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Japan upgrades Q2 GDP on slight capex improvement
By Satoshi Sugiyama TOKYO, Sept 8 (Reuters) - Japan's economy grew faster than initially estimated in the April-June quarter from the previous three months, supported by business spending that was
Jesse Minter makes surprising decision on Ravens’ starting center
Opportunity has arrived for Jovaughn Gwyn. After spending most of his NFL career waiting for an expanded role, the Baltimore Ravens offensive lineman will be thrown into the spotlight when the team opens the 2026 season against the Indianapolis Colts. Head coach Jesse Minter confirmed Monday that Gwyn will get the start at center, giving the former seventh-round draft pick his first NFL start.
Wisconsin gas prices remain below national average for Labor Day
Direct tourism spending hit $80 million in Shawano County last year, up from 2024.
Calmatters: Californias Healthcare Affordability Office Claims Power To Punish Overspending Hospitals
CalMatters
Midterm elections head into the home stretch as candidates hit Labor Day events
Candidates in key November races are spending Labor Day weekend stumping at festivals, union halls and parades
Midterm elections head into the home stretch as candidates hit Labor Day events
Candidates in key November races are spending Labor Day weekend stumping at festivals, union halls and parades
Midterm elections head into the home stretch as candidates hit Labor Day events
Candidates in key November races are spending Labor Day weekend stumping at festivals, union halls and parades
The State of Politics: Next Attorney General Will Control $219 Million Legal Settlement
Could spending of settlement cash from Meta and Facebook become issue in fall election?
Spending a weekend on the sidelines with my dad, the man who taught me how to love sports
Montgomery Advertiser sports reporter Jaeden Day reflects on a special weekend when his dad, DeWayne Day, saw the career he helped inspire.
Commission to present long-awaited Innovation Act proposal
The European Commission will present its proposal for an EU Innovation Act on September 9, with a focus on strengthening public procurement as a driver of innovation and facilitating the use of intellectual property (IP) to secure financing.The proposal was initially meant to be published in March. No explanation has been given for the delay, but it may be linked to issues with the associated impact assessment.The Commission’s Regulatory Scrutiny Board issued a negative opinion on the draft impact assessment following its meeting on January 28, and again on February 27, according to a draft of the Innovation Act published by Agence Europe.In it, the Commission lays out the steps it has taken to address the board’s concerns, including avoiding overlap with the upcoming revision of the EU Public Procurement Directives and removing a mandatory target for EU member states to increase overall innovation procurement spending.The Innovation Act, which was included in last year’s start-up and scale-up strategy, is meant to reduce barriers to bringing innovative solutions to the market and speed up the path from research to commercialisation.Central to the initiative, according to the draft proposal, is the introduction of a harmonised EU framework for the procurement of R&D services by public buyers, including pre-commercial procurement. The plans would also introduce an EU preference in public R&D procurement.“Other leading economies in the world are investing five to eight times more in public procurement of R&D than the EU,” it notes. In Europe, the lack of harmonised rules has led to divergent practices across the bloc, legal uncertainty and limited use of joint, cross-border R&D procurement, it says.Related articlesCommission postpones European Innovation ActParliament draft report adds EU Inc safeguards to prevent fraud and regime shoppingThe text highlights a lack of clarity around the valuation and monetisation of IP as another barrier to the commercialisation of research results. Currently in the EU, IP is rarely used as collateral in financing, which restricts the growth potential of innovative firms. A key reason for this, according to the Commission, is the absence of a harmonised methodology for valuing IP.To address this issue, it plans to introduce an EU-wide IP valuation framework, a digital marketplace for commercialising IP, and a competence centre to help innovators access IP-backed finance.The issue was highlighted by a recent report by the European Union Intellectual Property Office, which referred to developing a “functional market for IP-backed finance” as a “core competitiveness imperative for the next decade,” and key to ensuring capital unlocked by other EU initiatives reaches innovative firms.The Innovation Act is one of several ways the Commission hopes to reduce fragmentation in the single market and help innovative companies to scale in Europe, complementing other initiatives such as the EU-wide corporate regime, dubbed EU Inc.The leaked draft is not the final version that will be published on September 9, according to a Commission official.
Elon Musk begins to spend money ahead of competitive midterm election
A look at spending for the midterm elections in November.
Lone Star Politics: Sept. 6, 2026
Lone Star Politics gives an in-depth look at the first midterm GOP convention in Dallas. Plus, a closer look at the race for Texas Agriculture Commissioner. And a look at spending for the midterm elections.
OpenAI reveals how much its researchers are spending on AI coding
OpenAI researchers spend heavily on AI coding agents, with top users burning through $7,000 daily in tokens.
🚨 Vardy’s last dance: at 39, he signs for Burnley
Burnley have officially announced the signing of striker Jamie Vardy until the end of the current season.The 39-year-old arrives as a free agent after spending last season at Cremonese in Italy’s Se...
This Campaign Finance Whiz Helps Hawaiʻi Politicians Keep Their Books In Order
After 33 years with the state Campaign Spending Commission, Tony Baldomero is now working for candidates so they file “true and accurate” expense reports.
As Midterms Approach, Republicans Find There Is No Escape From Trump
The president’s strategy, message and spending have left the G.O.P. in a difficult spot as lawmakers try to outrun his sagging approval ratings.
Falklands row shows urgent need to commit to 3% target, says Labour defence committee chair
Exclusive: Tan Dhesi says Argentinian threats make it more crucial than ever that PM increase defence spending
Liverpool spent £670m under Richard Hughes and only got worse
IN FOCUS: Liverpool’s departing sporting director won the Premier League with Arne Slot but his task of rebuilding Jurgen Klopp’s old team remains unfinished despite spending two-thirds of a billion. By Richard Jolly
California’s healthcare affordability office claims power to punish overspending hospitals
Year after year Californians watch their health bills increase faster than their wages — for some, to the point where care becomes unaffordable. Four years ago, the state created an
California’s healthcare affordability office claims power to punish overspending hospitals
Year after year Californians watch their health bills increase faster than their wages — for some, to the point where care becomes unaffordable. Four years ago, the state created an
Trump’s first major midterm money move: A $10 million Texas Senate ad blitz
This is the first significant spending in a premier general election contest by MAGA, Inc., and reflects how a once-safe Republican seat in Texas may be viable for Democrats with the candidacy of James Talarico.
Trump’s first major midterm money move: A $10M Texas Senate ad blitz
BRIDGEWATER, New Jersey — The political group associated with President Donald Trump is spending $10 million on television and digital advertisements...
Trump’s Super PAC Will Spend $10 Million on Texas Senate Race
A financial filing announcing the TV and digital ad buy is the first general election spending by MAGA Inc. The group intends to boost the Republican nominee, Ken Paxton.
California’s Healthcare Affordability Office Claims Power to Punish Overspending Hospitals
Noozhawk republishes news articles from CalMatters on state and local policy issues that affect Santa Barbara County readers. Year after
Trump’s first major midterm money move: A $10M Texas Senate ad blitz
President Donald Trump's political group is spending $10 million on ads in the Texas Senate race.
Trump’s first major midterm money move: A $10M Texas Senate ad blitz
President Donald Trump's political group is spending $10 million on ads in the Texas Senate race.
Trump’s First Major Midterm Money Move: A $10M Texas Senate Ad Blitz
BRIDGEWATER, New Jersey (AP) — The political group associated with President Donald Trump is spending $10 million on television and digital advertisements in the Texas Senate race, according to a Saturday filing with the Federal Election Commission. This is the first significant spending in a ...
Outside money fuels bitter attacks in NH’s CD1 Democratic race
As NH's 1st District Democratic primary nears, candidates use "red boxes" to guide outside PACs as spending tops a record $12 million.
Outside money fuels bitter attacks in NH’s CD1 Democratic race
As NH's 1st District Democratic primary nears, candidates use "red boxes" to guide outside PACs as spending tops a record $12 million.
Musk has started spending money to help Ken Paxton. Will it help change the course of the Texas Senate race?
For months, Texas Republicans have anxiously awaited the arrival of national resources to help boost Ken Paxton, one of the GOP’s most vulnerable Senate candidates.
Marathoners are making big sacrifices to chase medals around the world
Marathon runners are spending and sacrificing big for 'runcations' as they chase international medals like those from the World Marathon Majors.
Luciano Spalletti reveals his first thoughts about Juventus’ new signing
Luciano Spalletti has discussed what he expects from Nick Woltemade, including the areas where the German attacker needs to improve after spending time with him on the training pitch.Woltemade made a ...
Reform promises to increase tax-free personal allowance to £15,000
The party says the tax cut will be paid for by reducing public spending by £80bn.
In boost to GOP, Supreme Court says parties should get lower TV ad rates
The Supreme Court ruled Friday that political parties should get discounted TV ad rates when they coordinate spending with candidates.
Elon Musk makes his first spending push in key midterm races
The super PAC of Musk, the world’s richest person, began in September 2026 to unleash what is expected to be a $100 million-plus war chest to help the Republican Party in the midterms.
Fact check: Would 'money out of politics' proposal live up to its name?
Opponents contend Michigan ballot Proposal 2 to get ‘money out of politics’ would do little to curb spending by out-of-state and dark money groups. Here are the facts.
Don’t blame free markets for populist failures
American economic struggles are driven by government spending and intervention.
CT to spend $10 million to continue health care subsidies for paraeducators
Connecticut is spending $10 million this academic year to continue a health care subsidy program for public school paraeducators.
California's healthcare affordability office claims power to punish overspending hospitals
The state's new penalty framework could fine hospitals and insurers up to 125% of overspending, with enforcement starting as early as 2028.
The big business of personal protection: How private security became a $50 billion industry
Private security spending and guard employment have climbed as companies and communities respond to high-profile attacks, even as violent crime falls.
‘All hell has broken loose’: College football world reacts to LSU ruling
The college football madness continued Thursday night, as a Louisiana judge ruled LSU transfers Dae’Quan Wright and Zxavian Harris are eligible to play after spending the summer in NFL training camps. Wright and Harris are among the 42 athletes currently suing the NCAA for a fifth year of eligibility. Judge William Jorden’s preliminary injunction prevents…
Elon Musk’s super PAC starts spending to help GOP in midterms, including Texas’ Ken Paxton
Elon Musk's America PAC has disclosed its first spending on Republican candidates — roughly $800,000 across Senate and House races in multiple states. Who do you think this spending will impact most?
Premier League transfer windfall a lifeline for ailing French clubs
Record spending by English Premier League clubs in the summer transfer window has served as a lifeline across the Channel in France, where cash-strapped teams are more reliant on selling their best players for big money than ever before.English clubs signed Ligue 1 players for a reported total of 800 million euros in the summer window -- meaning that of an overall Premier League spend of 4.1 billion euros, about one fifth went to France.
Former Syracuse Basketball Player Picks New School For Year Five
JJ Starling will finish his college career at a new school after spending the last three with the Orange, as long as the courts continue to rule in his favor.
Elon Musk’s political machine begins spending to help Susan Collins
The spending, disclosed in a federal filing this week, marks the first concrete sign of money flowing into Maine from the world’s richest man.
Republicans ask the Supreme Court to give them a huge discount on ad spending
You are probably about to see a lot more Republican ads.
Student explores link between social media use and mental health in youth
The American Psychological Association estimates that teens are spending an average of five hours a day on social media. At Kennesaw State University, one student is examining whether this prolonged use can also impact their mental health. Through KSU’s First-Year Scholars Program, Chance Lundy, a Keeping Sights Upward Journey Honors College student, studied the relationship between frequent social media use and suicidal ideation among adolescents.
Republicans fear Trump will keep super PAC money and not spend on the midterms
President Donald Trump has kept most of his super PAC money on the sidelines and been reticent on his spending plans, worrying Republicans ahead of this fall’s elections.
Barcelona’s financial fair play situation explained after huge summer spending
Barcelona have emerged from one of their busiest transfer windows with almost the same Financial Fair Play margin they had when the summer began.According to SPORT, despite spending €182.5 million o...
Harris County spends $1.2M daily on free employee healthcare
As Harris County property owners face the possibility of another tax hit, 13 Investigates is digging into how the county is spending your money.
Premier League Clubs Spend Record $4.7B on Player Transfers
The Premier League’s transfer spending dwarfed the rest of Europe’s Big Five.
Nurses demand immediate reinstatement of colleagues unlawfully suspended by Prime Healthcare for speaking up for patients at two of its Chicago hospitals
In gross violation of national labor laws, Prime Healthcare over the past week has retaliated against registered nurses for speaking up and fighting for their patients at two of its Chicago-area hospitals, suspending six nurses at Olympia Fields Hospital in Olympia Fields, Ill. and one nurse at Saint Francis Hospital in Chicago, Ill.
Christopher Borick blends public opinion with politics at Lehigh Opinion Observatory
For Dr. Christopher Borick, relocating to Lehigh is more than a change in workplace. It’s an opportunity to bring together decades of teaching, political research and public opinion analysis to a university that has long been part of his professional and personal life. Borick joined Lehigh full-time in July after spending much of his career
Jack Daniel's maker Brown-Forman misses sales estimates on weak consumer spending
Jack Daniel's Brown-Forman missed first-quarter sales estimates and stuck to its annual targets, joining other spirits makers in warning of a weak consumer environment in the United States and Europe.
We've spent billions searching for dark matter and still haven't found it. Why are scientists obsessed with finding something they can't see? | BBC Sky at Night Magazine
If dark matter is invisible and can't be detected, why are scientists spending so much time and money searching for it?
More than half of Premier League clubs break transfer records
More than half of the Premier League's clubs have broken their transfer records in a summer window featuring four of the top flight's five most expensive ever deals. After England internationals Elliot Anderson and Morgan Rogers joined Manchester City for £116 million ($157 million) and Chelsea for £117 million respectively, the final two days of the window brought an even bigger pair of deals as summer spending pushed beyond last season's record of £3 billion, with the final figure yet to be co
House passes funding bill to avoid shutdown before midterms
Continuing resolution to approve government spending until 11 December passes 370-48 and will now go to Trump
WATCH LIVE: House passes short-term spending bill, staving off another fund fight during midterms
House Votes to Avert Government Shutdown Before Midterm Elections
Lawmakers sent the legislation to President Trump in an overwhelming vote, reflecting bipartisan enthusiasm around punting a messy spending fight until after the midterms.
Johnson quells House GOP rebellion to advance anti-socialism resolution
A group of House Republicans threatened to upend Speaker Mike Johnson's plans this week in protest of his handling of federal spending.
A Grip on Sports: Saying goodbye is never easy. Saying goodbye to a guy like Joe Palmquist is even tougher. Saying 'thanks' isn't. Nor should it ever be.
A GRIP ON SPORTS • I know. I should be spending the next 1,000 words or so railing about the Seattle Mariners. Or raving about the Seahawks. Anticipating the Apple Cup. Or wondering what happened to Eastern last weekend. But I’m not. All that will still be here tomorrow. Joe Palmquist won’t. And that makes me want to cry. Again.
Republicans are spending big attacking Democrats on data centers. So why is Trump saying ‘let data reign’?
Making the case for business pressure on N.C. public school spending
With another school year starting up, Tom Oxholm held a webinar last week seeking to rally business community support for North Carolina’s K-12 system.
US Consumers are Spending on Youth Team Sports Equipment Amid Rising Costs, According to Circana
Top growing categories include baseball and softball, lacrosse, and football
Is Six Flags Entertainment (FUN) Undervalued Following Its 2027 Ride And Halloween Plans?
Six Flags Entertainment (FUN) has put fresh attention on its stock after outlining a packed slate of 2027 capital projects and Halloween events, along with continued spending at parks like Carowinds and Carolina Harbor. Against this backdrop of new rides and expanded Halloween events, Six Flags Entertainment’s share price has been weak in recent months. The 30 day share price return is down 6.41% and the 90 day share price return is down 21.64%. This has contributed to a 1 year total...
The U.S. Supreme Court removed limits on political parties coordinating with candidates. What does that mean for Philly’s elections?
Local elections lawyers said the Supreme Court's decision could potentially boost the spending power of Philly's political parties.
Was CB Jabbar Muhammad the Jaguars Most Surprising Cut?
After spending his entire rookie season on the practice squad, the talented CB showed significant improvement this offseason and looked like a roster lock. Surprisingly, the Jaguars decided to subject Muhammad to waivers.
Four popular supplements that science says don't deliver
Walk into the supplement aisle and you’ll find plenty of products promising better health. But sometimes, basic chemistry and biology tell us those claims simply don’t add up. Before spending money on the next supplement promising better memory, faster recovery, or improved health, look beyond the label and examine the evidence.
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. 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. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
Arms and the £5m man: Farage megadonor Christopher Harborne’s military empire
Reform UK denies donor and crypto-billionaire’s global interests in arms and military could present a conflict of interest over its defence spending policy
A photographer spent $20K on drives, then used AI to save thousands
After spending $20,000 on drives in 2025, photographer Allen Cooley used Claude to organize old storage and avoid buying more.
Beshear, Barr feud over impact of 'Big, Beautiful Bill'
A letter from Barr this week demands answers about the governor’s prior statements on the president’s signature tax and spending law
In Trump’s Washington, Ballooning National Debt Stirs Little Action
The relative indifference to the news that the U.S. government now owes $40 trillion demonstrates how drastically the politics of deficit spending has changed.
“High-Deductible Health Plans Are Not the Answer”
In a new study, LDI Fellows found that high-deductible plans reduce health care spending at first, but may not slow spending growth over time.
Michigan voters to weigh utility political spending
The November proposal would limit contributions and require more ad disclosure.
There are a record 3,795 billionaires in the world right now—and just like Jeff Bezos, their favorite investments are sports and philanthropy
Billionaires from Microsoft CEO Steve Ballmer to businessman Robert Kraft are spending their fortunes buying sports teams and funding charitable causes.
The Economic Impact of Health Disparities: Why It Matters for Hospitals and Health Systems
Disparities in health outcomes are associated with approximately $320 billion in annual healthcare spending, a figure projected to reach $1 trillion annually by 2040 if current trends continue.
Politics Report: Padres do some polling
The Padres are a major institution and have been for decades but their under-the-radar politics could now be something we see overtly in more spending, endorsements or positions.
As Employer Health Costs Rise, Worker Cancer Cases An Increasing Worry
Cancer is the top condition driving healthcare spending for the fifth year in a row, a new report from the Business Group on Health shows.
I refused to spend thousands on my kids' sports. I have no regrets.
I raised five kids in a sports-obsessed town but kept youth sports spending low. Now that they're adults, I'm glad I didn't invest more.
Employers face ‘existential reckoning’ as health costs surge
Employers are expecting a median 9.2% increase in medical spending next year, according to a new survey. But they’ve underestimated actual cost growth for the past three years, so even that figure may be too optimistic.
Rural health grants aimed at offsetting Medicaid cuts go to 80 unique institutions
According to a brief from KFF, the fund could offset 37% of the estimated federal Medicaid spending cuts in rural areas.
Raiders Provide Telling Fernando Mendoza Update Before Week 1
When the Las Vegas Raiders selected former Indiana Hoosiers standout quarterback Fernando Mendoza with the No. 1 overall pick in the 2026 NFL Draft, many felt that he could be a day one starter.Despite spending the No. 1 pick on a long-term franchise quarterback, the Raiders quickly made it clear that they were not going […] The post Raiders Provide Telling Fernando Mendoza Update Before Week 1 appeared first on HEAVY.
Addiction Treatment Providers Navigate Rising Federal Scrutiny on Fraud
As the federal government continues to put a microscope on behavioral health spending, substance use disorder providers are more focused than ever on
'Money Out of Politics' proposal headed to Michigan's November ballot
The proposal would ban political spending by major corporate players in Michigan, including DTE and Consumers Energy.
Capital One Business Travel Limited Time Offer Ends Sept. 7 for New Spark Cash Plus and Spark Cash Cardholders
Limited Time Offer Gives U.S. Small Business Owners Additional Value on Business Travel and Everyday Business Spending MCLEAN, Va. --(BUSINESS WIRE)--Aug. 25, 2026-- Capital One announced that its limited time travel credit offer for new Spark Cash Plus and Spark Cash business credit card customers
Fed up with high prices, California weighs penalties against hospitals, other entities
California is weighing stiff penalties for hospitals and other healthcare entities that don’t stay under state spending limits.
Alibaba launches Wan3.0 AI video model after $10 billion share sale
Alibaba officially rolled out its latest AI video generation-model Wan3.0 on Monday with enhanced capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending.
In first TV interview, California State Auditor Grant Parks talks about the state's high-risk issues
State Auditor Grant Parks discussed ongoing financial issues in the state's government, the growing demands on his office, and his effort to fight wasteful spending in California in his first ever TV interview on California Politics 360.
Building the beat: How New Orleans can grow the business behind the music
People dance to the music of the TBC Brass Band Photo by Michael DeMocker / The Times-Picayune This week New Orleans hosts the annual Cutting Edge CE Conference, which brings together members of the music industry, musicians, lawyers and others to learn about and discuss the latest changes in the business of making, producing and selling music. googletag.cmd.push(function() { googletag.display('ad-1492300'); }); The conference comes as AI and streaming are causing upheavals in the industry. Meanwhile, we’ve seen at least a partial collapse of the global festival industrial complex which has long been a key financial lifeline for many artists.All of that can feel a bit removed from life in New Orleans. After all, we are a city filled with music. On any given day or night, there are dozens of shows across the city, ranging from jazz and blues to hip-hop, bounce and house. Whereas in other cities kids dream of being the star of their local sports team, in New Orleans more often than not they dream of leading their own band.And music is a huge part of our economy. Before New Orleans was known as a foodie destination, it was already drawing millions of visitors from around the globe to experience our jazz, soul and funk scenes firsthand.But the reality is, if you want to make it big, you’re probably going to end up leaving the city. We’ve seen major performers like Lil Wayne, Master P and Jon Batiste (though he’s back on the Northshore) decamp to Los Angeles, Miami and New York. Likewise, up-and-coming musicians like Greer Grimsely, $leazy EZ and Lucky Daye have also left town in search of more profitable pastures.Meanwhile, our local universities train some of the best producers and engineers in the business — only to see them head to one of the big music industry cities after graduation.It’s not a new phenomenon, though the reasons have changed over the years. Like a lot of early jazz musicians, Louis Armstrong famously left New Orleans, first for Chicago before ultimately settling in New York City. But while those early migrations had more to do with racism, in today’s day and age, musicians end up leaving because New Orleans doesn’t have the industry infrastructure necessary to sustain the kind of growth and, well, success, a lot of folks dream of.It’s a hard, but very real, truth. Artists have to go to Nashville for publishing, Los Angeles for production, Atlanta to join a label or New York for representation. That, in turn, is a drain not only on the city’s talent pool but on money that could be staying here at home.Not being an industry town inevitably makes it that much harder for musicians who don’t leave to get the recognition and success they deserve. It also undoubtedly plays a part in keeping the wages working musicians in New Orleans make at their gigs here lower than in places like Austin or Nashville.That’s not to say we don’t have any of the infrastructure needed to make New Orleans a music industry town. We’ve got live music venues, studios, record labels, management companies, copyright attorneys ... all the various building blocks are there. We just haven’t ever built upon that solid foundation. googletag.cmd.push(function() { googletag.display('ad-1492297'); }); The question is how do we do that in a way that supports our existing industry and artists, respects our cultural traditions and ensures the wealth generated is equitably distributed so it isn’t just C-suite executives who end up reaping the benefits. And the time to start figuring out the answers is now: next year the legislature will focus on taxes and spending, making it vital that New Orleans leaders have a plan to try and secure funding to help grow our industry.So we asked a group of New Orleanians to give us their thoughts, ranging from industry attorneys and venue operators to working musicians and cultural advocates. Their answers point toward turning New Orleans into a music industry city without leaving musicians behind or abandoning what makes us the greatest music city on earth.If a dusty city like Austin can transform itself into a major hub not just for music but the industry behind it, surely the birthplace of jazz — and pretty much all modern music by extension — can figure it out as well. +3 Mailbox Money: The Recording Academy’s Reid Wick on supporting, and growing, New Orleans’ music industry Reid Wick has been a part of the New Orleans music landscape from virtually every angle. He'… California Dreaming: Pell discusses his time in L.A. and how New Orleans can help young musicians In 2015, New Orleans-born rapper Pell decided to make the move to Los Angeles. He was fresh … +2 Up from the street: To build a stronger music industry, support community first. At MaCCNO, most of our team aren’t just advocates, we’re also working musicians. Here are a … +2 Live and direct: Public investment in independent venues is key to a robust music economy. I’ve spent most of my adult life looking at the New Orleans music business from every side o… +2 Helping Hand: New Orleans doesn’t need more talent. It needs more infrastructure. People love to call New Orleans a music town. And they’re right. +2 \We out here: New Orleans doesn't need to be Austin. It's already a music industry city. +2 Futureshock: New Olreans has the music talent. Now it needs the innovation. New Orleans has long been known as a place for music creation and innovation. People travel … .donate-gambit-article-module-container { text-align: center; padding: 10px; /* background-color: #24da6d; */ background-color: rgb(153, 0, 0); margin-bottom: 20px; } .donate-gambit-article-module-title { font-weight: bold; color: #fff; } .donate-gambit-article-module-copy { color: #fff !important; font-size: 16px; } .donate-gambit-article-module-button { background-color: black; width: 50%; border-color: black; font-size: 16px; } .donate-gambit-article-module-button:hover { background-color: black; } @media only screen and (max-width: 600px) { .donate-gambit-article-module-button { font-size: 14px; width: 100%; } .donate-gambit-article-module-copy { font-size: 14px; } } BECOME A GAMBIT MEMBER AND JOIN OUR KREWE TODAY For more than 40 years, Gambit has covered New Orleans, for New Orleans. We’ve stood up to city hall with you, cheered the Saints with you, danced in the streets with you and cried over our collective loss with you. And we’re plannin’ on being here for 40 more. To do that, we need your help. Become a Gambit member today and help us continue our mission SUPPORT GAMBIT
Consumers still favor DoorDash and Uber Eats despite costs
Consumers sustain DoorDash and Uber Eats growth by prioritizing food delivery despite cutting spending elsewhere.
Monthly Spending Breakdown for Retirees 65 and Older: Housing, Food, Transportation, Healthcare
The average retiree age 65 or older spent about $5,120 per month, according to the most recent data. The largest portion of that went toward housing. See how your spending compares.
As USS Lincoln heads home, mental health experts tally the stressors of life at sea
The USS Abraham Lincoln is now on its way home after spending nine months at sea. Experts weigh in on the mental-health challenges of prolonged confinement and isolation aboard an aircraft carrier.
Reimagining how scientists study the chemistry of the air
Professor Victoria Barber and doctoral student Cooper Crabtree are spearheading Keck Foundation-funded project charting a path toward better understanding atmospheric oxidation. by Álvaro Castillo, UCLA College of Letters and Science From the vantage point of Victoria Barber, a UCLA assistant professor of chemistry and biochemistry, understanding the chemical reactions that shape air quality and climate are among the most pressing scientific challenges of our time. And thanks to a recent grant from the W.M. Keck Foundation, she and doctoral student Cooper Crabtree will spearhead a new research project exploring exactly how pollutants form in the atmosphere. Specifically, the project will examine how volatile organic compounds transform through atmospheric oxidation and explore how pollutants, like smog, form in the atmosphere. VOCs are released by sources ranging from trees and wildfires to vehicle exhaust pipes and consumer products such as cologne and perfume. As they undergo atmospheric oxidation, they can transform into a wide range of other compounds. Anyone in Southern California can attest to the urgency of this area of research — for example, in late July of this year, Los Angeles County was under an active ozone pollution advisory for almost a full week. While many people associate ozone with the protective ozone layer high in the stratosphere, ground-level or tropospheric ozone is a harmful secondary pollutant formed through atmospheric oxidation. Understanding how VOCs transform into pollutants like ozone is therefore critical to improving air-quality forecasts and informing strategies to reduce exposure. “My group is focused on trying accelerate our understanding of these networks of reactions so that we can do a better job of predicting how those pollutants form,” Barber said. “When we make decisions about how we might alter emissions, we can understand how that’s going to influence the production of these downstream pollutants.” With support from the W. M. Keck Foundation, Barber and Crabtree are developing new experimental approaches that will combine — and improve — techniques to study hundreds of chemical systems more efficiently than traditional methods allow. Instead of spending years decoding a single VOC, the project seeks to dramatically expand the pace and scale of discovery. The grant comes at a particularly important moment for environmental research. Barber, who joined UCLA in 2023, says funding for climate and air-quality research, especially for early career scientists, has become increasingly difficult to secure, a challenge compounded for ambitious projects that require building entirely new research infrastructure. The Keck Foundation’s support, Barber said, provides the flexibility to pursue bold early-stage, high-risk ideas that may be more difficult to fund using conventional federal funding sources. “It’s really, really hard to do environmental research under the current federal paradigm,” Barber said. “By stepping in and providing stable and flexible funding to explore this new idea, the Keck Foundation is making a huge difference to my research program.” In addition to funding early-career faculty, the Keck Foundation’s support is also focused on empowering graduate students like Crabtree in their scientific growth. The project gives Crabtree the opportunity to help develop an entirely new experimental approach to studying atmospheric chemistry — an experience that will provide him with valuable technical skills, scientific training and preparation for the next stage of his career. Stable funding also allows doctoral students like Crabtree to devote themselves more fully to research rather than balancing their scientific work with additional teaching responsibilities needed to cover funding gaps. “Getting to devote more of my time to research this past school year has greatly improved the pace and quality of our experiments, data analysis and planning for our future work,” said Crabtree, who is pursuing a Ph.D. in chemistry. “I feel very lucky — especially amid the current uncertainty surrounding scientific funding — to be able to continue exploring exciting knowledge gaps in our field and growing as a scientific researcher.” For Barber, mentorship is among the most rewarding and important aspects of her role as a faculty member. “Our jobs as faculty are to do good science and make good scientists,” she said. “I believe the Keck Foundation shares this belief and sees the potential positive impact this project can have.”
After 25 years
The kid in a sweet shop, or not being able to sleep on Christmas Eve, is genuinely how gnarly old me feels about the Sky Blues being back in the Premier League after 25 long years away! The landscape, particularly financially, has changed enormously in the intervening quarter of a century, which is why it's refreshing – and slightly surprising – to see the owner Doug King sanction spending of – by all accounts – more than £120m of their £200m-plus windfall on enhancing last season's Championship-winning squad. Frank Lampard was vibrant and positive at his pre-match media conference, while at the same time acknowledging that their front foot, attacking philosophy, which yielded 95 points and 97 goals last season, might have to be tempered, particularly at places like Arsenal.
As USS Lincoln heads home, mental health experts tally the stressors of life at sea
The USS Abraham Lincoln is now on its way home after spending nine months at sea. Experts weigh in on the mental-health challenges of prolonged confinement and isolation aboard an aircraft carrier.
Democrat Aisha Wahab will win Swalwell’s House seat, CNN projects, overcoming millions in AIPAC spending
Democratic state Sen. Aisha Wahab will win the special election runoff to finish former Rep. Eric Swalwell’s term in California’s 14th District, CNN’s Decision Desk projects.
OpenAI is gaining on Anthropic with business users, new data indicates
Businesses are willing to flop back and forth as each lab releases new models, volatility that should give both companies' investors pause about how "sticky" enterprise AI spending really is.
Charles vows to cut Maine spending in bid for governor
Charles faces former Maine House Speaker Hannah Pingree, a Democrat, and state Sen. Rick Bennett, an independent, on the fall ballot.