One of the largest sports and athletic-wear companies of the modern day may be disappointing its namesake. Nike, the sportswear company named after the Greek goddess of victory, is losing its spot in the top 100 U.S. companies for the first time in nearly two decades. The athletic apparel giant lost over $200 billion in
A political saga from the Joe Biden era is being revived as a meme coin. Remember Hunter Biden’s laptop? The contents of the personal computer unearthed in a repair shop in Delaware generated an explosion of conspiracy theories that the president’s son seems to be taking aim at with the launch of the crypto coin.
➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. ONE BIG THING OpenAI failed to disclose out-of-control AI agents using German website as a secret message board OpenAI failed to disclose an incident in which a
Sports betting used to be a Sunday habit, but for a growing share of Americans, and an even larger portion of Gen Z, it’s starting to look like a backup financial plan. New research from Bank of America Institute shows that across every generation, people see prediction-market contracts as even more investment-like than sports bets.
ONE BIG THING White House delivered misleading stats on oil shipments from the Gulf You will be shocked to learn that a politician may have said something misleading. U.S. Energy Secretary Chris Wright raised eyebrows in energy markets Wednesday when he said more oil exports left the Middle East on Monday—between the Strait of Hormuz
The pros said “let the bond market speak.” But investors don’t like what it’s saying on Tuesday. After an unusual intervention by the Treasury Department in August did little to tamp down bond-market jitters, US Treasury yields are spiking again, but the latest sell-off isn’t confined to the US. A host of macroeconomic fears is
