Billionaire Owner Of The Los Angeles Times Says He Will Take The Newspaper Public In The Coming Year

LOS ANGELES (AP) — Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, says he intends to take the newspaper public in the coming year. During an interview on Monday’s “The Daily Show With Jon Stewart,” Soon-Shiong said the move would allow the Times “to be democratized and allow the public…MORE

Investors Breathe Life Into New Batch Of Meme Stocks As Kohl’s And Opendoor Technologies Surge

NEW YORK (AP) — Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest meme stocks are Kohl’s and Opendoor Technologies, two companies with struggling businesses. Kohl’s shares have surged nearly 50% this week even though the company has endured weak sales and frequent leadership changes. The department store…MORE

More Americans Shift Money From Checking And Savings To Accounts With Investment Income, Study Says

WASHINGTON (AP) — New research finds that more Americans are shifting their money from checking and savings accounts into financial vehicles that pay an investment income. The trend  helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due to tariffs. The analysis by the JPMorganChase Institute…MORE

OpenAI’s Sam Altman Warns Of AI Voice Fraud Crisis In Banking

WASHINGTON (AP) — Open AI CEO Sam Altman warns of a looming fraud crisis in the financial industry due to AI’s ability to mimic voices. Speaking at a Federal Reserve conference on Tuesday, Altman criticized financial institutions still using voiceprints for authentication. He called this practice outdated, as AI can now create voice clones that…MORE

Request To Unseal Epstein Grand Jury Transcripts Likely To Disappoint, Ex-Prosecutors Say

NEW YORK (AP) — Ex-federal prosecutors say a Justice Department request to unseal grand jury transcripts in the prosecution of chronic sexual abuser Jeffrey Epstein and his former girlfriend is unlikely to produce much, if anything, to satisfy the public’s appetite for new revelations about the financier’s crimes. Attorney Sarah Krissoff, who was an assistant…MORE

Officials Say 85 Palestinians Seeking Aid Are Killed In Gaza As Israel Widens Evacuation Orders

DEIR AL-BALAH, Gaza Strip (AP) — Gaza has experienced its deadliest day in over 21 months of conflict, with at least 85 Palestinians killed while seeking aid, according to Gaza’s Health Ministry. On Sunday, Israeli forces reportedly opened fire on crowds near aid convoys, killing dozens in northern Gaza. The U.N. confirmed massive crowds gathered…MORE

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