August 2024 - Page 28 of 93

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2024

Former cryptocurrency lobbyist charged with campaign finance violations amid FTX scandal

On August 22, 2024, federal authorities in New York charged Michelle Bond, a prominent former cryptocurrency lobbyist, with campaign finance violations. These charges are part of a broader investigation stemming from the infamous collapse of cryptocurrency exchange FTX. The allegations center on a 2022 incident in which Bond, in an attempt to secure a congressional seat on Long Island as a Republican, allegedly received an illicit $400,000 payment. The transaction was allegedly facilitated by Ryan Salame, a high-ranking FTX official and Bond associate who previously pleaded guilty to related charges last year and received a seven-and-a-half-year prison sentence. The lawsuit…

Aug

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2024

By Lily Chang

Jennifer Lopez wants her maiden name back after divorcing Ben Affleck

Culture and Entertainment

Under the professional name "Jennifer Affleck," Jennifer Lopez has found little traction. Recent divorce court documents, reviewed by CNN, indicate that the artist wants to return to her maiden name, "Jennifer Lynn Lopez." Lopez filed for divorce from Ben Affleck around the second year of their marriage, which took place in Riceboro, Georgia, in 2022. Notably, she marked April 26, 2024 as the official date of their separation, which puts the length of their marriage at nearly two years. The couple had reportedly been living on opposite coasts all summer, an event that took place alone in late July, when…

Aug

24

2024

By Lily Chang

Nvidia in the spotlight in the last week of a volatile August

Social Responsibility

As we bid farewell to another tumultuous month in the financial markets, Nvidia stands out as a beacon of interest for investors and market analysts. The technology sector, known for its rapid growth and equally rapid fluctuations, has seen its fair share of ups and downs this August. In this context, Nvidia’s performance in the coming week is highly anticipated, potentially offering insights into broader market trends and the health of the sector. Why Nvidia? Nvidia, a leader in graphics processing units (GPUs) and artificial intelligence (AI) technologies, often serves as a barometer for the technology industry. The company’s innovative…

Aug

24

2024

By Lily Chang

Speculation grows about a possible half-point rate cut by the Fed in September

Investments and Business

In recent weeks, financial markets have been abuzz with speculation about the Federal Reserve's next move. One particularly intriguing possibility is emerging: a significant half-point rate cut in September. This potential move is fueling discussions among investors, economists, and policymakers as they ponder the implications for the economy, the stock market, and interest rates. Why a half point cut? The Fed's consideration of a half-point cut is largely driven by a mix of economic signals and external pressures. Recent data indicating slowing inflation, combined with concerns about economic growth and global market stability, could prompt the Fed to consider more…