1. Nike's world headquarters campus in Beaverton, Oregon
    Sneakers

    Nike Exits the S&P 100 on September 21 After Nearly 18 Years and a $200 Billion Decline

    S&P Dow Jones Indices will drop Nike from the S&P 100 before markets open on September 21, ending a run of nearly 18 years. Dell, Palo Alto Networks, Arista Networks and SanDisk take the open slots. Nike keeps its S&P 500 membership.

    ·2 min read
  2. A Nike store, as the company gave a cautious outlook after its fiscal fourth-quarter results.
    Sneakers

    Nike Guides to a 2%-4% Revenue Decline as Executives Warn on Demand

    Nike guided to a 2% to 4% revenue decline next quarter and warned that consumers are under pressure worldwide, with sportswear hit hardest, even as fiscal Q4 revenue of $10.97 billion beat estimates on a tariff refund.

    ·1 min read
  3. Illustration representing Open USD, the dollar stablecoin backed by Stripe, Visa, Coinbase and 140 firms.
    Technology

    Stripe, Visa, Coinbase and 140 Firms Launch Open USD to Challenge Circle and Tether

    A consortium of more than 140 firms — including Stripe, Visa, Mastercard, Coinbase, BlackRock and BNY — unveiled Open USD, a dollar stablecoin built to challenge Circle and Tether and share reserve revenue with partners. Circle shares fell more than 17%.

    ·1 min read
  4. Adam Demuyakor of Wilshire Lane Capital Joins Conduent Board, Effective June 1
    Technology

    Adam Demuyakor of Wilshire Lane Capital Joins Conduent Board, Effective June 1

    Conduent (NASDAQ: CNDT) appointed Adam Demuyakor — founder of VC firm Wilshire Lane Capital and vice chair of the Los Angeles Housing Authority — to its board, effective June 1. He joins the Compensation, Risk Oversight, and Corporate Governance committees.

    ·2 min read
  5. JPMorgan Reclassifies AI Spending as Core Infrastructure in $19.8B 2026 Budget
    Technology

    JPMorgan Reclassifies AI Spending as Core Infrastructure in $19.8B 2026 Budget

    JPMorgan moved AI off the experimental ledger and onto core infrastructure, anchoring a $19.8B 2026 tech budget. The dollar figure isn't the news. The accounting category is. Here's what changes when a top-five US bank decides AI sits next to the payment rails.

    ·3 min read
  6. Revolut Is Coming for the American Market — For Real This Time
    Finance

    Revolut Is Coming for the American Market — For Real This Time

    Revolut filed for a U.S. bank charter — again. This time it has $4B in revenue, a $75B valuation, and a White House that's actually open for business.

    ·2 min read
  7. How Uristocrats Can Own the AI Infrastructure Boom
    Technology

    How Uristocrats Can Own the AI Infrastructure Boom

    The real AI infrastructure bet isn't that AI gets big — the market already priced that in. It's that the physical and electrical buildout cycle is longer and more capital-intensive than current valuations reflect.

    ·6 min read
  8. The Intelligence Premium Is Narrowing. Here's What That Means for You.
    Technology

    The Intelligence Premium Is Narrowing. Here's What That Means for You.

    A Citrini Research thought experiment about AI wiping out white-collar work went viral on finance Twitter — and briefly moved markets. Here's what the Intelligence Displacement Spiral means for the top 20%.

    ·6 min read
  9. Understanding Change: Henry Ellenbogen on Investment Philosophy and AI's White-Collar Impact
    Technology

    Understanding Change: Henry Ellenbogen on Investment Philosophy and AI's White-Collar Impact

    Henry Ellenbogen built New Horizons Fund at 19% annual returns before founding Durable Capital — now he argues AI will reshape knowledge work the way China reshaped manufacturing.

    ·3 min read
  10. Travis Scott and Fragment Return with Air Jordan 1 Low OG
    Culture

    Travis Scott and Fragment Return with Air Jordan 1 Low OG

    The third chapter of the Travis Scott x Fragment collab arrives September 20th for $150: a white Air Jordan 1 Low OG with Military Blue accents, aged Sail midsoles, and Scott's reverse Swoosh.

    ·2 min read
  11. Worker Wages Still Trail Inflation Four Years Later
    Finance

    Worker Wages Still Trail Inflation Four Years Later

    Four years after inflation surged, American workers remain behind in real purchasing power—even as recent wage growth has outpaced inflation, the gap from the earlier spike has never fully closed.

    ·2 min read
  12. OpenAI Employees could participate in $6 Billion Liquidity Event at $500 Billion Valuation
    Finance

    OpenAI Employees could participate in $6 Billion Liquidity Event at $500 Billion Valuation

    OpenAI employees are negotiating a ~$6 billion share sale to SoftBank, Thrive Capital, and Dragoneer at a $500 billion valuation—a significant jump from OpenAI's current $300 billion mark.

    ·1 min read