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Binance hack – who is behind it, is my money safe and what we know so far
Binance, the world’s largest crypto exchange, suffered a $6.3bn hack believed to be the largest in cryptocurrency history. The exchange says it will cover all losses and has suspended deposits and withdrawals as a precaution.
Xbox’s former COO has ‘serious concerns’ about her abrupt departure
Xbox’s former COO Helen Chiang departed Microsoft less than two weeks after her July promotion, citing “serious concerns” about how she was treated and questioning the fairness of her termination.
In Arkansas, Democrats see an opening at the edge of the competitive midterms map
Arkansas Democrats are mounting unexpected challenges in a conservative state, with Senate candidate Hallie Shoffner and others framing their campaigns around shared values and economic hardship rather than partisan identity.
Americans grow more pessimistic about their finances, New York Fed finds — expert warns of ‘tough choices’ ahead
Americans report worsening financial outlooks and expect higher inflation ahead, according to a New York Federal Reserve survey released Wednesday, with consumers increasingly worried about affordability.
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Homebuyer affordability slipped for fifth straight month, real estate index shows
Homebuyer affordability declined for the fifth consecutive month in June, with qualifying income reaching $109,152 as home prices and mortgage rates remained elevated.
Fidelity says 2026 retirees may spend $185,500 on healthcare. One category may push those costs higher
A 65-year-old retiring in 2026 may spend an average of $185,500 on healthcare expenses in retirement, according to Fidelity Investments, marking a 7.5% increase from prior-year estimates.
Lawmakers renew push to axe a lucrative tax loophole for crypto investors
Congressional lawmakers are pushing to eliminate a tax loophole that allows cryptocurrency investors to claim investment losses without divesting holdings, a practice estimated to cost billions annually in foregone tax revenue.
Buying a condo with a mortgage may soon get more complicated. Here’s why
Fannie Mae and Freddie Mac are implementing stricter condo-lending policies effective Aug. 3 that require comprehensive reviews of building finances and conditions, potentially causing mortgage approval delays and denials.
Can your tax preparer use AI without telling you? Some experts say IRS rules aren’t clear
Tax firms increasingly use AI in their practices, but IRS guidance on disclosure requirements remains unclear, leaving questions about whether clients must be informed of AI involvement in preparing returns.
Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks
Clear Street, a fintech prime brokerage, is launching a platform enabling accredited investors to purchase interests in private companies before their public debuts, beginning with AI software firm Databricks valued at $188 billion.
Thai Union ups forecasts after “strong” Q2
Thai Union raised its full-year sales forecast to 4-6% growth from 3-4% previously, citing strong second-quarter results with record gross margins and expanding volumes across key segments.
Loews Reports Higher Second-Quarter Profit as Revenue Continues to Grow
Loews Corporation reported second-quarter net income of $444 million, up from $391 million a year earlier, as its insurance, pipeline and hospitality divisions all posted improved results.
Easterly Government Properties Tops Second-Quarter Forecasts and Lifts Full-Year Outlook
Easterly Government Properties exceeded second-quarter earnings expectations and raised full-year 2026 guidance, with adjusted earnings of $0.78 per share and revenue of $92.42 million.
Soybeans Falling on Monday Morning
Soybean futures declined Monday morning, trading 8 to 9 cents lower, while recent Chinese purchases of US soybeans were reported over the weekend.
Wheat Starting August with Slight Losses
Wheat futures declined modestly at the start of August, with losses ranging from 1 to 4 cents across front-month contracts across multiple exchanges.
Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
Merck raised its 2026 revenue guidance to between $66.3 billion and $67.3 billion after beating second-quarter expectations, though it cut profit guidance due to acquisition-related charges totaling $14.7 billion.