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News
“Biblical Levels of Insider Trading”: New Prediction Market Monetizes Anything in Livestreams
3+ week, 19+ 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…...
The World’s Breadbaskets Are Getting Pounded by War, Weather and Trade Spats
3+ week, 21+ hour ago (1024+ words) Instant noodles. Hot chapatis. Sliced bread. Wheat is at the heart of the modern diet, and this year, it is facing an accumulation of modern dangers. The breadbaskets of the world are getting pummeled by drone strikes and devilish weather,…...
Expert on Financial Crises Says the Signs Are Impossible to Miss
3+ week, 22+ hour 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…...
Inside New Yorkers’ hopes and fears over Mamdani’s city-run grocery stores
3+ week, 23+ 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…...
After decades of free spending, Washington is facing some unpalatable choices
3+ week, 1+ day 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…...
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
3+ week, 1+ day 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…...
Companies Shouldn’t Set Prices One Customer at a Time
3+ week, 1+ day 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…...
Government Spending on Mass Transit Would Be Incredible for Small Towns, Study Finds
3+ week, 1+ day ago (306+ words) When thinking about successful mass transportation in the United States, Americans will inevitably imagine big cities like New York and Chicago — a stereotype shaped by the sorry state of public transit throughout the rest of the country. But what if…...
Waking Up to an Escalating Canada-U.S. Trade War
3+ week, 1+ day ago (935+ words) Even by the standards of the Trump administration it was an up and down week. On Tuesday President Trump declared that a trade deal with Canada had been reached. Late Friday night, Prime Minister Mark Carney blamed last minute American…...
The Economy Got Used to Low Borrowing Costs. Their Exit Could Pose Risks.
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....