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Category: Economy

Economy

Abercrombie ex-CEO Mike Jeffries pleads not guilty in sex crimes case

October 26, 2024

Former Abercrombie & Fitch CEO Mike Jeffries, his partner Matthew Smith and associate James Jacobson face sex trafficking and interstate…

This is why David Einhorn thinks Peloton could be worth five times what it is now
Economy

This is why David Einhorn thinks Peloton could be worth five times what it is now

October 26, 2024

David Einhorn's Greenlight Capital had a $6.8 million stake in Peloton as of June 30, and he thinks the company…

Elon Musk’s secret talks with Putin ramped up during his Twitter takeover: WSJ report
Economy

Elon Musk’s secret talks with Putin ramped up during his Twitter takeover: WSJ report

October 26, 2024

Tesla and SpaceX CEO Elon Musk has engaged in secret talks with Vladimir Putin since late 2022, The Wall Street…

Jeff Bezos killed Washington Post endorsement of Kamala Harris, paper reports
Economy

Jeff Bezos killed Washington Post endorsement of Kamala Harris, paper reports

October 26, 2024

The Washington Post planned to endorse Kamala Harris over Donald Trump before owner Jeff Bezos, the Amazon founder, decided against…

Delta sues CrowdStrike after widespread IT outage that caused thousands of cancellations
Economy

Delta sues CrowdStrike after widespread IT outage that caused thousands of cancellations

October 26, 2024

Delta is seeking damages for its losses from the July IT incident, as well as litigation costs and punitive damages.…

Yum Brands and Burger King pull onions from select restaurants after McDonald’s E. coli outbreak
Economy

Yum Brands and Burger King pull onions from select restaurants after McDonald’s E. coli outbreak

October 24, 2024

Yum Brands said it has been monitoring the recently reported E. coli outbreak, which has been linked to Quarter Pounder…

Elon Musk is $26 billion richer after Tesla’s best day on the stock market since 2013
Economy

Elon Musk is $26 billion richer after Tesla’s best day on the stock market since 2013

October 24, 2024

Tesla shares soared 22% on Thursday, lifting the world's richest person's net worth by roughly $26 billion. ...

French trader bet over $28 million on Trump election win using 4 Polymarket accounts
Economy

French trader bet over $28 million on Trump election win using 4 Polymarket accounts

October 24, 2024

Supporters of Donald Trump, including Elon Musk, have touted shifting election odds on Polymarket even as polls largely show a…

Tesla stock soars 22% for best day in over a decade on Musk’s 2025 growth projection
Economy

Tesla stock soars 22% for best day in over a decade on Musk’s 2025 growth projection

October 24, 2024

Tesla shares soared 22% Thursday, the stock's best day in 11 years, following its better-than-expected third-quarter earnings. ...

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Crypto World

1
Cryptocurrency

Bitcoin rallies to $109.7K but pro traders question BTC’s price momentum

July 3, 2025

Key takeaways:Bitcoin trades near all-time high, but derivatives data show traders remain cautious and uncommitted.The USDT discount in China and spot Bitcoin ETF outflows highlight investor concerns over global trade tensions.Bitcoin (BTC) surged above $109,000…

2
Cryptocurrency

Ripple applies for US banking license, joining crypto rush for legitimacy

July 3, 2025

Crypto firm Ripple Labs is applying for a banking license in the US, following a similar move by stablecoin issuer Circle Internet Group as crypto firms look to be regulated to deepen ties with traditional…

3
Cryptocurrency

BlackRock Bitcoin ETF earns more than its flagship S&P 500 fund

July 3, 2025

BlackRock, the world’s largest asset manager, is now earning more in annual fees from its spot Bitcoin exchange-traded fund than its flagship S&P 500 fund, according to a recent report.“IBIT overtaking IVV in annual fee…

4
Cryptocurrency

First Solana staking ETF hits $12M in ‘healthy’ first trading day

July 3, 2025

The United States’ first Solana staking exchange-traded fund (ETF) ended its debut trading day with $12 million in inflows — a positive sign for crypto staking-enabled ETFs.The REX-Osprey Solana Staking ETF debuted on the Cboe BZX…

Economy

Economy

Microsoft laying off about 9,000 employees in latest round of cuts

July 3, 2025
Economy

Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index

July 3, 2025
Economy

Trump says U.S. struck trade deal with Vietnam that imposes 20% tariff on its imports

July 3, 2025
Economy

House GOP infighting stalls Trump’s tax bill

July 3, 2025
Economy

With June jobs report looming, DOGE government layoffs could start becoming a factor

July 3, 2025
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