Business / Finance
Wall Street wealth creation model is unsustainable for most participants: Hyperliquid CEO
Early Wall Street wealth-creation opportunities remain inaccessible to retail participants, but Hyperliquid’s perpetual contracts aim to democratize access, according to its CEO.
IMF chief urges governments to tighten belts as global debt levels soar
Kristalina Georgieva says big economies will have to make ‘very touch choices’ as soaring bond yields hit budgetsBusiness live – latest updatesThe head of the International Moneta…
Why do billionaires have so many children if they’re not prepared to parent them? | Arwa Mahdawi
Kim Kardashian’s revelation that she has five nannies for four children caused a ruckus. But the world of the ultra-wealthy throws up far more extreme approaches to childcare“I ha…
Skepticism mires Trump’s Iowa steel plant project: ‘Promises are not the same as jobs’
The project has sparked doubts over whether the plant will be built and delivered as promised, given Trump’s recordDonald Trump has long sought to portray himself as a man of stee…
Prosecutors Cite Bitcoin Fog Ruling Against Roman Storm's Venue Challenge
The Tornado Cash founder hit back in a tweet, noting FinCEN withdrew a proposed mixer rule over concerns it could chill legitimate activity.
‘Old money’ has stronger Bitcoin ‘diamond hands,’ says BingX exec
BingX strategy chief Kevin Lee says wealthy investors are taking a longer-term approach to Bitcoin, though family-office crypto exposure remains limited.
‘The secret world of secondaries’: How a niche area of finance is emerging as a new liquidity engine in the Gulf
As global and regional liquidity tightens, a nascent Gulf secondary market is giving investors, founders, and early backers a new route to monetisation
Japan beer giants raided over alleged price-fixing cartel
Asahi and Kirin confirmed their premises were searched by Japanese competition authorities.
Crypto liquidations hit $550M as Bitcoin price dips below $84K
Bitcoin fell 2.3% in two hours amid suspicion over the appearance of leveraged BTC short positions on Hyperliquid.
Saudi’s economic transformation collides with war and falling FDI
In this week’s Fortune Gulf Brief.
Rain is seeking a national trust bank charter to bypass third-party banks
The stablecoin payments company’s proposed New York trust bank would custody digital assets and dollars, manage stablecoin reserves and issue and redeem dollar-backed tokens.
Bitcoin ETFs rebound with $119M inflow as Ether extends losses
Bitcoin ETFs returned to net inflows with $119 million on Tuesday despite falling prices, while Ether funds reached a six-session outflow streak totaling $408 million.
Bayer’s CEO cut manager ranks by 70%. Now comes the hard part
Also: All the news and watercooler chat from Fortune.
Ledger Launches Bitcoin Loans, Letting Holders Borrow Without Selling
Unveiled at TOKEN2049 Singapore, the Morpho-powered Crypto Loan feature lets users borrow stablecoins against wrapped Bitcoin while keeping private keys and final approval on thei…
Goodbye Warner, hello Skydance: how will the major merger really impact Holllywood?
After a windier road than expected, Paramount and Warner are now one, under the banner of Skydance, and the film industry is set for a shake-upHollywood’s big five have officially…
Robinhood adds bitcoin worth $25 million to its balance sheet
Robinhood has added bitcoin worth $25 million to its balance sheet, senior vice president and general manager of crypto and international, told the Starting Block Wednesday.
BitMine sets 5% Ether supply ‘hard cap’ as accumulation target nears
Tom Lee said BitMine will not accumulate Ether past 5% of the supply, turning the company’s target into a ceiling.
Shell expects refineries to almost double the profit from every barrel of fuel made
Record prices caused by global shortages amid shutdown of war-damaged refineries in Middle East and RussiaShell’s refineries are expected to make almost double the profit from eve…
Fears coastal town road closure could leave Watchet 'desolate'
Businesses in Watchet are concerned by the closure of the main road into Watchet.
Russia clears first crypto exchanges, custodians under new law
Russia registered its first crypto exchanges and custodians, including its largest bank, Sberbank, which plans to launch crypto products on Dec. 1.
UK house prices flatline as rising mortgage costs weigh on market
Average cost of home in September was £298,441, says Lloyds – about the same as year earlier and in AugustBusiness live – latest updatesUK house prices flatlined in September, acc…
Down but not out. Bitcoin's stair-step bullish trajectory is still intact
Bitcoin dipped to around $84,200 on Wednesday but stayed inside its recent range, keeping the broader bullish stair-step trajectory intact.
IMF chief warns energy shock, public debt and AI boom threaten global growth – business live
Kristalina Georgieva’s warning comes as Brent crude rises above $101 a barrelTurning to the AI boom, where investment as a share of GDP is likely to exceed that of railroads, elec…
DOJ invokes Bitcoin Fog ruling in potential blow to Roman Storm acquittal bid
Prosecutors say a recent Bitcoin Fog appeals court ruling supports their argument that Tornado Cash activity in Manhattan was enough to establish venue for parts of Roman Storm’s …