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☆ Tom Brady and Gisele Bundchen’s FTX stake will probably get wiped out
▼ + stars: | 2023-01-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

Brady owns 1.1 million common shares of FTX, while Bundchen owns 686,000 shares, according to bankrupcty court documents filed Monday. Whatever Brady and Bundchen paid for their stakes, they, along with hundreds of other investors, will almost certainly see their positions completely wiped out. When companies go bankrupt, stockholders are typically the last in line to recover any funds. Soon after FTX’s collapse, a customer filed a proposed class-action lawsuit against FTX founder Sam Bankman-Fried, along with Brady, Bundchen and several other celebrity backers. Federal prosecutors accuse the 30-year-old entrepreneur, once a celebrity in crypto circles, of stealing customer funds from FTX to cover outsize losses at his hedge fund, Alameda.

☆ Newcastle stunned but West Ham, Spurs, Leicester progress
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

West Ham secured their ticket to the fourth round after Said Benrahma scored a stunning long-range effort against his former club in a 1-0 win at Brentford. Josh Windass netted twice for Wednesday as they took a two-goal lead over Newcastle in the second half. Yet they did little in the way of replicating the form which saw them lead 2-0 after 43 minutes against West Ham when they met in the Premier League eight days ago. Brentford are now out of both domestic cup competitions, having exited the League Cup after a loss to League Two Gillingham in November. Elsewhere, Premier League sides Bournemouth and Nottingham Forest suffered defeats by Championship teams Burnley and Blackpool respectively.

☆ Newcastle shocked by third-tier Sheffield Wednesday
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

SHEFFIELD, England, Jan 7 (Reuters) - Premier League high-flyers Newcastle United were shocked by third-tier Sheffield Wednesday on Saturday as they suffered a 2-1 away defeat to crash out of the FA Cup in the third round. Newcastle, who sit third in the top flight, fell two goals behind as League One side Sheffield Wednesday’s Josh Windass netted twice in the second half. "It's one of the proudest moments in my managerial career to date," Wednesday manager Darren Moore told the BBC. Newcastle manager Howe highlighted that he thought his team should've made the most of the chances they created. "We have to accept the defeat and Sheffield Wednesday battled for everything, as we did, but it wasn’t to be."

☆ Russian hackers launched attacks on 3 US nuclear research laboratories, says Reuters investigation
▼ + stars: | 2023-01-07 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +3 min

A group of Russian hackers targeted three US nuclear research laboratories. Russian hackers have used malware in phone apps to track Ukrainian artillery units. Russian hackers have used malware in phone apps to track Ukrainian artillery units and have sent propaganda to Ukrainian phones using simulators that imitate cell towers. Ukrainians have also reportedly tracked Russian generals making unsecured calls and used the information to launch attacks, Insider's Christopher Woody reports. In 2018, it was reported that the Russian military had been able to jam some US drones operating in the skies over Syria, seriously affecting American military operationsx

LONDON/WASHINGTON, Jan 6 (Reuters) - A Russian hacking team known as Cold River targeted three nuclear research laboratories in the United States this past summer, according to internet records reviewed by Reuters and five cyber security experts. Cold River has escalated its hacking campaign against Kyiv's allies since the invasion of Ukraine, according to cybersecurity researchers and western government officials. 'INTELLIGENCE COLLECTION'In May, Cold River broke into and leaked emails belonging to the former head of Britain's MI6 spy service. Reuters was unable independently to confirm why Cold River targeted the NGOs. "Google has tied this individual to the Russian hacking group Cold River and their early operations," he said.

☆ Delinquent student loans can reduce Social Security by $2,500 a year
▼ + stars: | 2023-01-05 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Getty ImagesIf you are delinquent on federal student loans and collect Social Security benefits, you may have your monthly checks reduced. Social Security benefits are typically subject to partial withholdings after prolonged federal student loan delinquencies. Today's Social Security beneficiaries who are behind on federal student loans are not subject to benefit withholdings, as those collections have been suspended as part of the federal student loan payment pause that has been in effect since March 2020, Minsky noted. "No one is having their Social Security checks garnished right now," Minsky said. How policy may influence debtsBiden has proposed broad student loan forgiveness of up to $10,000 for federal student loans, or up to $20,000 for Pell grant recipients.

Bantar Gebang is one of the world's largest landfills. It accepts up to 7,000 tons of garbage every day from Jakarta, Indonesia. Thousands of poor families survive by scavenging through the trash. Loading Something is loading. They're at risk of getting injured by giant excavators, shards of glass, and methane emitted by the landfill.

☆ Meta Just Issued a Status Update. Wall Street Should Read Into It.
▼ + stars: | 2022-12-17 | by ( Laura Forman | ) www.wsj.com time to read: 1 min

A leading social network is going retro. Instagram Notes, which launched in many countries worldwide this past Tuesday, is “essentially a status update,” said Instagram head Adam Mosseri . Think of it as a 2022 take on a feature Facebook unveiled way back in 2006, then mimicking AOL’s AIM “away message.” Also “new” on Instagram: Candid Stories, a feature being tested as a way for users to share “what’s happening right now” using both the front and the back of the camera at the same time. That is essentially a copycat of Gen Z phenomenon BeReal, but integrated into Instagram Stories.

☆ Boies law firm makes odd moves in FTX case against Tom Brady, celebs
▼ + stars: | 2022-12-15 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

That was apparently not what the Boies and Moskowitz firms were hoping. In mid-November, the firms filed the first of their three FTX lawsuits in federal court. On Nov. 21, the Boies and Moskowitz firms filed a second FTX class action, this time on behalf of non-U.S. FTX customers. The day after Bloom’s assignment to the case, the Moskowitz and Boies firms voluntarily dismissed the two previously-filed FTX class actions before Moore and Gayles. “As we got more cases, we filed more cases,” Moskowitz said.

☆ Instagram is the new 'business card' for creators. Here's why industry experts say this could be Meta's secret weapon.
▼ + stars: | 2022-12-12 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +7 min

Instagram has become a "business card" or "Rolodex" for creators and business owners. Here's why creator industry insiders and experts say messaging is a big opportunity for Instagram. "I could not do my business without Instagram DMs," said Eric Wei, a former Instagram staffer who left to found creator economy fintech startup Karat. Meta's making moves to monetize messagingCracking how to monetize messaging isn't so straightforward. This year, Meta hosted "Conversations" in May, a developer event focused on business messaging, after canceling its annual and broader developer event, F8.

☆ Take a look at the world's first 'upcycled' skyscraper that's been crowned building of the year
▼ + stars: | 2022-12-10 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

Quay Quarter Tower has been named World Building of the Year at the World Architecture Festival. The 49-storey skyscraper was partly built around the structure of an existing office building. Quay Quarter has been dubbed the world's first "upcycled skyscraper." The prize is the latest honour for Quay Quarter Tower, which has been dubbed the world's first "upcycled skyscraper" and a more sustainable solution to high-rise construction. Adam Mork/3XNThe 676 foot, 49-storey Quay Quarter Tower was announced as the winning design in 2014.

☆ IRS warns taxpayers about new $600 threshold for third-party payment reporting
▼ + stars: | 2022-11-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The IRS on Tuesday shared tips for the upcoming tax season — including a reminder about the new $600 threshold for receiving Form 1099-K for third-party payments. The change applies to payments from third-party networks, such as Venmo or PayPal, for transactions such as part-time work, side jobs or selling goods, according to the IRS. Before 2022, the federal Form 1099-K reporting threshold was for taxpayers with more than 200 transactions worth an aggregate above $20,000. However, Congress slashed the limit as part of the American Rescue Plan Act of 2021, and a single transaction over $600 may now trigger the form. More from Personal Finance:Biden administration extends payment pause on student loan debt'The stakes are high.'

☆ Tom Brady and Gisele Bundchen named in lawsuit against FTX
▼ + stars: | 2022-11-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Genesis said it was working with advisers “to explore all possible options,” adding that it would release a plan for the lending business next week. “We’re working tirelessly to identify the best solutions for the lending business, including among other things, sourcing new liquidity,” the company said. The suspension comes as the entire crypto industry is on edge following the unraveling of Sam Bankman-Fried’s FTX exchange and Alameda Research hedge fund, both of which filed for bankruptcy late last week. On Wednesday an FTX investor sued Bankman-Fried as well as several celebrities who have endorsed the platform, including Tom Brady, Gisele Bundchen and Steph Curry. “The deceptive FTX platform maintained by the FTX entities was truly a house of cards,” the proposed class-action lawsuit states.

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☆ For East Timor president, ASEAN membership a lifelong dream
▼ + stars: | 2022-11-12 | by ( Kate Lamb | ) www.reuters.com time to read: +3 min

At the time, East Timor was ruled by Portugal, although it was clear that Lisbon would soon relinquish its colony. East Timor was later annexed by Indonesia and gained full independence only in 2002. At a summit in the Cambodian capital Phnom Penh this week, ASEAN said East Timor would be granted observer status at high-level meetings of the bloc as it formulates a "roadmap for full membership". He served as the country's first foreign minister, prime minister from 2006 to 2007, and president from 2007 to 2012, during which time he survived an assassination attempt by rebel soldiers. East Timor celebrated 20 years of independence this year, but the country of 1.3 million people is heavily dependent on dwindling reserves of oil and gas.

☆ Mark Zuckerberg says some Meta employees will share desks as the company scrambles to reduce costs
▼ + stars: | 2022-11-09 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Some Meta employees will share desks as the company cuts costs amid layoffs, Mark Zuckerberg said. Zuckerberg said he viewed layoffs as a last resort and tried to cut costs in other areas beforehand. The Meta CEO announced the plans in a memo sent to employees regarding layoffs across the company. Extending the hiring freeze until early next year — with a few exceptions — is also set to help Meta reduce costs, Zuckerberg said. Meta expects the majority of its employees to spend at least half their time in the office.

☆ This move can trim or erase a tax bill if you had to sell stocks at a loss this year
▼ + stars: | 2022-11-07 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

That means many investors will have to sell assets at a loss, going against one of the most basic investing rules, to buy low and sell high. How tax loss harvesting works Investors who have sold assets at a loss this year from a brokerage account can use that to offset or even completely erase any capital gains taxes owed. If your losses exceed your capital gains or you didn't have any, you can deduct up to $3,000 of income from your federal tax bill. Evercore ISI in a Nov. 6 note made a list of such stocks that it sees as good buying opportunities if you sold a similar name for tax loss harvesting. Because of this, it may make sense to consult both a tax professional and a financial advisor to ensure you're using tax loss harvesting as efficiently as possible.

☆ Former students of Ron DeSantis said he was a 'total jock' who partied with students and thought it was 'very special' that he graduated from Yale: NYT
▼ + stars: | 2022-11-05 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Ron DeSantis spent a year after college teaching at a private school in Georgia, per The New York Times. Former students said he had a "smug" air about him and was a "total jock" who partied with students. Some students recalled DeSantis fondly while others remembered "unthinkable" pranks he pulled on students. "He was a total jock; that was his personality," Gates Minis, a 2003 graduate of the school, told the Times. Some other students recalled the Florida governor differently, telling the Times he had a bit of a superiority complex.

☆ Analysis: Why is North Korea testing so many missiles?
▼ + stars: | 2022-11-03 | by ( Josh Smith | ) www.reuters.com time to read: +5 min

Analysts say North Korean leader Kim Jong Un seems to genuinely dislike the allied drills, and particularly the involvement of U.S. stealth fighters. After North Korea conducted an apparent intercontinental ballistic missile (ICBM) test on Thursday, the allies announced they would be extending Vigilant Storm past Friday. "North Korea is aiming to increase its deterrence capabilities," he said. If North Korea prefers to conduct a nuclear test in a crisis, it is well on its way to manufacturing one." North Korea has completed all the technical preparations for a nuclear test - its first since 2017 - according to South Korean and U.S. officials.

☆ Instagram is expanding subscriptions and NFT tools. Here are 9 ways creators can make money on the platform.
▼ + stars: | 2022-11-02 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Meta's not giving up on its fight to woo creators with more ways to earn money. Instagram's NFT feature, digital collectibles , will add several new tools including ways to mint, buy, and sell NFTs on Instagram. The features announced today are part of Meta's constantly changing suite of monetization tools for creators. From "Creator Incentive Programs" that reward creators for posting to Instagram, to NFT tools, to a growing creator-brand marketplace now equipped with media kits. Here's a breakdown of the various money-making tools Instagram is testing or has rolled out for creators:

Freight companies are preparing for what executives are calling a muted peak season, as dimming shipping demand from overstocked retailers ripples across U.S. shipping markets. Several big operators say they are seeing freight demand drop off rather than pick up heading into what is typically their busiest period of the year. Clothing retailer Ministry of Supply Inc. stocked up on inventory for the peak season with orders that arrived too late for last year’s winter season and items that arrived early this year. DAT Solutions LLC, a load board that matches trucks to available loads, said its index for spot market demand fell sharply from August to September, to the lowest point since February. “If you’re a carrier exposed to the spot market, you’re hurting.

☆ Claude Monet, Larry Fink, and Ted Cruz: Climate stunts grab headlines but can they get results?
▼ + stars: | 2022-10-28 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

That was an improvement over the previous year, but still not nearly enough given the threat the climate crisis presents for humanity, Hu told Insider. "I could spend 20 minutes talking about the destruction from climate change. "More people are aware of this climate crisis and that we have to do something about it because of our actions," Harris said. "Journalists don't report on the climate crisis like it is an emergency. Ridiculous stunts like the art action gets the climate crisis into the headlines and millions of people talking."

NBC News, in collaboration with the International Consortium of Investigative Journalists, The Washington Post, and Arab Reporters for Investigative Journalism, interviewed more than 40 current and former employees of contractors at military bases. According to an NBC News analysis, at least 10 companies with substantiated trafficking violations since 2007 have received billions in new government contracts. ‘Mad scramble’Foreign workers are crucial for the more than 700 military bases with U.S. service members around the world. One company that continues to get work at Middle East bases despite past violations documented in an Army compliance agreement is Tamimi, Abdulla’s employer. Lusambu Karim, a 50-year-old Ugandan, told NBC News about trafficking violations he said he encountered working for Aegis in Afghanistan from 2018 to 2020.

☆ Meta says it's planning to shrink its office space as more employees are working remotely
▼ + stars: | 2022-10-27 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

The social-media giant has embraced remote work, with top executives working from abroad. It comes as Meta, notably its top executives, shifts to remote work. "Some steps, like the ongoing rationalization of our office footprint, will lead to incremental costs in the near term," Wehner said. Wehner added that Meta projected 2023 total expenses are set to be between $96 billion and $101 billion, with $2 billion estimated to go towards consolidating the company's office footprint. Meta employees are expected to spend at least half their time in the office.

☆ Father of Harmony Montgomery, girl who disappeared in 2019, is charged with murder in her death
▼ + stars: | 2022-10-24 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

CONCORD, N.H. — The father of Harmony Montgomery, a New Hampshire girl who disappeared in 2019 at age 5 but was not reported missing until late last year, has been arrested on a charge of second-degree murder, authorities said Monday. Other counts against Adam Montgomery, 32, include falsifying physical evidence and abuse of a corpse between December 2019 and March 2020. An attorney for Adam Montgomery did not immediately comment. Police said they contacted Adam Montgomery, who had custody of Harmony, and other family members by the end of December. Bail for Kayla Montgomery was recently revoked after she didn’t show up at a hearing on charges against her, including that she lied to state health officials about having Harmony Montgomery in her care.

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