Meta to scrap crypto initiative amid clash with Fed: report

Meta to scrap crypto initiative amid clash with Fed: report

Mark Zuckerberg’s controversial cryptocurrency initiative is dead in the water amid resistance from the Federal Reserve — and Meta is now looking to sell off its crypto assets altogether, according to a report.  The Diem Association — a crypto project formerly known as “Libra” that has been backed by the parent company of Facebook and … Read more

El Salvador urged by IMF to drop bitcoin as legal tender

El Salvador urged by IMF to drop bitcoin as legal tender

The International Monetary Fund is urging El Salvador to drop its controversial embrace of bitcoin as its legal tender, saying it “entails large risks” for the Central American nation’s economy. The IMF made the recommendations after it held negotiations with El Salvador — whose government is asking for a $1.3 billion loan to help pay … Read more

Carmaker Bentley shifting to all-electric lineup by 2030

Carmaker Bentley shifting to all-electric lineup by 2030

British luxury car manufacturer Bentley is making a sizable investment to fuel its transition to an all-electric vehicle lineup, the company said Wednesday. Bentley announced it will invest £2.5 billion – the equivalent of $3.4 billion – on the development of electric vehicles over the next 10 years. The carmaker will produce its first electric … Read more

Elon Musk nudges McDonald’s to accept Dogecoin

Elon Musk nudges McDonald's to accept Dogecoin

If Elon Musk gets his way, McDonald’s will become the latest company to jump onto the Dogecoin bandwagon. Musk, a noted Dogecoin fan, called Tuesday for McDonald’s to accept the meme token as a legitimate form of payment for burgers and fries. The billionaire offered to provide McDonald’s with some publicity if they agreed to … Read more

Uncle Jack’s Steakhouse wants you to tip the kitchen staff

Uncle Jack's Steakhouse wants you to tip the kitchen staff

Frustrated that you haven’t been able to tip the kitchen staff at restaurants in addition to tipping your waiter? Willie Degel is betting the answer is yes. The owner of Uncle Jack’s Steakhouse — a former Food Network star who appeared in the reality show “Restaurant Stakeout” – says he’s in talks with his point-of-sale … Read more

Coca-Cola, Molson Coors unveil alcoholic lemonade drink

Coca-Cola, Molson Coors unveil alcoholic lemonade drink

Coca-Cola and beer maker Molson Coors have banded together to roll out a new lemonade-flavored alcoholic drink. Simply Spiked Lemonade will hit store shelves this summer with each variety pack containing four flavors — lemonade, strawberry lemonade, watermelon lemonade, and blueberry lemonade. The drinks will be offered in 12-ounce slim cans while other select flavors … Read more

Google must face location-privacy lawsuit in Arizona, judge rules

Google must face location-privacy lawsuit in Arizona, judge rules

Allegations that Alphabet Inc.’s Google deceived users with unclear smartphone location tracking settings should be weighed by a jury, an Arizona judge ruled on Tuesday, refusing to toss out a lawsuit brought by the state’s attorney general. Google had sought summary judgment to get the case against it thrown out at an early stage. It … Read more