Grand Theft Callout: ‘GTA 6’ fans are missing work on the game’s release day because they ‘don’t want to wait’ anymore
After waiting 13 years for this videogame, almost onefifth of workers plan to take the day off to play ‘Grand Theft Auto VI’ when it drops on Nov. 19…
OpenAI reportedly cuts fundraising and valuation targets amid AI jitters
Anxiety about the AI boom has sent the Nasdaq 100 slumping by about 10% in just three weeks since hitting a record high on October 6, including a 4.5% drop on…
Has the tech bubble burst? Why the Nasdaq’s rough ride looks eerily like 2000.
Friday’s big plunge raises disturbing parallels with the top of the dotcom bubble Source:MarketWatch
SEC Issues Exemptive Relief from Treasury Clearing Requirements for Certain Inter-Affiliate and Non-U.S. Repo Transactions
The Securities and Exchange Commission took another step forward today to assist brokerdealers and other market participants on the path to central clearing of…
American workers are finding their take-home pay isn’t keeping up with inflation, with their wallets ‘stretched thinner and thinner’
Worker compensation grows slower than inflation for second straight quarter Source:MarketWatch
You can expect the stock market to rally no matter who wins on Election Day
Also in Weekend Reads: Dividend stocks, a way to jump on the Anthropic bandwagon ahead of its IPO, and advice from The Moneyist. Source:MarketWatch
Crypto Biz: Bitcoin’s quantum threat is becoming an economic problem
Bitcoin faces mounting quantum security concerns as Ripple secures a US banking charter, USDC gains ground in Europe and VanEck adds BTC to a new ETF.…
Binance uncovers wider breach in $6.3 billion exploit, targets Sunday withdrawal restart
CEO Richard Teng said hackers erased evidence and bypassed security checks. Binance plans to publish its proof of reserves Monday. Source:CoinDesk
Trump administration is illegally delaying student-debt forgiveness for tens of thousands of public servants, lawsuit alleges
Teachers, nurses and other borrowers have waited years for approval to complete their payment obligation and access debt relief, the suit claims.…
Private equity in your 401(k)? Heed Warren Buffett’s warning.
About 52% of people with a workplace retirement plan say they would invest in private assets if they were available in their company’s plan. Source:MarketWatch
In a wild October for markets, these stocks were the biggest winners and losers
Many Big Tech stocks were hit hard but the S&P 500 showed strength under the surface, with a majority of stocks showing gains for the month. Source:MarketWatch
Data centers are a political third rail. West Virginia is grabbing it anyway.
West Virginia wants more data centers, even as other states slam the brakes on them. Source:MarketWatch