Adobe Faces Class Action Lawsuit Over Alleged Deceptive Subscription Practices
Adobe Inc. (Nasdaq: ADBE) is facing a class action lawsuit alleging the software giant uses misleading enrollment processes and hidden fees to trap customers in costly annual subscriptions they believe are monthly plans. The lawsuit, filed Monday in federal court in San Jose, claims Adobe’s “Annual, billed monthly” subscription option deceives consumers by displaying only […]
Trump Brothers Give Blank-Check Another Try In A $300M SPAC IPO
New America Acquisition I Corp. promises to “revitalize domestic manufacturing,” yet its biggest beneficiaries at launch will be its two highest-profile advisers: presidential sons Eric Trump and Donald Trump Jr. The Florida-incorporated SPAC filed on Monday to raise US$300 million on the NYSE at the standard US$10 a unit. The registration statement says the blank-check […]
Sitka Hits 1 g/t Gold Over 152 Metres, Unlocks Third Deposit At RC Gold
Sitka Gold (TSXV: SIG) has confirmed a third intrusion-related gold deposit at its 100%-owned RC Gold project in Yukon’s Tombstone belt, reporting long, near-surface intercepts from the first two 2025 holes at the Rhosgobel target. The newly released assays, drilled roughly five kilometres south of the flagship Blackjack deposit, show broad mineralized envelopes beginning almost […]
Trump Turns to Bankers for Fannie Mae, Freddie Mac Privatization Plan
President Donald Trump is consulting with major bank CEOs about strategies for privatizing mortgage giants Fannie Mae and Freddie Mac, marking his most concrete steps yet toward ending nearly two decades of federal control over the companies that support 70% of US mortgages. The president has held discussions with JPMorgan Chase CEO Jamie Dimon at […]
Tariffs Yield Record US Revenue, But Who Will Pay For These?
Tariffs are reshaping America’s balance sheet, but the cash pipeline seems to start and end at home. Gross customs duties hit a record $29.6 billion in July, up from $27.2 billion in June, yielding $113.3 billion for the first nine months of fiscal 2025, almost double last year’s haul. Treasury officials say collections could reach […]
Tariffs, Soft Data Drive Citi’s $3,500 Gold Outlook
Citigroup on Monday raised its three-month gold price forecast to $3,500 per ounce, up from $3,300, arguing that the US economic outlook is turning decisively negative. The bank also widened its expected trading band to $3,300–$3,600, compared with the prior $3,100–$3,500 range. “US growth and tariff-related inflation concerns are set to remain elevated during 2H’25, […]
Tesla Board Approves Fresh $29B Pay Structure for Elon Musk
Tesla‘s (Nasdaq: TSLA) board awarded CEO Elon Musk a new $29 billion compensation package, even as his previous record-breaking pay deal remains tied up in Delaware courts. The package grants Musk 96 million Tesla shares at $23.34 each, reflecting the company’s ongoing efforts to retain its CEO amid competing business interests and legal uncertainties. It […]
Amphenol to Buy CommScope’s Broadband Unit for $10.5 Billion
American cable producer Amphenol (NYSE: APH) has agreed to buy telco provider CommScope Holding’s (NASDAQ: COMM) Connectivity and Cable Solutions segment for $10.5 billion in cash. CommScope expects the sale to close in the first half of 2026. CommScope plans to retire all debt, redeem Carlyle Group’s preferred equity, and then issue a special dividend […]
US Super Squadron Deployment Tests North Korea’s Nuclear Ultimatum
The US Air Force is moving 31 F-16s from Kunsan to Osan Air Base—about 48 miles south of the Demilitarized Zone—just days after Kim Yo-jong, the sister of North Korean leader Kim Jong-un, warned that talks are impossible unless Washington drops its denuclearization demand. “Any attempt to deny the position of the DPRK as a […]
Tesla Ordered to Pay $243 Million in Fatal Autopilot Crash
Tesla (Nasdaq: TSLA) must pay $243 million in damages following a jury’s determination that the company shares responsibility for a deadly 2019 Autopilot-related crash in Florida, marking the automaker’s first courtroom loss in a wrongful death case involving its driver-assistance technology. The Miami federal jury assigned 33% of the blame to Tesla for the April […]