Warren Buffett, the CEO of Berkshire Hathaway. Nati Harnik/AP Warren Buffett rocked the business world in 2025 by announcing he would step down as CEO. The Berkshire Hathaway boss penned two of his fa...
Macy's plans to close stores over several years. kena betancur / AFP via Getty Images Nearly 300 US retail stores, including Macy's and Kroger locations, are set to close by the end of 2026. Major cha...
BlackRock’s tokenized money market fund has distributed $100 million from Treasury yields, offering a real-world test of blockchain-based financial infrastructure....
Ethereum treasury firm Bitmine has begun staking Ether after depositing nearly $219 million worth of ETH into Ethereum’s proof-of-stake system....
Hindsight Capital once again had 20/20 vision for a perfect year....
Bubblemaps says Lighter airdropped $675 million in LIT, one of crypto’s biggest ever, as data shared on X suggests about 75% of recipients still hold....
A fancy Starbucks coffee drink with whipped cream Lauren DeCicca/Getty Images Under new CEO Brian Niccol, Starbucks had a sometimes rocky 2025. I thought slimming down the menu length and adding after...
📋 Key Facts ✓ YouTuber MegaLag accused Honey of stealing money from influencers via last-click attribution. ✓ Honey allegedly targeted ...
Lou Gerstner, the former CEO of IBM, has died at 83. James Leynse/Corbis via Getty Images Lou Gerstner, who led IBM's turnaround in the 1990s, has died, the company told staff. He kept IBM intact and ...
This year, ETFs opened several new doors to crypto on Wall Street, as the SEC forged a fresh approach to the products....
The Gulfstream G700 is among the most luxurious jets in private aviation — an increasingly popular way for the ultrawealthy to travel. Taylor Rains/Business Insider Private jet travel is more po...
Real estate investing team Tanice and Paul Myers. Courtesy of Tanice Myers Each year, HomeVestors, the company behind We Buy Ugly Houses, hosts an ugly home contest. The contest showcases dramatic hom...
📋 Key Facts ✓ Powerball jackpot estimated at $1.6 billion, fifth-largest in US history. ✓ Payout options: Annuity over 30 years or lump...
Tim Cook sporting a custom pair of Nike Vomero Plus sneakers at an Apple store reopening in Tokyo earlier this year. Apple Tim Cook bought $3 million in Nike shares, nearly doubling his stake in the c...
Sprinkles Cupcakes is closing, the bakery's founder said. Gado/Getty Images Sprinkles Cupcakes is closing, cofounder Candace Nelson said on Wednesday. Nelson sold Sprinkles to private-equity firm Karp...
Shoppers opened their wallets with gusto, but they favored low-cost options....
Standard Oil founder John D. Rockefeller has long been considered the wealthiest man in America's history. NY Daily News Archive via Getty Images America has more billionaires than ever, led by Elon M...
Valuations may be spectacular and a bust could come — but while there’s exuberance there is no mania or irrationality...
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...
Many leaders I spoke with took non-traditional paths to their current jobs. gradyreese/Getty Images/iStockphoto I spoke to around 80 executives in 2025, over 30 of whom worked at Fortune 500 companies...