4 hours ago
As Justin Baldoni's production company is deadlocked with Blake Lively over legal fees, another legal battle is coming to an end.
Wayfarer Studios, which Baldoni cofounded with investor Steve Sarowitz, has been ordered to pay the legal fees that The New York Times incurred in fighting a 2024 defamation lawsuit from the "It Ends with Us" studio.
In a July 27 order from New York Supreme Court Justice Gerald Lebovits, which was reviewed by USA TODAY, The New York Times Co. was determined to be entitled to $171,616.20 in damages. The company was seeking $181,622.70 in fees billed by outside counsel and its in-house legal team, but Lebovits did not agree that some fees were warranted.
The Times had sought attorney fees under New York's anti-Strategic Lawsuits Against Public Participation law after the claims against the newspaper in Wayfarer's federal lawsuit were dismissed in June 2025.
#york #company #justin
Wayfarer Studios, which Baldoni cofounded with investor Steve Sarowitz, has been ordered to pay the legal fees that The New York Times incurred in fighting a 2024 defamation lawsuit from the "It Ends with Us" studio.
In a July 27 order from New York Supreme Court Justice Gerald Lebovits, which was reviewed by USA TODAY, The New York Times Co. was determined to be entitled to $171,616.20 in damages. The company was seeking $181,622.70 in fees billed by outside counsel and its in-house legal team, but Lebovits did not agree that some fees were warranted.
The Times had sought attorney fees under New York's anti-Strategic Lawsuits Against Public Participation law after the claims against the newspaper in Wayfarer's federal lawsuit were dismissed in June 2025.
#york #company #justin
5 hours ago
Bitcoin (BTC) bounced over the weekend session and was stabilizing above the $65,000 support as of Monday.
The cryptocurrency climbed more than 3% from its weekend low to reach an intraday high of around $65,722. Its recovery followed a pause in hostilities between the US and Iran, which sent oil prices sharply lower and improved risk appetite across global markets.
Brent crude consequently fell more than 4% toward $92 per barrel, while West Texas Intermediate dropped over 5% to around $84.
Falling energy prices eased concerns that the Iran conflict would trigger another inflation shock and force the Federal Reserve to maintain a more aggressive monetary policy stance.
Lower oil prices are typically supportive for speculative ***** ets because they can reduce inflation expectations, improve liquidity sentiment and limit upward pressure on bond yields.
#west
The cryptocurrency climbed more than 3% from its weekend low to reach an intraday high of around $65,722. Its recovery followed a pause in hostilities between the US and Iran, which sent oil prices sharply lower and improved risk appetite across global markets.
Brent crude consequently fell more than 4% toward $92 per barrel, while West Texas Intermediate dropped over 5% to around $84.
Falling energy prices eased concerns that the Iran conflict would trigger another inflation shock and force the Federal Reserve to maintain a more aggressive monetary policy stance.
Lower oil prices are typically supportive for speculative ***** ets because they can reduce inflation expectations, improve liquidity sentiment and limit upward pressure on bond yields.
#west
5 hours ago
A federal appellate panel on Tuesday refused to block President Donald Trump's executive order seeking to restrict mail voting, a day after the administration asked the U.S. Supreme Court to weigh in on the proposal in a separate case.
The three-judge panel of the U.S. Court of Appeals for the District of Columbia upheld a May ruling by U.S. District Court Judge Carl J. Nichols that said an injunction against the order was premature. Nichols ruled that the Democrats and voting rights groups who challenged the order couldn't seek the injunction until the Trump administration issued formal regulations governing it. The administration started releasing those directives days later.
The circuit court panel, with two judges appointed by former Democratic President Barack Obama and one by Trump, found that was proper and there were no noted dissents. But the unsigned decision noted that if the administration truly tried to force such changes in the few months remaining before November's midterm election, it may well get halted by courts.
"The action the Order contemplates would involve the President, whom the Constitution vests with no express authority over the conduct of elections, undertaking a substantial and unfunded overhaul of election procedures — including the implementation of a nationwide reform to Postal Service mail-handling processes —on the threshold of the November election. Put differently, the Order 'may not prove feasible to implement in any manner whatsoever,'" said the ruling, quoting a prior legal opinion.
In a separate case filed by Democratic state officials, a federal judge in Massachusetts last month blocked the executive order from taking effect for this year's elections because it was already forcing states, which are granted the power under the U.S. Constitution to control their own elections, to revise their procedures on the fly. That ruling was upheld on Saturday by a Boston-based appeals court and then was appealed to the U.S. Supreme Court on Monday by the Trump administration.
#order
The three-judge panel of the U.S. Court of Appeals for the District of Columbia upheld a May ruling by U.S. District Court Judge Carl J. Nichols that said an injunction against the order was premature. Nichols ruled that the Democrats and voting rights groups who challenged the order couldn't seek the injunction until the Trump administration issued formal regulations governing it. The administration started releasing those directives days later.
The circuit court panel, with two judges appointed by former Democratic President Barack Obama and one by Trump, found that was proper and there were no noted dissents. But the unsigned decision noted that if the administration truly tried to force such changes in the few months remaining before November's midterm election, it may well get halted by courts.
"The action the Order contemplates would involve the President, whom the Constitution vests with no express authority over the conduct of elections, undertaking a substantial and unfunded overhaul of election procedures — including the implementation of a nationwide reform to Postal Service mail-handling processes —on the threshold of the November election. Put differently, the Order 'may not prove feasible to implement in any manner whatsoever,'" said the ruling, quoting a prior legal opinion.
In a separate case filed by Democratic state officials, a federal judge in Massachusetts last month blocked the executive order from taking effect for this year's elections because it was already forcing states, which are granted the power under the U.S. Constitution to control their own elections, to revise their procedures on the fly. That ruling was upheld on Saturday by a Boston-based appeals court and then was appealed to the U.S. Supreme Court on Monday by the Trump administration.
#order
6 hours ago
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The Federal Open Market Committee (FOMC) is meeting this week. During these meetings, the committee **** ses the health of the economy and potentially adjusts the federal funds rate. Read on to learn more about the timeline for this meeting, what it involves, and expected outcomes.
The latest FOMC meeting takes place on July 28-29, 2026. This is its fifth scheduled meeting of the year.
Once the meeting concludes, the FOMC will release its policy decisions on Wednesday at 2 p.m. Eastern time. Then the Fed chairman will hold a news conference at 2:30 p.m.
The live news conferences, held by the Federal Reserve chairman, are livestreamed and recorded. Additionally, the minutes of regularly scheduled meetings are released three weeks after the date of the policy decision.
#committee #chairman #advertiser
The Federal Open Market Committee (FOMC) is meeting this week. During these meetings, the committee **** ses the health of the economy and potentially adjusts the federal funds rate. Read on to learn more about the timeline for this meeting, what it involves, and expected outcomes.
The latest FOMC meeting takes place on July 28-29, 2026. This is its fifth scheduled meeting of the year.
Once the meeting concludes, the FOMC will release its policy decisions on Wednesday at 2 p.m. Eastern time. Then the Fed chairman will hold a news conference at 2:30 p.m.
The live news conferences, held by the Federal Reserve chairman, are livestreamed and recorded. Additionally, the minutes of regularly scheduled meetings are released three weeks after the date of the policy decision.
#committee #chairman #advertiser
6 hours ago
By Karen Brettell and Sruthi Shankar
July 28 (Reuters) - U.S. stocks rebounded from earlier lows on Tuesday ahead of key corporate earnings releases and the Federal Reserve's highly anticipated interest rate decision on Wednesday.
World stocks had earlier fallen to a one-month low as investors dumped chipmakers on concerns about Chinese competition and the funding of the AI boom.
But gains in other sectors offset a decline in chip stocks in the U.S. session.
The Dow Jones Industrial Average rose 1.29% to 52,881.21, the S&P 500 rose 0.37% to 7,440.40 and the Nasdaq Composite rose 0.04% to 24,940.99.
#earlier #brettell #sruthi
July 28 (Reuters) - U.S. stocks rebounded from earlier lows on Tuesday ahead of key corporate earnings releases and the Federal Reserve's highly anticipated interest rate decision on Wednesday.
World stocks had earlier fallen to a one-month low as investors dumped chipmakers on concerns about Chinese competition and the funding of the AI boom.
But gains in other sectors offset a decline in chip stocks in the U.S. session.
The Dow Jones Industrial Average rose 1.29% to 52,881.21, the S&P 500 rose 0.37% to 7,440.40 and the Nasdaq Composite rose 0.04% to 24,940.99.
#earlier #brettell #sruthi
6 hours ago
RICHMOND, Va. (AP) — A Virginia university missed opportunities to learn of a student's terrorism-related conviction before the man opened fire in an ROTC class in March, injuring two students and killing an Army veteran who fought back with "extraordinary heroism," an investigative report released Tuesday found.
The federal probation officer working with Mohamed Bailor Jalloh, who spent eight years in prison for attempting to aid the Islamic State, did not share Jalloh's criminal background with Old Dominion University, despite the serious nature of the offense, according to the report, which was produced by the law firm Cooley on behalf of the university.
Jalloh, who also died in the March attack, had attended the public university in Norfolk beginning in 2007, was suspended in 2010 and reenrolled after his early release from prison in December 2024. He was readmitted to the school in May last year.
No federal or state law enforcement agency reported his prior conviction either, the report said.
State law prohibits the university from inquiring about student criminal history before admission or readmission, according to the report. The university could have asked readmitted students to voluntarily disclose their criminal history but did not at the time, the report said.
#conviction
The federal probation officer working with Mohamed Bailor Jalloh, who spent eight years in prison for attempting to aid the Islamic State, did not share Jalloh's criminal background with Old Dominion University, despite the serious nature of the offense, according to the report, which was produced by the law firm Cooley on behalf of the university.
Jalloh, who also died in the March attack, had attended the public university in Norfolk beginning in 2007, was suspended in 2010 and reenrolled after his early release from prison in December 2024. He was readmitted to the school in May last year.
No federal or state law enforcement agency reported his prior conviction either, the report said.
State law prohibits the university from inquiring about student criminal history before admission or readmission, according to the report. The university could have asked readmitted students to voluntarily disclose their criminal history but did not at the time, the report said.
#conviction
6 hours ago
The U.S. dollar, euro and British pound enter a pivotal week as investors prepare for the Federal Reserve's July 29 to 30 meeting and the ECB's decision last week while new data comes through. Most **** ysts expect that the Fed will leave rates where they are, although the market will be watching out for clues from Chair Jerome Powell given that the latest US data has confirmed the strength of the economy.
June retail sales were up by 0.2% on the month, while the control group increased by 0.4%, and initial claims for unemployment benefits dropped to 208,000, a three-month low, underlining the strength of the consumer and the labour market. This week brings out the second-quarter GDP, the PCE inflation print for June and July non-farm payrolls which could alter thinking around the second half of the year.
The ECB decided to keep its deposit rate at 2.25% as it sees inflation edging toward its 2% target while remaining data-dependent. ECB President Christine Lagarde said growth remains weak, with members continuing to **** s the impact of the economic effect of trade and higher energy costs on the economic environment.
Sterling remains supported by expectations that the Bank of England will proceed cautiously after it kept Bank Rate at 3.75%, and it sees the UK policymakers juggle between curbing inflation and a steady wage-growth and a cooling labour market. UK mortgage approvals, consumer credit and business surveys are released this week as they provide evidence for the economy ahead of the next Bank of England meeting.
The U.S. Dollar Index is maintaining a healthy uptrend after bouncing off support in the 100.50 zone along the uptrend line. Currently, the index trades at 101.28, keeping the 50-day EMA (101.12) and 100-day EMA (101.01) beneath the index level. The RSI is sitting at 53.
#market #inflation #england
June retail sales were up by 0.2% on the month, while the control group increased by 0.4%, and initial claims for unemployment benefits dropped to 208,000, a three-month low, underlining the strength of the consumer and the labour market. This week brings out the second-quarter GDP, the PCE inflation print for June and July non-farm payrolls which could alter thinking around the second half of the year.
The ECB decided to keep its deposit rate at 2.25% as it sees inflation edging toward its 2% target while remaining data-dependent. ECB President Christine Lagarde said growth remains weak, with members continuing to **** s the impact of the economic effect of trade and higher energy costs on the economic environment.
Sterling remains supported by expectations that the Bank of England will proceed cautiously after it kept Bank Rate at 3.75%, and it sees the UK policymakers juggle between curbing inflation and a steady wage-growth and a cooling labour market. UK mortgage approvals, consumer credit and business surveys are released this week as they provide evidence for the economy ahead of the next Bank of England meeting.
The U.S. Dollar Index is maintaining a healthy uptrend after bouncing off support in the 100.50 zone along the uptrend line. Currently, the index trades at 101.28, keeping the 50-day EMA (101.12) and 100-day EMA (101.01) beneath the index level. The RSI is sitting at 53.
#market #inflation #england
6 hours ago
President Trump's campaign for lower interest rates in the U.S. faces another setback this week at the meeting of the Federal Open Market Committee (FOMC). Wall Street ***** ysts have generally come to the conclusion that the FOMC will hold rates steady, if not hike them—and Trump's own foreign policy is an underlying factor.
The FOMC, led by central bank chairman Kevin Warsh, will meet Tuesday and Wednesday of this week to discuss progress toward its targets of maximum employment and inflation at 2%.
It is the latter task that has caused the Fed some difficulty over the past few years. At the time of writing, inflation stands at 3.5%—a drop from May to June, but still elevated compared with the start of the year and the Fed's target.
Part of that reading has come from higher fuel prices, up 15.7% from a year ago. While pressure in this category is beginning to fade (down 4.9% May to June), prices remain elevated as a result of conflict in the Middle East, choking global oil supply as a result.
There is little sign of a resolution between Washington and Tehran in sight. While the two sides are not currently engaged in active military conflict, as they have been over the past fortnight, no official ceasefire has been announced. While the fragile pause of fire allows ***** e for diplomacy to proceed, neither side has indicated they will capitulate over control of the Strait of Hormuz—the key shipping lane in the movement of oil around the planet.
Trump's foreign policy is therefore standing in the way of Warsh's path to a cut—Wall Street ***** ysts highlighted at the start of the week.
Bank of America's base case is for a hold this month, wrote chief U.S. economist Aditya Bhave and his team: "With markets now pricing nearly 10 [basis points] of hikes in July, Chair Warsh faces a difficult choice. Not hiking could challenge the Fed's credibility on inflation. But raising rates would go against his framework of looking through supply shocks.
#bank
The FOMC, led by central bank chairman Kevin Warsh, will meet Tuesday and Wednesday of this week to discuss progress toward its targets of maximum employment and inflation at 2%.
It is the latter task that has caused the Fed some difficulty over the past few years. At the time of writing, inflation stands at 3.5%—a drop from May to June, but still elevated compared with the start of the year and the Fed's target.
Part of that reading has come from higher fuel prices, up 15.7% from a year ago. While pressure in this category is beginning to fade (down 4.9% May to June), prices remain elevated as a result of conflict in the Middle East, choking global oil supply as a result.
There is little sign of a resolution between Washington and Tehran in sight. While the two sides are not currently engaged in active military conflict, as they have been over the past fortnight, no official ceasefire has been announced. While the fragile pause of fire allows ***** e for diplomacy to proceed, neither side has indicated they will capitulate over control of the Strait of Hormuz—the key shipping lane in the movement of oil around the planet.
Trump's foreign policy is therefore standing in the way of Warsh's path to a cut—Wall Street ***** ysts highlighted at the start of the week.
Bank of America's base case is for a hold this month, wrote chief U.S. economist Aditya Bhave and his team: "With markets now pricing nearly 10 [basis points] of hikes in July, Chair Warsh faces a difficult choice. Not hiking could challenge the Fed's credibility on inflation. But raising rates would go against his framework of looking through supply shocks.
#bank
6 hours ago
PORTLAND, Ore. (AP) — Part of a major interstate highway in Oregon was closed Monday due to a wildfire that forced a small town to evacuate, one of dozens of blazes burning across the state.
The Fox Fire forced the closure of Interstate 84 for some 70 miles (113 kilometers) between Baker City and Ontario near the Idaho state line before reopening later in the day, the Oregon Department of Transportation said. I-84 is a key thoroughfare, running from Portland in the west through the Columbia River Gorge and into eastern Oregon before crossing the Snake River eastward through Boise.
The transportation department said the wildfire remains active in the area and that intermittent closures were still possible.
Challenging wildfires have burned across the Western U.S. this summer, following months of dry weather, a record lack of snow in some areas, hot spells and erratic winds. Federal authorities announced Saturday that a fourth firefighter died of his injuries after he and several colleagues were overcome last month by a fast-moving wildfire near the Colorado-Utah border.
The Fox Fire was burning near the Oregon-Idaho state line about 12 miles (19 kilometers) northeast of the small town of Huntington, which was under a Level 3 "Go Now" evacuation order, meaning its roughly 500 residents have been told to leave immediately.
#portland #idaho
The Fox Fire forced the closure of Interstate 84 for some 70 miles (113 kilometers) between Baker City and Ontario near the Idaho state line before reopening later in the day, the Oregon Department of Transportation said. I-84 is a key thoroughfare, running from Portland in the west through the Columbia River Gorge and into eastern Oregon before crossing the Snake River eastward through Boise.
The transportation department said the wildfire remains active in the area and that intermittent closures were still possible.
Challenging wildfires have burned across the Western U.S. this summer, following months of dry weather, a record lack of snow in some areas, hot spells and erratic winds. Federal authorities announced Saturday that a fourth firefighter died of his injuries after he and several colleagues were overcome last month by a fast-moving wildfire near the Colorado-Utah border.
The Fox Fire was burning near the Oregon-Idaho state line about 12 miles (19 kilometers) northeast of the small town of Huntington, which was under a Level 3 "Go Now" evacuation order, meaning its roughly 500 residents have been told to leave immediately.
#portland #idaho
6 hours ago
By Nate Raymond
July 28 (Reuters) - EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish.
David and Ina Steiner announced the settlement late on Monday, bringing an end to a case they filed in 2021 in Boston federal court after several former eBay employees were prosecuted for targeting them in a cyber-stalking campaign that involved sending the couple **** roaches, fly larvae and a **** Halloween pig mask.
As part of the settlement, eBay agreed to pay $46.15 million to the couple; fund $6 million in charitable contributions to nonprofit organizations; and issue a "strongly-worded" statement about the conduct of three of its top former executives.
"We believe this resolution sends a clear message that corporations and their executives cannot engage in this type of misconduct without facing significant consequences," Christopher Murphy, the Steiners' attorney, said in a statement.
#million #couple #stalking #several
July 28 (Reuters) - EBay and three former top executives have agreed to pay $55.7 million to resolve a lawsuit by a Massachusetts couple who fell victim to a bizarre stalking and harassment campaign carried out by several of its employees in retaliation for their coverage of the e-commerce company in a newsletter they publish.
David and Ina Steiner announced the settlement late on Monday, bringing an end to a case they filed in 2021 in Boston federal court after several former eBay employees were prosecuted for targeting them in a cyber-stalking campaign that involved sending the couple **** roaches, fly larvae and a **** Halloween pig mask.
As part of the settlement, eBay agreed to pay $46.15 million to the couple; fund $6 million in charitable contributions to nonprofit organizations; and issue a "strongly-worded" statement about the conduct of three of its top former executives.
"We believe this resolution sends a clear message that corporations and their executives cannot engage in this type of misconduct without facing significant consequences," Christopher Murphy, the Steiners' attorney, said in a statement.
#million #couple #stalking #several
6 hours ago
The Federal Reserve's decision on Wednesday to hold interest rates steady or hike them is one of the most unclear in years.
Renewed tensions in the Middle East have pushed oil prices higher again, feeding the hawks' worries that energy prices could translate into sticky, broad-based inflation and necessitate a rate hike. At the same time, the latest inflation report showed prices cooled, giving the central bank some breathing room and bolstering the case to hold rates steady.
Former Kansas City Fed president Esther George said there's a 50-50 chance the Fed will either hold rates steady or raise them.
"The arguments you could create for them holding or raising seem pretty valid, but Kevin Warsh is not going to give you any tidbits to lead in the direction he wants to go," George said in an interview.
"It wouldn't surprise me if they hiked by 25 basis points at this meeting," George added. "The two-year [Treasury yield] is higher than the fed funds rate, so that may be enough to move people, but I think September is more likely in this sense."
#hold #hike #federal
Renewed tensions in the Middle East have pushed oil prices higher again, feeding the hawks' worries that energy prices could translate into sticky, broad-based inflation and necessitate a rate hike. At the same time, the latest inflation report showed prices cooled, giving the central bank some breathing room and bolstering the case to hold rates steady.
Former Kansas City Fed president Esther George said there's a 50-50 chance the Fed will either hold rates steady or raise them.
"The arguments you could create for them holding or raising seem pretty valid, but Kevin Warsh is not going to give you any tidbits to lead in the direction he wants to go," George said in an interview.
"It wouldn't surprise me if they hiked by 25 basis points at this meeting," George added. "The two-year [Treasury yield] is higher than the fed funds rate, so that may be enough to move people, but I think September is more likely in this sense."
#hold #hike #federal
6 hours ago
A federal appeals court has upheld a ruling that halted President Donald Trump's executive order to create a federal list of eligible voters and limit delivery of mail ballots only to people on that list.
The ruling over the weekend rejected the Trump administration's effort to move forward with the mail-in voting restrictions in 23 U.S. states that sued ahead of November's midterm elections.
Also, the Trump administration has acknowledged in court documents that it canceled $7.6 billion in grants for hundreds of clean energy projects "based solely on the political identity of the grant recipient's state" — in this case, 16 states that voted for Democrat Kamala Harris in the 2024 presidential election.
Here's the latest:
Speaking to workers at a GM facility in Milford, Michigan, Trump touted steep tariffs that he says have protected the U.S. auto industry and revived production in the United States.
#states #court #ruling #list
The ruling over the weekend rejected the Trump administration's effort to move forward with the mail-in voting restrictions in 23 U.S. states that sued ahead of November's midterm elections.
Also, the Trump administration has acknowledged in court documents that it canceled $7.6 billion in grants for hundreds of clean energy projects "based solely on the political identity of the grant recipient's state" — in this case, 16 states that voted for Democrat Kamala Harris in the 2024 presidential election.
Here's the latest:
Speaking to workers at a GM facility in Milford, Michigan, Trump touted steep tariffs that he says have protected the U.S. auto industry and revived production in the United States.
#states #court #ruling #list
7 hours ago
The Federal Reserve kicks off its two-day policy meeting on Tuesday, culminating with an interest rate decision at 2:00 p.m. ET on Wednesday. The Fed's next move — to hold or hike — remains a close call.
Markets expect the central bank to keep interest rates unchanged, but inflationary pressures arising from the war in Iran and AI bottlenecks could prompt officials to opt for a surprise hike. Bond traders placed 68.5% odds that the Fed will hold rates steady and 31.5% odds that it will hike, according to the CME Group's FedWatch on Tuesday morning.
The Fed's decision is opaque not only due to the balance of economic forces; it's also by design. As new Fed Chairman Kevin Warsh reforms the institution, he's looking to bring the Fed back to an era of less communication with markets on the path of policy.
Warsh has repeatedly said he wants a "good family fight" at Federal Open Market Committee (FOMC) meetings. He's likely to get that, as officials remain divided on whether to hike interest rates this year.
Bloomberg report:
#interest #federal #markets #hold
Markets expect the central bank to keep interest rates unchanged, but inflationary pressures arising from the war in Iran and AI bottlenecks could prompt officials to opt for a surprise hike. Bond traders placed 68.5% odds that the Fed will hold rates steady and 31.5% odds that it will hike, according to the CME Group's FedWatch on Tuesday morning.
The Fed's decision is opaque not only due to the balance of economic forces; it's also by design. As new Fed Chairman Kevin Warsh reforms the institution, he's looking to bring the Fed back to an era of less communication with markets on the path of policy.
Warsh has repeatedly said he wants a "good family fight" at Federal Open Market Committee (FOMC) meetings. He's likely to get that, as officials remain divided on whether to hike interest rates this year.
Bloomberg report:
#interest #federal #markets #hold
7 hours ago
Three cryptocurrency investors filed a federal lawsuit against Apple (Nasdaq: AAPL) on July 24. They allege they lost a combined $1.8 million in Bitcoin through a fake wallet app listed on the App Store.
The complaint was filed in the U.S. District Court for the Northern District of California. It accuses Apple of failing to adequately review and monitor apps distributed through its platform.
Apple recently overtook Nvidia to become the world's largest public company by market capitalization. Its valuation stood at about $4.989 trillion at the time of writing.
Related: Cheaper Amazon cloud rival files for Chapter 11 bankruptcy
The plaintiffs said they trusted the fake app because Apple markets the App Store as:
#Apple #store #filed #Bitcoin
The complaint was filed in the U.S. District Court for the Northern District of California. It accuses Apple of failing to adequately review and monitor apps distributed through its platform.
Apple recently overtook Nvidia to become the world's largest public company by market capitalization. Its valuation stood at about $4.989 trillion at the time of writing.
Related: Cheaper Amazon cloud rival files for Chapter 11 bankruptcy
The plaintiffs said they trusted the fake app because Apple markets the App Store as:
#Apple #store #filed #Bitcoin
7 hours ago
Moving from California to Nevada eliminates the 9.3% state income tax on RMDs, saving six figures over 20 years on a $2.1 million IRA.
Nevada residency doesn't fix federal exposure: IRMAA surcharges kick in above $109,000 MAGI, and up to 85% of Social Security stays federally taxable.
A Qualified Charitable Distribution of up to $111,000 in 2026 can satisfy the entire first RMD and keep it out of AGI completely.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
A recent post on r/personalfinance describes exactly this move: a father who rolled a large 401(k) into a traditional IRA at 72, then relocated from California to Nevada for what the poster called "a 9.3% instant savings once RMD hits." The specifics fit a common profile: a $2.1 million balance, a first required minimum distribution one year away, and a California tax bill that grows every year the account does. The math on why the U-Haul is worth it, and the federal trap the move does not solve, is more interesting than the headline.
#california #distribution #federal
Nevada residency doesn't fix federal exposure: IRMAA surcharges kick in above $109,000 MAGI, and up to 85% of Social Security stays federally taxable.
A Qualified Charitable Distribution of up to $111,000 in 2026 can satisfy the entire first RMD and keep it out of AGI completely.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
A recent post on r/personalfinance describes exactly this move: a father who rolled a large 401(k) into a traditional IRA at 72, then relocated from California to Nevada for what the poster called "a 9.3% instant savings once RMD hits." The specifics fit a common profile: a $2.1 million balance, a first required minimum distribution one year away, and a California tax bill that grows every year the account does. The math on why the U-Haul is worth it, and the federal trap the move does not solve, is more interesting than the headline.
#california #distribution #federal
10 hours ago
New Italy coach Roberto Mancini and technical director Claudio Ranieri will hold their first press conference tomorrow at 18:00 CET, Giovanni Malagò announced.
Mancini is set to return as Italy's head coach for a second stint, Malagò confirmed during a press conference on Tuesday.
Click here to subscribe to the official Football Italia YouTube channel
"It is very positive that both Roberto Mancini and Claudio Ranieri have behaved with great sensibility on the budget issues that need to be taken into consideration," Malagò said.
The press conference took place after a FIGC federal meeting, during which Malagò informed members that he had picked Mancini as the new head coach.
#press #conference #italy
Mancini is set to return as Italy's head coach for a second stint, Malagò confirmed during a press conference on Tuesday.
Click here to subscribe to the official Football Italia YouTube channel
"It is very positive that both Roberto Mancini and Claudio Ranieri have behaved with great sensibility on the budget issues that need to be taken into consideration," Malagò said.
The press conference took place after a FIGC federal meeting, during which Malagò informed members that he had picked Mancini as the new head coach.
#press #conference #italy
11 hours ago
After Germany and France, Italy has now also found a new national team coach. Following a successful era between 2018 and 2023, the Squadra Azzurra will once again be led by Roberto Mancini. This was confirmed by president Giovanni Malagò at the press conference after the end of the Federal Council meeting at the FIGC headquarters. Claudio Ranieri was also confirmed as the new Technical Director.
Mancini is the new national team coach
"The national team coach? Time was pressing. I believed that Roberto Mancini had to be the person to become coach of the national team. Both Roberto Mancini and Claudio Ranieri showed complete willingness and great understanding regarding the financial aspects and our budget requirements."
Ranieri is the new Technical Director
"I needed a person with whom I could share the decision on the national team coach. That person is Claudio Ranieri. Just a few minutes ago, he signed his contract. Ranieri and Mancini have already spoken with each other. Tomorrow at 6:00 p.m. there will be a joint press conference."
#team #coach #claudio #technical
Mancini is the new national team coach
"The national team coach? Time was pressing. I believed that Roberto Mancini had to be the person to become coach of the national team. Both Roberto Mancini and Claudio Ranieri showed complete willingness and great understanding regarding the financial aspects and our budget requirements."
Ranieri is the new Technical Director
"I needed a person with whom I could share the decision on the national team coach. That person is Claudio Ranieri. Just a few minutes ago, he signed his contract. Ranieri and Mancini have already spoken with each other. Tomorrow at 6:00 p.m. there will be a joint press conference."
#team #coach #claudio #technical
12 hours ago
The people familiar with the search didn't say where the devices are currently or what information was being sought, but seizing the electronics from a high-profile business leader like Walter is a significant investigative step. Probes by prosecutors can end without charges being brought. The search warrant was one of several executed last September, according to other people with knowledge of the probe, who asked not to be identified discussing a confidential matter. Federal prosecutors in Manhattan have been investigating potential financial improprieties at two of Walter's insurance companies and at Guggenheim Partners, the financial firm Walter leads, Bloomberg News has reported.
This article originally appeared on Hoops Hype: The people familiar with the search didn't say where …
#financial #probes #september #federal
This article originally appeared on Hoops Hype: The people familiar with the search didn't say where …
#financial #probes #september #federal
12 hours ago
Federal agents seized the mobile phone and computer of Los Angeles Dodgers owner Mark Walter last September in a wide-ranging probe into the financial dealings of the billionaire's businesses, according to people with knowledge of the matter. The Federal Bureau of Investigation carried out a search warrant aboard a private plane at a Chicago airport where Walter was traveling, said the people, who spoke on condition of anonymity to discuss sensitive matters. The FBI's Chicago field office confirmed that it executed a court-authorized search for a mobile phone and laptop on an aircraft at Midway International Airport on Sept. 18 but declined to comment further.
This article originally appeared on Hoops Hype: FBI seized Lakers owner Mark Walter's phone and computer in federal probe
#walter #mobile #computer
This article originally appeared on Hoops Hype: FBI seized Lakers owner Mark Walter's phone and computer in federal probe
#walter #mobile #computer
15 hours ago
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Today's CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 2025 and has left rates alone in 2026. This has had a ripple effect on deposit account rates, making now a great opportunity to lock in today's high rates with a certificate of deposit (CD). Here's a look at today's best CD rates and where you can find the best offers.
Today, the highest CD rate is 4.20% APY. This rate is offered by Sallie Mae on its 2-year CD.
Here is a look at some of the best CD rates available today from our verified partners.
If you're considering a CD, these rates are among the highest available, especially compared to the national average, which is significantly lower. It's also worth noting that online banks and credit unions generally offer more competitive rates than traditional brick-and-mortar banks.
#rate #offers
Today's CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 2025 and has left rates alone in 2026. This has had a ripple effect on deposit account rates, making now a great opportunity to lock in today's high rates with a certificate of deposit (CD). Here's a look at today's best CD rates and where you can find the best offers.
Today, the highest CD rate is 4.20% APY. This rate is offered by Sallie Mae on its 2-year CD.
Here is a look at some of the best CD rates available today from our verified partners.
If you're considering a CD, these rates are among the highest available, especially compared to the national average, which is significantly lower. It's also worth noting that online banks and credit unions generally offer more competitive rates than traditional brick-and-mortar banks.
#rate #offers
16 hours ago
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
There has long been an elephant in the Federal Open Market Committee's room as it tries to accomplish its mission of promoting maximum employment and stable prices. It's just much, much bigger now, and it's hard to ignore a $2 trillion elephant.
That's roughly how much the US government is issuing in new Treasury bills and bonds each year as the country's budget deficit swells. Its massive spending problem isn't new: The US has run a deficit for more than two decades, helped along by the 2008 financial crisis and the COVID-19 pandemic. But the economy is looking relatively healthy now, with inflation down from its decades-high record in 2022, shrinking to 3.5% in June. Weekly jobless claims just dropped to their lowest level since 1969. And yet the government is still issuing increasing amounts of debt. Economists say it's unsustainable.
Reducing the federal deficit may be Congress's job, but the central bank, led by Chair Kevin Warsh, has to contend with the economic effects of Treasury borrowing as it determines whether to hike, cut or hold interest rates steady. A committee that already is split on where interest rates should head will gather this week to decide what's next as a growing chorus of experts point to the problem the federal deficit poses.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
#much
There has long been an elephant in the Federal Open Market Committee's room as it tries to accomplish its mission of promoting maximum employment and stable prices. It's just much, much bigger now, and it's hard to ignore a $2 trillion elephant.
That's roughly how much the US government is issuing in new Treasury bills and bonds each year as the country's budget deficit swells. Its massive spending problem isn't new: The US has run a deficit for more than two decades, helped along by the 2008 financial crisis and the COVID-19 pandemic. But the economy is looking relatively healthy now, with inflation down from its decades-high record in 2022, shrinking to 3.5% in June. Weekly jobless claims just dropped to their lowest level since 1969. And yet the government is still issuing increasing amounts of debt. Economists say it's unsustainable.
Reducing the federal deficit may be Congress's job, but the central bank, led by Chair Kevin Warsh, has to contend with the economic effects of Treasury borrowing as it determines whether to hike, cut or hold interest rates steady. A committee that already is split on where interest rates should head will gather this week to decide what's next as a growing chorus of experts point to the problem the federal deficit poses.
Sign up for The Daily Upside at no cost for premium **** ysis on all your favorite stocks.
#much
16 hours ago
Storj filed for bankruptcy protection on Sunday. The company says its network still works and STORJ tokens still work. Its owner made similar promises nine months ago.
Storj now wants to hand token holders a slice of the rebuilt company. But a judge must approve that. And creditors get paid first.
Storj Labs filed in a federal bankruptcy court in West Virginia. The case number is 5:26-bk-00512.
Follow us on X to get the latest news as it happens
Chapter 11 is not a shutdown. It lets a company keep trading while a court helps it clear its debts.
#storj #still
Storj now wants to hand token holders a slice of the rebuilt company. But a judge must approve that. And creditors get paid first.
Storj Labs filed in a federal bankruptcy court in West Virginia. The case number is 5:26-bk-00512.
Follow us on X to get the latest news as it happens
Chapter 11 is not a shutdown. It lets a company keep trading while a court helps it clear its debts.
#storj #still
21 hours ago
S&P Global's composite PMI climbed to 53.6 in July, its highest reading in eight months, signaling roughly 2% annualized GDP growth in Q3.
Rising input costs, supply chain disruptions, and the fastest selling-price increases in years give the Fed little reason to cut rates before 2027.
Companies with strong balance sheets, free cash flow, and pricing power are best positioned to outperform in a higher-for-longer rate environment.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The biggest question facing investors today isn't whether the U.S. economy is slowing -- it's whether it's slowing enough for the Federal Reserve to finally begin cutting interest rates. New data suggests the answer may be no.
#free #whether #rising #Companies
Rising input costs, supply chain disruptions, and the fastest selling-price increases in years give the Fed little reason to cut rates before 2027.
Companies with strong balance sheets, free cash flow, and pricing power are best positioned to outperform in a higher-for-longer rate environment.
Don't wait: the **** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The biggest question facing investors today isn't whether the U.S. economy is slowing -- it's whether it's slowing enough for the Federal Reserve to finally begin cutting interest rates. New data suggests the answer may be no.
#free #whether #rising #Companies
21 hours ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
A billionaire-backed podcast host is taking aim at President Donald Trump over one of his biggest campaign promises — cutting the national debt.
Investor Jason Calacanis says Trump has instead presided over a historic surge in federal borrowing, putting the president's fiscal pledges under renewed scrutiny.
The U.S. national debt hit $39 trillion in March and currently stands at around $39.6 trillion. The debt has increased in recent years, instead of going down as Trump promised.
Don't Miss:
#debt #instead #president
A billionaire-backed podcast host is taking aim at President Donald Trump over one of his biggest campaign promises — cutting the national debt.
Investor Jason Calacanis says Trump has instead presided over a historic surge in federal borrowing, putting the president's fiscal pledges under renewed scrutiny.
The U.S. national debt hit $39 trillion in March and currently stands at around $39.6 trillion. The debt has increased in recent years, instead of going down as Trump promised.
Don't Miss:
#debt #instead #president
22 hours ago
For the first time in several quarters, there's genuine uncertainty around what the Federal Reserve is going to do at its upcoming July 28-29 meeting.
According to the latest dot plot report, about half of the Fed's voting members favor a rate hike by year-end, while the other half don't. New chair Kevin Warsh himself decided not to submit his own economic projection in June and has been vague about where and when he thinks rates will move next. The only real indication he's given is that he has "no tolerance" for high inflation.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The markets hate uncertainty, and this situation is loaded with it. So how should you position your portfolio heading into the July Fed meeting? The best solution might be the simplest one.
A lot of people are going to be tempted to make trades or portfolio adjustments based on whether they think the Fed will hold rates steady or hike them.
#NVIDIA #flashing #first #uncertainty
According to the latest dot plot report, about half of the Fed's voting members favor a rate hike by year-end, while the other half don't. New chair Kevin Warsh himself decided not to submit his own economic projection in June and has been vague about where and when he thinks rates will move next. The only real indication he's given is that he has "no tolerance" for high inflation.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The markets hate uncertainty, and this situation is loaded with it. So how should you position your portfolio heading into the July Fed meeting? The best solution might be the simplest one.
A lot of people are going to be tempted to make trades or portfolio adjustments based on whether they think the Fed will hold rates steady or hike them.
#NVIDIA #flashing #first #uncertainty
22 hours ago
Markets face the week's most consequential moment Wednesday at 2:00pm when the Federal Reserve announces its rate decision and Fed Chair Kevin Warsh holds his first post-decision press conference, setting policy direction.
This comes amid extraordinary uncertainty about technology sector valuations, artificial intelligence infrastructure spending, and economic growth trajectory.
The decision arrives after a week dominated by disappointing technology earnings that intensified AI bubble concerns and validated investor skepticism about whether massive data center investments will translate into proportional revenue and earnings growth.
Intel Corp Shows Strong Q2 Results and Free Cash Flow - Shorting INTC Puts is Still the Best Play
Option Volatility And Earnings Report For July 27-31
Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, ******* ysis, and headlines.
#decision #free #reserve
This comes amid extraordinary uncertainty about technology sector valuations, artificial intelligence infrastructure spending, and economic growth trajectory.
The decision arrives after a week dominated by disappointing technology earnings that intensified AI bubble concerns and validated investor skepticism about whether massive data center investments will translate into proportional revenue and earnings growth.
Intel Corp Shows Strong Q2 Results and Free Cash Flow - Shorting INTC Puts is Still the Best Play
Option Volatility And Earnings Report For July 27-31
Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, ******* ysis, and headlines.
#decision #free #reserve
22 hours ago
The Red Sea heated up as the rising front in the U.S.-Iran war as Houthi rebels on Sunday attacked two refinery and export sites on Saudi Arabia's west coast. U.S. supplied Patriot missiles reportedly intercepted two ballistic missiles targeting oil installations in Yanbu. Damage to the Saudi refinery in Jizan was unconfirmed, but Al Jazeera reported a large column of smoke following the attack.
In Iran, as of Sunday morning, no new air attacks by U.S. or Israeli forces were reported since Friday.
But the Houthi-Saudi escalation appears set to make the Red Sea's choke-point effect on oil prices, supplies and tanker day rates central to the coming week's market action. Another focal point will be the Federal Reserve and its stance on rate hikes.
But the most prominent discussions will probably involve the balance sheets and artificial intelligence-related spending levels of Magnificent 7 names Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) and Meta Platforms (META), all of which report during the week.
Shares of Alphabet (GOOGL) dived nearly 8% and broke critical technical support last week as spending levels and guidance disappointed investors. That played a large role in dragging the Nasdaq below its early June lows, setting the stage for the index to dive to a test of support at its 200-day moving average.
#reported #large
In Iran, as of Sunday morning, no new air attacks by U.S. or Israeli forces were reported since Friday.
But the Houthi-Saudi escalation appears set to make the Red Sea's choke-point effect on oil prices, supplies and tanker day rates central to the coming week's market action. Another focal point will be the Federal Reserve and its stance on rate hikes.
But the most prominent discussions will probably involve the balance sheets and artificial intelligence-related spending levels of Magnificent 7 names Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) and Meta Platforms (META), all of which report during the week.
Shares of Alphabet (GOOGL) dived nearly 8% and broke critical technical support last week as spending levels and guidance disappointed investors. That played a large role in dragging the Nasdaq below its early June lows, setting the stage for the index to dive to a test of support at its 200-day moving average.
#reported #large
22 hours ago
SAN DIEGO (AP) — Federal wildlife authorities are investigating after a video appeared to show a person kicking a protected sea lion at a beach in California.
A spokesperson for the federal National Oceanic and Atmospheric Administration confirmed an ongoing investigation into the incident but declined to provide additional details Sunday.
The video appears to show a person throwing kicks at the sea lion at La Jolla Cove in San Diego as at least one other person can be heard laughing in the background. The person follows the sea lion, throwing more kicks at the animal as it tries to scoot away before the video ends.
"NOAA Fisheries' Office of Law Enforcement is investigating reports of a video on social media that shows an interaction between an individual and sea lion, allegedly in La Jolla Cove," a spokesperson for the agency said. "In the video, the individual appears to be kicking the sea lion. This is an ongoing investigation, and we cannot provide further details at this time."
The person in the video has not been publicly identified.
#jolla #investigating
A spokesperson for the federal National Oceanic and Atmospheric Administration confirmed an ongoing investigation into the incident but declined to provide additional details Sunday.
The video appears to show a person throwing kicks at the sea lion at La Jolla Cove in San Diego as at least one other person can be heard laughing in the background. The person follows the sea lion, throwing more kicks at the animal as it tries to scoot away before the video ends.
"NOAA Fisheries' Office of Law Enforcement is investigating reports of a video on social media that shows an interaction between an individual and sea lion, allegedly in La Jolla Cove," a spokesperson for the agency said. "In the video, the individual appears to be kicking the sea lion. This is an ongoing investigation, and we cannot provide further details at this time."
The person in the video has not been publicly identified.
#jolla #investigating
4 days ago
As many Americans struggle to make ends meet, Federal Reserve Chair Kevin Warsh has pledged to bring inflation back to its 2% target, but it remains unclear exactly how he plans to get there as the central bank heads into its July meeting.
The Fed often finds itself at a crossroads, balancing its dual mandate of maximum employment and stable prices. It has two main tools it uses to address both – its balance sheet and the federal funds rate, a benchmark for interest rates. The Fed typically raises its target range for the rate to tame inflation and lowers it to stimulate the job market.
After three months of accelerating inflation, it slowed in June, though some forecasters expect it may tick back up amid renewed U.S.-Iran hostilities. And after three months of positive job growth, U.S. employer hiring fell in June — leaving the Fed to sort out whether these recent swings are just noise or the start of new trends.
The Fed may also be at a crossroads when it comes to delivering on Warsh's promise of price stability for U.S. consumers. Many Americans don't want higher interest rates on their credit cards and personal loans, but they also don't want prices to keep rising. Raising the Fed's benchmark interest rate could help cool inflation, but it would also make borrowing more expensive.
Dean Lyulkin, CEO of Cardiff, a small-business loan company, said Warsh's refusal to provide forward guidance has made the outcome of the July meeting difficult to predict.
#rate
The Fed often finds itself at a crossroads, balancing its dual mandate of maximum employment and stable prices. It has two main tools it uses to address both – its balance sheet and the federal funds rate, a benchmark for interest rates. The Fed typically raises its target range for the rate to tame inflation and lowers it to stimulate the job market.
After three months of accelerating inflation, it slowed in June, though some forecasters expect it may tick back up amid renewed U.S.-Iran hostilities. And after three months of positive job growth, U.S. employer hiring fell in June — leaving the Fed to sort out whether these recent swings are just noise or the start of new trends.
The Fed may also be at a crossroads when it comes to delivering on Warsh's promise of price stability for U.S. consumers. Many Americans don't want higher interest rates on their credit cards and personal loans, but they also don't want prices to keep rising. Raising the Fed's benchmark interest rate could help cool inflation, but it would also make borrowing more expensive.
Dean Lyulkin, CEO of Cardiff, a small-business loan company, said Warsh's refusal to provide forward guidance has made the outcome of the July meeting difficult to predict.
#rate
4 days ago
Sean 'Diddy' Combs was reportedly sent to solitary confinement after he was involved in a fight with a fellow inmate this week.
The disgraced rapper allegedly sparked a brawl inside Fort Dix Federal Correctional Institution, a low-security prison located in New Jersey, after he was insulted by another prisoner.
The inmates reportedly got into a heated altercation and exchanged shoves and jabs before they were separated by prison guards, TMZ reports.
According to the outlet, Diddy was then thrown into solitary, although it is unclear if the other inmate also faced the same fate.
It also isn't clear if Diddy is still there, but his spokesperson said they were "unable to confirm this [report] at the moment" when asked for comment.
#sean
The disgraced rapper allegedly sparked a brawl inside Fort Dix Federal Correctional Institution, a low-security prison located in New Jersey, after he was insulted by another prisoner.
The inmates reportedly got into a heated altercation and exchanged shoves and jabs before they were separated by prison guards, TMZ reports.
According to the outlet, Diddy was then thrown into solitary, although it is unclear if the other inmate also faced the same fate.
It also isn't clear if Diddy is still there, but his spokesperson said they were "unable to confirm this [report] at the moment" when asked for comment.
#sean
