Business - World News

Elizabeth Holmes, who was called the ‘next Steve Jobs’ at Age 19, and now sentenced more than 11 years in prison.

Elizabeth Holmes, once hailed as the ‘next Steve Jobs’ and the founder of the revolutionary blood testing company Theranos, has been sentenced to 11 years in prison for her involvement in a multi-billion dollar fraud. Holmes, who started Theranos at the young age of 19 and quickly rose to become the world’s youngest billionaire woman, has now faced the consequences of her actions. This article delves into the rise and fall of Elizabeth Holmes, the controversies surrounding her, and the ultimate closure of Theranos due to fraudulent practices.

One Coin can Save America from Default

admin11 months ago11 months ago017 mins

As the United States faces a looming debt crisis, Republicans and Democrats are struggling to reach an agreement to avert default. To prevent the country from defaulting and to safeguard the global economy, experts have proposed issuing One Coin can Save America from Default, a one trillion dollar platinum coin. While the Treasury Secretary has dismissed the idea, some officials in the Biden administration remain open to considering it. This article examines the implications and viability of issuing such a coin amidst ongoing negotiations between the two parties and the increasing pressure to raise the debt ceiling.

The Impact of Recession: Disney Announces Third Round of Layoffs Amidst Writers’ Strike

admin11 months ago11 months ago05 mins

Explore the ongoing global recession and its far-reaching consequences, with Disney once again making headlines for its latest round of layoffs. Discover the details behind Disney’s decision to hand over pink slips to over 2,500 employees, along with the removal of titles from its streaming platform. Learn about the challenges faced by media companies amidst the writers’ strike and their demands for higher pay and changes to work rules. Uncover the previous job cuts at Disney and its CEO’s plans for restructuring and cost-saving measures. Delve into the implications of the streaming business’s quarterly loss and the leadership shakeup at Disney.

Prominent entrepreneur Bob Lee murdered, No arrests after 36 hours

admin1 year ago1 year ago06 mins

US News, April 5, 2023. Bob Lee, the former chief technology officer-CTO of @Square, chief product officer-CPO of @MobileCoin, Startup advisor and angel investor, Former Creater of @CashApp, passed away in San Francisco after what appears to have been a stabbing. Mr Lee was found at 2.35am outside a luxury high rise apartment on the 300 block of Main…

Arthur Sulzberger, a former publisher of the New York Times, has donated his Red Sox World Series ring to a museum.

admin1 year ago1 year ago04 mins

US News, April 2, 2023. The names engraved on the glittering 2004 World Series rings are still recognisable to Boston Red Sox supporters today: Damon, Francona, Martnez, Ortiz, Ramirez, Schilling, Sulzberger, and Varitek. It would be Arthur Sulzberger Jr., the current chairman of The New York Times Company and previous publisher of The New York…

Credit Suisse, may bring a fresh set of regulatory and legal problems for its new owner

admin1 year ago1 year ago023 mins

US News, March 29, 2023. Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal problems for its new owner. For years, the bank has provided a safe haven for wealthy American clients to hide assets…

Business

Earn Infinite dollars without spending any money and without doing anything for long time

admin1 year ago1 year ago01 mins

US News, March 26, 2023. We are going to tell you about an App, in which a huge amount of money can be earned without ever putting a single penny. In fact, one person has claimed to have earned crores of rupees on this. If you also want to earn dollars from this app without…

Business

3 formulas to become millionaire…

admin1 year ago1 year ago02 mins

US News, March 27, 2023. We came here to our knowledge, are going to give you information about three methods available on the internet. There is a way in which you can become a millionaire within 15 days, and there is another way in which it may take you 5 years to become a millionaire….

Business

US backstops Silicon Valley Bank sale to First Citizens

admin1 year ago1 year ago08 mins

US News, March 27. US regulators said on Monday they would backstop a deal for regional lender First Citizens BancShares (FCNCA.O) to acquire failed Silicon Valley Bank, triggering an estimated $20 billion hit to a government-run insurance fund. The Federal Deposit Insurance Corp. has agreed on the sale of troubled Silicon Valley Bank to North Carolina-based First-Citizens…