XRP gets legal recognition as 'property'
Yahoo Finance· 2025-11-07 17:48
Can you call your digital assets “property”? For many countries, cryptocurrencies and tokens still occupy a regulatory gray area as governments continue to understand how these assets function. However, some nations have taken decisive steps toward legal clarity by recognizing crypto as property. Classification of digital assets as "property" strengthens ownership rights and brings them under existing tax frameworks. In the United States, the Internal Revenue Service (IRS) treats virtual currencies like ...
Goldman Sachs' Jan Hatzius: It looks like employment growth is fairly close to zero
Youtube· 2025-11-07 17:48
Core Insights - The current job market is showing signs of weakness, potentially nearing the worst conditions in 50 years outside of a recession [1][2] - Employment growth appears to be close to zero, with job openings and hiring trends continuing to decline [4][5] - The GDP is projected to be around 3.6% for the current quarter, but labor market indicators are deemed more reliable for assessing economic health [8][9] Employment Trends - Confidence numbers indicate a low expected change in the unemployment rate, typically seen only during recessions [3] - Layoff notices and announcements are increasing, raising concerns about future employment stability [7] - Current employment growth metrics suggest a stagnation rather than improvement, with weak job openings and hiring [6] Economic Indicators - GDP growth appears strong at 3.6%, but is influenced by inventory changes and front-loading effects [8] - Labor market data is prioritized over GDP figures for a clearer picture of economic conditions [9] - Inflation numbers are generally positive, with expectations of a Federal Reserve rate cut in December despite uncertainties [15] Technology Impact - There is speculation that technology, particularly AI, may be impacting the labor market more quickly than previously anticipated, although current trends are largely attributed to post-pandemic conditions [11][12]
Shareholder Alert: The Ademi Firm investigates whether Gulf Island Fabrication Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2025-11-07 17:48
Accessibility StatementSkip Navigation MILWAUKEE, Nov. 7, 2025 /PRNewswire/ -- The Ademi Firm is investigating Gulf Island (NASDAQ: GIFI) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with IES Holdings Inc. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Gulf Island shareholders will receive ...
Why Omada Health is finally prescribing Ozempic as TrumpRx slashes GLP-1 weight-loss drug costs
Business Insider· 2025-11-07 17:47
A billion-dollar diabetes company that's previously refused to write Ozempic prescriptions is now changing its tune — right as the drugs are about to get a lot cheaper. Omada Health, the chronic care startup that went public in June, said Thursday it would start prescribing GLP-1 medications for obesity. Until now, Omada has stayed out of the GLP-1 prescribing game, leaving those decisions up to patients' primary care providers.The company's timing was fortuitous. A few hours earlier, President Donald Trum ...
Big Tech may win reprieve as EU mulls easing AI rules, document shows
Yahoo Finance· 2025-11-07 17:46
Core Points - The European Commission is considering easing sections of the AI Act, which may benefit tech giants like Apple and Meta Platforms [1][2] - Intense lobbying from big tech companies and criticism from the U.S. administration have influenced the Commission's decision [2] - The Digital Omnibus, to be presented on November 19, may include changes to simplify the implementation of AI regulations [2][3] Regulatory Changes - Proposed simplifications include exemptions for companies from registering high-risk AI systems if used for narrow or procedural tasks [3] - A one-year grace period is suggested, during which penalties for non-compliance would not be enforced until August 2, 2027 [3] - AI system providers may have a transitional grace period for marking AI-generated content to address issues like deepfakes and misinformation [4]
CSE Bulletin: Delist - Eagle Royalties Ltd. (ER)
Newsfile· 2025-11-07 17:46
Toronto, Ontario--(Newsfile Corp. - Le 7 novembre/November 2025) - The common shares of Eagle Royalties Ltd. (the "Issuer") will be delisted from the CSE at market close today, November 7, 2025. For further information please see the Issuer's news release. _________________________________ Les actions ordinaires d'Eagle Royalties Ltd. (la "Société émettrice") seront retirées de la cote du CSE à la clôture du marché aujourd'hui, le 7 novembre 2025. Pour plus d'informations, veuillez consulter le com ...
'Grand Theft Auto VI' Game Delayed Again Until November 2026
Youtube· 2025-11-07 17:46
Why this second pushback. What's going on with rock star. Yeah.I mean, videogames are complicated to make. This is going to be one of the biggest video games of all time. Will probably be the best selling entertainment product of all time.And so the pressure is very high. Rockstar and Take-Two, they want this game to be as perfect as possible. They want it to hit 95 plus in Metacritic.That's the review score aggregator, right. And yeah, in these games any time I get that wanting to hit 95 plus on Metacritic ...
US household debt hits a new record, NY Fed finds
Fox Business· 2025-11-07 17:46
American households' debt burdens increased to the highest level on record in the third quarter of 2025, according to a new report by the Federal Reserve Bank of New York. The New York Fed's Center for Microeconomic Data released its quarterly report on household debt and credit this week, which showed that household debt rose by $197 billion in the third quarter to a record of $18.59 trillion.Mortgage balances grew by $137 billion in the quarter to a total of $13.07 trillion at the end of September, while ...
Cathie Wood Pounces On Sinking Archer Aviation Shares
Investors· 2025-11-07 17:45
BREAKING: Stocks Fall Sharply For Week, But Bulls Make Stand Friday 10/20/2025Archer Aviation jumped as Korean Air agreed to buy 100 of its flying taxi aircraft for commercial and government purposes. 10/20/2025Archer Aviation jumped as Korean Air agreed to buy 100... INVESTING RESOURCES Take a Trial Today Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Investors.com will undergo scheduled maintenance from 10:00 PM ET to 2:00 ...
McDonald's, Chili's win on value as fast-casual chains lose younger diners
Reuters· 2025-11-07 17:41
As U.S. consumers tighten their wallets, budget-friendly restaurant chains such as McDonald's, Chili's and Domino's are emerging as winners, drawing more diners who are trading down to cheaper meals. ...