Business
Crypto VC Paradigm Pivots to AI With $1.2 Billion Fund as Bitcoin Stalls
Paradigm just closed a $1.2 billion fund to expand into AI and robotics, a major departure for the crypto-native powerhouse as digital asset funding cools to $10.8B against AI's $510B record.
Business
Aston Martin delays EVs to the 2030s, using an EU loophole to keep the V12 engine alive
Aston Martin is abandoning plug-in hybrids and delaying its EV lineup to the 2030s. The automaker is using a strict 1,000-unit sales cap to legally keep its V12 engine alive until 2035.
Business
Slate Auto Cancels Canadian Launch Over 25% Import Tariffs
Slate Auto has canceled plans to sell its $24,950 electric truck in Canada. Cross-border 25% retaliatory tariffs wipe out the EV's price advantage, leaving the budget market wide open for Ford.
Business
U.S. Dollar Longs Hit $39.8 Billion as Inflation Forces Fed to Signal Rate Hike
Speculators pushed U.S. dollar net longs to a decade-high $39.8 billion following a surge in energy-driven inflation. The Fed's revised dot plot now implies a year-end rate hike to 3.8%.
Business
Polymarket Mounts Aggressive US Comeback Campaign Following 4-Year CFTC Exile
After a 4-year exile and a $1.4M fine, Polymarket is spending heavily on MLB and CNN sponsorships to break Kalshi's grip on the $26.6B prediction market.
Business
Unpacking the Supply Chain: How Import Tariffs Actually Affect Domestic Manufacturing
The foreign exporting country doesn't pay the tariff. Here is exactly how border taxes hit domestic supply chains and consumer wallets.