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News
Trump official sent ‘clearest sign yet’ of economic crisis — and time is running out
3+ week, 10+ hour ago (199+ words) A Trump administration official has sent the “clearest sign yet” that an economic crisis is on the horizon, and time is running out to avert a total meltdown, according to a new column. However, she warned, it may be too…...
Hugging Face has been fielding M&A interest for a deal worth at least $13 billion
3+ week, 14+ hour ago (250+ words) The AI industry’s next blockbuster acquisition may not be another model maker. Hugging Face, whose platform helps developers discover, share, and build AI models, has been exploring a sale that could value the company at $13 billion or more. The startup…...
Burry says he sold Alibaba, calling it pricey before share sale
3+ week, 14+ hour ago (279+ words) Michael Burry criticized Alibaba Group Holding Ltd. shares as overvalued and disclosed that he recently exited his position in the Chinese tech giant in order to build a “large” position in rival online retailer JD.com Inc. “I planned to…...
NYC’s Union Square seeing frenzy for office, retail space
3+ week, 14+ hour ago (283+ words) The planned opening of DearU’s Bubble House New York at 24 Union Square East — a nearly 10,000 square-foot signing we first reported in June — was the mere tip of the iceberg in the neighborhood’s commercial boom. The Union Square Partnership business-improvement district…...
The Treasury’s recent moves in the bond and currency markets add up to ‘soft-form financial repression’ to lower debt cost
3+ week, 15+ hour ago (621+ words) With U.S. debt hitting $40 trillion, markets are turning more attention to that burden and whether policymakers will address the root causes or just the symptoms. The Treasury Department’s interventions in the bond and currency markets in recent weeks point to the…...
Buc-ee’s Buckeye backlash as beaver infringement lawsuit infuriates Mini Mart maniacs in Ohio
3+ week, 17+ hour ago (799+ words) A lip-licking alligator, a smiling moose and a hat-wearing bear are among the many cartoon animals to have found themselves in the crosshairs of Buc-ee’s, the popular Texas convenience store chain that has a penchant for protecting its buck-toothed beaver....
Traders bet bitcoin was stuck below $67,000. The Treasury blew that trade up in one afternoon
3+ week, 19+ hour ago (729+ words) Bitcoin and gold shot higher this week, with both getting a boost from some frantic action surrounding the bond market, and the cryptocurrency also benefiting from activity in Washington. Bitcoin had dropped from a January high of around $95,000 to below…...
The tax escape map: Billionaires are bolting for Florida from the West Coast and taking some $29 billion in tax revenue with the
3+ week, 19+ hour ago (565+ words) The billionaire exodus from the West Coast to Florida is underway as the ultrawealthy seek refuge from wealth taxes in states like California and Washington. The tech titans and Schultz join Amazon founder Jeff Bezos, PayPal and Palantir cofounder Peter…...
Despite his $2.6 billion net worth, MrBeast said he’s had to borrow cash and didn’t even have enough money in his bank accou
3+ week, 19+ hour ago (465+ words) “I’m borrowing money. That’s how little money I have,” Donaldson told the Wall Street Journal earlier this year. “Technically, everyone watching this video has more money than me in their bank account if you subtract the equity value of my…...
“Biblical Levels of Insider Trading”: New Prediction Market Monetizes Anything in Livestreams
3+ week, 20+ hour ago (374+ words) A new prediction market has entered the fold, seemingly determined to give the rampant insider trading that its competitors have become known for a run for its money. Called “CRSHMARKET,” the platform purportedly allows users to bet on potentially any…...