North Carolina man Michael Smith made $10 million by using AI and fake accounts to flood music streaming services with artificial songs, leading to charges of wire fraud and money laundering.
Legal & Regulatory
Global Central Banks Set to Lower Interest Rates: How Could This Impact Your Loans and Savings?
Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.
Stock Markets Brace for Impact of Fed's Decision as Investors Worry About Rate Changes
US stock markets started quietly on Monday as investors awaited the Federal Reserve's rate decision on September 17-18, with expectations for a rate cut influencing market movements.
Gold Mining Plan in Colorado Leaves Residents in Fear Due to Increased Pollution Risks
CJK Milling plans to extract more gold from old mining waste in Leadville, Colorado, but residents worry that it could worsen pollution and undo years of cleanup efforts.
US Plans to Shut Down Hong Kong Trade Offices, Prompting a Possible China Retaliation
A proposed U.S. bill, HKETO, could lead to the shutdown of Hong Kong's trade offices if they are deemed too influenced by China, drawing strong objections from Beijing.
Latest News
The hacker who stole $234 million from WazirX has started laundering the funds as efforts to recover them face challenges, further frustrating users.
California Governor Gavin Newsom has called a special session to address the state's rising gas prices, which average $4.64 per gallon, nearly 40% above the national average.
Elon Musk's X is likely to be blocked in Brazil after missing a deadline to appoint a new legal representative, escalating a dispute with local authorities over compliance with regulations.
Following CEO Pavel Durov's detention in France over accusations of inadequate moderation, reports from BBC showed that Telegram has refused to join key child protection programs.
Australia's new "right to disconnect" law allows employees to ignore work communications outside office hours without repercussions, aiming to enhance work-life balance.
The Dutch Data Protection Authority has fined Uber $324 million for transferring European drivers' data to U.S. servers, violating EU data protection rules.
Telegram CEO Pavel Durov was arrested in France for allegedly failing to moderate criminal activity on his platform.
Kamala Harris has proposed raising the corporate tax rate from 21% to 28% to reduce the national debt and support working families if she wins the November election.
California Governor Gavin Newsom has signed 10 new laws to combat organized retail crime, focusing on shoplifting, vehicle theft, and the resale of stolen goods online, with increased penalties for middlemen and stricter regulations for online sellers.
