Posts by Amelia Frost
A Trump Teleprompter Operator Allegedly Used Kalshi to Bet on the President’s Speeches. Federal Regulators Took Notice.
A longtime White House staffer who has operated President Donald Trump‘s teleprompter for nearly a decade has been placed on unpaid administrative leave after he allegedly used insider knowledge to make more than $100,000 through prediction market bets. According to an ABC News report, Gabriel Perez, a technical assistant who has worked as Trump’s teleprompter…
Read MoreA Fed Voting Member Said Interest Rates Should Be Higher. Stocks Fell
Stocks fell on Thursday as chipmakers dropped despite solid earning reports. Comments from a Federal Reserve voting member also weighed on indexes. The S&P 500 fell 0.51%, while the tech-heavy Nasdaq Composite underperformed, dropping 1.47%. The Dow Jones Industrial Average fell 0.20%. CNBC noted that that VanEck Semiconductor ETF fell more than 4%, dragged by…
Read MoreThe Global Race to Regulate AI Is Creating New Risks for Businesses
People may be using artificial intelligence (AI) more often, but they still want its use to be regulated. In fact, more than half of the population in a 2025 survey said they worried that AI regulation was moving toward a too-relaxed state. But a fair number of business leaders might argue otherwise. Why would business…
Read MoreThe Milk That Milk Forgot: How Alexandre Family Farm Brought A2 Back
There is a gelato shop called Gemlato, in San Luis Obispo, California, where the gelato in the case quietly outshines even the fanciest frozen scoops in Rome. Customers who ask what makes it taste so good almost always get the same answer: it’s made with A2 milk from Alexandre Family Farm. And for Blake and…
Read MoreInflation Fell More Than Expected In June, But a Fed Member Said Interest Rates Should Be ‘Modestly’ Higher
Dallas Federal Reserve President Lorie Logan said interest rates should be “modestly” higher to help inflation return to the 2% goal. Logan, who is a voting member in the Federal Open Market Committee this year, said inflation is still an issue for U.S. households and policymakers must act accordingly. “I currently believe modestly higher interest…
Read MoreFrom the Jersey Shore to a National Platform: How Suite Capacity Is Expanding Across the United States
On the Jersey Shore, Billy Butler started managing other people’s vacation rentals with no investors, no inherited property, and no background in hospitality. Five years and 70-plus doors later, the question he is asking is no longer whether the model works on the shore. It is whether it works everywhere. Suite Capacity, the company he…
Read MoreSpaceX’s Stock Keeps Falling. Short Sellers Are Now Piling Up
Short sellers are piling up their bets against SpaceX as the company’s stock falls after its IPO last month. CNBC detailed that about 30% of the company’s publicly tradable shares are being sold short. It has climbed from between 5% to 7% three weeks ago, the outlet added, citing data from S3 Partners. “We are…
Read MoreCIPA Lawsuits Are Surging: Why Your Website Could Be Next
The letter gives you 20 to 30 days. It arrives on law firm stationery, says your website has been illegally wiretapping its visitors, and offers to settle for anywhere between US$10,000 and US$100,000. The law it cites was written in 1967 to stop people from bugging telephones. Thousands of American businesses have opened one this…
Read MoreJamie Dimon’s JPMorgan Is Closing In on a Historic Milestone. The World’s First $1 Trillion Bank
JPMorgan Chase is on the verge of making financial history as the first bank ever to reach a $1 trillion market valuation, underscoring the Wall Street giant’s dominance under CEO Jamie Dimon’s nearly two decades of leadership. The bank’s market capitalization climbed to roughly $919 billion after posting the highest quarterly profit ever recorded by…
Read MoreAmerica’s College-First Mindset Is Failing the Workforce
John W. Brewster For decades, we have told young Americans that if they want a successful life, there is only one respectable path: go to college. That message has become so deeply embedded in our culture that many families accept it without question. I believe that assumption is no longer serving our students, our economy,…
Read MoreThe World Cup Is Boosting Spending. Hotels, Beer And Tourism Feel It First.
The FIFA World Cup has delivered a lift to businesses in several U.S. host cities, with hotels, bars and restaurants reporting stronger traffic as millions of fans traveled across North America for the tournament. At the same time, broader signs of consumer caution persisted across the country, as households continued to cut discretionary spending amid…
Read MoreFormer Fed Adviser Covertly Shared Confidential Information With China. Now He Faces Time In Prison
A former Federal Reserve advisor was sentenced to more than three years in prison after lying to investigators about his ties to Chinese intelligence operatives. John Harold Rogers, 64, was sentenced to 38 months in federal prison for making false statements to federal investigators, the Justice Department officials said. Rogers lied to investigators about the…
Read More