Business

Bloomberg News reports: Binance Holdings Ltd.’s Chief Executive Officer Changpeng Zhao arrived in Seattle federal court Tuesday to plead guilty to anti-money laundering charges under a sweeping deal worked out with the Justice Department designed to keep the company operating. Zhao agreed to step down as part of the settlement, which included the Treasury Department and the Commodity Futures Trading …

Reuters reports: Messaging platform X on Monday sued media watchdog group Media Matters, alleging the organization defamed the platform after it published a report that said ads for major brands had appeared next to posts touting Nazism. X, formerly Twitter, has faced growing outrage since Media Matters published the report on Thursday, which led IBM, Comcast and several other advertisers …

The Tampa Bay Times reports: Chick-fil-A is starting to deliver food by drone in the Tampa Bay area — so far only from one location within Hillsborough County. A Brandon-Valrico Chick-fil-A restaurant announced Monday on Facebook that it now has drone delivery service to locations within a 1.2-mile radius. The drone delivery fee is free for a limited time, according …

Forbes reports: X CEO Linda Yaccarino, the longtime NBC advertising executive tapped to bring back revenue and credibility to the company from big advertisers, is facing her own credibility crisis as advertisers halt spending over Elon Musk’s endorsement of antisemitic abuse on the social media platform. Forbes has confirmed that Yaccarino has been contacted by a groundswell of leading advertising …

Axios reports: Greyhound bus stations nationwide are closing and relocating outside central business districts after being acquired by an investment firm that rose to infamy for its acquisition and gutting of American newspapers. Greyhound has long been the brand most closely associated with intercity bus travel in the United States. Its stations, often architecturally and culturally significant, occupy prime downtown …

CNN reports: The Starship system made it much further into flight than the first attempt in April, but ultimately ended in another explosion. The rocket and spacecraft safely lifted off the pad, with the Super Heavy booster igniting all 33 of its engines. During the last attempt, multiple engines shut down prematurely. Then, the Super Heavy booster and Starship spacecraft …

The Guardian reports: Elon Musk has said he will be filing a “thermonuclear lawsuit” against Media Matters and others, after major US companies paused their adverts on his social media site over concerns about antisemitism. The media watchdog Media Matters said earlier this week that it found corporate advertisements by IBM, Apple, Oracle and Comcast’s Xfinity were being placed alongside …

The Hollywood Reporter reports: Major advertisers are pausing their ad campaigns on Elon Musk’s social media platform X, including Disney, which has Wish in the works on its release calendar for Nov. 22. Lionsgate also said that it would be pulling its ads from the platform, just as its Hunger Games prequel is hitting movie theaters. Warner Bros. Discovery also …

The New York Times reports: The blowback over Elon Musk’s endorsement of an antisemitic conspiracy theory on X gathered steam on Friday, as several major advertisers on his social media platform cut off their spending after his comments. Disney said it was pausing spending on X, as did Lionsgate, the entertainment and film distribution company. Apple, which had been on …

Axios reports: Apple is pausing all advertising on X, the Elon Musk-owned social network, sources tell Axios. The move follows Musk’s endorsement of antisemitic conspiracy theories as well as Apple ads reportedly being placed alongside far-right content. Apple has been a major advertiser on the social media site and its pause follows a similar move by IBM. The left-leaning nonprofit …

Reuters reports: IBM on Thursday said it had immediately suspended all advertising on Elon Musk-owned X after a report found its ads were placed next to content promoting Adolf Hitler and the Nazi Party. The report comes a day after Musk endorsed an antisemitic post on X that falsely claimed members of the Jewish community were stoking hatred against white …

CBS News reports: Amazon.com is warning that scammers are just as eager as consumers to take advantage of holiday shopping deals, with bad actors trying to gain access to customers’ Prime accounts through scam emails, calls and texts. The online retailer said it has seen a surge in criminal activity involving the ecommerce platform as shoppers use Amazon to make …

Ars Technica reports: With Tesla’s first Cybertruck deliveries expected later this month, a now-deleted update to the electric carmaker’s terms of service said the firm could sue customers for $50,000 or more if they resell during the first year of ownership without first getting written permission from Tesla. The provision seemed designed to deter scalping for a car expected to …

The Insider reports: Grimes hired people to search high and low for her kids’ father, Elon Musk, to serve him with custody papers, according to court records obtained by Insider. The singer, whose legal name is Claire Boucher, is suing Musk for physical custody of their three children. A lawyer for Grimes filed a supplemental proof-of-service document last Friday, showing …

Spectrum Honolulu reports: The 14-year-old Trump International Hotel Waikiki is being rebranded as Wakea Waikiki Beach with a “monumental transformation” soon to be underway, according to developer and front desk owner Irongate and new designated manager LXR Hotels and Resorts. In separate news releases issued on Friday, Irongate and Trump Hotels announced what Trump Hotels termed a “significant buyout” of …

Reuters reports: One windy night at Elon Musk’s SpaceX facility in McGregor, Texas, Lonnie LeBlanc and his co-workers realized they had a problem. They needed to transport foam insulation to the rocket company’s main hangar but had no straps to secure the cargo. LeBlanc, a relatively new employee, offered a solution to hold down the load: He sat on it. …

The New York Post reports: Steve Cohen has finally laid his cards on the table. The billionaire Mets owner finally unveiled his long-awaited Queens casino plan Tuesday — revealing a sprawling $8 billion gaming center, hotel, and music venue near Citi Field that he has dubbed “Metropolitan Park” after the team’s full corporate name. The proposed entertainment playground, which will …

The New York Times reports: WeWork, the real estate company that offered start-ups and individuals sleek quarters to pursue their entrepreneurial dreams, filed for bankruptcy protection in the United States on Monday after years of struggling to find its footing. The company filed for Chapter 11 bankruptcy protection in New Jersey, as part of what it described as a “comprehensive …

Inside The Magic reports: A bizarre, alleged “joke” that Florida Governor Ron DeSantis made about building a prison near Walt Disney World has ended up being part of Disney’s federal lawsuit against him. In April, DeSantis said, “Come to think of it, now people are like, what should we do with this land? People have said maybe create a state …

Axios reports: Elon Musk Saturday introduced a new chatbot called “Grok” out of his xAI startup, claiming that AI should be “useful to people of all backgrounds and political views.” xAI spent four months training Grok, which it categorizes as a “frontier large language model” — which would make it subject to new AI testing requirements both from the White …