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Blazers’ Dundon meets with local legislators, business leaders as arena renovation talks ramp up
Trail Blazers owner Tom Dundon met with legislative leaders and key members of Portland’s business community on Monday ahead of the team’s exhibition game against the London Lions.
AI data centers are coming for federal land. They are roiling the Nevada governor's race
Voters across the country are worried about the effects artificial intelligence data centers are having on electricity bills, water and the environment.
The surprising Chicago businesses getting burned by pricey diesel
Chicago's hidden diesel economy is feeling the squeeze as soaring fuel costs eat into profits for tour boat operators, shredding companies and film crews.
USTR Seeks Business Input on the EU Carbon Border Adjustment Mechanism
The USTR is seeking comments from stakeholders on the current and potential effects of the EU’s CBAM on U.S. producers, workers, exports and overall U.S.-EU trade. USTR is specifically requesting information on costs, regulatory burdens, EU market access, competitive effects and the possible impact of proposals to extend CBAM to additional downstream products
UnitedHealth Group tops estimates, hikes profit outlook as insurer manages high medical costs
UnitedHealth Group said it expects 2026 adjusted earnings of at least $20.50 per share, up from a previous outlook of $19.50 to $20.00 per share.
Sanford Health in Bemidji Recognizes Indigenous Peoples Day
https://youtu.be/8efUyxgqZdI Indigenous Peoples Day was celebrated at Sanford Health in Bemidji with a blessing and prayer to start the day, serving a community bison roast and wild rice lunch, and learning about the history of jingle dresses from Vicky Fineday.
Three Things Dodgers Need to Avoid NLCS Disaster Against Brewers
The Los Angeles Dodgers' backs are against the wall against the Milwaukee Brewers in the National League Championship Series and there are necessary adjustments to be made.
October Faculty Council Meeting covers faculty satisfaction, enrollment growth and School of Data and Information Science
The council also heard from Eric Hastie, a teaching associate professor in the Department of Biology, who discussed adjustments made to BIOL 101L: Introductory Biology Laboratory courses intended to accommodate more students.
Bills vs. Rams live updates, inactives, where to watch: DJ Moore inactive as Josh Allen, Matthew Stafford face off in potential Super Bowl LXI preview
DJ Moore Out Against Rams As Buffalo Bills Announce Inactives
Buffalo's top target sidelined by a persistent shoulder injury headlines a depleted roster as the Bills lean on rookie Skyler Bell to fill the void against Los Angeles.
SEC presidents approve uniform NIL, rev-share contract
SEC presidents voted Monday to approve a uniform NIL and revenue-share contract that includes adjustable components, On3’s Pete Nakos reported. The Big Ten is the other power conference to have uniform rev-share contracts. While that vote took place, the presidents also tabled a vote in whether to re-implement its intra-conference transfer policy. On3 previously reported […]
ULM symposium to feature business leaders, student competitions
The University of Louisiana Monroe announced that the College of Business and Social Sciences will host its annual symposium Oct. 12-17.
Social Security chief says program will last another 90 years
The Social Security Administration will release its 2027 cost-of-living adjustment for Social Security beneficiaries on Wednesday
WOWT celebrates Clayton Collier’s national Murrow Award
First Alert 6 is celebrating Sports Director Clayton Collier as he brings home a national Edward R. Murrow Award for a sports feature on an Omaha who has found success as a hitting coach despite being legally blind.
The best moments from Mempho Music Festival's final day
Mempho Music Festival hosted more than 35 acts and DJs over the course of three days at the Memphis Botanic Garden’s Radians Amphitheater.
Alignment Health sues over 2027 star ratings
Alignment Healthcare’s lawsuit, based on previous years, is likely the first of more to come by other insurers that’s star ratings deteriorated.
‘Dancing with the Stars: Live’ 2027 tour making two Upstate NY stops
For the first time, the full "DWTS" troupe is joining the pros on the road, and Madison Square Garden is on the schedule.
Is Alexander Zverev the Most Undeserving World No. 1 Ever?
Alexander Zverev is about to become the No. 1 tennis player in the world, but one slightly inconvenient statistic is attached to that achievement. He has spent most of 2026 losing whenever another Top ten player appears on the other side of the net. Following his Beijing defeat to Novak Djokovic, Zverev is 2-9 against …
3.2K views · 23 reactions | Violent threats have become a new normal...
Violent threats have become a new normal among public officials in the U.S., reshaping private lives, costing millions in security and pushing people out of office. Our reporter Nick Corasaniti...
Rochester City Council responds to business feedback amid construction
Last Monday, the Rochester City Council approved additional funding for its Business Forward program to support businesses impacted by downtown construction. The city also responded to feedback from some businesses which had stated the money would be more beneficial as a cash infusion.
Judge blocks Trump administration from airing taxpayer-funded campaign-style ads
A coalition of nonprofits had sued, calling the ads “propaganda.” The president has said campaign funds would be used to pay for the commercials going forward.
Hubert Hurkacz Has the Weirdest Big Three Resume in Tennis
No one ever talks about Hubert Hurkacz, so let's talk about him because the Pole has just done something rather ridiculous. By beating Novak Djokovic 6-4 6-3 at the Shanghai Masters, Hurkacz became only the fourth player ever to defeat Roger Federer on grass, Rafael Nadal on clay, and Djokovic on hard courts. The other …
AsiaOne
Holly Madison has thrown her support behind the controversial Playmates movie.The 46-year-old beauty — who was the late Hugh Hefner's 'number one girlfriend' when they were together for seven years in the early 2000s — has shared her support for the film and its writer, Lorraine Nicholson, after the Playboy founder's third wife Crystal Harris recently called on Jessica Biel...
Three business leaders share how to leverage well-being data
How can employee well-being data guide leadership decisions and act as an indicator of overall business performance? Three leaders explore the issue.
Over a hundred people gather in College Station to raise awareness about mental health
Today is World Mental Health Day, and people across the globe are hoping to break through the stigma surrounding mental health and show others they are not alone.
Oxford Metrics Forecasts Loss as Entertainment and Research Demand Weakens
Oxford Metrics cuts its 2026 outlook to an adjusted operating loss amid weaker demand, while acquiring Move AI assets and launching a £3 million buyback.
'Other Mommy' tops the box office with $27.5M; 'The Social Reckoning' opens to $5.5M
The Jessica Chastain horror film “Other Mommy” tops the North American box office in its first weekend in theaters.
'Other Mommy' tops the box office with $27.5M; 'The Social Reckoning' opens to $5.5M
The Jessica Chastain horror film “Other Mommy” tops the North American box office in its first weekend in theaters.
Five Takeaways From Oklahoma State's Win Over UCF
Oklahoma State improved to 4-1 with a 42-28 win over UCF, but what stood out? From second-half defensive adjustments and Drew Mestemaker's turnover-free 304-yard performance to improved run defense, reliable special teams and early mistakes, here are five takeaways from the Cowboys' fourth straight
Power & Politics: Suffolk town supervisors push for change in tax cap calculation; Vote 2026 debates; Flock camera fallout
Southold Town Supervisor Al Krupski joins the show.
Power & Politics: Suffolk town supervisors push for change in tax cap calculation; Vote 2026 debates; Flock camera fallout
Southold Town Supervisor Al Krupski joins the show.
A surprisingly simple way to relieve knee arthritis pain without pills or surgery
A surprisingly simple change in how you walk could help relieve knee arthritis pain and even slow joint damage. In a year-long clinical trial, researchers found that adjusting the angle of a person's foot while walking reduced osteoarthritis pain by an amount comparable to medication, without requiring drugs or surgery. Even more promising, MRI scans revealed that participants who adopted the personalized walking technique experienced slower deterioration in a marker of knee cartilage health.
DJ Moore officially questionable for Week 5
Bills WR DJ Moore questionable after a limited practice on Saturday
Spence makes Inter debut: how the former Tottenham defender fared
Djed Spence finally made his Inter debut in Saturday’s 3-0 win over Parma, and showed a few glimpses of what he can offer.The former Tottenham defender came on in the 73rd minute with the result lon...
Officials: SBA disaster loans approved for businesses affected by Walhalla fire
On Sept. 17, businesses on the block along Highway 28 between Catherine and Tugaloo streets were devastated by an early morning fire.
iPhone 18 Pro vs iPhone 17: a choice between value and cutting-edge cameras
The Pro is better, yes — but is it right for you?
Novi Pet Expo brings animals, adoptions, entertainment to Vibe Credit Union Showplace
The Novi Pet Expo is running alongside the Novi Home Show at the Vibe Credit Union Showplace through Sunday.
What Shapes Independent Political Identity?
The increase of independent political identities has significant implications for the basic functioning of American democracy.
Why France’s Center Does Not Hold
The belief that the country is on a downward slope fuels the appeal of radicalism.
Netflix star and musician boyfriend abruptly split after four years of dating
A Hollywood power couple has called it quits
Does written language speed up or slow down cultural change?
The written word has been revolutionary in preserving ideas from the past, and transmitting new ones in the present. But does it favor tradition or change?
DJ Moore remains sidelined
Buffalo Bills WR DJ Moore unable to practice with shoulder injury
Seahawks Injury Issues: Coach Earns Credit For Finding Answers
With key starters sidelined, first-time coordinator Brian Fleury earns praise for stabilizing Seattle’s offense through creative adjustments and steady leadership amidst a wave of early-season roster volatility.
Missouri business Precison Mazes outlines this year's memorable creations (LISTEN)
Precision Mazes has wrapped up another incredible season, turning agriculture’s fields into works of art that you can literally get lost in. Cameron Conner talks with owner Rob Stouffer about this year’s favorites and what is in store for 2027. Share this:
Spence in contention for Inter debut against Parma: ‘He’s available’
England international Djed Spence is finally in contention to make his Inter debut this coming weekend after being declared fit and available by head coach Cristian Chivu: ‘We’re pleased that he��...
As Heat adjustment process continues for Giannis, the preseason results have been encouraging
The preseason results have been encouraging, but Giannis Antetokounmpo says he’s still finding his footing with the Heat.
Mike McDaniel is Coaching For His Job in Los Angeles
Mike McDaniel is already facing questions about his job security after the Chargers' disastrous 0-4 start. With Justin Herbert and the offense struggling, McDaniel needs to make adjustments quickly or risk losing his job.
The midterms stakes are high for these 2028 presidential prospects
The shadow primary for the 2028 presidential contest is quietly playing out as most of the political world is focused on next month's midterms.
The midterms stakes are high for these 2028 presidential prospects
The shadow primary for the 2028 presidential contest is quietly playing out as most of the political world is focused on next month's midterms.
The midterms stakes are high for these 2028 presidential prospects
The shadow primary for the 2028 presidential contest is quietly playing out as most of the political world is focused on next month's midterms.
Regulatory change opens door to one-stop mental and physical healthcare in NJ
NJ has awarded two contracts to nonprofits to make it easier for low-income patients to access mental and physical healthcare in one place.
South Korean 'robot dog' became first to run a marathon on a single battery charge
A quadruped robot scampered more than 26.2 miles of uneven, hilly terrain alongside human runners without needing to be recharged.
Santa Barbara Neighborhood Clinics Hosts 1st Annual Health & Wellness Fair Featuring DJ Darla, Aztec Dancers, and Hourly Games
Santa Barbara Neighborhood Clinics (SBNC) is proud to present its 1st Annual Health & Wellness Fair: "Building Healthier Families,
Hands-on — Xbox's brand new PC app offers BIG performance improvements
VIDEO: Today, I got a sneak peek at an early version of the Xbox PC app rebuilt experience, and for some it might look quite familiar.
Every ‘Twilight’ movie, ranked from worst to best
The air’s turning colder, which means it’s officially Twilight season. EW sat down and ranked all 5 installments in Bella and Edward’s love story — but which movie came out on top?
Portland weighs tax hike on big businesses
A proposed tax overhaul could benefit 18,000 small businesses while raising taxes on 410.
HHS launches 4 new vaccine injury research, reporting initiatives
The U.S. | The U.S. Department of Health and Human Services (HHS) on Thursday announced a series of actions aimed at strengthening the federal government's response to vaccine-related health concerns.
KMOX Business Expert: Adjustable rate mortgages may only give home buyers short-term relief
| 104.1 FM KMOX
“Unfinished business” for Max Verstappen – Has Red Bull finally fixed its Singapore weakness?
Verstappen acknowledges that Red Bull is better in low-speed corners in this F1 season, although questions remain over its handling of bumps and kerbs. Isack Hadjar, however, sees no reason why Red Bull should not be competitive under the floodlights
Knowing your family health history matters more than you may think
Your family health history can help doctors spot medical risks early and shape a more personalized path for your care.
Knowing your family health history matters more than you may think
Your family health history can help doctors spot medical risks early and shape a more personalized path for your care.
Knowing your family health history matters more than you may think
Your family health history can help doctors spot medical risks early and shape a more personalized path for your care.
Knowing your family health history matters more than you may think
Your family health history can help doctors spot medical risks early and shape a more personalized path for your care.
West Baton Rouge Parish Health Clinic hosts free health screening fair
West Baton Rouge Parish Health Clinic hosts free health screening fair
How the Polls Could Be Wrong Again
Democrats appear headed toward a big victory. But a small polling error could mean a dramatically different outcome.
Obama endorses Troy Jackson in Maine Senate race
The former president told voters he is “proud to be on board” the Democrats’ campaign to oust Republican Sen. Susan Collins.
Russia's public health watchdog denies a second infection in suspected pneumonic plague case
Russia’s public health watchdog has denied that a lab worker who died in Siberia had spread infection to another person as global concerns swirled about suspected pneumonic plague.
Russia's public health watchdog denies a second infection in suspected pneumonic plague case
Russia’s public health watchdog has denied that a lab worker who died in Siberia had spread infection to another person as global concerns swirled about suspected pneumonic plague.
State AG sees rural care in action at Sanford Bemidji
Attorney General Keith Ellison toured Sanford Health in Bemidji to learn about efforts to expand healthcare access across northern Minnesota.
Push aims to keep North Dakota businesses local through employee ownership
In the state, there are 64 employee-owned businesses representing about 30,000 employee owners.
Rising Stars: How VML Health’s Molly Kanofsky turns ‘an idea on a page’ into real-world impact
Molly Kanofsky had it all planned out. | VML Health's Molly Kanofsky ended up in the pharma marketing world after an unexpected career detour, where she's now able to merge her passion for healthcare with her creative side.
Health Alert – U.S. Embassy Moscow, Russia (October 6, 2026)
Health Alert – U.S. Embassy Moscow, Russia (October 5, 2026) Location: Irkutsk, Russia Event: The U.S. Embassy is aware of press reports from the Irkutsk region of suspected pneumonic plague resulting in the death of an individual and of associated quarantine measures in, and closures of, hospitals in Irkutsk. We continue to track the situation closely. The U.S. government has limited ability to help U.S. citizens in Russia, especially outside of Moscow. U.S. government personnel may face additional restrictions for personal and official travel to specific regions due to health and security concerns. The State Department’s Level 4 Travel Advisory (Do Not Travel) for Russia remains in place and states U.S. citizens currently in Russia should depart immediately. U.S. citizens planning travel to Russia are again strongly advised not to travel to Russia due to risk of wrongful detention and security concerns. Actions to Take: S. citizens in the area should follow the guidance of local health authorities, avoid affected facilities, and seek medical care promptly if they develop fever or respiratory symptoms. Visit the CDC Page on Plague for additional information about the disease. Visit the CDC Travelers’ Health Page for Russia for country-specific health updates. Monitor your health for 14 days following travel if you traveled to an area experiencing the outbreak. Review the S. Embassy country page for general health information. Refer to the Embassy’s list of medical providers. Check with your travel insurance provider about medical evacuation options should you fall ill while overseas. Have a plan to depart in an emergency that does not depend on U.S. government help. Monitor local media for updates. Be prepared to adjust your plans. Enroll in the Smart Traveler Enrollment Program(STEP) to receive health and security updates. Assistance: U.S. Embassy Moscow, Russia +7 495 728-5577 MoscowACS@state.gov U.S. Embassy Moscow web page State Department – Consular Affairs (+001) 888-407-4747 or (+001) 202-501-4444 Russia Country Information Follow us on Facebook and Twitter State Department – Consular Affairs 1-888-407-4747 or 1-202-501-4444
Why are some skeptical about Mamdani’s plan to fight antisemitism?
The plan largely omits mentions of Israel and Palestine
Music-themed District Sound Lounge is coming to Wyandotte
The new bar is connected to live music venue District 142 and will have a full bar, food, acoustic performers and vinyl DJs.
Novak Djokovic: Former world No 1 wins China Open title without facing a match point in semi-final and final
Novak Djokovic earns his seventh career title in Beijing after Alex De Minaur is forced to retire injured; you can watch the WTA/ATP China Open and ATP 1000 Shanghai Masters live on Sky Sports
Lucy Smith: “The boundaries of the entertainment business are changing”
The Director of Mipcom Cannes and MIPJunior describes the highlights of next week’s market, which will explore the global transformation of the media business.
New York Giants rework Chauncey Golston's contract
The New York Giants have adjusted DL Chauncey Golston's contract to create additional salary cap space in Week 5.
Sources: Rangers can seal 'easy' Oskar Fallenius deal
Football Insider exclusive as Djurgarden winger Oskar Fallenius is in action, while Rangers manager Derek McInnes watches from a circular inset.
Critical Atlassian Flaw Lets Unauthenticated Attackers Read Known Files Across 8 Products
Atlassian fixes a critical path traversal in 8 Data Center products that lets unauthenticated attackers read files if exact paths are known.
Eagles flying to London for game vs. Jaguars on Friday, leaving little time to adjust after Rams' issues in Australia
In Business: Bemidji Woolen Mills Keeping Local Production Alive
https://youtu.be/dwmn4Xteru4 As more clothing production moves overseas, one Bemidji manufacturer is still keeping much of its work local. Behind the racks and finished products at the Bemidji Woolen Mills, much of the work here still comes down to people cutting, stitching, and sewing. In an industry where production has often…
Brian Greene stops teaching Frontiers of Science after more than a decade
Brian Greene, a prominent theoretical physicist and popular science commentator, has stopped teaching Frontiers of Science, according to the course’s fall 2026 syllabus reviewed by Spectator.
How AI is adding to health care affordability concerns
AI was touted as a way to improve efficiency in health care. But in the short run, it's adding to cost pressures.
Mass. business confidence rises in September but remains pessimistic
Massachusetts business confidence rose modestly in September after a sharp decline in August.
Apple Releases MagSafe 3 Charging Cable Firmware Update
For the first time since February 2023, Apple has released a firmware update for the MagSafe 3 charging cable for the MacBook Pro and MacBook Air. Specifically, Apple last week released firmware version 3.2.0 for the USB-C to MagSafe 3 Cable. The previous firmware version for the cable was 3.1.12. It is unclear what is included in the latest firmware, as Apple does not publish release notes for this.
Business Ingenuity Gives Birth to Edgy, an AI Agent Educated in the Theory Behind Natural Synergy™ to Show Leaders Where Their Organizations Are Headed
SAN FRANCISCO, October 05, 2026--Business Ingenuity, Inc. today announced the availability of Edgy, an AI agent educated using Natural Synergy: From Natural Mystery to Mastery, co-authored by co-founder Charles Follett and Ray Scott and available on Amazon. Edgy analyzes an organization through its public footprint and its own people, then tells executives which Operating State the organization occupies, which direction it is being driven, and what adjustments would improve its performance.
Meet the Houston university professor who's also a club DJ
Alex La Rotta teaches history at the University of Houston and Houston City College while also spinning at area events and flying the flag for Latino and Chicano popular music.
Sisters in Birth launches vocational school to improve Mississippi’s maternal health numbers
As Mississippi ranks last in the nation for infant and maternal health, a nonprofit is launching a vocational school to train the birth workers it says can help change that.
Ageless Novak Djokovic Stays Perfect in Beijing
Age is supposed to slow a tennis player down. Nobody has told Novak Djokovic. At 39, the Serb eliminated world No. 2 Alexander Zverev in the China Open quarterfinals and extended a streak in Beijing with no Open Era precedent. Djokovic is now 32-0 at the tournament. No player in the Open Era has won …
A roadmap for the next UN Secretary-General
The next UN Secretary-General will take over the most prominent position in multilateral governance at a time when multilateralism is arguably at its nadir. Adapting to today’s multipolar reality will require instilling a renewed sense of purpose and dema
DJ Moore leaves Week 4 with another shoulder injury
DJ Moore unable to make it through the first half for the second time in three games in Week 4.
MIPCOM 2026: 3Boxmedia unveils new documentary slate featuring science, nature, and current affairs
The Spanish-German distributor is launching a diverse lineup of factual content spanning travel, climate investigation, science, and 4K wildlife productions for the market in Cannes.
Boston 25 News
A local college student’s auto detailing business has grown from helping family and neighbors to servicing the vehicles of professional athletes across New England.
Tencent Music Entertainment Group (TME) Stock Sees Modest Fair Value Cut After Analyst Caution
Tencent Music Entertainment Group has seen its fair value estimate move from US$13.17 to US$12.58, signalling a modest trim to the price target in the latest update. This shift lines up with recent analyst commentary that points to more cautious assumptions on growth and execution, including a move by one firm to a Hold rating even as others still see upside potential. As you read on, you will see how these price target adjustments fit into the broader, evolving narrative around Tencent Music...
Trump launches ‘Super Intelligence Force’ after calls for AI slowdown
Leaders from the intelligence community, the Pentagon, the Federal Trade Commission and the Office of Personnel Management will serve on the task force.
Novak Djokovic Stuns Alexander Zverev to Reach Beijing Open Semifinals
In one of his best performances this year, Novak Djokovic is once again in the semifinals at the Beijing Open after overcoming World No. 2 Alexander Zverev in a tight three-set match 4-6 6-4 6-4. The Serbian, now 32-0 at the tournament, came from a set down to secure his joint-best win of the season …
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Blue Origin unveils huge 'Power Tower' to boost solar electricity on the moon (video)
"Our Power Tower is a 20-meter-tall, vertically deployed solar array system designed to provide more than 10 kilowatts of power for Moon Base operations at the lunar south pole."
Saturday Scoreboard
SIOUX FALLS, S.D. (KELO) – Here’s a look at scores from around the area: College Football:Northern St. 16 Bemidji St. 9 FSDSU 31 Illinois St. 14 FUSD 44 Indiana St. 14 FAugustana 37 USF 20 F Boys Soccer:Hot Springs 4 Douglas-New Underwood 0 FSt. Thomas More-Rapid City Christian 3 Belle Fourche 0 Girls Soccer:St. Thomas […]