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Doubts damp demand for business courses in the ‘Anglosphere’
Immigration policies, inflation and uncertain job markets have reduced appetite for study in the UK, US and Canada
Munich Re: Cyber growth has flattened, industry must find new business
Growth in cyber insurance has flattened over the past 24 to 36 months and rates have softened, Munich Re board member Stefan Golling said at the group's media briefing at the Monte Carlo Rendez-Vous on Sunday.
Foldable phones still need to fix this problem
The camera bump, or "plateau," if you're Apple, creates a stability issue when the phone lays open on a flat surface. Samsung's Z Fold 8 still hasn't solved it.
Graduated income tax proposal is a flat tax in disguise
“Youth is wasted on all the wrong people.” That’s one of my favorite lines from “It’s a Wonderful Life.” The older I get, the less it sounds like a joke. Every generation inherits victories it did not win. Young Americans never experienced the Cold War, the draft or stagflation. Double-digit inflation is something grandpa now […]
Scientists mapped beneath Utah’s Great Salt Lake and found a potentially vast reservoir of freshwater hiding under one of America’s saltiest lakes — in places, it extends more than three kilometres underground
Reeds do not grow on salt flats. Yet dozens of near-perfect circles of them have shoved their way up through the crust of Farmington Bay, in the
Country music singer died after being rushed to hospital: ‘I didn’t want to come back’
The singer flatlined at the hospital.
Imagicaaworld Entertainment And 2 Indian Undervalued Stocks To Watch
Global food and commodity prices remain elevated, and that keeps investors focused on cash rich Indian businesses that can handle higher input costs. When markets worry about inflation staying sticky, dependable cash generation often matters more than headline earnings. This article looks at three Indian stocks where current market prices sit below an internally assessed cash flow value. You will see why cash focused value hunters are watching these opportunities now. The three stocks covered...
Athletic Bilbao crush Simeone's flat Atletico
Athletic Bilbao thumped Atletico Madrid 3-0 in La Liga on a miserable Saturday afternoon for Diego Simeone's side.On Sunday, La Liga leaders Barcelona visit Valencia looking to move clear of Real Madrid, who lost 1-0 at Real Betis on Friday, among other fixtures. rbs/pb/dmc
Athletic Bilbao crush Simeone's flat Atletico
Athletic Bilbao thumped Atletico Madrid 3-0 in La Liga on a miserable Saturday afternoon for Diego Simeone's side.On Sunday La Liga leaders Barcelona visit Valencia looking to move clear of Real Madrid, who lost 1-0 at Real Betis on Friday, among other fixtures. rbs/pb
How A24's 'Primetime' depicts 'To Catch a Predator' host Chris Hansen
A24's sweeps-ploitation drama may deflate the TV host's ego, but it's so in love with its protagonist it can't see he's the least compelling character in the movie.
The best time to buy an iPhone may be right this minute
Whatever your favorite smartphone, it’s going to cost more. Blame inflation driven by the AI boom.
49ers got a 16-hour flight to Australia. Here's how my journey compared
The San Francisco 49ers got a direct flight to Melbourne from SFO with lay-flat seats. For a new reporter flying coach, connecting through New Zealand, it wasn't the same experience.
Nursing Home Jobs Nearly Flat in August as Healthcare Hiring Slows
Job growth at skilled nursing facilities (SNFs) essentially stayed unchanged in August compared to a month ago,
Logan Health Primary Care Providers Sign Vote of 'No Confidence' in Leadership
Just over half a year after Logan Health primary care providers unionized, providers signed a vote of no confidence in the hospital’s primary care leadership. Despite months of being in the bargaining process with Logan Health and representatives from the Union of American Physicians and Dentists (UAPD), providers wrote they “no longer have confidence that […]
Blue Ridge Health plans new medical facility in Hendersonville
WLOS News 13 provides local news, weather forecasts, traffic updates, notices of events and items of interest in the community, sports and entertainment programming for Asheville, NC and nearby towns and communities in Western North Carolina and the Upstate of South Carolina, including the counties of Buncombe, Henderson, Rutherford, Haywood, Polk, Transylvania, McDowell, Mitchell, Madison, Yancey, Jackson, Swain, Macon, Graham, Spartanburg, Greenville, Anderson, Union, Pickens, Oconee, Laurens, Greenwood, Abbeville and also Biltmore Forest, Woodfin, Leicester, Black Mountain, Montreat, Arden, Weaverville, Hendersonville, Etowah, Flat Rock, Mills River, Waynesville, Maggie Valley, Canton, Clyde, Franklin, Cullowhee, Sylva, Cherokee, Marion, Old Fort, Forest City, Lake Lure, Bat Cave, Spindale, Spruce Pine, Bakersville, Burnsville, Tryon, Columbus, Marshall, Mars Hill, Brevard, Bryson City, Cashiers, Greer, Landrum, Clemson, Gaffney, and Easley.
Inflation is a drug and Washington is high on it
High prices have turned Americans against the economy, and they’re starting to unleash real consequences for Washington and the financial markets.
Trump falsely claims prices are falling rapidly. Some Republican ads acknowledge reality
President Donald Trump has a triumphant message on inflation. Some of his party’s television ads sound very different.
Sony and Microsoft say they’re not obligated to pass U.S. tariff refunds to consumers, echoing Nintendo
Back in July, Sony executives told investors that the company expected to receive $508 million in refunds from the U.S. government, after tariffs that the PlayStation-maker paid were ruled mostly in 2025 were found to be illegal. “Most” of the refund would by recouped by Sony’s gaming division, its chief financial officer said. This week, Sony’s lawyers are arguing that the company is not legally obligated to pass those proceeds on to consumers who paid for recently price-hiked PlayStation consoles. That’s in the face of a lawsuit from gamers calling on them to do exactly that. “Paying fair market price for voluntarily purchased consumer goods is not a legally cognizable injury in fact,” the lawyers wrote in a legal motion filed on Monday, as they asked a judge in California’s Northern District to dismiss a potential class action lawsuit over the tariff refunds. Microsoft made a similar argument two weeks ahead of Sony’s lawyers, in a similar lawsuit brought by a gamer in federal court in Washington State. As Microsoft’s legal team put it on August 21, in their request for a dismissal of that lawsuit: “There is nothing unjust about Plaintiff purchasing an Xbox at an advertised price and getting exactly what he paid for—regardless of whatever theory he devised months later about Microsoft’s cost structure.” Both legal fights are set to go on for some time. How things got to this point U.S. tariffs impacting a wide range of imported goods, including game consoles, had kicked off in early 2025. In May 2025, Microsoft raised the price of its Xbox consoles, citing “market conditions and the rising cost of development.” They raised them again that September. In August of that year, Sony raised the price of PlayStation 5 consoles, citing “a challenging economic environment.” Sony later told investors that its tariff fees for the fall quarter were nearly $200 million. in February of this year, the U.S. Supreme Court ruled the 2025 tariffs illegal, prompting impacted companies to begin to request refunds. In turn, consumers began suing the likes of Sony and Microsoft to get what they said was their share. The gamers in the Microsoft and Sony lawsuits argue that the 2025 price hikes of PlayStation and Xbox consoles, which added $50 or more to their sticker price, were due to illegal tariffs and should now be returned to consumers. The Sony suit started in May, when a group of gamers sued in federal court in California, saying Sony Interactive Entertainment (PlayStation) would be unjustly enriching itself if it did not pass tariff refunds to its PS5 buyers. “Sony is poised to be paid twice for the same unlawful tariff burden: once by its customers (through elevated prices) and once by the U.S. government (through tariff refunds),” the gamers’ lawyers wrote at the time. They called for Sony to partially reimburse anyone who bought a PlayStation in the U.S. since August 1, 2025. The Microsoft suit, filed by gamer Trevor Hastings against the Xbox giant in July, made similar claims. The console makers push back In late July, Nintendo’s lawyers, facing a similar suit accusing them of double-dipping on tariffs and refunds, replied with arguments that previewed Microsoft’s and Sony’s: “Nintendo or one of its retailers set a price for each product, and consumers decided whether that price was worth paying,” they wrote. Sony has buttressed that Nintendo-style argument this week by saying that the gamers have failed to prove that tariffs were the reason for its August 2025 PS5 price hike. They call thatclaim “speculative and illogical.” Other factors, including “inflation, currency fluctuations, component costs, logistics, competitive dynamics, or demand,” could have played a role. (No, the Sony lawyers do not break down the costs and factors that officially triggered the price increases). Microsoft has also argued that there’s no proof in these lawsuits that tariffs drove all or some of the price increase, as it seeks to dismiss the tariff refund suit it’s facing: “Plaintiff provides no specific allegations that would establish any pricing differential attributable to tariffs or suggest any possibility that Microsoft applied then or could recreate now any dollar-for-dollar calculation of tariff-related pricing—any more than it could any other market factor that affects pricing.” To further skewer the gamer side’s argument in its case, Sony’s lawyers have pointed to what might be a surprising defense: yet another PlayStation 5 price hike from this past spring, after the tariffs were ruled illegal. “If the original price increase were attributable to tariffs, SIE [Sony Interactive Entertainment, aka PlayStation] would have had no reason to raise prices again after the Supreme Court invalidated the IEEPA tariffs.” … “If tariffs were the cause of the price increases, one would expect SIE to lower prices once the tariffs were eliminated—not raise them again. Instead, the timeline confirms that the pricing of PlayStation consoles includes a diverse and dynamic set of input costs.” Judges have not yet ruled on the arguments made by Sony, Microsoft or Nintendo. Last week, Panic, the company behind the small, yellow Playdate handheld said it would be passing its tariff refunds on to consumers. It is the only gaming hardware maker to have made such a pledge. Game File is a reader-supported publication. To receive new posts and support my reporting, please consider becoming a free or paid subscriber. Subscribe Item 2: A reporter’s second Second Life Wagner James Au, who from 2003-2006 was paid by San Francisco-based tech company Linden Lab to be a full-time journalist embedded in their virtual world Second Life, is returning to the company. This time, he’ll be an editorial advisor and business development specialist, he tells Game File. The new role will involve trying to share the stories of people inhabiting Second Life’s ongoing online world with reporters and by extension the public. Au plans to continue to also chronicle some of that through his long-running blog New World Notes. I’ve known Au since the mid-2000s and featured him in a 2007 article for the Columbia Journalism Review about reporters like him opening up virtual news outlets within Second Life. As I wrote at the time: On April 22, 2003, writing as Hamlet Linden for the New World Notes blog on Second Life’s Web site, Au introduced himself. “For the next few months, Linden Lab has invited me to set aside my journalist cap, and instead, don the digital beanie of their in-house virtual correspondent.” He wasn’t paid to keep it positive. He wrote about builders and eccentrics, but then in August of that year, he reported on a tax revolt against Linden Lab (a complaint about the fees it charges users who build stuff) led by a resident whose avatar was a big cat. Second Life has always been less of a video game and more of a virtual world where people can live, hang out, make art, sell virtual items and flirt. Back in 2007, Au described touring it as “sort of like underwater lucid dreaming.” For the past two decades, Au has maintained New World Notes as an independent publication. But he said he’s been drawn back to Second Life and Linden Lab as a place to directly work. The virtual world has around 650,000 monthly active users, he said, “which is actually about what it was during the hype wave.” Au says he’s still finding rich stories in Second Life, the kind that keep him interested 20 years into the beat: “Over the last few months for instance, I wrote about an SL creator in Venezuela whose apartment was destroyed by the earthquakes, so the global SL community rallied to get him back on his feet,” he told me. “Then there’s the woman from a Middle Eastern country who explored her lesbian sexuality in SL, then earned enough from her virtual jewelry to escape her abusive family situation and country.” Au wants to beckon more reporters to give Second Life another look. He argues that it is often ahead of internet trends, noting, for example, an early backlash in the community against AI-made art. Now the platform is drawing curiosity from more of the user-generated content community who’ve grown up with the likes of Roblox, according to Au. “Second Life was too early during its hype wave in 2005-2010, but it now feels right for a new wave of interest,” he told me.
Huawei's Watch D3 Doubles as an Inflatable Blood Pressure Cuff
The Huawei Watch D3 can track your sleep and workouts, but its best trick is a clever method for measuring your blood pressure.
Blaze breaks out at Big Flats business complex. What we know about fire
An alarm went off around 3 a.m. Wednesday at 1250 Schweizer Road in Big Flats, home of several businesses, drawing many fire departments.
WCU political expert explains Rep. Edwards' censure, breaks down overwhelming vote
WLOS News 13 provides local news, weather forecasts, traffic updates, notices of events and items of interest in the community, sports and entertainment programming for Asheville, NC and nearby towns and communities in Western North Carolina and the Upstate of South Carolina, including the counties of Buncombe, Henderson, Rutherford, Haywood, Polk, Transylvania, McDowell, Mitchell, Madison, Yancey, Jackson, Swain, Macon, Graham, Spartanburg, Greenville, Anderson, Union, Pickens, Oconee, Laurens, Greenwood, Abbeville and also Biltmore Forest, Woodfin, Leicester, Black Mountain, Montreat, Arden, Weaverville, Hendersonville, Etowah, Flat Rock, Mills River, Waynesville, Maggie Valley, Canton, Clyde, Franklin, Cullowhee, Sylva, Cherokee, Marion, Old Fort, Forest City, Lake Lure, Bat Cave, Spindale, Spruce Pine, Bakersville, Burnsville, Tryon, Columbus, Marshall, Mars Hill, Brevard, Bryson City, Cashiers, Greer, Landrum, Clemson, Gaffney, and Easley.
Markets slide as inflation fears trigger global bond sell-off
Rolling coverage of the latest economic and financial news
Creighton Index shows a slight gain in Arkansas business confidence
Economic activity improved in the mid-America region thanks to growth in the manufacturing sector. Negative impacts of tariffs imposed by the Trump administration and inflation were a drag on the...
Capped or graduated income tax rate? Colorado voters to decide
The proposal to create income tax tiers — which would replace Colorado’s flat rate — has been certified for the November general election ballot, setting the stage for a major showdown between two competing forces seeking to define the parameters of state revenue. Initiative No. 195, which would raise the tax obligations on higher-income earners, will […]
New Mexico Insurance superintendent approves 24% premium increase on healthcare exchange plans
Insurance Superintendent Alice Kane said inflation is behind increase but state's premium is on par with national average.
11 celebrities who weren’t amused by their ‘SNL’ impressions
Not every celebrity is flattered by an ‘SNL’ impression. EW looks back at 11 stars who made it clear they weren’t in on the joke.
DLSS 5 Officially Goes Live September 3 With NBA 2K27, Exclusive to RTX 50-series "Blackwell" GPUs
NVIDIA has confirmed that DLSS 5 will officially launch on September 3 alongside NBA 2K27, and it will remain exclusive to GeForce RTX 50-series GPUs. When asked directly at a Gamescom technical briefing whether older cards would ever receive support, NVIDIA gave a flat answer: "It's RTX...
Bond yields are surging around the world as macro concerns spiral
Bond yields were on the rise globally on Tuesday, with investors spooked about wars, inflation, and a shaky fiscal outlook.
Bond sell-off intensifies around the world as oil prices rise above $91 a barrel, stoking inflation fears
Renewed fighting in Middle East weighs on financial markets
Trump’s bogus narrative about the GOP losing in the 2026 midterms
President Donald Trump keeps trying to preemptively blame congressional Republicans if they lose big in the 2026 midterms — but he’s now making an argument that’s flat-out wrong
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
Fed Chairman Warsh shows courage with Jackson Hole speech, defying political pressure, says Harvard's Rogoff
Ken Rogoff said Warsh made it clear that if the inflation data didn't improve, he's going to hike interest rates.
Warsh says inflation still too high, interest rates may need to be raised
He addressed global banking leaders and finance ministers Friday at the Jackson Hole Economic Symposium in Wyoming
Warsh says inflation still too high, interest rates may need to be raised
He addressed global banking leaders and finance ministers Friday at the Jackson Hole Economic Symposium in Wyoming
Prices are rising on entertainment, but families say budgeting for fun is non-negotiable
Economists say inflation has cooled from its peak, but the cost of entertainment is still reshaping how families spend.
Fed's Hammack tells Fox Business inflation likely to ease slowly
Federal Reserve Bank of Cleveland President Beth Hammack said Thursday the U.S. central bank is unlikely to get price pressures back to target even by next year, in an interview that also saw her reiterate her belief a rate hike is needed to quell high inflation.
Is Germany benefitting yet from the crisis in US research?
Science|Business - Table.Media partnershipScience|Business has partnered with Table.Media, a leading source of news about higher education and research in Germany. Each week, we are publishing one of each other’s stories to give readers an even broader range of insight into R&D policy across Europe.Drawing over 500 participants, the German Academic International Network conference in San Francisco brings together researchers, universities, scientific organisations and policymakers in the US as part of an attempt to recruit international talent for Germany. It also serves as an annual barometer for the uncertainty triggered by the Trump administration’s science policies. As was the case last year, Germany’s political presence was unusually strong: federal lawmakers, nine state ministers of science and research, and federal research state secretary Marcus Pleyer all attended. Joybrato Mukherjee, president of the German Academic Exchange Service (DAAD), has observed a marked shift at US universities a year after the Trump administration began sweeping interventions: the initial state of "shock and paralysis" has given way to a strategic approach to the situation. Universities are seeking new funding sources, mounting legal challenges against interventions and opening themselves up more to international collaborations, including with Germany, he said. Early-career international researchers with expiring visas are considered particularly vulnerable. Germany is benefiting from increased demand among this pool of young talent; the country’s 1,000 Minds Plus programme, designed in part to lure German academics back home, has already filled up around one-third of its capacity. Meanwhile, Markus Blume, Bavaria’s science minister and current chair of the federal Conference of Science Ministers, sees an "enormous outflow of talent from the US." An increasing number of international researchers want to leave. Applications to Canada have risen by 42% January, and those to Europe by 32%. Meanwhile, the number of people drawn to the US is plummeting. "In this context, Germany must position itself as a prime destination offering reliable conditions, institutional stability and academic freedom, including through smart collaborations," Blume told Table.Briefings.“Darkest hour”At the get-together in San Francisco, the former president of the US National Academy of Sciences, Marcia McNutt, highlighted the gravity of the situation on the ground in a keynote address. She described the present moment as the "darkest hour for the US scientific system." At the same time, she said that cooperation should be maintained, especially during a crisis. Established researchers in the US are less likely to leave. Ulrike Malmendier, a former member of the German Council of Economic Experts and an economist at Berkeley, explained why established researchers are not packing their bags and leaving the US in droves: working conditions and the concentration of talent at places like Berkeley and Stanford remain unparalleled. According to Peter-André Alt, managing director of the Wübben Foundation, which helps Germany attract international academics, political restrictions are not the only grievance voiced by US-based researchers. "There are evidently still many areas where, fortunately, unfettered research is possible," Alt told Table.Briefings. Instead, the primary complaint concerns the cost of living, which has "skyrocketed” to absurd levels. "Runaway inflation, like that currently seen in the US, is certainly no draw for young scientific talent,” he said. Return homeA growing number of early-career researchers from Germany appear to be considering a return home. Jörn Benzinger, who is responsible for recruiting early-career researchers from abroad at Ruhr University Bochum, reports numerous conversations with researchers who are taking a closer look at the German academic landscape."Germany has definitely moved more into the spotlight,” he said. States, university alliances and research organisations joined forces to recruit talent. Bavaria, Baden-Württemberg and North Rhine-Westphalia were prominently represented, as were alliances such as the Berlin University Alliance and the University Alliance Ruhr. Benzinger sums up Germany’s approach with a new formula: "collaboration is the new competition." He notes that it is becoming increasingly difficult for individual universities to gain international visibility, while regional research ecosystems and collaborations are growing in importance. Afraid to leaveThe crisis in the US academic sector is also straining transatlantic research relations. Benzinger reports that some US-based researchers had to decline brief invitations to Germany because they could not be certain of being allowed to re-enter the US afterward.He considers the simple poaching of researchers to be the wrong approach; what is needed, he says, are "reliable offers and long-term partnerships."However, Green Party politician Ayşe Asar, who also attended the conference, sees a significant need for improvement, particularly regarding career paths in Germany.While lifetime professorships and academic freedom certainly make Germany attractive, young researchers also require predictable career paths, tenure-track positions and flatter hierarchies.
2026 Flathead Valley Fall Sports Preview
After a 2025 fall season filled with individual and team state championships, several Flathead Valley athletes will be on the title defense, while others will make a push to reach the mountain top of Montana high school sports after falling one win short a season ago. The Glacier Wolfpack and Columbia Falls Wildkats saw their […]
Fed Chair Warsh faces Jackson Hole spotlight with inflation, rate path in focus
Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole keynote as bond yields near highs and markets demand clarity on the Fed's rate path.
Sales tax revenue falls flat in August reports
Sales tax revenue reported in August for Bentonville, Fayetteville, Rogers and Springdale totaled $10.001 million, down 0.12% from the same month last year. For the first eight reporting months of...
Sales tax revenue falls flat in August reports
Sales tax revenue reported in August for Bentonville, Fayetteville, Rogers and Springdale totaled $10.001 million, down 0.12% from the same month last year. For the first eight reporting months of...
Driven: The 992.2 Porsche 911 GT3 Touring earns its keep
The "everyday" GT3 delivers, despite looming regulations and an ever-inflating price tag.
Monogram Health to pay $2.4M to settle Medicare Advantage upcoding allegations
The Justice Department told Healthcare Dive that Monogram, a home health company, overcharged Medicare through contracts with Cigna and Humana by inflating diagnostic codes.
Concern at impact of £162m science research "cuts"
Didcot and Wantage MP, Olly Glover is worried flat funding may lead to job losses and facilities shut.
Concern at impact of £162m science research "cuts"
Didcot and Wantage MP, Olly Glover is worried flat funding may lead to job losses and facilities shut.
Gold hits highest level in three months as traders worry about US inflation and bond market jitters
Spot gold touches almost $4,700 an ounce while oil prices fall despite threat of heavy US sanctions on Iran and any country trading with it
This Week: SF Politics, Bike East Bay Volunteer Night, SFMTA Photo Archive
Here is a list of events this week. Tuesday SF Politics 101 with Joel Engardio. SF Politics 101 is a look at how local politics work and the history that shaped San Francisco—brought to life with visuals and narrative storytelling. Tuesday, August 25, 6-7:15 p.m. SPUR Urban Center, 654 Mission Street, S.F. Register to attend. Tuesday Bike East Bay Volunteer Night. Tackle projects while socializing with fellow advocates. Snacks provided. Tuesday, August 25, 6-8 p.m. Bike East Bay Office, 466 Water Street, Oakland. Wednesday SFMTA Photo Archive and Peter Hartlaub. Go back in time for an evening of photos, stories and conversation with the Chronicle, Mayor Art Agnos, and S.F. Muni. Wednesday, August 26, 5:30 p.m. Gray Area Foundation / Grand Theatre, 2667 Mission Street, S.F. Get tickets. Wednesday Smart City Cycling. Join the San Francisco Bicycle Coalition for a presentation for people interested in biking but intimidated by urban traffic plus anyone already riding who wants to hone their skills. Wednesday, August 26, 6-7:30 p.m. Anza Branch Public Library, 550 37th Avenue, S.F. Thursday Member Repair Party. Join the San Francisco Bicycle Coalition and learn how to repair your bike. Thursday, August 27, 5-7 p.m. San Francisco Bicycle Coalition, 1720 Market Street, S.F. RSVP required. Saturday The Bay Ride. Circumnavigate the San Francisco Bay while raising funds for cycling infrastructure that makes streets safer for everyone. Saturday, August 29, 7 a.m.-5 p.m. Starts at Sports Basement Presidio, 610 Old Mason Street, S.F. Saturday Flat Fix Clinic for Students and Families. Join the Safe Routes to School team at the Marina Branch Branch Library for a hands-on flat fix clinic. Saturday, August 29, 2-3:30 p.m. Marina Branch Public Library, 1890 Chestnut Street, S.F. Got an event we should know about? Drop us a line.
Dan Osborn staffers infiltrated rival political party, tried to dissolve it
Two paid staffers of Dan Osborn’s 2024 campaign joined an effort to dissolve a rival political party last year, according to records obtained by the Flatwater Free Press. The records reveal the lengths Osborn’s allies have gone to clear the field for the nonpartisan U.S. Senate candidate as he attempts to unseat Republican Sen. Pete Ricketts.
Zoetis Earnings Reveal a Divided Business, But Can its Pipeline Restore Growth?
Zoetis Inc. (NYSE:ZTS) entered 2026 as a leader in animal health, but its latest earnings show that even a strong market position cannot fully insulate the company from weaker consumer demand. Fiscal Q2 2026 revenue remained flat at $2.5 billion and declined 1% on an organic operational basis, as pressure in the U.S. companion-animal market […]
5 takeaways from Bears' flat loss to the Bengals
The Bears fell to the Cincinnati Bengals on Saturday night in their second preseason game. Here are our takeaways from the loss.
Analysis: Does defeat foreshadow struggles this season?
When the Crystal Palace players trudged off the pitch, Pierre Sage cut a deflated figure. Saturday afternoon had provided the Frenchman with a brutal introduction to life as a Premier League manager and to the fine margins that can decide games. On another day, perhaps one where Ismaila Sarr was available for selection, it might have been Palace who were dancing and celebrating their way back to the dressing room.
Trump Threatens Defamation Suit Over National Guard Report, Aiming to Intimidate a Critic
It was the latest example of President Trump’s bid to use the legal system against those who voice unflattering facts and opinions generally protected by the First Amendment.
Boston Fed president listens to N.H. business, economic leaders
Susan M. Collins, president of the Federal Reserve Bank of Boston, met on Thursday with business leaders in New Hampshire who are grappling with lingering inflation and an especially tight labor market.
American College of Radiology rallies support for bill to reform physician pay
Introduced in July, the Patients First Act would tie radiologist reimbursement to inflation—seeking to save independent practices and reverse “decades of consolidation.”
Trump calls for lower interest rates as Fed officials watch inflation
President Donald Trump again called for lower interest rates, though Federal Reserve officials said a hike may be needed if inflation does not cool.
Inflation and weak wage growth are keeping Americans' woes alive
Wage growth below inflation, affecting purchasing power, is adding to Americans' relatively low sentiment.
Report: Small Business Inflation Fears Climb » CBIA
Renewed concerns about inflation are weighing on small businesses' economic outlook and tempering hiring and investment plans.
Dog Days of Politics
The hives stood tall. Workers added supers to the stack as bees produced more honey over a hot summer. Wildfire smoke seemed to have stalled activity, but fresh rains produced a stream of bees headed toward the farm and the puddles left by recent downpours. Honey works better than vinegar. Kindness and gentle persuasion remain […]
Surging Unemployment Is Milei’s Biggest Political Threat in Argentina
President Javier Milei lowered inflation and poverty in Argentina, while eliminating its budget deficit. But the nation’s labor market is still mired in the crisis he was elected to confront.
UK inflation increases in July driven by a surge in gas costs; oil prices rise again
Brent crude approaches $92 a barrel; Asian shares slump after Wall Street chip sell-off
South African Business Confidence Edges Higher Amid War Headwind
South African business confidence improved sightly in July, though the economy continues to be affected by inflationary pressures stemming from the Iran war, the country’s main commerce chamber cautioned.
42% of millennial radiologists surveyed say their pay has stagnated over past year
This included about 33% of rads polled, who said their year-over-year compensation has remained flat, while 9% reported a decrease, according to Medscape.
US recession coming in 2027, stock market drop ahead: Leon Cooperman
Billionaire investor Leon Cooperman said many investors were likely shrugging off the threat of hotter inflation on the US economy and stock prices.
Lowe's debuts a 15-foot skeleton that's bigger than Home Depot's Skelly
Lowe's Halloween 2026 collection is here, featuring a 15-foot talking skeleton animatronic, spooky yard decor, inflatables and seasonal favorites.
Canadian business braced for 50% US tariffs
US-Canada trade talks go down to the wire, plus Japanese growth figures and a UK inflation update
Walmart and Target are about to reveal the health of the U.S. consumer
Earnings reports from the two major retailers will show how shoppers are holding up in an era of persistent inflation.
Outdone by the Jays bullpen, Yankees relive painful memory
One run against the Blue Jays' bullpen with several opportunities left on the table leads to a deflating loss on the road
Walt Disney vs. Roku: Comparing Revenue Trends for These Entertainment Giants
Disney's flat revenue masks a 22% operating margin, while Roku's steady growth comes at just 11% — a profitability gap that reframes the growth story.
US long-term borrowing costs hit 25-year high, as inflation fears hit bond sale
Rolling coverage of the latest and economic news, as US sells 30-year bonds at highest borrowing costs since 2001
UNT Health Fort Worth expects nearly flat revenue, higher spending in 2027
The university expects a small revenue increase and raises expenditures $8.2 million as it pursues enrollment, research and clinical growth.
Scientists Overfed a Tiny Worm… And It Started Growing a Chain of Clones
This gives new meaning to the term 'food baby'.
Cleveland Fed’s Hammack questions whether U.S. inflation will keep slowing
The Federal Reserve Bank of Cleveland president says more needs to be done to get to the Fed's 2% target for inflation.
GeForce NOW On Linux Native App Exits Beta
At the beginning of the year NVIDIA released a native build of GeForce NOW for Linux using Flatpaks
NVIDIA GeForce NOW native Linux app leaves beta, Frame Generation gets lower latency
GeForce NOW for Linux is now officially available with an NVIDIA Flatpak repository. Cloud-side updates also target latency and CPU-limited games.
Hendersonville hospital celebrates opening of Adolescent Behavioral Health Center
WLOS News 13 provides local news, weather forecasts, traffic updates, notices of events and items of interest in the community, sports and entertainment programming for Asheville, NC and nearby towns and communities in Western North Carolina and the Upstate of South Carolina, including the counties of Buncombe, Henderson, Rutherford, Haywood, Polk, Transylvania, McDowell, Mitchell, Madison, Yancey, Jackson, Swain, Macon, Graham, Spartanburg, Greenville, Anderson, Union, Pickens, Oconee, Laurens, Greenwood, Abbeville and also Biltmore Forest, Woodfin, Leicester, Black Mountain, Montreat, Arden, Weaverville, Hendersonville, Etowah, Flat Rock, Mills River, Waynesville, Maggie Valley, Canton, Clyde, Franklin, Cullowhee, Sylva, Cherokee, Marion, Old Fort, Forest City, Lake Lure, Bat Cave, Spindale, Spruce Pine, Bakersville, Burnsville, Tryon, Columbus, Marshall, Mars Hill, Brevard, Bryson City, Cashiers, Greer, Landrum, Clemson, Gaffney, and Easley.
Consumer Debt Data Shows ‘Overall’ Health Amid Persisting Divides
Homeowners with low fixed-rate mortgages lead a resilient picture of the economy. But many consumers are frustrated with declining real wages and other loans.
State Meditates Another Huge Pay Bump for Oregon Health Plan Operators
The proposal, which is preliminary, comes as alarm bells clang over runaway medical inflation.
Inflation cooled in July but remained elevated as Fed weighs rate hikes
The Labor Department released the consumer price index (CPI) for July which showed that inflation cooled, even as the pace of price growth remained elevated.
Xbox CEO Asha Sharma's internal playthrough of The Elder Scrolls 6 disrupted by a giant inflatable rat, as Bethesda union protests cuts
The CWA video games union brought a giant inflatable rat as well as red flags marking each laid off employee.
Union members stage massive protest for Xbox boss Asha Sharma
It would be hard to miss the giant inflatable rat on the lawn.
India plans insurance reforms to rein in healthcare costs, sources say
India is weighing wide-ranging reforms of health insurance, from benchmarked treatment rates to a nationwide claims exchange, as it looks to boost transparency in a struggle to hold down some of the highest medical inflation in Asia, two sources said.
Cheese industry struggling under weight of tariffs, inflation and war
Rising costs of milk and shipping are impacting makers
In Protest Of Mass Layoffs, Bethesda Devs Greet Xbox Leadership With A Giant Inflatable Rat
'We heard that Microsoft leadership was coming to our office this week, and decided to make our presence visible'
US Small-Business Optimism Rises to an Almost One-Year High
US small-business optimism rose in July to the highest level in almost a year as firms ramped up hiring plans and inflation pressures eased.
Will the Dome be deflated? Anchorage sports facility launches fundraising campaign.
The Dome has been the home of the state's largest indoor field for nearly 20 years. The facility's operators are asking for help funding the replacement of its exterior.
Bears get deflating Luther Burden III injury timeline
Chicago Bears WR Luther Burden III who injured his groin during training just got a return timeline and it does not look ideal.
American Airlines Just Made It Harder for Elite Flyers to Get Free Business-Class Upgrades
Starting August 25, AAdvantage members flying economy are losing a valuable perk on popular Hawaii and coast-to-coast routes: a chance to score a complimentary lie-flat seat.
Former Washington football star prioritizing health over starting job
Former UW star Michael Penix Jr. is nearing a return from a knee injury, and a battle for Atlanta's QB1 job.
United's long-haul business class fares just got cheaper
United Airlines just made some lie-flat business class seats cheaper on long-haul flights, but there's a catch. What to know about the new Polaris base fares before buying.
5 dead, 4 hospitalized in Louisiana from flesh-eating bacteria outbreak: health officials
WCHS ABC 8 provides local news, weather forecasts, traffic updates, notices of events and items of interest in the community, sports and entertainment programming for Charleston and nearby towns and communities in the Tri-State area, including Huntington, Dunbar, Marmet, Montgomery, Nitro, South Charleston, St. Albans, Cedar Grove, Chesapeake, Clendenin, East Bank, Glasgow, Pratt, Cross Lanes, Elkview, Pinch, Sissonville, Big Chimney, Cabin Creek, Chelyan, Davis Creek, Institute, Jefferson, Loudendale, Mink Shoals, Pocatalico, Quick, Quincy, Rand, Buffalo, Eleanor, Hurricane, Nitro, Poca, Winfield, Culloden, Fraziers Bottom, Hometown, Red House, Scott Depot, Teays Valley, Danville, Madison, Hamlin, Logan, Chapmanville, Man, Delbarton, Kermit, Gilbert, Matewan, Williamson, Summersville, Richwood, Flatwoods, Gassaway, Sutton, Spencer, Ravenswood, Ripley, Mason, Point Pleasant, Ashland, Pikeville, Ironton, Portsmouth, Gallipolis, and Athens.
In the decade since rate cuts began, NH business tax revenues grew by an inflation-adjusted $3 billion - THE JOSIAH BARTLETT CENTER FOR PUBLIC POLICY
In 2015, the year New Hampshire legislators began a series of business tax cuts, revenues from the state’s two primary business taxes were a combined $561.7 million. In the decade since, business tax revenues grew by more than $3 billion. From 2016-2025, the state collected $3.02 billion in new business tax revenue above the 2015 […]
Leisure and hospitality has lost its strength in the job market
Inflation could be prompting some Americans to cut back on discretionary spending, leading employers to slow hiring.
US economy unexpectedly shed jobs in July
The Labor Department released the July 2026 jobs report, which showed the U.S. economy shed jobs unexpectedly last month amid uncertainty over inflation.
Flutter Entertainment (FLUT) Stock Faces Margin Squeeze Despite Steady Revenue
Flutter Entertainment walked into this earnings print with a stock that has quietly drifted lower over the past month, yet the immediate reaction has been almost flat. The share price edged only 0.1% higher to about US$93, even as the company reported a sharp squeeze in adjusted EBITDA and a group net loss in the quarter. The market mood looks numb rather than shocked. Traders appear focused on the profit hit from heavier U.S. marketing and higher taxes. The more patient question is whether...
More than 280,000 eggs delivered to Foodlink as part of price fixing settlement
The AG's office says three companies coordinated to artificially inflate prices.
Federal Reserve’s Lisa Cook tells Anchorage business crowd she’s ‘firmly committed’ to bringing down inflation
High inflation for five years has contributed to negative views of the economy, even as it’s largely stable, Lisa Cook said.
I flew business class on a budget airline—and it wasn't what I expected
A firsthand look at JetBlue's new Boston-to-Barcelona flight, from lie-flat seats to food, service, and what's actually worth it.