A father in Ohio is torn over his 43-year-old daughter Patti, who keeps asking family for cash despite her unstable finances. Her two kids go to private school while her live-in boyfriend only pays rent and the couple’s relationship seems to revolve around the children. Patti’s spending habits stand
Banks are stepping away from some commodity payments because of worries about hidden ties to Iran. The result is a surge in the use of stablecoins, especially Tether’s USDT, by traders who need quick and reliable ways to move money. The global trade finance market is worth about $2 trillion, b
Weekends used to be quiet in finance. Now, something unusual is happening while big exchanges sleep. Crypto platforms have started hosting futures tied to gold, oil, and other traditional assets that never close. These markets now swing billions every weekend even when Wall Street is dark. Research
Benin’s presidential race is shaping up to be less of a contest and more of a handover. Romuald Wadagni, the current finance minister, is the clear favorite to win this weekend’s election. Why? He’s backed by the ruling party, and his main rival couldn’t even gather enough support to run. That’s a b
The U. S. Postal Service is on the brink of a financial collapse, according to its top official who recently spoke before Congress. He warned that if nothing changes, the agency could exhaust all its funds in under a year. To stave off bankruptcy, lawmakers are urged to allow the Post Office to rai
A new law lets wealthy donors spend more money on elections, while giving politicians less proof of where that money comes from. Oregon’s governor signed the bill even though many watchdog groups warned it could open loopholes and weaken existing limits. The measure was intended to prepare for stric
A new study shows that the way local governments borrow money could help keep bats alive and improve county finances. When a fungal disease called white‑nose syndrome killed many North American bats, farmers lost an inexpensive natural pest controller. Without the insects that bats eat, farms
A man who once balanced spreadsheets in Boston now balances fabric and fit for NFL, NHL, WWE, and MLB athletes. After years of working at investment firms, he discovered a passion for tailoring that started as a hobby—designing sharp suits on Instagram to impress friends. In 2014, a Kansas City Chie
"Bill Ackman is aiming to buy Universal Music Group for $63. 5 billion, a deal that would bring the former Hollywood talent‑agent Michael Ovitz onto UMG’s board as chairman. Ackman, who has spent recent years investing in tech and other industries, sees this move as a chance to create a diversified
The way money is used to win elections often hurts the very folks who vote. People struggle with bills for health care, rent, child care and utilities. When an emergency happens, many have no savings left for a safety net. A candidate who ran for county executive promised to keep the race fai
