Tourists planning to spend Christmas in Hong Kong have fuelled a surge in guest house bookings since October, driving occupancy and room rates to their strongest levels in five years. But those arrivi...
Walmart CEO Doug McMillon (R) is handing over the top job to John Furner in the new year. Walmart 2025 has been a big year for retail CEO transition announcements. Roughly 45 retailers said they are c...
📋 Key Facts ✓ Benchmark raised Hut 8 price target to $85 ✓ Adjustment follows AI data center deal ✓ Lease pushe...
ShopMy founders Harry Rein, Tiffany Lopinsky, and Chris Tinsley. Courtesy of ShopMy AI and social commerce are fueling millions of dollars in investments in the creator economy. Startups from generati...
US President Donald Trump has taken his battle with the Federal Reserve to another level. Fed Chair Jerome Powell announced on January 11 that Trump's Department of Justice has served the central bank...
Trump pledged to use proceeds from the sale of this oil "to benefit the people" of both countries. (Image credit: Evan Vucci)...
US president attacks oil major’s chief executive over his scepticism about investing in South American country...
Economists may have a pretty dismal record with predictions. But we're still interested in what they see in their non-existent crystal balls. (Image credit: Charly Triballeau/AFP via Getty Images)...
Elon Musk’s carmaker delivered fewer fully electric models than its rival in 2025...
The second-hand smartphone market has grown significantly in recent years, but other, bulkier items like washing machines are less frequently refurbished and resold. That could soon be changing....
Article URL: https://www.economist.com/christmas-specials/2025/12/18/the-battle-to-stop-clever-people-betting Comments URL: https://news.ycombinator.com/item?id=46398170 Points: 8 # Comments: 1...
US President Donald Trump says now that Nicolas Maduro is gone, more US oil companies will enter Venezuela and spend billions revitalizing its oil industry. Several key questions have to be answered....
AI-fuelled market euphoria is a new telling of an old story that will not play out differently this time, writes John Plender — but it may have some way still to go...
New York Mets owner Steve Cohen has diversified his asset manager. Rich Storry/Getty Images James Malick, Point72's chief strategy officer, recently departed the hedge fund. Malick joined in 2023 afte...
The Hong Kong Monetary Authority (HKMA) expects to work with other financial regulators to promote artificial intelligence adoption in various sectors over the next five years and further advance fint...
Brazil is preparing to waive visa requirements for Chinese citizens travelling for tourism and business, local media reported on Wednesday citing government sources, in a move that would mark a signif...
The American economy is tipping away from low-wage workers once again. PATRICK T. FALLON/AFP via Getty Images The K-shaped economy has returned, with gaps widening between high and low-income American...
The French government on Sunday revealed plans to tighten checks on food imports in response to mounting protests from farmers concerned about unfair competition. Agriculture Minister Annie Genevard a...
Angi, formerly Angie's List, is a service for home service professionals. Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images Companies such as Angi and Tailwind have said they're t...
A RAM (random access memory) chip, commonly used in PCs. HUIZENG HU/Getty Images As AI companies snap up memory chips , smartphone and PC makers face higher costs and tighter supply. IDC projected a 2...