2+ week, 6+ day 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…...

2+ week, 6+ day ago   (395+ words) Earlier this week, the European Central Bank issued a dire warning, warning that a “market correction” following years of AI hype and massive spending could be nigh — a crash that could have enormous international consequences. It joined a growing chorus…...

3+ week, 1+ hour ago   (467+ words) Phillip Grant is feeling optimistic. He thinks he’s the best man to operate Mayor Zohran Mamdani’s city-run supermarkets. Along with being a former city economic development executive and construction entrepreneur, he’s a New Yorker who’s shocked that an orange costs…...

3+ week, 13+ hour ago   (1468+ words) Year after year, the federal government has spent more than it collected in taxes. Each annual shortfall increased the national debt, slowly at first and then by leaps, defying warnings of an inevitable reckoning. Now, the reckoning may be at…...

3+ week, 16+ hour ago   (764+ words) For roughly 76 million American households, federal income taxes could eventually disappear—if a proposal by billionaire Amazon founder Jeff Bezos ever becomes reality. The Blue Origin owner argued the bottom half of U.S. earners should pay no income tax, saying…...

3+ week, 22+ hour ago   (691+ words) The discounts, promotions and offers you receive from businesses from Starbucks to Kroger to Target to Home Depot are all too often targeted calculations about what to charge you, built from data including your location, browsing history and social media…...

3+ week, 1+ day ago   (1337+ words) The era of low interest rates is over. The economic hangover is just beginning. Interest rates on long-term U.S. government debt hit their highest level in nearly 20 years this week, and yields are also rising for government bonds around the world....

3+ week, 1+ day ago   (674+ words) Twenty-five years ago, multinationals found themselves facing an affordability crisis. Emerging economies were growing at 3x to 4x the rate of developed economies (they are still growing ~2x faster now). The collective purchasing power of billions of potential consumers and the growing middle…...

3+ week, 1+ day ago   (640+ words) The summer intern hunched over their phone, surreptitiously typing away, might be doing one of two things: betting on a prediction market or managing an AI chatbot. Morgan Stanley’s equity research team asked the firm’s summer interns about both their…...

3+ week, 2+ day ago   (309+ words) The world does not need any more AI productivity tools. We’ve evaluated such tools running well into triple digits in the past 12 months alone, and believe that the vast majority of those are destined for the graveyard. We’re in the…...