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GameStop short sellers lost almost $1 billion in Monday's monster rally

Preview: Short-selling hedge funds suffered a mark-to-market loss of $838 million in the brick-and-mortar video game retailer.

'Wealth can be pretty isolating': Problems that rich people face, according to therapists

Preview: Can money buy happiness? Contrary to what some may think, a million-dollar paycheck does not necessarily come with a problem free pass.

OpenAI launches new AI model and desktop version of ChatGPT

Preview: OpenAI on Monday introduced a new AI model and a desktop version of ChatGPT, its popular chatbot.

Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief

Preview: Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.

AI boom to keep supply of high-end memory chips tight this year, analysts warn

Preview: SK Hynix and Micron – the world's largest memory chip suppliers – are out of high-bandwidth memory chips for 2024, while the stock for 2025 is also almost sold out.

Trump said 'This is a disaster' after hearing Stormy Daniels could go public, Michael Cohen testifies

Preview: Michael Cohen could be the pivotal witness against Donald Trump, who is the first former president to go on trial in a criminal case.

Top Republican donors fund group doxxing pro-Palestinian college students

Preview: Accuracy in Media's 2022 tax return lists donations from billionaire Jeff Yass and the family foundations of Richard Uhilien, Adam Milstein and Peter Coors.

NRF rejects Shein membership as retailer pursues U.S. IPO

Preview: If Shein gets a stamp of approval from the NRF, it could help legitimize the retailer in the eyes of lawmakers and clear its path to a U.S. IPO.

Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in

Preview: Experts are taking a new look at a retirement-planning rule of thumb for how much retirees can safely withdraw from their portfolios.

China and India still rely heavily on coal, climate targets remain 'very difficult' to achieve

Preview: China and India have not reduced coal generation for electricity, making it harder for Asia's largest carbon emitters to reach their climate targets.

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Man who crashed U-Haul near White House barriers pleads guilty

Preview: A Missouri man who crashed a rented U-Haul truck into security barriers near the White House last year has pleaded guilty to damaging government property, federal prosecutors announced Monday. Sai Varshith Kandula, 20, was driving the truck on May 22 last year when he veered onto the sidewalk before crashing into the security barriers around...

Kansas City Chiefs kicker blasts Biden, pro-choice movement in commencement speech  

Preview: Kansas City Chiefs kicker Harrison Butler waged a series of attacks against President Biden's leadership in a recent commencement speech, criticizing the president's policies on abortion, gender ideology and the COVID-19 pandemic. In a commencement speech last Saturday at Benedictine College — a Catholic liberal arts college in Kansas — Butker claimed the negative parts...

Mississippi governor signs transgender bathroom ban in public schools

Preview: Mississippi Gov. Tate Reeves (R) signed a bill into law Monday that will prohibit transgender people from using bathrooms that correspond with their gender identities in state public schools. The bill, titled the Securing Areas for Females Effectively and Responsibly Act, or "SAFER," requires all public education institutions to have single-sex restrooms, changing areas and...

DeSantis says wife has 'zero' interest in running for office

Preview: Florida Gov. Ron DeSantis (R) shot down speculation Monday that his wife, Casey DeSantis, has any interest in running for future office. During a press conference Monday, DeSantis was asked whether his wife would consider running for Florida governor in 2026 after he finishes his second term in office. He said some people have floated her as...

Iranian filmmaker flees his country after flogging, prison sentence

Preview: Award-winning Iranian director Mohammad Rasoulof has fled to Europe just days after he was sentenced to prison, lashings and confiscation of property by the Islamic Republic. “I arrived in Europe a few days ago after a long and complicated journey,” Rasoulof said in a statement dated Sunday and shared with The Associated Press. His lawyer...

Arizona Supreme Court grants stay, preventing 1864 abortion ban from taking effect 

Preview: The Arizona Supreme Court on Monday granted state Attorney General Kris Mayes' request to delay the enforcement of the state's 1864 abortion ban, preventing it from taking effect for the next several months. The state's high court granted a 90-day stay of the 1864 law on Monday, meaning the ban cannot be enforced until Aug....

Red Lobster is closing dozens of restaurants and auctioning off equipment

Preview: Red Lobster is reportedly shuttering at least 48 of its locations, and a restaurant supply liquidator is auctioning off kitchen equipment from the impacted eateries this week.

Top Biden official: Israel's 'total victory' over Hamas not 'likely or possible'   

Preview: A top Biden official said Monday the U.S. does not believe Israel’s “total victory” over the militant group Hamas is “likely or possible." Deputy Secretary of State Kurt Campbell spoke about the ongoing war between Israel and Hamas during the NATO Youth Summit in Miami just days after the Biden administration paused certain arms shipments...

What to know about the launch of GPT-4o

Preview: OpenAI on Monday launched its latest artificial intelligence (AI) model, GPT-4o, which promises improvements in its text, vision and audio capabilities. OpenAI unveiled the model during a live demonstration Monday, with Chief Technology Officer Mira Murati saying it is a “huge step forward with the ease of use” of the system. OpenAI’s newest model launched just...

Airlines sue Biden

Preview: Welcome to The Hill's Business & Economy newsletter {beacon} View Online Business & Economy Business & Economy The Big Story Airlines sue Biden over fee disclosure rule The Biden administration is facing heat from major airlines over its new rule requiring airline companies to disclose extra fees on purchases. © Greg Nash Trade group Airlines...

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'Couldn't believe it': Floridians emerge from Idalia's destruction with hopes to recover

Preview: After Hurricane Idalia made landfall on Wednesday, Florida communities are emerging to see its destruction with hopes and plans to recover.

Idalia downgraded to tropical storm after hitting Georgia, Carolinas, Florida: Updates

Preview: Downgraded to a tropical storm, what had been Hurricane Idalia powered across Georgia and the Carolinas on Wednesday evening.

Mitch McConnell to consult doctor after freezing, struggling to speak for second time this summer

Preview: The 81-year-old Republican Senate minority leader struggled to answer reporters' questions in Kentucky, requiring help and drawing questions about his health

LOOK: World record 92,003 fans watch Nebraska volleyball match at Memorial Stadium

Preview: Nebraska volleyball set a women's sports attendance record Wednesday night as 92,003 fans descended on Memorial Stadium to watch the match vs. Omaha.

At least 73 people dead after fire engulfs building occupied by the homeless in Johannesburg

Preview: At least 73 people died when a fire ripped through a multi-story building in Johannesburg overtaken by homeless people, authorities said Thursday.

Where did Idalia make landfall? Maps show damage, aftermath of storm's destructive path

Preview: As the storm moves away from the shore, it can cause an additional life-threatening hazard: inland flooding. Georgia and the Carolinas are at risk.

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A Famed Car Designer's Doomed Attempt to Challenge Tesla

Preview: Henrik Fisker’s electric-vehicle startup burned through cash and struggled to make and sell an auto.

PE Firm Everstone Capital Mulls IPO For Everlife

Preview: Singapore private-equity firm Everstone Capital is exploring an initial public offering of its Asian health services firm as plans to sell that business remain stuck.

Uber to Acquire Delivery Hero's Foodpanda Business in Taiwan

Preview: Uber will also separately purchase $300 million in newly issued ordinary shares of Delivery Hero.

Why the World Has Gone Cuckoo for Copper

Preview: The U.S. and China are competing to acquire the metal, which is essential for EVs and data centers. It is also at the center of a $39 billion takeover battle.

Walmart to Lay Off and Relocate Workers

Preview: The retailer is cutting hundreds of corporate jobs and asking some staff to move to large corporate hubs.

Bumble Is Removing Anti-Celibacy Ads Following Backlash

Preview: The company was accused online of undermining daters’ freedom of choice.

Sony to Adopt Dual-CEO Structure for Videogame Unit

Preview: The company said it would adopt a new leadership structure for its Sony Interactive Entertainment unit overseeing PlayStation, with two separate chief executives.

Melinda French Gates Is Resigning From the Gates Foundation

Preview: She said she is moving into “the next chapter” with her philanthropy and will have an additional $12.5 billion to commit to her work on behalf of women and girls.

Fisker Gets $3.5 Million in Funding From Short-Term Loan

Preview: The cash-strapped maker of electric vehicles secured about $3.5 million in additional financing via notes due next month.

Airlines Fight Back Against Fee-Disclosure Rule

Preview: The Transportation Department says its rule, requiring added disclosure of baggage and flight-change fees, helps consumers avoid overpaying for surprise charges.