Freight fraud risks and carrier vetting are the focus as Highway Chief Commercial Officer Michael Caney joins FreightWaves Today. He breaks down what brokers, carriers and shippers need to watch right now when onboarding and monitoring capacity.If you work fraud prevention, carrier compliance or network procurement, this conversation gets straight to the operational takeaway without the fluff.#FreightFraud #CarrierVetting #SupplyChain
Carrier-vetting platform Highway is putting its balance sheet behind its fraud-detection product: if a broker moves freight using Highway's guarantee standard and loses a load, Highway writes a check for $100,000. The company's chief commercial officer said the program covers the vast majority of carrier capacity in North America — and has paid out only once across roughly one million loads.
Of the approximately 175,000 carriers that move freight for freight brokers, Highway says more than 82% qualify for the guarantee tier. "What I would tell you is the industry keeps trying to solve for the bottom 18% of the market," the CCO said. "And what we're saying is if you will just move your freight to this cohort of carriers, which is the majority of capacity in North America, not only will you be fine, but Highway will stand behind it with a performance guarantee."
"The average cargo theft is not the $100,000, it's $250,000. This idea that a motor carrier can just show up and say, hey man, I'm gonna need this cargo, it's $250 grand, I'm good for it, is bananas."
The single payout to date stemmed from an identity-design flaw tied to California's non-domiciled limited-term licensing rules. A fraudulent carrier obtained a new license through California's process, resubmitted in Highway's system, and the alert dropped off before the bug was caught and fixed — costing Highway $100,000. The CCO described theft events as a "Swiss cheese" of compounding decisions rather than a single failure point, and said Highway continuously monitors for ownership changes, inbox compromises, and cyber anomalies within the guarantee framework.

#carriers #capacity #America

Top media leaders across print, digital and broadcast warned about AI's impacts on journalism at the inaugural Status Summit last week.
Why it matters: News publishers recognize that they need to embrace AI to survive the transition to an agentic web, but they refuse to broker deals with companies they feel are illegally scraping their content.
What they're saying: Speaking onstage to Status founder Oliver Darcy last Wednesday, New York Times CEO Meredith Kopit Levien said large language model developers "as far as we see it ... have engaged in theft of intellectual property and creative expressive work on a scale that is unprecedented."
As it relates to the Times, they've "stolen our stuff," she said.
The Times, which has sued OpenAI and Microsoft in a landmark copyright lawsuit, has struck partnerships with AI firms, such as Amazon, when they believe terms are equitable.

#darcy #york

MiKargo247 is expanding its spot cargo insurance coverage to include strategic cargo theft under a new partnership with Verified Carrier.
The coverage is designed to address a growing category of freight fraud involving double brokering, carrier identity theft and fictitious pickups. Under the partnership, brokers using Verified Carrier can purchase MiKargo247 spot cargo insurance and have the strategic theft exclusion removed when the load is hauled by an eligible verified carrier. The companies announced the partnership Sept. 1.
Strategic cargo theft accounted for about 30% of reported U.S. cargo theft incidents in 2025, according to a June report from Munich Re Specialty and BSI Consulting. The report found that criminals are increasingly using deception, impersonation and other fraud-based methods to obtain freight rather than relying solely on physically stealing cargo from trucks or facilities.
The shift creates a challenge for brokers and insurers because fraudulent actors can make it difficult to determine who is actually hauling a load.
The FBI warned in April that cyber-enabled strategic cargo theft is increasing, with criminals using compromised accounts, fictitious companies and double-brokering schemes to divert legitimate freight. The agency recommended that transportation companies independently verify shipment requests and pickups before releasing loads.

#carrier #partnership #Companies

A 22-year-old man who dropped out of school in the eighth grade pleaded guilty on Sept. 8 to helping steal more than $245 million in cryptocurrency after teaming up with friends.
According to the ******* ociated Press, Malone Lam used proceeds from the theft to buy luxury cars, rent Miami mansions and spend millions at nightclubs. One night at a Los Angeles club, he reportedly spent $569,000.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes

#angeles

New York-based Take-Two Interactive Software, Inc. (TTWO) is a major global video-game publisher and developer behind some of the industry's biggest franchises, including Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, Civilization, WWE 2K, and Zynga's mobile games. Its business spans console, PC, and mobile gaming through three key labels: Rockstar Games, 2K, and Zynga.
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.

#grand #theft #ttwo

New York-based Take-Two Interactive Software, Inc. (TTWO) is a major global video-game publisher and developer behind some of the industry's biggest franchises, including Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, Civilization, WWE 2K, and Zynga's mobile games. Its business spans console, PC, and mobile gaming through three key labels: Rockstar Games, 2K, and Zynga.
Companies with a market cap between $10 billion and $200 billion are typically referred to as "large-cap stocks, and TTWO, with a market cap of $41.7 billion, fits the label. The company's biggest competitive advantage is its deep portfolio of highly recognizable intellectual property. Rockstar's Grand Theft Auto franchise alone has sold more than 470 million units, while GTA V has surpassed 230 million units sold worldwide. Moreover, Grand Theft Auto VI is scheduled for Nov. 19, 2026, alongside new installments of NBA 2K, WWE 2K, PGA TOUR 2K and other franchises.
Goldman Sachs Expects Fed Chair Kevin Warsh to Raise Rates This Week — But Not Because of Oil Prices.
Morgan Stanley Doubles Down on Apple Stock as New Offerings Become 'More Exciting'
The EV Bubble Has Burst. How to Play Rivian Stock Now.

#theft #auto #Stock #biggest

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Every month, Washington releases a closely watched number intended to show Americans how quickly their living costs are changing.
But "Rich Dad Poor Dad" author Robert Kiyosaki says that number is not simply another piece of economic data. In his telling, it is evidence of a quiet theft that has already taken place.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A record 45% of central banks plan to grow gold reserves — and many investors are following suit. Get your free gold IRA guide from Priority Gold

#moneywise #poor

The dollar index (DXY00) recovered from a 2.5-week low on Wednesday and finished up by +0.06%. The dollar found support on Wednesday after WTI crude oil surged +3 % to a 3.25-month high, boosting inflation expectations and potentially persuading the Fed to tighten monetary policy. Also, short covering emerged in the dollar on Wednesday after the US Treasury announced it would purchase $6 billion of long-term US government debt securities on Thursday, below expectations of $10 billion. In addition, Wednesday's increase in the 10-year T-note yield to a 2.75-year high of 4.85% has strengthened the dollar's interest rate differentials.
The dollar initially moved lower on Wednesday amid strength in the yen after US Treasury Secretary Bessent challenged traders to test his resolve on strengthening the yen.
Dollar Slips on **** anese Yen Strength
AT&T Offers $10K Reward for Tips as Cable Theft Soars Alongside Copper Prices
Dollar Slips Before the Treasury's Buyback Operation

#wednesday #treasury #billion #dxy00

Identity theft can happen to anyone. Scammers don't discriminate, but did you know freezing your credit can help protect your ******* ets?
Unfortunately, this type of crime is on the rise. In 2025, a total of 31,675 official identity theft complaints were recorded by the FBI — a 47% increase since 2024. Personal data breaches are also a major issue with 67,456 reported in 2025.
Maybe you've already had personal data stolen or perhaps you want to proactively fight against it. Either way, keep reading to learn more about the credit freezing loophole ******* ody talks about.
When your credit is frozen, no new accounts can be opened in your name, according to the Federal Trade Commission (FTC). It can stay in place as long as you wish and it's completely free.
During this time your credit will essentially be on lockdown. Even you won't be able to perform activities like applying for new credit, allowing a potential employer to run a credit background check or authorizing a landlord to run a credit check for a new apartment. However, you can temporarily lift the freeze for these actions.

#data #check #scammers

Lindsey Brooke Isaacs was asleep at home when police arrived and told the 23-year-old that her car had been involved in a crash that killed three people. She knew they had the wrong person. Her black Dodge Durango showed no obvious collision damage, and she had a receipt showing where she had been.
Still, the investigation eventually led to her being arrested and 13 days in jail. "My heart was in my stomach," Lindsey told me on The CyberGuy Report Podcast at Cyberguy.com/podcast/. "I didn't know what was going on."
Months later, prosecutors dropped all eight felony charges against her and investigators arrested another woman in connection with the crash. Her case now raises a bigger question about how much weight investigators should give license plate camera data when a person's freedom is on the line.
Missed CyberGuy LIVE? Watch the Protect Your Money replay
Our free CyberGuy LIVE class, Protect Your Money From Today's Biggest Threats, has ended, but you can still watch the full replay and download our financial protection checklist. Kurt "CyberGuy" Knutsson walks you through five simple ways to help defend yourself against AI scams, fraud, identity theft and financial hacks. You'll learn how to set up bank alerts, strengthen your account logins, protect your phone number, freeze your credit and help secure your retirement savings against unauthorized transfers. No technical experience is needed.

#told

When people talk about shoplifting and organized retail crime (ORC), they tend to focus on the bottom-line impact on businesses. That makes sense because the numbers aren't small, according to the National Retail Federation's (NRF) The Impact of Theft & Violence 2026 report.
"The 2026 report demonstrates a concerning shift as criminals move beyond traditional shoplifting to more sophisticated external theft schemes, with retailers reporting higher rates of repeat offenders (50%), ORC-related incidents (40%), and walkout or pushout theft (37%). Fraud is also rising, with phone scams (69%), loyalty fraud (51%) and gift card theft or fraud (42%) increasing," the data showed.
The NRF, however, does not focus on how theft and thieves impact frontline retail workers.
A new report from HALOS, a bodycam company used by retailers like Walmart, Target, Kroger, TJ Maxx, H&M, and Aldi, shows that it does, and that the impact is quite severe.
"Two-thirds of frontline workers have experienced customer aggression acutely enough that they've considered leaving their job," according to HALOS' study of 2,500 frontline employees.

#according

A trade group representing American automakers is urging Congress to permanently bar the sale of Chinese vehicles in the U.S.
In a letter to senior lawmakers, the Alliance for Automotive Innovation on Thursday called on them to "enact a permanent ban on the sale, import and manufacture of Chinese connected vehicles, hardware and software" in the U.S., citing China's alleged unfair trade practices, intellectual property theft and pattern of surveillance.
"This behavior is a feature of the Chinese approach and especially acute when it comes to China's strategy to dominate global automotive manufacturing and critical supply chains," wrote the group's president and CEO, John Bozzella.
Bozzella also said that non-Chinese automakers are unfairly disadvantaged by China's industrial and manufacturing policy, which the car industry group said threatens to undermine the U.S. automotive manufacturing sector.
U.S. automakers face mounting competition from Chinese rivals, including BYD, which is exporting more low-cost vehicles worldwide.

#automotive #sale

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
The Wells Fargo Autograph® Card is an excellent travel rewards card if you want a high rate on everyday purchases, no annual fee, and a 0% introductory APR offer. While it doesn't offer premium travel perks, it holds its own as a low-stress, rewarding card option.
Cell phone protection: Subject to a $25 deductible, you can receive up to $600 of cell phone protection against damage or theft as long as you pay your cell phone bill with your card.
No foreign transaction fee: There are no foreign transaction fees when you use your card to make purchases from foreign merchants, including when you're traveling internationally.

#card #phone #travel #protection

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
The Wells Fargo Autograph® Card is an excellent travel rewards card if you want a high rate on everyday purchases, no annual fee, and a 0% introductory APR offer. While it doesn't offer premium travel perks, it holds its own as a low-stress, rewarding card option.
Cell phone protection: Subject to a $25 deductible, you can receive up to $600 of cell phone protection against damage or theft as long as you pay your cell phone bill with your card.
No foreign transaction fee: There are no foreign transaction fees when you use your card to make purchases from foreign merchants, including when you're traveling internationally.

#card #phone #purchases #protection

Aug 31 (Reuters) - Kalshi permanently banned former U.S. congressman George Santos ‌from its platform on Monday ‌and imposed a penalty of $71,356, citing insider trading.
The company said in a disciplinary action that its compliance department had found reasonable cause to believe ‌the former ⁠lawmaker engaged in illicit trading.
The move comes as prediction market ⁠platforms Kalshi and Polymarket have seen a rise in suspicious trading activity, presenting new compliance challenges as regulators ‌and law enforcement intensify scrutiny of the growing sector.
Kalshi had reported Santos to the U.S. Department of Justice in June after detecting suspicious ‌trading activity from his account on the platform, a source told Reuters at ‌the time.
Santos was expelled from Congress over fraud and identity theft. U.S. President Donald Trump commuted his over-seven-year ‌prison sentence last year.

#kalshi

Former NFL wide receiver Damoun Patterson was arrested by the Daytona Beach Police Department in connection with several felony offenses.
According to police, Patterson was charged with grand theft of a motor vehicle, aggravated ***** ault with a deadly weapon, criminal mischief, and armed burglary of a dwelling.
Patterson, who spent time with the Pittsburgh Steelers, Tampa Bay Buccaneers, and New England Patriots, was booked into custody on the charges.
Authorities have not released additional details about the allegations.
The case remains in the judicial process. As with all criminal cases, Patterson is presumed innocent unless and until proven guilty in court.

#damoun #daytona

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In April 2026, wallets, purses, and other belongings started disappearing out of cars parked around fitness centers across Fairfax County in Alexandria, Virginia, according to The Alexandria Brief (1). In late June, the Alexandria Police Department arrested a man who they say was taking these belongings from unlocked cars and using stolen credit cards to purchase gift cards at nearby retailers before the victims realized their things had been stolen.
While cash and credit cards are the obvious targets in wallet theft, your personal identification may be even more valuable in the wrong hands. Documents often found in your wallet, like your social security card, driver's license, and health insurance card can give thieves access to your identity and finances. If left unchecked, you could be liable for the damage someone else causes in your name.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold

#Gold #cars #stolen

On August 21, Apollo Global Management (NYSE:APO) disclosed in a letter that hackers gained unauthorized access to some of its cloud platforms between July 6 and July 10, exposing names, dates of birth, addresses, and Social Security numbers. The breach lands weeks after Apollo told investors its **** ets under management had crossed $1 trillion for the first time, a milestone built in part on convincing individuals and retirees to trust the firm with their money. Now Apollo has to convince some of those same people it can protect their data too.
Apollo's second quarter showed why the growth story still has legs. **** ets under management reached $1.05 trillion, up 25% year over year, while fee-related earnings hit a record $785 million, also up 25%, and management fees climbed 23% as third-party money kept arriving across credit and equity strategies. Origination volume totaled $74 billion for the quarter, pushing the trailing 12-month figure to nearly $320 billion, and that tally does not yet include the $35 billion financing Apollo arranged for Broadcom's new AI computing platform, the largest private credit deal ever recorded, since Apollo only books revenue once financing closes rather than when it is announced.
CEO Marc Rowan frames Apollo's opportunity as bigger than private equity or credit alone. He argues the industry's client base is expanding from a single source of institutional demand into six categories, including individuals, insurance companies and 401(k) plans, and Apollo is building toward that shift with daily net **** et value pricing on its credit products and a partnership with Intercontinental Exchange that has already **** igned more than 2,000 identifiers to Apollo **** ets. Performance backs up the pitch: Apollo's Fund X has generated a 21% net internal rate of return, well ahead of the 14% industry benchmark for its 2023 vintage.
The breach is the more immediate problem, and it fits a pattern. Reuters has reported that dozens of financial institutions, including Uber and Levi Strauss, were recently targeted by the same kind of ransom-seeking hackers, who built fake websites designed to steal passwords from employees at private equity and financial firms through phone-based social engineering rather than any technical exploit. Apollo says its investigation is ongoing and it has found no evidence yet that the stolen information has been posted publicly or used for identity theft, and it is offering affected individuals free credit monitoring and identity protection.

#management #Equity #billion #july

On August 21, Apollo Global Management (NYSE:APO) disclosed in a letter that hackers gained unauthorized access to some of its cloud platforms between July 6 and July 10, exposing names, dates of birth, addresses, and Social Security numbers. The breach lands weeks after Apollo told investors its ***** ets under management had crossed $1 trillion for the first time, a milestone built in part on convincing individuals and retirees to trust the firm with their money. Now Apollo has to convince some of those same people it can protect their data too.
Apollo's second quarter showed why the growth story still has legs. ***** ets under management reached $1.05 trillion, up 25% year over year, while fee-related earnings hit a record $785 million, also up 25%, and management fees climbed 23% as third-party money kept arriving across credit and equity strategies. Origination volume totaled $74 billion for the quarter, pushing the trailing 12-month figure to nearly $320 billion, and that tally does not yet include the $35 billion financing Apollo arranged for Broadcom's new AI computing platform, the largest private credit deal ever recorded, since Apollo only books revenue once financing closes rather than when it is announced.
CEO Marc Rowan frames Apollo's opportunity as bigger than private equity or credit alone. He argues the industry's client base is expanding from a single source of institutional demand into six categories, including individuals, insurance companies and 401(k) plans, and Apollo is building toward that shift with daily net ***** et value pricing on its credit products and a partnership with Intercontinental Exchange that has already ***** igned more than 2,000 identifiers to Apollo ***** ets. Performance backs up the pitch: Apollo's Fund X has generated a 21% net internal rate of return, well ahead of the 14% industry benchmark for its 2023 vintage.
The breach is the more immediate problem, and it fits a pattern. Reuters has reported that dozens of financial institutions, including Uber and Levi Strauss, were recently targeted by the same kind of ransom-seeking hackers, who built fake websites designed to steal passwords from employees at private equity and financial firms through phone-based social engineering rather than any technical exploit. Apollo says its investigation is ongoing and it has found no evidence yet that the stolen information has been posted publicly or used for identity theft, and it is offering affected individuals free credit monitoring and identity protection.

#apollo #credit #management #private

Freight broker insurance is in a frenzy, and premium hikes are getting ugly. Thom Albrecht helps break down how the CH Robinson verdict, underwriting pullback and cargo theft are driving double-digit to triple-digit cost increases for brokers.He also explains what's changing in excess liability, why some underwriters are exiting the market, and what carriers and brokers should watch into peak season. If you move freight, this is a real cost story—not noise.
Freight broker insurance has entered a full-blown pricing crisis, with excess liability coverage costs rising 50% to triple digits and even primary coverage climbing sharply in the double digits — all since a pair of legal shocks hit the market this spring. The turmoil is forcing brokers to rethink coverage limits, vendor technology relationships, and renewal strategies ahead of what ***** ysts expect will be a prolonged inflationary environment.
The disruption unfolded in three phases, according to Thom Albrecht, who discussed the market dynamics during this SONAR Market Update. The first was "total chaos" following the Montgomery Supreme Court decision on May 14, which exposed brokers to motor-carrier-style liability. A brief calm in June ended abruptly on July 23, when the C.H. Robinson verdict — a $135 million judgment — rattled underwriters again. "We've seen two underwriters exit the market, basically backing the paper over in London," Albrecht said. "So there's gonna be fewer options, a very inflationary environment, and there's gonna be more questions that are asked of freight brokers than ever before as they go through their renewals."
On primary coverage — the first $5 million of freight broker auto liability, or FBAL — Albrecht said increases are running in the "middle" double digits, well above 10% but short of 90%. For excess or surplus coverage above $5 million, the picture is far worse. Smaller brokers with gross revenues of $30 million to $40 million that were paying roughly $10,000 a year for coverage could now face bills of $30,000 to $40,000. Larger brokers seeking excess capacity above $5 million are confronting 50% to 60% increases at the low end and triple-digit hikes at the top.
"The word to use is it's a total frenzy right now," Albrecht said, describing the post-verdict insurance environment for freight brokers.

#coverage #market #liability #insurance

Dane Cook has shed light on his brother's theft of $12 million (£8.8 million) from him in a new documentary.
Funny Money: The Dane Cook Story details the comedian's meteoric rise "and his crash at the hands of the person he trusted most", according to a synopsis of the film reported by People magazine.
The documentary goes behind the scenes of Cook's career and explores the key role played by his half-brother Darryl McCauley, who ultimately stole millions from him.
In 2010, McCauley was ordered to pay the comedian $12 million (£8.8 million) back after he and his wife pled guilty to embezzling the money.
He was sentenced to six years in prison on charges including larceny, forgery and embezzlement. Erika McCauley was sentenced to two to three years in prison on charges including two counts of larceny.
After serving his sentence and being released from prison, McCauley disappeared.

#mccauley #charges

Carlos Felipe Jaramillo-Grajales, a criminal illegal alien from Colombia, was recently sentenced to three years behind bars for identity theft and lying about his citizenship status — a falsification that, according to the Department of Homeland Security (DHS), he used to participate in U.S. elections over a period spanning roughly 20 years.
"Because of his fraud, he was able to obtain a driver's license and vote in our elections," DHS Secretary Markwayne Mullin said in a statement.
"DHS will always fight to protect the integrity of our elections, because election security is national security. Only Americans should be electing American leaders," he continued.
His Friday sentencing comes as lawmakers in Washington, D.C. have wrestled over whether new legislation is needed to shore up voter verification that demonstrates the lengths some aliens have gone to secure state ID.
Schumer Said 'Democrats Support Voter Id' — Then Every Senate Democrat Voted Against Gop Bill

#years #grajales #colombia #department

A New York democratic socialist lawmaker's reference to shoplifting being the result of a "biological need" is getting swift blowback.
New York state **** emblywoman Emily Gallagher suggested this week that aggressive prosecution of theft of items like soap and toothpaste was wrongheaded, saying the "true crime is that there is such incredible wealth disparity in this city that there are people who can be thrown in jail simply for having a biological need."
"This is exactly the wrong way to talk about crime and poverty. Poverty can help explain why someone commits an offense," former Palm Beach County State Attorney Dave Aronberg told Fox News Digital. "It should matter when prosecutors decide how to handle a case. But poverty is not a permission slip to steal."
Aronberg, who now leads his own law firm, rejected the suggestion that prosecution necessarily means incarceration and pointed to alternatives available for first-time offenders.
Soros Network Rebuilds Progressive Prosecutor Push After String Of Election Losses

#aronberg #state #crime #assemblywoman

A 27-year-old man was arrested after breaking into the Hidden Hills estate of Kim Kardashian over the weekend.
According to reports, the suspect was taken into custody around 3:45 p.m. on Aug. 9 at the $60 million property, which resides in a gated community in the Santa Monica Mountains near the Calabasas. The reality television star and her four children, shared with Kanye West, were not at the home and were staying at a nearby rental while the home undergoes renovations, per The California Post.
Local deputies responded following reports of a suspect breaking in and removing items from the premises, along with taking a joyride around the neighborhood in a Lexus owned by an employee of Kardashian. The man was arrested for burglary and car theft and taken into custody without incident.
The man was booked into LA County Jail and was being held without bail as of Monday afternoon. While formal charges have not been announced, the incident is in the preliminary stage of investigation, as shared by LASD Sgt. Chris Soderlund.
COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess.

#breaking #shared

MILAN (AP) — Italian authorities recovered three artworks by Renoir, Cézanne and Matisse worth millions of euros that were stolen earlier this year from a private museum near the northern city of Parma, police said Friday. Five people were detained.
A statement from the Italian Carabinieri's art recovery squad said the artworks were discovered in the possession of one of the suspects during searches ordered by prosecutors in the Parma province and neighboring provinces. The five suspects detained are believed to belong to an organized crime group responsible for numerous thefts of homes, businesses and other properties. Police also recovered stolen goods worth tens of thousands of euros.
Meanwhile, Brazilian police said late Thursday they located eight stolen works by Matisse following an apartment raid outside Sao Paulo. There were no apparent links between the two thefts.
The three artworks recovered in Italy are "Fish," a painting by Auguste Renoir, "Still Life with Cherries," a pencil and watercolor by Paul Cézanne, and "Odalisque on the Terrace," a color aqatint by Henri Matisse. Authorities said the Cézanne was valued at 6 million euros ($7 million), the Renoir at 3 million euros ($3.5 million), and the Matisse at 20,000 euros ($23,000).
The heist at the Magnani Rocca Foundation, about 20 kilometers (12 miles) from Parma, took place on the night of March 22-23, police said. Video distributed by authorities showed the thieves entering through a broken door window and then taking the three artworks down from adjacent walls before exiting and escaping through the gardens in a matter of minutes.

#police #artworks #renoir #three

What's going on with Selena Gomez? Besides being a constant presence in Hulu's Only Murders in the Building, the actor-singer is being sued for fraud.
Several investors have filed a lawsuit against Gomez alleging fraud. The claim is that these investors believe they were misled about the success of her company, Wondermind, and about Gomez's actual involvement in it.
Gomez, who has been open about her own mental health journey, was listed as co-founder, chief impact officer, and head of marketing at Wondermind when it launched in 2021. The goal of the media platform was to give users "easy, doable ways to put your mental fitness first every day."
Gomez's mother, Mandy Teefey, is also being sued, as is Daniella Pierson, the co-CEO and former business partner. They are being sued for multiple claims, including securities fraud, common-law fraud, and breach of contract. Pierson is also accused of conversion and unjust enrichment, which are essentially the civil-law equivalents of plain old theft. The plaintiffs will need to prove each of these claims to recover their investments and obtain damages and legal fees.
Securities fraud and common-law fraud are similar claims alleging that the defendant lied to the plaintiff, causing the plaintiff to lose money. In this case, the investors will have to prove that they lost money after Gomez, Teefey, and Pierson intentionally misrepresented or omitted key information to obtain funding.

#pierson #investors #teefey #alleging

Five years ago, Wisk Aero sued Archer Aviation Inc. (NYSE:ACHR) for allegedly stealing its trade secrets. On August 10, Archer agreed to buy Wisk entirely, along with two other The Boeing Company (NYSE:BA) subsidiaries, in a deal that gives the aerospace giant a roughly 20% interest in the electric-aircraft company it previously accused of corporate theft. Archer's stock jumped by about 20% following the announcement.
Wisk sued Archer back in 2021, alleging that the younger company stole its autonomous-flight trade secrets and breached on its patents. The two reached an agreement in August 2023, with a unique twist: The Boeing Company (NYSE:BA) invested in Archer Aviation Inc. (NYSE:ACHR), and the companies formed an autonomous-flight relationship, with Wisk serving as Archer's exclusive autonomy provider for subsequent aircraft.
That collaboration has now turned into a complete acquisition. Under the definitive agreement, Archer Aviation Inc. (NYSE:ACHR) will buy Wisk Aero, SkyGrid, a digital airspace and air-traffic-management software firm, and Insitu, a drone producer, in an all-stock transaction.
The Boeing Company (NYSE:BA) will acquire freshly issued ACHR Class A shares equal to 19.75% of Archer's outstanding shares immediately before to closing, leaving Boeing with about 16.5% in stakes once the transaction closes, making it Archer's largest outside stakeholder. The Boeing Company (NYSE:BA) has also agreed to spend up to $55 million in an upcoming Archer investment round, and will obtain warrants to buy up to $200 million additional Archer stock in the future. In exchange, the companies have signed a cross-licensing agreement that allows Boeing to continue using Wisk's fundamental autonomous flight systems for its own commercial and defense programs, a detail experts have linked to Boeing's ultimate successor to the 737.
For Archer Aviation Inc. (NYSE:ACHR), the deal is less about eliminating a competitor than about expanding. The acquisition includes a defense firm with an annual revenue of more than $200 million across 35 nations, as well as Wisk's six generations of eVTOL aircraft designs and over 1,700 completed test flights. Archer describes the combined operation as a "end-to-end physical AI platform for aerospace and defense."

#archer

People who use a cycling club had been "upset" and "outraged" that more than £14,000 worth of equipment was taken after a break-in.
Wolverhampton Wheelers, which is run by volunteers, said it thought 10 bicycles had been stolen at Aldersley stadium between Saturday night and Sunday morning.
The club, founded in 1891, said specialist track bikes had been among items taken from a storage unit and the theft would impact its ability to deliver sessions.
Chair Jodie Parker said it "had to tell people not to come on Monday night, because there was no bike for them".
The Wheelers have 14 volunteer coaches and runs sessions four times a week, with money coming from more than 130 members.

#club #sessions

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Coming home to find some of your belongings have been stolen can quickly turn an ordinary day into a stressful, emotional, and financially draining experience. Fortunately, renters insurance typically covers theft, helping to replace items stolen from your home, up to your policy limits.
However, not every theft-related incident is covered the same way. Here's a closer look at what renters insurance usually covers and where coverage may fall short.
Most standard renters insurance policies cover your personal belongings if they are stolen or damaged, whether the loss occurs inside or outside your home. Covered items can include everything from electronics and furniture to clothing and sentimental keepsakes.
For example, if you return home from a trip and discover that someone has broken into your apartment and stolen your laptop, TV, and jewelry, your renters insurance may help pay to replace those items, up to your policy's coverage limits.

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On August 10, Reuters reported that Sony Group (NYSE:SONY) and Taiwan Semiconductor Manufacturing (NYSE:TSM) plan to spend around $6.3 billion on a joint venture to build next-generation microchips for image sensors. It pairs Sony's sensor design expertise with TSMC's manufacturing scale, and it lands while both companies already show momentum in their core businesses.
The venture will be owned about 60% by Sony and 40% by TSMC, with commercial production targeted to start as early as 2029 at a site in ****** an's ****** amoto prefecture. The companies first announced plans to form it in May, aiming to combine Sony's design know-how with TSMC's process technology, and the partnership will also explore physical artificial intelligence applications such as automotive and robotics. Sony is already the world's largest maker of image sensors, and TSMC is the world's largest contract chipmaker.
TSMC's own numbers explain why Sony wanted it as a partner. In its second-quarter report on July 16, revenue climbed about 34% year over year to $40.2 billion and net income jumped 77% to a record, with gross margin at 67.7% and operating margin at 60.3%. The newest 2-nanometer node made up just 3% of wafer revenue in the quarter, leaving a long runway as it scales.
Sony's results carry similar momentum. First-quarter operating profit rose 40% from a year earlier, prompting the company on July 31 to raise its full-year group operating profit forecast 8% to 1.72 trillion yen, citing tariff refunds, currency effects, and cost control. Sony also raised its outlook specifically for the image sensor business, pointing to higher sales and favorable exchange rates, while its gaming division stands to benefit from the November 19 launch of Grand Theft Auto VI on PlayStation.
TSMC's valuation still carries risk. Its market cap crossed $2 trillion again on July 30, yet shares trade at roughly 20 times forward earnings, about what an average large company costs, and management is guiding third-quarter gross margin down to 65% to 67% as the costly early phase of the 2-nanometer ramp works through its factories. TSMC also remains a cyclical manufacturer based mostly in Taiwan, so geopolitical tension is a risk no earnings report can erase, and heavy capital spending could pressure returns if AI demand cools before new capacity fills.

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