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- The top 25 stories curated by editors and fellow readers!

From the Editor's Desk

Ranking the Biggest Single-Day Stock Swings of All Time

One company dominates this ranking of the biggest single-day stock
swings by market capitalization in U.S. history.

Continued here
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_TradeBriefs: Newsletters for Decision-Makers!_

Work

Martin Casado of Andreessen Horowitz will be at Disrupt 2024 |
TechCrunch
[[link removed]}&lead=419599&emailid=64008&nl=daily]
We’re out-of-this-world excited to announce that we’ve finalized
our dedicated Space Stage at TechCrunch Disrupt 2024. It joins
Fintech, SaaS and AI as the other industry-focused stages — all
under…

Work

Boeing workers are set to strike -- and it could cost the company
billions - Business Insider (No paywall) [[link removed]}&lead=419599&emailid=64008&nl=daily]
More than 30,000 factory workers are poised to walk out starting
Friday morning after the International Association of Machinists and
Aerospace Workers (IAM) overwhelmingly voted to reject a tentative
labor agreement with Boeing, and to go on strike in pursuit of a
better deal.















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To pop or not to pop: the smart way to invest in AI without worrying
about the bubble - Business Insider (No paywall)
[[link removed]}&lead=419599&emailid=64008&nl=daily]
It's also common to draw parallels between the dot-com bubble and
today's hype, leading investors to wonder if there's an AI bubble
that's about to pop, too. Goldman Sachs' big AI headline of the month
is "To buy, or not to buy, that is the question." The note from
September 5, led by Peter Oppenheimer, suggests the answer is "to buy"
but also to diversify.

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Mark Cuban says he doesn't hate Donald Trump, he just thinks the man
was and will be a 'lousy president' - Business Insider (No paywall)
[[link removed]}&lead=419599&emailid=64008&nl=daily]
The "Shark Tank" star has been a vocal critic of the Republican
nominee's candidacy and policies. This includes Trump's planned
tariffs on US imports, which Cuban has said will burden businesses.














Work

Berkshire Hathaway's stock is so rich even Berkshire is buying less of
it - WSJ (No paywall) [[link removed]}&lead=419599&emailid=64008&nl=daily]
The powerful rally that lifted the Omaha, Neb., company’s market
value above the trillion-dollar threshold has some investors and
analysts thinking its shares look a little pricey. Their concern might
be shared by someone who ought to know: the legendary stock picker
himself.

Work

Vodafone's UK merger with Three raises competition concerns, regulator
says - WSJ (No paywall) [[link removed]}&lead=419599&emailid=64008&nl=daily]
Vodafone Group’s deal to merge its U.K. business with rival operator
Three raises competition concerns, the U.K.’s antitrust authority
said, creating uncertainty on a deal poised to shake up the
country’s telecommunications market.














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Breaking Down OnlyFans' Stunning Economics -- MatthewBall.co
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Though a private company, Fenix International (“OnlyFans”) is a UK
company and therefore required to publicly disclose certain
information pertaining to its business and operations. And while these
disclosures are limited, they reveal enough about the OnlyFan’s
revenues, profits, scale, defensibility, reach, and impact to say that
it is probably the most successful UK company founded since DeepMind
in 2010, and the most significant media platform founded since TikTok
(via Musical.ly in 2014), and dedicated creator economy platform…
ever

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Novel Architecture Makes Neural Networks More Understandable | Quanta
Magazine
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“Neural networks are currently the most powerful tools in artificial
intelligence,” said Sebastian Wetzel, a researcher at the Perimeter
Institute for Theoretical Physics. “When we scale them up to larger
data sets, nothing can compete.”














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Music industry's 1990s hard drives, like all HDDs, are dying
[[link removed]}&lead=419599&emailid=64008&nl=daily]
One of the things enterprise storage and destruction company Iron
Mountain does is handle the archiving of the media industry's vaults.
What it has been seeing lately should be a wake-up call: roughly
one-fifth of the hard disk drives dating to the 1990s it was sent are
entirely unreadable.

Work

PwC US unit laying off 1,800 employees, plans restructuring of
products business - WSJ (No paywall) [[link removed]}&lead=419599&emailid=64008&nl=daily]
PricewaterhouseCoopers ’s U.S. unit is laying off about 1,800
workers, its first formal layoffs since 2009, and restructuring its
technology group as the firm faces slowing demand for some of its
advisory business.














Work

Top Jeep dealers blame CEO for 'disastrous choices' - WSJ (No paywall)
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Influential Jeep and Ram dealers are pushing their parent company to
take more-drastic action to reverse steep market-share losses, adding
to pressure on management to reinvigorate sales in the U.S.

Work

Young Wall Street casts doubt on efforts to rein in 100-hour
workweeks. 'Nothing is going to change.' - Business Insider (No
paywall) [[link removed]}&lead=419599&emailid=64008&nl=daily]
Two of Wall Street's biggest banks are adopting new policies to
mitigate overwork and burnout for their junior investment bankers.
Industry insiders say it's a hopeful start to addressing long-standing
issues — but they also worry the measures won't lead to significant
change.














Work

Greg Abbott says Texas border is solved--is he right?
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On August 27, Texas Governor Greg Abbott claimed the state's issue
with migrants coming across the southern border from Mexico had been
"solved" during an interview with NewsNation's Ali Bradley.

Work

Can the world stop a massive oil spill in the middle of a war zone?
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Since it was attacked by Houthi rebels in Yemen three weeks ago, a
tanker carrying roughly 1 million barrels of crude oil has been
immobilized and on fire in the Red Sea. The MV Sounion is still
intact, but may not be for long, and should it sink it could lead to
one of the largest oil spills in history, nearly four times bigger
than the Exxon Valdez disaster of 1989. This would have massive
environmental and economic impacts on a region already beleaguered by
war, and imperil the livelihoods and safe drinking water of millions
of people. Efforts will likely soon be underway to salvage the vessel,
but it’s a high-risk operation in an active conflict zone, and
success is far from guaranteed.














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Squeaky-clean Europe is more corrupt than you think - The Economist
(No paywall) [[link removed]}&lead=419599&emailid=64008&nl=daily]
“IT WAS RETRO style,” laughs Ruta Kaziliunaite, the co-ordinator
of Lithuania’s Special Investigation Service (STT), the country’s
anti-corruption police. Last November the former leader of the Liberal
Movement party was convicted of taking bribes from an executive at MG
Baltic, a trading and real-estate conglomerate. It was not a matter of
hidden transfers to shell companies, but of old-fashioned wads of
cash: the STT found €242,000 ($269,000) stashed in the MP’s house
and car. (Both men are appealing.)

Work

The once-dominant tank is getting humbled on the battlefield - WSJ (No
paywall) [[link removed]}&lead=419599&emailid=64008&nl=daily]
POKROVSK, Ukraine—Even as tanks help Ukraine push into Russia,
armies are rethinking how the powerful vehicles are made and deployed
after a recent history of being humbled in combat.













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CrowdStrike ex-employees: 'Quality control was not part of our
process' | Semafor
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Software engineers at the cybersecurity firm CrowdStrike complained
about rushed deadlines, excessive workloads, and increasing technical
problems to higher-ups for more than a year before a catastrophic
failure of its software paralyzed airlines and knocked banking and
other services offline for hours.

Work

The 'godmother of AI' just raised $230 million for her AI startup
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Li joined the government’s Artificial Intelligence Safety and
Security Board in April, where she and dozens of other industry
leaders will advise the Department of Homeland Security on preventing
harm while implementing AI in critical infrastructure such as the
power grid and transportation.

Work

'Absolutely Scary': Simultaneous Fires Threaten SoCal Communities
[[link removed]}&lead=419599&emailid=64008&nl=daily]
WRIGHTWOOD, Calif. — Three major wildfires in Southern
California’s mountains east of Los Angeles torched dozens of homes
and forced thousands of people to evacuate, officials said Wednesday.

Work

These Italian Villages Will Pay You Up To $45,000 To Move There -
Forbes (No paywall) [[link removed]}&lead=419599&emailid=64008&nl=daily]
Italy is peppered with pretty, culture-rich villages that look idyllic
in the eyes of visitors. But thousands of these communities are
suffering from depopulation as inhabitants seek better economic
opportunities in cities.

Work

The Mortal American Dream of Alberto Castaeda Aco
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Once, long ago, he had been an amateur boxer in Mexico, dubbed
“Campeon” by those who saw him spar professional fighters. But
children came, three daughters, two sons, and the aspirations of a
champion gave way to practicality.

Work

Who Is Laura Loomer, the Far-Right Activist Who Traveled With Trump?
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Two days before she traveled with Mr. Trump to the debate, she wrote
in a post on X that if Vice President Kamala Harris, whose mother was
Indian American, won the election, the White House would “smell like
curry.”

Work

Meeting With Biden, British Leader Hints at Ukraine Weapon Decision
Soon
[[link removed]}&lead=419599&emailid=64008&nl=daily]
On Thursday, Mr. Putin responded to reports that America and its
allies were considering such a move by declaring that it would “mean
that NATO countries — the United States and European countries —
are at war with Russia,” according to a report by the Kremlin.

Work

Biden Is No Longer Front and Center -- and It's Liberating to Him
[[link removed]}&lead=419599&emailid=64008&nl=daily]
On Tuesday night, while 67 million Americans watched Vice President
Kamala Harris and former President Donald Trump debate on their
television screens (and likely millions more on phones and tablets),
Biden spent the evening in a hotel suite at the JW Marriott Essex
House in New York City, just a one-minute drive from Trump Tower.
Earlier, he had attended a birthday party for his granddaughter,
Finnegan, at Campagnola, a restaurant that says it specializes in
“country-style Italian dining.”

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The Debate Over Debates Is Over, at Least for Now
[[link removed]}&lead=419599&emailid=64008&nl=daily]
It’s also an inversion of the usual dynamics in which the candidate
who struggled onstage, or is behind in the polls, demands a rematch.
Ms. Harris was widely viewed as putting Mr. Trump on the defensive
throughout their clash, baiting him with talk about people leaving his
rallies and the inheritance he received from his father.

Work

Donald Trump Prepares to Unveil a Cryptocurrency Business
[[link removed]}&lead=419599&emailid=64008&nl=daily]
World Liberty Financial is Mr. Trump’s latest effort to ingratiate
himself with the crypto industry. On the campaign trail, he has vowed
to end a crackdown on the industry by the U.S. government, which has
pushed for stricter regulations on digital currencies. In July, Mr.
Trump spoke at the annual Bitcoin conference in Nashville, one of the
largest crypto gatherings of the year, promising to make the United
States “the crypto capital of the planet.”

Work

Europeans Used Cocaine Much Earlier Than Previously Thought, Study
Finds
[[link removed]}&lead=419599&emailid=64008&nl=daily]
“We have evidence of coca leaves being used thousands of years
ago,” said Christine VanPool, an anthropologist at the University of
Missouri. No one knows exactly how or when coca reached Europeans. But
Dr. VanPool believes that Spanish colonizers in South America may have
been attracted to cocaine’s analgesic properties.

Work

Tiger Global plans to join OpenAI's funding round at more than $150
billion valuation
[[link removed]}&lead=419599&emailid=64008&nl=daily]
The group also talked about bringing the public and private sectors
together to talk about AI's energy usage, data center capacity,
semiconductor manufacturing and grid capacity, sources familiar with
the meeting told CNBC.

Work

Britain Is Prodding Biden to Allow Kyiv to Strike in Russia
[[link removed]}&lead=419599&emailid=64008&nl=daily]
American and European officials insist that Ukraine’s efforts to
expand its gains on the battlefield — including by using
NATO-provided missiles — could encourage Putin to seriously engage
in peace negotiations.

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Redefining American Style
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Designers are putting their positions, not their hearts, on their
sleeves, and it is happening not on the fringes but in the labels that
seem increasingly core to the identity of New York fashion itself. And
they are showcasing their statements in the monuments of the
establishment — not just at 30 Rock but on Wall Street, courtesy of
Willy Chavarria and City Hall, thanks to Who Decides War, which held
its show almost next door.

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EU complaint urges action on confusing in-game currencies
[[link removed]}&lead=419599&emailid=64008&nl=daily]
The use of premium currencies purchased with real money has been
controversial, especially around young players. In 2022, Epic was hit
by a record FTC fine, in part for making it possible for children to
purchase Fortnite's V-Bucks in-game currency without parental consent
until 2018. The regulator said that Epic ignored more than a million
user complaints and employee concerns over wrongful charges.

Work

Briton and Americans among 37 given death sentence over DRC coup
attempt
[[link removed]}&lead=419599&emailid=64008&nl=daily]
A spokesperson for the UK’s Foreign, Commonwealth and Development
Office said: “We are providing consular assistance to a British man
detained in DRC and are in contact with the local authorities. “We
have made representations about the use of the death penalty to the
DRC at the highest levels, and we will continue to do so.”

Work

Keir Starmer meets with Joe Biden at White House as Putin warns Nato
against letting Ukraine send long-range missiles ? as it happened
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Russia's weaponization of disinformation to subvert and polarize free
and open societies extends to every part of the world. In response,
today, the United States, United Kingdom and Canada are launching a
joint diplomatic campaign to rally allies and partners around the
world to join us in addressing the threat posed by RT and other
machinery of Russian disinformation and covert influence."

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Blinken accuses RT of being worldwide Kremlin intelligence network
[[link removed]}&lead=419599&emailid=64008&nl=daily]
As a result of RT’s efforts to “weaponise disinformation”,
Blinken said, the US, UK and Canada would launch a “joint diplomatic
campaign … to rally allies and partners around the world to join us
in addressing the threat posed by RT and other machinery of Russian
disinformation and covert influence”.

Work

Trump repeats false claims about Ohio cities after Biden says 'no
place in America' for attacks on Haitian immigrants ? as it happened
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Trump vows ?large deportations? from Ohio town if elected; Biden
condemned attacks made by Trump and Vance about Haitian immigrants

Work

Fintech Bolt is buying out the investor suing over Ryan Breslow's $30M
loan | TechCrunch
[[link removed]}&lead=419599&emailid=64008&nl=daily]
We’re out-of-this-world excited to announce that we’ve finalized
our dedicated Space Stage at TechCrunch Disrupt 2024. It joins
Fintech, SaaS and AI as the other industry-focused stages — all
under…

Work

Dave and Varo Bank execs are coming to TechCrunch Disrupt 2024 |
TechCrunch
[[link removed]}&lead=419599&emailid=64008&nl=daily]
We’re out-of-this-world excited to announce that we’ve finalized
our dedicated Space Stage at TechCrunch Disrupt 2024. It joins
Fintech, SaaS and AI as the other industry-focused stages — all
under…

Work

Some startups and investors are more risk-averse than others |
TechCrunch
[[link removed]}&lead=419599&emailid=64008&nl=daily]
We’re out-of-this-world excited to announce that we’ve finalized
our dedicated Space Stage at TechCrunch Disrupt 2024. It joins
Fintech, SaaS and AI as the other industry-focused stages — all
under…

Work

Y Combinator expanding to four cohorts a year in 2025 | TechCrunch
[[link removed]}&lead=419599&emailid=64008&nl=daily]
We’re out-of-this-world excited to announce that we’ve finalized
our dedicated Space Stage at TechCrunch Disrupt 2024. It joins
Fintech, SaaS and AI as the other industry-focused stages — all
under…

Work

AI's tween years, who's taking over climate tech, and the latest for
Fearless Fund
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Subscribe to us on Apple Podcasts, Overcast, Spotify, and all the
casts. You also can follow Equity on X and Threads, at @EquityPod. For
the full episode transcript, for those who prefer reading over
listening, check out our full archive of episodes over at Simplecast.

Work

Vanta's Christina Cacioppo takes the stage at Disrupt 2024 |
TechCrunch
[[link removed]}&lead=419599&emailid=64008&nl=daily]
We’re out-of-this-world excited to announce that we’ve finalized
our dedicated Space Stage at TechCrunch Disrupt 2024. It joins
Fintech, SaaS and AI as the other industry-focused stages — all
under…

Work

Dave Ramsey's Bold Housing Predictions: 3 Blunt Forecasts That Could
Shake Up Your Next Home-Buying Move - Will You Be Ready?
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Elon Musk and Jeff Bezos are bullish on one city that could dethrone
New York and become the new financial capital of the US. Investing in
its booming real estate market has never been more accessible.

Work

Delaware bankruptcy court says Yellow owes pensions, stock drops 90%
[[link removed]}&lead=419599&emailid=64008&nl=daily]
He also upheld an agreement inked between Yellow and Teamsters funds
in New York and Western Pennsylvania. Yellow reentered those funds in
2013 under a deal in which it would contribute just 25% of the usual
rate, but it would repay any withdrawal liabilities assuming a 100%
contribution rate if it withdrew.

Work

Read Putin's Warning to NATO on Ukraine's Use of Long-Range Weapons
[[link removed]}&lead=419599&emailid=64008&nl=daily]
President Putin: What we are seeing is an attempt to substitute
notions. Because this is not a question of whether the Kyiv regime is
allowed or not allowed to strike targets on Russian territory. It is
already carrying out strikes using unmanned aerial vehicles and other
means. But using Western-made long-range precision weapons is a
completely different story.

Work

Earlier Investigation of School Shooting Suspect Ended Too Soon,
Experts Say
[[link removed]}&lead=419599&emailid=64008&nl=daily]
“If I had subpoena power, which law enforcement officers do, with a
very high degree of confidence I would be able to identify who the
author of those threats was,” said Paul Raffile, a
cyber-intelligence analyst who has collaborated with law enforcement
agencies on investigating sexual extortion cases and other internet
scams.

Work

No Criminal Charges Expected in Aftermath of Maui Wildfire
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Residents on the hillside more than a mile above the town’s
waterfront reported seeing fire emerge next to a downed power line in
the morning and start to spread in the same area in the afternoon, but
the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives has yet
to release a final determination.

Work

Kamala Harris talks assault-weapons ban and tax relief in Pennsylvania
stop
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Harris also paid a visit to cafe and bookshop Classic Elements, where
she told reporters: “I am feeling very good about Pennsylvania,
because there are a lot of people in Pennsylvania who deserve to be
seen and heard.”

Work

California Drug Clinic Operator Convicted in $3 Million Kickback
Scheme
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Treatment facility operators may pay a group like a marketer or
advertiser to promote their services to patients. But the Eliminating
Kickbacks in Recovery Act of 2018 prevents the operators from paying
body brokers kickbacks based on how much revenue the patients they
referred brought in, as Mr. Mahoney did, according to the indictment.

Work

Sentence for Paramedic Convicted in Elijah McClain's Death Reduced to
Probation
[[link removed]}&lead=419599&emailid=64008&nl=daily]
“After considering the evidence, a statewide grand jury indicted
Cichuniec, and a jury of his peers found him guilty of his criminal
acts that led to the death of Elijah McClain,” the Colorado Attorney
General’s Office said in a statement. “We are disappointed the
court reduced his sentence today, but we respect the court’s
decision.”

Work

Trump Pledges to Start Migrant Deportations in Ohio and Colorado
[[link removed]}&lead=419599&emailid=64008&nl=daily]
Since the debate, Springfield has been at the center of a maelstrom.
This week, bomb threats have led to the evacuation of city hall and
multiple schools. But Mr. Trump on Friday dismissed the danger that
his rhetoric might be posing to the city’s residents. “No, no,”
he said. “The real threat is what’s happening at our border.”

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