In its early days, the Elon Musk-led Department of Government Efficiency (DOGE) bragged it could cut up to $2 trillion from the U.S. federal budget. In December, Musk conceded the special advisory only saved $200 billion in “zombie payments” for…
Michael Saylor’s Strategy Inc. bought nearly $1.6 billion worth of Bitcoin—the company’s largest purchase since January—leaning more heavily on a security promising investors an 11.5% annual payout backed by the same cryptocurrency. The company, formerly known as MicroStrategy, bought 22,337…
The AI capital expenditure boom has created a gusher of corporate debt, forcing the Treasury Department to make its bonds more attractive to investors as the U.S. war on Iran adds to the deficit. Last Tuesday saw the single busiest…
A federal judge in Boston has temporarily blocked federal health officials from cutting the number of vaccines recommended for every child, and says U.S. Health Secretary Robert F. Kennedy Jr. likely violated federal procedures in revamping a key vaccine advisory…
There is a new trend in prediction markets: betting on whether Bitcoin will go up or down in the next five of fifteen minutes. On Polymarket, a five-minute wager on the price of the largest cryptocurrency has garnered more than…
Donald Trump has spent the better part of 40 years mastering a single, ruthless skill: making other people absorb his losses. He perfected it in Atlantic City, where, as Fortune‘s Shawn Tully reported, his casino empire lost a total of…
More than two weeks into a war President Donald Trump started without asking allies for buy-in, he is now asking for backup, and mostly getting left on read. Trump spent the weekend demanding that allies, China, and other Asia-Pacific nations…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lord Peter Mandelson made more than £1.5mn selling his shares in Global Counsel before the advisory firm collapsed over his…
At Sunday night’s Oscars, fan-favorite Sinners struck gold and walked away with four wins. The horror film’s star Michael B. Jordan triumphed as best actor, and its director, Ryan Coogler, took home the award for best original screenplay. But just…
A haunting whale song discovered on decades-old audio equipment could open up a new understanding of how the huge animals communicate, according to researchers who say it’s the oldest such recording known. The song is that of a humpback whale, a marine giant…