SiriusXM Slapped With Class Action Lawsuit Over Deceptive Pricing
Sirius XM Radio Inc. (Nasdaq: SIRI) is facing a proposed class action lawsuit alleging deceptive advertising practices. According to the lawsuit filed by plaintiffs Christopher Carovillano and Steven Brandt in the US District Court for the Southern District of New York, the company advertises its music plans at misleadingly low prices by concealing a fabricated […]
Trump Employee Causing Damage In Mar-a-Lago IT Room Mars Federal Investigation
An employee at Donald Trump’s luxurious Mar-a-Lago residence reportedly caused a major flood, inadvertently inundating a room housing crucial computer servers containing surveillance video logs. While the motive behind the flooding remains unclear, federal prosecutors investigating Trump’s handling of classified documents have deemed the incident suspicious. Sources familiar with the matter revealed that witnesses have […]
SEC Wants To Freeze Binance US Assets; Binance Says “User Assets Remain Safe And Secure”
The U.S. Securities and Exchange Commission (SEC) has launched an all-out assault on cryptocurrency exchange Binance, requesting an immediate freeze of its U.S. assets. The move comes just one day after U.S. regulators filed a lawsuit against Binance and its CEO Changpeng Zhao, accusing them of orchestrating a “web of deception,” and adding to the […]
Businesses Give Up On San Francisco: Owner To Abandon Two of the City’s Biggest Hotels
San Francisco’s downtown area is facing further disinvestment as the owner of two prominent hotels, Hilton San Francisco Union Square and Parc 55, has announced its decision to cease mortgage payments and relinquish the properties. Park Hotels & Resorts (NYSE: PK), the owner, announced on Monday that it had stopped making payments on a $725 […]
Reverse Psychology? Cathie Wood Buys Over $21 Million In Coinbase Stake Amid SEC Suit
Cathie Wood’s investment firm, Ark Investment Management LLC, has made a daring move by increasing its holdings of the beleaguered crypto firm Coinbase Global (NASDAQ: COIN). This decision comes at a time when Coinbase shares faced a significant decline following allegations from the Securities and Exchange Commission (SEC) regarding unlawful exchange operations. According to data […]
Toronto Tenants Launch Rent Strike Against Above-Guideline Rent Increases
Over 100 tenants in a Thorncliffe Park apartment complex have launched a rent strike in protest of proposed above-guideline rent increases (AGIs) of nearly 10 percent over the past two years, according to a tenant advocacy group. The Federation of Metro Tenants’ Associations (FMTA) shared copies of 2022 and 2023 notices with CBC Toronto, revealing […]
Alabama, 9 US States Give Coinbase 28 Days To Prove Why They Shouldn’t Be Shut Down
Cryptocurrency giant Coinbase Global (NASDAQ: COIN) and its parent company find themselves in hot water as the Alabama Securities Commission (ASC) issues a show cause order, giving them just 28 days to justify their continued operations in the state. The ASC is part of a multi-state task force, consisting of 10 state securities regulators, including […]
Families Of 9/11 Victims Blast PGA’s Merger With Saudi-Backed LIV Golf: “Hypocrisy And Greed”
The 9/11 Families United coalition has unleashed their fury on the recent merger between the US PGA Tour and Saudi-backed LIV Golf. In a scathing statement, the organization, comprising survivors and families of the 9/11 victims, expressed deep offense and condemned the “hypocrisy and greed” of PGA Tour leaders. “Saudi operatives played a role in […]
Tiff Macklem Delivers 25 Basis-Point Interest Rate Hike
Against expectations, Bank of Canada governor Tiff Macklem raised borrowing costs on Wednesday by another 25 basis-points, bringing the overnight rate from 4.5% to 4.75%. Although policy makers acknowledged consumer prices are declining in line with lower global energy prices, they pointed to a stubbornly high core inflation rate as the main reasoning to continue […]
Dollarama Posts 17.1% Increase In Same Store Sales For Fiscal Q1 2024 Amid “Inflationary Pressure”
Dollarama (TSX: DOL) reported its financials for fiscal Q1 2024 ended April 30, 2023, headlined by a 20.7% in total sales to $1.29 billion, compared to $1.07 billion in the corresponding period of the prior fiscal year. This increase was driven by an uptick in the total number of stores over the previous year (from 1,431 on […]