German Chancellor Friedrich Merz pledged Tuesday to push through a proposed reform of the country’s creaking pension system that would include raising the retirement age gradually in line with life expectancy, declaring…
Read article →Polymarket is in the hot seat after an investigation alleged that the prediction market paid influencers to film fake trades and fabricate winnings. Legal experts say those allegations could result…
Read article →Good morning. On Fortune’s radar today: Markets: 🤷 The cost of the Iran war so far: up to $200 billion. Pimco: Ignore Trump’s threats to leave NATO. Not gonna happen.…
Read article →Treasury Secretary Scott Bessent used a wide-ranging CNBC interview Wednesday to weigh in on New York City (and national) politics, the Federal Reserve, and an ambitious plan to close America’s…
Read article →Bitcoin is tanking. Despite a modest rebound in the past day, the price of the world’s largest cryptocurrency is down about 5% over the past week and 20% since May,…
Read article →At once precise and almost poetic, the phrase “irrational exuberance” so perfectly captured a market phenomenon—the investor sentiment that creates a stock market bubble—that it entered the business lexicon almost…
Read article →Andy Burnham, Britain’s soon-to-be prime minister, wants an array of bold new policies to attract voters who have grown tired of a Labour government mired in indecision and political backbiting.…
Read article →South Korea’s Samsung Group and SK Group are poised to announce as much as 2,000 trillion won ($1.3 trillion) of investments over the next decade as part of President Lee…
Read article →In 2025, Bitcoin’s foremost booster pitched financial alchemy. At a conference in Prague, Michael Saylor, the executive chairman of the Bitcoin hoarder Strategy, touted his company’s newest stock offering. “I…
Read article →Strategy is shifting strategies as the Bitcoin behemoth seeks to quell fears over its financial health. On Monday, the company announced that it may sell up to $1.25 billion in…
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