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A new Southern District of New York lawsuit alleges Estée Lauder retail sales in Asia relied on “a pervasive, prohibited gray market resale industry” and prohibited, duty-free resellers called daigou. One stockholder has sued Estée Lauder’s board in Manhattan federal court on Tuesday over the company’s practices in this market. The plaintiff, Portia McCollum, wants to force the directors to repay Estée Lauder for their alleged misconduct. She’s merely seeking to recoup attorney’s fees and legal costs associated with bringing the action, not a traditional monetary judgment in her favor. The complaint alleges the company’s Asian travel-retail sales channel, a critical growth market for the makeup and perfume house, exploited duty-free tax exemptions. McCollum names 13 current and former directors and officers, including Chairman William P. Lauder of the eponymous family dynasty. The action pleads seven counts, seeking an accounting of salaries, bonuses...

AI company CoreWeave has lost one-third of its value since the day it joined the Nasdaq 100 index, despite doubling revenue in the second quarter and boasting of $100 billion in backlogged revenue. As common shareholders have suffered, insiders have been steadily selling.  Since Nasdaq 100 indexation became effective on June 22, 2026 and forced retirement savers to passively buy CoreWeave shares through hundreds of Nasdaq 100-linked funds around the world, executives and board members at the company have dumped over $600 million worth of stock. CEO Michael Intrator has liquidated over $320 million Co-founder Brannin McBee has sold $220 million Kristen McVeety, general counsel and corporate secretary, has sold over $22 million The company’s CSO, CFO, COO, and CAO have sold a combined $36 million CoreWeave since IPO. Source: TradingView CoreWeave’s stock hit its all-time high of $187 on June 20, 2025, almost a year before it became a constitue...

Crypto exchange Hyperliquid is paying traders 500% a year to hold long oil derivatives. Payouts are hourly as an additional reward atop the price appreciation of oil itself which has regained $100 per barrel. Of course, if it sounds too good to be true, it probably is. There are no free lunches on Wall Street. First of all, Hyperliquid offers extreme leverage — up to 20x on Brent oil, for example — so unremarkable, intraday price fluctuations can easily wipe out a portfolio. Moreover, even unlevered trades on Hyperliquid inherit innumerable financial risks from bugs, hackers, market manipulators, vulnerable technologies, and offshore counterparties. Still, Brent and WTI oil perpetuals on the crypto exchange printed deeply negative hourly funding rates today, meaning that the short side of the trade is overcrowded and must pay fees to borrow margin exposure from less popular longs. Traders on the venue are so one-sided that shorts must pay 500% annualized fee...

AI models Claude, Grok, ChatGPT, and Gemini all appear to be experiencing outages today. Across the board, AI users are claiming that they can’t get the models, run by Anthropic, X, OpenAI, and Google respectively, to work. Fifteen different services offered by OpenAI are reportedly experiencing issues, which OpenAI is currently trying to fix. Claude’s status tracker detailed how its Mythos, Fable, and Opus models were affected, and it now claims that its Opus 4.8 and Opus 5 models are experiencing problems. The rest, it says, “ have recovered to baseline error rate .” you’re laughing? grok is down. claude is down. openai is down. the only coding model available today is gemini 3.8 flash… and you’re laughing?? pic.twitter.com/sE5WJ2YIjj — NIK (@ns123abc) September 3, 2026 This user claims the Gemini 3.8 model still appears to be working. Read more: Search engines fix Claude leak but Perplexity users’ files still online X confirmed t...

DoorDash has performed 48% better than SpaceX since Elon Musk’s rocketship company launched for public trading at $150 per share on June 12. While SpaceX, which famously lost $1 trillion of market capitalization for its investors has crashed 6%, DoorDash has increased in value by 42%. In fact, based on current stock prices, it would have been better to buy any number of restaurant stocks instead of SpaceX on the Nasdaq. Texas Roadhouse has performed 13% better, Flanigan’s has trounced by 35%, and Cracker Barrel has outperformed by 12%. DoorDash (green) versus SpaceX (red) IPO on June 12, 2026. Source: TradingView Measuring the drawdown from SpaceX’s peak is even more embarrassing. Since June 16, SpaceX has declined 37%. It hit an intraday high of $225.64 that day, and performance has been down-only since. DoorDash opened for trading at $155.24 per share on June 12, while SpaceX began trading at $150 — $15 higher than its formal IPO price.  Almost ...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The Shiba Inu (SHIB) team made a historic move after the token’s launch in August 2020 by sending Ethereum co-founder Vitalik Buterin half of the project’s entire supply. Buterin is one of the most recognized figures in the crypto industry. Sending him half the supply was a move that garnered substantial trust among crypto enthusiasts. However, Buterin did not hold on to the coins he received. Instead, he burned 90% of the SHIB he received and donated the rest to charity. His actions led to a massive dip in supply, which consequently led to a big price rally. However, many still wonder why the SHIB team decided to send Buterin half of the supply upon launch. Is Buterin a secret founder of Shiba Inu (SHIB)? Let’s discuss. Is Vitalik Buterin a Secret Founder of Shiba Inu? Source: Pexels Shiba Inu (SHIB) was created by an anonymous figure known only as Ryoshi. When Buterin received half of SHIB’s supply, there was a lot of talk about whether he was the man behind Ry...

The US SEC made a historic decision in early 2024 by approving 11 spot Bitcoin (BTC) ETFs. The ETF approval has led to a substantial increase in institutional inflows for the original crypto. BTC has hit multiple all-time highs after the ETFs went live, with the most recent peak being $126,080, which it attained on Oct. 6, 2025. While ETFs have played a significant role in the current market cycle, let’s discuss which form of BTC is better for long-term growth: Bitcoin ETFs vs. BTC coin. Bitcoin ETF vs. BTC Coin: What’s The Difference and Which is Better? Source: Wccftech A Bitcoin ETF is an investment fund that tracks BTC’s price, whereas BTC is the actual cryptocurrency itself. When you buy an ETF, you do not own the underlying asset. On the other hand, if you purchase BTC at a crypto exchange, you own the asset. Owning a Bitcoin ETF could be considered safer as it a regulated by financial authorities. On the other hand, there is very little oversight, and regulation...

Founder and former CEO of Binance, Changpeng Zhao, has for the past week been locked in a war of words and threats with Massachusetts Senator Elizabeth Warren. The back and forth has the senator referring to the cryptocurrency entrepreneur as a “money launderer” and suggesting, “If Congress does not stop this kind of corruption (the pardoning of financial criminals), it owns it.” Meanwhile, a lawyer for Zhao told the New York Post, “Mr. Zhao respectfully immediately requests the retraction of these false statements, both within the resolution and on X,” adding, “Mr. Zhao reserves his right to pursue all legal remedies available to address these false statements.” CZ pleaded guilty to a criminal money laundering charge and was sentenced to prison. But then he financed President Trump’s stablecoin and lobbied for a pardon. Today, he got it. If Congress does not stop this kind of corruption, it owns it. pic.twitter.com/NsWeaJcVeK — Elizabeth Warren (@S...

Binance.US has hit back at Senator Chris Murphy after he accused the White House of corruption following President Donald Trump’s pardon of Binance co-founder Changpeng Zhao, aka CZ. Murphy made the remarks on X, calling the White House a “24/7 corruption machine” after Binance.US announced it would open deposits for USD1, a dollar-pegged stablecoin issued by the Trump family’s World Liberty Financial, and began trading a USD1/USDT pair. On the same day, Binance.US announced that deposits for WLFI have also been opened and that trading for a WLFI/USDT pair would begin at the same time.  “One week after Trump pardoned Binance’s owner (for a stunning array of crimes related to terrorist and sex predator financing), Binance starts promoting Trump crypto,” said Murphy on X. ”The White House is a full time, 24/7 corruption machine.”  Binance Says No Political Motive Behind Listings Binance.US denied any political motive,...

Dogecoin price has long been stagnating, taking its sweet time to deliver the desired results. The Dogecoin enthusiasts have long been waiting in line to witness the ultimate moment when Dogecoin would charge ahead, entering into its post-$1 era. At present, the token is sitting at $0.19, down 16% in the last 24 hours. Will this November be a game-changer for the asset in general? Also Read: Dogecoin’s Journey To $1: ETFs, X Payments, And more Catalysts Helping DOGE Source: Forbes The entire cryptocurrency domain has lately been undergoing a minor market correction. As per the latest update by toquant, this ongoing correction is a minor development, which is bound to improve soon. Once this corrective phase is over, the markets will embrace the bullish timelines, with altcoins taking center stage. “The Correction Won’t Last Long: The current crypto market appears to be in a relatively small correction phase, and a strong surge in altcoins is likely to occur alongside intense overheatin...

The Bitcoin price edged down a fraction of a percent in the past 24 hours to trade at $113,618 as of 4:03 a.m. EST on trading volume that jumped 25% to $67.4 billion. Traders are positioning cautiously ahead of the Federal Open Market Committee (FOMC) interest rate decision today, which is widely expected to see a 25 basis point cut in the benchmark rate. ⚠️ Volatility Alert 🎢 Fed rate cut decision today at 11:30 pm (IST) Crypto market is in pressure and #Bitcoin stuck between $110K and $116K as most of the people await Fed rate decision and US-China deal. pic.twitter.com/rzjw2rax64 — BITCOIN EXPERT INDIA (@Btcexpertindia) October 29, 2025 While already priced in, it would be a positive for higher-risk assets like crypto because it will help boost liquidity by reducing the cost of capital. Traders are carefully watching the liquidity situation following signs of renewed stress among US regional banks, and a still-uncertain global macro environment. C...