Malaysia’s former premier, Najib Razak, had his jail sentence for graft and money laundering related to the multibillion-dollar 1MDB scandal halved on Friday. This move has sparked concerns about the commitment of Prime Minister Anwar Ibrahim’s government to fighting corruption. Anwar, who ran on an anti-corruption platform, formed a coalition with Najib’s party, the United
Politics
Entering the election year with a mere $3.5 million in cash, political action committee SFA Fund Inc. is raising concerns about the financial viability of former U.N. ambassador Nikki Haley’s presidential campaign. While the committee managed to raise over $50 million, it spent almost $63 million to back Haley, leaving her with a paltry war
Taylor Swift, the pop-music megastar and influential figure, has long been revered for her talent and success in the music industry. However, in recent years, her foray into politics and endorsement of President Joe Biden’s campaign has made her the target of criticism and conspiracy theories from allies of former President Donald Trump. As Swift’s
The cryptocurrency industry has been riddled with scams and fraudulent schemes, but none have been as widespread and lucrative as the HyperFund pyramid scheme. In a shocking turn of events, the Department of Justice (DOJ) has brought criminal charges against two individuals and secured the guilty plea of a third person for orchestrating this $1.9
Former President Donald Trump recently took to his new social media platform, Truth Social, to assert that the stock market’s upward trajectory is solely thanks to his influence. In an all-caps post, Trump declared, “THIS IS THE TRUMP STOCK MARKET” and attributed the market’s success to investors projecting his future victory over President Joe Biden.
Commodities trader Trafigura recently faced a security crisis when one of its tankers, the Marlin Luanda, was attacked by Yemen’s Houthi group in the Red Sea. As a result, Trafigura is now evaluating the risks associated with further voyages in the region. This incident has prompted other shipping companies to suspend transits through the Red
In a shocking turn of events, Vince McMahon, the executive chairman of TKO Group Holdings and founder of WWE, has resigned from both companies following allegations of sexual assault and sex trafficking. The news was confirmed by a WWE memo obtained by CNBC, which stated that McMahon will no longer have a role with TKO
The Federal Trade Commission (FTC) recently announced that it has fined Kubota, a leading tractor manufacturing company, $2 million for falsely labeling some of its replacement parts as “Made in the USA.” This settlement represents the largest civil penalty imposed for violating the Made in USA Labeling Rule, according to Samuel Levine, director of the
Recently, Binance founder, Changpeng “CZ” Zhao, faced rejection by a federal judge regarding his request to travel to the United Arab Emirates (UAE) for personal reasons. Despite offering to post his Binance equity worth $4.5 billion as security, the judge denied his request. This decision was revealed in a new court filing, shedding light on
Billionaire Reid Hoffman has decided not to provide any further financial support to Nikki Haley’s presidential campaign following her defeat in the New Hampshire Republican primary. This decision comes as a blow to Haley, as Hoffman was one of her early wealthy donors. While Haley has declared her intention to continue competing against former President