Eighth-Grade Dropout Admits to Stealing $245 Million in Bitcoin in Elaborate Phone Scam
A 22-year-old man has pleaded guilty to stealing nearly $240 million in bitcoin from a Washington, DC, resident in one of the largest cryptocurrency thefts in US history. He carried out the heist alongside a group of friends before going on a massive spending spree with the stolen funds.
China’s Inflation Numbers Inch Back Up but Demand Remains the Real Problem
China saw a rebound in both consumer and wholesale inflation in August, offering a modest boost to economic data. However, analysts caution that the improvement is largely driven by favorable base-effect comparisons from the previous year and rising commodity costs, rather than a meaningful increase in household spending or genuine domestic demand strengthening.
Some Republicans Now Back a Tax Hike to Save Social Security
Some Republicans are breaking with their anti-tax stance and warming up to the idea of raising payroll taxes to save Social Security. With the program’s funding projected to run out, increasing payroll taxes is gaining traction as a preferred solution to avoid steep cuts to retirement benefits that millions of Americans depend on.
Italian Guanciale Recalled in Nine States Over Dangerous Listeria Risk
A Popular Italian Delicacy Pulled From Shelves Two food distributors are pulling more than 1,500 pounds of imported Italian pork guanciale from shelves across the country after routine government testing found the product may be contaminated with a dangerous bacteria. Guanciale — a dry-cured pork…
Millions of Homeowners Bet on Rate Relief and Lost — Now What
A Wait That Just Keeps Getting Longer When Patrice De La Ossa’s son was accepted to the University of Arizona, she made a sacrifice — selling her home in Phoenix and moving to Tucson to save on room and board. The move meant trading a…
Fed Rate Hike Fears, Oracle’s AI Debt, and Record Diesel Prices Collide This Week
A Week That Could Reshape the Rest of 2026 Wall Street is navigating one of its most consequential weeks of the year — and it’s only four days long. Coming off a bombastic August nonfarm payrolls report that far exceeded expectations, investors stepped into a…
Healthcare Will Dominate Hiring Over the Next Decade While AI Reshapes the Job Market
A Slower Labor Market With White-Hot Pockets of Growth The U.S. labor market is bracing for a decade of slower overall growth, but a handful of industries are set to expand at a breakneck pace, according to the Bureau of Labor Statistics. From 2025 to…
Lululemon’s Billionaire Founder Splits From Wife With $6 Billion and No Prenup at Stake
A $6 Billion Fortune With No Legal Guardrails Chip Wilson is divorcing his wife of more than two decades without a prenuptial agreement, leaving a fortune Bloomberg values at $6.1 billion to be divided by a Canadian court. For a man who built one of…
European Nations Are Pulling Their Gold From America and the Reasons Are Alarming
A Quiet but Massive Financial Retreat Billions of dollars in gold are on the move — away from American vaults. In what is becoming one of the most telling financial stories of 2026, European nations are systematically pulling their gold reserves out of North America,…
Strong Jobs Numbers Rattle Markets and Put a Fed Rate Hike Back on the Table
A Jobs Report Nobody on Wall Street Wanted U.S. stocks fell and Treasury yields rose on Friday, September 5, after the government reported that employers unexpectedly added 162,000 jobs last month — a development that could increase the chances that the U.S. central bank will…
