Economy
New Fed Report: Sports Betting Drives Credit Delinquencies
A New York Federal Reserve report links legal sports betting to plummeting credit and rising delinquencies, especially for new bettors. Mobile access...
The Editorial Team 1030 articles
Finance
Shopify Extends B2B Tools to All Plans, Unlocking Broader Merchant Growth
Shopify has expanded access to key B2B features, previously exclusive to Plus, to all its merchant plans. This move aims to simplify...
Finance
US Forms New Marine Minerals Agency in Offshore Overhaul
The US Interior Department is merging two key offshore oversight agencies into a new Marine Minerals Administration, aiming for a more coordinated...
Investing
Circle Faces Scrutiny Over $232 Million Drift Hack Transfer
Stablecoin issuer Circle is under fire for allegedly failing to quickly freeze $232 million in USDC stolen from crypto protocol Drift and...
Finance
Vietnam’s Q1 Growth Dips to 7.83% as Energy Costs Bite
Vietnam's economic expansion decelerated in Q1, reaching 7.83%, as escalating Middle East tensions drove up energy costs and disrupted global trade, complicating...
Economy
Federal Regulators Challenge States Over Prediction Market Control
The Trump administration's CFTC has sued Illinois, Connecticut, and Arizona, asserting exclusive federal authority over prediction markets like Kalshi and Polymarket, escalating...
Finance
Private Credit Fund Hit by Massive Investor Withdrawal Requests
A private credit fund recently faced massive investor withdrawal requests, signaling growing anxieties in the market. A retiree's exit highlights widespread unease.
Finance
Prediction Markets Threaten Tribal Gaming’s $44 Billion Economic Lifeline
Prediction markets like Polymarket and Kalshi are challenging tribal casinos' established $44 billion industry, prompting accusations of unlawful gambling and a fierce...
Finance
US 30-Year Mortgage Rate Hits 6.46%, Damping Spring Home Sales
The average U.S. long-term mortgage rate climbed to 6.46%, its highest in nearly seven months, marking a fifth consecutive weekly increase and...