Business / Finance
Jimmy Wales: ‘AI can generate answers. It still can’t earn trust’
The leadership lesson of Wikipedia.
Parents 'watering down baby milk' over high costs
Moorside Baby Bank say parents are turning to unsafe practices over the rising cost of essentials.
‘We detected unusual activity’: the scam that uses AI to exploit your holiday photos
Fraudsters use pictures posted on Instagram or Facebook to create emails seeking bank account detailsYou are on a short break in Porto and post some pictures of your family on Ins…
The weekend is 100 years old – but have ‘skiveday Fridays’ and hybrid working ruined it for everyone?
In 1926, Henry Ford gave his employees both Saturdays and Sundays off – and the two-day chunk of time to party, pray or simply do nothing was born. Now it’s changed beyond recogni…
New UK cost of living crisis looms with soaring energy bills forecast to lift inflation
Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout British households are facing a renewed cost of liv…
Seven ways college students can manage their finances — because money decisions impact financial security when starting a first job after graduation
If you’re starting college this fall or you’re currently a student, here are some expert recommendations.
Harvard fund discloses $2.2 billion stake in Musk’s SpaceX
Others that have profited include the University of California’s investment arm as well as the University of North Carolina and Washington University in St. Louis.
Alibaba AI models hit 3 billion downloads, passing Meta, Google
Qwen, Alibaba’s family of AI models, has open-sourced more than 460 models and its ecosystem has spawned 300,000-plus derivatives.
Scott Bessent fired a currency bazooka, but global finance still looks like a ‘giant Jenga tower’ propped up by a Japanese yen that’s in deep trouble
"Now traders are watching the 'yen carry trade,' where cheap yen borrowing funds bets on higher-yielding assets worldwide, and wondering if it’s about to blow up."
Trump administration tells Supreme Court that ballroom construction must go on despite order to stop, citing recent missile threat on Air Force One
The solicitor general called it an "integrated military complex, including a totally secure ballroom space, at the East Wing of the White House, which is vitally required by natio…
‘I’ll never apologize’ — Trump brushes off Iran war’s impact on oil prices and calls aircraft carrier’s 240+ days at sea ‘not nearly long enough’
Trump acknowledged that he's used the U.S. military “a little bit more than I wanted to," while asserting anew that the U.S. operation against Iran is going well.
Bybit adds Unitree, Moonshot AI to pre-IPO perpetuals lineup
The additions come as Bybit’s TradFi perpetuals lineup grows to more than 200 products spanning equities, ETFs, commodities, indices and private companies.
Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says
"The bottom line is that the US economy continues to be supported by a growing set of tailwinds."
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it
The head of the Iran-China Joint Chamber of Commerce said "the consequences of the blockade far outweigh those of a direct war."
Tokenized stock holders more than double as monthly volume surges
Tokenized equities reached 1.31 million holders over the past month, as monthly transfer volume surged 179% to $23.13 billion and distributed value rose 5.9% to $2.38 billion.
Apple Turns to Alibaba to Help Build AI Model for China
Apple is pairing its in-house model with Alibaba’s Qwen as it prepares to bring Apple Intelligence to Chinese iPhones.
Robot maker Unitree is going public. Hyperliquid traders see 4x upside from IPO price
Hyperliquid traders value Unitree at nearly $38 billion versus $9 billion at its IPO, leaving leveraged bets vulnerable when trading begins, Allium analysts said.
‘It’s archaic’: the struggle to heat poorly insulated homes let by royal estates
A number of idyllic-looking homes in estates owned by King Charles and Prince William do not meet energy standards for rentals• Royal estates rent out homes that fail to meet lega…
Swiss mega-bank UBS ramps up its Bitcoin exposure with a massive 24-fold surge in ETF call options
Direct holdings of IBIT also rose 12% to 407,890 shares, while put option exposure dropped roughly 53% to 143,300 underlying shares during the quarter.
What Bessent’s economic isolation of Iran could look like
The main challenge is that targeting the remaining options risk blowback on the US economy.
Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city
The Energy Ministry enacted the year-round restriction to mitigate power capacity shortages, as energy-intensive mining facilities continue to strain regional grids.
Iran, Oman home in on Hormuz Strait deal as ship attacks mount
The finalization of a “shipping map” forms part of a broader accord to govern traffic through the strait and constitutes an independent arrangement between the two states.
Paul Tudor Jones’ investment firm increases stake in BlackRock's bitcoin ETF after year of selling
Calls fell 85.2% to 148,000 underlying shares, while puts slipped 1.4% to 715,000.
Berkshire pads Delta, Alphabet stakes as Abel taps cash pile
The conglomerate continued to pare its stake in Bank of America Corp. and now owns 6.8% of the US lender’s shares.