding after-party. Designed by Pierpaolo Piccioli, the dress featured a scale-like woven texture and a straight-across, rimmed neckline on the boned bustier bodice. It cinched at the waist before flowing down into a tulip-shaped bubble miniskirt.
Deep box pleating around the waist gave the skirt its rounded, architectural volume, creating an hourglass silhouette. The strapless neckline highlighted her bare shoulders while the short skirt left her long legs on full display. The dress also had concealed pockets on both sides.
#moore #scale
3 months ago
KYIV, Aug 6 (Reuters) - Olha Stefanishyna, dismissed as Ukraine's ambassador to the U.S. earlier this week, is suspected of illegal enrichment and failing to declare ****** ets, authorities said on Thursday, the latest high-ranking official targeted in an anti-graft probe.
Prosecutors said Stefanishyna, who served as a deputy prime minister before being appointed ambassador, concealed two apartments and other ****** ets worth about $310,000 in total that could not have been acquired on her official salary alone.
Authorities did not identify Stefanishyna by name, in line with Ukrainian law, but referred to the position she held when the alleged offences took place, from early 2024 to mid-2025.
In a Facebook post on Tuesday, she denied wrongdoing and said she has never had anything to hide.
Her dismissal comes amid a recent shake-up of senior officials, including the prime minister and defence minister, that has unsettled Ukraine's political establishment.
#stefanishyna #prime #kyiv
Prosecutors said Stefanishyna, who served as a deputy prime minister before being appointed ambassador, concealed two apartments and other ****** ets worth about $310,000 in total that could not have been acquired on her official salary alone.
Authorities did not identify Stefanishyna by name, in line with Ukrainian law, but referred to the position she held when the alleged offences took place, from early 2024 to mid-2025.
In a Facebook post on Tuesday, she denied wrongdoing and said she has never had anything to hide.
Her dismissal comes amid a recent shake-up of senior officials, including the prime minister and defence minister, that has unsettled Ukraine's political establishment.
#stefanishyna #prime #kyiv
3 months ago
Amy Winehouse's father must pay just under £1m to two of his daughter's friends after a failed High Court claim over the auctioning of the late singer's items.
Mitch Winehouse also racked up at least £950,000 in his own legal costs in the failed attempt against Naomi Parry and Catriona Gourlay.
He claimed the women had profited from selling dozens of his daughter's items at auctions in the US in 2021 and 2023, accusing them of having "deliberately concealed" their sale.
But Ms Justice Clarke threw out the claim earlier this year, finding that he "knew all along" about the intended sale and only afterwards had begun to pursue them for money in an "aggressive and unpleasant way".
In a judgment on Wednesday, she said: "The claimant chose to bring an inherently weak claim, pursue it aggressively and relentlessly to the end, and make serious and unfounded allegations against the defendants which significantly damaged their reputations, career prospects, financial security and health."
#claim #failed #high
Mitch Winehouse also racked up at least £950,000 in his own legal costs in the failed attempt against Naomi Parry and Catriona Gourlay.
He claimed the women had profited from selling dozens of his daughter's items at auctions in the US in 2021 and 2023, accusing them of having "deliberately concealed" their sale.
But Ms Justice Clarke threw out the claim earlier this year, finding that he "knew all along" about the intended sale and only afterwards had begun to pursue them for money in an "aggressive and unpleasant way".
In a judgment on Wednesday, she said: "The claimant chose to bring an inherently weak claim, pursue it aggressively and relentlessly to the end, and make serious and unfounded allegations against the defendants which significantly damaged their reputations, career prospects, financial security and health."
#claim #failed #high
4 months ago
Sienna Miller has shared two sweet photos of her newborn baby.
The British actress posted a slideshow of images on Instagram on Wednesday chronicling her life over the last two months.
To begin, Sienna uploaded a snap of her sitting surrounded by pillows while heavily pregnant, before adding an adorable image showing her cradling her third child while in a hospital bed.
She also posted a black-and-white photo of her fiancé, Oli Green, appearing emotional while holding the baby, whose face was concealed.
"Adulting," the 44-year-old wrote in the caption.
Sienna and actor Oli, 29, started dating in late 2021 and welcomed their first baby together, a daughter, in December 2023.
The British actress posted a slideshow of images on Instagram on Wednesday chronicling her life over the last two months.
To begin, Sienna uploaded a snap of her sitting surrounded by pillows while heavily pregnant, before adding an adorable image showing her cradling her third child while in a hospital bed.
She also posted a black-and-white photo of her fiancé, Oli Green, appearing emotional while holding the baby, whose face was concealed.
"Adulting," the 44-year-old wrote in the caption.
Sienna and actor Oli, 29, started dating in late 2021 and welcomed their first baby together, a daughter, in December 2023.
4 months ago
Taylor Swift and Travis Kelce's wedding seemed to have a royal touch. According to a recent report, a giant white staircase was spotted outside Madison Square Garden. It was said to be part of the theme-based decorations for the celebrity couple's upcoming celebration. Furthermore, it was reported that the duo might have a fairytale royal castle at the venue, hence the stairs. For those unversed, several reports claimed that the singer and the NFL star are set to tie the knot on July 3 at MSG in New York.
Taylor Swift and Travis Kelce's wedding would reportedly have a fairytale castle. TMZ reported that they spotted a giant white staircase outside Madison Square Garden. It appeared to be being craned into the venue, according to the video obtained by the outlet. Allegedly, the soon-to-be-married couple could be planning a castle-themed event, adding a royal touch to their nuptials.
Furthermore, a CBS News video captured trucks unloading equipment wrapped in tarps. However, labels were visible that read "Garden Party 1 (scenic)" and "GP" was spray-painted on the items. Swift and Kelce have been secretive about their wedding details. They have not revealed their confirmed date, venue, or guest list. Meanwhile, the buzz outside MSG has raised questions, hinting that the couple will hold their event there.
Earlier, Page Six revealed additional clues about the reported wedding preparations. Staffers were spotted offloading many chairs, spotlights, and lighting equipment. Amid all the work, the secrecy was seemingly maintained. While the huge items were covered, some vendors had reportedly concealed their companies' logos and names. One worker said, "We aren't told anything. Everything is so tight-lipped." They also told the outlet that they had no idea who the clients were.
Meanwhile, another report suggested that Swift and Kelce's wedding guests were said to be "annoyed." They allegedly felt distrusted because the pair seemed not to have shared any details with them as well.
Taylor Swift and Travis Kelce's wedding would reportedly have a fairytale castle. TMZ reported that they spotted a giant white staircase outside Madison Square Garden. It appeared to be being craned into the venue, according to the video obtained by the outlet. Allegedly, the soon-to-be-married couple could be planning a castle-themed event, adding a royal touch to their nuptials.
Furthermore, a CBS News video captured trucks unloading equipment wrapped in tarps. However, labels were visible that read "Garden Party 1 (scenic)" and "GP" was spray-painted on the items. Swift and Kelce have been secretive about their wedding details. They have not revealed their confirmed date, venue, or guest list. Meanwhile, the buzz outside MSG has raised questions, hinting that the couple will hold their event there.
Earlier, Page Six revealed additional clues about the reported wedding preparations. Staffers were spotted offloading many chairs, spotlights, and lighting equipment. Amid all the work, the secrecy was seemingly maintained. While the huge items were covered, some vendors had reportedly concealed their companies' logos and names. One worker said, "We aren't told anything. Everything is so tight-lipped." They also told the outlet that they had no idea who the clients were.
Meanwhile, another report suggested that Swift and Kelce's wedding guests were said to be "annoyed." They allegedly felt distrusted because the pair seemed not to have shared any details with them as well.
4 months ago
The attorney who helped persuade the Supreme Court to strike down Hawaii's private-property concealed-carry restriction on Thursday criticized the state's reliance on a Reconstruction-era Black Code to defend the law.
In a 6-3 decision in Wolford v. Lopez, the Court held that Hawaii cannot require licensed gun owners to obtain express permission before carrying firearms onto private property open to the public. Gun-rights challengers dubbed the policy the "vampire rule" because lawful gun owners had to be "invited in" before entering businesses while armed.
"It is disgraceful that any state would rely on a law specifically aimed at taking away the Second Amendment rights or any constitutional right of Black Americans as it was at that time," attorney Kevin O'Grady, who represented the plaintiffs, told Fox News Digital.
"And it's not surprising, however, that Hawaii would rely on it as they are diametrically opposed to the Second Amendment. We fully expected that the Supreme Court would identify that as the kind of law that one absolutely should not look to determine whether or not something is constitutional because this is the perfect example of something which is not constitutional."
Supreme Court Hands Second Amendment Win To Concealed Carry Holders In Blue State Gun Control Case
In a 6-3 decision in Wolford v. Lopez, the Court held that Hawaii cannot require licensed gun owners to obtain express permission before carrying firearms onto private property open to the public. Gun-rights challengers dubbed the policy the "vampire rule" because lawful gun owners had to be "invited in" before entering businesses while armed.
"It is disgraceful that any state would rely on a law specifically aimed at taking away the Second Amendment rights or any constitutional right of Black Americans as it was at that time," attorney Kevin O'Grady, who represented the plaintiffs, told Fox News Digital.
"And it's not surprising, however, that Hawaii would rely on it as they are diametrically opposed to the Second Amendment. We fully expected that the Supreme Court would identify that as the kind of law that one absolutely should not look to determine whether or not something is constitutional because this is the perfect example of something which is not constitutional."
Supreme Court Hands Second Amendment Win To Concealed Carry Holders In Blue State Gun Control Case
4 months ago
Microsoft Corporation (NASDAQ:MSFT) ranks as the Best Data Center Stocks That Are Cheaper Than the S&P 500. Although the stock has declined roughly 21% on a year-to-date basis over macroeconomic concerns and massive AI capital expenditure forecasts, the Street expects more than 44% upside over the next 12 months.
Recently, on June 15, Reuters reported that Microsoft Corporation (NASDAQ:MSFT) is facing a lawsuit from the shareholders accusing the company of securities fraud, with plaintiffs claiming it concealed slowing growth in its Azure cloud business and downplayed the cost of its AI infrastructure buildout.
According to Reuters, the case was filed in Seattle federal court and was followed by a 10% single-day drop in Microsoft's stock on January 29, which wiped out roughly $357 billion in market value. The trigger for the lawsuit was the company's fiscal second-quarter earnings, which showed Azure revenue growth slipping to 39% from 40% the prior quarter, with a further projected slowdown to 37%–38%. Moreover, the capital spending also came in at $37.5 billion, up 66% year-over-year and above **** yst expectations.
The lawsuit alleges Microsoft failed to adequately disclose that AI-related investments, including its Copilot chatbot and OpenAI partnership, were straining resources and constraining Azure's growth capacity. Microsoft has called the claims "without merit" and says it will vigorously defend itself.
That said, TD Cowen maintained a Buy rating on Microsoft Corporation (NASDAQ:MSFT) with a $540 price target on June 4. The firm highlighted that the company has launched seven new self-built AI models designed for fine-tuning and cost optimization. TD Cowen sees this as a meaningful shift in how Microsoft approaches AI development. The firm also noted that these models will reduce the company's dependency on external frontier labs for AI capabilities.
Recently, on June 15, Reuters reported that Microsoft Corporation (NASDAQ:MSFT) is facing a lawsuit from the shareholders accusing the company of securities fraud, with plaintiffs claiming it concealed slowing growth in its Azure cloud business and downplayed the cost of its AI infrastructure buildout.
According to Reuters, the case was filed in Seattle federal court and was followed by a 10% single-day drop in Microsoft's stock on January 29, which wiped out roughly $357 billion in market value. The trigger for the lawsuit was the company's fiscal second-quarter earnings, which showed Azure revenue growth slipping to 39% from 40% the prior quarter, with a further projected slowdown to 37%–38%. Moreover, the capital spending also came in at $37.5 billion, up 66% year-over-year and above **** yst expectations.
The lawsuit alleges Microsoft failed to adequately disclose that AI-related investments, including its Copilot chatbot and OpenAI partnership, were straining resources and constraining Azure's growth capacity. Microsoft has called the claims "without merit" and says it will vigorously defend itself.
That said, TD Cowen maintained a Buy rating on Microsoft Corporation (NASDAQ:MSFT) with a $540 price target on June 4. The firm highlighted that the company has launched seven new self-built AI models designed for fine-tuning and cost optimization. TD Cowen sees this as a meaningful shift in how Microsoft approaches AI development. The firm also noted that these models will reduce the company's dependency on external frontier labs for AI capabilities.
5 months ago
Gypsy Rose Blanchard is giving fans another sweet glimpse into motherhood, and her latest video of her daughter, Aurora, has social media melting down. The internet star recently shared a heartwarming clip on Instagram showing a playful moment with her little girl, who is now officially on the move.
In the adorable video, Blanchard could be seen kneeling on the floor while encouraging her daughter to walk toward her. Aurora, dressed in pink pajamas, toddled across the room before stopping to blow kisses toward her mom, prompting an emotional reaction from fans in the comments.
While Blanchard allowed followers a peek into the milestone moment, she continued to keep her daughter's face concealed from public view. Throughout the clip, Aurora's back remained turned toward the camera as she walked toward her mom and wrapped her in a hug.
Blanchard captioned the touching post simply, "My world [pink heart emoji]."
The wholesome moment quickly sparked a wave of emotional reactions from followers, many praising Blanchard's journey into motherhood. "Motherhood is the sweetest. You're healing your younger you and your current you too," one commenter wrote. Another added, "I'm glad you get to have this, Gypsy."
In the adorable video, Blanchard could be seen kneeling on the floor while encouraging her daughter to walk toward her. Aurora, dressed in pink pajamas, toddled across the room before stopping to blow kisses toward her mom, prompting an emotional reaction from fans in the comments.
While Blanchard allowed followers a peek into the milestone moment, she continued to keep her daughter's face concealed from public view. Throughout the clip, Aurora's back remained turned toward the camera as she walked toward her mom and wrapped her in a hug.
Blanchard captioned the touching post simply, "My world [pink heart emoji]."
The wholesome moment quickly sparked a wave of emotional reactions from followers, many praising Blanchard's journey into motherhood. "Motherhood is the sweetest. You're healing your younger you and your current you too," one commenter wrote. Another added, "I'm glad you get to have this, Gypsy."
5 months ago
Russia hunts Ukrainian drone operators, units, and command centers.
As a result, Ukraine tries to keep them on the move and concealed and underground.
A Ukrainian defense official said the West should take heed, even though it makes things expensive.
RIGA, Latvia — The West would do well to make sure that its future drone units and command centers are mobile and ideally underground because they are such high-value targets, a Ukrainian defense official said.
The West is investing heavily in drone warfare and tactics after seeing how effective they have been in the war in Ukraine, and Ukraine has hard-earned lessons to offer.
As a result, Ukraine tries to keep them on the move and concealed and underground.
A Ukrainian defense official said the West should take heed, even though it makes things expensive.
RIGA, Latvia — The West would do well to make sure that its future drone units and command centers are mobile and ideally underground because they are such high-value targets, a Ukrainian defense official said.
The West is investing heavily in drone warfare and tactics after seeing how effective they have been in the war in Ukraine, and Ukraine has hard-earned lessons to offer.
7 months ago
Exclusive-As India seeks Hormuz safe passage, Tehran asks for return of seized tankers, sources say
By Saurabh Sharma and Krishna N. Das
NEW DELHI, March 16 (Reuters) - Iran has asked India to release three tankers seized in February as part of talks seeking the safe passage of Indian‑flagged or India‑bound vessels out of the Gulf via the Strait of Hormuz, three sources with knowledge of the matter told Reuters.
Indian authorities seized the three Iran‑linked tankers near Indian waters alleging they had concealed or altered their identities and were involved in illegal ship‑to‑ship tran
By Saurabh Sharma and Krishna N. Das
NEW DELHI, March 16 (Reuters) - Iran has asked India to release three tankers seized in February as part of talks seeking the safe passage of Indian‑flagged or India‑bound vessels out of the Gulf via the Strait of Hormuz, three sources with knowledge of the matter told Reuters.
Indian authorities seized the three Iran‑linked tankers near Indian waters alleging they had concealed or altered their identities and were involved in illegal ship‑to‑ship tran
11 months ago
Scientists have given us another reason to fear – or marvel at – ruddy-hued marine bloodworms.
The haunting, copper-fanged invertebrates that may grow to over a foot long can do something remarkable with their long flexible mouth, known scientifically as a “proboscis.”
In the event of an attack or the need to burrow, the venomous Glycera dibranchiata bloodworms can “explosively” turn their appendage, which normally remains concealed within their bodies, inside out. Now, researchers say they know how it happens.
The process has been likened to fictional biology portrayed in the 1979 scifi ho
The haunting, copper-fanged invertebrates that may grow to over a foot long can do something remarkable with their long flexible mouth, known scientifically as a “proboscis.”
In the event of an attack or the need to burrow, the venomous Glycera dibranchiata bloodworms can “explosively” turn their appendage, which normally remains concealed within their bodies, inside out. Now, researchers say they know how it happens.
The process has been likened to fictional biology portrayed in the 1979 scifi ho
1 yr. ago
Wednesday morning, I observe that the sun and warm weather remain concealed, and I'm excessively irritable today for this.
#brvl
#wednesdayvibes
#brvl
#wednesdayvibes
1 yr. ago
The news? I spent years trying to keep concealed. My personal business was totally word of mouth. I didn’t grow up in the Tinder Age? I was on the party line. And bonus, no drugs. I was organic.