Joy Reid, whose MSNBC show "The ReidOut" was canceled earlier this year, says leaving corporate media has been "liberating," allowing her to express her voice fully.
Why it matters: Reid is part of a growing wave of Black journalists — from Roland Martin and Jemele Hill to Don Lemon and Tiffany Cross —each creating independent media platforms when pushed out of mainstream media in high-profile clashes over voice, culture or politics.
Airbnb hosts in U.S. World Cup cities could earn $4,000 on average by renting out their homes during the tournament, company research shows.
Why it matters: Visiting fans are expected to boost local economies, with Airbnb guests pouring $865 million into accommodations, food, shopping and more nationwide, according to a Deloitte study commissioned by the platform.
President Trump's approval rating on his longtime political calling card — the economy — has sunk to 31%, the lowest it has been across both of his terms as president, according to a new survey from The Associated Press-NORC.
Why it matters: The decline in the approval rating comes as the administration is working to take on an affordability crisis that has been weighing on consumers.
A federal bank regulator on Friday granted conditional approval for five crypto-related firms — including Circle and Ripple — to obtain national trust bank charters.
Why it matters: It's a significant regulatory step for U.S. stablecoin issuers in the wake of the Genius Act — and one traditional banking groups have fought hard to block.
Wall Street's AI hopium is turning to discernment, with investors punishing Oracle and Broadcom for less-than-stellar earnings this week, bringing Nvidia down alongside them.
Why it matters: It represents a shift in the AI investment thesis: Investors are set to reward efficiency, not spending, in 2026. That could be a big problem for Nvidia, which benefits from record spending from a handful of Big Tech customers.
Congress yesterday pushed forward a package of bills that could increase capital formation in the private markets.
The big picture: This could be the first part of a one-two punch for private markets, followed by more politically fraught efforts to allow 401(k) plans to invest in alternative assets.
Oil prices are generally sinking this weekdespite the U.S. seizure of a tanker off Venezuela's coast, saber rattling about doing it again, and Ukraine hitting a Russian tanker in the Black Sea.
Why it matters: Geopolitical strife historically shoves prices upward, especially when oil and oil producers are involved. So what's going on? A few overlapping things...
Oracle missed its quarterly revenue, pushing its bond yields to their highest levels of the year, a sign that investors are demanding greater compensation for the risk of holding its debt.
Why it matters: The spotlight is on Oracle, but the market move underscores a broader shift in how tech giants are perceived: from huge cash generators to companies making enormous AI bets using debt.
President Trump's "gold card" program could endanger applicants' money, lead to revoked citizenship, or inspire fraud, legal experts told Axios.
The big picture: Trump's hardline immigration crackdown has disproportionately impacted impoverished households, but the president's Gold Card program could flip the script, causing financial and logistical problems for wealthy applicants.
