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CBS News anchor Tony Dokoupil barred from broadcasting at Taiwan hotel in latest Asia trip snag
“CBS Evening News” anchor Tony Dokoupil said he was barred from broadcasting from his Taiwan hotel after the owner frowned on his coverage — one of several snags the journo encountered during his jaunt to cover President Trump’s China summit. After a segment...
Fidelity Investments makes $2.5M class action settlement — see if you qualify for $5K payout
Victims of fraud may soon be seeing green. Fidelity Investments, the financial services firm, has agreed to pay a $2.5 million class-action settlement in response to claims it failed to prevent a 2024 data breach that compromised sensitive consumer...
Bill Ackman’s Pershing Square discloses Microsoft stake, touts ‘deeply embedded’ software
Billionaire investor Bill Ackman revealed Friday that his firm Pershing Square Capital has built a stake in Microsoft – and said the tech giant “offers analogous and compelling long-term value” despite a recent stock slump. Ackman, 60, wrote in a lengthy X post...
David Letterman and Stephen Colbert trash CBS furniture in rooftop revenge stunt
David Letterman marched back into the Ed Sullivan Theater on Thursday night and unloaded on CBS over its decision to cancel Stephen Colbert’s late-night show — before helping toss couches, watermelons and a wedding cake off the roof of the landmark Manhattan...
Warren Buffett, Stephen Curry charity lunch auction fetches $9M from mystery bidder
A bidder agreed to pay $9,000,100 at auction to dine with billionaire investor Warren Buffett and basketball superstar Stephen Curry in a charity fundraiser. The winning bid came in a weeklong auction on eBay that ended on Thursday, according to eBay’s...
Pot Inc. may finally be inching closer to the US bank access it craves
The barriers that have long blocked Pot Inc. from access to banking services may soon crumble, setting the stage for exponential growth in the $50 billion cannabis business, On The Money has learned. At this point, the key barrier is GOP opposition — mainly in...
Everybody on Wall Street is ridiculing Ryan Cohen’s $56B eBay bid — but I’m not so sure
There’s not a single trader or sophisticated investor I have spoken to who believes Ryan Cohen, the CEO of troubled video-game retailer GameStop, is really going to buy eBay. And yet, I can’t count this guy out – and neither should you. Yes, there are plenty...
Why the hottest tech IPO of the year matters for the AI race with China and in the Middle East
Cerebras, an AI chipmaker, saw its shares nearly double on Nasdaq, closing up 70% with a $95B market cap. Cerebras’s powerful chips are key in the US-China AI tech race. Chris Buskirk, co-founder and chief investment officer of 1789 Capital, a key Cerebras...
Probing the mystery why feds have filed just 1 insider trading case in prediction markets after all the headlines
“Stay tuned.” That’s what US regulators are telling On The Money when asked about the notable lack of enforcement cases filed over suspicious trades in the futures and prediction markets surrounding big news events in the Iran war and elsewhere. So far, there...
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