U.S. forecaster sees 95% chance of El Nino prevailing through winter
There is a more than 95% chance that El Niño conditions will prevail from December 2023 to February
2023-08-10 21:52
QB Joe Burrow's status unclear as Rams and Bengals meet for first time since Super Bowl 56
The last thing Joe Burrow saw in Super Bowl 56 was Rams defensive tackle Aaron Donald slinging him to the ground to seal a 23-20 win for Los Angeles
2023-09-25 01:37
Vangsgaard scores 90th-minute winner as Denmark defeats China 1-0 at Women's World Cup
Amalie Vangsgaard scored in the 90th minute as Denmark beat China 1-0 at the Women’s World Cup in Perth
2023-07-22 22:33
Markets rally fades as traders nervously await Powell speech
Asian markets drifted between gains and losses Wednesday with traders struggling to maintain momentum from the previous day's much-needed bounce as they contemplate an extended...
2023-08-23 11:17
New Mexico's top election official met with federal prosecutors for 2020 special counsel probe
New Mexico Secretary of State Maggie Toulouse Oliver has spoken with federal prosecutors as part of the special counsel’s probe into the 2020 election
2023-07-15 05:19
Famous Boston actor and comic calls out "spoiled" Patriots fans complaining about Bill Belichick
On the Rich Eisen Show, comedian Bill Burr talked about the New England Patriots, their spoiled brat fans, and reports of firing head coach Bill Belichick.
2023-11-18 02:09
Trump’s Truth Social warns company may be forced to shut down amid huge losses
Truth Social’s parent company lost almost $23m (£18.7m) in the first half of this year alone, according to a new securities filing that raises concerns about its “ability to continue”. The filing released on Monday marks the first time any financial details about Donald Trump’s social media platform have been shared publicly, according to The Hollywood Reporter. Truth Social was launched in February last year after Mr Trump was banned from most social networks in the aftermath of the 6 January 2021 Capitol riots. The former US president – who announced his candidacy for the 2024 elections in November last year – has since returned to X (formerly known as Twitter), but says Truth Social is still his primary social media platform and that he won’t post anywhere else until six hours after he sends a “Truth”. Having Mr Trump on board has not translated into revenue for the platform’s parent company Trump Media & Technology Group (TMTG), however. Over the first half of 2023 it has lost $23m while bringing in only $2.3m in net sales, the filing showed. This has raised doubts about the viability of the company and its social media startup, according to the filing. “TMTG’s independent registered public accounting firm has indicated that TMTG’s financial condition raises substantial doubt as to its ability to continue as a going concern,” the company noted in the filing. The company said the “management has substantial doubt that TMTG will have sufficient funds to meet its liabilities as they fall due, including liabilities related to promissory notes previously issued by TMTG”. The remarks were made in its assessment of business till the end of December last year and as of 30 June 2023. Concerns have also been raised over Digital World Acquisition Corporation (DWAC), a Special Purpose Acquisition Company (SPAC), that had some years ago announced plans to merge with TMTG. An SPAC is a shell corporation which raises money by listing itself on a stock exchange with the aim of using the funds for a merger with a different and usually more well-known entity. The filing said DWAC has “until 8 September 2024 to consummate a business combination”. It raised concerns that both TMTG and DWAC may not survive unless this merger is completed. “It is uncertain that Digital World will be able to consummate a business combination by this time. If a business combination is not consummated by this date, there will be a mandatory liquidation and subsequent dissolution of Digital World,” the filing said. “TMTG believes that it may be difficult to raise additional funds through traditional financing sources in the absence of material progress toward completing its merger with Digital World,” the filing further said. “A number of companies that had licence agreements with President Trump have failed. There can be no assurances that TMTG will not also fail,” the filing said. TMTG also cited a number of risks to its business in the new filing, including a dedicated section titled “Risks related to our chairman, president Donald J Trump”. The section lists his ongoing legal hurdles. “TMTG’s success depends in part on the popularity of its brand and the reputation and popularity of its chairman, president Donald J Trump,” the filing said. “The value of TMTG’s brand may diminish if the popularity of President Trump were to suffer. Adverse reactions to publicity relating to President Trump, or the loss of his services, could adversely affect TMTG’s revenues, results of operations and its ability to maintain or generate a consumer base.” Read More Return of original Fortnite map causes record traffic on Virgin Media O2 network Elon Musk unveils new sarcasm-loving AI chatbot for premium X subscribers Elon Musk mocks politicians at AI summit Tesla to offer ‘beast mode’ version of Cybertruck with bulletproof panels X now valued at $19bn – less than half of what Elon Musk paid for it Solar panel world record smashed with ‘miracle material’
2023-11-14 15:56
Alexa Chung ‘happy’ she inherited glossy locks from her Asian dad and English mum
While reflecting on her early looks with thick, uncontrollable hair, Alexa Chung has said she is ‘happy’ she inherited glossy locks from her Asian dad and English mum.
2023-08-24 16:15
NATO keeps eye on Moldova's skies as European leaders gather
By John Irish and Andrew Gray BULBOACA, Moldova NATO will monitor the skies over Moldova as more than
2023-06-01 12:09
Bagnaia masters Mugello to complete 'one of best weekends'
Francesco Bagnaia won the Italian MotoGP to extend his lead in the world championship and complete "one of the best weekends of my life" at his...
2023-06-11 22:31
Guatemala court permanently blocks suspension of Seed Movement party ahead of Sunday's election
Guatemala’s Supreme Court of Justice has granted a permanent injunction to the party of progressive presidential candidate Bernardo Arévalo
2023-08-19 10:32
Marshawn Lynch Wore a Comically Huge Chain to the Home Run Derby
Everyone loves Marshawn Lynch. Especially in Seattle.
2023-07-11 22:21
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