Business / Finance
Why we’re stuck with a Premier League in the clutches of the global mega-rich | Jonathan Wilson
There’s little prospect of the model changing in a country that welcomes wealthy international owners with open armsFootball, the world’s most popular sport, played by laws drawn …
Christa Pike is discharged from a hospital and back in prison after becoming the first person to survive lethal-injection drugs during an execution
Pike had been hospitalized since surviving two doses of pentobarbital as the state attempted to execute her on Sept. 30 for the 1995 beating and stabbing death of classmate Collee…
Trump says he’s evaluating whether the U.S. should join Saudi Arabia’s fight against Iran-backed Houthi rebels in Yemen after fresh attacks on Riyadh
“We may. We’re going to look at it,” Trump said. “We just found out about the recent attack. So we’ll make a decision. We move very quickly.”
After Anthropic’s Claude AI submits a false tip on a Philadelphia unsolved homicide case, police say ‘cases involve real victims, grieving families’
The incident in Philadelphia occurred on July 18 when the AI model Claude Haiku 4.5 was tasked with generating and performing example tasks on randomly selected webpages, Anthropi…
CFTC Draws the Line Between Prediction Markets and Gambling in New Rules
A proposed rule would expressly fold event contracts tied to sports, politics, culture and weather into the “swap” definition, while an interim rule excludes casino-style gambling…
‘Fantasy economics’: Baby boomer vs. Gen Z tensions hit France as pension costs drive debt crisis and education cuts that fuel student protests
"Thus the fiscal pressure caused largely by France’s very generous government pension plan has led to cutbacks in other spending, notably on education."
This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million
The Bermuda-based insurer, which runs entirely on Bitcoin, drew the funding from existing backers led by Bain Capital Crypto after a record year driven by demand from wealthy fami…
Trump’s Medicaid cuts strip health coverage from some legal immigrants—including refugees and victims of human trafficking
The move is part of sweeping changes to Medicaid under President Donald Trump’s 2025 tax cut and policy law.
Here’s a Way to Predict When AI Chatbots Will Turn Bad
Physicists at George Washington University say a formula can estimate when an AI chatbot will flip from good answers to bad ones, and early tests on small models back it up.
Russia’s deal to supply the U.S. with diesel is unlikely to ease pain at the pump, experts say. ‘It’s kind of shuffling deck chairs on the Titanic’
President Donald Trump announced Friday that he had struck a deal with Russian President Vladimir Putin to immediately supply the U.S. more than 300,000 tons of diesel.
EU says trade deal could cut up to 50% of Chinese EV and plug-in hybrid imports and lower tariffs for some European exports to China
The top trade envoys for China and the European Union agreed Friday on a broad initial deal following two days of talks aimed at calming escalating tensions over trade imbalances.
Despite starting the Iran war, Trump still thinks he deserves the Nobel Peace Prize and complains the winner is someone ‘who nobody has ever heard of’
"The Nobel Peace Prize has been forever discredited by a handful of radical ideologues who are anti-democracy and really enemies of civilization. And we will not forget, Norway."
United Auto Workers president Shawn Fain easily wins re-election
Fain was dogged by investigation but still decisively beat challenger Rich Boyer, who received just 13% of vote The president of the United Auto Workers, Shawn Fain, has easily wo…
Ex Goldman Sachs CEO got into Harvard University at 16 from public housing—and says higher education is the best way to break into the middle class
Lloyd Blankfein, the former CEO of financial giant Goldman Sachs, says education is the “real accelerator” of wealth and success—hitting back at anti-college leaders like Peter Th…
Palantir’s billionaire CEO says only two kinds of people will succeed in the AI era: trade workers—‘or you’re neurodivergent’
Billionaire Alex Karp tells Gen Z to skip elite college degrees, as one-fifth of Fortune 500 companies recruit more neurodivergent talent by 2027.
Nvidia built a $5 trillion company while making employees pay for their own lunch—but they get far more lucrative perks like stock discounts
At the world’s most valuable company, lunch isn’t free—but a generous stock plan has been far more lucrative.
French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects the Budget
A National Assembly committee adopted amendments taxing stablecoin swaps and crypto exits by wealthy holders, then rejected the 2027 budget's revenue section.
How a South African billionaire is turning a corner of Somerset into ‘one man’s estate’
Koos Bekker’s Newt estate encompasses luxury hotels, pubs and high street business, with local concerns including floodingWhen South African billionaire Koos Bekker bought an old …
The economist behind the ‘China shock’ says AI is a paradoxical ‘skill-disequalizer’ for Gen Z workers
“Young professionals need to beware of the illusion of competence,” MIT professor and Google Technology & Society visiting fellow David Autor told Fortune.
A $100 price hike may be all it takes to scare off iPhone buyers in this economy, as Apple reportedly slashes orders
Suppliers say Apple’s October component orders for its newest Pro iPhones are down at least 15%, as an AI-driven memory chip shortage pushes smartphone prices to record highs.
A message to my daughters: Don’t get left behind
This Fall, my younger daughter entered college; her sister is starting her third year. This is what I want to tell them about AI hype.
Tokenized commodities look beyond gold as lending and oil open new markets
Paxos Labs, Theo and Energy Substantiation execs see growth coming from putting physical assets to work, with precious metals leading and energy presenting a tougher test.
One year after 10/10 flash crash, bitcoin and ether liquidity have rebuilt, but altcoins still face risks
Bitcoin and ether order books are deeper than before the crash, while altcoin liquidity keeps eroding and spot trading remains well below its October 2025 peak.
Justin Sun says Tron’s post-quantum cryptography has gone live on testnet
“We’re ready to bring quantum resistance to mainnet at any time,” Sun said in a post on X.