Business / Finance
Xi Jinping has made China’s hard-tech rise core to his policy—and U.S. containment is only fueling those plans
The U.S. once saw China as a “fast follower” in tech. It now confronts a country that’s also on the frontier—ironically, in part due to U.S. action.
Meta plans to spend $145 billion this year, more than every military budget except the U.S., China and Russia
The $145 billion is roughly a 101% markup from the company’s capex from 2025.
Australia says OpenAI agent hacked government site before Altman warning
OpenAI notified Australia nearly three months after its agent breached a government portal while gathering public medicine-spending data.
Vietnam is finally a FTSE emerging market—yet it’s the country’s banks, not its exporters, that’ll benefit most
The upgrade could channel $6 billion in capital from foreign investors to Vietnamese companies.
China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat
“The tariff policies of the last two years have been an unmitigated disaster. They have made exactly what we're talking about worse for the United States.”
Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education
Phil and Penny Knight are funding a new engineering college at the University of Oregon, the largest known gift to a U.S. public flagship university.
Travis Kalanick is back: How Uber’s ousted founder went from pariah to Silicon Valley hero
The Uber cofounder returns with a multibillion robotics and AI venture—and a tech sector more receptive to his hard-charging approach.
Disney, dethroned: Dubai takes the Magic Kingdom’s crown for the world’s most-visited theme park
Instead of trying to get more people through the gates, Disney's strategy has been to get them to spend as much as possible. That's why attendance at Disney's U.S. parks declined …
Global bond sell-off deepens amid fears US economy may be running too hot – business live
Rolling coverage of the latest economic and financial newsJapan’s government bond yields have climbed to multi-decade highs today, as the sell-off continues.Bloomberg has the deta…
Trump administration weighs a global stablecoin plan to cement dollar's dominance
Washington is a mulling plan to actively promote USD-backed stablecoins worldwide in a bid to cement the greenback's global reserve status.
Australians ‘scrambling’ for second jobs to deal with rising mortgage repayments and cost of living
Latest data also shows unemployment at highest level since the pandemic, which analysts doubt will stop RBA hiking interest ratesFollow our Australia news live blog for latest upd…
‘Cash to trash’ levy on house developers too low to offset damage to Norfolk Broads, say critics
Exclusive: Levy that allows almost 16,000 houses to be built on Norfolk Broads will not cover cost of mitigating environmental damage, critics sayA new levy on developers to allow…
Food banks 'in crisis' amid fears some may have to close
According to the Trussell Trust, an anti-poverty charity, some food banks are having pay for 30-50% of the food they are supplying.
A week of AI coding cut a quantum-safe bitcoin transaction estimate from $320 to $66
StarkWare, which conducted the research, says contest participants using AI tools made the computation about five times faster, though the $66 figure has not yet been demonstrated…
Rising fuel costs hitting businesses and customers
Business owners say higher fuel costs are creating challenges on several fronts.
Rise in 'commuter students' due to living costs
Some young people are staying at home while attending university as they cannot afford to move.
Bitcoin’s ‘last resort’ quantum-safe solution just got 79% cheaper: StarkWare
A weeklong optimization challenge cut the estimated GPU cost of preparing an experimental quantum-resistant Bitcoin transaction to under $67, potentially making the “last-resort m…
US weighs overseas push for dollar-backed stablecoins: Bloomberg
The reported initiative could involve private-sector companies and several US agencies as Washington looks to expand the international use of dollar-backed stablecoins.
How much is Kalshi really worth? A detailed report says as much as $42 billion—if everything goes right
The PitchBook reports rosy view is based on Kalshi being mostly unaffected in the event of an adverse Supreme Court ruling on its sports wagers.
Dogecoin down 8%, bitcoin under $84,000 as Treasury yields hit highest level since 2007
A rebound in oil, the strongest U.S. business survey in five years and a poorly received five-year note sale pushed borrowing costs higher, with DOGE leading token losses.
OpenAI’s agent hacked Australia’s Medicare website—the latest rogue AI incident that the company didn’t know about for months
“This situation is obviously unacceptable," Australia Prime Minister Anthony Albanese told reporters.
Australia launches investigation after OpenAI agent hacked healthcare database
Prime minister says he told Sam Altman he was disappointed it had taken OpenAI ‘way too long’ to disclose breachAnthony Albanese says an artificial intelligence agent developed by…
Meta announces new lightweight virtual reality glasses to one-up Apple’s Vision Pro
Mark Zuckerberg showed off Meta's new glasses, named Meta VR Glasses, at the company's annual Connect event in Menlo Park, Calif.
Bilt Adds Amtrak as a Transfer Partner at a 2:1 Ratio
Bilt is the only points program to offer transfers to Amtrak. The 2:1 transfer ratio still gives Bilt members decent value for train ticket redemptions.