News
U.S. workers received 53.8% of GDP in the third quarter, the lowest share since records began in 1947
4+ hour, 7+ min ago (570+ words) U.S. workers are taking home the smallest slice of GDP since records began in 1947, according to new federal data. Numbers from the Bureau of Labor Statistics show that the share of economic output paid to workers through wages and salaries dropped…...
Trump orders Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities to push mortgage rates lower
4+ hour, 37+ min ago (835+ words) President Trump has told Fannie Mae and Freddie Mac to buy $200 billion worth of mortgage-backed securities, putting the White House directly into housing finance and pushing mortgage rates lower. That decision jolted the market, cut risk premiums on new mortgage…...
Paris releases Russian athlete accused by Washington of hacking attempts
4+ hour, 52+ min ago (1128+ words) Authorities in France have released a Russian national accused by the United States of participating in hacking attacks on companies for ransom in cryptocurrency." The man has been exchanged for a French citizen held in Russian custody, instead of being…...
Apple stock fell for eight straight days, the longest streak since May and potentially since 1991
5+ hour, 7+ min ago (402+ words) Apple's stock has taken a hit over eight straight trading sessions, though financial experts at Evercore ISI think the tech giant could turn things around when it posts quarterly results later this month. Shares dropped 0.8% on Friday to close at…...
Co-founder of Pump.fun Alon Cohen announced more changes are coming to creator fees
5+ hour, 22+ min ago (458+ words) Pump.fun announced a new way of redistributing creator fees. A new version of dynamic fee sharing arrived, announced the platform's co-founder, Alon Cohen." Pump.fun will update the distribution of its creator fees, announced the platform's co-founder, Alon Cohen....
Tether partners with UNODC to boost cybersecurity on digital asset security in Africa
5+ hour, 32+ min ago (614+ words) INTERPOL recently uncovered $260 million in illicit virtual assets and fiat across Africa linked to terrorism-related activities. The government agency has already seized $600,000 and continues its investigation to trace and recover further assets. As a result, Tether has partnered with the…...
Next Crypto to 20x? Whales Accumulate This New Altcoin Ahead of Protocol Launch
5+ hour, 33+ min ago (766+ words) Mutuum Finance is oriented towards decentralized lending and borrowing. The goal is simple. Develop a framework where the user will get yield by providing assets and borrowing funds via overcollateralized positions. Two networked models are in use by the protocol....
EU backs historic trade deal with Mercosur bloc after 25+ years of talks
5+ hour, 47+ min ago (649+ words) European Union countries on Friday backed a massive trade agreement with South American nations, ending more than 25 years of talks and months of difficult negotiations to get enough countries on board. The deal with Mercosur, a group that includes Argentina,…...
General Motors is taking a $6 billion writedown as the company scales back production plans
6+ hour, 2+ min ago (496+ words) Automakers like General Motors (GM) and Ford Motor are scaling back their production of electric vehicles due to weak consumer demand." General Motors announced on Thursday that it would record a $6 billion charge for pulling back from its electric vehicle…...
Andreessen Horowitz raises over $15 billion in one of venture capital’s largest fundraising years
6+ hour, 33+ min ago (443+ words) Andreessen Horowitz (a16z) secured over $15 billion across multiple funds in its 2025 fundraising rounds. The announcement revealed that the funds it raised cut across six sectors, including infrastructure, apps, and bio + health." Fund allocations include $6.75 billion for growth, $1.7 billion each for apps…...