Tag: MILLION

22 SEP

How more than $424 million in taxpayer money is locked away in a forgotten government fund — and lawmakers won’t spend it or return it

A pool of more than $ 424.4 million contributed by taxpayers is waiting for Congress to decide how best to use it. In the meantime, no one is using it — and they haven't for years. Bill Oxford/Getty Images The money is supposed to publicly fund presidential campaigns. But it doesn't. Republicans and Democrats in […]

20 SEP

The EU’s upcoming ban on Russian crude could shift 1 million barrels a day to these 7 nations next year, energy researcher says

Atef Hassan/Reuters Roughly 1 million barrels of Russian crude could be redirected come 2023 as Europe's new sanctions kick in.  Energy research firm Kpler broke down potential destinations where Russian oil could pivot to as Moscow seeks new markets. Those nations include Indonesia, Pakistan, and Brazil, among others.  Once Europe's partial ban on Russian oil […]

12 SEP

How an institute at the University of Utah has helped entrepreneurs build their startups and raise more than $700 million in funding

Kazi Awal/Insider Lassonde Entrepreneur Institute. Courtesy of Lassonde Entrepreneur Institute University of Utah's Lassonde Entrepreneur Institute helps students launch startups and raise money. Undergraduate students, graduate students, and alumni have access to mentorship and other resources. The university also plans to offer an online master of business creation degree to expand its reach. This article […]

11 SEP

A dinosaur skeleton that’s 150 million years old can be yours for about $500,000 – but some paleontologists are not happy

The skeleton of a dinosaur named Zephyr on display in Paris where it will be auctioned next month. Reuters A restored iguanodon skeleton is expected to sell for about $ 500,000 at an auction next month. A paleontologist told Insider he hopes the current enthusiasm for dinosaur remains "will pass." The skeleton of the creature […]

09 SEP

Oberlin College will pay $37 million to a local Ohio bakery after court declines to review appeal to defamation suit ruling

Gibson's Bakery. Dake Kang/AP An Ohio court ruled in favor of Gibson's Bakery in 2019 in a defamation lawsuit filed against Oberlin College. The Gibson family alleged they were defamed by the college following a 2016 shoplifting incident. After two failed appeals, the college will pay the family-owned bakery nearly $ 37 million. After five […]

09 SEP

Citi just got a reprieve for its $900 million ‘fat-finger’ Revlon error after a US appeals court ruled that a group of lenders must give Citi back the money.

Hi. Aaron Weinman here. On Thursday, Queen Elizabeth II, the UK's longest-serving monarch, died at Balmoral Castle aged 96, after reigning for 70 years. You can read more about her life and legacy here.  In finance news, Citi has scored a much-needed legal victory over its embarrassing "fat-finger" mistake. The bank persuaded a federal appeals court to […]

09 SEP

Feds claw back $30 million of cryptocurrency stolen by North Korean hackers

Enlarge (credit: Getty Images) Cryptocurrency analytics firm Chainalysis said on Thursday that it helped the US government seize $ 30 million worth of digital coins that North Korean-backed hackers stole earlier this year from the developer of the non-fungible token-based game Axie Infinite. When accounting for the more than 50 percent fall in cryptocurrency prices […]

02 SEP

A retired tech tycoon has pledged $33 million to raise an army of civilian marksmen and ‘black bear warriors’ to defend Taiwan from a Chinese invasion

Retired tech tycoon Robert Tsao also announced that he had regained his Taiwanese identity after giving up his Singaporean citizenship. SAM YEH/AFP via Getty Images A retired Taiwanese tech mogul is pledging his millions to fund training for civilian troops. He says he'd pay a private military training outfit to train 3 million civilians for […]