Finance

Markets, economy, and industry.

  1. Economy

    CBO: $1 Billion in Flood Adaptation Could Cut $3–4 Billion in Future Damage Over 30 Years

    CBO finds $1B in federal flood adaptation could cut $3–4B in future flood damage over 30 years, but official budget scores typically won't count those savings.

    · #flood #climate #cbo #infrastructure

  2. Industry

    Wizards of the Coast to Add Ultra‑Rare 'God Packs' to Magic Boosters Starting with 2027 Nauctis Set

    Wizards will insert ultra‑rare “God Packs” into Magic booster products starting with the Nauctis set; they’ll appear roughly 1-in-1,000 in draft packs and 1-in-300 in Collector Boosters.

    · #magic_the_gathering #wizards_of_the_coast #trading_card_games #gaming_industry

  3. Industry

    Judge Refuses to Dismiss Antitrust Claims Against RealPage and Major Landlords Over Rent‑Pricing Software

    A federal judge denied motions to dismiss claims that RealPage's rent‑pricing software and landlords coordinated rents, keeping the states' case alive in federal court.

    · #antitrust #realpage #rent #housing

  4. Financial Markets

    Treasury escalates crackdown on Russia-linked A7 crypto network with sanctions and FinCEN rule proposal

    U.S. Treasury sanctions the Russia-linked A7 Network as a transnational criminal organization; FinCEN proposes AML rules to block its crypto and banking channels.

    · #sanctions #crypto #moneylaundering #fincen

  5. Industry

    RTX Announces Up to $24.4 Billion Navy Contract for SM-6 Interceptors; Pentagon Notice Not Yet Posted

    RTX said a five-year, up to $24.4bn deal will supply SM-6 missiles to the U.S. Navy, but a matching Pentagon contract notice had not yet appeared.

    · $RTX #defense #navy #missiles #rtx

  6. Financial Markets

    SEC Proposes Crypto Custody Framework for Investment Advisers and Funds

    The SEC proposed a tailored crypto custody framework for registered advisers and funds, allowing limited self-custody and state trust company custodians.

    · #crypto #sec #custody #regulation

  7. Economy

    Lagarde Warns AI Is a Financial‑Stability Risk, Urges Focus on Trading, Cyber and Europe’s Provider Dependence

    Christine Lagarde warns AI can pose systemic financial risks, urging attention to trading correlation, cyber resilience and Europe’s dependence on a few providers.

    · #ai #financialstability #christinelagarde #europe #cybersecurity

  8. Industry

    FedEx Completes Sale of FedEx Supply Chain to CMA CGM, Expanding CEVA in North America

    FedEx has closed the $1.4B sale of its Supply Chain unit to CMA CGM, boosting CEVA’s North American footprint and letting FedEx focus on core operations.

    · $FDX #fedex #cmacgm #logistics #supplychain

  9. Financial Markets

    277.2 million USDT moved from Binance-labeled wallet to unknown address on Solana

    A 277.16 million USDT transfer left a Binance-labeled wallet for an unlabeled address on Solana; similar large movements occurred earlier this year.

    · #crypto #usdt #binance #solana

  10. Financial Markets

    SEC Accuses Meyer Global of Defrauding Retail Investors in Pre-IPO SpaceX Funds

    The SEC charged Meyer Global and CEO Owen Meyer with misusing client funds, inflating statements and mishandling pre-IPO SpaceX investments.

    · #sec #fraud #spacex #preipo

  11. Economy

    BEA Revises U.S. Q2 GDP Up to 2.2% as Inflation Remains Elevated

    BEA's third estimate lifts U.S. Q2 GDP to a 2.2% annualized rate; PCE inflation rose 5%. State growth ranged from 4% in New York to −2.3% in West Virginia.

    · #economy #gdp #inflation #bea

  12. Industry

    FCA opens applications for crypto firms to seek full UK authorization

    The FCA opened applications for crypto firms to seek full UK authorization, with an application window from Sept. 30, 2026 and a Feb. 28, 2027 deadline.

    · #uk #crypto #regulation #fca

  13. Industry

    Eric Cantor Named PhRMA President and CEO, Taking Helm Nov. 9

    Former House Majority Leader Eric Cantor will become PhRMA’s president and CEO on Nov. 9, succeeding Stephen Ubl and stepping into the drug industry’s top advocacy role.

    · #pharma #healthcare #ericcantor #tradeassociation

  14. Economy

    Reserve Bank of Australia Raises Cash Rate to 4.60%, Flags Inflation Risks

    RBA raised the cash rate 25bps to 4.60%, citing persistent inflation, global energy and AI-driven price pressures and leaving open the possibility of further hikes.

    · #rba #interestrates #australia #inflation

  15. Industry

    RTX says Raytheon unit won up to $20.7 billion AMRAAM multiyear contract

    RTX said a Raytheon unit secured a five-year multiyear deal worth up to $20.7B to expand AIM-120 AMRAAM production amid a Pentagon munitions push.

    · $RTX #rtx #defense #amraam #missiles

  16. Economy

    U.S. Manufacturing Hits 52-Month High in S&P Global Flash PMI, Raising Inflation Concerns

    S&P Global’s flash PMI shows U.S. manufacturing surged to a 52-month high in September, boosting growth outlook while heightening inflation and rate risks.

    · #manufacturing #economy #inflation #pmi

  17. Industry

    FTC, 12 States Propose 10-Year Ban on Corteva Loyalty Programs, $35 Million Settlement

    FTC and 12 states seek 10-year ban on Corteva loyalty programs that regulators say blocked lower-priced generic pesticides; Corteva to pay $35M.

    · $CTVA #antitrust #agriculture #corteva #competition

  18. Economy

    BOJ minutes show shift from lifting to 'anchoring' 2% inflation, stoking debate over further rate hikes

    July BOJ minutes show policymakers shifting focus from lifting inflation to anchoring it at 2%, prompting debate on timing and pace of further rate increases.

    · #boj #inflation #monetarypolicy #japan

  19. Financial Markets

    CFTC sues Cash FX Group, executives in alleged $950 million forex Ponzi scheme

    The CFTC sued Cash FX Group, its CEO and three others, accusing them of a multilevel‑marketing forex Ponzi that raised $950M+ and caused at least $406M in losses.

    · #cftc #forex #ponzi #fraud