Republican Senators Investigate Up to $666 Million in New York Unemployment Fraud
Two Republican senators allege New York lost hundreds of millions to unemployment insurance fraud and have launched a probe into lax fraud controls in several states.
Latest news
Markets & Macro
Markets & Macro
Inflation Surge Casts Shadow Over Housing Market and Fed Rate Outlook
Rising inflation hits its highest level in three years, dimming prospects for near-term Federal Reserve rate cuts and challenging homebuyers facing elevated mortgage costs.
Markets & Macro
U.S. Inflation Accelerates Driven by Energy Costs Amid Political Concerns
Consumer prices rose sharply in May, with energy costs leading the fastest inflation pace since early 2023, prompting mixed reactions from political leaders and market watchers.
Crypto & Fintech
Digital Asset Secures $355 Million to Boost Canton’s Institutional Blockchain Presence
Digital Asset closed a $355 million funding round led by a16z Crypto, positioning its Canton blockchain to deepen its role in regulated finance and Wall Street adoption.
Corporate Power
Galaxy Z Fold 7 Discounts Reach Record Lows on Amazon and Best Buy
New and open-box Galaxy Z Fold 7 models drop significantly below retail prices, with offers saving up to $700 on popular electronics sites.
Markets & Macro
Congress launches nationwide campaign targeting inflation, exam frauds, and social issues
The Congress party has initiated a three-month nationwide campaign mobilizing leaders and workers to address inflation, unemployment, exam scams, social inequality, and diplomatic concerns amid ongoing geopolitical tensions.
Crypto & Fintech
Solana’s Token Price Lags Despite Rising ETF Assets and Network Activity
Despite Solana’s spot ETF assets surpassing $1 billion and strong on-chain activity, the SOL token price remains subdued, highlighting a weak link between usage and value capture.
Corporate Power
Study Finds Vast Disparity Between Street Fentanyl Use and Addiction Treatment Dosages
Research shows regular street fentanyl users consume opioid doses nearly 100 times higher than clinical pain guidelines, highlighting challenges in effective addiction treatment.
Energy & Climate
Rising Sea Levels Threaten Mangroves’ Role as Carbon Storage Ecosystems
New research reveals that rising seas could compromise mangrove forests’ ability to store carbon, potentially transforming these coastal ecosystems into net carbon emitters over time.
Big Tech
Evaluating SpaceX’s $1.75 Trillion Valuation Amid Enormous Market Ambitions
SpaceX’s upcoming IPO sparks debate over its staggering $28.5 trillion market opportunity, largely driven by its recent AI acquisition and ambitious growth projections.