Business / Finance
Senate Democrat Presses Cantor Fitzgerald on Tether Ties and Lutnick Family Profits
Sen. Richard Blumenthal wants Cantor Fitzgerald to open its records on Tether and on how much Commerce Secretary Howard Lutnick's family has earned from its business deal.
‘The elder daughter phenomenon’: Edward Jones head Penny Pennington said the economy is propped up by eldest daughters
Caregiving is a trillion-dollar industry, and eldest daughters take the brunt of it.
‘Mark Zuckerberg will love The Social Reckoning’: Sony trolls the Meta CEO with an Instagram ad
The spot’s punchline, “Instagram doesn’t fact check most ads. Why should we?”, takes aim at Meta’s content policies, and it’s running on Meta’s own platforms.
Robinhood Chain considers technology that gives paying traders priority
Arbitrum recently replaced its Timeboost transaction-ordering system with a new model called Priority Gas Auctions.
Blockchain.com Seeks Approval for US Prediction Markets and Crypto Derivatives
The crypto platform filed for designated contract market and futures commission merchant licenses, which would let it run its own regulated event-contract venue instead of relying…
Exclusive: The alarms in wine’s biggest heist were switched off from inside before masked thieves took off with 30,000 bottles worth over $8 million
Antinori’s wines are so sought after that counterfeiters have copied them for years. Now thieves have taken 30,000 real ones.
Why buying Chipotle would be a mistake for Starbucks, even with Brian Niccol in charge
Starbucks needs Niccol’s focus, not a struggling burrito chain.
Bitcoin Rebounds After Rough Week, But Traders Are Pricing In More Downside
Bitcoin bounced after dipping to around $80,000. Traders are placing increasingly high odds BTC slips further before October is over.
Controversy swirls over ‘abrupt’ firing of OpenAI safety team members involved in the Hugging Face hack investigation
Three former employees publish a letter in response to allegations about their firings, to which OpenAI responds with an internal memo and public-facing statement.
HSBC, Ant Digital test AI-agent payments using tokenized deposits
The technical trial showed how AI agents could discover services and make micropayments using HSBC’s tokenized deposits, with real-time settlement and risk checks.
Ledger investigates fund losses linked to Southeast Asian reseller, warns users
Hardware wallet maker Ledger probes losses tied to reseller CryptoBilis, as researchers separately estimate more than $72 million to $86 million in suspected crypto thefts.
‘Trojan horse’: California’s top 1% pay nearly half the state’s income taxes. Prop 40 opponents warn the billionaire tax could reach everyone else
The state legislature could modify Prop 40 with a two-thirds vote, but courts would also weigh in on any attempts to stretch the scope to all taxpayers.
Chick-fil-A is keeping humans at the drive-thru while McDonald’s tests AI ordering and defends a separate pricing algorithm in court
AI could ease restaurant workloads—or create new headaches. The stakes reach from getting orders right to how menu prices are determined.
‘A very leaky pipeline’: 1.7 million trade jobs will open each year through 2035—and experts are scrambling to figure out how to fill them
A new report finds a greying workforce and Gen Z retention problems are making it harder to fill ever-expanding skilled trade roles.
Ethereum L2 Starknet Jumps 20% After Saying It Wants to Become an L1
Starknet is "actively considering" becoming its own blockchain, a move it says would make it the first fully quantum-resistant network by 2027.
Should You Take Your Money and Run — To a New Bank?
Rates on savings accounts are going up. Is your rate low enough to make it worth switching?
Money Is Getting More Complicated — and We Need to Talk About It
Financial literacy remains a challenge as money gets more complicated. Learning and sharing what we know can help.
Blockchain.com pursues CFTC approval for prediction markets: CNBC
The crypto company has reportedly applied for two licenses with the US commodities regulatory as the courts weigh prediction markets cases.
DWF Labs Subsidiaries Sue BitGo for $141 Million Over Early Token Sales
The DWF Labs-linked firms allege in London’s High Court that BitGo sold discounted Falcon Finance and ESPORTS tokens roughly two months before their lock-up expired, cratering the…
New York AG Secures Up to $35M and Industry Ban From Ex-Celsius CEO Alex Mashinsky
Mashinsky owes New York $25 million if he fails to forfeit another $10 million, and $10 million more if he doesn't serve his full sentence.
Trump establishes committee to investigate Fed governor Lisa Cook
US president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutionalDonald Trump announced on Friday that he is establishing a committee …
Christian Bittar has conviction for rigging interest rates quashed
Former City banker becomes eighth to clear their name, just days after five others were acquittedFormer City trader Christian Bittar has become the eighth person to have his convi…
Crypto Biz: Wealthy investors are buying crypto, but their advisers aren’t sold
Wealthy investors are embracing crypto faster than their advisers, while OKX attracts new funding and Strategy shifts more capital toward preferred stock buybacks.
Elon Musk just lost his trillionaire status again after three days—but he says ‘it’s not like it’s sitting in a bank account’ anyway
SpaceX founder Elon Musk lost $63 billion in the span of days, falling out of the trillionaire club for the second time.