Money & Finance
Personal finance, banking, and capital markets.
FDA’s false positive doesn’t clear Taylor Farms
The agency still believes the company is at the center of the explosive diarrhea outbrek
Gen Z is apparently boozing after all
Zoomers globally now imbibe just about as much as the average adult, according to new data.
Boomers won’t go gentle into that good condo
According to the National Association of Realtors (NAR), 7% of homebuyers aged 61 to 70 said the main reason they bought their new home was because they wanted more space, up from 4% in 2016.
Spain wasn’t the only World Cup winner
FIFA, soccer’s international governing body, is expected to announce record World Cup revenue of $15 billion from this year’s tournament.
Why less accurate subway maps are more useful
A century-old design choice is why a quick glance at a subway map can tell you it’ll take three trains to get to the bar hangout.
Why so many AI companies’ logos look like…that
From a design perspective, circular imagery is associated with completeness, infinity, and approachability.
Not all brand redesigns are trainwrecks
Some brands have been able to pull off a makeover that satisfies most people’s sensibilities.
England’s incoming PM is getting down to business
Andy Burnham is faced with the difficult task of reigniting the country's economy
China’s latest AI closes gap with US models (again)
Kimi’s birth announcement rattled markets in Taiwan, Japan, and the US, where the tech-heavy Nasdaq recorded its biggest dip of the week.
Americans are buying fewer groceries as prices climb
The recent drop suggests that prolonged inflation has finally forced shoppers to make changes to their shopping trips.
Christopher Nolan’s ‘The Odyssey’ is finally here
The widely anticipated adaptation of the Greek classic comes amid a blockbuster boom lifting cinemas.
The GLP-1 leader expands into psychedelics
Lilly has said it would spend up to $25 billion on acquisitions this year.
The House passed a bill to make daylight saving time permanent
Congress has tried similar efforts in the past, but nothing stuck.
China says dump your bot and go meet someone
The government is banning flirty AI bots to boost its declining population
OpenAI wants to live in your house
Set to release next year, the device is equipped with ChatGPT’s latest and most conversational version of Voice Mode, as well as moving “mechanical elements” that are intended to create “a sense that it is alive.”
A cyclospora outbreak may have infected up to 7,000 people
We wouldn’t put "diarrhea" in the newsletter unless it was important.
New York outlaws big new data centers for 1 year
This gives regulators time to develop rules that mitigate impacts on the environment and local utility costs.
Banks have never been this profitable
The five largest banks in the US reported a total of $49 billion in profits in Q2
Trump says US will charge ships for Hormuz escorts
President Trump said the US will charge vessels 20% of their cargo's value for protection in the Strait of Hormuz.
Another Disney remake falls in the forest
Moana made $95 million at the global box office, a “brutal” start considering the film cost $350+ million to make and market, per the New York Times.
Olive Garden is bringing back its infinite pasta glitch
The Pasta Pass is returning for a 13-week run
Even staying home is getting more expensive
People are getting priced out of amusing themselves inside their houses.
OpenAI denies stealing the fruits of Apple’s labor
Apple’s lawsuit against OpenAI accuses the startup of systematically leveraging its former employees as part of a broad, coordinated effort to steal trade secrets.
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