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Investors Pull $140 Million From Merger Deal With Trump’s Truth Social

The deadline for Digital World deal to acquire Donald Trump’s Truth Social passed on September 20.  Investors are walking away from planned commitments of $140 million, SEC filings show.  Reuters reported that Sabby Management investors bowed out, taking away $100 million.  Loading Something is loading. Investors are walking away from commitments to invest in a company …

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Tesla recalls nearly 1.1 million U.S. vehicles to update window reversing software

Register now for FREE unlimited access to Reuters.comRegisterWASHINGTON, Sept 22 (Reuters) – Tesla (TSLA.O) is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury.The electric vehicle manufacturer told the National Highway Traffic SafetyAdministration (NHTSA) that it would perform an …

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Burger King $400 million plan to revive U.S. sales with remodels, advertising

CASCAIS, PORTUGAL – Burger King signs are seen at the local fast food restaurant.Horacio Villalobos | Corbis News | Getty ImagesBurger King on Friday said it plans to spend $400 million over the next two years on advertising and renovating its restaurants as part of a broader strategy to revive lagging U.S. sales.The Restaurant Brands …

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Feds claw back $30 million of cryptocurrency stolen by North Korean hackers

Getty Images Cryptocurrency analytics firm Chainalysis said on Thursday that it helped the US government seize $30 million worth of digital coins that North Korean-backed hackers stole earlier this year from the developer of the non-fungible token-based game Axie Infinite. When accounting for the more than 50 percent fall in cryptocurrency prices since the theft …

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U.S. Supreme Court’s Gorsuch allows enforcement of $155 million award against Sunoco

By Nate Raymond(Reuters) – U.S. Supreme Court Justice Neil Gorsuch on Thursday rejected Sunoco LP’s request to block efforts to enforce a $155 million judgment against the fuel retailer in a lawsuit accusing it of failing to pay interest on late payments to 53,000 oil-well owners across Oklahoma.Gorsuch denied Sunoco’s request for a stay blocking …

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Crypto.com mistakenly sends woman $7.2 million instead of a $68 refund

Comment on this storyCommentWhat would you do if you checked your bank account and found millions that shouldn’t be there?For a woman in Australia — who faced that scenario last year after the cryptocurrency platform Crypto.com mistakenly transferred 10.5 million Australian dollars ($7.2 million) to her bank account — the answer was: Buy a mansion.Now, …

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20 million US homes can’t pay utility bills as shutoffs loom

More than 20 million households face a “tsunami of shutoffs” after falling behind on their utility bills as the price for electricity skyrockets because of decades-high inflation, experts predict. Since the pre-pandemic era, the amount owed to utility companies has doubled for approximately one out of every six homes nationwide, according to Bloomberg News. State …

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Ryan Cohen’s $60 million Bed Bath u-turn triggers meme stock investor ire

An exterior view shows a Bed Bath & Beyond store in Novi, Michigan, U.S., January 29, 2021. REUTERS/Emily ElconinRegister now for FREE unlimited access to Reuters.comRegisterAug 19 (Reuters) – Investors flooded social media platforms such as Reddit on Friday with criticism of Ryan Cohen’s sale of his stake in Bed Bath & Beyond Inc (BBBY.O), …

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