Business / Finance
‘A vicious cycle’: Schools ban pouches that have as much caffeine as two cups of coffee—causing stunted ‘development and mental health’ for students
Caffeine pouches, small packets placed in the mouth between the lip and gum, are marketed as a portable and discreet way to boost energy and focus.
Mortgage Rates Remain Above 7% in a Stalled Housing Market
It's a tough housing market for basically everybody as mortgage rates remain firmly above 7%.
Bitcoin hashrate hits seven-month high as AI shift fails to ease mining competition
According to BlocksBridge, Bitcoin’s mining difficulty is rising despite the industry’s AI transition, with smaller operators potentially absorbing equipment abandoned by larger c…
Irish cenbank fines Coinbase arm $3.6M for oversight, safeguard failures
According to the Central Bank of Ireland, Coinbase Ireland had agreed with the facts around the enforcement action and will be subject to fines and sanctions upon approval by a hi…
GTA VI probably won’t cost the U.S. economy $1 billion—and economists say it wouldn’t matter if it did
Workers may take time off for Grand Theft Auto VI’s launch, and a viral headline says it'll cost the economy $1 billion—but that doesn't add up.
Bitcoin ETFs Erase October Losses With $1 Billion in Three Days
Spot Bitcoin ETFs have drawn about $1.07 billion over three sessions, pushing October flows to a gain of roughly $460 million, even as Bitcoin and Ethereum prices slipped.
AmEx Adds Airbnb Perks, Restricts Platinum’s $600 Hotel Credit
AmEx adds Airbnb bookings and 5X rewards for Platinum cardholders, but its $600 hotel credit will require two-night stays at Fine Hotels and Resorts starting in 2027.
We just raised another $550 million to bring AI to the legal industry. I still believe there will be more work than lawyers
We now have more lawyers than software engineers. And daily active users now spend more than two hours a day on Legora.
Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lower
Bitcoin extended daily losses to 3% as US stocks came under pressure from President Donald Trump’s comments on Iran military action.
‘Disconcerting’: Researchers found a ‘pain’ signal inside AI models. Turning it up made them delete a user’s family photos
The study doesn’t show AI can suffer. But the signal overrode the models’ safeguards, and someone has already used the researchers’ code to build an “AI torture chamber.”
US judge orders Trump to sit for deposition in $10bn lawsuit against BBC
Judge threatens to dismiss Trump’s BBC lawsuit unless he cooperates with discovery process and sits for depositionDonald Trump has been ordered by a US judge to cooperate with the…
Cyprus police investigate financial and tax affairs of ex-Chelsea owner Roman Abramovich
Inquiry follows report by Guardian and partners that aides of Russian oligarch appeared to have falsified paperwork mapping his businessesPolice in Cyprus have opened an investiga…
What Is a Neocloud? The GPU Clouds Powering the AI Boom
Neoclouds like CoreWeave and Nebius rent Nvidia GPUs to AI labs, and several started out mining crypto. Here's how the AI cloud model works.
Ex-Google CEO Eric Schmidt worked 60-hour weeks: ‘I used to tell people my job is to sit in meetings 12 hours a day’—he says AI will kill that burden
Billionaire Eric Schmidt spent 12-hour days coordinating teams as Google CEO. Now, he says, AI could eliminate thousands of “glue people” jobs.
Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
When Silvergate was on the verge of collapse in 2023, Coinbase instructed 30 customers to deposit funds into an alternate account held by Coinbase at another U.S. bank.
Over 1,000 analysts competed to pitch Goldman Sachs CEO David Solomon and execs their philanthropic ideas—and win $650K for charity
Goldman Sachs has put $6 billion of philanthropic grants “in the hands of our analysts,” one exec says.
Carers can’t live on 51p an hour | Letter
Emma Sainsbury questions whether government policy takes sufficient account of people whose caring responsibilities shape their finances and ability to keep a homeFor 13 years, I …
Major Banks Find Rogue AI Agents Inside Customer Accounts—And They’re 'Horrified'
Major banks including Morgan Stanley, JPMorgan, Bank of America, and Citi are moving to restrict third-party AI agents that log in with customers’ credentials.
‘Built on respect’: EU gives International Criminal Court its top human rights prize as U.S. sanctions threaten to cut it off
ICC President Tomoko Akane welcomed the award, saying that it “comes at a time when the court and its officials face unprecedented challenges.”
'I wasn't thinking straight' says five jobs civil servant
Kashim Chowdhury is accused of fraudulently juggling multiple public sector jobs.
Crypto for Advisors: Stablecoins are ready for prime time
Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances
Equating to the loss of 5% of its 93,000 global staff, job cuts come as bank announces jump in quarterly profitsBusiness live – latest updatesBarclays is cutting 5,000 jobs as par…
Fireblocks disputes report of $2.5B Visa acquisition talks
Fireblocks told Cointelegraph that reports of a potential $2.5 billion acquisition by Visa are “not true at present time,” while Visa declined to comment on the reported talks.
Crypto custody specialist Fireblocks denies it's in talks to be acquired by Visa
The company is in talks with Visa over a potential $2.5 billion acquisition, Axios reported.