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Mike Lindell says ‘cash-strapped’ MyPillow took $1.6 million loan from payday lender at 409% interest

2 mn readMike Lindell, the owner of MyPillow, says his company was duped into borrowing $1.6 million at a 409% annual interest rate, the latest sign of financial distress for the far-right pillow salesman. Lindell, MyPillow, and 18 other corporate entities claim Cobalt Funding Solutions and another company involved in the loan, Streamline Advance, engaged in racketeering […]

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3 mn read
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Jewish-focused hotel project gets initial OK from Clark County board

3 mn readA 42-story hotel with a two-level synagogue just west of Treasure Island is moving forward. The non-gaming KDH Hotel, formerly known as the King David Hotel, was recommended for approval by the Paradise Town Advisory Board on Tuesday and is expected to be reviewed by the Clark County Commission on Jan. 8. Developers expect Jewish […]

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2 mn read
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Nasdaq closes above 20,000 points for the first time

2 mn readThe Nasdaq composite index closed at a record high Wednesday, rallying almost 350 points for its first-ever close above 20,000. The tech-heavy index gained 1.8 percent after November’s inflation report matched expectations from economists, reinforcing expectations that the Federal Reserve will cut interest rates again at its December meeting next week. The broader S&P 500 […]

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2 mn read
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Most high schoolers want to learn about financial topics, but only 10 states require it

2 mn readNorris Williford, a 22-year-old college senior, doesn’t just work at the MBM Kicks shoe store in downtown Richmond, Virginia — he owns it. And it was a high school class that helped him gain the skills for how to open a business at such a young age. “Ms. Hayer was actually one of my biggest influences. She […]

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2 mn read
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Australia to force tech giants to keep paying for news

2 mn readAustralia’s government says it will create new rules to force big tech companies to pay local publishers for news. The long-awaited decision sets out a successor to a world-first law that Australia passed in 2021, which was designed to make giants like Meta and Google pay for hosting news on their platforms. Earlier this year […]

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2 mn read
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Hershey shares jump on Cadbury owner buyout report

2 mn readShares in US chocolate maker Hershey have jumped by more than 10% after a report that Mondelez International, which owns UK-based Cadbury, has approached the firm about a potential buyout. A deal could create a snack food giant with combined sales of almost $50bn (£39.2bn) a year. Both Mondelez and Hershey declined to comment on […]

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