Business / Finance
‘We’ve been free-riding off Beijing in a weird way’ — Oil prices are high but could be much worse. Trump has China’s Xi to thank for that
“China’s doing it because they understand that they’re on the train that Trump is driving off a cliff. If oil prices go way up, that hurts the global economy. If it hurts the glob…
A professor who teaches a course on Warren Buffett sees him more as a ‘guide toward how to live a successful life’ than how to invest
Interest deepens after reading Buffett’s annual letters, which became required reading for many investors, and hearing him speak in interviews.
Trump administration starts building border wall in Big Bend region of Texas, despite heavy opposition from landowners, businesses and ranchers
“We will continue to fight for this land no matter what the outcome is. We will continue fighting to the end.”
Trump signs Ukraine war sanctions bill that threatens up to 100% tariffs on the top five importers of Russian oil or gas, with some exceptions
It’s meant to starve Russian President Vladimir Putin of the resources Moscow needs to continue its war in Ukraine after invading its neighbor more than four years ago.
'We have lost control': Crypto pioneer warns AI could trigger systemic banking and infrastructure shocks
Marc van der Chijs sold much of his bitcoin to invest in AI. Now, growing concerns about the technology accompany a move to put some profits back into crypto.
Ripple says asset managers are preparing for XRP Ledger’s next payments upgrade
The upcoming Batch V1.1 can make linked asset and payment transfers succeed together or fail together, and Ripple says commercial projects are already being built around the featu…
‘Stealth wealth’ is reshaping luxury real estate: How the ultrarich buy multimillion-dollar mansions off the books
The ultrawealthy now treat visibility as a liability and they're paying to disappear from luxury real estate records.
Anthropic billionaire cofounder Jack Clark studied literature, not code—and says liberal arts degrees will win in the AI age
Anthropic’s liberal-arts-educated cofounder says “rote programming” is best avoided.
Lyft CEO David Risher is still a driver for the company: It made him realize being even one minute late could cost the customer their job
Being a driver has carried Risher through his entire career: His first job was delivering the Washington Post. He worked under Jeff Bezos at Amazon before his time at Lyft.
Solana's Heartbeat Quickens: Block Times Fall 17% in Latest Speed Upgrade
The network's clock just sped up again, but the extra speed goes to freshness, not capacity.
Scottish Labour’s new leader backs Rosebank and Jackdaw oil and gasfields
Michael Marra supports development of the North Sea sites, calling for a ‘more rational’ approach to energy policyScottish Labour’s new leader Michael Marra has backed the develop…
Top Chef finalist Brian Malarkey: After 27 restaurants, I’m betting big on my hometown Portland — and we’re headed for $10 million in sales this year
People told me Portland was a bad bet and I chose to make a big one instead. I'm a chef, not an economist, but I put my money where my mouth is.
'The orange tie stays': Michael Saylor responds to venture capitalist's bitcoin obituary
"Bitcoin feels like the CD in the age of Spotify, the DVD in the age of Netflix," wrote Jason Calacanis.
Why Wall Street giants build tokenization money for institutions, not regular consumers
JPMorgan and Citi move billions in tokenized deposits, but only among their branches. A U.K. challenger bank is about to do something neither has done.
Robinhood Chain fees collapse 97% even as transactions stay near record highs
Seven-day average fees fell 82% while transaction counts slipped 6%, with about $1.5 billion a day still changing hands.
US fashion CEO resigns after physically restraining animal rights activists
Steven Kolb of the Council of Fashion Designers of America was filmed during an altercation at New York fashion weekThe chief executive of the Council of Fashion Designers of Amer…
Bastion wins conditional OCC approval for national trust bank charter
Bastion Platforms National Trust Company will offer stablecoin custody and wallets, payment infrastructure and white-label issuance from a single federally regulated entity.
I fled communism. Are Gen Z drawn to it?
For many young Americans, interest in communism and socialism reflects less nostalgia for authoritarian rule than frustration with something else.
Kevin Warsh may be the adult in the room. But can he calm the US economy?
Fed chair presided over unanimous decision to raise interest rates despite intense campaign from White HouseIn the end, Kevin Warsh’s Federal Reserve acquitted itself well. For al…
Students scramble for accommodation after provider goes bust in Dundee
Case highlights severe financial strain on sector across UK as string of university housing schemes failAre you having problems with your accommodation provider?Nearly 70 students…
Jim Ratcliffe says the UK is a country ‘on the slide’
Co-owner of Manchester United says Britain is in decline because of high taxes and immigrationThe co-owner of Manchester United Sir Jim Ratcliffe has described the UK as being a c…
From BFFs to open war: Better.com’s founder vs. the investor who replaced him
A nasty dispute between a former CEO and his interim replacement has escalated into a fight for control of the once high-flying Better.com.
China bogeyman looms large over American firms’ AI doomsday scenario
Silicon Valley China hawks, Anthropic CEO Dario Amodei among them, fear the country surpassing US’s AI lead as much as superintelligence destroying humanityWhen reporters asked Do…
Domestic datacentres: how computer power can help heat your home
Energy bills are scheduled to rise next month but there are innovative ways to heat your home and save money‘When Giles Gibson turns on the hot tap in his home, the water that com…