Comment on Scheme by Fluid Truck defrauded investors of $11M, lawsuit says

The long-standing home-improvement wholesaler says its 4,500 locations will stay open as the company sells its operations to rival Do It Best. A long-standing hardware wholesaler, True Value, is filing for bankruptcy.

The AI chipmaker’s share price is now up 187% year-to-date, for a market cap of nearly $3.4 trillion as the company closes in on Apple’s top spot. Chipmaker Nvidia’s stock may just be the hottest thing on the stock market—and as share prices rise, it’s getting closer to becoming the most valuable company in the world.

Its Wayback Machine, which lets users view old versions of websites, is back in a read-only manner. The Internet Archive is back online after new of a cyberattack took out its digital library and popular Wayback Machine on October 9.

An investor in Fluid Truck, the Denver-based vehicle rental startup, has accused its founders of masterminding a “corrupt, unlawful and unconscionable scheme” to take more than $11 million from vehicle owners and then file for bankruptcy to get away with their “naked theft.” “Simply put, Fluid Truck is stealing from its vehicle owners to fund its ongoing operations,” says Tim Urban, an entrepreneur in Littleton who is suing on behalf of 100 investors. A spokeswoman for Fluid Truck, Emily Allen, declined to discuss those theft claims. “While we cannot comment on pending litigation, our vehicle owners are our top priority and we continue to focus on addressing their needs and driving success for them,” she said. The company was founded in Denver in 2016 as Fluid Market, an Uber-for-everything app that allowed users to rent a vast assortment of household items and vehicles.

The S&P 500 hit its 46th record close of the year on Monday. Lucky-photographer/ShutterstockUS stocks hit record highs on Monday as investors get ready for a wave of earnings reports. Over 80 S&P 500 companies, including Netflix and Goldman Sachs, report earnings this week. Fed Governor Waller advised caution on future rate cuts.

Nassim Taleb. Mohd Zakir/Getty Images"The Black Swan" author Nassim Taleb says he's focused on hedging against a market collapse. He said the market is flashing parallels to prior crashes, noting that it is the most fragile in 20 years. He pointed to risks like high debt levels and "crazy" stock prices in an interview with Bloomberg.