Business / Finance
Wall Street rethinks AI data center boom as Texas election raises new risks
Bitcoin miners pivoting to AI face new uncertainty over power access and construction permits, while companies with approved projects could benefit from tighter supply.
Rhode Island’s new Governor Helena Foulkes spent 25 years at CVS and lost her first election—she says failure and bad bosses made her a better leader
Helena Foulkes spent decades in corporate before making a run for governor: ‘You can go for something and it doesn't work, and yet other gifts come’
After the US midterms, what will a lame duck Trump mean for the global economy?
Republicans’ crushing setback will play out in stock markets, inflation, interest rates and economic growthDonald Trump’s loss of control of the House of Representatives and the S…
‘A massive rebuke of the last two years of the Trump administration’: elections expert stunned by Elon Musk lighting half a billion dollars on fire
Democrats took control of the House and Senate, flipping Senate seats in Texas, South Carolina, North Carolina, Kansas and Ohio.
Ray Dalio: why I recommend being a catalytic leader
The World Economic Forum provides a great example of catalytic leadership in action via its Global Accelerator for Earth Action (GAEA) initiative.
Alligator strolls into bagel shop in North Carolina – video
A small alligator found its way into the back room of Bagel Dock Express in North Carolina before strolling into the main restaurant area, scaring employees. Continue reading...
Once it was a £1 hanger. Now it’s a £15 locker. Why do cloakrooms cost so much on a night out?
The cost of checking your coat or bag is galloping ahead of other – also rising – prices at venues. We explain the surprisingly complex reasons whyNot long ago, it cost just £2 to…
Poundland suppliers warn US owner must not maximise its return at their expense
British companies that supply the budget retailer face millions of pounds-worth of losses if it collapsesSuppliers facing millions of pounds in losses if Poundland collapses have …
Bitcoin hits $80.5K as US stocks rally on midterm election results
Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.
Crypto Long & Short: ICE is betting on retail’s appetite for quick outcomes
Retail traders increasingly want trades that resolve fast, from prediction markets to same-day options. Andy Baehr of GSR argues perpetual futures belong in that group, and that I…
CVS Health to split pharmacy chain from health insurance
CVS Pharmacy will be separate from CVS Health, housing major insurer Aetna and benefits manager CaremarkCVS Health, the largest US healthcare conglomerate valued at $117bn, has an…
‘It’s just vape shops, nail shops, charity shops’: Can anything save the British high street?
It’s 20 years since Jo and Richard Hill bought anything in Rotherham city centre. Why have they and so many locals abandoned it for the nearest retail park – and what would it tak…
The worst two words in the dead of night? ‘Motorway closed’ | Adrian Chiles
You are shunted into side streets, crawling along, united with your fellow drivers in wordless despair. Last week, at 2am, my spirit brokeThe worst three words in the transport le…
Mortgage Rates Today, Wednesday, November 4: Back Up
Mortgage rates jumped after stronger-than-expected jobs data raised expectations for a Fed rate hike next month.
The election changes Washington. The work on crypto continues
The next Congress inherits an unfinished assignment: establishing clear, lasting rules for digital assets that protect consumers and ensure American innovation continues to thrive…
Live updates: Bitcoin and stocks post big gains, reversing overnight plunge following Blue Wave landslide
The biggest losers, so far, are the AI data center stocks following victories for several candidates who campaigned expressly against the sector.
UK interest rates increase expected after services sector activity accelerates
Purchasing manager’s index at eight-month high, bolstered by spending on AI as firms regain momentum since start of Iran warBusiness live – latest updatesThe Bank of England is ex…
France backs reporting for self-custodied crypto worth 100K euros or more
The amendment would require taxpayers to report holdings worth at least $112,000, but the measure still needs to survive the budget process.
Weil Gotshal is a canary in the legal coal mine
With the profession's traditional business model under strain, the taboo against outside capital is overdue for a reckoning.
Morning Minute: CFTC Clears Stock Perps, Gets Sued the Same Day
Plus, pro-crypto spending largely failed to produce results as the Democrats swept the Senate and House in Midterms.
Bitcoin Shrugs Off Midterms as Experts Say Democratic Sweep Was 'Priced In'
Experts say the Democratic sweep was largely priced in, but it makes the road ahead harder for crypto policy.
The midterms won’t ease borrowing costs. Here’s what CFOs should do now
A former Fed bank examiner and two EY-Parthenon leaders explain how to stress-test investments, shore up liquidity and rethink AI spending.
Global asset manager Schroders brings emerging market bond fund to Solana
The global asset manager, which oversees $1.1 trillion in assets, is bringing an actively managed bond strategy onchain through tokenization specialist Centrifuge.
THORChain's RUNE jumps 10% as North Korean hackers resume laundering Binance loot
North Korea’s TraderTraitor is routing Binance hack proceeds through THORChain, swapping ether for bitcoin after an earlier wave of conversions from Tron.