A company majority owned by former President Donald Trump, Trump Media and Technology Group (TMTG), has launched applications for three exchange-traded funds (ETFs) under its Truth.Fi brand. The proposed ETFs include a “Truth.Fi Bitcoin Plus ETF,” as well as “Truth.Fi Made in America ETF” and “Truth.Fi Energy Independence ETF.” The company aims to differentiate its … Read more
Senator Amy Klobuchar has introduced a bill aimed at banning algorithmic price fixing, which she claims can artificially raise prices and stifle competition in various markets. The legislation targets algorithms designed to manipulate prices, limiting consumer choice and driving up costs. Klobuchar’s bill focuses on the sale of location data, which she believes can be … Read more
Ford Motor Company has issued a forecast that it may incur significant losses related to its electric vehicle (EV) endeavors in 2025. According to the company, it could lose up to $5.5 billion on its EV projects. This loss is primarily due to increasing tariffs on vehicles imported from Mexico and Canada. These tariffs have … Read more
Venture capital firm Andreessen Horowitz has hired Daniel Penny, a former Marine who was acquitted on a charge of criminally negligent homicide after fatally choking another passenger on a New York City subway. Penny will join the “American Dynamism” team, which invests in industries that support American interests, including aerospace, defense, and public safety. The … Read more
Bonobos, closely related to humans, have been found to possess a unique ability – recognizing ignorance in others and communicating new information to correct it. Researchers at Johns Hopkins University conducted an experiment with three bonobos, placing them in a cooperative setting with a human partner. The test involved hiding grapes under cups, and the … Read more
Irv Gotti, a key figure behind influential music label Murder Inc., has died at the age of 54. As a producer, he worked with prominent artists such as Ja Rule, Jay-Z, and DMX, contributing significantly to their success in hip-hop and R&B genres. Source: https://www.washingtonpost.com/obituaries/2025/02/06/irv-gotti-dead-murder-inc-records
CBS has emerged victorious in its long-standing legal battle with Sony Pictures Television over the distribution rights to Jeopardy! and Wheel of Fortune. A Los Angeles judge approved a restraining order on February 5, blocking Sony from taking control of the shows’ distribution duties. The dispute began in October 2024 when Sony sued CBS, alleging … Read more
A new diagnostic test, ClearStrand-ASD, has been developed to identify autism spectrum disorder (ASD) in children as young as one year old. The test analyzes a single strand of hair using proprietary robotics and lasers, generating thousands of data points that help identify a molecular signature associated with ASD. Developed by LinusBio, a precision exposome … Read more
Mortgage applications to buy a home fell 4% last week, compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Despite more listings coming on the market, demand remains flat compared to the same week last year. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased … Read more
Amazon shares lost ground in extended trading on Thursday after the tech giant reported cloud computing revenue below expectations and issued a tepid current quarter outlook. The company’s AWS cloud unit revenue grew 19% to $28.79 billion, but came in short of the expected $28.87 billion. CEO Andy Jassy cited inconsistent chip supply from third-party … Read more