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Can the US afford Trump’s $1.5 trillion ‘dream military’?

Donald Trump plans to boost US military spending to $1.5 trillion in 2027. His plan to pay for it does not add up....

Jan 17Al JazeeraPoliticsImpact

South Korea busts $100M underground remittance ring using WeChat, crypto: Report

South Korea’s customs agency charged three suspects over a more than $100 million crypto-linked remittance scheme using WeChat Pay and Alipay, per Yonhap....

5dCoinTelegraphcrimeImpact

De-dollarization: Is the US dollar losing its dominance?

Article URL: https://www.jpmorgan.com/insights/global-research/currencies/de-dollarization Comments URL: https://news.ycombinator.com/item?id=46693346 Points: 30 # Comments: 4...

4dHacker NewseconomicsImpact

Luxury retail giant Saks files for bankruptcy

Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy. Jimin Kim / SOPA Images/Reuters Saks Global has filed for Chapter 11 bankruptcy protection. The luxury ...

Jan 14Business Insidereconomics

AI is turning Big Tech into a superstar economy

A star that may have ripped apart a planet, according to researchers REUTERS/NASA/Handout A version of this story originally appeared in the BI Tech Memo newsletter. Sign up for the weekly Tech Memo n...

Jan 17Business InsiderTechnologyImpact

Thailand’s election turns into a cash splash contest to win votes

Thailand’s election season has triggered a dizzying array of cash giveaway offers from parties vying for votes, from a US$2,000 payment for newborns to debt write-offs and US$100 monthly top-ups for t...

Jan 13South China Morning PostPoliticsImpact

‘No reliable evidence’ Taipan bakery chain can settle debts: Hong Kong judge

A Hong Kong judge has said his decision to order the winding-up of bakery chain Taipan’s parent company is due to there being “no reliable evidence” that the business can settle its outstanding rent o...

3dSouth China Morning Posteconomics

Uber and DoorDash delivery workers missed $550 million worth of tips in New York City, a city report estimates

Changes to how customers tip on Uber Eats and DoorDash have led to lower earnings for gig workers, according to a report from New York City. Artur Widak/NurPhoto via Getty Images Uber Eats and DoorDas...

Jan 13Business InsidereconomicsImpact

Microsoft explains how it plans to keep energy prices down for Americans from its data center buildout

Donald Trump and Microsoft CEO Satya Nadella. Chip Somodevilla/Getty Images Microsoft unveiled a five-point plan to reduce AI data center impact on US communities. The company aims to reduce rising ut...

Jan 13Business InsiderTechnologyImpact

Verizon’s prepaid services add a 365-day wait to unlock phones

It's been just one week since Verizon got permission to lift its 60-day phone unlocking period, and the carrier is already making changes to its policy. Now, Verizon says customers who activate a phon...

3dThe VergeTechnologyImpact

Treasury Secretary Scott Bessent says defense giants are 'failing the American people' by falling behind on orders

Treasury Secretary Scott Bessent (left) and Donald Trump. ANDREW CABALLERO-REYNOLDS / AFP via Getty Images Treasury Secretary Scott Bessent took aim at US defense contractors on Tuesday. He said they'...

3dBusiness InsiderPoliticsImpact

DoorDash salaries revealed: Here's how much the delivery giant pays data scientists, software engineers, and others

DoorDash's H1B visa data for 2025 spans roles from data science to managers overseeing new verticals for the delivery service. Chelsea Guglielmino/Getty Images DoorDash wants to expand its delivery bu...

4dBusiness Insidereconomics

Uber Eats and DoorDash workers could see a bump from New York City's new tipping law. The companies say it'll hurt them.

New York City's law mandating an option to tip when customers pay for their order takes effect on January 26. Tom Williams/CQ-Roll Call, Inc via Getty Images A New York City law requiring a tip prompt...

5hBusiness InsiderPoliticsImpact

ACA health insurance enrollment dropped by 1.4 million. See which states had the biggest swings.

Millions are at risk of losing health insurance without Affordable Care Act subsidies. The Washington Post/The Washington Post via Getty Images 1.4 million fewer Americans enrolled in ACA marketplace ...

Jan 17Business InsiderHealthImpact

She was a first-generation college grad. Now, she has $55,000 in student loans and is postponing having kids.

Eryn Bostwick, 37, is delaying having kids because of her student loan debt. Courtesy of Eryn Bostwick Eryn Bostwick, 37, is postponing having kids due to her student-loan debt. As a first-generation ...

5dBusiness InsidersocietyImpact

A fallen billionaire's bulletproof Mercedes sold at bankruptcy auction for $63,000. Here's how it went down.

Joe Buglewicz for BI Business Insider took a deep-dive look at the bankruptcy auction of an armor-plated Mercedes. The auction was entirely online, and people placed 115 bids without kicking the tires...

Jan 17Business InsidereconomicsImpact

Musk is asking for up to $134 billion in his legal battle against OpenAI and Microsoft

Elon Musk erupted at the EU all weekend, blasting Brussels over censorship and bureaucracy after X was hit with a major fine for "fake" blue checkmarks. AP Photo/Evan Vucci, File A court filin...

Jan 17Business InsiderTechnologyImpact

David Sacks calls California wealth tax 'an asset seizure,' says it's 'not a one-time, it's a first time'

AI czar David Sacks Alex Brandon/AP White House AI czar David Sacks criticized the possibility of a California wealth tax. If the tax is ultimately approved, he said it will be "the beginning of s...

2dBusiness InsiderPoliticsImpact

Amazon is not happy with Saks

Amazon is putting up a fight over Saks Global's bankruptcy financing plan. Scott Olson/Getty Images; Matthias Balk/picture alliance via Getty Images Amazon is pushing back against Saks Global's bankru...

Jan 15Business InsidereconomicsImpact

Tech executives bet big on AI. Their workers are being tasked with proving they were right.

Getty Images; Alyssa Powell/BI This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here . First came efficiency. Then came i...

Jan 15Business InsiderTechnologyImpact
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