money
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FTX co-founder Sam Bankman-Fried is set to be released on a $250 million bail package. According to the Associated Press, , a New York federal judge announced the decision on Thursday, less than two weeks after the disgraced cryptocurrency executive was arrested on fraud charges in the Bahamas. As part of the bail terms, Magistrate Judge Gabriel W. Gorenstein […]
A Chick-fil-A franchise in Hendersonville, North Carolina has been fined thousands of dollars for violating child labor laws, as well as providing food vouchers in exchange for “volunteer” work. The U.S. Department of Labor issued a $6,450 fine to Good Name 22:1 LLC, owner of the location, after an investigation revealed three workers under the […]
Justin Bieber is reportedly nearing a deal to sell his entire catalog of music for $200 million, the Wall Street Journal reports. The Canadian pop star is in talks with Hipgnosis Capital to broker one of the biggest music-rights acquisitions in the company’s history. The deal would cover his full discography, which spans six albums and a number of […]
Avatar: The Way of Water earned $134 million domestically in its opening weekend, Variety reports. The long-awaited sequel to 2009’s Avatar amassed an additional $301 million internationally, bringing its overall sum to $435 million. In an interview with GQ last month, Avatar: The Way of Water director James Cameron said the sequel would need to become the “third or fourth highest-grossing film in history” […]
Boston is one step closer to potentially providing reparations for its Black community. According to the Associated Press, the Boston City Council voted unanimously to establish a small commission that will study the generational trauma caused by U.S. slavery and its role in the current racial wealth gap. The task force will also explore possible compensation for the […]
Free agent wide receiver Odell Beckham Jr. has filed a lawsuit against Nike, saying the Oregon-based conglomerate “screwed him out of millions.” OBJ released the following statement regarding the lawsuit: “Being a Nike Athlete and Brand Icon was a dream I’ve had since being a young boy. I wanted to be the next Michael Jordan, […]
Jeff Bezos, one of the wealthiest men alive, has pledged to donate most of his wealth to charity. In an interview with CNN, Bezos said that he and his partner, Lauren Sánchez, are “building the capacity to be able to give away this money.” With a net worth of $124 billion, the Amazon founder is […]
Rick Ross either wants to know if he’s a hoarder or just wants to flex. The owner of a 109-room Georgia mansion (among others) posted a handful of Instagram Stories showing a gargantuan collection of clothes, shoes, accessories, and more occupying a vast amount of floor space. He said it was one day of work, with “at least […]
Former MoviePass executives are now facing federal charges in connection with allegedly deceiving investors. Per a report from CBS News over the weekend, ex-MoviePass CEO Mitchell Lowe and Theodore Farnsworth, the former CEO of MoviePass parent company Helios and Matheson, have both been charged with securities fraud. “As alleged, the defendants deliberately and publicly engaged […]
Johnny Depp filed an appeal Wednesday over the single count of defamation ruled in favor of ex-wife Amber Heard in their court case. People reports Depp is asking the court to overturn her countersuit victory—$2 million, versus the $15 million he was awarded—because he believes he should not be held accountable for a statement made by his attorney Adam Waldman. The Daily […]
