Several proposals consider changing the way retirees receive inflation protection. Here’s what it could cost you.
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The program is expected to run out of money in the next six years, which is the same amount of time as a senator’s term.
Experts point to well-publicized turmoil at the government agency last year as a potential spark.
A $6 billion crypto hack is putting digital-asset security back in the spotlight. Former CFTC chairman J. Christopher Giancarlo, known as “CryptoDad”, argues the attack exposed vulnerabilities at an individual firm rather than a failure of underlying blockchain technology. He is also calling for the US to take a more aggressive approach to state-sponsored cyberattacks. He joins Bloomberg Businessweek Daily to discuss the fallout from the hack and why he believes prediction markets should be regulated federally by the CFTC rather than by individual states. (Source: Bloomberg)
The case, brought by an 18-year-old Mississippi woman and set for trial next week, was the fourth of nine bellwether personal injury lawsuits.
Ex-soldier Brett Velicovich turned a presidential social media shout-out into a $300 million drone startup.
It wasn't immediately clear the extent of the damage hackers might have been able to cause, and Binance had not explicitly confirmed that funds had been pilfered. The company said its teams are "working around the clock" to resolve the issue.
Binance, the world's largest cryptocurrency exchange, is investigating a potential security issue that appears to be a hack
Binance froze $3 billion in assets after a major security incident, with Changpeng Zhao suggesting the crypto exchange appears to have been hacked.
Traders who lost money on the incident will be “made whole,” the prediction-markets platform said.
The number of Americans applying for unemployment claims dipped last week to 194,000 — lowest since mid-July — as layoffs remain low and most Americans enjoy job security
Thrive will pay $10 a share in cash for the home-security company, a 35% premium to Wednesday’s closing price of $7.41.
Plus: Drug middlemen to share payment details, and Elizabeth Warren demands answers from Anthropic.
Sanrio ends association with TV drama Vivant after China says portrayal of ruthless Chinese agents is ‘deliberate smear’ The company behind the successful Hello Kitty franchise has apologised and ended its commercial tie-up with a Japanese TV drama after Chinese state media and netizens condemned the show’s “deliberate smears” against China. Sanrio, a Japanese firm whose characters are popular around the world, said in a post on the Chinese social media site Weibo that it had decided to end its association with the TV drama Vivant after concluding that it “contained elements inconsistent with Sanrio’s core values”. Continue reading...
Congress needs a plan to prevent the program’s funds from running short by 2032. Many Senate candidates have shared their positions — some of them unexpected.
Some of the social media posts paid for by Gina Hinojosa’s campaign for Texas governor don’t include a disclosure, despite a state regulation that likely requires it.
The plaintiffs allege that features on the companies' social media platforms, like endless scrolling, kept them hooked and harmed their mental health.
The actor Cheyenne Jackson’s social media campaign highlights the increasing struggles of working actors to book enough parts to remain insured.









