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Business u0026 Finance

Why is coffee suddenly more expensive?

That Pumpkin Spice Latte is going to cost you a pretty penny this fall. If you are a connoisseur of fancy coffee and fancy coffee shops (or even just fancy-ish), you’ve probably noticed that the price of your favorite drink is higher than it used to be. Nowadays, the base price for a regular latte is something like $6, then maybe you add in vanilla syrup, which costs you an extra dollar, and ask for oat milk, which is a dollar more. You’re now staring at an $8 drink, plus taxes and, assuming you’re doing the right…

Taylor Swift, Travis Kelce, and the NFL are a match made in capitalist heaven

Whether or not Taylor Swift and Travis Kelce are a match made in heaven, Taylor Swift and the NFL certainly are, commercially speaking. As Swift makes appearances at Kansas City Chiefs games and rumors swirl that the pop star is dating the tight end, a marketing gold mine has sprung up. The buzz is inescapable, whether you’re a Taylor Swift fan, an NFL fan, both, or neither. Kelce’s jersey sales have spiked, as has the number of his Instagram followers. Game viewership has jumped as Swift fans tune in to catch a…

Michael Lewis explains the enigma of Sam Bankman-Fried and FTX

On October 3, the trial of Sam Bankman-Fried began at a federal court in New York City. SBF (as he’s more commonly known) is the disgraced founder of the crypto trading firm FTX. He was indicted last December by the FBI for defrauding customers to the tune of billions of dollars. Before he was charged, SBF was widely seen as a benevolent genius, some kind of digital-era Robin Hood, who was going to make obscene amounts of money and then give it all away to worthy causes. (Disclosure: In August 2022, Bankman-Fried’s…

Sam Bankman-Fried FTX trial: Former billionaire guilty of fraud

After just a few hours of deliberation, a New York jury on Thursday convicted Sam Bankman-Fried of fraud and conspiracy in the public flameout of his cryptocurrency exchange FTX, which stands accused of stealing as much as $10 billion from customers. Bankman-Fried, who gained international prominence as the disheveled crypto genius behind the exchange, which he founded in 2019, could be sentenced to decades in prison. The intense, five-week criminal trial unveiled the framework of deception that Bankman-Fried, 31, had…