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UPDATE: Actually, No, That 17-Year-Old Didn't Make $72 Million From Trading Stocks! In Fact, It Was All A Lie.

| Filed under: Business BlitzSchool

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UPDATE: Islam told the New York Observer that his entire story was fabricated. The coverage he received was "hyped up beyond belief." Islam says his dad wants to disown him and his mom said she'd never talk to him again.

You know how we reported on that 17-year-old who made $72 Million from trading stocks early Monday?

Well, it turns out that might all be a lie!

While Mohammed "Mo" Islam DOES have $72 Million in his bank account, we're hearing most of that might just be from

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Who Had The Most Money Making Tour Of 2014?? Was It Beyoncé, Katy Perry, Or One Direction!?

| Filed under: Music MinuteBeyonceKaty PerryBusiness BlitzOne Direction

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Who had the best year in music?

While there are a ton of signifiers for who had the best year in music, one of the easiest ways to tell is by concert tickets.

Plenty of artists took to the road in 2014, but only one act could land the top spot as the most money-making tour of the year!

So, between Katy Perry, One Direction, Beyoncé, and all of the other concerts out there, who made the most money?

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Mama June & Sugar Bear BOTH Turn Down Vivid Entertainment's $1 Million Sex Tape Offer!

| Filed under: Business BlitzSexHoney Boo Boo

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Ya'll can breathe easily now!

The sex tape between Mama June and Sugar Bear isn't happening. We repeat, it's not happening!

Over the weekend, the world almost exploded when they found out Vivid Entertainment was offering June and Sugar $1 million to record a sexy video…

[ Related: Mama June & Sugar Bear Sex Tape Deal ]

However, Honey Boo Boo's momma put her foot down and said she would never consider that! No matter how much money is being offered!

The 35-year-old said:

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Selena Gomez Signs A New Record Contract! More New Music On The Way!

| Filed under: Music MinuteSelena GomezBusiness Blitz

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Yassss!

Selena Gomez has officially signed a new record contract, and you know what that means!

More Selena music is on the way!

[ Video: Selena Gomez Is A Heartbroken Angel At The AMAs!! Watch The Performance HERE! ]

The Come And Get It singer shared the news that she was signing with Interscope on her Instagram, writing:

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Sony Lawyers Up! Demands News Agencies Stop Using All Stolen Data For Stories OR ELSE!!

| Filed under: Film FlickersLegal MattersSad SadBusiness BlitzSony

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By now, if you haven't heard about the big Sony hack, you must be living under a rock or in North Korea (which was thought to have been involved)!

Sony Pictures Entertainment has finally lawyered up and sent a letter to news organizations (from blogs, all the way up to The New York Times) warning them against using any "stolen information" revealed by hackers.

The letter demands any documents downloaded should be avoided and destroyed.

Their lawyer, David Boies, wrote:

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High School Student Is Worth $72 MILLION After Trading Stock During Lunch Breaks? Meet The Teen Wolf of Wall Street…

| Filed under: Business BlitzAmazingCrazzzzySchool

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Mohammed "Mo" Islam, 17, is a high student at New York's prestigious Stuyvesant High School.

He's also a multimillionaire and not even legally an adult.

He's apparently a real life teen Wolf of Wall Street… that just gave us a great idea for a crossover film about a young, stock trading werewolf…

Anyway, Mo allegedly has made around $72 million trading stocks in crude oil futures and gold futures during his lunch breaks! That's nuts!!

[ Related: Mark Zuckerberg Talks Potential Facebook 'Dislike' Button… ]

He's bought himself a

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