Tag: FX

ToplineJamshid Ghomi, a U.S.-Iranian national and CEO of a Tehran-based tech firm, was arrested Wednesday over allegations he funneled U.S. networking and encryption equipment to Iran’s nuclear program and military while laundering millions of dollars. Ghomi’s Newport Beach mansion.Department of JusticeKey FactsGhomi, 63, was charged with conspiracy to violate the International Emergency Economic Powers Act,…

Billions of dollars in tariffs are heading back to importers. And some of America’s biggest companies are making clear they won’t be keeping the money. Costco Wholesale and United Parcel Service are among the companies that have stepped forward with direct commitments to pass tariff refunds on to …

ToplineCardano’s ADA token, once the world’s third-largest cryptocurrency, extended losses on Wednesday as it traded near a six-year low following the cancellation of its flagship conference and a broader crypto market selloff. Cardano’s market value has plummeted by more than $80 billion in recent years. NurPhoto via Getty ImagesKey FactsThe value of Cardano dropped 2.3%…

BALTIMORE, MD – SEPTEMBER 05: A general view of the Los Angeles Dodgers logo on an equipment bag in the dugout before the game against the Baltimore Orioles at Oriole Park at Camden Yards on September 5, 2025 in Baltimore, Maryland. (Photo by Scott Taetsch/Getty Images)Getty ImagesThe Los Angeles Dodgers have built enough pitching depth…

Money you cannot spend is a strange kind of rich. On paper, a person can be worth millions and still not have a dollar to fix the roof, pay a contractor, or close on a house. For years, San Francisco tech workers treated that gap as temporary…

Americans saving for retirement focus on ensuring their nest eggs will sustain the lifestyles they hope to enjoy once their working years are behind them. That desire to make the most of every dollar — across retirement accounts, including 401(k)s and Individual Retirement Accounts (IRAs) — …

Big banks are strange companies to own. From the outside, they look slow and lumbering. From the inside, they are a single bad weekend away from a phone call to the Treasury Department. That tension is what makes investing in them so hard. It is also the whole reason an unglamorous piece of …

MEXICO CITY, MEXICO – JUNE 11: Detailed view of the 2026 World Cup trophy during the unveiling of the countdown clock 1 year ahead of the 2026 FIFA World Cup at General Prim on June 11, 2025 in Mexico City, Mexico. (Photo by Cristopher Rogel Blanquet/Getty Images)Getty Images The 2026 FIFA World Cup — opening…

Cisco Systems (CSCO) climbed 25% in the past week as investors woke up to a simple shift. AI is driving a multibillion-dollar rebuild of the networks that power modern computing, and Cisco sits squarely in that spend cycle. That shift could ripple across the broader tech industry…

DUBAI, UNITED ARAB EMIRATES – DECEMBER 3: In this handout image suppled by COP28, Joseph Vipond from the Canadian Association of Physicians for the Environment at the Blue Zone during the UN Climate Change Conference COP28 at Expo City Dubai on December 3, 2023 in Dubai, United Arab Emirates. The COP28, which is running from…