Business Update

Beast Industries has acquired a banklike app for young people and could eventually offer a variety of financial services, including crypto. Source link

A huge number of Indians split their lives across the Arabian Sea — remitting $125 billion a year, supporting their families and the Indian economy. Source link

Joichi Ito’s involvement in a publicly funded Japanese initiative had come under scrutiny after new details revealed his close relationship with Jeffrey Epstein. Source link

Seeming to acknowledge critics’ complaints about the high cost of snow sports, the company is cutting the price of its 2026-2027 Epic Passes for younger skiers and snowboarders. Source link

The administration told a court on Monday that it was abandoning its defense of executive orders targeting the firms. But on Tuesday, the Justice Department abruptly changed its position. Source link

The new C.E.O. said the company would focus on home décor, apparel and pop culture trends in an effort to reverse years of sales declines. Source link

Polymarket users placed hundreds of bets of at least $1,000 predicting an imminent American strike, raising concerns about insider trading. Source link

Seafood Watch, long a source of advice on sustainable choices, is working to get restaurants to adopt its color-coded recommendations. Source link

Lending troubles at Blue Owl Capital and other so-called private credit behemoths are setting off fears of a “bank run,” as one hedge fund put it. Source link

For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course. Source link