Author: Press Room
American fast-food chain Steak ‘n Shake has launched a Bitcoin treasury, pledging to store all BTC payments received across its restaurants in a dedicated strategic reserve. Key Takeaways: Steak ‘n Shake has launched a Bitcoin treasury, pledging to store all BTC payments from restaurant sales in a strategic reserve. For every “Bitcoin Meal” sold, the company will donate 210 sats to OpenSats, supporting Bitcoin Core and open-source development. The chain credits Bitcoin users for driving double-digit sales growth and cutting payment processing fees by roughly 50%. The announcement, made on Friday on X, was met with strong approval from the…
Eric Francis/Getty Images News Berkshire Hathaway press release (NYSE:BRK.A)(NYSE:BRK.B): Q3 operating earnings of $13.49B (+33.6% Y/Y). Q3 total revenue of $94.97B (+2.1% Y/Y). Net earnings per average equivalent Class A share of $21,413. Net earnings per average equivalent Class B share of $14.28. Cash, cash
2025-11-01T11:47:02Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Every few months, I drive an hour to shop at Trader Joe’s for pantry staples. My family and I stock up on tomato basil marinara sauce for pasta dinners and homemade pizzas. I use Trader Joe’s unsweetened cocoa powder to make hot chocolate almost every night. I started shopping…
Crypto exchange MEXC has issued a public apology after freezing $3 million belonging to a well-known trader known as The White Whale, admitting it mishandled the case and releasing the funds following months of public backlash. Key Takeaways: MEXC apologized after wrongfully freezing $3 million from trader “The White Whale.” The issue gained attention after on-chain investigator ZachXBT intervened, prompting MEXC’s leadership to issue a public statement. MEXC plans to launch a “fast-track channel” for dispute resolution as it works to fix transparency and operational issues. The incident began in July, when MEXC froze the trader’s account, claiming he violated…
In October, Istanbul Airport was named the world’s best in a CN Traveler survey — but getting there wasn’t easy.It opened six years ago to replace Istanbul’s old airport, Atatürk Airport, which first opened in the 1950s, and was operating well above its planned capacity.”It handled like 60 million passengers, but it was originally designed for 40 million passengers. So, there were increased queues, delays, so on and so forth, plus very limited options for expansion,” Istanbul Airport CEO Selahattin Bilgen told Business Insider in an interview at London’s Savoy Hotel.After deciding to build a new airport from scratch, a…
Bitcoin (BTC) traded around $110,150, gaining around 0.72% over the past 24 hours. Traders seems to weigh mixed market signals heading into November. Despite short-term uncertainty, BTC’s long-term trajectory remains strong. It’s bolstered by institutional accumulation and corporate confidence. However, analysts caution that a dip below $100,000 could test market sentiment and shake investor confidence.Market momentum remains supported by corporate balance sheet expansion and institutional optimism. Strategy, the largest Bitcoin-holding company, confirmed it won’t pursue mergers or acquisitions for now, signaling focus on its core Bitcoin strategy. This clarity reassured investors, reflecting commitment to sustainable growth and transparent operations, two…
A chief investment officer told Business Insider there’s one thing about tariffs she’s watching really closely because of its potential impact on consumers: the closure of the so-called de minimis loophole.The de minimis exemption, which allowed packages worth under $800 to enter the country duty-free and without undergoing the formal customs process, ended in August.This closure could have major impacts for US consumers, Sinead Colton Grant, chief investment officer at BNY Wealth, told Business Insider in an interview.”The thing that we are watching really closely … is the elimination of the $800 exemption for imports because that hits a lot…
A federal appeals court in Denver has upheld the Federal Reserve’s right to deny crypto-focused bank Custodia access to a master account, delivering a major blow to the Wyoming-based institution’s years-long push to gain direct access to the US central banking system. Key Takeaways: The US Tenth Circuit Court of Appeals ruled that the Fed has the discretion to deny crypto-focused banks access to master accounts. Judge David Ebel wrote that the Fed’s authority to reject such requests is essential to “safeguard the financial system.” The ruling keeps crypto banks like Custodia locked out of Fed payment systems. In a…
Tuesday brought 14,000 job cuts and fresh AI concerns. By Thursday, investors were cheering.It was a turbulent week for Amazon and its CEO Andy Jassy, marked by historic layoffs and rising doubts about AI, followed by a swift 48-hour rebound that reassured investors. Wall Street is impressed — Amazon shares hit record highs on Friday — though questions remain.”Amazon isn’t perfect, and we are seeing increasing urgency in defending their cloud leadership position and reclaiming some of the unique culture,” Baird’s senior analyst Colin Sebastian told Business Insider. “Jassy’s strategy is proving successful, even if there are still some wrinkles…
Crypto markets are infamous for their unpredictability. Bitcoin (BTC) can surge by 20% overnight, only to lose the same amount by the morning. Traders, tethered to price charts and social media feeds, often find themselves caught in an endless cycle of hope, fear, and regret.It therefore shouldn’t come as a surprise that recent studies have found crypto trading to have a huge impact on mental health. An in-depth review from the National Library of Medicine (NLM) states, “Cryptocurrency trading seemingly mirrors the high-risk, high-reward nature of gambling, and may cause significant psychological challenges to traders.” The report from NLM studied…