Business

Maryland Auction House Condemned for $1.1m Hitler’s Gold Watch Sale

  • A Maryland auction house has told Adolf Hitler’s watch for $1.1 million.
  • An open letter from 34 Jewish leaders said the auction, which included other Nazi memorabilia, is an “indictment to society.”
  • They said the auction overrides the “memory, suffering and pain … for financial gain.”

A gold watch given to Adolf Hitler has sold for $1.1million at a Maryland auction house.

Details on the auction house website state that the watch also features two dates, April 20, 1889, Hitler’s birthday, and the second date, January 30, 1933, being the day the genocidal dictator became Chancellor of Germany.

Jewish leaders wrote an open letter condemning Alexander Historical Auction House for the sale of the watch as the star lot in a large sale of Nazi memorabilia. It features a swastika, a Nazi eagle emblem (known as the reichstadler), and the initials AH.

According to the catalog

Business

Mega Millions drawing: Illinois Speedway gas station that sold winning ticket in line for big commission

The Illinois Speedway location where the winning Mega Millions lottery ticket was sold stands to benefit from the sale.

A ticket-holder in the state clinched the $1,337 billion Mega Millions jackpot there Friday night.

An employee at the Speedway gas station on East Touhy Avenue in Des Plaines, Illinois, confirmed to FOX Business Saturday the business had gotten the call about the winning ticket from the Illinois Lottery.

“So, obviously it’s a shock, but I’m happy that somebody from Illinois was able to win it,” the employee said.

MEGA MILLIONS WINNING TICKET SOLD IN ILLINOIS IN $1.28B JACKPOT

According to the Illinois Lottery, businesses receive a 1{2bf522bcdc8ba51159d5205fc2be549bd4c5028a3d44797ff18fd67e8b5848d5} commission on jackpot and top prize drawings and scratch games up to $500,000.

Speedway in Des Plaines, Illinois, where Mega Millions winning ticket was sold

A Mega Millions jackpot winning ticket was purchased at a Speedway location in Des Plaines, Ill., Friday, July 29, 2022. (Google Street View /

Business

Intel Kills Optane Memory Business Entirely, Pays $559 Million to Exit

Update 08/02/2022 12:30am PT: Intel reached out to clarify that it would bring the next-gen Crow Pass Optane memory DIMMs to market and will use its existing inventory to fulfill orders. This wasn’t clear from Intel’s previous statement because this is technically a future product. We have clarified that point in the below text.

Original Articles:

Intel’s Q2 2022 earnings report today was uncharacteristically disappointing, but it also hides a new announcement: Intel is winding down its Optane business entirely. During the earnings call, Intel CEO Pat Gelsinger clarified the vaguely worded announcement in the earnings documents, confirming that Intel will wind down its Optane business. The move incurs a $559 million inventory impairment/write-off. We reached out to Intel for comment on the matter:

“We continue to rationalize our portfolio in support of our IDM 2.0 strategy. This includes evaluating divesting businesses that are either not profitable or not core

Business

The Big Business of Burying Carbon

Applicants for EPA carbon-storage permits must persuade the agency that they can contain both the plume of injected carbon dioxide and a secondary plume of saltwater that the CO2 displacements from the rock—what drilling engineers call the pressure pulse. The EPA requires evidence that neither plume will contaminate drinking water while a project is operating and for a default period of 50 years after CO2 injection stops—but the agency can decide to shorten or lengthen that for a particular project.

Stream employs a well-heeled team, including oil industry veterans and a former top EPA official, to shepherd the permit application, which was submitted in October 2020 and which remains, nearly two years later, under agency review. Inside his company, Stream dubbed the carbon-storage play Project Minerva, after the Roman goddess of wisdom (and sometimes of war).

Heading up the technical work is a British petroleum geologist named Peter

Business

Here’s Why You Should Wait Until After You’ve Started Your Business to Acquire the Correct Skills

Opinions expressed by Entrepreneur contributors are their own.

“But I’m not an expert. I have no degree or credentials. How can I start a business? No one will take me seriously, let alone pay me.”

I hear this all the time from my students. I patiently remind them that I’m a high school dropout, and on paper, my only qualification to manage Facebook and Google ads is the fact that I run a seven-figure agency that manages Facebook and Google ads.

It usually doesn’t sink in, so I refer them to a recent Wall Street Journal article that tells the all-too-familiar story about a group of graduates who can’t secure a high-paying job. This particular story, however, shares the struggles of students enrolled in the MFA filmmaking program at Columbia University, the prestigious Ivy League school in New York. These students took on six figures of debt to obtain an

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