Business / Finance
Live updates: Bitcoin slumps below $82,000 as markets go risk off on AI selloff, oil surge
South Korea's Kospi tumbled 3.5% overnight, and oil gained nearly 3% on renewed Middle East hostilities.
Starknet voters back research into life beyond Ethereum
StarkWare plans to release a draft whitepaper in November as it explores an independent, quantum-resistant blockchain.
Investors are still betting on AI, but doubts are piling up
Also: All the news and watercooler chat from Fortune.
PHP flaw draws millions of exploit attempts, Cloudflare CEO warns
Cloudflare’s Matthew Prince said the network saw thousands of exploit attempts even before the PHP vulnerability was publicly disclosed.
Big pharma accused of ‘free-riding on nature’ as global fund attracts just $7,000
The Cali Fund, set up to raise $1bn a year for biodiversity from drug companies, remains near emptyBig pharmaceutical companies have been accused of “free-riding on nature”, after…
Asian stocks tumble, bitcoin retreats as China enters bear market
Technology shares led regional losses as mixed U.S. earnings unsettled investors and Brent crude climbed above $112 a barrel.
Barclays cutting 5,000 jobs as it increases reliance on AI
The bank says it is using more AI leading to a 5% reduction in its workforce.
Bono on U2 ticket prices: Floor spots start around $160 on the new tour, and the band has ‘no problem’ letting rich fans pay $1,500
The U2 frontman says the band has “very little” control over what tickets cost. His comments come as presales open for its 2027 world tour, where VIP packages top $1,500.
You be the chancellor: play our budget game to see if you can balance the books
See if you can do a better job than John Healey at creating a budget that keeps MPs and the bond markets onsideOn 28 October, John Healey will announce the autumn budget to parlia…
Bitcoin ETFs bag another $528M, taking 3-day haul past $1B
US spot Bitcoin ETFs drew $1.08 billion over three trading sessions to push October flows back above water.
Jeff Bezos reportedly added a $69.5 million beach house to his $237 million Miami compound. A broker says that’s how billionaires live now
A record-setting Golden Beach sale is reportedly tied to the Amazon founder, who already owns three waterfront properties in “Billionaire Bunker.”
Kathy Hochul defies her own party on Trump’s $26 billion school choice bet: ‘I’m not going to leave money on the table’
“I’m not going to leave money on the table when it could help our kids,” Hochul said, making New York the 31st state to join a federal tax credit that critics warn will subsidize …
Gen Z and millennials expect to inherit $124 trillion—but retired boomers are ‘spending their kids’ inheritance’ to go on vacation instead
Retired boomers are Ski-ing—"spending the kids’ inheritance." It will be a huge shock to millennial and Gen Z who expect a $124 trillion wealth transfer.
Elon Musk’s dream merger is a nightmare for SpaceX shareholders
But Tesla shareholders should be cheering on the combination, especially if they get paid a fat premium.
The next K-pop? POPS founder Esther Nguyen hopes TikTok can make Southeast Asian music a global phenomenon
“I knew I wanted to do something in Southeast Asia, and specifically Vietnam,” Esther Nguyen, the CEO of POPS, tells Fortune.
Children in care to get £10 a week savings
Eligible people in the care system will be able to access the savings once they turn 18.
Barclays profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live
French risk premium over German bonds widest since 2011 as oil prices climb above $111 a barrelGood morning, and welcome to our rolling coverage of business, the financial markets…
China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme
Chinese prosecutors are seeking to confiscate more than 61,800 Bitcoin tied to a $5.7 billion fraud scheme, days after a U.K. court ruled Chinese law governs victims’ claims to th…
Move over memecoins: Crypto ‘meme games’ coming, bagholders and all
“Plenty will be ponzis. Plenty will get exploited. Plenty will insta die. There will be ridiculous gains, and people will get absolutely f***ing rinsed,” says Illuvium co-founder …
Woman 'scared to turn heating on' due to oil cost
Roslynn Garner-Gatley starts using a hot water bottle, bed socks and earlier bedtimes to stay warm.
Solana’s biggest network change since 2020 is live. Here’s how users benefit
The new voting system targets settlement in about 150 milliseconds, potentially shortening waits for payments and deposits. Users can keep their existing wallets.
'I can't afford to heat my home on my pension'
Teresa Goubert says heating is "very expensive" and she was struggling on her pension.
'An £8k service charge left me unable to pay bills'
Housing association Curo defends large increases to leaseholder bills.
Airbnb guests freed from chores involving ‘significant effort’ under new global rules
Accommodation platform acts after long-standing guest complaints over doing dishes, taking out rubbish and stripping bedsAirbnb hosts will no longer be able to ask guests to strip…