U.S. contractor originally from Ethiopia arrested on espionage charges, Justice Department says

pbs.org A contractor for the U.S. government has been arrested on espionage charges, accused of providing a foreign country classified information that he downloaded and printed…

Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes

news.bitcoin.com Tether, the company behind the issuance of USDT, the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise…

Democratic Dallas Mayor Eric Johnson Announces He Is Switching Parties: ‘I Will Leave Office As a Republican’

mediaite.com AP Photo/Tony Gutierrez The Democratic party is losing one of its big-city mayors. Eric Johnson, the mayor of Dallas, Texas, announced in an op-ed in the Wall Street Journal…

In Reversal, Biden Agrees To 'Small Number' Of ATACMS Long-Range Missiles For Ukraine

zerohedge.com In Reversal, Biden Agrees To 'Small Number' Of ATACMS Long-Range Missiles For Ukraine Up until this week, the White House has consistently signaled that Biden is not in…

Apple is marketing a feature that makes it easier for users to have their accounts stolen

aol.com None Apple is marketing a security feature after the WSJ revealed it can be used by iPhone thieves. • None Thieves have reportedly taken up to $10,000 through iPhones by…

Did Tether Spokesperson Just Confirm Major Conspiracy?

u.today Recent statements from purported Tether spokesperson have reignited debates and speculations surrounding stablecoin issuer's lending practices, seemingly confirming theories…

3M Settles US Treasury Probe Over Iran-Related Sales

benzinga.com 3M Company MMM, the American multinational conglomerate, is on the hook for a substantial settlement following an investigation by the U.S. Treasury Department. The Office…

Olive Garden Sees Positive Results From Darden’s Brand Equity Strategy

pymnts.com Darden Restaurants, the parent company of popular dining chains including Olive Garden, The Capital Grille and LongHorn Steakhouse, has adopted a strategic shift in its…

Nobody Knows Anything, Dot Plot Edition

ritholtz.com The September Federal Reserve meeting is behind us we still have November and December ahead of us. Markets are nervous expecting another hike before years over before two…

Today's Logistics Report: Staffing the Railroads; Scoping Out Emissions; E-Commerce Upstarts

createsend.com The pressure on companies to measure and disclose greenhouse-gas emissions deep in their supply chains is growing. California and the European Union are both poised to…

Tether Resumes USDT Loans Nearly A Year After Discontinuing Them

cryptodaily.co.uk Stablecoin coin issuer Tether has announced it is resuming lending USDT to clients. The announcement comes less than a year after the company announced it would stop issuing…

What This $6 Billion Rail Line in Laos Reveals About China’s Future

wsj.com A China-built rail line in Laos aims to jumpstart the country’s exports and provide China a key link to overseas markets. WSJ explores the ambition behind the $6 billion…

Bombshell report claims the 39-year-old Harvard Law prodigy with a historic $110 million CEO pay package quit amid horrific sexual abuse allegations

finance.yahoo.com Kiwi Camara, the youngest-ever Harvard Law graduate and founder of legal tech firm CS Disco, made headlines last week with his unexpected resignation, relinquishing an…

Sam Bankman-Fried’s Fraudulent FTX Crypto Scheme Funneled Cash to Left-Wing Groups Through Arabella Advisors

themainewire.com Joseph Bankman, the father of the infamous former crypto entrepreneur Sam Bankman-Fried, allegedly held a role on the advisory board of a top liberal dark money consulting…

Rupert Murdoch Still Looking To Exert Political And Media Influence Despite Retiring As Fox & News Corp Chairman

deadline.com The news that Rupert Murdoch was stepping down as chairman of Fox Corp. and News Corp. quickly triggered talk of his legacy, overshadowing one aspect of his announcement:…

Parents are hiring 'moms' to iron sheets and make beds for their college students away from home

businessinsider.com There are local support options available to students who are far away from their parents, but it comes with a price tag. Maskot/Getty Images Some parents are sending their…

“Flexicles,” story alert systems, and other ways AI will serve publishers, reporters, and readers

niemanlab.org Understanding artificial intelligence has become an essential skill for a media leader. That isn’t simply because you need to determine whether to allow scraping of your…

Does The UAW Union Merit A Huge Raise

zerohedge.com Does The UAW Union Merit A Huge Raise By Mish Shedlock of MishTalk The real problem is productivity says Greg Ip at the Wall Street Journal. Greg Ip says American Labor’s…

Tether Resumes USDT Loans, Insists It Maintains Excess Reserves

decrypt.co Stablecoin issuer Tether has resumed providing new loans denominated in USDT to clients, a move that comes nearly a year after the company had announced its intention to…

Apple's iPhone 15 is missing a chip that the company spent billions developing, report says

businessinsider.com Apple launched the iPhone 15 at its "Wonderlust" event. Justin Sullivan/Getty Images Apple launched the iPhone 15 and iPhone 15 Pro at its "Wonderlust" event last week. The…

‘Pray and delay’ is back as debt costs soar

semafor.com The Scene With debt payments soaring, companies and their lenders are returning to an old trick: kicking the can. Payback schedules have been extended on $114 billion worth…

Ripple’s legal bills hit $200 million as crypto industry looks to Asia

fortune.com Ripple won a landmark decision against the Securities and Exchange Commission this summer when a federal judge ruled its sale of XRP tokens did not, in most cases, amount to…

Natural Gas Prices Retreat Ahead of Storage Data

wsj.com 0809 ET – Natural gas prices are trading lower for second consecutive session, down 0.7% at $2.714/mmBtu ahead of a weekly EIA storage report at 10:30 am ET. The data is…

Tether Fights Back USDT Lending FUD, Calms Crypto Market

bitcoinist.com In a rebuttal to recent concerns raised by The Wall Street Journal (WSJ) on its lending practices, Tether has refuted claims regarding its USDT lending and reinforced its…

Fox & Friends Gets Tense After Steve Doocy Brings Up WSJ Column on Trump Being ‘Afraid’ to Debate

mediaite.com Things got momentarily tense on the consistently convivial curvy couch of Fox & Friends after Steve Doocy brought up a recent Wall Street Journal essay asking, “Why is…

Crypto Firms ‘Disregard’ US Amid Regulatory Crackdown

pymnts.com Cryptocurrency companies apparently don’t feel at home in America these days. Amid a regulatory crackdown, crypto executives say they are now looking outside the U.S. for…

Tether Responds to Stablecoin Lending Revival Move Amidst Scrutiny from WSJ

cryptopotato.com In a somewhat surprising turnaround, Tether Holdings has resumed its stablecoin lending activities from its earlier intention to scale down such operations. The company has…

Pharmaceutical Externalities

marginalrevolution.com In my view, pharmaceuticals are undervalued and underinvested in because, despite high prices, pharmaceutical innovations earn only a fraction of the value that they create…

Wall Street Journal Editorial Board Taunts Trump Over Skipping Debates: Why is He So ‘Afraid?’

mediaite.com AP Photo/Alex Brandon The opinion leaders at the WSJ aren’t quite clucking like a chicken to mock the former president, but they are coming awful close. The Editorial Board…

Tether Resumes Lending Operations Despite Saying It Would Cut Loans

beincrypto.com Stablecoin issuer Tether has restarted lending, as its Q2 financial report shows an increase in loans compared to Q1. Tether, which issues the USDT stablecoin, has faced…

Today's Logistics Report: Warehouse Markets Resilient; Migrant Surge Hits Freight; FedEx's Weaker Demand

createsend.com Federal Reserve officials held interest rates steady but signaled they were prepared to raise rates again. (WSJ) Iran’s oil exports have surged since the U.S. and Tehran…

Tether brushes off concerns over restarting controversial USDT short-term loan services

cryptoslate.com Stablecoin issuer Tether (USDT) has silently resumed its secured lending services less than a year after publicly announcing that it would remove it this year. Using…

Tether 2023 stablecoin loans rise despite size-down announcement in 2022

cointelegraph.com Tether, the largest stablecoin issuer in the crypto market has seen a rise in its stablecoin lending, aka secured loans, in 2023, despite the firm having announced it will…

Thousands Of Armenians Rush To Airport, Fearing Genocide, As Ceasefire Announced In Nagorno-Karabakh

zerohedge.com Thousands Of Armenians Rush To Airport, Fearing Genocide, As Ceasefire Announced In Nagorno-Karabakh After an intense full day of fighting between Azerbaijan forces and…

JPM Markets Desk: "Sentiment Is Turning Very Negative On The US Consumer"

zerohedge.com JPM Markets Desk: "Sentiment Is Turning Very Negative On The US Consumer" Two weeks after bursting the AI bubble, JPM's truthy trading desk (not to be confused with the…

Sam Bankman-Fried's Parents Sued by FTX Over Alleged 'Misappropriation' of Millions

entrepreneur.com FTX has initiated a lawsuit against the parents of its founder, Sam Bankman-Fried, in an attempt to recover millions of dollars that the company alleges were fraudulently…

Grayscale Takes New Approach As It Files For Another Ethereum Futures ETF

newsbtc.com On the back of its partial victory against the US Securities and Exchange Commission (SEC), Grayscale has applied to the Commission for another Ethereum Futures…

Philip Morris considers selling stake in pharmaceuticals unit to boost healthcare division

cnbc.com In this photo illustration a Vectura Group plc logo is seen on a smartphone and a pc screen. Philip Morris International is considering selling off a stake in its largest…

Tesla and Elon Musk are reportedly under DOJ probe over perks and transactions

electrek.co Tesla and Elon Musk are reportedly under a federal probe over perks and transactions between the company, the CEO, and other companies under Musk’s control. Last month, it…

The UAW Strike Is A Thorn In The Side Of Biden's Domestic EV Agenda

zerohedge.com The UAW Strike Is A Thorn In The Side Of Biden's Domestic EV Agenda It isn't any wonder that the Biden administration seems to have no idea what, if any, role it can and…

Oil Prices Declining for 2nd Straight Day

barrons.com U.S. crude futures are falling for a second straight day, down 0.9% to $90.42 a barrel after rising Monday to a 2023 closing high of $91.48. Analysts have been predicting…

Grayscale Files Application for Ethereum Futures ETF

u.today Grayscale wants another Ethereum Futures ETF as it drops application with SEC Grayscale Investments, the renowned subsidiary of the Digital Currency Group (DCG), has made…

Today's Logistics Report: Diesel Trucks in Demand; Crumbling Emissions Plans; Amazon Holiday Cheer

createsend.com The OECD lifted its forecast for global growth in 2023 to 3% but cut its outlook for economic activity next year. (MarketWatch) Construction of new U.S. homes fell 11.3% in…

Why It Has Never Been More Expensive to Buy a Car

wsj.com Supply-chain issues have largely been resolved and inflation is cooling, but car ownership has never been more expensive. WSJ’s Dion Rabouin walks through the data showing…

Report: Goldman Sachs Nearing Sale of GreenSky Unit

pymnts.com Goldman Sachs is reportedly in advanced talks with possible buyers for its FinTech lender GreenSky. As the Wall Street Journal (WSJ) reported Tuesday (Sept. 19), the Wall…

Crypto Asset Manager Grayscale Files for New Ethereum Futures ETF: WSJ

cryptopotato.com On September 19, Grayscale Investments filed with the Securities and Exchange Commission for a new ETF tracking Ethereum futures. The firm has filed under both securities…

Instacart Stock Closes 12% Higher Than IPO Price

pymnts.com Instacart stock closed at $33.70 a share on Tuesday (Sept. 19), the day of its initial public offering (IPO). Priced at $30 a share on Monday (Sept. 18) by the…

Elon Musk Glass House Case Sees Justice Department Looking Into Personal Benefits From Tesla: The Latest Details

benzinga.com Billionaire and Tesla Inc TSLA CEO Elon Musk faces an investigation from the Justice Department over a secretive project that included rumors of a glass house being built.…

Sunday assorted links

marginalrevolution.com 1. “Mobility indicators measuring voluntary decisions to socially distance, comprising measures of visitors/visits to recreational locations, and mobility proxy measuring…

Treasury Yields Wobble on Housing Data

barrons.com August housing starts were lower than expected, while markets increasingly price a long pause on U.S. interest rate increases. Last month, total housing starts fell 11.3% to…

AutoZone, Starbucks and Block fall premarket; Dell, Tesla rise

investing.com Investing.com -- U.S. traded marginally higher Tuesday, as investors await the start of the crucial two-day Federal Reserve meeting, which could set the tone for weeks to…

Today's Logistics Report: Auto Talks Resume; Strike's High Economic Stakes; LNG Supply Chains

createsend.com U.S. companies’ confidence in their business prospects in China fell to the lowest level since 1999. (WSJ) Home builders’ confidence in the U.S. fell in September to the…

The Most Popular Options Trade Turns a $1 Investment Into a $1,000 Stock Bet

finance.yahoo.com There’s an invisible force driving the most popular options trade of the year — one that gives Wall Street pros and day traders alike the power to turn a $1 investment into…