Business

A former MoviePass executive embezzled $260,000 to repay a loan he took out for a party he threw months earlier at the Coachella music festival in California, federal prosecutors allege. Khalid Itum, 42, was arrested Tuesday and charged with two counts of wire fraud and two counts of money laundering, the U.S. Department of Justice said in a statement. Itum,…

Imagine a tutor who never gets tired, has access to huge amounts of data and is free for everyone. In 1966, Stanford philosophy professor Patrick Suppes did just that when he made this prediction: One day, computer technology would advance so that “millions of schoolchildren” would have access to a personal tutor. He said the conditions were like young Prince…

The Supreme Court on Wednesday appeared skeptical of a lawsuit trying to blame social media companies for a terrorist attack on a Turkish nightclub that killed 39 people. During the arguments in the Supreme Court, several judges stressed that there was no evidence linking Twitter, Facebook and Google directly to the 2017 attack on Istanbul’s Reina nightclub. The family of…

A healthy savings account is important no matter what stage of your life you are in. But building that account can be challenging, especially with inflation and the rising cost of goods and services. In fact, according to a recent Prudential survey, over half of the nearly 4,800 consumers surveyed had less than $500 saved — or no savings at…

Soy, oat, almond and other beverages that label themselves “milk” can continue to use the name, according to draft federal rules released Wednesday. Food and Drug Administration officials issued a guideline stating that plant-based beverages do not purport to be derived from dairy animals — and that US consumers are not confused by the difference. Dairy producers have been asking…

raise the level Is wealth‘s advice column, written by economic strategist and resilience educator Komal Minhas. Are you struggling with a workplace issue that is preventing you from achieving your career goals? Komal is here to help – and she will ask the best experts for advice. Ask your questions here. Dear Komal, I feel like I’m running a marathon…

Twitter’s owner plans to open source the platform’s recommendation algorithm as soon as next week, the entrepreneur wrote on Tuesday. The move is intended to tear the veil from the software’s inner workings after persistent bias — first from the right end of the political spectrum and now from the left — gave Twitter its thumb on the scales of…

President Joe Biden said Wednesday that Russian President Vladimir Putin made a “huge mistake” in suspending his country’s participation in the last remaining US-Russia nuclear arms control treaty. The US President was in Poland to reassure NATO allies on the eastern flank that the US will stand by them amid the grueling Russian invasion of Ukraine. In his first comments…

If you ask Elizabeth Cutler about the secret ingredient behind SoulCycle, the company she founded with partner Julie Rice in 2006, her answer isn’t what you think. It wasn’t the music, the tough teaching staff or even the intensive training. Instead, Cutler says, “What people got in those rooms was a dose of humanity.” And that, she says, has health…

Gen Z are not dodging the pitfalls of equal pay issues as they enter the workforce. According to a new report from Handshake, a career app aimed at Gen Z, women appear to be falling behind on pay even before their first professional job. But Gen Z women expect to earn $6,000 less on average compared to men, according to…