David Pogue claimed that the submersible, called Titan, is 'constantly plagued by mechanical problems'

Tristan Tate, who is currently under house arrest in Romania, received flak for praising Italian Prime Minister Giorgia Meloni

SAN FRANCISCO--(BUSINESS WIRE)--Aug 24, 2023--

Some 3.6 million salaried workers would newly qualify for overtime pay under a proposed rule unveiled by the US Department of Labor on Wednesday. It would guarantee overtime pay of at least time-and-a-half for most salaried workers earning less than $1,059 a week, or about $55,000 a year.

IShowSpeed pulled a fake pregnancy prank on his father, which turned out to be quite weird

A judge has rejected an attempt by former President Donald Trump to keep a Georgia district attorney from prosecuting him and from using certain evidence gathered in her investigation into potential illegal meddling in the 2020 election in the state

Asian benchmarks are trading mostly higher after the United States House approved a debt ceiling and budget cuts package, avoiding a default crisis

Mike Pence says Donald Trump and Ron DeSantis do not grasp the broader implications of their call for limited military assistance to Ukraine

Far-right members of Congress are blocking legislation in the House of Representatives in retaliation after the passage of a bipartisan agreement to lift the debt ceiling. The rebellion began earlier this week, when members of the conservative House Freedom Caucus voted against a rule to advance a bill that would prevent government action on gas stoves. Every Democrat voted against the bill, along with 12 Republicans, making it the first time a rule to pass a piece of legislation had failed to pass on the House floor since 2002. Many of the Republicans who opposed the rule also opposed the agreement to lift the debt limit, such as Reps Matt Gaetz (R-FL), Dan Bishop (R-NC), Chip Roy (R-TX) and Lauren Boebert (R-CO). Mr Gaetz said the blockade came in retaliation for the bipartisan debt ceiling agreement that House Republican leadership brokered with the White House that passed last week. “When Speaker McCarthy and House GOP Leadership couldn’t hold the line on spending, they surrendered the ability to exclusively hold the floor,” Mr Gaetz tweeted. “We are going to #HoldTheFloor and refuse to allow their failure theater to continue to play out.” “All we are asking is that Speaker McCarthy abide by the spending commitments he previously made,” Rep Ken Buck (R-CO) tweeted. “That’s not an unreasonable ask.” As a result, the House dismissed itself for the rest of the week and will not convene until Monday 12 June for votes. The logjam led to House Republican leadership blaming each other. “We’ve been through this before; you know we’re in a small majority,” House Speaker Kevin McCarthy said, The New York Times reported, also taking a swipe at House Majority Leader Steve Scalise for the failure to control procedure. “The majority leader runs the floor,” he told reporters. Many House conservatives said that Mr McCarthy broke a series of promises he made to them in January of this year, when they forced the House to go into 15 rounds before he became speaker. Mr Scalise said he was not privy to those negotiations with conservatives in an interview with Punchbowl News. “So I still don’t know what those agreements were,” he said. “Whatever they are, [conservatives] feel that the agreements were broken. That’s got to get resolved. Hopefully it does.” Read More Gaetz and Boebert vow to force McCarthy into ‘monogamous relationship’ Lauren Boebert claims she missed vote on debt ceiling deal because it was a ‘c**p sandwich’ Richard Snyder, ‘warrior-king’ of publishing who presided over rise of Simon & Schuster, dead at 90 Senators call on TikTok CEO to explain 'inaccurate' statements about how company manages US data Judge rules to release names of Rep. Santos bond cosigners, will say secret for now as appeal mulled

Binace, the world’s largest cryptocurrency exchange, will pay over $4bn to US officials after admitting to unlicensed money transfers, sanctions violations, and willfully failing to institute anti-money laundering protections, federal officials announced on Tuesday. The oversights allowed trading with sanctioned nations like Iran, Cuba, and Syria, and failed to institute systems to report suspicious potential transactions with terror groups, according to the Treasury Department. “Binance was allowing illicit actors to transact freely, supporting activities from child sexual abuse to illegal narcotics to terrorism,” Treasury Secretary Janet Yellensaid on Tuesday. Changpeng Zhao, the founder of and CEO of Binance, is also stepping down, and will pay a $50m fine after pleading guilty to related charges. He could face up to 18 months in prison. “I made mistakes, and I must take responsibility,” the executive wrote on X. “This is best for our community, for Binance, and for myself.” Federal officials described a wide-ranging set of problems at the crypto exchange, which at times handled two-thirds of global crypto trades. “It willfully enabled hundreds of millions of dollars in transactions between American users and users subject to US sanctions,” US Attorney General Merrick Garland said in remarks on Tuesday. “And its platform accommodated criminals across the world who used Binance to move their stolen funds and other criminal proceeds. “Binance prioritized its profits over the safety of the American people.” The massive penalty, one of the largest in US financial regulation history, will also go towards resolving inquiries from the Commodity Futures Trading Commission, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCen), and the Office of Foreign Assets Control. On multiple occasions, Binance leadership intentionally took steps that allowed dangerous and illegal transactions to take place, according to the Justice Department. Binance knew it served US customers, meaning it had to register with FinCen and implement anti-money laundering controls, but “chose not to comply,” per the DOJ. Rather than set up these protections, the company created a separate Binance.US platform in 2019, while seeking to encourage VIP customers to obscure their accounts and continue using the main exchange, officials said. “Binance executives, including Zhao, made a plan to contact VIP customers and help the VIP register a new account for an offshore entity and transfer holdings to that account,” the DoJ said in an announcement of the agreement on Tuesday. “Binance employees also called US VIPs to encourage them to provide information that suggested the customer was not located in the United States.” The company, knowing it had US customers, also failed to introduce controls that would stop them from making trades with sanctioned jurisdictions like Iran, resulting in over $898m in trades between US and Iran-based users between January 2019 and May 2022. At one point, according to the DoJ, Zhao told employees it was “better to ask for forgiveness than permission,” while in another instance, a compliance employee wrote in a message, “We need a banner ‘is washing drug money too hard these days - come to binance we got cake for you.’” In a statement on Tuesday, Binance acknowledge making “criminal violations.” “These resolutions acknowledge our company’s responsibility for historical, criminal compliance violations, and allow our company to turn the page on a challenging yet transformative chapter of learning and growth,” the company wrote. “With the compliance and governance enhancements enshrined in our commitments, we can begin to share our vision for Binance’s exciting future and the future of the crypto industry.” The company also emphasised that the resolutions don’t allege Binance misappropriated user funds or engaged in market manipulation. Richard Teng, the company’s former global head of regional markets, will take over as CEO, according to Binance. The massive agreement with federal regulators will also require Binance to accept the appointment of a government monitor to oversee the business and bar Zhao from involvement with the company until three years after the monitor is appointed, according to court records viewed by The New York Times. Notably, the Securities and Exchange Commission was not a part of the Binance agreement. The SEC sued Binance and Zhao in June, alleging that they used companies beneficially owned by Zhao to inflate trading prices and make money off customers, allegedly mixing customer funds with Binance money. “While we take the SEC’s allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously,” the company responded at the time in a statement. “And, to be clear: any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong, and there is zero justification for the Staff’s action in light of the ample time the Staff has had to conduct their investigation,” the company added in the statement. The massive settlement comes just weeks after FTX founder Sam Bankman-Fried was found guilty in federal court of defrauding customers on his popular cryptocurrency exchange out of billions of dollars. Bankman-Fried’s defence team has vowed to fight the charges.

Airbnb is suing New York City over rules that the company says would make it much more difficult for people to turn their property into short-term rentals

NEW YORK Donald Trump has asked a New York judge to delay a scheduled Oct. 2 trial in