Business / Finance
Jack Dorsey's Block faces $764 million DOJ settlement as bitcoin profit plunges 50%
The proposed agreement would resolve a federal anti-money-laundering investigation, while lower Cash App trading fees halved Block's quarterly bitcoin gross profit.
Rogue UK energy bosses and brokers face crackdown on mis-selling
Exclusive: Ofgem to be given powers to issue fines and rein in bonuses for executives who ‘reward themselves while customers suffer’Energy bosses in the UK will have their bonuses…
Ethereum dev targets 2028 for quantum resistance, a year early
Ethereum researcher Justin Drake said it is their “hope” that Ethereum will achieve its post-quantum and post-AI transition by December 2028.
Trump personally chose several candidates who just got crushed — and he’s already blaming Republicans for a stunning midterm wipeout
"I wasn’t on the Ballot and if I was, we would have won IN A LANDSLIDE!"
Asked about the cost of living, JD Vance joked about Jon Husted’s butt, then admitted Republicans fell short. Days later, Husted lost Ohio
Voters named the cost of living a top issue. In Ohio, the Democrat who ran on grocery, gas and electric bills beat Trump’s Senate pick.
U.S.-sanctioned Moscow Exchange to list bitcoin and Tether’s USDT in December
Russia’s main bourse wants back the crypto trading Russians do abroad, and one of the coins it's listing is issued by a company that freezes wallets on the U.S. sanctions list.
South Korea's ruling party wants to delay its crypto tax again
South Korea's ruling party wants to delay crypto tax by about two years, as it waits for global tax-sharing rules and new digital assets law.
Trump promised every adult $5,000 if Republicans kept control of Congress. Thanks to Democrats, taxpayers won’t have to pay up and blow up the debt
Democrats flipped at least six Senate seats and won the House, gaining power over Trump’s nominees and investigations but not his veto.
Britain’s housing market unlikely to recover until 2028, says Savills
House prices forecast to fall by 1.5% next year as Middle East war keeps mortgage rates higher for longerBritain’s sluggish housing market is not expected to recover until 2028 as…
Democrats surge toward Senate, House majorities, with crypto braced for new direction
The dominance of Republicans in all three government branches has been broken by the midterms, and the industry will feel the result as Congress changes hands.
Bitcoin briefly sinks to $75,700 as bets on a Democratic sweep rattle markets
Stock futures and the dollar slid and Treasuries rallied as early U.S. midterm returns pointed to Democrats taking both chambers of Congress.
Democrats claim control of the US Senate
The shift in Senate control could change the path for the CLARITY Act, reshape committee leadership and bring closer scrutiny of Trump’s crypto businesses.
Billionaire Vivek Ramaswamy’s millions and Greg Abbott’s $106 million war chest couldn’t stop Democrats from flipping Texas and Ohio
Democrats flipped governor’s races in Texas and Ohio despite nine-figure spending, and won Iowa’s governorship for the first time since 2006.
North Carolina voters approve tax limits on income and property as cost of living tops voters’ worries
Opponents said a voter-approved constitutional amendment could result in limited tax relief for homeowners and big savings for corporations.
James Talarico wasn’t born the last time a Democrat won a Texas Senate race. At 37, he won one despite $200 million from Elon Musk to stop him
Talarico is the first Democrat to win a Senate race in Texas since 1988, carrying suburban counties Trump won two years ago.
‘Lawyer up’: Democrats take the House, and warn Trump’s family businesses are first in line for subpoenas
Democrats can’t override Trump’s veto, but the incoming Oversight chair promised to probe the family’s crypto deals, and other family businesses.
ZachXBT identifies French bank as alleged victim of $133M crypto theft
The French bank has not confirmed its alleged involvement in the crypto theft, which ZachXBT said could have resulted in losses exceeding $133 million.
In Democrats’ second Senate flip of the night, South Carolina rejects the senator Trump hand-picked
Trump put Darline Graham in her late brother’s seat and even rallied for her thrice. She ran about 10 points behind her own party’s candidate for governor.
Stock futures plunge as blue tsunami hits red states and data center hot spots. Wall Street usually likes political gridlock—but maybe not this time
"A Democratic sweep could complicate negotiations over government spending and the debt ceiling."
Meta says automation wrongly took down No Kings and a Senate candidate’s page. It’s automating more anyway
Lula’s campaign, the No Kings coalition and a Florida Senate candidate ran into restrictions on Meta’s platforms this fall. Each time, Meta blamed errors in its systems.
No more rice grains in Kellogg's Rice Krispies due to changing weather
The new recipes mean cereal packaging will now include a 'contains wheat gluten' warning.
Citi AAdvantage Platinum Select vs. Citi Strata Premier Card: Which Is Better?
Both cards are useful for American Airlines flyers, but one offers more flexibility.
1inch lawyer sees agencies driving US crypto regulation as midterms unfold
Crypto executives expect US regulators to drive crypto policymaking regardless of the midterm election outcome.
Canva layoffs: design giant to cut or relocate more than 1,200 jobs in major restructure
Chief executive Melanie Perkins describes job cuts as ‘without doubt the hardest moment in our thirteen-year history’ in email to staffGet our breaking news email, free app or dai…