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This section details the explicit formulas for higher-order terms in the perturbation expansion of the spectral projector, along with their bounds
U.S. Federal Reserve Chair Jerome Powell said Thursday at a Fed conference that longer-term interest rates are likely to be higher, The S&P 500 gained 0.41%, its fourth positive session. Japan’s Nikkei 225 dipped on data that the country’s economy shrank in the first quarter. U.S. President Donald Trump told Apple’s CEO he doesn’t want him “building in India.” China is still blocking exports of seven rare earth metals to the U.S. despite both countries’ trade deal. Russian leader Vladimir Putin and his White House counterpart Trump opted to skip Ukraine-Russia peace talks in Turkey. One European automaker is poised to benefit from the U.K.-U.S. trade deal.There’s a lightness in the air on Wall Street. Stocks have been rising throughout the week. The S&P 500 has just ended its fourth straight session in the green, giving it a 4.54% bump so far over the past four days.Tariffs are looking less thorny, for sure, as the U.S. negotiates agreements with other countries. But that’s not to say it’ll be a perfectly smooth path ahead.For instance, despite its agreement with the U.S., China is still withholding rare earth metals, crucial for important industries such as defense and energy, from being exported to the U.S.Similarly, even as India negotiates a deal with America, U.S. President Donald Trump appears to want more than just levies on U.S. imports cut. Trump told Apple CEO Tim Cook he doesn’t want the Cupertino-based company “building in India.” It’s hard to imagine India agreeing to keep Apple’s manufacturing out — or for The Big Apple to actually start producing Apple products.U.S. Federal Reserve Chair Jerome Powell seemed cognizant of such complications and warned on Thursday that “supply shocks” could be “more frequent, and potentially more persistent” in the future.The sense of buoyancy in markets, then, could be a head rush — evoked by the U.S.-China trade deal over the weekend — that could dissipate once the gravity of the economic headwinds takes over again.What you need to know todayPowell warns of potential supply shocksU.S. Federal Reserve Chair Jerome Powell said Thursday at a Fed conference that longer-term interest rates are likely to be higher, given that “inflation could be more volatile going forward” because of the possibility of “more frequent, and potentially more persistent, supply shocks” to the economy. Powell didn’t name Trump’s tariffs, but flagged risks around them at the Fed’s May meeting.S&P clocks fourth day of winsOn Thursday, the S&P 500 gained 0.41%, its fourth positive session, the Dow Jones Industrial Average rose 0.65% but the Nasdaq Composite underperformed, dropping 0.18%. Asia-Pacific markets were mixed Friday. Japan’s Nikkei 225 hovered around the flatline the country reported that its economy shrank 0.2% during the first quarter, steeper than the 0.1% expected in a Reuters poll of economists — and the first time it’s contracted in a year.‘A little problem with Tim Cook’: TrumpWhile discussing on Thursday Washington’s trade relations with India, Trump said that he doesn’t want Apple CEO Tim Cook to build factories in India. “I had a little problem with Tim Cook yesterday,” Trump said. “I said to him, ‘my friend, I treated you very good. You’re coming here with $500 billion, but now I hear you’re building all over India.’ I don’t want you building in India.”Rare earth exports from China still blockedChina has temporarily paused export restrictions targeting 28 American companies following the trade agreement reached by Beijing and the Trump administration over the weekend. But it is continuing to block exports of seven rare earth metals to the United States. Those metals are essential for the U.S.’ defense, energy and automotive industries.Putin and Trump skip peace meetingRussia leader Vladimir Putin and his White House counterpart Trump opted to skip Ukraine-Russia peace talks in Turkey. Responding to the diplomatic slight as he arrived in Ankara on Thursday to meet Turkish President Recep Tayyip Erdogan, Ukraine President Volodymyr Zelenskyy said that the delegation of lower-ranking officials that Russia had sent to Turkey showed Moscow wasn’t serious about talks.[PRO] U.K.-U.S. deal to benefit European automakerBritish businesses are still hashing out exactly what the recently-unveiled U.K.-U.S. trade deal means for them. The European Union is yet to strike its own deal. Despite this, one automaker from the bloc’s biggest economy is about to see benefits due to its U.K. presence.And finally...Kazuhiro Nogi | Afp | Getty ImagesA man walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange along a street in Tokyo on April 7, 2025. Japan assets experienced record inflows in April as investors fled U.S. markets — and analysts expect the Asian country to stay attractiveOverseas investors bought 8.21 trillion yen ($56.6 billion) worth of Japanese equities and long-term bonds in April, according to government data. The net inflows were the largest for a calendar month since Japan’s finance ministry started collecting data in 1996, according to Morningstar.Japanese assets are generally considered a haven, whose appeal rose as the “sell-U.S.” narrative gained ground in April, said Rashmi Garg, senior portfolio manager at Al Dhabi Capital.Furthermore, Trump’s policy flip-flops could sustain interest in Japanese assets “even if it is not as a strong as the April level,” said Vasu Menon, OCBC’s managing director of the investment strategy team. Japan’s ongoing talks with the U.S. with regard to tariffs have also raised some optimism over cutting the 24% “reciprocal” tariffs on Japan, Menon said.
Sarah Michelle Gellar surprises actress Ryan Kiera Armstrong with the news that she will lead the upcoming 'Buffy' reboot series.
Captain Shreve and Ruston faced off Thursday in a spring scrimmage in Shreveport.
TikTok said that the meditation feature, aimed at improving sleep quality, is triggered during “sleep hours” and will be turned on by default for users under the age of 18. The announcement comes amid public pressure and lawsuits concerning the app’s impacts on young users.Plagued with allegations and lawsuits of harming users’ mental health, especially that of children, social media sensation TikTok has decided to turn to meditation — or, rather, guide its users to the calming effects of deep breathing.TikTok said Thursday that it was launching in-app guided meditation exercises and other well-being features aimed at young users.The company, owned by Chinese tech giant ByteDance, said it began testing the new meditation exercises with select teens earlier this year and will now make them available to users of all ages.TikTok said that the meditation feature, aimed at improving sleep quality, is triggered during “sleep hours” and will be turned on by default for users under the age of 18. If these young users are on the app after 10 p.m., their “For You” feed will be interrupted by the guided meditation exercise. If a teen continues to use TikTok after the first reminder, the company will show a second full-screen meditation prompt. The meditation app was teased earlier this week along with other features, such as new educational feeds, online safety tools and enhanced parental controls over screen time. TikTok’s recent focus on promoting healthier digital habits for young users comes amid public pressure and a slew of lawsuits concerning the platform’s impact on young users. A bipartisan group of more than a dozen state attorneys general last year filed lawsuits against TikTok related to the app’s effects on young users. One such suit from Attorney General Brian Schwalb of the District of Columbia alleged that TikTok was intentionally addictive and psychologically damaging to kids, posing profound risks including depression, anxiety, sleep loss and body dysmorphia.A TikTok spokesperson previously told CNBC that the lawsuit ignored proactive measures that the platform has voluntarily implemented to support community safety and well-being.Social psychologists have also advocated banning the app, warning that TikTok and other social platforms can cause mental health issues for children, adolescents, and young adults. The social media platform briefly went offline in the U.S. in January, after the Supreme Court upheld a law to ban it unless its Chinese parent company ByteDance sold its stake in the app. However, U.S. President Donald Trump used an executive order to keep the platform running, and again delayed the enforcement of that ban last month. Its long-term status remains undecided, with ByteDance’s new deadline to divest set for mid-June.While Congress’s ban of TikTok has been focused on the app’s Chinese ownership and data and privacy concerns, governments have also begun to target TikTok and other social media over their perceived ill effect on young users. In November, Australia’s parliament passed a bill banning social media platforms from allowing users under 16 to access their services, threatening fines of up to AU$ $50 million (£22.2 million).In the U.S., TikTok says that users must be at least 13 years old to create an account, though there is a separate under-13 TikTok experience that offers additional safeguards.The Justice Department and Federal Trade Commission filed a civil lawsuit against TikTok and ByteDance in August, accusing them of collecting personal information from children under the age of 13 and having insufficient policies and processes for identifying and deleting accounts created by children.TikTok and ByteDance didn’t immediately respond to requests for comments.On Thursday, TikTok said it was also making a $2.3 million donation in ad credits to 31 mental health organizations in 22 countries around the world as part of its “Mental Health Education Fund.”
NEW YORK, May 14, 2025 /PRNewswire/ -- VARON, a trusted name in respiratory care and oxygen solutions, has launched a new customer integration initiative aimed at enhancing service and long-term support for users who purchased VARON products on Amazon. Customers...
The season finale of The Amazing Race just aired and the winner has been revealed! CBS aired a two-part finale of the long-running series with part one airing on Wednesday (May 14) and the season finale airing on a special night, Thursday (May 15). The final three teams traveled in business class seats from Portugal [...]
Kirsten Storms is recalling one General Hospital storyline that she finds questionable.
Cartier owner Richemont on Friday posted better-than-expected fiscal fourth-quarter sales as wealthy spenders shrug off macroeconomic uncertainty. Revenues at the Swiss luxury group rose 7% to 5.17 billion euros, above the 4.98 billion euros. The fourth-quarter sales bump was led by growth at the group’s Jewellery Maisons division, which includes Cartier, Van Cleef & Arpels and Buccellati. Cartier owner Richemont on Friday posted better-than-expected fiscal fourth-quarter sales, as the wealthiest spenders continued to shrug off global macroeconomic uncertainty.Revenues at the Swiss luxury group rose 7% year-on-year at constant exchange rates to 5.17 billion euros ($5.79 billion) in the three months to the end of March, above the 4.98 billion euros forecast by analysts in an LSEG poll.The fourth-quarter sales bump was led by double-digit growth at the group’s Jewellery Maisons division, which includes Cartier, Van Cleef & Arpels and Buccellati.Sales nevertheless declined within the company’s specialist watchmakers segment, which features brands Piaget and Roger Dubuis, led by weakness in the Asia-Pacific region.Full-year sales rose 4% to 21.4 billion euros, up on the previous year and just ahead of analyst expectations of 21.34 billion euros.Sales rose annually across all regions, except Asia Pacific (ex. Japan) — the company’s largest market — where declines were led by a 23% drop in China. Japan led annual sales growth, up 25% at actual exchange rates, buoyed by “strong domestic and tourist spend” and a weak Japanese Yen.“The Group’s performance was robust overall, driven by remarkable growth at our Jewellery Maisons and retail, and improved momentum at our ‘Other’ activities,” Richemont Chairman Johann Rupert said in a statement. The company’s so-called “other” segment includes its pre-owned watch retailer Watchfinder & Co.The chairman nevertheless added that ongoing global uncertainties would continue to require “strong agility and discipline.”BofA Global Research said in a note last week that Richemont faces three key global headwinds: gold prices, U.S. tariffs and foreign exchange fluctuations, by way of the strength of the Swiss Franc and the weakness of the U.S. dollar.However, the bank’s analysts added that the company’s pricing power could provide a tailwind. “We think price will cover half the headwinds,” they wrote. “Pricing, product mix and higher capacity utilization are the most obvious offsets.”Richemont had previously reported its “highest ever” quarterly sales figure in January at 6.2 billion euros, even as China demand weighed.The earnings had, at the time, been taken as a signal of a wider turnaround in the beleaguered luxury sector. However, the specter of U.S. trade tariffs and subsequent macroeconomic uncertainty have threatened to once again hit consumer confidence and discretionary spending globally.This is a developing story, please check back for updates.
Nintendo details free Switch 2 updates for 12 first-party Switch games Gematsu2025 Nintendo Switch 2 Game Release Schedule Game InformerNintendo details new features in free Switch 2 patches for Original Switch Games vooks.netNintendo Switch eShop Weekly Update Arrives with Switch 2 Pre-Orders gamingtarget.comThe Free Nintendo Switch 2 Game Updates Have Been Detailed press-start.com.au
Does food need a narrative to be truly great? The chefs do an awful lot of mythologizing this week — for better and for worse.
The family of a Lehigh Valley native who was killed in a raid at his Arkansas home last year has filed a wrongful death lawsuit.
Karsen McEwen and Ella Collins were awarded the Bright Futures and Guiding Light scholarships, providing each student with $5,000.
Bruce Springsteen delivered stinging criticism of the Trump administration at the opening show of his British tour, accusing its officials of authoritarianism, rolling back civil rights and illegal deportations.Springsteen, 75, a prominent liberal who has long supported Democratic presidential candidates including former Vice President Kamala Harris, made the remarks at a concert in Manchester, England, on Wednesday that was the first in his “Land of Hope and Dreams” tour.“The mighty E Street Band is here tonight to call upon the righteous power of art, of music, of rock ’n’ roll in dangerous times,” he said to roars from the crowd.“In my home, the America I love, the America I’ve written about, that has been a beacon of hope and liberty for 250 years, is currently in the hands of a corrupt, incompetent and treasonous administration.”Springsteen then asked supporters of democracy to “raise your voices against authoritarianism and let freedom ring!” before beginning the show.Later in the performance, he described what he saw happening in the United States under President Donald Trump.“They are persecuting people for using their right to free speech and voicing their dissent,” Springsteen said in his remarks, a transcript and video of which were later posted on his website and YouTube channel.He also accused the Trump administration of “abandoning the world’s poorest children to sickness and death” and “taking sadistic pleasure in the pain that they inflict on loyal American workers.”“They’re rolling back historic civil rights legislation that led to a more just and plural society,” Springsteen said. “They’re abandoning our great allies and siding with dictators against those struggling for their freedom.”“They’re defunding American universities that won’t bow down to their ideological demands. They’re removing residents off American streets and, without due process of law, are deporting them to foreign detention centers and prisons.”Springsteen also said most elected representatives had failed to protect Americans “from the abuses of an unfit president and a rogue government.”Still, he said, “The America that I’ve sung to you about for 50 years is real, and regardless of its faults is a great country with a great people.”“So we’ll survive this moment,” he added.The White House said in a statement that “the 77 million Americans that elected President Trump disagree with elitist and out-of-touch celebrities like Bruce Springsteen. Bruce is welcome to stay overseas while hardworking Americans enjoy a secure border and cooling inflation thanks to President Trump.”This is not the first time Springsteen has publicly criticized Trump, calling him “a flagrant toxic narcissist” before his election in 2016.Springsteen is known for albums that celebrate and critically examine American ideals, most notably his 1984 album “Born in the U.S.A.,” in which he criticized the Vietnam War and the subsequent treatment of American veterans.He is set to debut 83 previously unreleased songs in late June, 74 of which have never been heard before by the public.This story first appeared on NBCNews.com. More from NBC News:Sean ‘Diddy’ Combs trial: Cassie Ventura pressed on drug use, Kid Cudi relationship, ‘freak-off’ videosBeauty influencer Valeria Marquez shot dead during TikTok live stream in MexicoA Pennsylvania baby is the first to successfully receive personalized gene therapy
Justin Bieber’s reps have hosed down speculation that the singer was involved in any of Sean ‘Diddy’ Combs’ alleged misconduct. Bieber, 31, was at the center of unsubstantiated rumors that he may have been a victim of Diddy, 55, who is currently on trial for sex trafficking, racketeering and transportation to engage in prostitution charges. [...]
Nintendo reveals full details on its free Switch 1 to Switch 2 upgrades Nintendo Everything2025 Nintendo Switch 2 Game Release Schedule Game InformerThe Free Nintendo Switch 2 Game Updates Have Been Detailed press-start.com.auFrom Digital to Dragons: Nintendo Adds Fantasy Games for Upcoming Console The Toy BookNintendo Switch eShop Weekly Update Arrives with Switch 2 Pre-Orders gamingtarget.com
Apple is chewing its heart out with envy as it races to catch up.
Haven Studios founder Jade Raymond has left the first-party PlayStation studio while the developers rebrand their live service shooter Fairgames. Continue reading at TweakTown >
As with all aging bodies, clogged tubes form an increasing issue. So too with the 47-year old Voyager 1 spacecraft and its hydrazine thrusters. Over the decades silicon dioxide from ...read more
Every hint, nudge and outright answer you need to complete today's NYT Strands puzzle.If you're reading this, you're looking for a little help playing Strands, the New York Times' elevated word-search game.Strands requires the player to perform a twist on the classic word search. Words can be made from linked letters — up, down, left, right, or diagonal, but words ...
Everything you need to solve 'Connections' #705Connections is the one of the most popular New York Times word games that's captured the public's attention. The game is all about finding the "common threads between words." And just like Wordle, Connections resets after midnight and each new set of ...
Here are some tips and tricks to help you find the answer to "Wordle" #1427.Oh hey there! If you're here, it must be time for Wordle. As always, we're serving up our daily hints and tips to help you figure out today's answer.If you just want to be told today's word, you can jump to the bottom of this article for ...
The streaming service is called FOX One and will debut in the fall. The post Fox’s new streaming service now has a name appeared first on The Manual.
2026 Lexus RZ's Power Bump Is Coming to the U.S. but Not the Yoke MSN
World’s Smallest Knife Sharpener Doubles as a Titanium EDC Pendant You Can WearIt’s safe to say I’ve written about probably hundreds of EDC knives at this point – but hardly ever (if not never) written about an...
xAI blamed an “unauthorized modification” for a bug in its AI-powered Grok chatbot that caused Grok to repeatedly refer to “white genocide in South Africa” when invoked in certain contexts on X. On Wednesday, Grok began replying to dozens of posts on X with information about white genocide in South Africa, even in response to [...]
Estrogen-related receptors (ERRs) are critical regulators of mitochondrial function in skeletal muscle. The findings pave the way for therapies targeting metabolic disorders, mitochondrial dysfunction, and muscle decline with age.The post Estrogen-Related Receptors Boost Muscle Mitochondria in Mice appeared first on GEN - Genetic Engineering and Biotechnology News.
Ben & Jerry's co-founder Ben Cohen was arrested Wednesday at a US Senate hearing, where he interrupted Health Secretary Robert F. Kennedy Jr. to protest what's happening in Gaza. Kennedy was addressing a hearing of the health, education, labor, and pensions committee when a group of activists started heckling him,...
Once in a while, you might look up and marvel at magnificent views of our moon, its surface dramatically lit by our sun’s light. But have you ever paused to wonder what other moons might look like from the surfaces of other planets in our solar system? NASA’s Perseverance rover, which has been exploring Mars since [...]
Nintendo Expands Switch Online's N64 Library With Another Game Nintendo LifeNintendo 64 – Nintendo Switch Online adds Killer Instinct Gold GematsuA Nintendo 64 Classic Was Just Added To Nintendo Switch Online press-start.com.auKiller Instinct Gold Breaks Into N64 Library For Switch Online Expansion Pack Nintendo World ReportNintendo Switch Online Adds Beloved N64 Game From 1996 ComicBook.com
Japan team finds gene that determines calico cats' color patterns The Japan TimesDecades-long mystery of ginger cats revealed BBCMystery of Orange Cats Finally Solved—They're Mutants Scientific AmericanEight out of ten ginger cats are male. Now we finally know why The TimesWhy a Mutation in Ginger Cats Might Explain Both Color (and Chaos) Technology Networks
Officials said the person had been recently diagnosed with active pulmonary tuberculosis but may have been contagious between Sept. 3, 2024 and May 1, 2025.
A drunken driver who crashed her SUV into a birthday party at a Michigan boat club, killing two children, was sentenced Thursday to at least 25 years in prison for second-degree murder, the AP reports. Marshella Chidester sat just a few feet away as the parents of 8-year-old Alanah Phillips...
The Starlink 15-5 will be SpaceX’s 59th Falcon 9 launch of the year. Liftoff from pad 4 East at Vandneberg Space Force Base is targeted 6:43 a.m. PDT (9:43 a.m. EDT, 1343 UTC).
A roaming black hole just demolished a star and sucked it dry Boy Genius ReportNASA’s Hubble Pinpoints Roaming Massive Black Hole NASA Science (.gov)Is Earth in danger? NASA's alarming discovery of a star being consumed by a black hole spark concerns Times of IndiaNot one, but two massive black holes are eating away at this galaxy Berkeley NewsA Hidden Supermassive Black Hole Has Just Revealed Itself in Deep Space ScienceAlert
The world's largest polluters are also the safest from the environmental damage they help create -- while the countries least to blame face the greatest threats, including the increased possibility of violent conflict. These findings, from a new study co-authored by a University of Notre Dame researcher, highlight inequalities that harm the Global South.
10x co-founder and CEO Serge Saxonov, PhD, acknowledged that its R&D operation “definitely ended up being impacted in a substantial way” while sales operations were less impacted since the company reorganized its sales force last year.The post 10x Eliminates 8% of Workforce in $50M Cost-Cutting Effort appeared first on GEN - Genetic Engineering and Biotechnology News.
Five experts at Argonne National Laboratory provide decision makers with the technical and scientific knowledge they need to safeguard peace.
Argonne hosted a workshop on AI foundation models for modernizing electric grids. Experts discussed grid forecasting, resilience and privacy-preserving AI, highlighting the growing role of AI in building smarter, more efficient energy systems.
Dark Matter Could Be Evolving, And The Implications Are Profound ScienceAlertHow dark energy findings may inspire a new generation of physics nerds New Scientist
University of Idaho has been awarded a $4.5 million grant leveraging generative artificial intelligence (AI) to streamline administrative processes and drive efficiency in research management.
The largest grant in University of Idaho's history, intended to provide payment directly to Idaho producers for developing sustainable agricultural practices, was terminated this week as a result of new criteria implemented by the United States Department of Agriculture.
Norway signed the Artemis Accords May 15, a sign that the new administration continues to advance the document outlining best practices for responsible space exploration.The post Norway signs Artemis Accords appeared first on SpaceNews.
Japan Team Finds Gene Determining Calico Cat Color Patterns nippon.comDecades-long mystery of ginger cats revealed BBCMystery of Orange Cats Finally Solved—They're Mutants Scientific AmericanEight out of ten ginger cats are male. Now we finally know why The TimesOrange You Glad We Finally Figured Out Why Some Cats Are Ginger Gizmodo
Subatomic wormholes could be responsible for universal expansion The Brighter Side of NewsDark Matter Could Be Evolving, And The Implications Are Profound ScienceAlertHow dark energy findings may inspire a new generation of physics nerds New Scientist
OnQ Global, Inc. Launches Next Era of Streamlined Innovation and Service Excellence HOUSTON, May 15, 2025 /PRNewswire/ -- OnQ Global, Inc. today unveiled a major structural evolution, introducing a bold new brand identity aligned with its three specialized pillars: QHealth, QTech, and...
U.S. President Donald Trump said there’ll be no resolution of Russia’s war in Ukraine until he meets with Russian leader Vladimir Putin, as the prospects for planned peace talks in Turkey remained uncertain. “Nothing’s going to happen until Putin and...
The Pittsfield High School orchestra will present its annual spring concert on Tuesday, May 20, at Zion Lutheran Church.
VINTON - Poet Tyler Sullivan visited the Vinton Public Library on Tuesday, May 13 and presented "Iowa Scenic Views by Foot with Tyler Sullivan.”
Cobbers expected to study history and then became part of it.
Coinbase said cyber crooks stole customer information and demanded $20 million ransom payment AP NewsCoinbase says hackers bribed staff to steal customer data and are demanding $20 million ransom CNBCCoinbase's cyber attack could cost it $400 million qz.comLargest US crypto exchange says cost of recent cyber-attack could reach $400m The GuardianCoinbase stock drops after cyber criminals swipe customer data and make $20 million ransom demand Yahoo Finance
Slugs and snails can be a real nuisance in the garden, but one expert has shared a simple homemade remedy to keep the pests at bay - and it involves just one ingredient
FRAMINGHAM, Mass.--(BUSINESS WIRE)--May 15, 2025--
The iconic singer made it clear he is not a fan of Trump.
Five-star linebacker Xavier Griffin has decommitted from Southern California's 2026 recruiting class.,The Gainesville, Ga., native committed to the Tr
According to research into local food insecurity last year conducted by Huron Perth Public Health (HPPH), a family of four, on average, spent $309 per week or $1,338 monthly on groceries.
Pence said that the world needs to know that the United States “stands with Israel,” and warned that any other signal could be dangerous for the region.
Federal prosecutors in Washington, D.C., have charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds. More than $265 million in crypto was stolen from the victims, according to a superseding indictment. One of the defendants, Malone Lam, was previously charged in connection with the largest of those thefts, which netted about $245 million in crypto from a man in D.C. Federal prosecutors in Washington, D.C., charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds.More than $265 million in crypto was stolen from the victims, according to a superseding indictment obtained Thursday by CNBC.The participants, Americans and foreign nationals who allegedly became friends on online gaming platforms, are accused of spending lavishly after the thefts, including $9 million on exotic cars and $4 million on nightclubs, as well as on multiple rental properties.One of the defendants, 20-year-old Singapore native Malone Lam, was previously arrested and charged in connection with the largest of those thefts, which netted about $245 million in bitcoin from a man in D.C. in mid-August.That theft is believed to have led to the brazen kidnapping in suburban Connecticut of the parents of one of Lam’s alleged co-conspirators by a crew of thugs from Florida who prosecutors say planned to hold the parents for ransom from their newly rich son.It also allegedly enabled Lam to purchase more than 30 exotic automobiles, among them Ferraris, Lamborghinis, Mercedez G Wagons, a Rolls Royce, a McClaren, and a Pagani, the superseding indictment says. He also allegedly bought a watch for $2 million.Neither Lam’s co-defendant in the original indictment related to the $245 million heist — Jeandiel Serrano — nor the son of the people kidnapped in Connecticut is named as a defendant in the new superseding indictment.Instead, both men appear to be identified only as “co-conspirator” in that charging document.But the new indictment accuses 12 other men and Lam of charges that include RICO Conspiracy, conspiracy to commit wire fraud, conspiracy to launder monetary instruments, and obstruction of justice.Two of the men, Hamza Doost and Kunal Mehta, were arrested this week in California, according to court filings, which alleged they were involved in money laundering for the ring.Most of the other defendants are believed to have been arrested around the United States in the past several days.Mehta, a 45-year-old who lives in Irvine, California, is the oldest defendant identified by name. The other named defendants range in age from 18 to 22 years old. Two defendants are identified only by nicknames.Michael Siluk | Ucg | Universal Images Group | Getty ImagesSquishmallow’s on sale at a Fred Meyer grocery store, a sub of Kroger. The second biggest theft attributed to the ring was of $14 million in cryptocurrency from a victim.“Members and associates of the enterprise used the stolen virtual currency to purchase, among other things, nightclub services ranging up to $500,000 per evening, luxury handbags valued in the tens of thousands of dollars that were given away at nightclub parties, luxury watches valued between $100,000 and $500,000,” the U.S. Attorney’s Office in Washington said in a statement.The participants also bought “luxury clothing valued in the tens of thousands of dollars, rental homes in Los Angeles, the Hamptons, and Miami, private jet rentals, a team of private security guards, and a fleet of at least 28 exotic cars ranging in value from $100,000 to $3.8 million,” prosecutors said.The indictment says that one of the defendants, 21-year-old Joel Cortes of Laguna Niguel, California, last year helped members of the ring “in changing stolen virtual currency into fiat currency and shipping the currency across the United States, hidden in squishmallow stuffed animals, each containing approximately $25,000 apiece.”“Members of the enterprise laundered stolen cryptocurrency proceeds by moving the funds through various mixers and exchanges using ‘peel chains,’ pass-through wallets, and virtual private networks to mask their true identities,” prosecutors said.The new indictment alleges that an off-duty law enforcement officer informed one of Lam’s alleged money exchangers in September that the ring was being investigated by federal law enforcement, and that the money exchanger then advised that Serrano stay in the Maldives instead of returning to the United States. Serrano later flew to Los Angeles, where he was arrested in September.The indictment says an off-duty law enforcement officer tipped Lam on Sept. 18 that authorities were on their way to arrest Lam at his Miami rental home.Lam soon after “walked to the rear of his Miami rental home and dropped his mobile telephone off the boat dock and into Biscayne Bay to destroy incriminating evidence,” the indictment alleges.Prosecutors said that after his arrest in September, and continuing while he was being held without bail, “Lam is alleged to have continued working with members of the enterprise to pass and receive directions, collect stolen cryptocurrency, and to have enterprise members buy luxury Hermes Birkin bags and hand deliver them to his girlfriend in Miami, Florida.”Lam and another defendant, Conor Flasburg, 20, of Newport Beach, California, were identified as organizers of the alleged scheme,e Lam’s defense attorney, Scott Armstrong, told CNBC, “Mr. Lam is 20 years old and has no criminal history.”“He is unfortunately caught up in a very complicated case. We will vigorously defend him,” Armstrong said.CNBC has requested comment from Serrano’s attorney.
New Jersey Transit is urging riders to reach their destinations or risk being stranded
U.S. stocks are drifting following a jumble of mixed reports that shed little clarity on how the U.S. economy is managing through President Donald Trump’s trade war. The S&P 500 slipped 0.3% Thursday and was on track for its first...
With Dame injured, Giannis looking for a new team, and a number of key free agents, the Bucks could be a lottery team this time next year.
Image Credit: Marvel ComicsA new Hulk is rampaging in the Marvel Universe, and they’re on Team Spider-Man. The Hulk franchise has evolved over the years to include other gamma-radiated characters like Abomination, Leader, Red Hulk, She-Hulk, A-Bomb, and Brawn, but there’s always room for more Hulks. But instead of appearing in The Incredible Hulk, our new Jade Giant [...]The post Marvel’s Newest Hulk Makes a Shocking Debut (And Saves Spider-Man) appeared first on ComicBook.com.
Blake Shelton, Gwen Stefani, Gloria Estefan, Jennifer Lopez, and Janet Jackson will also take the stage on Monday, May 26
Timberwolves beat Warriors in Game 5 to reach Western Conference finals for 2nd straight year
Apple’s accessibility update redefines inclusion—shifting from accommodation to empowerment with tools like Magnifier for Mac and Live Captions on Apple Watch.
J.J. McCarthy and Jim Harbaugh will have a Michigan reunion in Week 8 in primetime when the Vikings play the Chargers.
An anonymous woman accused Diddy of sexually assaulting her at his Manhattan apartment in 2001 after multiple other meetings.The post Diddy Faces Yet Another Sexual Assault Lawsuit From Woman Who Mocked His Penis Size appeared first on HotNewHipHop.
From Minecraft to Mario Kart, plenty of NFL teams had younger fans in mind while revealing schedules in the growing tradition of videos on the social platform X.
The advisory was reissued to 'emphasize the extreme danger.'
Europe is being shaken out of its lethargy, militarily and otherwise, by Donald Trump's changes in U.S. policy. Should investors start buying?
Most devs misuse Next.js by treating it like a traditional React SPA. Stop spamming use client, ditch Axios and SWR, and embrace a server-first architecture with native fetch, server components, and form actions. Learn RSC and composable streaming to truly harness Next.js as it was meant to be used.
A quarter of U.S. adults give the nation’s physical health a failing grade, according to a new survey. A survey of 2,000 health and wellness consumers explored perspectives on the country’s overall health, finding that a similar percentage graded mental...
A Wisconsin judge accused of helping a man evade federal immigration agents has pleaded not guilty to federal charges. Milwaukee County Circuit Judge Hannah Dugan entered the plea during an arraignment Thursday in federal court. She and her lawyers left...
50 Cent has been taunting Diddy for quite a while now, and the first week of the Bad Boy founder's trial has been no exception.The post 50 Cent Trolls Diddy With Jokes About Alleged Penis Size And Death Penalty appeared first on HotNewHipHop.
A challenge-turned opportunity for the Vikings coach.
Catch up on the latest news updates and visit with baseball outfielder Kane Kepley on Thursday's Carolina Insider podcast hosted by Jones Angell and Adam Lucas.
The Commission said TikTok does not provide necessary information about the content of ads, the users targeted, and who pays for them.
Take it anywhere and charge anything you need with this powerful and portable charger that can get you topped up anywhere.
We knew the 2025 season was going to challenge the New York Giants, and it will right out of the gates against NFC East foes on the road.
The concept is the brainchild of Arnhildur Pálmadóttir and her Iceland-based design firm s.ap architects.
US President Donald Trump (pictured) reportedly slammed Apple CEO Tim Cook’s decision to significantly boost the amount of iPhones it manufactures in India as a way of avoiding tariffs on products made in China, as relations between the pair appear to be worsening.The post Trump takes aim at Apple over India iPhone plans appeared first on Mobile World Live.
As the Trump administration resumes collections on defaulted student loans, hundreds of thousands of older Americans with decades-old debts are now at risk of having their Social Security checks garnished. People with student loans had their payments and interest paused...
After being questioned by prosecutors for two days, Casandra Ventura Fine, known professionally as "Cassie," will be cross-examined by Sean "Diddy" Combs' defense team.
Getty ImageChappell Roan asked if Lorde is nonbinary, but Lorde doesn't think her answer was 'very satisfying.'
Cannes: The young director’s beautifully assured first feature sees adult siblings process the lingering scars of loss in an ever-changing Tokyo.
STOCKHOLM, SWEDEN – May 15, 2025. Karolinska Development AB (publ) (“Karolinska Development” or the “Company”) held the Annual General Meeting on May 15, 2025. The shareholders have had the right to exercise their voting rights in advance through postal voting pursuant to item 13 in the articles of association. Therefore, shareholders have had the choice to exercise their voting rights at the AGM by attending in person, by postal voting or through a proxy. The following resolutions were passed by the shareholders at the Annual General Meeting:
New Jersey rail strike could cause nightmare for commuters ... and Shakira and Beyoncé fans CNNNJ Transit strike 2025 update: Talks continue as rail engineer walkout nears ABC7 New YorkNJ Transit engineers strike looms Friday, here’s what commuters need to know New York Daily NewsNew Jersey on the brink of its biggest railroad strike in more than 40 years GothamistNJ Transit strike appears ever more likely ahead of midnight deadline: ‘It’s going to be ugly’ New York Post
When the largest state in the country with a production incentive program does anything, it’s supersized. Texas has been enticing productions to film within its borders for about a century and isn’t letting up on its commitment anytime soon. Last year, the Texas legislature approved a statewide filming grant of $200 million, up from $45 [...]
US Homebuilder Sentiment Slumps To Lowest Since 2023 Confidence among US homebuilders slumped in May to the lowest level since late 2023 as the NAHB sentiment index tumbled 6 points to 34 (well below the 40 expected)...Source: BloombergAll three components that make up the index fell, with a measure of expected sales in the next six months sliding to an 18-month low. A gauge of present sales dropped to the lowest since late 2022, while traffic of prospective buyers was the weakest in 1 1/2 years.“The spring home buying season has gotten off to a slow start as persistent elevated interest rates, policy uncertainty and building material cost factors hurt builder sentiment in May,” NAHB Chairman Buddy Hughes, a builder and developer from Lexington, North Carolina, said in a statement.Of course, we all know who is to blame for this...“Policy uncertainty stemming in large part from the stop-and-start tariff issues has hurt builder confidence but the initial trade arrangements with the United Kingdom and China are a welcome development,” said NAHB Chief Economist Robert Dietz. “Still, the overall actions on tariffs in recent weeks have had a negative impact on builders, as 78% reported difficulties pricing their homes recently due to uncertainty around material prices.”Let's not forget that new mortgage rates are still sky-high relative to 'average' existing mortgage rates and homebuilders can't afford to subsidize that difference forever...In May, 34% of builders reported cutting prices, the largest share since December 2023, NAHB said. The share of builders reporting using sales incentives was unchanged at 61%.The only thing is, homeBUYER sentiment has been in the shitter for months because of high rates and lack of affordability...Maybe, homeBUILDERS are finally waking up to reality as Upton Sinclair said: "It is difficult to get a man to understand something when his salary depends on his not understanding it." Tyler DurdenThu, 05/15/2025 - 10:45
GATINEAU, QC, May 15, 2025 /CNW/ - Digital Museums Canada (DMC) is pleased to announce an investment of over $2 million in 18 new online projects developed by museums and heritage, cultural and Indigenous organizations across Canada. DMC is managed by the Canadian Museum of History, and these projects were selected by a national advisory committee from the 2024 Call for Proposals.18 organizations have been awarded funding across the Community Stories and Digital Projects streams"This year we received over 150 proposals for inspiring online projects from every province in Canada," said Leah Resnick, Director, Digital Museums Canada. "We continue to see a record number of proposal submissions from museums, demonstrating their keen interest in digital storytelling and building their online capacity."Awarded projects This year, 18 organizations have been awarded funding across the Community Stories and Digital Projects streams. The innovative projects selected touch on a diverse range of topics, including Indigenous heritage and language revitalization, immigration, mental health and community health care, sports and the Olympics, visual art, geology, military history, and 2SLGBTQIA+ stories.Community StoriesBlack Loyalist Heritage Society (Shelburne, N.S.)Forged in Fire: The Black Loyalists, 1775–1800 Bobby Orr Hall of Fame (Parry Sound, Ont.)Sport and Anishinaabe Values: Seven Grandfather Gifts and the Seventh Generation Principle in Parry SoundBonne Bay ...Full story available on Benzinga.com
Country music star and "American Idol" judge Luke Bryan is in the Central Valley this week for multiple shows. Here is what you need to know.
Ana de Armas Speaks Out for the First Time About Tom Cruise After Numerous Sightings Together AOL.comView Full Coverage on Google News
Japanese scientists have found a way to observe clotting activity in blood as it happens, without needing invasive procedures.
Break!! is a brilliant adaptation of old-school pen and paper roleplay
The next strides for longstanding mod project NaturalVision are truly spectacular.
The Air Jordan 13 "True Red" is rumored for March 2026, but no images have surfaced yet, see how past versions set the tone.The post Air Jordan 13 “True Red” Eyes 2026 Return appeared first on HotNewHipHop.
Meghan Markle and Prince Harry reportedly hosted a dinner that included Brooklyn Beckham and his wife, Nicola Peltz -- amid rumors that each couple is separately feuding with Brooklyn's superstar parents.
On May 15, 2025, Legendary tenor Luigi Alva died at the age of 98. Alva was born in Paita, Peru, on April 10, 1927, Alva never had plans of being a singer. In an interview with OperaWire back in 2018, he said, “I wanted to be a marine. I entered navy school in Peru, but singing was always there inside me.” {...}The post Obituary: Legendary Tenor Luigi Alva Dies at 98 appeared first on OperaWire.
Kim Kardashian is leaning on loved ones after taking a stand in court.Days after the Kardashians star testified about the events of her 2016 Paris Robbery, in which a group of men stole over $10...
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