Here’s why SpaceX pays up to $25K for people to hack Starlink

Someone hacked Elon Musk’s Starlink internet satellite network using a $25 homemade device, but don’t worry, they’re cool with it. In fact, Starlink, which is a division of rocket-ship company SpaceX, is encouraging people to hack its system and suss out its security issues through a bug bounty program. “Starlink welcomes security researchers (bring on … Read more

DOJ says Trump Mar-a-Lago search warrant affidavit should stay sealed

A seal reading “Department of Justice Federal Bureau of Investigation” is displayed on the J. Edgar Hoover FBI building in Washington, DC, August 9, 2022. Stephanie Reynolds | AFP | Getty Images Federal prosecutors investigating former President Donald Trump asked a judge Monday not to unseal a key document related to the FBI’s search of … Read more

Wealthy Americans moving to Florida at 4 times the rate of other states

Known for offbeat felonies, media headline star “Florida man,” swampy weather, Disney adults, and Trump’s recently raided home, Mar-a-Lago, Florida doesn’t always get the best rep. But the Sunshine State is beloved for its warm weather and lack of state income tax, making it a haven for the wealthy. That’s largely why it’s welcomed more … Read more

Marc Andreessen’s firm invests $350 million in WeWork founder Adam Neumann’s new project

WeWork’s famous implosion might seem like a PR nightmare that would be impossible for an executive to recover from, spawning both a TV series and documentary that chronicled the office leasing company’s failure. On Monday, that assumption proved false when billionaire Marc Andreessen announced plans for a major investment in Flow, a new real estate … Read more

Stores, suppliers fight over price hikes as inflation squeezes shoppers

A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Long before shoppers fill up their carts with hot dogs or detergent, supermarkets and suppliers negotiate — and sometimes clash — over how much the products should cost. Those delicate discussions spilled … Read more

Art Cashin of UBS says stocks are overbought and the current rally could roll over

As investors are eagerly watching to see where the market goes for the rest of the second half of the year, Art Cashin says he’s skeptical the current rally will hold. Several investors have said stocks found a bottom in mid-June and could be on their way to the next bull market. Others see this … Read more

Dollar General fined nearly $1.3 million for worker safety violations

A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Dollar General is being hit with nearly $1.3 million in fines for worker safety violations after visits by federal inspectors to three of the company’s Georgia locations, the Department of Labor said Monday. The department’s Occupational Safety and Health Administration … Read more

Buffett’s Berkshire ramps up giant Apple stake again, dumps Verizon

Warren Buffett’s Berkshire Hathaway ramped up its stake in Apple again last quarter during the tech-driven sell-off, while the conglomerate exited the Verizon holding it had owned for more than a year. The holding company raised its bet on the iPhone maker to 894.8 million shares, worth $122.3 billion at the end of June, according … Read more

Business travel spending might not return to pre-Covid levels until 2026

Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images Business travel spending might not recover to pre-pandemic levels until sometime in 2026 — two years later than previously expected — as inflation, labor shortages and geopolitical issues slow the sector’s rebound, according to … Read more

Voyager customers beg New York judge for money back after bankruptcy

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a customer named Magnolia was the … Read more