Alphabet plans to raise $80B to pay for AI buildout

In Brief Posted: 3:55 PM PDT · June 1, 2026 Google parent company Alphabet said Monday that it plans to raise $80 billion to help pay for the massive AI infrastructure buildout it has planned. Alphabet will sell off that amount in stock and will then use the funds to pay for “general corporate purposes, […]

Burbank laboratory owner jailed after Medicare fraud funded gambling habit

A Burbank blood-testing laboratory owner who used Medicare reimbursement money to support a gambling habit, pay personal expenses and evade millions in taxes has been sentenced to more than four years in federal prison. Armen Muradyan, 60, from California, was ordered to serve 51 months behind bars by U.S. District Judge John A. Kronstadt. The […]

Two arrested in Manchester gambling raid as wider scrutiny grows

Two people were arrested after police and regulators carried out a raid at a suspected illegal gambling venue in central Manchester, according to authorities. The action followed reports that a property on Chester Road had been hosting gambling activity without the licenses required under UK law. Officers from Greater Manchester Police’s City of Manchester team […]

Kalshi launches regulated crypto perpetual futures as US oversight expands

Kalshi is preparing to bring crypto perpetual futures to U.S. traders, making it the first company set to offer the product under Commodity Futures Trading Commission oversight. The move comes as federal regulators put in place a domestic framework for a category of crypto derivatives that has historically been concentrated on offshore platforms. The New […]

Hawthorne creditors seek probe into racing funds amid bankruptcy dispute case

The owners of Hawthorne Race Course and the official committee representing unsecured creditors are asking a bankruptcy judge to authorize an investigation into Illinois Department of Agriculture Director Jerry Costello II over decisions involving horse racing funds. A motion filed May 20 in the Chapter 11 cases of Hawthorne Race Course and related entities seeks […]