Thursday, August 20
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Personal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified statusPersonal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified status

Latest

The U.S. Treasury Department building in Washington, D.C.
Economy 3 h

The U.S. national debt passes $40 trillion for the first time

  • The federal government's total debt reached $40.05 trillion this week, the Treasury Department reported, just five months after crossing $39 trillion.
  • The pace of borrowing is what makes the milestone matter: a decade ago the figure was $19.4 trillion, and the next fight over the $41.1 trillion debt limit is already coming into view.

In brief

In brief

Traders on the floor of the New York Stock Exchange
Crypto 30 d

Grayscale files to launch a Worldcoin ETF, a filing not an approval

  • Grayscale has filed an S-1 with the SEC for what would be the first US Worldcoin ETF, proposed for Nasdaq under the ticker GWLD.
  • It is a registration statement that starts a process, not a product that trades, and Worldcoin's biometric model makes it a more loaded candidate than the average token.

In brief

In brief

Pedestrians crossing Bridge Street in Westminster, London
Economy 31 d

A thinktank puts a 57 billion pound price on Britains worsening health

  • The Health Foundation estimates that returning working-age health to 2014 levels would add £57bn of output, about 2 percent of GDP, and £72bn to the public finances.
  • The number of working-age people with a long-term condition rose from 11.7 million to 15.7 million in a decade.

In brief

In brief

A physical novelty coin representing bitcoin
Crypto 33 d

France Orders Internet Providers to Block the Crypto Market Polymarket

  • France's gambling regulator has told internet providers to block Polymarket, the crypto-based prediction market, arguing it offers unlicensed gambling to French users.
  • It is an escalation from an earlier ban on payments to the site, which failed to stop French traffic, and part of a wider regulatory squeeze on prediction markets across Europe and Asia.

In brief