AI Could Displace Thousands of Jobs in New York City Amid Uncertain Economic Impact
New York City’s chief financial officer warns AI may eliminate thousands of jobs this year, urging proactive local policies to manage both risks and opportunities.
Latest news
Markets & Macro
Crypto & Fintech
Institutional Bitcoin Outflows Signal Selling Amid Persistent Market Optimism
Despite ongoing bullish sentiment, large Bitcoin withdrawals from major exchanges suggest significant selling pressure, challenging the crypto market's recent resilience.
Crypto & Fintech
South Korea’s Crypto Community Reaches Threshold to Challenge 22% Capital Gains Tax
A petition opposing South Korea’s planned 22% tax on cryptocurrency gains surpassed 50,000 signatures, triggering a parliamentary review amid concerns about industry impact and investor burdens.
Corporate Power
Lawsuit Challenges Trump Administration’s Awarding of Border Wall Contracts in Texas
A new lawsuit alleges the Trump administration handed over most Texas border wall contracts to two companies without true competition, raising legal and quality concerns.
Defense & Security
Trump Signals Potential Military Action Against Cuba Amid Rising Tensions
President Trump suggested possible U.S. military intervention in Cuba following new criminal charges against Raúl Castro, while officials express skepticism about diplomatic solutions.
Crypto & Fintech
Blockchain.com Advances Toward US IPO Amid Renewed Crypto Market Interest
Blockchain.com has confidentially filed for a US IPO, joining other crypto firms seeking public listings as the sector gradually returns to equity markets.
Corporate Power
Harry Styles Teams Up with Loop for Limited-Edition Earplugs Aligned with Latest Album
Harry Styles collaborates with Loop to release stylish, sound-filtering earplugs inspired by his new album, designed to protect hearing at concerts and festivals.
Trade & Tariffs
US Imposes Sanctions on Lebanese Officials Tied to Hezbollah's State Influence
The US sanctioned Lebanese lawmakers and state security officials for supporting Hezbollah and blocking disarmament efforts amid ongoing Lebanon-Israel tensions.
Crypto & Fintech
US Treasury Sanctions Ethereum Addresses Linked to Sinaloa Cartel Money Laundering
The US Treasury sanctioned six Ethereum addresses tied to a Sinaloa Cartel network that allegedly converted drug money into cryptocurrency, raising compliance risks for crypto platforms.
Crypto & Fintech
Bitcoin Holders Shift to Selling as Realized Losses Surge Above $600 Million
Bitcoin’s price drop triggers a broad move from accumulation to selling among investors, with realized losses hitting over $600 million amid historic whale outflows.