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22h ago

Executives at 'fintechs' made hundreds of millions handing out PPP Covid cash, report says

The report says smaller PPP loan applicants were disdained by one fintech, with staff writing, “delete them” and “Who f------ cares.”
 In 2021, the Spencers bought an $8 million mansion.
 In 2021, the Spencers bought an $8 million mansion.
22h ago

E.U. warns Musk to beef up Twitter controls ahead of new rules

The EU’s commissioner for digital policy told Musk that Twitter will have to significantly increase its efforts to comply with the Digital Services Act, set to take effect next year.
Elon Musk attends The 2022 Met Gala on May 2, 2022 in New York.
Elon Musk attends The 2022 Met Gala on May 2, 2022 in New York.
1d ago

Elon Musk's Twitter risks opening floodgates of hate speech and extremism in India

“You just don’t know what he is thinking. And it is scary,” the founder of a website that fights hate speech said of Musk.
Pratik Sinha, one of the founders of Alt News, near his office in Kolkata, India on Nov 28, 2022.
Pratik Sinha, one of the founders of Alt News, near his office in Kolkata, India on Nov 28, 2022.
2d ago

Families of Americans who died of apparent carbon monoxide poisoning in Mexico City to sue Airbnb

In an exclusive interview, the heartbroken mothers of Jordan Marshall, Kandace Florence and Courtez Hall said Airbnb must require working carbon monoxide detectors at all of its rental units.
Jordan Marshall, 28, left, and Kandace Florence, 28.
Jordan Marshall, 28, left, and Kandace Florence, 28.
2d ago

How a rail strike could be an economic disaster

How damaging a strike would be would depend on its length, but a strike of even a few days could lead to a cascade of events that would disrupt supply chains for weeks, industry officials warn.
Activists in support of unionized rail workers protest outside the Capitol
Activists in support of unionized rail workers protest outside the Capitol
2d ago

Sam Bankman-Fried says he 'underestimated' the speed and scale of FTX's collapse

Bankman-Fried, appearing at the New York Times DealBook Summit, tells CNBC anchor Andrew Ross Sorkin over a video call that he was “shocked” by his firm’s collapse.
Image: Andrew Ross Sorkin speaks with FTX founder Sam Bankman-Fried during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on Nov. 30, 2022 in New York.
Image: Andrew Ross Sorkin speaks with FTX founder Sam Bankman-Fried during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on Nov. 30, 2022 in New York.
2d ago

Fed chairman signals December rate-hike slowdown, warns inflation is still too hot

Jerome Powell cautioned that inflation is still a problem in the U.S. and said a slowdown in rate hikes does not mean the increases will stop entirely.
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2d ago

Amazon records biggest-ever Thanksgiving shopping weekend

Amazon did not provide a total sales figure for the weekend, but it noted shoppers generated more than $1 billion in sales for small businesses in the U.S.
Boxes move along a conveyor belt at an Amazon fulfillment center on Prime Day in Raleigh, N.C.
Boxes move along a conveyor belt at an Amazon fulfillment center on Prime Day in Raleigh, N.C.
2d ago

Whole Foods' decision to pull Maine lobster sparks outcry among elected officials, lobster industry

Two environmental watchdog groups cite a court ruling indicating current lobster harvesting practices may endanger North American right whales.
A worker weighs a lobster to sort in Arundel, Maine, on Jan. 24, 2022.
A worker weighs a lobster to sort in Arundel, Maine, on Jan. 24, 2022.
3d ago

Discounts drive record spending as holiday shopping season gets off to roaring start

Shoppers found websites offering as much as 34% off toys, 25% off electronics and 18% off apparel.
Workers sort packages at a FedEx Express facility on Cyber Monday in Garden City, N.Y., on Nov. 28, 2022.
Workers sort packages at a FedEx Express facility on Cyber Monday in Garden City, N.Y., on Nov. 28, 2022.
3d ago

Cyber Monday eclipses Black Friday again as inflation-pinched shoppers seek deals

Some consumers said the discounts weren’t deep enough to spend big on, and many have adjusted to the reality that landing bargains no longer requires shopping in person the day after Thanksgiving.
Black Friday shoppers in South Coast Plaza on Nov. 25, 2022 in Costa Mesa, Calif.
Black Friday shoppers in South Coast Plaza on Nov. 25, 2022 in Costa Mesa, Calif.