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Chriss W. Street

Chriss W. Street

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Judge: Facebook Must Face Fraud Suit in 2012 IPO

A federal judge has ruled that Facebook must face two class action lawsuits claiming the company concealed slowing ad growth in its initial public offering (IPO) in 2012, and helped its underwriters make a $2.4 billion profit by shorting 63 million shares on inside information.

China crash (Andy Wong / Associated Press)

China New Year: Stocks Crash, Gold Jumps

China welcomed the New Year with a 7 percent stock market crash that was so intense that government authorities suspended trading across the nation. Markets around the world plunged, with Asia and Europe down -3 percent, U.S. markets down 1.7

John Moore/AP

Saudi Arabia Pumps Oil Before Iran Sanctions Lifted

Fearing a flood of crude oil when the Iran sanctions are lifted in the next few months, Saudi Arabia is pumping an extra 1.5 million barrels a day and signing long-term export contracts at low prices in a desperate effort to grab cash flow and avoid bankruptcy.

AP Photo

El Niño Killing Machine Just Warming Up

The El Niño killing machine that slaughtered 41 across the South in violent storms this week is just warming up for a crescendo of death, destruction, and misery that is expected to arrive over the next three months.

Pennies (Tim Boyle / Getty)

Sorry, America is Now Broke

Google Consumer Surveys found that almost two-thirds of Americans are “savings poor,” with less than $1,000 in their savings accounts. About one in five are so broke they have nothing saved.

Elon Musk (Scott Olson / Getty)

Elon Musk, SpaceX Launch Era of Space Militarization

The December 21 reusable recovery of a SpaceX’s Falcon 9 rocket has improved the economics of commercial activity in space, but it has fundamentally changed the military balance of power and, perhaps inadvertently, launched the era of space militarization.

Originally published in The Illustrated London News, January 9, 1915.

The Illustrated London News's illustration of the Christmas Truce: "British and German Soldiers Arm-in-Arm Exchanging Headgear: A Christmas Truce between Opposing Trenches" The subcaption reads "Saxons and Anglo-Saxons fraternising on the field of battle at the season of peace and goodwill: Officers and men from the German and British trenches meet and greet one another—A German officer photographing a group of foes and friends."

101 Years Ago Today, Christmas Truce Halted World War I

One hundred and one years ago, the Christmas Truce of 1914 was a spontaneous cease-fire and a day of Christian brotherhood for both sides of the No Man’s Land along the Western Front. The event was kept secret by senior military officers and government censors as an embarrassing breakdown in military discipline.

Jerry Brown climate change (Damian Dovarganes / Associated Press)

Jerry Brown: Another Energy Conflict of Interest

The web of potential conflicts of interest associated with Jerry Brown widened with news that the California governor’s sister is a paid board member of America’s largest natural gas utility–which is leaking 500,000 metric tons of CO2 a month.

Barack Obama pauses as he delivers a statement, after a shooting at a community college in Oregon that left up to 10 people dead, in the Brady Briefing Room of the White House in Washington, DC on October 1, 2015. A 20-year-old gunman opened fire inside a classroom at Umpqua Community College in rural Roseburg, before being 'neutralized' by police, authorities said. He was later confirmed dead. AFP PHOTO/MANDEL NGAN (Photo credit should read

NBC/WSJ Poll: Obama Falls to 43% as Terror New #1 Issue

The latest NBC News/Wall Street Journal poll reveals that following the San Bernardino terrorist attack, 70 percent of Americans now believe the nation is headed in the wrong direction and only 43 percent approve of Barack Obama’s job performance as president.

Sebastian Nystrom

VC Investors want Business Plan–and Funeral Plan

Venture capital investors love business plans that promise terrific upside, but they increasingly want a “funeral plan” in writing that explains what the entrepreneur can and will do if their start-up suffers from business problems or slow growth.