JPMorgan is suing customers over “infinite money glitch.” It...
JPMorgan is suing customers over “infinite money glitch.” It turns out that banks don’t just let people steal money from ATMs. JPMorgan filed lawsuits in three federal courts against customers who allegedly took thousands of dollars from machines by depositing bad checks and withdrawing funds in an illegal loophole that went viral on TikTok earlier this year. One Houston, TX, man owes JPMorgan nearly $300,000, the bank said. Though the suits are civil, JPMorgan has referred cases to law enforcement and is still investigating thousands of other incidents across the US. The bank wants the stolen funds returned with interest.
Adidas and Ye settled their legal proceedings out of court with no money changing hands, Reuters reported.
CNN is expanding its “magic wall”—the technology that anchor John King uses to tell viewers exactly how many people have voted in Waukesha County, Wisconsin—to its app for the election.
Netflix is reportedly considering releasing Greta Gerwig’s Narnia film in Imax theaters.
TikTok co-founder Zhang Yiming is now the richest person in China, worth nearly $50 billion, per the BBC.
Kamala Harris will advertise on the Las Vegas Sphere this week.
Oil prices settle down on report of talks to end Lebanon war
Oil prices closed slightly lower on Tuesday,...
Oil prices closed slightly lower on Tuesday, adding to a more than 6% drop in the previous session, on a report that Israeli Prime Minister Benjamin Netanyahu will hold a meeting for a diplomatic solution to the war in Lebanon.
Brent crude futures settled down 30 cents, or 0.4%, at $71.12 a barrel, while U.S. West Texas Intermediate crude shed 17 cents, or 0.3%, to $67.21 a barrel.
Netanyahu will hold a meeting on Tuesday evening with Israeli ministers and the heads of the country's military and intelligence community about talks for a diplomatic solution to the war in Lebanon, Axios reporter Barak Ravid said on X, citing two sources.
Iranian Foreign Ministry spokesperson Esmaeil Baghaei said on Monday that Iran will "use all available tools" to respond to Israel's weekend attack.
Meanwhile, declining oil demand from China, the world's largest crude oil importer, remains a drag on global oil consumption and prices.
Dow sheds 150 points, Nasdaq posts fresh record with Alphabet earnings on tap
U.S. stocks finished mostly higher on Tuesday, with the...
U.S. stocks finished mostly higher on Tuesday, with the Nasdaq Composite scoring its 28th record close of the year, as investors prepared for quarterly earnings from Google parent Alphabet Inc. after the closing bell.
The Nasdaq advanced 0.8% to finish at an all-time closing high of around 18,712, according to preliminary data from FactSet.
The Dow Jones Industrial Average was off 0.4%, to end near 42,233.
The S&P 500 rose 0.2%, ending near 5,833.
Alphabet Inc. and Advanced Micro Devices Inc. are among the tech companies scheduled to report quarterly results after the market closes on Tuesday.
Microsoft Corp. and Meta Platforms Inc. are expected to report on Wednesday, while Apple Inc. and Amazon.com Inc. are up on Thursday.
World Series News: Can The Dodgers Sweep The Yankees?
The Los Angeles Dodgers beat the New York Yankees last night to take...
The Los Angeles Dodgers beat the New York Yankees last night to take a 3-0 World Series lead. One highlight: Freddie Freeman tied the record for longest consecutive home run streak in World Series history. [Yahoo Sports]
⚾ In the World Series, the Dodgers look to sweep the Yankees in Game 4 at 8:08 p.m. ET on Fox. [Los Angeles Times]
Oilfield equipment auctions see steady prices, high demand
Auctions remain a popular...
Auctions remain a popular method for buying and selling oilfield equipment, offering benefits to both parties according to Jim Richie, partner and chief auctioneer at Superior Energy Auctioneers. While buyers can control their maximum spending and sellers can set minimum prices, the competitive nature of auctions often drives prices higher than asking prices. Following the COVID-19 pandemic, truck and road-related equipment prices soared due to supply chain issues, though they've since normalized as new vehicle production resumed.
The market currently features abundant drilling, service, and downhole equipment available for auction, attracting global interest. Richie cites the liquidation of Golden State Drilling, a 47-year-old California company, as an example of the international appeal, with inquiries coming from Kazakhstan, Dubai, Australia, Europe, and South America, demonstrating strong worldwide demand for oilfield equipment.
