A federal prosecutor in Virginia whose monthslong mortgage fraud investigation into New York Attorney General Letitia James has not resulted in criminal charges resigned Friday under pressure from the Trump administration.Erik Siebert confirmed his departure in an email to colleagues, reviewed by The Associated Press, in which he praised them as the “finest and most exceptional” of Justice Department employees but made no mention of the political turmoil that preceded his resignation.The replacement of Sieb ...

Core Insights - The restaurant industry is increasingly focusing on value offerings to attract budget-conscious consumers, with McDonald's leading the charge by reintroducing its Extra Value Meals, which provide an average savings of 15% compared to purchasing items separately [1][9][14] - Industry experts predict that McDonald's strategy will compel its competitors to implement similar discount strategies, particularly during breakfast hours, to retain and attract customers [2][4][13] Industry Response - Following McDonald's announcement, IHOP introduced an everyday value menu featuring four complete breakfast meals for $6, available daily from 7 a.m. to 10 p.m. [5][8] - Jack in the Box plans to increase cup sizes by approximately 25% and lower prices across its drive-thru menu, with over 60% of its combo meals priced under $10 [11] - Burger King has also launched promotional deals for its loyal customers, offering free items tied to a $1 order during a week-long celebration [12] Market Conditions - The fast-food sector is currently facing challenges such as margin pressures from supply chain issues and rising labor costs, alongside a general decline in customer traffic, with exceptions noted for brands like Chipotle and Cava [16] - As of July, menu prices at limited-service restaurants rose by 3.3% year-over-year, peaking at 8.2% in April 2023, indicating a trend of increasing costs in the industry [17]

Given enough data points, every stock will have a natural drift — the range of price activity which the target security gravitates toward over a period of time. However, trading based on this drift can be a maddening exercise because of the myriad directions the market can take. Further, determining a specific outcome from the aggregate of all pricing behaviors is a fool’s errand. That’s where the quantitative approach comes to the rescue. Rather than trying to decipher the randomness of share prices, I i ...

Core Points - The Trump administration intervened to prevent U.S. Steel from idling operations at its Granite City, Illinois plant, utilizing new powers from a recent takeover [1][2][3] - Nearly 800 workers were initially informed of the plant's closure in November but were assured they would still be paid [2] - The intervention represents the first use of "golden share" rights from the $14.1 billion takeover by Japan's Nippon, granting the White House veto power over strategic decisions [3] Group 1 - The intervention highlights the increasing influence of the Trump administration in the private sector, including a recent 10% stake in Intel following subsidies under the 2022 Chips Act [4] - Trump assured U.S. Steel workers that Nippon would maintain full capacity at the blast furnaces for at least 10 years, promising no layoffs and no outsourcing [5]

Group 1 - Valero Energy (NYSE: VLO) is expected to have a strong quarter due to improving crack spreads and increased utilization of its refinery assets [1] - The company is positioned to continue stock buybacks as a result of its favorable operational performance [1]

Core Insights - Climate Week NYC will feature over 1,000 events focusing on clean technology, adaptation, and finance, coinciding with the United Nations General Assembly [1] - New themes such as artificial intelligence and national security are gaining prominence alongside the ongoing need to cut emissions [2] - Investment in climate technology has stabilized after a decline, partly due to the rise of AI, which has attracted funding for companies focused on decarbonizing data centers [3] Group 1: Climate Technology and Investment - Big tech companies have invested hundreds of billions into AI, with expectations of further spending, while climate tech investment has seen a decline before stabilizing [3] - The rising costs of climate-related disasters, such as the $164 billion losses from the Los Angeles fires, highlight the need for better adaptation strategies [4] Group 2: Events and Discussions - Events during Climate Week will cover various topics, including resilience through insurance, the role of health in climate adaptation, and the intersection of climate change with public indebtedness in developing countries [7][9][23] - The Concordia Annual Summit will focus on creating social impact and bold climate solutions, featuring discussions among leaders in business, government, and media [8] - The UN Climate Summit 2025 will include heads of state presenting updated commitments to cutting emissions, emphasizing the importance of international cooperation [25]

Group 1 - The article emphasizes the importance of saving a portion of income, recommending a consistent saving of 10% regardless of the amount earned [1] - It suggests that individuals should invest in sectors where they have expertise, rather than diversifying into unfamiliar areas without proper guidance [1] - The article advocates for a long-term investment strategy over trading, highlighting that investments should only be sold if the original investment thesis is no longer valid [1] Group 2 - It encourages pursuing passions rather than solely focusing on high financial returns, suggesting that long-term happiness can outweigh short-term financial gains [1]

Group 1 - The article discusses the significance of the film "Blade Runner" (1982), highlighting its status as a classic in the sci-fi noir genre [1]

Crypto custodian BitGo has filed its first public S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), planning to list Class A common stock on the New York Stock Exchange under the ticker BTGO. The filing provides a rare look at the company’s business scale. BitGo generated $4.19 billion in revenue in the first six months of 2025, nearly quadrupling the $1.12 billion recorded in the same period a year earlier. Profitability, however, tightened: net income for the half-year ...

Bitcoin’s recent stretch of muted price action is a sign of strength, not weakness, according to Strategy (MSTR) Executive Chairman Michael Saylor. Speaking on an episode of Natalie Brunell’s "Coin Stories" podcast released Friday, Saylor argued that the market is in a consolidation phase as long-time holders sell portions of their stacks and institutions prepare for bigger allocations. “If you zoom out and look at the one-year chart, bitcoin is up 99%,” he said. “The volatility is coming out of the asset ...