Business
Khan’s London housing fund may need bailout, auditors warn
Mayor’s property development vehicle repeatedly missed payments on £300mn debt
Inside Wall Street’s booming $1tn ‘synthetic risk transfer’ phenomenon
The latest three-letter acronym to excite and alarm people
Rubik’s Cube is still selling millions after 50 years. Here’s how the old-school toy is keeping up with Gen Z’s digital shift
Erno Rubik’s Cube is still selling millions after 50 years as it refuses to be frozen in time. Read More
Hedge funds cash in on Trump-fuelled crypto boom
Brevan Howard and Galaxy Digital’s crypto strategies made more than 30 per cent in November
Southeast Asia has $60 billion AI boom, but its own startups are missing out
Only 122 AI funding deals have taken place in Southeast Asia in 2024, versus the APAC total of 1,845. Read ...
Xi Jinping urges Macau, the world’s largest gambling hub, to diversify away from casinos
Xi on Friday touted Macau’s accomplishments under Chinese rule, including its international appeal and a per capita GDP that’s among ...
China’s hottest stock rockets 370% on craze for collectibles
Morgan Stanley calls Pop Mart a “global brand in the making.” Read More
Nike’s new CEO says turnaround efforts may hurt in short term
Chief Financial Officer Matt Friend said that revenue in the company’s current quarter is expected to decline in the low ...
Diageo is said to weigh Ciroc Vodka sale after Diddy tie-up ends
Diageo is studying a sale of Cîroc following the settlement in January of a lawsuit with Combs where he accused the spirits ...
Jane Fonda, 86, is Meta’s latest virtual workout coach: ‘We have to keep moving’
The icon’s workouts really delivered—on sweat, fun, leg warmers, and Fonda witticisms. Read More
How to watch the NFL’s penultimate Thursday Night Football game of the 2024-2025 season live online for free—and without cable
The Bengals try to stay alive. Read More
Paramount-Skydance merger faces a new challenge over concerns about a China-based investor
Proposed Hollywood studio merger between Paramount and Skydance Media has received a new challenge this week. Read More
Inside Robinhood’s effort to retain employees of its $300 million acquisition with ‘exploding offers’
While Robinhood’s acquisition of TradePMR won’t close until next year, the fintech is rolling out plans ahead of time. Read ...
As Trump and Musk battle with Congress over $100 billion in disaster aid, homeowners and small businesses are waiting anxiously in the wings: ‘I’m tracking this bill like a hawk right now’
“Without federal disaster money right now, or without some assistance, people like me will not be farming much longer,” one ...
Trump endorses House GOP deal to avert government shutdown, suspend debt ceiling
House Republicans fell into chaos after President-elect Donald Trump and Elon Musk panned a bipartisan deal which would have averted ...
Amazon workers strike across seven facilities at peak of holiday shopping season
Amazon workers at seven facilities in New York, Georgia, California and Illinois went on strike on Thursday.
US diplomats prepare to meet Syrian rebel leader in Damascus
Al-Jolani, who remains under western sanctions, will host state department’s top Middle East official
Ew: Fartcoin hits $1 billion market cap as memecoin market explodes
AI memecoins often feed off of fleeting internet attention. Read More
The stock market loves Trump—but ‘crash protection’ is in high demand
Investors may be protecting themselves in case the President-elect swings big on tariffs and is serious about mass deportations. Read ...
Lord Peter Mandelson to be UK’s next ambassador to US
Former Labour cabinet minister picked for new role by Sir Keir Starmer
Don’t leave your money to the government: Why estate planning is critical for those who are single and child-free
‘If you don’t, then the government is going to do some maybe esoteric things with your assets.’ Read More
Luigi Mangione faces federal murder charge in UnitedHealthcare killing
Suspect in Brian Thompson’s slaying returns to New York where he now faces a second criminal case
Elon Musk spent the day bashing a spending package before Donald Trump tagged in and threatened any Republican who voted for it. The bill is dead.
Musk and Trump effectively quashed a spending bill that could have avoided a government shutdown via their social media platforms. ...
Avoid holiday scams in 2024: Red flags and recovery strategies
In some cases, scammers craft deepfake videos of fake testimonials from satisfied “customers” to trick unsuspecting shoppers. Read More
Congress rushes to pass US spending bill as shutdown looms
Donald Trump and his supporters call for debt ceiling to be raised after scuppering ‘unacceptable’ bipartisan measure
Renewed inflation fears stalk central bankers as markets shudder
Policymakers say they will only cut rates slowly in 2025 as they struggle with ‘last mile’ of cooling price growth
Trump is slamming the stopgap spending bill for being too expensive while simultaneously calling for a higher debt ceiling
Trump and Elon Musk have forced congressional Republicans to do a 180 on the bill, which House Speaker Mike Johnson ...
Big bets on AI point to venture capital industry’s shift
The strategy of focusing money on larger deals comes at time of extreme indigestion for start-up investors
