The FBI is probing whether foreign governments, groups or individuals funded Capitol rioters using Bitcoin, says report

Summary List Placement The FBI is investigating whether foreign governments, individuals or organizations provided funding for hardline Trump supporters who planned the protests that sparked the attack the US Capitol on January 6, NBC News reports.  A current official at the bureau and a former official told the outlet that it is probing a $500,000 Bitcoin payment apparently by a French national ahead of the riots to key far-right figures and groups in the US.  In a blog posting last week Chainanalysis, a company that specializes in tracking Bitcoin payments, documented how the money was paid on December 8 to a number of US far-right individuals and organizations. “We have… Read More

Continue Reading

CEO Pat Gelsinger is the latest in an executive exodus from VMware and some analysts are ‘not confident’ in the firm’s future: ‘There may be trouble brewing beneath the surface’ (VMW)

Summary List Placement Wednesday’s announcement that VMware CEO Pat Gelsinger’s is departing for Intel in February is a big loss for the company, analysts say. And it’s not only Gelsinger: In June, VMware lost its SVP of worldwide customer services, Jim Delia, to ServiceNow, followed in July by chief customer officer Scott Bajtos fleeing for FinancialForce. In December, COO Rajiv Ramaswami resigned and joined Nutanix as CEO. (In late December, VMware actually sued Ramaswami, accusing him of breaching his legal and contractual duties to the company by taking “secretly meeting” with Nutanix for two months.) Most recently, cloud management general manager Ajay Singh departed to become chief product officer at… Read More

Continue Reading

The maker of this $220,000 camper van says interest tripled during the pandemic and its waiting list now stretches into 2022

ally Summary List Placement Boulder Campervans, a company that recently skyrocketed in popularity nationwide, unveiled its latest $220,000 tiny home on wheels for a full-time #VanLife couple on January 1. Van life undoubtedly boomed in popularity during the COVID-19 pandemic by becoming an alternative travel option as international trips and cruises started seeming less safe. While many customers now want camper vans for weekend warrior excursions in warmer weather, “Lucy” the van was built out for a couple that decided to live in the van full-time in Alaska. In total, this new four-seasons capable tiny home on wheels took three months to create. Despite the daily disruptions of COVID-19, this… Read More

Continue Reading

Inside the world of a haute couture collector who has bought dresses that cost more than the average US home

Summary List Placement One day, Christine Chiu was speaking to a friend, telling her how much she loved an outfit she’d seen during a fashion show. It was a piece of haute couture, of course. Each one of those is unique, one-of-a-kind, and therefore can only be sold once. It’s also usually quite expensive. Chiu had to get her hands on it. “I discovered later that [my friend] had changed her appointment time with the fashion house ahead of mine so that she could purchase it first,” Chiu told Insider. “I learned quickly that all is fair in love and couture.” Not every company can say it makes haute couture.… Read More

Continue Reading

The world’s youngest self-made billionaire hopes to power every future self-driving car with a technology that Elon Musk says is ‘doomed’

Summary List Placement On December 3, pink confetti rained down upon yet another tech entrepreneur. Decked out in his own interpretation of CEO casual — a navy zip-up jacket over a button-down, dark jeans, and matching sneakers — the 6-foot-plus Austin Russell towered over the Nasdaq platform in Times Square, clapping and nodding as he rang the opening bell. He was on the mostly empty trading floor for the virtual IPO ceremony for Luminar, the self-driving-car tech startup that Russell founded at 17, eight years ago. Self-studying and tinkering as a teen put Russell, now 25, on the path to dominate autonomous cars, thanks to breakthroughs he made with lidar… Read More

Continue Reading

Apple, Google, and Spotify are still hosting podcasts by pro-Trump conspiracists and extremists

Summary List Placement Conspiracy theorists and pro-Trump extremists are using podcasts hosted on mainstream tech platforms to push misinformation, despite a widespread crackdown on individual social media accounts that push these ideas. The AP first reported that podcasts on Apple, Spotify, and Google were peddling claims that the US election was rigged, and that the January 6 US Capitol riots were staged, among other claims. Insider likewise found podcasts easily available on all three platforms that claimed President-elect Joe Biden’s win was “a fraud.” The podcast “Red Pill News”, hosted by a user called RedPill78, described the US Capitol riots as “a staged event” in an episode aired January 11.… Read More

Continue Reading

The pandemic devastated airlines in 2020 and forced many out of business — here’s the most notable that didn’t make it to 2021

Summary List Placement Each year sees a small number of airlines close up shop for any number of reasons, but last year had the pandemic to speed some along.  A surprise announcement in February that the promising Qatar Airways-backed Air Italy would be liquidated set the stage for a year of losses even before lockdowns grounded the world’s airlines. And while the coronavirus was well-known by then, its destructive power in the airline industry was still yet to be realized.  In the US, all 11 major airlines remained intact but smaller regional carriers folded amid an unprecedented drop in passengers that remains low even into the new year. Three carriers… Read More

Continue Reading

Cryptocurrencies and SPACs show signs of ‘irrational exuberance,’ but the stock market is not in a bubble, says UBS

Summary List Placement UBS’s Mark Haefele said in a Friday note that while cryptocurrencies and SPACs show signs of “irrational exuberance,” investors shouldn’t worry that the whole stock market is in a bubble.  Within the IPO and SPAC market and cryptocurrencies, prices are discounting future rapid price appreciation, a factor that’s typically present during market bubbles, said Haefele. But large parts of the stock market are not expensively valued by historical comparison, the chief investment officer of global wealth management said.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell.  While many parts of the market are showing signs of  “irrational exuberance” that should alarm some… Read More

Continue Reading

After wasting $500 on my home warranty, I’m taking 2 steps to pay for repairs without going into debt

Summary List Placement When my husband and I bought our first home, the sellers gave us a home warranty. We were told the warranty would cover repairs and replacements for many things, including our furnace, A/C, and appliances. But any time we tried to use the warranty, the company ultimately didn’t do the work. Now, we have a home-repair savings account that we can dip into any time repairs are needed. Sign up to get Personal Finance Insider’s newsletter in your inbox » I think I have a little PTSD when it comes to warranties. Whenever I buy something and hear the word “warranty,” I cringe a little and think… Read More

Continue Reading

One measure of unemployment suggests Biden’s $1.9 trillion stimulus plan could do more harm than good, says one top Wall Street strategist

Summary List Placement The US economy is receiving fresh fiscal support after months of plodding negotiations. But one measure of the labor market suggests the massive stimulus is unnecessary and potentially harmful to future growth, according to James Paulsen, chief investment strategist at The Leuthold Group. The country is already reaping the benefits of the $900 billion stimulus package signed by President Donald Trump on December 27. President-elect Joe Biden rolled out a $1.9 trillion relief proposal on Thursday that aims to further boost the economy through 2021. Democrats’ soft majority in the Senate drastically raises the odds of Biden’s plan becoming law. The relief packages meet calls from economists… Read More

Continue Reading