NEW YORK (AP) — Onetime cryptocurrency mogul Do Kwon was sentenced Thursday to 15 years in prison after a $40 billion crash revealed his crypto ecosystem to be a fraud. Victims said the 34-year-old financial technology whiz weaponized their trust to convince them that the investment — ...
Disney is investing $1 billion in OpenAI and will bring characters such as Mickey Mouse, Cinderella and Luke Skywalker to the AI company's Sora video generation tool, in a licensing deal that the two companies announced on Thursday. At the same time, Disney went after Google, demanding the ...
The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. The uptick brings the average long-term mortgage rate to 6.22% from 6.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged ...
The U.S. Department of Transportation has issued new guidance telling airlines they do not have to cover passenger expenses, such as meals or hotel stays, when flight cancellations or long delays are caused by aircraft recalls. The guidance, released on Wednesday, comes after widespread ...
A federal judge in Massachusetts on Thursday ordered the Trump administration to restore billions of dollars in canceled FEMA disaster mitigation funding, siding with 22 states and the District of Columbia that sued over the canceled grants this summer. President Donald Trump's administration ...
The head of the Federal Aviation Administration has not sold off his multimillion-dollar stake in the airline he led since 1999 despite a promise to do so as part of his ethics agreement, according to a Democratic senator. In a letter to Bryan Bedford this week, Sen. Maria Cantwell said he ...
