Business / Finance
‘Damage from the chaotic tariff regime cannot be refunded’: The $100 billion in refunds have wiped out revenue the import taxes brought in since May
In June, the Trump administration saw a more than $25 billion loss in net customs revenue as a result of tariff refunds outpacing revenue.
Morning Minute: CFTC Will Give Crypto Clarity If Congress Won’t
Meanwhile crypto majors and alts continue to soar, with BTC nearing $80k and alts like Pump and ZEC putting up big candles.
The banking lobby’s bad faith campaign to kill the Clarity Act will backfire
The banks' arguments against the Clarity Act are not rooted in reality, and serve to highlight their own anti-consumer position, says a Columbia professor.
Solana cuts blockchain slot time to 350 milliseconds
Solana reduced its slot time for the first time since genesis as it works toward a 200-millisecond target aimed at reducing network latency.
The trick to getting kids to stop trusting AI: Ask it to draw a map of the world
Kids laughed as Mali was spelled “Mail.” Egypt was identified as “Sopth.” In place of Libya was something simply called “Africa.”
China’s onetime richest man has lost everything but creditors are still owed $300 billion
A court accepted a liquidation against Evergrande’s property development unit a day after 67-year-old founder Hui Kan Yan was sentenced to life in prison.
Cuba opened its economy on Washington’s orders. Rubio’s answer: more sanctions
“What are you afraid of?" Ambassador Ernesto Soberón Guzmán asked hypothetically. "Why do you need to implement almost every two weeks new sanctions?”
Mortgage Rates Today, Friday, August 21: A Bit Higher
Markets have moved on from the Treasury's big announcement and mortgage interest rates are back up.
College sports’ talent race is turning each athletic department into a $40 million business empire
“Athletics doesn’t have a revenue problem. It has a spending problem," said Penn professor Karen Weaver.
Philanthropy has long been dominated by the wealthy. This $12 million campaign wants Black Gen Z to see it differently
BackBlack is betting that thousands of small donations can help underfunded Black-led nonprofits rely less on wealthy benefactors.
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic
The next generation of CFOs stepping in may be younger and less experienced.
New York Times correction over a college basketball player wrongly named at the scene of a shooting leads to $9.25 million jury verdict
“We’re disappointed the jury found The Times liable for an honest mistake,” spokesperson Charlie Stadtlander said in a statement Thursday.
Laser Digital gets Japan’s first crypto exchange approval in 4 years
Nomura-backed Laser Digital Japan received registration to provide domestic liquidity before expanding into institutional crypto trading.
The changing college sports landscape has women’s programs turning to philanthropy as funding dries up
Advocates are urging wealthy donors to endow less lucrative teams as universities redirect resources toward their biggest revenue generators
Binance says employees questioned in UAE cleared and released
Binance’s employees were cleared and released after providing statements to UAE authorities about third-party fund flows through a company client account, a spokesperson told Coin…
Current price of oil as of August 21, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
Coldcard ships firmware after $114 million bitcoin theft; says AI helped catch more bugs
Three weeks of review turned up problems unrelated to the flaw that cost users $114 million, but updating still does not make a compromised wallet safe.
Jamie and Jools Oliver pay themselves £1.7m dividend as profits almost halve
Pre-tax earnings slump at chef’s food and media group after one-off costs including for a new cookery schoolJamie and Jools Oliver have paid themselves a £1.7m dividend – more tha…
How Silicon Valley just might save America from the growing drone threat
In June, Allen Control Systems raised $200 million on the strength of its Bullfrog platform, which can respond to a drone threat in seconds by shooting them out of the sky with bu…
Standard Chartered wavers on $100K Bitcoin year-end call, says it may be ‘too low’
Standard Chartered’s Geoff Kendrick said Bitcoin could move toward its $126,000 all-time high after Oct. 6 as spot Bitcoin ETF inflows recover.
Airbus bows to remote working demands after series of strikes
Aeroplane maker said to have watered down plans to restrict working from home to one day a weekAirbus has reportedly bowed to employee demands on remote working, after a series st…
Analysts split on whether Bitcoin's surge past key levels signals a new bull run
Market watchers say sudden sharp price spikes and forced short liquidations are the classic signs of a bottom, though macro risks still remain.
Most Americans Say Trump's Crypto Profits Cross the Line: Poll
A Reuters/Ipsos survey found 63% of Americans view the Trump family's crypto profits as inappropriate, with even half of the president's fellow Republicans saying his business int…
The hard truth is that the Clarity Act is an anti-crypto bill
After years of stalled bills, misguided enforcement, and catastrophic collapses, almost any comprehensive crypto legislation began to look like progress. But Clarity is turning th…