Sam Bankman-Fried Found Guilty , on All Fraud Counts.
The FTX founder has been convicted of
seven criminal counts of fraud, CNBC reports.
Five counts pertain to conspiracy, and
two counts are associated with wire fraud.
The maximum sentence that the
31-year-old faces is 115 years in prison.
Damian Williams, U.S. attorney for the
Southern District of New York, issued a
statement after Bankman-Fried was found guilty.
Damian Williams, U.S. attorney for the
Southern District of New York, issued a
statement after Bankman-Fried was found guilty.
Sam Bankman-Fried perpetrated
one of the biggest financial
frauds in American history, Damian Williams, U.S. attorney for the
Southern District of New York, via statement.
This case should send a clear message
to anyone who tries to hide their crimes
behind a shiny new thing they claim no one
else is smart enough to understand: the
Justice Department will hold you accountable, Damian Williams, U.S. attorney for the
Southern District of New York, via statement.
Mark Cohen, Bankman-Fried's attorney, said that
his client âmaintains his innocence and will continue
to vigorously fight the charges against him.â.
His legal team will likely
appeal the verdict, Fox News reports.
Diddy Returns Key , to NYC.
New York City Mayor Eric Adams
presented the Key to the City to
Sean "Diddy" Combs in September 2023.
Earlier this month, Mayor Adams asked the rapper to
give it back after 2016 security footage of Combs
assaulting his ex, Cassie, surfaced, NBC News reports. .
The footage shows Combs chasing Cassie down
a hotel hallway, grabbing her near the elevator, throwing her to the ground and kicking her twice.
He then proceeded to drag her
on the ground by her sweatshirt.
In a letter addressed to Diddy, Adams asked for the Key to the City to be returned and said he "was deeply disturbed" by the footage, NBC News reports.
I strongly condemn these actions
and stand in solidarity with all
survivors of domestic and gender-based violence, NYC Mayor Eric Adams, via letter to Diddy.
Our city has worked tirelessly to
make sure survivors are heard and
seen by our administration, NYC Mayor Eric Adams, via letter to Diddy.
Diddy has since honored the mayor's
request and returned the key.
He also released a video apology, calling his "behavior" in the footage "inexcusable.".
Five lawsuits alleging "sexual assault, sexual trafficking"
and "other criminal activity" have been filed
against Diddy since November, NBC News reports.
Federal agents searched his properties and
seized his phones in March after a warrant was issued by the U.S. District Court for the Southern District of New York
Credit: Wibbitz Top Stories Duration: 01:31Published
Walgreens Plans , âSignificantâ Store Closures.
On June 27, Walgreens announced quarterly earnings
that were poorer than expected, NBC News reports.
The company's stock fell 15% in pre-market trading.
CEO Tim Wentworth issued a press release.
We continue to face a difficult operating
environment, including persistent
pressures on the U.S. consumer and the
impact of recent marketplace dynamics
which have eroded pharmacy margins, Tim Wentworth, Walgreens CEO, via press release.
Our results and outlook
reflect these headwinds, Tim Wentworth, Walgreens CEO, via press release.
Wentworth elaborated in an interview with CNBC.
The consumer is absolutely stunned by
the absolute prices of things, and the
fact that some of them may not be
inflating doesnât actually change their
resistance to the current pricing, Tim Wentworth, Walgreens CEO, via CNBC.
On a call with analysts, Wentworth said that Walgreens' strategy will have to "include the closure of a significant portion of these underperforming stores.".
75% of our stores drive 100% of our
profitability today. What that means is
the others we take a hard look at, we are
going to finalize a number that we will close, Tim Wentworth, Walgreens CEO, via call with analysts.
The pharmacy chain currently
operates about 8,600 stores
Credit: Wibbitz Top Stories Duration: 01:30Published
US Water System May Be , Vulnerable to Cyberattack, by China, Russia and Iran.
CNBC reports that the United States
water system has been the target of a series
of cyberattacks over the past few years. .
In response, the Environmental Protection Agency
(EPA) has been forced to issue an alert warning
that 70% of water systems do not comply
with the Safe Drinking Water Act.
According to the EPA, some have âalarming
cybersecurity vulnerabilities,â including
unchanged default passwords and former
employees who retain access to vital systems.
In February, the FBI issued a warning to
Congress that Chinese hackers have embedded
themselves into the U.S. cyber infrastructure. .
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Water is among
the least mature
in terms of security, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Stuart Madnick, an MIT professor of engineering
systems and co-founder of Cybersecurity at
MIT Sloan, warns that an attack that shuts off
water to the population is the main concern.
We have demonstrated in our
lab how operations, such as
a water plant, could be shut
down not just for hours or
days, but for weeks, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
CNBC reports that budgets, outdated
infrastructure and an overall reluctance to take
action may prevent necessary fixes from
being made before a serious attack.
Credit: Wibbitz Top Stories Duration: 01:31Published
European Union Announces , Higher Tariffs on Chinese EVs.
On June 12, the EU said it will
impose higher tariffs on imports of
Chinese electric vehicles (EVs), CNBC reports. .
The increase in tariffs is the result of a
probe launched by the EU in October.
According to the EU, the Chinese imports benefit "heavily from unfair subsidies" and threaten "economic injury" to European EV producers.
The influx of subsidized Chinese imports
at artificially low prices therefore
presents a threat of clearly foreseeable
and imminent injury to EU industry, European Commission, via statement.
A 38.1% tariff will be imposed on battery electric vehicle producers who refused to cooperate with the bloc's investigation.
A 21% tariff will be implemented for carmakers in China who complied
but have yet to be "sampled.".
On June 11, a spokesperson for China's Ministry of Commerce called the higher
tariffs a "protectionist act.".
The findings disclosed in the EU
ruling lack factual and legal basis, Spokesperson for China's Ministry of Commerce, via statement.
This is a naked protectionist act,
creating and escalating trade
frictions, and 'destroying fair
competition' in the name of
'maintaining fair competition.' , Spokesperson for China's Ministry of Commerce, via statement.
This move by the EU not only damages the
legitimate rights and interests of Chinaâs
electric vehicle industry, but will also disrupt
and distort the global automotive industry
chain supply chain, including the EU, Spokesperson for China's Ministry of Commerce, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk Drops Lawsuit , Against OpenAI.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
The suit alleged that OpenAI initially worked
to develop artificial general intelligence
"for the benefit of humanity" but later strayed
from that goal to become a for-profit entity. .
Musk, who had a hand in launching
OpenAI, was suing "for breach of contract
and fiduciary duty," CNBC reports.
In March, experts told CNBC that the suit had a murky legal foundation because there was no formal written agreement signed by each party.
On June 11, Musk dropped the lawsuit.
It was dismissed without prejudice.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
He called the partnership "an unacceptable security violation" since Apple has
"no clue what's actually going on.".
Itâs patently absurd that Apple isnât
smart enough to make their own
AI, yet is somehow capable of
ensuring that OpenAI will protect
your security & privacy!, Elon Musk, via X.
Musk went on to say that if Apple
"integrates OpenAI at the OS level," the company's devices will be banned at his businesses.
Credit: Wibbitz Top Stories Duration: 01:31Published
Apple Is Reportedly Building , a Dedicated Passwords App.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
The new app will be called Passwords, Engadget reports.
The app will be revealed at the
Worldwide Developers Conference in June.
While Apple already offers password
services via the iCloud Keychain.
it can be tedious to find
or change passwords with it.
A dedicated passwords app would make the whole process easier and likely encourage some people to stick with Apple.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Such categories include "accounts, WiFi networks and Passkeys," CNBC reports. .
Users will be able to
import passwords from other apps.
Two-factor verification codes
will also be supported.
It's not clear if Passwords will let you
store files and images as its rivals do.
Credit: Wibbitz Top Stories Duration: 01:30Published
Fox News reporter Peter Doocy and White House Press Secretary Karine Jean-Pierre clashed over President Biden's plan to limit events after 8 PM. Doocy sarcastically questioned late-night decision-making, while Jean-Pierre insisted Biden was joking. The exchange highlighted tensions between the press and the White House. Biden's campaign team defended his schedule, comparing it to previous presidents and contrasting it with Trump's habits.
#FoxNews #PeterDoocy #KarineJeanPierre #WhiteHouse #WhiteHousePressBrief #WhiteHousenews #USnews #Biden #JoeBiden #Oneindia #Oneindianews
~HT.178~PR.320~ED.101~GR.124~
Spinach Recalled , After Testing Positive for Listeria.
Over 40 spinach products are being recalled after testing positive for the bacterial illness, according to federal health officials. .
The recall for "Fresh Spinach" was issued by
Solata Foods LLC in New York, Fox News reports. .
The spinach was tested by the New York State Department
of Agriculture and Market Food Inspectors.
Listeria was found in a "9-ounce package of Bogopa fresh spinach," Fox News reports. .
Production of the product has been halted.
Consumers are being advised to
return the affected product for a refund. .
No illnesses have been reported yet.
People who consume listeria can
develop listeriosis, which ranges in
severity and can last up to several weeks.
Symptoms include "fever, muscle aches, nausea, vomiting, and diarrhea," Fox News reports.
Serious cases can result in "headache, stiff neck, confusion, loss of balance and convulsions," Fox News reports.
The bacterial infection can be fatal in
children and other susceptible people.
Credit: Wibbitz Top Stories Duration: 01:31Published
Boycotts Lead SXSW to, Drop US Military Sponsors, for 2025 Festival.
On June 26, South by Southwest (SXSW) announced that the
United States Army would no longer be sponsoring the
2025 festival after boycotts by artists and panelists occurred in 2024.
On June 26, South by Southwest (SXSW) announced that the
United States Army would no longer be sponsoring the
2025 festival after boycotts by artists and panelists occurred in 2024.
After careful consideration,
we are revising our sponsorship
model. As a result, the U.S. Army,
and companies who engage in
weapons manufacturing, will
not be sponsors of SXSW 2025, SXSW statement, via Fox News.
Fox News reports that over 80 artists and panelists pulled
out of the 2024 festival "in solidarity with Palestine,"
according to the Austin for Palestine coalition.
Fox News reports that over 80 artists and panelists pulled
out of the 2024 festival "in solidarity with Palestine,"
according to the Austin for Palestine coalition.
The group called for a boycott of SXSW
over the organization's ties to the U.S. military
and weapons-manufacturing companies. .
In 2024, the U.S. Army, Defense Department, , Raytheon and L3Harris , all sponsored the SXSW festival.
In 2024, the U.S. Army, Defense Department, , Raytheon and L3Harris , all sponsored the SXSW festival.
We appreciated the opportunity
to join South by Southwest in 2024.
With U.S. Army Futures Command
headquartered in Austin, we value
any opportunity to join with our
community to ignite discovery
and make new connections. , Lt. Col. Jamie Dobson, U.S. Army Futures Command Spokesperson, via Fox News Digital.
The Army will continue to
seek opportunities to meet
technology innovators and
leaders, explore new ideas
and insights, and create dynamic
industry partnerships because
tomorrow is worth protecting. , Lt. Col. Jamie Dobson, U.S. Army Futures Command Spokesperson, via Fox News Digital.
Bands and artists participating in the boycott,
including Squirrel Flower, Scowl and Okay Shalom,
explained why they protested the 2024 festival. .
There are many ways SXSW is harmful
to working musicians, but I am pulling
out specifically because of the fact
that SXSW is platforming defense
contractors including Raytheon
subsidiaries as well as the U.S. Army,
a main sponsor of the festival, Squirrel Flower, also known as
Ella Williams, via Instagram.
Genocide profiteers like Raytheon
supply weapons to the IDF, paid for
by our taxes. A music festival should
not include war profiteers. I refuse
to be complicit in this and withdrawl
[sic] my art and labor in protest, Squirrel Flower, also known as
Ella Williams, via Instagram.
Genocide profiteers like Raytheon
supply weapons to the IDF, paid for
by our taxes. A music festival should
not include war profiteers. I refuse
to be complicit in this and withdrawl
[sic] my art and labor in protest, Squirrel Flower, also known as
Ella Williams, via Instagram
Credit: Wibbitz Top Stories Duration: 01:31Published
McDonaldâs Ends , AI Drive-Thru Test With IBM.
Fox News reports that McDonald's has decided to end its artificial intelligence drive-thru program. .
According to 'Restaurant Business,'
McDonald's Chief Restaurant Officer Mason Smoot said
the decision was made "after a thoughtful review.".
McDonald's has decided to end
our current partnership with IBM
on AOT [automated order taking]
and the technology will be shut
off in all restaurants currently testing
it no later than July 26, 2024, Mason Smoot, McDonald's Chief
Restaurant Officer, via Fox News.
The program, which started
in 2021, saw over 100 McDonald's
locations help test the new technology.
While there have been successes
to date, we feel there is an
opportunity to explore voice
ordering solutions more broadly, Mason Smoot, McDonald's Chief
Restaurant Officer, via Fox News.
According to Smoot, McDonald's will make
"an informed decision on a future voice
ordering solution by the end of the year." .
The goal of the test was
to determine if an automated
voice ordering solution could
simplify operations for crew
and create a faster, improved
experience for our fans, McDonald's statement, via Fox News.
The company echoed Smoot's sentiment in
a statement to Fox News, while also addressing
the future of AI programs at McDonald's.
After thoughtful review, McDonaldâs
has decided to end our current global
partnership with IBM on AOT beyond
this year. IBM remains a trusted
partner and we will still utilize
many of their products
across our global system, McDonald's statement, via Fox News.
We see tremendous opportunity in
advancing our restaurant technology
and will continue to evaluate
long-term, scalable solutions that
will help us make an informed decision
on a future voice ordering solution
by the end of the year, McDonald's statement, via Fox News.
We see tremendous opportunity in
advancing our restaurant technology
and will continue to evaluate
long-term, scalable solutions that
will help us make an informed decision
on a future voice ordering solution
by the end of the year, McDonald's statement, via Fox News
Credit: Wibbitz Top Stories Duration: 01:30Published
George Strait Sets New , US Concert Attendance Record.
Strait played in front of 110,905 fans at Texas A&M's Kyle Field on June 15, Fox News reports. .
The feat broke the all-time concert attendance record in the U.S. which was previously held by the Grateful Dead. .
The feat broke the all-time concert attendance record in the U.S. which was previously held by the Grateful Dead. .
In 1977, the Grateful Dead played to
107,019 fans at New Jersey's Raceway Park. .
Breaking records isn't anything new for Strait.
He has the most No. 1 singles in any music genre, and he's the only musician to get a top 10 hit every year for the past three decades, Fox News reports. .
He's also had the most No. 1 country albums, selling over 120 million records globally.
Among those in attendance at Kyle Field on
June 15 were Gov. Greg Abbott and Sen. Ted Cruz.
Among those in attendance at Kyle Field on
June 15 were Gov. Greg Abbott and Sen. Ted Cruz
Credit: Wibbitz Top Stories Duration: 01:30Published
A jury has found Sam Bankman-Fried guilty of all seven criminal counts against him. The former FTX CEO faces a maximum sentence of 115 years in prison.
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