Feds sue San Diego company over alleged massive scalping plot
The Trump administration has filed a federal lawsuit against a San Diego company and three of its executives for allegedly using illegal botnets to buy tickets to concerts and sporting events in bulk and then reselling those tickets at inflated prices.…
The data center IPO debacle that sparked a market collapse
The tremors that have rippled through global stock markets this week, amid growing concern about the valuations of AI-related companies and the huge sums they are spending, have their roots in the decision to abandon a blockbuster IPO in Australia.…
Wall Street Reaches Its Limit on Debt-Fueled AI Spending
Driving the news: A significant gap is growing between AI infrastructure spending and expected returns. While AI vendors are expected to spend $7 trillion on infrastructure by 2030, Gartner research projects that they will generate no more than $3.6…
Crumbl closes dozens of stores, including Augusta
AUGUSTA, Ga. – Dozens of Crumbl Cookies locations are closing, including one in Augusta. According to a Restaurant Business report, at least 57 establishments have closed their doors this year, and more are at risk. The outlet also reported that at least…
California broker arrested in alleged billion-dollar ticket resale scheme
A California ticket reseller allegedly purchased more than $1 billion worth of tickets to Beyoncé, Post Malone and other major concerts and events, making it harder for fans to get seats without paying exorbitant prices — and now the company is facing an…
The American dream now costs $5.3 million – and even college graduates will lose $1.2 million.
Owning a home, raising a family, and retiring comfortably now costs an estimated $5.3 million over a lifetime — and Americans’ wages are falling further and further behind. That’s according to Investopedia’s annual analysis of what it…
Starlink spectrum deal raises Elon Musk’s stake even higher
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Elon Musk wants to bring Starlink back to earth. Its communications company agreed last week to buy a portfolio of…
The dress rehearsal for an assessment of AI
Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favorite stories in this weekly newsletter. Last week was a lively and very useful dress rehearsal for what a bursting of the AI bubble might look like in the…
KFC signs Coca-Cola as new beverage partner, ditching PepsiCo
Fast food chain KFC signed Coca-Cola as its beverage partner for U.S. stores on Thursday, ending a relationship with PepsiCo that dates back about four decades. Losing the beverage partnership with KFC, which has 3,718 U.S. locations, could be a setback…
Stocks fall as dollar heads for weekly loss
By Chibuike Oguh and Elizabeth Howcroft NEW YORK/PARIS, Oct 16 (Reuters) – Global stocks fell slightly on Friday as markets stabilized after a sharp tech-driven sell-off, while the dollar headed for a weekly loss. Markets were rattled this week by…