Apple CEO Tim Cook is donating $1 million to President-elect Donald Trump’s inaugural committee, making him one of several tech executives to do so. The donation comes as Cook believes the inauguration is a great American tradition and wants to support unity. Cook’s decision follows other tech companies’ moves to donate to Trump’s inauguration. Amazon, … Read more
Carvana’s shares have fallen for the second consecutive day after a short seller, Hindenburg, released a negative report about the company. The stock price has retreated by 5% so far today. Carvana specializes in online car sales and allows consumers to purchase vehicles without physically visiting a dealership. However, critics argue that the company uses … Read more
A team of volcanologists has solved a decades-old mystery, tracing back to an obscure volcano in the remote Kuril Islands that caused a global cooling event in 1831. The discovery reveals that high-latitude eruptions can have significant impacts on climate. Historical records show that the eruption led to crop failures and famines in India and … Read more
A volcano in the northwest Pacific Ocean, previously unknown due to limited records, was identified as the cause of a massive eruption in 1831 that cooled Earth’s climate for nearly two decades. The discovery sheds light on the Little Ice Age, one of the coldest periods on Earth in the past 10,000 years. Researchers analyzed … Read more
Miami Heat forward Jimmy Butler has been suspended for seven games by the team after making public comments about his desire to be traded. The suspension is effective immediately and will last through the end of the week. Butler, a six-time NBA All-Star, had indicated in post-game comments that he would like to be traded … Read more
A US federal judge has cleared New York City’s congestion pricing plan to move forward, despite a challenge from neighboring New Jersey. The plan aims to charge drivers $9 for entering Manhattan’s central business district. A judge rejected New Jersey’s request for a pause in the plan, allowing it to launch on Sunday as scheduled. … Read more
A US federal appeals court has put the nation’s Corporate Transparency Act (CTA) reporting requirements on hold, providing relief to 32 million small businesses. The law, aimed at combating money laundering, requires companies to disclose beneficial ownership information, but its constitutionality is being challenged in court. The CTA was set to take effect after a … Read more
A prominent short-seller, Hindenburg Research, has accused Carvana Co., an auto retailer, of financial manipulation in a report titled “Carvana: A Father-Son Accounting Grift for the Ages.” The firm claims that Carvana’s subprime loan portfolio carries substantial risk and its growth is unsustainable. Hindenburg took a short position on Carvana’s stock after conducting research, including … Read more
Relations between Hungary and Poland have soured over recent months, particularly after Budapest granted asylum to a Polish fugitive in December. The move sparked outrage from Warsaw, which is now taking the reins of the Council of the EU as its presidency begins with an inauguration gala at the Grand Theatre in Warsaw on Friday. … Read more
Jimmy Butler’s time with the Miami Heat is nearing its end. Sources close to the team have confirmed that Butler wants a change of scenery, but his desire for a new contract or trade has left Pat Riley, the Heat’s president and CEO, uninterested in extending his deal. The tension between Butler and Riley dates … Read more