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Kanye West’s billionaire status is erased after Adidas nixes deal

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The musician is no longer a member of the ten-digit club following his antisemitic remarks

On Tuesday, Forbes confirmed that Ye has lost his billionaire status as multiple companies are distancing themselves from the rapper, who has won 24 Grammy Awards.

The Adidas deal helped make Ye a billionaire and aided the German sportswear company in having a more edgy appeal.

However, the collaboration could not survive the recent outcry over the rapper’s offensive and antisemitic remarks.

In making the decision to immediately stop production of its line of Yeezy products and stop payments to Ye and his companies— Adidas says it expects to take a hit of up to $246 million to its net income for 2022.

Forbes estimated that Adidas accounted for $1.5 billion of Ye’s net worth effectively kicking him out of the ten-digit club.

The split-up comes on the heels of Gap Inc. announcing in September it would dissolve their partnership with West.

Additionally, according to reports, the talent agency CAA has dropped West as a client.

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

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Trump and Netanyahu outline bold Middle East peace plan

Trump and Netanyahu unveil a Middle East peace plan; explore implications for hostages, ceasefire, and regional dynamics.

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Trump and Netanyahu unveil a Middle East peace plan; explore implications for hostages, ceasefire, and regional dynamics.


President Trump and Israeli Prime Minister Benjamin Netanyahu have unveiled a new plan to end the war in the Middle East. The announcement sets out an ambitious path that could reshape negotiations and redefine the region’s future.

In today’s episode, we explore what this plan means for hostages, the prospects for a ceasefire, and the risks of legitimising groups like Hamas. Rabbi Abraham Cooper of the Simon Wiesenthal Center joins us to break down the key messages and the global response.

Could this be a turning point, or just another failed attempt at peace? We look at the stakes for Jewish communities worldwide, the message it sends to other leaders in the region, and whether this moment rewards terrorism or sets a path for justice. Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#MiddleEast #PeaceDeal #Trump #Netanyahu #Hamas #Israel #TickerNews #GlobalPolitics


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Diddy sentenced to over four years for prostitution charges

Sean ‘Diddy’ Combs sentenced to over four years in prison for prostitution-related charges stemming from drug-fueled sex performances

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Sean ‘Diddy’ Combs sentenced to over four years in prison for prostitution-related charges stemming from drug-fueled sex performances

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In Short:
– Sean Combs sentenced to 50 months in prison for prostitution-related charges involving male escorts.
– Combs expressed remorse and plans to appeal the sentence, citing parental plea for leniency.
Sean “Diddy” Combs has been sentenced to over four years in prison following his conviction for prostitution-related charges.
The sentence of 50 months was handed down by U.S. District Judge Arun Subramanian in Manhattan federal court. Combs, aged 55, was found guilty after a jury determined he arranged for male escorts to travel across state lines for drug-fueled sexual performances with his girlfriends.Banner

Combs faced a maximum of 20 years but was acquitted of more severe charges, including racketeering, that could have led to a life sentence.

The allegations included claims that he coerced his girlfriends into participating in these encounters through threats and violence. Combs, who has been incarcerated since his 2024 arrest, is expected to appeal.

Emotional Statements

During the sentencing, Combs expressed remorse and stated he had learned his lesson. He acknowledged past abuses but maintained that the performances were consensual. His legal team argued for a reduced sentence of 14 months, citing his prior time served, while prosecutors advocated for a more extended sentence, highlighting the seriousness of the abuse.

Combs’ children also spoke during the proceedings, requesting leniency from the judge, stating that he had improved since his arrest. They pleaded for their father’s presence in their lives, with his daughter emotionally addressing the court.

The case has drawn significant media attention, marking Combs as a prominent figure facing serious charges in the entertainment industry.


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Hamas agrees to hostages release under peace conditions

Hamas agrees to release Gaza hostages contingent on peace agreement, as Trump urges Israel to halt bombings during negotiations

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Hamas agrees to release Gaza hostages contingent on peace agreement, as Trump urges Israel to halt bombings during negotiations

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In Short:
– Hamas is willing to release hostages but needs clarity on Trump’s peace plan.
– Negotiations continue, with Hamas requesting changes to disarmament and Israeli withdrawal terms.

Hamas has indicated a willingness to release the remaining hostages in Gaza, contingent on conditions linked to a broader peace agreement. The group’s response to mediators did not provide clarity on many aspects of President Trump’s 20-point peace plan.Hamas expressed gratitude for Trump’s peace efforts but sought specifics on issues like the timeline for Israeli withdrawal from Gaza and assurances regarding the cessation of hostilities.

Trump welcomed the dialogue, urging Israel to pause its military actions while negotiations progress, which may exceed the Sunday deadline he set for a deal.

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The group has agreed to release all prisoners associated with the occupation as part of Trump’s exchange proposal. However, Hamas maintains that discussions on Gaza’s future and the rights of the Palestinian populations require an inclusive Palestinian framework.

Reports suggest that 20 of the 48 hostages are still alive. Senior Hamas official Mousa Abu Marzouk stated that the group needs further negotiations before committing fully to Trump’s plan and indicated that releasing the hostages in 72 hours is unrealistic.

Ongoing Negotiations

Trump’s peace initiative aims for the release of all hostages and proposes a transitional governance board for Gaza. While Hamas has shown some willingness to support the plan, it insists on modifications, particularly around disarmament and the withdrawal of Israeli forces.

Complexities within Hamas’s leadership further complicate consensus on the deal, as previous U.S. attempts to persuade the group have faltered.


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