With Trump all in on crypto, bitcoin bulls bet the trillions in cash on America's corporate balance sheets are next

Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal

Zelle said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier.

CNBC - Feb. 12

Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal

Zelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform.

NBC News - Feb. 12

Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says

Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.

CNBC - Feb. 13

Credit card debt hit $1.21 trillion. Here's why 'no one should be surprised,' expert says.

Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.

NBC News - 6d

House GOP panel passes budget blueprint with $4.5 trillion in tax cuts, steep spending reductions

The Republican-controlled House Budget Committee voted along party lines to advance a massive budget blueprint to slash taxes and spending by trillions of dollars.

NBC News - 6d

U.S. housing market could lose nearly $1.5 trillion in value due to rising costs of climate change

By 2055, 84% of all U.S. homes may see some drop in value, totaling $1.47 trillion in losses, according to an analysis by climate-risk firm First Street.

CNBC - 1d

Rape under wraps: how Tinder, Hinge and their corporate owner chose profits over safety

Match Group has known since 2016 about abusive users on its dozen dating apps, but leaves millions of people in the dark. The Dating Apps Reporting Project is an 18-month investigation. It was ...

The Guardian - Feb. 13

Elon Musk Says He Will Drop OpenAI Bid if Company Keeps Corporate Structure

In a court filing, Mr. Musk said he and other investors would pull their $97.4 billion bid if OpenAI withdrew its plan to change its structure.

The New York Times - Feb. 13

Southwest Airlines to cut 1,750 corporate positions in first nonvoluntary layoffs in its 53-year history

Southwest Airlines said it seeks to cut costs and create a leaner, more competitive company.

MarketWatch - 2d

Maga replaces DEI in America’s boardrooms

Plus, UniCredit’s bid for Commerzbank finds support within Germany’s industrial base and Lazard’s quick windfall on this year’s big hostile takeover effort

Financial Times - Feb. 12

David Macaulay, America's "Explainer-in-chief"

The author has spent more than 50 years finding ways to explain things, via his humorous and intricately illustrated books featuring wooly mammoth guides – his attempt to hook young readers on the ...

CBS News - 4d

How America's standing in the world is measured

How do you measure America's standing in the world -- by the strength of its economy or the welfare of its citizens? A bipartisan group of scholars crunched nearly 30 years of data and found where ...

CBS News - 1d

Is America preparing to abandon NATO and Europe?

We live in an era of multipolarity, where American hegemony is contested, and the assumptions that underpinned NATO’s longevity are eroding.

The Hill - 44m

RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances

Robert F. Kennedy Jr.'s recent financial disclosures show a "massive" amount of credit card debt, according to experts.

CNBC - Feb. 7

Syria’s revolution hangs in the balance. The west must lift sanctions now | Simon Tisdall

Competing interests and rivalries between regional powers threaten hopes of change after the fall of Bashar al-Assad. Previously undisclosed Pentagon plans for withdrawing 2,000 US troops from ...

The Guardian - Feb. 8

Marvel Rivals Season 1 Balance Changes Take Aim At Triple Support Meta

Some of the most popular Strategists in Marvel Rivals are about to become less overpowered, as developer NetEase has revealed some of the balance changes coming as part of the game's mid-Season 1 ...

GameSpot - 2d

U.S., Russia end first high-level talks since 2022 as Ukraine peace negotiations hang in the balance

Ukrainian officials were not present at the talks in Riyadh, Kyiv said, and European allies remain frozen out of the discussions for now.

CNBC - 2d

UConn mounts second-half rally to avoid Villanova upset as Dan Hurley says season was 'hanging in the balance'

UConn punched off the ropes to close the game on a 27-6 run to secure a comeback win

CBS Sports - 1d

Man who lost Bitcoin fortune wants to buy tip where it may be buried

James Howells wants to search a landfill site where he lost 8,000 bitcoins now worth about £620m.

BBC News - Feb. 10

Man who lost bitcoin fortune in Welsh tip explores purchase of entire landfill

James Howells lost case to force Newport city council to allow him to search for hard drive discarded by accident. A computer expert who has battled for a decade to recover a £600m bitcoin fortune ...

The Guardian - Feb. 10

Man pleads guilty in hack of SEC's X account that claimed approval of bitcoin ETFs

The price of bitcoin rose more than $1,000 after the January 2024 hack of the X account of the U.S. Securities and Exchange Commission.

CNBC - Feb. 10

GameStop’s stock rises after CEO Ryan Cohen’s social-media post sparks bitcoin chatter

Cohen posted a photo of himself with Michael Saylor, the executive chair of the business-software company and cryptocurrency play that recently changed its name to Strategy.

MarketWatch - Feb. 10

As gold nears $3,000, here’s how its surge compares to bitcoin and the stock market

Gold has been on an impressive run toward the $3,000-an-ounce milestone, with a years-long buying spree by central banks and economic uncertainty tied to President Donald Trump’s policies leading ...

MarketWatch - Feb. 11

Man at the centre of £620m Bitcoin row says he won't stop until he gets hard drive back

James Howells claimed his ex-girlfriend threw out the hard drive, today worth £620m, in 2013.

BBC News - 4d

Bitcoin’s weakness may mean the U.S. stock-market rally isn’t sustainable. Here’s why.

Bitcoin’s recent weakness may indicate that the U.S. stock rally is more fragile than it seems.

MarketWatch - 20h

Proper care for people who are struggling isn’t ‘soft’ – it saves cash | Phillip Inman

New research suggests that spending on those with the most complex needs can release so much financial benefit that it should be regarded as an investment. One of the reasons Rachel Reeves wants ...

The Guardian - Feb. 8

Chinese companies don't know where to put their cash — and it's sparking a record rise in dividend payouts

Chinese companies are enticing investors with record dividend payouts, with some market watchers saying more are on the horizon.

CNBC - Feb. 11

2025 Super Bowl incentives: Eagles' Saquon Barkley, Jalen Hurts cash in big following victory over Chiefs

Also, every Eagles and Chiefs player will receive Super Bowl game bonuses

CBS Sports - Feb. 11

$100,000 home equity loan vs. $100,000 cash-out refinance: Which is better right now?

Both have benefits, but for many homeowners, a $100,000 home equity loan could make more sense now. Here's why.

CBS News - Feb. 12

Olipop Just Landed a $1.85-Billion Valuation After Raising $50 Million. Here’s How It Plans to Spend the Cash

The prebiotic soda brand and two-time Inc. 5000 honoree was previously valued at $200 million in 2021.

Inc. - Feb. 13

2025 Daytona 500 prize money, purse: How much cash is on the line in the Great American Race this weekend

The drivers and teams are competing for a lot of money on Sunday afternoon

CBS Sports - 4d

An ice rink to fight the opioid crisis? Some regrets over settlement cash spending

A decision about how to spend settlement funds in a Kentucky country hard hit by the opioid epidemic, offers a window into the choices that surround this windfall.

NBC News - 1d

Muddy, bloody and bruised, Fin Smith comes of age on the grand stage | Andy Bull

Incredible clutch performance of the sort fans have craved proves England have found their new fly-half. How many years can a man grow in an hour and 20 minutes? At quarter to five on Saturday ...

The Guardian - Feb. 8

Curry scores 34 points, Butler adds 25 in Golden State debut as Warriors rally to beat Bulls 132-111

Stephen Curry scored 34 points and tied a season high with eight 3-pointers, Jimmy Butler added 25 points in his Golden State debut and the Warriors rallied to beat the Chicago Bulls 132-111

ABC News - Feb. 8