business News

GENIUS Act spurs Tether’s USA₮ stablecoin expansion – Details - AMBCrypto

The industry is chasing growth in a world where regulation is now part of the playbook.

Opendoor Board Chair Thinks the Company Should Cut Its Workforce by 85 Percent - Gizmodo

He said "the advent of AI and other technologies" made the workforce reduction a "simple problem" to solve.

Russia's central bank reveals GDP is shrinking, in a sign Putin's war economy has slipped into recession - Fortune

A chart in a central bank report showed GDP shrank on a sequential basis in the first and second quarters, meeting the definition of a technical recession.

Cardano – Can ADA eye $1.16 next amid whale buying frenzy? - AMBCrypto

Cardano whales and traders align as $0.93 resistance nears, signaling a potential move toward $1.16.

China Probes U.S. Chip Sector On Eve Of Trade Talks - Investor's Business Daily

China launched two investigations vs. the U.S. semiconductor industry on Saturday.

xAI reportedly lays off 500 workers from data annotation team - TechCrunch

Elon Musk's AI startup says it's shifting focus from generalist AI tutors to specialists.

Fed’s Lisa Cook called Atlanta condo a ‘vacation home,’ undercutting Trump’s fraud claims - AJC.com

Federal Reserve Governor Lisa Cook referred to a condominium she purchased in June 2021 as a “vacation home” in a loan estimate

Fed's Cook claimed second residence as 'vacation home,' undercutting Trump fraud claims - NPR

Fed Gov. Lisa Cook referred to a condo she bought in 2021 as a "vacation home" in a loan estimate, which could undermine claims by the Trump administration that she committed mortgage fraud.

Crypto investor who called bitcoin’s $120K rally now predicts it will double in next year - MarketWatch

Pantera Capital’s Dan Morehead also outlines his broader forecasts for the future of crypto

Beef Prices Are at a Record. The Winners: Cattle Ranchers - The Wall Street Journal

How The End Of The US EV Tax Credit Could Supercharge EV Sales - CleanTechnica

Support CleanTechnica's work through a Substack subscription or on Stripe. This is actually a simple one, so I’ll keep it quick. I’m not sure if we’ve ever presented this argument at all, and certainly not as a standalone article. Because it’s a clear sequenc…

Oracle’s not-so-secret weapon that’s helped it quickly take on the cloud giants - MarketWatch

Larry Ellison, now Oracle’s CTO, has played a major role in helping the company win AI cloud deals and pivot beyond legacy software

The $14 Trillion US Stock Rally is Seeking a Fed Cut Playbook - Bloomberg.com

A $14 trillion rally that has taken stocks to record highs is heading for an inflection point next week, with investors expecting the Federal Reserve to resume cutting interest rates at its long-awaited monetary policy meeting.

Why foreign travelers are avoiding the U.S. - Axios

Foreign tourists are put off by the tariffs, anti-foreigner rhetoric and aggressive immigration enforcement.

Wednesday's Fed Meeting Will Be Extraordinary. Here's Why - Investopedia

The Federal Reserve's policy committee is widely expected to cut its benchmark interest rate. Outside of that, there's a lot going on.

China Launches Anti-Dumping Probe Against Some US Chips - Bloomberg.com

China launched two investigations targeting the US semiconductor sector ahead of planned talks between the two nations on trade and other issues.

2026 Nissan Leaf First Drive: Good Enough To Put Nissan Back In The Game - InsideEVs

Nissan used to be the leader in affordable EVs. I drove the redesigned 2026 Leaf to see if the company can reclaim that title.

Why stocks keep going up even as the economy softens - The Washington Post

Major stock indexes have climbed steadily upward through one piece of bad economic news after another.

Trump is selling a strong economy. Voters aren’t buying it. - Politico

Privately, aides concede voters remain uneasy about prices but argue their policies are beginning to turn things around.

Trump says he ‘solved’ inflation. What do Americans think? - NJ.com

Here's what polling and data show.