>>Former Treasury Secretary Steven Mnuchin: Still Interested In Buying TikTok
(New York, NY) -- Steven Mnuchin says he's still interested in buying TikTok. The former Treasury Secretary under Donald Trump told Bloomberg Television he's spoken to several tech companies about how to rebuild the app. President Biden recently signed a law requiring the Chinese company ByteDance to sell TikTok or have the app banned in the U.S. Mnuchin said if he were to purchase the social media platform, it would be to "rebuild the technology under U.S. leadership. "
>>Biden Announces $3.3B For Microsoft AI Facility In WI
(Racine, WI) -- President Biden, campaigning in the battleground state of Wisconsin Wednesday, highlighted what he portrayed as his role in jump-starting a three-point-three billion dollar investment by Microsoft to build a new artificial intelligence data center in Racine. The project is expected to create more than four-thousand jobs. The data center will be built on the same land where electronics manufacturer Foxconn had planned to build a ten-billion dollar factory during the Trump administration, which ultimately never materialized. Biden took a shot at the former president over the failure, claiming that "Foxconn turned out to be just that: A con."
>> FTX: Most Creditors Can Be Paid Back In Full
(New York, NY) -- FTX says it has enough to pay most of its creditors back in full after its collapse. The failed cryptocurrency exchange said in a statement that its plan would resolve disputes with private and governmental stakeholders "without costly and protracted litigation." The Sam Bankman-Fried led exchange collapsed in 2022, leaving the CEO to later be found guilty of fraud and conspiracy, and sentenced to 25 years in prison. FTX said it recovered assets associated with the crypto exchange at the time of its collapse, estimated between 14-point-five and 16-point-three billion dollars.
>>GM Ends Production Of Malibu Sedan Later This Year
(Detroit, MI) -- General Motors will end production of the Chevrolet Malibu sedan in November. The vehicle is built at the company's Fairfax Assembly Plant in Kansas City, Kansas along with the Cadillac XT4 compact SUV. The automaker will move production of the Chevrolet Bolt to the plant and will continue to make the XT4 on the same assembly line. The current Malibu is the ninth generation of the model since it was brought back in 1997 and GM has sold ten-million Malibu's globally.
>>U.S. Offers $10M Reward For Russian Ransomware Hacker
(Washington, DC) -- U.S. officials are offering a ten-million-dollar reward for a Russian hacker who ran the world's largest ransomware scheme. The Department of State said this week that a manhunt is underway for 31-year-old Dmitry Khoroshev, whose whereabouts are unknown. A federal indictment says Khoroshev was the leader of a mercenary ransomware group called Lockbit, that tried to extort millions from major targets including Boeing and the British Royal Mail. The indictment says Khoroshev developed ransomware that allowed criminals to steal a victim's data and hold it under threat of publishing if the victim didn't pay.
>>Warner Brothers Discovery Making Job Cuts
(New York, NY) -- Warner Brothers Discovery is looking to make job cuts. According to Bloomberg, WBD is considering cutting its budgets on streaming by hundreds of millions of dollars. The company owns a number of media properties including CNN, Max, and TNT.
>>More Millionaires In NYC Than Anywhere Else On Earth
(New York, NY) -- New York is home to more millionaires than any other city in the world. A global ranking from Henley & Partners finds 350-thousand New Yorkers have a net worth of one million dollars or more. That's up 48-percent from a similar report done in 2013. Northern California's Bay Area came in second. Los Angeles was the only other U.S. city to make the top ten, coming in 6th.
