Business / Finance
Putin reaches for cash with new taxes on miners and savers as war spending swells Russia’s deficit to $72 billion
The government proposes a 20%-30% windfall profits tax on mining companies that have benefited from prices that have risen since last year.
‘The European Union must be changed’: Poland’s main opposition leader floats EU exit negotiations a year before the country’s election
Kaczyński’s party led Poland between 2015 and 2023, leading to major conflicts with EU institutions over the rule of law and human rights.
Rural food insecurity jumped from 12% to nearly 16% in 5 years—the law that can fix it is sitting on the books
In 1980, President Jimmy Carter signed a new Motor Carrier Act, removing the requirement that trucking companies serve specific regions.
Google value plunges by $500bn as AI fears rattle Wall Street
Google spooked investors so badly that its stock hit a six-month low, after it revealed its AI search summaries were affecting ad revenue.
Binance Drained of $5.5 Billion in Suspected Hack, Tether and Circle Freeze $1.8 Billion
An on-chain tally puts the suspected Binance drain at $5.57 billion across three blockchains, as Tether and Circle froze $1.8 billion.
Alphabet’s stock has worst day in over 20 years, dragging the S&P 500 to first loss in four days
Four out of every five stocks within the S&P 500 climbed, and the index would have been higher if not for Alphabet.
Binance investigates potential multibillion-dollar hack
Binance said it is investigating a potential security breach after suspicious wallet transfers, while co-founder CZ reported nearly $1.8 billion in frozen stablecoins.
Amazon gives Wall Street mixed financial picture in earnings report
E-commerce company posts high cloud computing sales but gives a cautious sales forecast for the fourth quarterAmazon offered a mixed picture of its financial health on Thursday in…
DoorDash offers $17 billion for Instacart: ‘the largest companies are only eating more and more of the pie’
It could lead to less competition in the delivery space, which could raise prices for consumers and give grocers fewer partners to negotiate with.
Binance loses $5.7 billion in 'biggest crypto hack in history'
Crypto prices are sliding on the news, with bitcoin falling back to $79,000.
Coinbase Swings to $719 Million Q3 Profit on Crypto Gains
Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, as revenue held flat at $1.22 billion.
Amazon shares sink as spending on AI overshadows growth in cloud unit
E-commerce giant is among the biggest spenders on AI infrastructure.
Polymarket launches 15-minute ‘Up or Down’ contracts for the price of gold, plans to add stock and forex
The contracts resemble popular 15 minute Bitcoin contracts with the final price determined by data from Chainlink
Healey backs away from cutting welfare cost amid warnings of public finance shortfall
Experts round on chancellor over ‘scattergun’ budget, saying he ducked big tax and spending decisionsJohn Healey has backed away from cutting the cost of welfare this parliament, …
Public companies double share of blockchain revenue since 2022: Report
A new 1kx report finds that public companies are capturing a larger share of blockchain revenue, driven by institutional adoption and real-world applications.
Chrome Can Now Pull Details From Your Gmail to Fill Out Web Forms
Chrome's new autofill uses Google's Gemini AI to search your Gmail for order numbers, tracking details, and flight bookings and fill them into web forms. It is rolling out in the …
Polymarket suspended trading amid reports of user funds being drained
The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised.
Gen Z’s obsession with secondhand clothes is paying off for eBay as its fashion sales with Depop hit $9 billion over the past year
eBay's CEO says Gen Z believes everything they want already exists, and that mindset is helping drive Depop’s sales
Polymarket suspends trading after third-party breach leads to user losses
Polymarket said one of its third-party providers was breached after users reported seeing their accounts drained.
Polymarket Pauses Trading as Prediction Market Investigates Security Incident
Polymarket restricted trading and paused relayer actions as users report funds leaving their accounts. A suspected attacker wallet holds about $2.65 million in POL, per Arkham dat…
Hackers Publish Work Details of 41,000 Homeland Security Employees
A hacktivist group says it took names, titles, and phone numbers of 41,000-plus DHS staff from a login system.
‘It was just a fight that we decided to pick’: Serval raises $150 million at a $3 billion valuation to take on ServiceNow
Sequoia led the $150 million round and is doubling down. ServiceNow says AI makes it easier to build a startup, not to run an enterprise.
Does home insurance cover storm damage?
Home insurance will typically cover various types of storm damage, but you may face exclusions for flooding or sewer backup damage without added coverage.
Which Gen Z will show up for the midterms: the socialist rebels or the ones who reelected Trump?
Gen Zers talk like socialists and bet like capitalists. Two years after they helped reelect Trump, a nation turns its lonely eyes to them.