The U.S. Securities and Exchange Commission (SEC) on Tuesday asked a federal court for a temporary restraining order that would freeze the assets of crypto exchange Binance's U.S. affiliate.
Driving the news: McDonald's is digging into its past, this time turning the spotlight on its iconic purple character with the June 12 release of the Grimace Birthday Meal, a limited-time meal that includes a purple shake.
While one regulator continues its attempt to bring the crypto industry to heel by penalizing it, another regulator is emerging to take a different tack, and seize authority over digital assets.
Driving the news: Hours after Coinbase was sued by the Securities and Exchange Commission for breaking market rules, a House committee hearing on a discussion draft legislation for the regulation of digital assets kicked off.
The media's obsession with HBO's hit series "Succession" drew outsized coverage of the show that was disproportionate to reader interest, according to new data.
Why it matters: While there's no question "Succession" was a huge hit, the countless spoilers, cast interviews and interpretations of the series may have been driven more by the media's obsession with its own industry rather than consumer interest.
Members of the union representing Hollywood actors voted overwhelmingly to authorize a strike against the country's biggest TV and film studios Monday, should the two groups fail to reach a new contract deal by the end of the month.
Why it matters: If the two sides don't come to an agreement, Hollywood would likely face a two-pronged labor battle. The union representing Hollywood writers began striking last month for the first time in 15 years, sending Hollywood's fall TV schedule into a tailspin.
FarmboxRx, a food delivery company, is launching a fund to help lessen the financial toll of bygone pandemic-era benefits on food-insecure U.S. households.
Why it matters: Nobody knows if we're in a new bull market, but the mere fact that we're talking about it underscores the momentum stocks seem to be gathering.
The 136-page complaint the SEC filed against crypto exchange Binance on Monday morning, alleging market manipulation, securities law violations, and fraud, can be taken as a template for any future complaint against Coinbase.
Why it matters: An SEC case against Coinbase has been expected at least since March when the exchange revealed it had received a "Wells notice" from the agency.
Operations at several West Coast ports were "throttled" Monday due to labor stoppages or slowdowns, the WSJ reported, as union contract negotiations between dockworkers and shipping companies dragged into a second year.
Why it matters: These kinds of work stoppages have disrupted operations at West Coast ports for months, pushing more shipping activity to the East Coast and raising painfully familiar concerns about supply chain disruptions.
Recreational boating, which took off during the COVID-19 pandemic, remains popular despite what industry experts call a "normalization" of boat sales in the wake of the COVID era's extraordinary growth.
A top U.S. financial regulator's lawsuit against crypto's biggest strongman could eventually lead to a détente that lends the industry the legitimacy it seeks in Washington.
Why it matters: Rooting out all of the crime in crypto might be a fool's errand — but perhaps U.S. officials' overarching goal is to pick off its biggest and worst offenders.
Decisions by two major insurers to stop offering new homeowner's policies in California highlight the growing portion of America that's becoming close to uninsurable.
Why it matters: The threat of climate change-related disasters is a large factor driving up consumer costs and putting insurers out of business in parts of California, Florida, Louisiana and elsewhere.
