Three of Jeffrey Epstein’s victims in his sex-trafficking ring penned emotional letters begging JPMorgan Chase executives to admit they knew about the sexual abuse as the banking giant faces two lawsuits alleging it benefitted financially from Epstein’s operation. When JPMorgan Chase CEO Jamie Dimon was questioned under oath last week about the nearly 15 years … Read more
A summer internship at Citadel offers perks that include a salary of up to $5,000 a week, free corporate housing in one of 10 different world financial centers like New York and an opening retreat at a Four Seasons in South Florida, according to a report. Billionaire Ken Griffin’s hedge fund, which has some $58 … Read more
The Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest US cryptocurrency exchange of operating illegally because it failed to first register with the regulator. The lawsuit is the SEC’s second in two days against a major crypto exchange, following its case against Binance, the world’s largest cryptocurrency exchange, and founder Changpeng Zhao. Both civil … Read more
Bud Light’s steep sales drops are showing signs of bottoming out — but the struggling beer brand is still on track to losing its No. 1 status in the US following its disastrous marketing tie-up with Dylan Mulvaney. Sales of Bud Light plunged 23.9% for the week ended May 27 — slightly better than the … Read more
CNN’s public relations operation reportedly will no longer report to CEO Chris Licht — a sign that his position has become more tenuous in the wake of a disastrous magazine profile that depicted him as a thin-skinned, aloof executive who is isolated from employees who no longer trust his leadership. The PR team at CNN … Read more
CNN media reporter Oliver Darcy gave voice to a chorus of insiders furious at boss Chris Licht, saying he “has lost the room” despite his apology in the wake of a scathing article about the network’s meltdown. Darcy wrote in Monday’s edition of his “Reliable Sources” newsletter that last week’s damaging exposé in The Atlantic … Read more
Microsoft will pay $20 million to settle charges from the US Federal Trade Commission that it illegally collected personal information from children without a guardian’s consent. The tech giant has been charged with violating the Children’s Online Privacy Protection Act (COPPA), a federal law that requires online services and websites that cater to children under … Read more
One of the most notable happenings at Apple’s event for developers on Monday is likely the iPhone maker’s tweak that will keep its autocorrect feature from annoyingly correcting one of the most common expletives to “ducking.” “In those moments where you just want to type a ducking word, well, the keyboard will learn it, too,” said Craig … Read more
OpenAI boss Sam Altman is a self-admitted doomsday prepper who once bragged about his stash of guns, gold and other survival goods — long before he and other experts warned AI posed a “risk of extinction” to humanity on par with nuclear weapons and pandemics. In 2016, a profile of Altman in the New Yorker … Read more
Elon Musk, OpenAI CEO Sam Altman and other tech bigwigs are right to publicly raise alarms about possible doomsday scenarios involving advanced artificial intelligence – even though the technology is currently “not an existential threat” to humanity, billionaire Mark Cuban told The Post. The “Shark TanK” host rejected the idea that Musk, Altman and others … Read more