Ford lost $3.7B on its EV sales
(mackinac.org)
The entirety of Ford’s normal vehicle profits was undone by its losses on electric vehicles.
The entirety of Ford’s normal vehicle profits was undone by its losses on electric vehicles.
Apple TV+ Will License Its Movies to Other Services to Reduce Billions in Losses
(bloomberg.com)
Brian Robbins has guided Paramount through the pandemic, two strikes and a sale. Now he’s facing the wicked witch of the west.
Brian Robbins has guided Paramount through the pandemic, two strikes and a sale. Now he’s facing the wicked witch of the west.
The Dollar Still Has Its Mojo. X, Not So Much
(nytimes.com)
“There is a great deal of ruin in a network,” Adam Smith once observed.
“There is a great deal of ruin in a network,” Adam Smith once observed.
Show HN: Venmo Unofficial API
(github.com/Integuru-AI)
This Python module provides a simple interface to interact with the Venmo API, allowing users to perform various operations such as checking balance, making payments, and requesting money.
This Python module provides a simple interface to interact with the Venmo API, allowing users to perform various operations such as checking balance, making payments, and requesting money.
Arizona girl, 10, sold chickens. Chase froze her check and closed the account
(yahoo.com)
Some 10-year-olds sell cookies and lemonade to earn a bit of spending cash, but not Kinley Maner. Kinley, from Thatcher, Arizona, is earning money by raising and selling chickens at the local fair.
Some 10-year-olds sell cookies and lemonade to earn a bit of spending cash, but not Kinley Maner. Kinley, from Thatcher, Arizona, is earning money by raising and selling chickens at the local fair.
How Innovative Payout Models Can Revolutionize Betting
(medium.com)
As the founder of Betron Markets, I embarked on this journey because of my frustrations with traditional betting platforms. Losing always meant losing everything. It didn’t matter how close you were to predicting an outcome; it was all or nothing. This binary nature of betting didn’t just make the experience stressful — it discouraged creativity and pushed bettors into high-risk scenarios with minimal reward.
As the founder of Betron Markets, I embarked on this journey because of my frustrations with traditional betting platforms. Losing always meant losing everything. It didn’t matter how close you were to predicting an outcome; it was all or nothing. This binary nature of betting didn’t just make the experience stressful — it discouraged creativity and pushed bettors into high-risk scenarios with minimal reward.
Wall Street Bankers Spot a Fat Payday in $1T AI Hysteria
(bloomberg.com)
To continue, please click the box below to let us know you're not a robot.
To continue, please click the box below to let us know you're not a robot.
An man guilty of Bitcoin laundering must forfeit over $400M in asset
(theverge.com)
An Ohio man named Larry Dean Harmon will serve three years in prison and forfeit more than $400 million worth of cryptocurrency and other assets, the Department of Justice announced on Friday.
An Ohio man named Larry Dean Harmon will serve three years in prison and forfeit more than $400 million worth of cryptocurrency and other assets, the Department of Justice announced on Friday.
Could DOGE cut $2T? The legal and practical reality of government reform
(thedispatch.com)
Elon Musk and Vivek Ramaswamy might not cut trillions in spending, but there are thousands of ways to make government better.
Elon Musk and Vivek Ramaswamy might not cut trillions in spending, but there are thousands of ways to make government better.
Hertz's Tesla Fire Sale Continues as Depreciation Costs Mount
(insideevs.com)
Hertz's pioneering of EVs as rental cars seemed foolproof—less maintenance and a lower total cost of ownership are two things that any company competing in the rental space strives for. But as Hertz quickly found out, its grand experiment went horribly wrong. It's now become a giant clearance event, where everything must go.
Hertz's pioneering of EVs as rental cars seemed foolproof—less maintenance and a lower total cost of ownership are two things that any company competing in the rental space strives for. But as Hertz quickly found out, its grand experiment went horribly wrong. It's now become a giant clearance event, where everything must go.
Show HN: Free mortgage analysis tool to avoid getting screwed by closing costs
(closingwtf.com)
Closing on a Mortgage? Don't get Screwed!
Closing on a Mortgage? Don't get Screwed!
Does anyone know how much VC firms contributes to wealth inequality?
(ycombinator.com)
Does anyone know how much VC firms contributes to wealth inequality?
Does anyone know how much VC firms contributes to wealth inequality?
Eventually consistent plain text accounting
(tylercipriani.com)
Over the past six months, I’ve tracked my money with hledger—a plain text double-entry accounting system written in Haskell. It’s been surprisingly painless.
Over the past six months, I’ve tracked my money with hledger—a plain text double-entry accounting system written in Haskell. It’s been surprisingly painless.
FTX sues Binance for $1.76B in battle of crypto exchanges founded by convicts
(arstechnica.com)
The bankruptcy estate of collapsed cryptocurrency exchange FTX has sued the company's former rival Binance in an attempt to recover $1.76 billion or more.
The bankruptcy estate of collapsed cryptocurrency exchange FTX has sued the company's former rival Binance in an attempt to recover $1.76 billion or more.
Climate breakdown will hit global growth by a third, say central banks
(theguardian.com)
The physical shocks caused by climate breakdown will hit global economic growth by a third, according to a risk assessment by a network of central banks.
The physical shocks caused by climate breakdown will hit global economic growth by a third, according to a risk assessment by a network of central banks.
Average rate on a 30-year mortgage in the US rises for 6th straight week
(apnews.com)
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July.
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July.
Nissan cuts 9k jobs and goes into 'emergency' mode
(electrek.co)
Nissan is in full-scale emergency mode to save itself: the automaker is cutting 9,000 jobs, slashing production capacity, and selling off its stake in Mitsubishi Motors. The CEO is also reducing his own salary by half.
Nissan is in full-scale emergency mode to save itself: the automaker is cutting 9,000 jobs, slashing production capacity, and selling off its stake in Mitsubishi Motors. The CEO is also reducing his own salary by half.
Nvidia Rides AI Wave to Pass Apple as Largest Company
(bloomberg.com)
Nvidia Corp. became the largest company in the world on Tuesday, surpassing Apple Inc. and underscoring just how dominant artificial intelligence has become on Wall Street.
Nvidia Corp. became the largest company in the world on Tuesday, surpassing Apple Inc. and underscoring just how dominant artificial intelligence has become on Wall Street.
US Bond Yields Surge as Trump Win Stokes Inflation Expectations
(bloomberg.com)
Treasury yields surged as investors piled back into bets that Donald Trump’s return to the White House will boost inflation.
Treasury yields surged as investors piled back into bets that Donald Trump’s return to the White House will boost inflation.
Bitcoin breaks above its all-time high of $73,777
(fxstreet.com)
Bitcoin (BTC) broke above its all-time high of $73,777 on Wednesday, fueled by Donald Trump's lead in the polls. Momentum indicators confirmed a bullish bias. BTC's next target could be the 141.40% Fibonacci extension level at $78,777.
Bitcoin (BTC) broke above its all-time high of $73,777 on Wednesday, fueled by Donald Trump's lead in the polls. Momentum indicators confirmed a bullish bias. BTC's next target could be the 141.40% Fibonacci extension level at $78,777.
Gitlab makes more money than you think
(constellationr.com)
GitLab is on a $559 million revenue run rate exiting the third quarter with 8,175 base customers.
GitLab is on a $559 million revenue run rate exiting the third quarter with 8,175 base customers.
How to Become a Billionaire in Skilled Nursing by Scamming Taxpayers
(hindenburgresearch.com)
PACS Group is a $6.7 billion Utah-based operator of skilled nursing facilities (SNFs) that serves 29,000 patients daily. Its stock is up 104% since its April IPO, making it among the most successful IPOs of 2024.
PACS Group is a $6.7 billion Utah-based operator of skilled nursing facilities (SNFs) that serves 29,000 patients daily. Its stock is up 104% since its April IPO, making it among the most successful IPOs of 2024.