Business / Finance
‘We value the skill, but maybe not for my child’: The stigma against blue-collar jobs, laid bare
Matt Panella told Pro Accelerate he hears from high schoolers: "I want to get into the trades, but my parents don’t feel like it’s a viable career path."
Bitget ‘gradually back to usual’ as protection fund reaches $309M
Bitget CEO Gracy Chen said that a protection fund created by the company in 2022 “absorbed the financial impact of the incident“ that resulted in $388 million in user losses.
New UK gas and oil projects are a ‘no-brainer’, says EDF boss
Developing North Sea fields does not contradict net zero goals, according to Simone RossiNew oil and gas projects are a “no-brainer” that pose “no contradiction” to the net zero a…
‘The economy is increasingly reliant on AI gains’: U.S. GDP grew 2.2% amid ‘sudden reversal of optimism’ on AI tech
The U.S. economy has proven surprisingly resilient in the face of fighting with Iran and the energy price spike it caused.
Trump Unveils 'Morally Binding' AI Accord Signed by OpenAI, Google and Nvidia
The one-page pact, which Trump called "morally binding," asks companies to adopt internal controls, independent audits and board oversight—but carries no penalties and drew critic…
Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs
The Fed's favorite inflation gauge came in cooler than expected, rate-hike odds fell and Bitcoin traders took the hint.
Energy bills: what to do as prices head for £2,000 a year, from switching deals to insulating
The price cap is set to soar for about 20 million households in Great Britain from January, but there are ways to saveEnergy bills in Great Britain forecast to jump by £276 a year…
‘A billion deaths’: Bill Gates warns about AI in the wrong hands, saying a kill switch and self-regulation won’t be enough
Gates used to be one of AI’s optimists, but now he calls it “the most dangerous thing humans have ever gone near”
Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'
The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin, CEO Zach Abrams said.
Good news in US inflation report boosts chances Fed won’t hike rates
Traders see about a 35% chance of an October rate hike, down from about 45% following White House pressureGood economic news boosted Wall Street’s main indexes on Wednesday, as a…
Carhartt CEO warns schools are steering Gen Z students away from a lucrative career path: Skilled trades can pay 32% more
Students interested in landing a six-figure trades job aren’t being set up for success, says Linda Hubbard—with half who start training never finish it.
LinkedIn CEO says that job seekers are sending out 30% more applications than pre-pandemic—and it’s harder to ‘know who can actually do the job’
The job market has become an all-out AI arms race between applicants and recruiters.
U.S. CFTC seeks event contract definitions that may defy states' gambling claims
As it battles with states over prediction markets, the CFTC sent two related rules on swaps definitions for White House review.
Ex-NCA Officer Must Repay $2.4M for Bitcoin He Stole When It Was Worth $77K
Paul Chowles took 50 BTC from a Silk Road 2.0 seizure in 2017. Prosecutors have now valued the theft at more than 30 times that.
A $16 billion oil refinery is coming to East Africa with capacity for 700,000 barrels a day
The Kenya project is expected to take 40 months to build as the region pushes to process more of its own raw materials.
‘The stuff of legend’: Unseen works of van Gogh and Cézanne from a private collection are going up for auction at $450 million
The paintings come from a collection amassed by the late Argentine art collector Nelly Arrieta de Blaquier and her sugar magnate husband, Carlos Pedro Blaquier, and are being sold…
Why working parents are set up to fail - podcast
Georgie Dent’s National Press Club address recently went viral after laying bare the compounding pressures on modern families. Between soaring costs of living, rigid workplace exp…
Crypto Long & Short: What will the AI agents run on?
Wilbur Ross says New York’s pied-à-terre tax targets people who ‘can’t retaliate at the ballot box’
The former Commerce secretary and Steve Wynn are suing the state over annual bills of $83,531 and $183,094 on their Manhattan homes.
Ford’s Jim Farley says Gen Z needs its own ‘Smokey Bear’ moment for the forest fire of AI paranoia, the jobs apocalypse and the skilled trades
"They get a little bit paranoid that AI might replace the job they might go to school for," Ford executive Mark Truby told Fortune about his Gen Z sons.
Pilot stabbed another pilot before plane carrying Israelis plunged 16,000 feet, Netanyahu says
Netanyahu says the pilot apparently tried to crash the plane before passengers and crew intervened and helped regain control.
Trump is touting a $54 billion South Korean investment in an Alaska gas project as Republicans fight to hold a key Senate seat
This follows a $15 billion Iowa steel plant as Trump uses his trade policy to help Republicans defending competitive midterm seats
The volunteers baking birthday cakes for children
The Hampshire group says it has seen a rise in demand and it needs more volunteer bakers.
UK income growth revised upwards as markets hail ‘resilient’ economy
Boost for John Healey before budget as GDP figure shows UK economy grew faster than first estimated in second quarterBusiness live – latest updatesUK household income grew at a st…