The richest person in your town probably isn’t a technology entrepreneur or a hedge fund manager. More likely, it’s the dentist who runs six offices or the HVAC contractor whose trucks you see everywhere, according to economists Owen Zidar and Eric Zwick. These “stealthy wealthy,” as the duo describes them in their new book, “The…
Senior Democratic lawmakers vowed Monday to investigate the new market that has sprung up around President Trump’s pardons, citing CBS News video of lobbyists offering to “put pressure on the president” in exchange for a hefty fee from a convicted felon. “They’ve basically converted the president’s pardon power into a for-profit industry,” said Rep. Jamie…
It was mid-August at the bar inside the plush Ritz-Carlton hotel in Tysons Corner, Virginia, just outside Washington, and Jack Burkman and his business partner Jacob Wohl were making their latest sales pitch. They were seated at a table with Ammon Covino, a convicted felon, and his wife, Crystal. “With this particular White House,…
A federal prosecutor who withdrew from the criminal case against Indian billionaire Gautam Adani shortly after senior Justice Department officials moved to dismiss the charges has been fired, several sources familiar with the matter told CBS News. Andrew Tyler, an acting assistant chief in the fraud section of the Criminal Division, was removed on Tuesday…
WNBA Commissioner Cathy Engelbert is retiring at the end of the year, ending a seven-plus-year tenure that included a lucrative collective bargaining agreement that resulted in the league’s first set of million-dollar player salaries. “Cathy has presided over the WNBA through the most significant period of growth in the league’s 30-year history,” NBA Commissioner Adam…
A Florida company that was established in May won an unusual and potentially lucrative deal to be the only business permitted to stock the commissaries of the Bureau of Prisons’ 118 institutions with flavored nicotine pouches. Undated photo of mindSHFT nicotine pouches Sarah N. Lynch / CBS News The brand of 6-mg pouches being sold…
Ayana Velasquez met Daejon Love, the man federal authorities allege posed as an NFL player and real estate investor to defraud over two dozen women of $1.3 million, through a dating app nearly five years ago. “When I met him in 2021, he portrayed that he wanted to be with me, wanted to give me…
The artificial intelligence jobs boom is exacerbating the gender gap women already face in the technology industry, according to new research from the jobs and networking site LinkedIn, which shows that women are underrepresented among new hires for AI jobs. In the U.S., women candidates accounted for just 26% of hires into jobs that require AI…
A trust company affiliated with the Trump family’s crypto business, World Liberty Financial, has received conditional approval to establish a bank. The Treasury Department’s Office of the Comptroller of the Currency (OCC) on Friday granted preliminary approval to World Liberty Trust Company to establish a bank charter, a move that would allow it to issue…
