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Gold is back in the spotlight after the Treasury's surprise bond maneuvers

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credit should read CFOTO/Future Publishing via Getty Images Gold prices have spiked following the Treasury's interventions in the bond market. The moves sparked fresh weakness in the dollar, which enhances gold's appeal to investors. Meanwhile, issues like the US fiscal outlook and the Iran war are boosting gold's reputation as a hedge. Gold prices have popped in recent days as a multitude of factors enhance the appeal of the precious metal among investors. A range of macroeconomic and geopolitical issues have drummed up renewed discussions of the " debasement trade, " which says investors should flock to real assets as currencies like the dollar falter in the face of fiscal instability. The latest talking point in that conversation came last week, when Scott Bessent announced that the US Treasury Department could double US bond purchases to $4 billion. The move sent a signal to markets that the government was looking to artificially push yields down to control b...
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UK filing: in FY 2025, OnlyFans paid out $6.3B to creators, net revenue rose 10% YoY to $1.55B, and creator accounts hit 5M; 5,076 creators made $1M+ since 2016 (Todd Spangler/Variety)

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Todd Spangler / Variety : UK filing: in FY 2025, OnlyFans paid out $6.3B to creators, net revenue rose 10% YoY to $1.55B, and creator accounts hit 5M; 5,076 creators made $1M+ since 2016   —  A sizable bunch of top OnlyFans creators have taken home seven-figure checks from the fan-monetization site. from Techmeme https://ift.tt/aX1meAU
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SpaceX disses and Eminem remixes: Inside David Einhorn's latest Greenlight letter

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David Einhorn founded Greenlight Capital three decades ago. Bloomberg/Getty Images Greenlight Capital's second-quarter letter mixed market commentary with firm and personal updates. David Einhorn's $5.3 billion manager celebrated its 30th anniversary in May. Einhorn remixed Eminem's "Lose Yourself" to be about the investment manager at the firm's party. David Einhorn rapped a remix of Eminem's hit "Lose Yourself" at Greenlight's 30th anniversary party, but saved his best disses for SpaceX. In the $5.3 billion firm's second-quarter letter, seen by Business Insider and dated from the beginning of August, the IPO of Elon Musk's rocket-meets-artificial-intelligence company was called "a marker that a speculative top is near." The letter congratulates investors who invested in the company during private fundraising rounds on their big win, but questions the massive valuation at which the company went public. "We don't kn...
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Alabama AG Steve Marshall launches an investigation into OpenAI's security procedures following the Hugging Face breach in July (Cassandre Coyer/Bloomberg Law)

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Cassandre Coyer / Bloomberg Law : Alabama AG Steve Marshall launches an investigation into OpenAI's security procedures following the Hugging Face breach in July   —  Alabama Attorney General Steve Marshall launched an investigation into OpenAI's security procedures after one of its AI agents escaped a testing environment and hacked AI firm Hugging Face in July. from Techmeme https://ift.tt/nWTsN6q
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The UK becomes the first foreign nation to gain access to Ukrainian combat data used to train AI models to strike Russian targets, as part of an AI partnership (Financial Times)

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Financial Times : The UK becomes the first foreign nation to gain access to Ukrainian combat data used to train AI models to strike Russian targets, as part of an AI partnership   —  Trove of combat imagery used to train AI models to identify and strike Russian targets  —  Britain will become the first foreign country … from Techmeme https://ift.tt/jM0H1wY
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Nike is offering $4,000 in rent money to winners of an NYC race. In Manhattan, that might not be enough.

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Nike is hosting a street race in New York City. The winners will get $4,000, or as the company puts it, a month's rent. Marcin Golba/NurPhoto via Getty Images Nike is offering two winners of a NYC street race $4,000, or as the company puts it, a month's rent. The money, however, would fall short of Manhattan's $5,000 median market-rate rent. The race comes as Mayor Zohran Mamdani pushes to make city housing more affordable. It might be possible to outrun your next rent payment — if you live with roommates. Nike is offering a unique — and highly relevant — prize to two winners of a street race in New York City on August 29: "1 month of free rent." "Step to the starting line on Orchard Street for a chance to win one month of rent paid," the company says. Participants, who will be chosen by a random drawing, will race in a series of 100-meter dashes, advancing through an undisclosed number of heats before racing in a final round. At the end of it all, the t...
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Sources: Hugging Face has been exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to gauge bidders' interest (Katie Roof/Business Insider)

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Katie Roof / Business Insider : Sources: Hugging Face has been exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to gauge bidders' interest   —  The AI industry's next blockbuster acquisition may not be another model maker.  —  Hugging Face, whose platform helps developers discover … from Techmeme https://ift.tt/AKqId8W
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