Business / Finance
Washington Goes All-In on Crypto: Trump Pushes Clarity, SEC Rules, and CFTC Warnings
Trump urged executives to pass a "fair version" of the Clarity Act, the CFTC warned it would write its own rules if the bill stalls, and the SEC abruptly advanced its first crypto…
Membership into Miami’s most exclusive club is something money can’t buy—and Jeff Bezos is among those standing outside, looking in
Amazon founder Jeff Bezos has three properties on Indian Creek, but he still doesn’t have a membership into the island’s country club.
Phoebe Gates took a secret Stanford class on how to ‘rule the world’—and reportedly recruited employees for her startup accused of wire fraud
An off-the-record university course helped Gates recruit for Phia, and former students claim the class taught a ruthless hunger for profit.
Strategy Swings From $13 Billion Bitcoin Loss to $1.4 Billion Profit as BTC Rallies
The Bitcoin treasury giant is sitting on roughly $1.4 billion in unrealized gains after Bitcoin climbed above its average acquisition price.
US borrowing costs rise as attempts to ease rates prove short-lived
Economists said there were ongoing concerns over the level of borrowing as national debt passed $40tn.
‘Take time in quiet’: Melinda French Gates says to spend at least 10 minutes a day on self-care
The philanthropist said dedicating time to her well being everyday is what helps her process difficult transitions.
Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns
"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."
Bitcoin ETFs Just Had Their Biggest Day Since May—BlackRock Took 83% of It
U.S. spot Bitcoin ETFs pulled in $606 million Thursday, the biggest haul since May. And altcoin funds finally showed up too.
Digital Asset, Paul Ryan foundation target US state benefits with Canton pilot
The RISE program would use the Canton Network to combine and distribute state-administered benefits across three US states beginning in 2027.
The Guardian view on Andy Burnham’s buses: a blueprint for governing Britain | Editorial
The prime minister is right to think that taking Manchester’s model national could widen opportunity, clean the air and rebuild state capacity. Other public services could be next…
The Guardian view on the export of fossils: they deserve national treasure status | Editorial
Scientific specimens are being sold to foreign museums or snapped up by the super-rich. They should have the same legal protections as works of artAs Sir David Attenborough has ob…
Bitcoin rally sends crypto stocks soaring as miners, treasury companies jump
Bitcoin’s rally above $79,000 lifted miners and treasury companies, with Canaan, Strive and Metaplanet posting double-digit gains as crypto stocks surged.
Ethena's ENA token surges 48%, but altcoin season will have to wait
ENA is rallying on a $1 billion FalconX deal, while HYPE tests its record, though flat dominance shows this is no broad alt season.
‘Adding insult to injury’: Flight attendants accuse Google of creepy deal to access ‘confidential’ data for AI in Spirit Airlines transaction
Failing in today’s business world means being at the mercy of the AI training frenzy.
Trump admits tariffs are a tax on America’s love for hamburgers and allows 300,000 metric tons of ground beef imports at ‘below current market prices’
“Tariffs are simply taxes on American consumers,” said economist Steve Hanke. Meanwhile, cattle groups are "disappointed" in the president's post.
Crypto Biz: Treasury’s ‘Not-QE’ playbook sends Bitcoin higher
Bitcoin rallied as Treasury bond buybacks fueled the “not-QE” trade, while Metaplanet expanded to the US and Cypherpunk made a $33 million Zcash mining bet.
AI will not give you Fridays off
Jamie Dimon and Bill Gates say AI could bring a two- or three-day work week. I’ve studied the 4-day work week for years and data disagrees.
XRP Erases Its Most Bearish Signal—And the Ripple-Linked Coin Is Flying
The token spent all August trapped under a bearish crossover. Today it closed above both moving averages for the first time since the pattern formed.
Despite CEOs like Elon Musk pushing in-person office work, a major study of 7,000 workers says remote employees are just as connected—and more engaged
The research found little evidence that remote workers felt less connected to colleagues or workplace culture—despite what CEOs like Jamie Dimon say.
Canada 'should fight' as US trade deadline looms, Manitoba premier says
Premier Wab Kinew's comments signal a tough battle for Prime Minister Mark Carney to get buy-in from Canadians on a possible trade deal with the US.
Harry and Meghan’s homecoming comes with a multimillion-dollar tax catch—waiting four years could have shielded their $60 million fortune
The Duke and Duchess of Sussex are returning to the U.K. after living in the U.S. for six years—but they could have had a “much better tax result” sticking around longer.
CEO of viral backflipping robot company says robots are still years from ‘ChatGPT moment,’ even after investors sent his stock soaring 460%
CEO Wang Xingxing says humanoid robots still struggle to match humans and adapt to unfamiliar tasks.
Bitcoin Climbs Higher as $1.2 Billion in Shorts Liquidated
The largest cryptocurrency surged 7.9% in a day to around $77,000, triggering a short squeeze that wiped out roughly $1.21 billion in bearish bets amid a wave of favorable news fr…
Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California’s billionaire tax is spent
The former Google CEO is disgruntled with the use of his funding for other measures that are not focused on California's Proposition 40.