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DOJ Launches Investigation into Sexual Assault Allegations Against Eric Swalwell
DOJ Launches Investigation into Sexual Assault Allegations Against Eric Swalwell
The U.S. Department of Justice has opened a criminal investigation into multiple sexual assault and misconduct allegations against former Rep. Eric Swalwell (D-Calif.), federal officials confirmed Thursday, marking the latest escalation in a scandal that has already forced the longtime congressman to resign from the House and suspend his bid for California governor.
Swalwell, who represented California's 14th District since 2013, stepped down from Congress on Tuesday amid bipartisan pressure and a House Ethics Committee probe into claims that he engaged...
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May 20, 2026 / Tyler Durden
Meta Axes 8,000 Workers As Zuckerberg Admits AI Is Watching, Replacing Labor
Meta Axes 8,000 Workers As Zuckerberg Admits AI Is Watching, Replacing Labor
Welcome to another day of corporate America hemorrhaging engineers and other white-collar workers with insurmountable student debt as AI adoption accelerates. This era will likely be remembered in history as the great "white-collar purge," and the response will be continued hatred of data centers.
We've been covering for weeks that today is D-Day for Meta Platforms employees, who have finally learned their employment fate at the company that owns Facebook and Instagram.
Bloomberg reports that the new round of...
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Sep 4, 2026 / Tyler Durden
Pimco's Top-Performing 60/40 Fund Bets AI's Next Winners Are In Asia, From Chips To Rare Earths
Pimco's Top-Performing 60/40 Fund Bets AI's Next Winners Are In Asia, From Chips To Rare Earths
Emmanuel Sharef, who oversees Pacific Investment Management Co.'s flagship Balanced Income and Growth Fund, spoke with Bloomberg about how the next leg of the artificial-intelligence boom could be concentrated in Asian stocks and beyond.
Wealthy clients in Taiwan, Hong Kong, Singapore, and mainland China have been piling into the $19 billion fund, which has outperformed 97% of its peers during the past three years.
The fund is underweight most hyperscalers and members of the Magnificent Seven...
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May 28, 2026 / Tyler Durden
DOJ Launches Criminal Probe Into E. Jean Carroll Over Alleged Perjury In Trump Lawsuits
DOJ Launches Criminal Probe Into E. Jean Carroll Over Alleged Perjury In Trump Lawsuits
The Department of Justice has opened a criminal investigation into E. Jean Carroll, the veteran advice columnist and author who won two major civil lawsuits against President Donald Trump, CBS News reports. Carroll accused Trump of sexually abusing her in a Bergdorf Goodman dressing room in the mid-1990s and then defaming her when he denied the encounter ever happened.
The probe focuses on Carroll's 2022 deposition. She stated under oath that no outside parties were helping fund her...
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