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Bessent’s $4 billion bond plan is like ‘rearranging deckchairs on the Titanic given the U.S. national debt of $40 trillion,’ ING says
Everything you need to know before you reach the office this morning.
Crypto bank part-owned by Trump family offers depositors way to ‘gain favor’ with White House, experts say
Democrats have called World Liberty Trust Company a stark example of corruption but officials claim there is no insider dealingTwo fundamentals underpin the business model of a ne…
We are finally witnessing the decline of corporate Democrats | Robert Reich
Americans are backing progressives not because they want socialism, but because they want candidates who will fight for the working classMost discussions about the Democratic part…
AI won’t fix a broken company. Rewiring it will
Picture a railroad that spends billions on the fastest trains in the world, then runs them on the same aging rails. The tracks are the constraint.
Zynga founder Mark Pincus: AI can get you to a B-plus, but it won’t get you to an A
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Sales of trainers dive as cost of living pressures hit JD Sports performance
Inflation deterring shoppers from spending, especially in the US, says sportswear fashion chain Sports fashion retailer JD has slashed its profit forecasts as cost-of-living press…
Amazon can’t quit Bezos’ drone dream
In today's edition: Amazon drones, Stripe OpenRouter, Google Marvell deal, Meta trial, OpenAI IPO, SpaceX Cognition, YouTube v Netflix, Rivian spinoff Also
Venezuela oil minister to U.S. companies: ‘It’s an entire world waiting to be discovered’
Smaller, private U.S. oil producers are beginning to ink deals in Venezuela as the dilapidated energy industry evolves.
Meta faces a $1.4 trillion threat that could mean ‘turning in the keys and walking away’—but the stakes of the case reach across tech
The $1.4 trillion figure may be unlikely, but the case could give states a new way to challenge how social media platforms are designed.
Teachers in one of San Francisco’s richest suburbs are so underpaid that a philanthropist just gave each of them $9,161
Local philanthropist Maja Kristin donated $1 million to fill the gap in teacher salaries.
Companies are spending trillions on AI. The C-suite doesn’t know who is in charge of it
Boards, CEOs, and the executives who report to them are sharply divided on who owns AI.
Relax, everyone: Elon Musk has a mantra to make the climate crisis go away | Emma Brockes
It’s simple, says the SpaceX boss – according to something called the ‘Kardashev scale’, we just have to move energy production ‘off-planet’Next time the weather gives the UK 61 d…
In this economy, millennials and Gen Z would rather break up than date someone in debt: ‘There’s a pretty big divide’
Nearly half of Americans say a partner's debt is a dealbreaker, and younger generations are the pickiest of all.
‘Buyers aren’t yet opening their wallets’: AI-generated assets are flooding marketplaces, but consumers are snubbing them for human-made products
In 3D model marketplace CGTrader, AI-generated assets made up one-sixth of newly uploaded models, but just 2.6% of sales.
Oxfam ‘can’t guarantee future’ of charity shops as it also reviews warehouse business
Dwindling donations and stiff competition from secondhand sellers online prompt review but ‘no plans for closures yet’Oxfam is reviewing the operations of its three warehouses in …
Drill Andy drill? Burnham’s North Sea dilemma – podcast
Helena Horton on why the government may decide to allow more oil and gas drilling in the North SeaThe government is considering whether to allow new oil and gas drilling at two si…
Amazon isn’t giving up on Jeff Bezos’ drone deliveries dream—and after 13 years of turbulence, the momentum is finally shifting
The e-commerce giant announced it is expanding drone delivery to nearly 500 U.S. cities and towns by the end of this year, a sixfold increase from its current capabilities.
Bitcoin posts surprise rally as currency nears $70,000 for the first time since June
The U.S. Treasury’s bond-buyback announcement helped send Bitcoin up nearly 6% with one analyst saying a broader recovery may be afoot.
Google and the UK think changing flights paths could cut down on climate change
A 30-month, $6.76 million trial will nudge hundreds of flights off course over the Atlantic to test whether contrails can be engineered away.
Pentagon pushes ‘zero tolerance’ audit on foreign university partnerships that ‘compromise our national security’
Schools must complete a review and terminate arrangements deemed problematic—or face funding losses.
Geopolitical risk needs to move away from the ‘after-dinner speaker’: Eurasia Group and Rio Tinto’s Dominic Barton
Eurasia Group counselor Dominic Barton says corporate leaders can no longer treat geopolitics as a boardroom sideshow amid tariffs and new restrictions.
The new head of America’s top children’s hospital sees ‘the dawn of a new era’ for kid cancer treatment
St. Jude CEO Dr. Charles W. M. Roberts said he believes this is a "once-in-a-lifetime opportunity" to achieve the dream of treating cancer in children.
Thousands of pounds of squid spilled on Rhode Island highway – video
The Rhode Island town of Narragansett was left with a very smelly cleanup over the weekend after thousands of squid spilled over the highway. The incident happened on Sunday morni…
Trump threatens to bomb Oman, widening the war that crippled the global economy
The oil chokepoint is under fire from multiple directions as Trump pushes Oman for a tougher line on Iran shipping traffic.