Visa dives deeper into crypto as FTX-linked debit card expands outside US

As traditional financial institutions continue to mingle with the cryptocurrency world, Visa is the latest to expand its offerings in the space, this time working alongside crypto exchange FTX for a “long-term global partnership.” The agreement between the two companies consists of offering FTX-branded Visa debit cards to FTX customers globally with a focus on…

Elon Musk said Tesla will deliver its first ‘super fun to drive’ semi trucks to Pepsi in December this year

The Semi Truck was originally slated to hit the road in 2019. Tesla Tesla has begun production of its all-electric Semi, Elon Musk said. Musk said on Twitter that PepsiCo will receive its first deliveries on December 1. Semi production has been postponed several times since the truck was unveiled by Tesla in 2017. Tesla…

The Fed’s jumbo rate hikes are spreading cracks through markets – so get ready for a pivot, Guggenheim’s Scott Minerd says

The Federal Reserve will cause markets to crack if it keeps raising interest rates so aggressively, Guggenheim Partners chief investment officer Scott Minerd told CNBC Thursday. Milken Institute The Federal Reserve could be forced to pivot away from rate hikes soon, Scott Minerd said. It will plunge markets into a crisis if it keeps tightening,…

Lidl, Hugo Boss, and other European retailers switch off illuminated logos, keep doors closed, and cut heating as the energy crisis takes its toll

Stores across Europe have adopted energy-saving measures ahead of winter. Sean Gallup/Sebastian Gollnow/picture alliance via Getty Images Stores in Europe are adopting energy-saving measures as Russia continues to cut off gas supplies. Lidl, Hugo Boss, Aldi, and other retailers told Insider what they’ve done in stores to save power. Switching off illuminated logos for 18…

A rift has opened in Trump’s legal team, with a lawyer frozen out for wanting to cooperate with the DOJ: NYT

Donald trump’s legal team: M. Evan Corcoran (C), Lindsey Halligan (L), James Trusty (Center-R), and Chris Kise (R) at the Brooklyn Federal Courthouse. on September 20, 2022. Alex Kent/Getty Images A rift has opened up among Donald Trump’s lawyers over the Mar-a-Lago probe, The NYT reported.  One lawyer, has been frozen out over suggesting closer…

Russian soldiers lived in squalor, left poop on the floor in occupied homes and ran away so fast they didn’t finish cooking, new report says

A still from a sky news report showing mess strewn all over the floor of a Ukrainian home in Yampil, formerly occupied by Russia Sky News A report from Sky News followed Ukrainian soldiers as they searched formerly occupied villages. They found extraordinary squalor in Ukrainian homes that Russian soldiers squatted in. It comes amid…

The US added 263,000 jobs in September, landing just above estimates

BI Graphics A “We Are Hiring” sign is posted in front of a restaurant in Los Angeles, California on August 17, 2022. Frederic J. Brown/AFP/Getty Images The US created 263,000 new jobs in September, beating the average estimate of 250,000 payrolls. The unemployment rate fell to 3.5%, landing below economists’ forecasts. The print shows job…

The dollar’s towering strength drives Korea to double-down in defense of its struggling currency

South Korean President Yoon Suk-yeol has pledged to defend the won against the surging US dollar. Seong-Joon Cho/Bloomberg/Pool/Anadolu Agency via Getty Images South Korea’s president promised to intervene to end uncertainty in currency markets Friday. The won has lost 18% of its value against the US dollar this year. Countries around the world are battling…

Meta warns 1 million Facebook users who installed password-stealing apps

Meta is warning 1 million Facebook users that their account information may have been compromised by third-party apps from Apple or Google’s stores. In a new report, the company’s security researchers say that in the last year they’ve identified more than 400 scammy apps designed to hijack users’ Facebook account credentials. According to the company,…