Latest news with #D-NY
Yahoo
28-05-2025
- Business
- Yahoo
GameStop bought $500 million of Bitcoin
GameStop announced on Wednesday that it bought 4,710 Bitcoin, which is worth over $500 million at the time of the purchase. The video game retail chain has struggled to stay relevant in a time when digital gaming purchases are increasingly popular -- plus, the company took on a new kind of notoriety when it unwittingly became the center of a short squeeze in 2021. GameStop stock remains a bit inflated from where it was before the meddling of Reddit community r/WallStreetBets, but years out from its unpredictable moment in the spotlight, GameStop is still reporting annual declines in net sales. To support its financials, GameStop announced to investors in March that it would update its investment policy to add Bitcoin as a treasury reserve asset, and today's news represents GameStop's follow-through on that promise. GameStop stock stumbled after each crypto-related announcement, likely due to investors' concerns around the historic volatility of crypto. GameStop's recent interest in Bitcoin isn't as random as it may seem. Under former President Joe Biden, the U.S. government was cracking down on the crypto industry due to its connection to fraud and corruption. Now, the Trump administration has flipped the script and is establishing a Bitcoin reserve. Trump's media company also has plans to raise $2.5 billion to buy Bitcoin. Trump even invited the top holders of his memecoin -- a volatile cryptocurrency that is not pegged to any real determinant of value, but rather, the trollish whims of certain online communities -- to a private dinner at the White House. As Trump and his family become more entwined with crypto, his opponents have raised concerns around Trump's ability to manipulate the crypto market for his own financial gain. Co-sponsored by 17 other Democratic senators, Chuck Schumer (D-NY) and Jeff Merkley (D-OR) responded to Trump's increasing investment in crypto with the "End Crypto Corruption Act." 'Currently, people who wish to cultivate influence with the president can enrich him personally by buying cryptocurrency he owns or controls,' Senator Merkley said in a press release. 'This is a profoundly corrupt scheme. It endangers our national security and erodes public trust in government." But without support across the aisle, these efforts to mitigate Trump's ethically suspicious crypto investment are unlikely to gain momentum. With the U.S. government on its side, Bitcoin's price has jumped to all-time highs in May, breaking the $110,000 mark after falling to around $75,000 in April. Companies like Tesla, Coinbase, and Block have already made large Bitcoin purchases as a way of growing the company's assets, with each holding over one billion dollars worth of Bitcoin. Now, with its massive Bitcoin purchase, GameStop follows in these companies' footsteps.
Yahoo
16-05-2025
- Entertainment
- Yahoo
'The View''s Alyssa Farah Griffin snaps at Joy Behar in heated debate: 'We have Trump because you guys screwed this up!'
Alyssa Farah Griffin snapped at Joy Behar during a heated exchange about the 2024 election. "We have Trump because you guys screwed this up," Griffin yelled with her arms out. The View cohosts continued sparring over the heated Hot commentator and former Donald Trump White House associate Alyssa Farah Griffin let loose on The View cohost Joy Behar, a staunch liberal, during a particularly heated Hot Topics exchange Friday morning. The cohosts engaged in a lively debate about ongoing criticisms of 82-year-old Joe Biden's fitness to hold office ahead of the 2024 presidential race against Donald Trump, which Biden bowed out of following immense pressure from Democrats to do so — including a public plea from Hollywood heavyweight George Clooney. After The View played a clip of Sen. Chuck Schumer (D-NY) insisting that the party was "looking forward" instead of regurgitating talking points over concerns about Biden's age, the panelists brought up a recent book that alleged Biden didn't recognize Clooney at a 2024 campaign event. (Entertainment Weekly has reached out to a representative for Biden for comment.) "Does that give you confidence in the middle of the night, if China is about to attack us, there's a war breaking out in Iran, that he's the sharpest person to handle that?" Griffin asked during the moment (watch in the video above). Behar cut in to ask a question with a reference to Secretary of Defense Pete Hegseth's Signal scandal: "Wait a second, which administration texted war plans to their brother?" Griffin replied with a question of her own: "The Trump [administration], but do we just keep lowering the bar because Trump is bad? Nothing else is bad because Trump is bad?" Behar looked toward Griffin to note that "the ship has sailed" and is "out in the ocean somewhere with Biden." She urged, "It's over. Get over it," before Griffin snapped. "No, we have Trump because you guys screwed this up!" the 35-year-old said with her arms outstretched toward Behar, before adding, "With all due respect." The audience lightly gasped after Griffin's outburst, to which Behar replied, "Alright, but does it help to just keep going over the same material about Biden over and over agin? I mean, really." Sunny Hostin then brought up other criticisms about Trump, and the conversation didn't lessen in intensity until Behar finally threw the show to a commercial break with a joke comparing the panel to the cast of The Real Housewives franchise. Ever since the November 2024 election, Griffin has frequently sparred with her cohosts over issues related to the momentous political event. Griffin took particular issue with Hostin's assertion that racism and misogyny played a significant factor in Vice President Kamala Harris losing the election to Trump. On the Nov. 18 episode, Griffin told her colleague that she's "missing it" entirely if she felt that a "vast majority in this country voted because of racism and misogyny," with Hostin then citing that "the stats are the stats" when it comes to backing up her assessment. "But, [the stat] doesn't say, 'I'm white, I voted for Donald Trump because of racism,'" Griffin replied after raising her hand to emphasize her words. "That's not a fact. What fact are you talking about?"Biden also recently appeared on The View to address similar topics, and even revealed during his interview that he "wasn't surprised" Harris lost the election. "Not because I didn't think the vice president was qualified to be president," he clarified on the May 8 telecast. "She is, she's qualified to be president of the United States of America. I was surprised because they went the sexist route, the whole route. 'This is a woman,' she's this, she's that, really, I've never seen as successful and consistent [of a] campaign undercutting the notion that a woman couldn't lead the country — and a woman of mixed race." The View airs weekdays at 11 a.m. ET/10 a.m. PT on ABC. Watch Griffin and Behar clash in the video at the top of this post. Read the original article on Entertainment Weekly
Newsweek
14-05-2025
- Politics
- Newsweek
Trump Says Chuck Schumer Has 'Become a Palestinian'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump said Senate Minority Leader Chuck Schumer (D-NY) has "become a Palestinian" in a dispute over a gifted jet from Qatar. Schumer said his party would seek to block all Department of Justice political nominees over the president's acceptance of the Qatari jet as a gift to the U.S. "Schumer, you know, he's become a Palestinian," Trump said on Air Force One ahead of his arrival in Qatar for a visit, per a White House pool report. "There's something wrong with him. You know, I've known him a long time and there's something wrong. He's lost his confidence, totally. There's just something wrong. I don't know what it is with Schumer." This is a developing story and more information will be added soon.
Yahoo
19-04-2025
- Politics
- Yahoo
Jill Biden Aide Tells Her and Joe to Stay Away from Politics
Even the most loyal Democrats cringed this week when President Joe Biden shuffled back to the national stage—including former First Lady Jill Biden's long-term aide. Michael LaRosa, who served as Jill Biden's communications director, questioned Joe and Jill's decision to reemerge on Tuesday just as President Donald Trump's approval is sinking in countrywide polls. 'I love both Bidens dearly, but staff loyalty means there is a responsibility to provide them with an honest situational awareness, especially when it comes to their public image, no matter how hurtful it is to hear,' LaRosa told The Hill Saturday. In Biden's first public post-presidency speech, he slammed Trump for taking a 'hatchet' to Social Security. However much they may agree with the sentiment, though, leading Democrats just want the 82-year-old to stay retired. LaRosa said that if the Bidens 'had advisers who had their hand on the pulse of the Democratic Party or national politics, they would have understood the intense level of anger or indifference to them that remains inside our party and isn't going away anytime soon.' The Biden-bashing comes as younger contenders—most notably Rep. Alexandria Ocasio-Cortez (D-NY)—rise through the ranks. Confidence in the party's congressional leadership has sunk to an all-time low, with the approval rating at only a quarter of voters. Democrats say they're on a sinking ship and are desperate for a party-wide reboot. They've grown even more frustrated as Biden hobbles his way back onto the scene. The aide continued: 'It's a heartbreaking and tragic ending to their time in public life, but it's also the truth, and they should index the political realities into their decision making.' The built-up resentment stems from Biden's July drop-out of the 2024 presidential race. Many Democrats argue it was too little, too late. A staggering 19 million people who voted for Joe Biden in 2020 stayed home. LaRosa fears that the spotlight on Biden will distract the public from the current chaos in the White House. Just as Americans begin condemning Trump for the failing economy—overwhelmed by aggressive tariffs—Biden's comeback has presented the Republican party with someone else to blame. Trump's approval numbers are paralleling the plummeting markets, 'so it's a bad time for Biden to reemerge and remind them of the bad old days,' Democratic strategist Brad Bannon told The Hill. The message to Biden is clear: read the room. But the former president has done just the opposite.
Yahoo
02-04-2025
- Politics
- Yahoo
AOC to join Bernie Sanders in Los Angeles for 'Fighting Oligarchy' tour
The Brief Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez are continuing their "Fighting Oligarchy" tour with a stop in Los Angeles on April 12. The event will take place at Gloria Molina Grand Park, where Sanders and Ocasio-Cortez are scheduled to speak. The tour features rallies and town halls aimed at addressing economic disparities and challenging corporate influence. LOS ANGELES - Sen. Bernie Sanders, (I-VT) and Rep. Alexandria Ocasio-Cortez (D-NY) are coming to Los Angeles. The duo will be in LA on April 12 for the latest stop of the "Fighting Oligarchy" tour. What we know The "Fighting Oligarchy" tour's California stop is Gloria Molina Grand Park in LA on April 12. Doors open at 9 a.m. with the speaking program beginning at 1 p.m. Sanders and Ocasio-Cortez are scheduled to speak, according to Sanders' website. SUGGESTED: WATCH: Xavier Becerra's first TV interview of California governor campaign While tickets are not required, those interested in attending are advised to RSVP online for the event. Attendees are encouraged to take public transit, ride-shares or carpool. Other Tour Stops No other upcoming dates for the "Fighting Oligarchy" were listed on the tour website, but Sanders' team said more "events will be announced in the coming days." SUGGESTED: CA Governor Race: Who is running to replace Newsom AOC was most recently on the road with Sanders for tour stops in Nevada, Arizona, and Colorado. About 'Fighting Oligarchy' The "Fighting Oligarchy" tour is a series of rallies and town halls headlined by Sanders to "have real discussions across America on how we move forward to take on the Oligarchs and corporate interests who have so much power and influence in this country," according to the senator's website. The first rally was held in Omaha, Nebraska on Feb. 21. It has since made stops in Iowa, Wisconsin, Michigan, Nevada, Arizona, and Colorado. SUGGESTED: Trump's 'Liberation Day' arrives, with promise of more tariffs According to Sanders' team, the tour has drawn more than 107,000 people. The Source Information for this story is from the office of Sen. Bernie Sanders and the "Fighting Oligarchy" website.
