Business
ToplineA weeklong selloff for bitcoin extended on Friday as the cryptocurrency fell below the $60,000 threshold for the first time since late 2024, after billionaire Michael Saylor sparked a broader decline for the crypto market.Key FactsThe price of bitcoin fell to a low of $59,840 just after noon on Friday,…
ToplineA Justice Department attorney argued to a federal appeals court Friday that the Trump administration could hypothetically bulldoze the Statue of Liberty and Americans with cultural ties to the landmark couldn’t sue them for it, as the Trump administration fights to defend the construction of President Donald Trump’s planned White…
President Donald Trump has said that if post-ceasefire Iranian attacks in the Middle East kill any U.S. troops, that would cross a red line and possibly reignite the war against Tehran. His statement is the latest reminder that, for at least six years now, the U.S. has often avoided escalatory…
On sale this week: Treasury Inflation-Protected Securities.It wasn’t so long ago that the real rate on these bonds was negative. People lent money to the federal government and were assured of getting back, with interest included, less than they started with.Now the yield on the TIPS due in 2056 is…
Lauded performer Lauryn Hill will receive the Living Legend Icon Award at this year’s BET Awards, happening on June 29th. According to a press release distributed on June 4th, Hill will be the first person to receive the Sprite-sponsored inaugural award at the upcoming awards. The award “honors the pioneers…
If you are considering becoming a fractional leader, or already operate across several organizations, you will likely face one quiet misunderstanding before the work even begins: because your commitment is partial, you need to convince others that your value is more than being partial.The logic is familiar. If someone works…
ToplineThe northern lights are forecast to possibly make their third appearance in the northern U.S. this week, according to the National Oceanic and Atmospheric Administration, which is predicting mild auroral activity for Friday night.Key FactsNOAA issued a Kp index of five for Friday night, which suggests “more auroral activity (motion…
Oil prices were in retreat on Friday after having risen for three straight sessions earlier in the week, as diplomatic overtures to bridge differences between the U.S. and Iran continue. The global proxy oil futures benchmark Brent was trading at $92.94 per barrel at 10:31am EDT on Friday, down 2.16%…
It’s graduation day. Folding chairs cover the football field as faces turn toward the podium to hear all about possibilities and responsibilities. It’s May, the month when proud families imagine bright futures unfolding the way the speakers say they should.Finally, the tassels turn, and mortarboards launch skyward as the grads…
ToplineThe northern lights are forecast to possibly make their third appearance in the northern U.S. this week, according to the National Oceanic and Atmospheric Administration, which is predicting mild auroral activity for Friday night.Key FactsNOAA issued a Kp index of five for Friday night, which suggests “more auroral activity (motion…
The U.S. military has expanded the capabilities of attack helicopters by using drones to launch precision-guided rockets and accompany helicopters as loitering munitions. The close integration now occurring between drones and attack helicopters has opened a new chapter in warfare and marks a milestone in the widening the range of…
There’s a version of Game 1’s box score that makes Josh Hart look like an offensive liability. Three points on five shots in 27 minutes. In the words of any basketball fan, all Hart did was work on his cardio: running up and down the court without actually doing anything.But…
Earlier this week, right as Russia’s economic forum was set to kick off, Ukraine launched a large-scale drone attack on St. Petersburg. The following day, Ukrainian President Volodymyr Zelensky published an open letter to Russian President Vladimir Putin. In it, he called for a face-to-face meeting to end the war.…
ToplineThe northern lights are forecast to possibly make their third appearance in the northern U.S. this week, according to the National Oceanic and Atmospheric Administration, which is predicting mild auroral activity for Friday night.Key FactsNOAA issued a Kp index of five for Friday night, which suggests “more auroral activity (motion…
If you’re just starting as an investor, the number of stocks available can feel overwhelming. Growth stocks — shares in companies expected to increase their earnings significantly faster than the market average — offer an appealing starting point. They combine the potential for meaningful capital appreciation with the simplicity of…
ToplineMajor indexes in the U.S. all fell at least 1.3% on Friday, tumbling as tech stocks took a dive that contributed to a poor day for the Nasdaq, which dropped over 4% amid the selloff.Key Factssotck The Nasdaq took the hardest hit of any index Friday, tanking 4.1% and erasing…
You’re sold on the idea of adding cost-of-living protection to some or all of your bond portfolio. You’re going to invest in Treasury Inflation-Protected Securities. You know that now is a particularly good time to buy, since the yield on TIPS due in 2056 is 2.7%, close to as high…
ToplineThe northern lights are forecast to possibly make their third appearance in the northern U.S. this week, according to the National Oceanic and Atmospheric Administration, which is predicting mild auroral activity for Friday night.Key FactsNOAA issued a Kp index of five for Friday night, which suggests “more auroral activity (motion…
The Small Business Administration has finally made official its crackdown on small business investors, and it’s not as sweeping as some involved with SBA-guaranteed loans had feared.Forbes reported in March that the SBA had quietly begun rejecting loan guarantees for businesses if any of their owners or investors–even a passive…
Having covered ballpark, stadium and arena construction in the U.S. since the 1990s, I can’t argue with the economists. From a pragmatic viewpoint, there’s little doubt these structures aren’t worth the investment of public dollars.It’s much more psychological than that. Each community has to decide whether hosting professional sports is…
Dr. Rosemary Kelanic, the director of the Middle East Program at Defense Priorities, joins “Forbes Newsroom” to discuss President Trump’s remarks on the state of negotiations with Iran and what we know about what would be included in a peace deal. Watch the full interview above. Read the full article…
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