Author: Press Room

Companies hired by the state of Florida to operate the Alligator Alcatraz detention center were notified Tuesday afternoon that the facility is being shut down, with the remaining 1,400 detainees expected to be removed in the coming weeks, four sources familiar with the announcement told CBS News Miami. The closure comes amid escalating operating costs for the facility, which are now estimated to total nearly $1 billion. “They said the last detainee will leave in June,” one source said.The decision to close the facility has been speculated about for the past week, with Gov. Ron DeSantis saying he expected it to close…

The number Mark Zuckerberg Meta AI predicts on Bitcoin price prediction by end-2026 is not $100,000. It is not $150,000 either. It is $250,000. And the logic behind it is cleaner than most people expect from a social media company’s AI.Meta’s model does not rely on a single catalyst. It stacks 4, all moving simultaneously. The post-halving supply crunch is already in effect, reducing new BTC issuance at the exact moment spot ETF inflows are pulling coins off exchanges at scale.Layer corporate treasury adoption, 401k integration, and sovereign wealth fund positioning on top of that, and you have a demand…

David Einhorn laid out a bullish case for a group of out-of-favor companies at the Sohn Investment Conference on Tuesday, betting that operational turnarounds and artificial intelligence adoption could drive sharp a rebound in overlooked stocks. “We’re finding interesting investments where management is repositioning businesses towards more durable, more disciplined, more generative growth,” Einhorn said. “The value creation question is whether management can convert the strategic change into better visibility, better margins and eventually a better multiple.” The Greenlight Capital founder pitched five investment ideas in New York, focusing on companies he said are in a transitional period with catalysts…

NEWYou can now listen to Fox News articles! A New York-based, Iran-born U.S. citizen pleaded guilty Tuesday to running a migrant smuggling operation that brought foreign nationals into the country, including a traveler tied to a U.S.-designated terrorist group, while also stockpiling graphic child sexual abuse material, federal authorities said.Sharon Gohari, who lived in Nassau County and frequently traveled to Iran, pleaded guilty in federal court in Brooklyn to human smuggling and receiving child sexual abuse material, capping what authorities described as a yearslong scheme that posed both national security risks and involved disturbing exploitation.Prosecutors say Gohari turned illegal entry…

Descrease article font size Increase article font size The Saskatoon Mamba are back on the court, this time all together for the first time following their rebranding. The former Saskatoon Rattlers are a brand-new team, from name to logo to roster. New head coach Isaiah Fox says the rebranding is far more than just a change in name.“We feel that it is an evolution of rattlers to mamba. We’re very proud of the past here, and we want to give the fans something to root for and cheer for here,” said Fox.As the new head coach, he wants to bring…

US stocks closed mixed on Tuesday as a selloff in semiconductor shares and rising oil prices pressured technology-heavy indexes following a hotter-than-expected inflation report for April.The S&P 500 slipped 0.16% to close at 7,400.96, while the Nasdaq Composite fell 0.71% to 26,088.20. The Dow Jones Industrial Average outperformed, rising 56.09 points, or 0.11%, to finish at 49,760.56.Markets retreated from recent record highs as investors reassessed expectations for interest-rate cuts amid persistent inflation pressures linked to rising energy costs and continued geopolitical tensions surrounding the Iran conflict.Chip stocks retreat after massive rallySemiconductor shares led the market decline after an extended rally…

Eli Lilly says patients in a late-stage trial who had been taking an injectable GLP-1 medication for over a year didn’t regain significant weight after switching to its new weight-loss pill Foundayo.People who switched from Novo Nordisk’s injectable Wegovy to Lilly’s oral Foundayo regained an average of 900gms after a year, according to a study presented at the European Congress on Obesity in Istanbul on Tuesday.Patients who switched to Foundayo from Lilly’s own more potent injectable Zepbound regained an average of five kilos.Lilly introduced its new oral medication, a competitor to Danish drugmaker Novo’s Wegovy pill, in the US market…

The Trump administration’s public portrayal of a shattered Iranian military is sharply at odds with what U.S. intelligence agencies are telling policymakers behind closed doors, according to classified assessments from early this month that show Iran has regained access to most of its missile sites, launchers and underground facilities.Most alarming to some senior officials is evidence that Iran has restored operational access to 30 of the 33 missile sites it maintains along the Strait of Hormuz, which could threaten American warships and oil tankers transiting the narrow waterway.People with knowledge of the assessments said they show — to varying degrees,…

NEWYou can now listen to Fox News articles! State Rep. Juandalynn Givan launched a blistering attack on U.S. Supreme Court Associate Justice Clarence Thomas in a fiery video Monday, calling him an “Uncle Tom” and a “lynchman,” as well as accusing him of betraying the Black community.Her remarks came in response to a Monday Supreme Court ruling on redistricting, in which the justices struck down a 2023 court-ordered congressional map that had helped create an additional Democratic-leaning seat in the 2024 elections.The decision could clear the way for contested maps that would eliminate two Democratic-held congressional seats, potentially impacting Reps.…

NEWYou can now listen to Fox News articles! A mural painted to honor Iryna Zarutska — the Ukrainian refugee who was murdered while riding a North Carolina train — is being taken down after outrage in Providence, Rhode Island.On Tuesday, a construction crew was seen near the exterior of The Dark Lady, an LGBTQ+ club in downtown Providence, working to remove the partly finished mural. The mural, which was painted on canvas, was lowered to the ground, folded up and taken away, WJAR-TV reported.Artist Ian Gaudreau confirmed the news that the artwork was going to be removed after local outrage.”A…