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News & Articles By Cassie B.
05/21/2025
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By Cassie B.
SEC charges Unicoin and top executives in massive $100M crypto securities fraud
The SEC charged Unicoin and three executives with a $100M fraud, alleging false claims about real estate-backed tokens and inflated financial projections. Regulators say Unicoin misled investors by exaggerating asset values and falsely advertising SEC registration. CEO Alex Konanykhin rejected a settlement, vowing to fight the SEC’s allegations and claiming the investigation caused “multi-billion-dollar damages” […]
05/16/2025
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By Cassie B.
Coinbase stock drops 7% as SEC probes user metrics and hackers demand $20M ransom
Coinbase stock dropped 7% after-hours due to a major data breach and an ongoing SEC investigation into misleading user metrics claims. The SEC is probing Coinbase’s past claim of “100+ million verified users,” questioning its accuracy and impact on investors. A cyberattack exposed customer data after hackers bribed overseas support agents, leading to potential $400M […]
05/16/2025
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By Cassie B.
Coinbase faces $400M fallout after insider-led phishing attack exposes customer data
Coinbase suffered a major phishing attack involving bribed overseas contractors who stole sensitive user data, including personal details and transaction histories, though no funds were compromised. The attackers demanded a $20 million ransom, but Coinbase refused and instead offered a $20 million bounty for their capture, leading to potential costs of up to $400 million. […]
05/15/2025
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By Cassie B.
Kraft Heinz pours $3 billion into U.S. factories as Trump tariffs reshape manufacturing
Kraft Heinz is investing $3 billion to upgrade U.S. factories, its largest domestic spending in a decade, creating 3,500 construction jobs amid Trump’s tariff-driven push for American manufacturing. The company aims to boost efficiency and innovation while navigating economic challenges, including weakened consumer demand and rising costs from tariffs on imports like coffee. Kraft Heinz’s […]
05/14/2025
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By Cassie B.
Inflation slows to 2.3%, marking lowest rate since 2021 as Trump policies reverse Biden-era price surges
The U.S. inflation rate dropped to 2.3% in April, the lowest since early 2021, offering some relief after years of high prices under the Biden administration. Core inflation held steady at 2.8%, while food and used vehicle prices declined, though shelter costs remained stubbornly high. President Trump’s trade policies and fiscal discipline are credited with […]
05/14/2025
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By Cassie B.
American manufacturing surges as Carrier pledges $1 billion investment, joining Apple and Toyota in reshoring wave
Carrier Global Corporation announces a $1 billion investment in U.S. manufacturing, creating 4,000 high-skilled jobs and expanding facilities for heat pumps, battery systems, and data center cooling. The investment includes Carrier’s TechVantage initiative, which will hire 1,000 service technicians and train over 100,000 professionals in climate solutions over five years. President Trump’s economic policies have […]
05/14/2025
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By Cassie B.
Trump secures historic $600 billion Saudi investment, expects 2 million U.S. jobs
President Trump secured a historic $600 billion investment deal with Saudi Arabia, the largest-ever Saudi commitment to the U.S. economy, expected to create up to two million American jobs. The agreement spans defense, energy, technology, and infrastructure, with major U.S. firms like Google, Oracle, and Boeing securing lucrative contracts. A record-breaking $142 billion defense package […]
05/14/2025
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By Cassie B.
Trump lifts Syria sanctions in major policy shift, paving way for reconstruction
President Trump announced the lifting of all U.S. sanctions on Syria to revive its economy and normalize relations after years of isolation, a move influenced by Saudi Arabia and Turkey. Trump framed the decision as a chance for Syria to rebuild, calling it “their time to shine,” while Syria’s interim government welcomed it as a […]
05/13/2025
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By Cassie B.
Trump eyes $1 trillion Saudi investments as Gaza war stalls Israel deal
President Trump is visiting Saudi Arabia to secure $1 trillion in investments, focusing on defense, AI, and infrastructure deals amid stalled Saudi-Israel normalization talks due to the Gaza war. The trip prioritizes economic gains over diplomacy, with Saudi Arabia expected to announce major U.S. investments, reversing prior Biden-era restrictions on arms sales and tech partnerships. […]
05/12/2025
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By Cassie B.
America’s power grid is on the brink: PJM warns of summer blackouts as green energy fails and demand soars
PJM Interconnection warns of potential power shortages this summer due to extreme heat, retiring fossil fuel plants, and slow renewable energy growth, risking blackouts across 13 states. The grid operator admits available power may fall short of demand if temperatures exceed 90 degrees, forcing emergency measures to prevent collapse. Spain’s 2025 blackout serves as a […]
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