(Bloomberg) — Alibaba Group Holding Ltd.’s largest individual shareholders Jack Ma and Joe Tsai pledged parts of their combined $35 billion stake in the e-commerce giant in exchange for significant loans from banks, the Financial Times reported, citing company documents. The share pledges were made by offshore companies controlling more than half of the duo’s stake in Alibaba, which stood at 5.8% as of December, according to the FT. The documents didn’t disclose the amount of the share… Source link

Elon Musk, the world’s second-richest man, told Twitter he rented a $50,000 house in Texas. He’s speculated to be living in a prefabricated home made by the housing startup Boxabl. The billionaire appears to be keeping a promise he made in May last year to “own no house.” Visit Insider’s homepage for more stories. Tesla CEO Elon Musk – the world’s second-richest man, with a net worth of about $185 billion – said in a tweet in June that he rented a home in Boca Chica, Texas, that costs $50,000. On… Source link

WASHINGTON — The Department of Homeland Security is warning of a possible violent militia rally on July 4 in Washington, D.C., according to a law enforcement document obtained by Yahoo News. The report, dated July 1 and produced by the Department of Homeland Security’s Office of Intelligence and Analysis, says that FBI reporting indicates that suspected violent extremists may be planning to attend a large public gathering for the July 4 holiday on Capitol Hill. As of mid-June, a private… Source link

The financial management fund appointed to help oversee Britney Spears’ estate wants to be removed. (Getty) The financial management fund appointed to help oversee Britney Spears‘ estate has asked to be withdrawn from the role.  It’s another development in the controversial conservatorship of the pop star, who described the situation as “abusive” in a testimony last week.  The Bessemer Trust had been appointed as co-conservator of her financial affairs along with her father Jamie… Source link

The price of the world’s biggest cryptocurrency declined again on Friday. Photo: Liu Junfeng/Costfoto/Sipa USA Bitcoin (BTC-USD) looked set to register a weekly price decline, as the world’s biggest cryptocurrency lost value yet again on Friday morning. Bitcoin was down 1.4% against the dollar in early trade to reach $33,067 (£24,042). The early weakness raised the prospect of a third straight day of price declines for bitcoin, which is now below the $34,294 mark it started the week at. Other… Source link

Reuters Tesla top-of-range car caught fire while owner was driving, lawyer says A Tesla Inc Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three days after the $129,900, top-of-the-range car was delivered following its June launch, an attorney for the driver told Reuters. The driver, identified as an “executive entrepreneur”, was initially not able to get out of the car because its electronic door system failed, prompting the driver to “use force… Source link

The Los Angeles Dodgers won their first World Series since 1998, and now they’ll be the first champion sports team to visit the White House under President Joe Biden. Dodgers manager Dave Roberts told reporters on Thursday that the team will visit the White House on Friday amid a road series against the Washington Nationals, according to MLB.com’s Juan Toribio. The team already got a taste of a political visit with the presence of Second Gentleman Douglas Emhoff in the clubhouse before… Source link

Sha’Carri Richardson won the 100m at the Olympic Trials last month in just 10.86 seconds, and was expected to compete for a Gold medal in Tokyo. (Patrick Smith/Getty Images) American sprinter Sha’Carri Richardson, a medal favorite in the 100-meter dash at the upcoming Olympics, tested positive for marijuana last month and won’t be able to run her signature race at the Tokyo Games. The U.S. Anti-Doping Agency announced Friday morning that Richardson had accepted a one-month suspension after… Source link

A tandem parasailer hovering just above the water surface of the Red Sea sustained injuries when a shark leaped out of the water and bit his foot in a bizarre attack in the Gulf of Aqaba. The incident occurred last Friday off the Jordanian port city of Aqaba, as reported by the Daily Mail and The U.S. Sun. The 37-year-old Jordan man, who wasn’t identified, was taken to Prince Hashem Military Hospital where he underwent an operation on his right foot. He lost part of the back of his foot and… Source link

As of July 1, Yahoo Fantasy Sports can no longer offer paid fantasy sports contests in the state of Connecticut due to recently passed legislation. All free Yahoo Fantasy Sports experiences will continue to be available to Connecticut residents. As part of Yahoo Sports, we have delivered fantasy sports games to users since 1999. From the beginning, our fantasy sports offerings have been designed and built with the goal of engaging and delighting our users. We want users to play on Yahoo with… Source link