Category: Finance

House lawmakers released damning correspondence between economist Larry Summers and the late convicted sex offender Jeffrey Epstein on Nov. 12, 2025. The exchanges, which were among more than 20,000 newly released public documents, documented how Summers – a former U.S. Treasury secretary and Harvard University president – repeatedly sought Epstein’s advice while pursuing an intimate […]

New York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%. Combined with the state income tax, which is 10.9% for the top bracket, the increase would cement the city’s position as having the highest taxes on top earners in the country. It […]

The EAT-Lancet Commission on healthy, sustainable, and just food systems 2025 report and the FAO State of Food Insecurity and Nutrition in the World report, both recently released, have delivered a clear warning – the world’s food systems are failing both people and the planet.   Both reports hammer home the need for greater financing […]

The 2025 government shutdown drew widespread attention to how many Americans struggle to get enough food. For 43 days, the more than 42 million Americans who receive Supplemental Nutrition Assistance Program benefits had to find other ways to stock their cupboards. When asked how she felt about her benefits being suspended, one woman in West […]

Although advertising revenue largely sustained the news media in the 20th century, it’s been harder to come by in the digital age. News media outlets just aren’t as important these days for advertisers when they can reach potential customers so many other ways, including through social media. Some news outlets are relying more on subscription […]

In late October 2025, as much as US$2 billion vanished from a digital marketplace. This wasn’t a hack or a bubble bursting. It happened because one company, Valve, changed the rules for its video game Counter-Strike 2, a popular first-person shooter with a global player base of nearly 30 million monthly users. For years, its […]

AI infrastructure provider Lambda has raised $1.5 billion in Series E funding, just weeks after announcing a multibillion-dollar agreement with Microsoft to supply tens of thousands of Nvidia GPUs. The deal underscores how the AI infrastructure boom is reshaping the data center industry, creating new winners in the race to power compute-hungry workloads. Funding Round […]

By now, Americans know the strange math of minting: Each penny costs about 4 cents to make. Chances are you have some in a jar, or scattered among pockets, purses and car ashtrays. As small as it is, the penny punches above its weight culturally. If it ever disappeared, so too might the simple kindness […]

November 17, 2025 — Amazon is preparing to raise $12 billion through its first U.S. bond sale in three years, a move that underscores the company’s aggressive push into cloud infrastructure and artificial intelligence hardware. The offering, reported by Bloomberg, comes as Amazon ramps up capital spending to meet surging demand for computing power. Capital […]

Not long ago, the idea of getting paid to share your morning routine online would have sounded absurd. Yet today, influencers are big business: The global market is expected to surpass US$32 billion by the end of 2025. Rooted in celebrity culture but driven by digital platforms, the influencer economy represents a powerful force in […]