Finance
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One American loses their job for every 6 immigrants removed from the workforce as researchers see ‘no evidence’ that ICE is helping the economy
Donald Trump said he had been given a “mandate” by the electorate when he returned to office last year, with one of his charges being to enact mass deportations. Most of his voters seemed to agree, with immigration often topping Republican priorities heading into the 2024 election. Most Americans still support a heavy hand on
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Coinbase didn’t just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down
Coinbase CEO Brian Armstrong is adapting the company for the AI age, cutting 14% of employees and reimagining its org chart to bring the company back to its startup roots. Armstrong said the layoffs, which could affect just under 700 employees based on Coinbase’s last employee count, are partly due to a crypto downturn. Yet,
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Early retirement is shrinking Gen X’s brain, new research warns
While economists sound alarms about Gen Z unemployment, new research points to a quieter crisis: Gen X workers retiring years before 65—and paying a steep cognitive price for it. About 35% of workers who have been unemployed for more than 24 weeks are over the age of 55, according to an April 2025 analysis. Over
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You had a miserable 2025 because of tariff inflation. The Iran war will be even worse, top economist says
“This will be indeed the golden age of America,” President Donald Trump proclaimed on April 2, 2025, better known as Liberation Day. On that day, the president lauded tariffs as a way to “make America wealthy again.” Americans invested in the market lost about 10% of their wealth as the market reeled with one of
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MoonPay acquires Solana trading infrastructure platform in $100M all-stock deal
The crypto payment and infrastructure firm MoonPay has acquired DFlow, a platform that facilitates trading on the Solana blockchain. MoonPay paid $100 million in stock to scoop up DFlow, two sources with direct knowledge of the matter told Fortune. MoonPay has been on a dealmaking spree, making six acquisitions since the beginning of 2025. Those
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Anthropic deepens push into Wall Street with new AI agents, full Microsoft 365 integration, Moody’s data partnership
Anthropic is dramatically expanding its footprint in financial services, launching a suite of pre-built AI agents for the world’s largest banks and debuting Claude Opus 4.7 — its most capable model for financial work yet. The announcements, made Tuesday at the company’s invite-only event in New York, cap a 48-hour blitz that signals Anthropic isn’t
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Andreessen Horowitz’s crypto arm raises $2.2 billion for fifth venture fund, promotes CTO Lazzarin to general partner
The biggest name in crypto venture capital closed another mammoth fundraise. The digital assets arm of Andreessen Horowitz, which goes by a16z crypto, announced Tuesday morning that it’s drummed up $2.2 billion for its fifth venture fund. The firm also announced it has promoted its CTO Eddy Lazzarin to general partner. Andreessen Horowitz is one
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Solana firm Jito launches a consumer trading app months after raising $50 million
Over the past four years, crypto startup Jito has made its name building infrastructure for the Solana blockchain network. But coming off of a banner 2025, Jito is no longer content to remain on the back end of crypto trading and plans to launch a consumer-facing trading app, called JTX, in July. The app will
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Current price of oil as of May 5, 2026
As of 8:45 a.m. Eastern Time today, oil is trading at $116.55 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $1.54 above yesterday morning’s level and about $56 higher than where it stood a year ago. Oil price per barrel % Change Price of oil yesterday $115.01 +1.33% Price of
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Exclusive: Kraken to let customers cash out crypto at MoneyGram locations in more than 100 countries
Crypto transfers are typically instant and seamless—unless, that is, users want to convert their digital currency into cash. In those cases, users in many countries are obliged to navigate a slow, complex conversion system. Customers of the crypto exchange Kraken have long complained about this problem, which is why the firm has partnered with the