New York Attorney General Letitia James says Trump submitted a inflated valuation of his Trump Tower apartment. James’ office alleges that Trump valued the unit at $327 million based on a 30,000 square foot size. However, the apartment only occupies a 10,996.39 square foot space, a third of what Trump claims. Loading Something is loading.…
US stocks tumble, with Dow falling 439 points as surging bond yields batter big tech shares
Us stocks slipped on Tuesday as Treasury yields surged to two-year highs. The 10-year Treasury yield rose to 1.818% to its highest level since January 2020, up from Friday’s 1.771%. All indexes, dragged by mega-cap tech giants from Meta to Tesla, were in the red. Sign up here for our daily newsletter, 10 Things Before the…
Visa’s new cloud-based payment solution opens up a slew of acceptance opportunities
Visa introduces a cloud-based platform that will expand on Tap to Phone, its mobile point-of-sale product. The new payment solution could drive volume among fintechs looking to enable new methods of purchase—like through digital advertising displays or unattended kiosks. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn…
Giant pristine coral reef discovered off Tahiti
By Victoria GillScience correspondent, BBC NewsMedia caption, Watch: Divers go underwater to explore the “pristine” reefMarine explorers have discovered a “pristine” 3km (2-mile) coral reef at depths of 30m (100ft) off the coast of Tahiti, French Polynesia. It is one of the largest discovered at that depth, says the United Nations Educational, Scientific and Cultural…
Tonga: First foreign aid plane from New Zealand arrives
Image source, NZ DEFENCE FORCEImage caption, A New Zealand Hercules aircraft carrying emergency supplies left Auckland this morningThe first foreign aid planes have arrived in Tonga, bearing much-needed supplies for the Pacific nation which was left devastated by a volcanic eruption and subsequent tsunami on Saturday.New Zealand said its military plane landed at Tonga’s main…
Boris Johnson’s future: Tory MPs stepping back from challenge
Boris Johnson’s allies say he has seen off a plot to remove him for now but his future could depend on the outcome of Sue Gray’s report on No 10 parties.The senior civil servant is set to publish her findings on Covid-rule breaking in Downing Street next week.Mr Johnson urged MPs to wait for the…
Meta might let companies sponsor the appearance of objects in the metaverse, patent filing suggests
The Financial Times reviewed hundreds of patents submitted by Meta relating to the metaverse. Some patents referred to a virtual store where brands could sponsor the appearance of objects. Meta executive Nick Clegg said ads will play a role in the metaverse. Loading Something is loading. Meta’s plans for how it might commercialize the metaverse…
A Silicon Valley city will use lasers and a boombox to try and scare away crows after other methods failed
Sunnyvale, CA plans to use lasers to scare away crows that have been hanging out in its downtown. The city has tried other dispersal strategies in the past, all of which failed. City officials and residents said crow droppings have become a nuisance for local businesses. Loading Something is loading. Sunnyvale, CA plans to use…
The majority of PPP loans went to business owners and high-earning households, a new study shows
$510 billion in loans were extended by the Payroll Protection Program in 2020. Business owners and stakeholders were the main beneficiaries of these loans, according to a new study. As a result, only 2% of those loans flowed to low-earning households, economists concluded. Loading Something is loading. The Payroll Protection Program was launched in April…
Ukraine: Blinken arrives in Kyiv amid Russia invasion fears
Image source, Belarus defence ministryImage caption, Belarus’s defence ministry released photos showing Russian troops and tanks arriving for drillsUS Secretary of State Antony Blinken has said Russia could attack Ukraine “on very short notice” and warned again of tough sanctions if it did.He was speaking on a visit to the Ukrainian capital Kyiv after months…