Business / Finance
One of the world’s richest countries has taxed personal wealth for over a century—while also adding more millionaires
In Zurich, someone with $1 billion in net worth faces a wealth tax with an effective rate of 0.7%.
Americans are paying up to $2,000 to have pumpkins arranged on their porches—and one Texas side hustle turned it into a six-figure franchise
Porch decorating is basically the spooky equivalent of professional Christmas light installation, which is now a $3.5-billion-a-year industry.
SpaceX Locks Up $40 Billion for AI Chips as Musk Warns Most Neoclouds Will Die
Elon Musk says SpaceX closed a $40 billion chip deal with Apollo while lenders shut the door on smaller AI cloud firms, a split that could decide who controls computing.
No10 clarifies Burnham’s stance on Brexit after he hinted at return to freedom of movement
PM fuelled speculation about EU-UK relationship and indicated he could fight next election on promise to rejoin EUDowning Street has been forced to clarify Andy Burnham’s stance o…
Anthropic’s founders’ 80% giving pledge could be worth nearly $80 billion
The seven cofounders hold about $99 billion in stock at the latest private price, but the filing calls the pledge voluntary and revocable.
Ben Jennings on Andy Burnham’s plans for young people – cartoon
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AI’s boost to the U.S. economy is nearing its peak, Goldman says, as Apollo finds ‘zero financial payoff’ outside Big Tech
Apollo’s Torsten Slok rocked Wall Street with his take that AI returns just aren't there, then Goldman’s Jan Hatzius flagged two major downsides to growth.
NBA names Kalshi, Polymarket preferred exchanges, signs CFTC deal
The US professional basketball league is expanding into prediction markets with official data agreements and safeguards against insider trading.
Elizabeth Holmes insists she never lied. A deception expert says ‘You Can See Everything’ hinges on one tiny word
A University of Puget Sound professor who studies deception says Holmes may have mastered “paltering,” using true statements to create false impressions. Nathan Fielder’s hit docu…
EQT becomes the nation’s leading natural gas ‘juggernaut’ with a $13B deal as data center, export demand surges
EQT will acquire Range Resources to create the leading natural gas behemoth in the Appalachia.
Bitcoin Wallet Fixes Critical Flaw That Redirected Funds to Attackers
A confirmed exploit let rogue servers replace Electrum’s pending transactions, tricking users into redirecting Bitcoin to attacker addresses.
The regime change we need for Thames Water | Letters
Terry Barker says nationalisation changes who owns the shares, it does not change the rules, while James Wallace says the powers to intervene already exist. Plus a letter from Phi…
Anthropic's blockbuster share listing - 5 surprising things we now know
Anthropic’s IPO prospectus is 355 pages and full of never before disclosed company information.
What the claw arcade game tells us about the cost of living crisis | Zoe Williams
No matter how you crunch the UK data, prices are rising while average wages stagnate. The system is rigged – and it’s time we kicked over the toy dispenserAbout a decade ago, the …
Airport lounges: how did they get so horribly, competitively decadent?
High-end cocktails, nap pods, waffle stations, tapas attendants, sashimi bars and brutalist art. The airlines’ battle to please the 1% is getting increasingly bizarreName: Airport…
What makes Andy Burnham think Britain can rejoin the EU? – podcast
Andy Burnham claims revising Brexit would ‘bring people together’. The PM wants to look again at issues such as free movement but rules out joining the euro or Schengen. Would rej…
India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’
The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 million—and it…
Anthropic plans to spend up to $567 billion on compute. Its IPO prospectus reveals plans to set up its own data centers
The company's success depends on it, but intense competition and supply chain shortages stand in the way.
South Korea lawmakers mull pushing crypto tax implementation to 2029
The Seoul government is reportedly weighing another delay for a 2020 income tax policy on digital assets, citing concerns with receiving data from US officials.
Anthropic’s dual-class share structure borrows ideas from Mark Zuckerberg, Elon Musk—and the New York Times
The AI lab’s IPO filing creates five classes of common stock. Only one is for sale.
Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines
The Ethereum treasury firm spent $46 million buying back shares as Chairman Tom Lee said crypto has held up better than AI stocks during the recent market pullback.
Brazil’s Stock Market Crashes After Lula’s Upset Victory
The iShares Brazil ETF fell as much as 26% after Lula da Silva beat Flávio Bolsonaro, who prediction markets had at 80%, while the dollar jumped as much as 12% against the real.
NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balks
The U.S. derivatives regulator, which has championed the arrival of prediction market firms such as Kalshi, has been gathering allied sports leagues.
Kalshi strikes deal with S&P Dow Jones Indices to expand financial event contracts
The agreement adds S&P Dow Jones gauges to a growing list of Wall Street firms expanding their involvement in prediction markets.