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Explainer Yevgeny Prigozhin: The former hot dog seller and thug who became Wagner boss at centre of mutiny Jailed for nine years in his youth, Prigozhin exploited the post-Soviet era to create a catering empire that would gain him access to the Kremlin and a friendship with Putin. Now he faces the president's wrath after staging a mutiny with his Wagner...

WEF Calls for 75% Reduction in Private Car Ownership Frank BergmanJune 17, 2023 - 12:57 pm8 Comments The World Economic Forum (WEF) is calling on global governments to agree to new green agenda goals that will significantly reduce the number of cars that are privately owned by the public. The WEF is pushing for a staggering 75 percent reduction in the private...

Senate Report: Hunter Biden Received $5.1 Million Days after Threatening Chinese Associate with ‘My Father’ Frank BergmanJune 24, 2023 - 9:30 am2 Comments Democrat President Joe Biden’s son Hunter received over $5 million in two payments from a Chinese Communist Party-linked energy company just days after he sent a threatening text message demanding payment from an associate in China. As Slay News...

Sweden Dumps Climate Agenda, Scraps Green Energy Targets Frank BergmanJune 24, 2023 - 12:57 pm1 Comment Sweden has just dealt a severe blow to the globalist climate agenda by scraping its green energy targets. In a statement announcing the new policy in the Swedish Parliament, Finance Minister Elisabeth Svantesson warned that the Scandinavian nation needs “a stable energy system.” Svantesson asserted that wind...

Modulr Expands Embedded Payments Offerings to France and Spain BY PYMNTS | JUNE 21, 2023 | Modulr has reportedly expanded its embedded payments offerings to France and Spain. With this expansion and a layer of localization, French and Spanish firms can use Modulr’s embedded payments offerings to boost their competitiveness both within their country and across...

CarMax Results Show Car Affordability Still an Issue Amid Higher Rates BY PYMNTS | JUNE 23, 2023 | CarMax The used vehicle market might be seeing improvement, but affordability remains elusive. CarMax posted first-quarter earnings results for fiscal year 2024 Friday (June 23) that showed a slowing sales decline. Retail prices are down from a year ago,...

H-E-B Joins Grocers Bringing Delivery In-House to Boost eCommerce Margins BY PYMNTS | JUNE 23, 2023 | HEB Retail Store This week in grocery, H-E-B expands its direct delivery capabilities, Albertsons looks to win in retail media, and grocers in the United Kingdom see inflation three times larger than in the United States. Texan grocer H-E-B, which...

Report: JPMorgan Expects Cybersecurity Industry to Benefit from Generative AI BY PYMNTS | JUNE 23, 2023 | J.P. Morgan reportedly expects cybersecurity spending to remain stronger than that of other IT sectors. While interest rates and macro uncertainty are limiting the multiples of stocks in the security sector, those multiples have improved more than those of...

Supreme Court Says Customer’s Lawsuit Against Coinbase Must Pause BY PYMNTS | JUNE 23, 2023 | Supreme Court The U.S. Supreme Court has ruled that a lawsuit against Coinbase must pause while the company tries to take the matter to arbitration. A case brought by a customer against Coinbase was paused by the decision while the cryptocurrency...

Biden and Indian Prime Minister Meet With Tech Executives BY PYMNTS | JUNE 23, 2023 | Technology was highlighted during Indian Prime Minister Narendra Modi’s meetings at the White House. Among those who met with Modi and President Joe Biden Friday (June 23) were Tim Cook of Apple, Sundar Pichai of Google, Satya Nadella of Microsoft,...

Bitcoin Price Surges as JPMorgan and Others Launch Crypto Projects BY PYMNTS | JUNE 23, 2023 | Bitcoin reached its highest level since June 2022 on Friday (June 23). The cryptocurrency’s value went as high as $31,410 before edging lower later in the day, Bloomberg reported Friday. With that gain, bitcoin topped its previous peak for 2023...

US Bank Deposits Rise, Signaling Easing of Pressure from Withdrawals BY PYMNTS | JUNE 23, 2023 | Deposits at U.S. banks rose last week but remain below where they were in March. The deposits rose to $17.22 trillion in the week ended June 14, up from $17.20 trillion a week earlier, the Federal Reserve reported Friday...

Report: FTX Sues Investment Firm K5 Global to Claw Back $700 Million BY PYMNTS | JUNE 23, 2023 | FTX has reportedly sued investment firm K5 Global and its co-founder Michael Kives. The move is part of the bankrupt company’s efforts to recover assets that former FTX CEO Sam Bankman-Fried spent, Reuters reported Friday (June 23). Bankman-Fried...

Report: Tech Giants Were Among Uninsured Depositors Covered by FDIC BY PYMNTS | JUNE 23, 2023 | The Federal Deposit Insurance Corporation’s guarantee of uninsured accounts at Silicon Valley Bank reportedly included companies that would have been in no real danger. While President Joe Biden and Treasury Secretary Janet Yellen described the FDIC’s move as an...