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		<title>Meet the YouTube whisperers, a booming class of advisors behind MrBeast and other million-dollar channels</title>
		<link>https://lsd.hu/meet-the-youtube-whisperers-a-booming-class-of-advisors-behind-mrbeast-and-other-million-dollar-channels/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 10 May 2026 19:28:08 +0000</pubDate>
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					<description><![CDATA[When wildlife TV personality Forrest Galante sat down for his monthly call with YouTube consultant Paddy Galloway, he received some bad news. No more turtles. Galante has 2.5 million YouTube subscribers. He&#8217;s been producing wildlife programming for more than a decade, including a docuseries on Animal Planet and a show on the History Channel. He [&#8230;]]]></description>
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<p>When wildlife TV personality Forrest Galante sat down for his monthly call with YouTube consultant Paddy Galloway, he received some bad news.</p>
<p>No more turtles.</p>
<p>Galante has 2.5 million <a href="https://www.youtube.com/forrestgalante" target="_blank" rel="noopener">YouTube subscribers</a>. He&#8217;s been producing wildlife programming for more than a decade, including a docuseries on Animal Planet and a show on the History Channel. He owns his own production company. Generally speaking, Galante&#8217;s got a good feel for what his audience wants. </p>
<p>But it was Galloway, something of a guru in the still-burgeoning YouTube creator economy, who identified that whenever Galante showed turtles in his videos, viewer engagement dropped. It was consistent and significant.</p>
<p>&#8220;Maybe it&#8217;s just turtles are more commonplace and they&#8217;re kind of slow and they don&#8217;t really do much,&#8221; Galloway said in an interview. &#8220;We noticed three or four videos in a row, when Forrest was showing turtles, the viewers were just kind of disengaged, and they were leaving.&#8221;</p>
<p>This is the kind of insight that many of the most popular YouTube creators, including Jimmy Donaldson, known to the world as <a href="https://www.youtube.com/channel/UCX6OQ3DkcsbYNE6H8uQQuVA" target="_blank" rel="noopener">MrBeast</a>, and sports creator Jesse Riedel, also known as <a href="https://www.youtube.com/@Jesser" target="_blank" rel="noopener">Jesser</a>, have paid Galloway to provide. </p>
<p>As YouTube creatorship cracks open millions, or potentially even billions, of dollars for the most-watched personalities, Galloway has made a name for himself as one of the best of a growing class of YouTube consultants — a bona fide YouTube whisperer.</p>
<p>&#8220;I think he&#8217;s an absolute genius,&#8221; said Galante. </p>
<p>&#8220;Super smart guy,&#8221; Riedel told CNBC.</p>
<p>&#8220;I don&#8217;t want to say Paddy has changed my life completely,&#8221; said Humphrey Yang, a former financial advisor whose <a href="https://www.youtube.com/channel/UCFBpVaKCC0ajGps1vf0AgBg" target="_blank" rel="noopener">YouTube channel</a> has more than 2 million subscribers. &#8220;But he&#8217;s definitely helped a lot.&#8221;</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>YouTube&#8217;s media dominance</h2>
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<p>YouTube will showcase many of its top creators on Wednesday in New York City&#8217;s Lincoln Center for its annual upfront advertising presentation, which it calls Brandcast. Like YouTube&#8217;s influence in modern media, the event has grown in size and prestige every year as YouTube&#8217;s viewership share rises.</p>
<p>YouTube makes up 12.7% of all streaming in the U.S., according to Nielsen&#8217;s most recent &#8220;The Gauge&#8221; <a href="https://www.nielsen.com/data-center/the-gauge/" target="_blank" rel="noopener">report</a>. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-6">Netflix<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> is second with 8.4%, followed by <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">Disney<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> with 5%.</p>
<p>Sixty-seven million people consider themselves online content creators, according to a 2025 Goldman Sachs report. That number could rise to more than 100 million by 2030, Goldman estimates.</p>
<p>About 10,000 U.S. YouTube channels have more than 1 million subscribers, according to a YouTube spokesperson. For many of these creators, YouTube can be a lucrative full-time job. But to make a business out of the largely free platform, videos need to get consistent clicks — preferably in the millions.</p>
<p>With YouTube&#8217;s recommendation algorithm constantly evolving, many creators have been turning to strategists to maintain success on the platform.</p>
<p>&#8220;From zero [subscribers] to 1 million, you don&#8217;t need it, but from 1 million to 10 million, or 1 million to 100 million, you definitely need a strategist,&#8221; Aniket Mishra, a YouTube growth strategist, told CNBC.</p>
<p>In recent years, videos best watched on TV, rather than on mobile devices, have surged in popularity as YouTube has taken over more and more connected-TV viewing, rivaling subscription streaming services such as Netflix and Disney+. </p>
<p>Creators say the <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">Alphabet<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>-owned platform has responded by favoring longer videos, often exceeding 30 minutes. That shift means higher production value and bigger investment from creators. It also means the potential to earn more money.</p>
<p>Since 2021, YouTube has paid out over $100 billion to creators, and an increasing share of that money is flowing to those producing content for bigger screens, YouTube said. The number of channels earning more than $100,000 from TV screens jumped 45% year over year, the company reported.</p>
<p>Regardless, success on the platform remains a simple task of getting viewers through the door, and these strategists maintain that they are the best equipped to optimize a creator&#8217;s videos.</p>
<p>&#8220;The reason people pay us top dollar is because we have been doing it for the longest, and we have the best success rate,&#8221; Galloway said. &#8220;Our average increase in views after a year — so, year-on-year after working with us — is 350%.&#8221;</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"/>The YouTube whisperer</h2>
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<p>Galloway&#8217;s interest in YouTube consulting began out of self-interest. He started <a href="https://www.youtube.com/@paddygalloway8780" target="_blank" rel="noopener">posting YouTube videos</a> of his own in 2006, just a year after the service first began, and wanted to figure out why certain videos went viral so his own could gain popularity, he told CNBC. </p>
<p>Within a few years, Galloway&#8217;s search for the ingredients of virality became the subject of his videos. He began creating self-dubbed &#8220;YouTube Masterclass&#8221; videos such as &#8220;How Peter McKinnon gained 1 million subscribers in under 1 year&#8221; and &#8220;Here&#8217;s How Mr Beast BLEW UP &#8211; How He Grew His YouTube Channel.&#8221;</p>
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<p>YouTube personality Jimmy Donaldson, better known as MrBeast, arrives for the 36th Annual Nickelodeon Kids&#8217; Choice Awards at the Microsoft Theater in Los Angeles on March 4, 2023.</p>
<p>Michael Tran | Afp | Getty Images</p>
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<p>Galloway grew his channel to about 500,000 subscribers, and the videos got Donaldson&#8217;s attention. Galloway began working directly for Donaldson, providing him with strategy ideas. Donaldson is now the undisputed king of YouTube with 483 million subscribers. </p>
<p>Galloway worked with Riedel from 2021 through January of this year, encouraging him to change his focus from daily vlogs to bigger concept ideas that pulled in more viewers.</p>
<p>&#8220;He was like, &#8216;You need to make videos that anybody can enjoy,'&#8221; Riedel said. &#8220;A lot of my videos were personal joke after personal joke. Right in the intro, if you watched it and you didn&#8217;t know me or my jokes, you&#8217;d be like, &#8216;What am I watching?'&#8221;</p>
<p>After years of plateauing at roughly 3 million subscribers, Riedel saw his subscriber number begin to soar. Today, Riedel is the largest sports-focused creator on YouTube with more than 41 million subscribers.</p>
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<p>Content creator Jesser attends a game between the Brooklyn Nets and the Los Angeles Clippers at Intuit Dome in Los Angeles, Jan. 15, 2025.</p>
<p>Juan Ocampo | National Basketball Association | Getty Images</p>
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<p>Galloway&#8217;s secrets often center around two simple concepts: headline and thumbnail image.</p>
<p>&#8220;We will deliberate a title — just one title — for like 30 minutes,&#8221; said Yang, who&#8217;s worked with Galloway since early 2022. &#8220;Changing a couple of the words in the title can have a huge impact on how the actual video does.&#8221;</p>
<p>Galloway has a staff of seven people who analyze what&#8217;s working on YouTube and how to create the best content target to perform well on the platform. He also owns three other companies, including one, Upright Media, that helps with the production and editing of videos.</p>
<p>Galloway&#8217;s largest clients have daily Slack communication with his team to discuss thumbnails and to run detailed diagnostics of video performance. </p>
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<h2 class="ArticleBody-subtitle"><a id="headline2"/>What&#8217;s the return on investment?</h2>
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<p>At his peak, Galloway said, he had a waitlist of 5,000 people and was only able to work with about 10 clients at a time.</p>
<p>His services aren&#8217;t cheap.</p>
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<p>Paddy Galloway.</p>
<p>Courtesy: Paddy Galloway</p>
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<p>Galloway typically charges flat fees for his work &#8220;starting in the $15,000 a month range&#8221; he said, though rates can go &#8220;considerably higher&#8221; depending on the project. That price gets clients full-time service — &#8220;in the weeds with you every day,&#8221; he said.</p>
<p>&#8220;It was like, &#8216;Oh my god, we&#8217;re paying this big amount of money for this unknown factor, will we ever get a return?&#8221; said Galante, of the turtle-light wildlife videos. </p>
<p>Strategist Mishra said he works primarily with business owners who have built YouTube channels around their products or services. He said he charges between $1,500 and $12,000 a month, depending on how much work he takes on, and said the creators who hire him have already figured out the basics on their own and hit a ceiling. </p>
<p>Mishra said his advice is often to study what is already working in a certain niche and replicate it.</p>
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<p>American wildlife biologist Forrest Galante watches a wild crocodile caught in a motorcycle tire on the Palu River, Central Sulawesi, Indonesia, March 11, 2020.</p>
<p>Mohamad Hamzah | Nurphoto | Getty Images</p>
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<p>&#8220;Copy with taste,&#8221; he said. &#8220;It&#8217;s very important that you have some kind of unique angle, but make sure the formatting of the videos, the pacing and everything else is similar to an outlier idea that is already proven in the niche.&#8221;</p>
<p>And while these strategists can&#8217;t promise guaranteed subscribers or views, they say their value lies in familiarity with what the platform rewards. </p>
<p>&#8220;What I do is I promise you knowledge, and hopefully with enough knowledge, growth comes next,&#8221; said Mario Joos, who spent nearly three years as retention director for MrBeast. &#8220;The algorithm will just reward what people want to watch.&#8221;</p>
<p>Though the highest level of advisory services can run into the thousands of dollars, an initial call with a YouTube coach can cost as little as $250, Joos said. He described the next level of service as &#8220;consultant&#8221; — someone who is providing advice but not actually helping a creator implement it. That&#8217;s Joos&#8217; role today, he said.</p>
<p>The final rung is pure strategist — a role Joos had when he was working with MrBeast, he said, and the rung Galloway falls into. </p>
<p>&#8220;Now it&#8217;s not just like you&#8217;re telling the creator to execute on the knowledge. You are applying the knowledge,&#8221; said Joos. &#8220;You leave notes on videos. You go through the ideation process. And when there&#8217;s 100 ideas on the table, you look into them, you think about them, and you may even come up with the ideas. So that&#8217;s what a strategist does there. They have expertise.&#8221;</p>
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<h2 class="ArticleBody-subtitle"><a id="headline3"/>YouTube&#8217;s evolving trends</h2>
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<p>For YouTube&#8217;s most popular creators, the platform offers some consultant-like services for free, including thumbnail art guidance, guest ideas and suggestions for video introductions, according to Reed Fernandez, a strategic partner manager for YouTube&#8217;s top creators since 2021.</p>
<p>Fernandez is one of several hundred strategic partner managers for YouTube around the world who focus on the top 10% of YouTube creators. Fernandez&#8217;s specific team works with about 100 creators in the U.S., he said. Some of his clients include Brittany Broski, Dude Perfect and Alix Earle. </p>
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<p>Brittany Broski at VidCon 2022 in Anaheim, California, June 23, 2022.</p>
<p>David Livingston | Getty Images Entertainment | Getty Images</p>
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<p>Fernandez&#8217;s team typically approaches the creators it wants to help, based on perceived growth opportunity on the platform, Fernandez said. That makes the partnership beneficial for both YouTube and the individual creator, boosting overall engagement on the site.</p>
<p>&#8220;We&#8217;re looking for things like: Do we see them growing a lot year over year? We think they&#8217;re a big bet that we should try to put our full force behind to help them succeed on the platform,&#8221; said Fernandez.</p>
<p>Beyond consultant services, YouTube also connects some of these creators with speaking events and press junkets to extend reach and boost awareness.</p>
<p>Fernandez&#8217;s team can also offer insider tips on monetization, he said. He used the example of a creator whose videos were consistently just under the 8-minute threshold to qualify for mid-roll advertisements. Making their videos just 30 seconds longer, he told the creator, could make a significant difference in their earnings.</p>
<p>But even with YouTube&#8217;s internal support, many creators still turn to outside strategists to go deeper on the technical side.</p>
<p>When a viewer clicks on a YouTube video, watches it through, shares it or leaves a comment, YouTube registers that as a positive signal of interest. Videos that consistently generate those responses get surfaced more broadly and pushed onto the homepage, into recommendations and in front of new audiences.</p>
<p>Joos said his expertise sits specifically in retention, understanding not just whether a video performs, but exactly when viewers stop watching and why. </p>
<p>YouTube Studio, the backend dashboard that gives creators detailed statistics on their content, includes a retention chart that tracks audience drop-off. YouTube strategists use that data to inform everything from pacing decisions to keeping the viewer engaged until the end of the video.</p>
<p>Gabriel Leblanc-Picard, co-founder of Upload Strategy and the former head of ideation for MrBeast, said simplicity is the most reliable formula for success on the platform.</p>
<p>&#8220;Dim it down to like, if a 6-year-old could understand it,&#8221; he said. &#8220;People don&#8217;t want to watch something that is complicated, even the language that you use.&#8221;</p>
<p>During his time at MrBeast, Leblanc-Picard said he filtered through roughly 10,000 ideas, constantly looking for concepts that could expand the channel&#8217;s audience. One challenge he was given: Attract more female viewers to a channel whose fanbase he described as mostly &#8220;11-year-old boys.&#8221;</p>
<p>His answer was to develop a video about being stranded in the woods with an ex-girlfriend. </p>
<p>A video titled &#8220;Survive 30 Days Stranded With Your Ex, Win $250,000&#8221; was posted in March and has already surpassed 120 million views.</p>
<p>&#8220;At the end of the day, you&#8217;re making content for people,&#8221; Leblanc-Picard said. &#8220;The algorithm will reward what people want to watch.&#8221;</p>
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		<title>Basic business class is here with new, stripped-down United Polaris fares</title>
		<link>https://lsd.hu/basic-business-class-is-here-with-new-stripped-down-united-polaris-fares/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 05 Apr 2026 01:56:29 +0000</pubDate>
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					<description><![CDATA[United Airlines new Polaris seat on one of its Boeing 787 Dreamliners Leslie Josephs/CNBC Does it matter where you sit if you&#8217;re sipping Champagne in first class? United Airlines is betting that for some travelers looking for luxury at a discount, it doesn&#8217;t. The carrier is launching new, cheaper tiers for its top-end Polaris and [&#8230;]]]></description>
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<p>United Airlines new Polaris seat on one of its Boeing 787 Dreamliners</p>
<p>Leslie Josephs/CNBC</p>
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<p>Does it matter where you sit if you&#8217;re sipping Champagne in first class? <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">United Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> is betting that for some travelers looking for luxury at a discount, it doesn&#8217;t.</p>
<p>The carrier is launching new, cheaper tiers for its top-end Polaris and premium economy cabins that come with many of the same perks — but plenty of restrictions too.</p>
<p>Starting this spring, United will offer &#8220;Base&#8221; Polaris fares which will include a spot in the airline&#8217;s long-haul business class cabins featuring lie-flat seats, but will charge those customers extra for advanced seat selection. </p>
<p>The new ticket class will also come with only one checked bag instead of two, and with access to the United Club airport lounge but not the higher-end Polaris lounge, which include showers and other plush features. Ticket changes aren&#8217;t allowed.</p>
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<h2 class="RelatedContent-header">Read more about airlines&#8217; race to win over big spenders</h2>
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<p>The other categories for Polaris will be &#8220;Standard&#8221; and the more expensive &#8220;Flexible&#8221; option that allows for customers to pay up for the new, more spacious Polaris Studio suites.</p>
<p>The new fares show that United — and perhaps soon, other airlines — are dividing up the front of the plane into smaller categories, just as they have with coach over the past decade, from restrictive basic economy tickets to extra legroom fares. </p>
<p>United&#8217;s new strategy comes as it overhauls its nearly decade-old Polaris class with new suites that feature sliding doors and bigger screens, while customers continue to show their willingness to pay more to fly in better seats. United and its competitors have been racing to add more premium seating on its planes, sometimes removing some economy seats to do so.</p>
<p>A spokeswoman for United said customers in Base Polaris would get the same meals — including ice cream — as other passengers in the cabin. She declined to say what the price differences between the fares will be, but said the Base Polaris fare is meant to be an entry-level point for the premium class.</p>
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<p>United is also launching similar segmentation for its premium economy class, Premium Plus. </p>
<p>The new options will be available in certain markets starting this month and will expand to other international and long-haul domestic markets later this year, United said.</p>
<p>Rival <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-4">Delta Air Lines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> last year said it was also considering segmenting front-of-the-plane cabins.  </p>
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		<title>Watch Fed Chair Jerome Powell speak live to an economics class at Harvard</title>
		<link>https://lsd.hu/watch-fed-chair-jerome-powell-speak-live-to-an-economics-class-at-harvard/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sat, 04 Apr 2026 13:20:26 +0000</pubDate>
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					<description><![CDATA[[The stream is slated to start at 10:30 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] Federal Reserve Chair Jerome Powell speaks Monday to the Harvard University Principles of Economics class. This will be one of Powell&#8217;s final scheduled [&#8230;]]]></description>
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<p><em><strong>[The stream is slated to start at 10:30 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.]</strong></em></p>
<p>Federal Reserve Chair Jerome Powell speaks Monday to the Harvard University Principles of Economics class.</p>
<p>This will be one of Powell&#8217;s final scheduled public appearances before his term ends in May. The discussion comes with markets anticipating the central bank will be on hold regarding interest rates through the end of the year.</p>
<p>In his most recent comments, Powell characterized the economy as growing at &#8220;a solid pace&#8221; and said he is not concerned with worries of stagflation, low growth with high inflation. However, he noted that policymakers are taking a cautious approach as multiple factors play out this year, including the Iran war, tariffs and a stagnant labor market.</p>
<p>Powell&#8217;s term ends officially on May 15, and there is only one more policy meeting between now and then. However, it&#8217;s possible he will stay in the position longer if the Senate does not confirm is designated successor, former Governor Kevin Warsh. </p>
<p>The nomination currently is being held up in the Senate Banking Committee as U.S. Attorney Jeanine Pirro continues an investigation into the renovations at the Fed&#8217;s headquarters. A judge already has quashed a subpoena Pirro&#8217;s office sent to Powell, though she is appealing that decision.</p>
<p><em>Read more</em>:<br /><strong>Recession odds climb on Wall Street as economy shows cracks beneath the surface</strong><br /><strong>Fed&#8217;s Goolsbee says he&#8217;s worried about inflation in &#8216;fraught but intense&#8217; climate</strong><br /><strong>Fed Governor Waller urges caution for now, says rate cuts possible later in the year</strong></p>
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		<title>Nobel laureate Joe Stiglitz says not only can AI take your job, it’ll make the ‘tech bro’ class richer while doing so &#124; Fortune</title>
		<link>https://lsd.hu/nobel-laureate-joe-stiglitz-says-not-only-can-ai-take-your-job-itll-make-the-tech-bro-class-richer-while-doing-so-fortune/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sat, 07 Mar 2026 02:00:57 +0000</pubDate>
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					<description><![CDATA[As professor Joseph Stiglitz sees it, AI is not just another technology wave—it’s a force that can erode jobs and hardwire a new era of inequality. That is, unless governments and institutions deliberately push it in a different direction.  AI lets firms strip labor out of production, concentrate profits at the top, and push the [&#8230;]]]></description>
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<p>As professor Joseph Stiglitz sees it, AI is not just another technology wave—it’s a force that can erode jobs and hardwire a new era of inequality. That is, unless governments and institutions deliberately push it in a different direction. </p>
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<p>AI lets firms strip labor out of production, concentrate profits at the top, and push the risks of transition onto workers and the public—exactly the trajectory the Nobel laureate warns about in his 2024 book, the recently reissued <em>The Road to Freedom</em>: <em>Economics and the Good Society. </em>Now, the economics professor argued in a recent interview with <em>Fortune,</em> AI is emerging as a textbook case of how technology can turbocharge inequality.</p>
<p>“If we don’t do anything about managing AI, there is a threat that it will lead to more inequality,” Stiglitz said. “And since inequality is such a bad, serious problem in our society, that is a great concern to me.”</p>
<p>Stiglitz has spent his career watching capitalism fail the people it was supposed to serve. He’s studied financial crises, globalization’s broken promises, and the slow hollowing out of the American middle-class. Now, at 83, he is watching the next chapter unfold in real time—and he is not optimistic.</p>
<h2 class="wp-block-heading"><strong>The ‘tech bros’ are pulling up the ladder</strong></h2>
<p>Here’s where the politics get truly combustible: The very people driving AI adoption are simultaneously leading the charge to shrink the governmental institutions that could cushion AI’s disruption. For Stiglitz, this isn’t a contradiction—it’s a strategy.</p>
<p>“Unfortunately, the tech bros, who are obviously advocates of this, are at the same time pushing for smaller government, which will undermine the ability of the government to do exactly what is needed in order to make a successful transition,” he said. </p>
<p>The result, he argued, is a self-fulfilling trap: “If the tech oligarchs continue in their mindset overall of downscaling government, that will impair the ability of government to facilitate the AI transition. And you know, that’s the central boundary that we’re facing—that they are creating the conditions that make it impossible for a successful AI transition.”</p>
<p>The government “needs to to provide support for helping people move from where they’re no longer needed to where they might be more productive,” Stiglitz offered.</p>
<p>However, government regulation stands directly in the way of what most company owners are looking to do: reduce overhead expenses and drive the bottom line. Technology strategist Daniel Miessler recently argued that “the ideal number of human employees inside of any company is zero.” For owners, labor has always been a cost center; AI is the first technology that credibly promises to hollow it out entirely. That is the inequality Stiglitz has been describing for years. Stiglitz’s answer is that, right now, no one with power is listening.</p>
<p>Even those at the top of the financial system are starting to say it out loud. BlackRock CEO Larry Fink, speaking at Davos earlier this year, made a similar observation, noting AI’s “early gains are flowing to the owners of models, owners of data, and owners of infrastructure.” Meanwhile, the bottom half of Americans, who own about 1% of stock market wealth, are nowhere near the table. Fink asked plainly: What happens to everyone else if AI does to white-collar workers what globalization did to blue-collar workers? The answer, he implied, could be capitalism’s next big failure.</p>
<p>Stiglitz said this sounded familiar. “In the Great Depression, it was partly a success of agriculture. We increased productivity enormously. We didn’t need as many farmers, but we had no ability to move people out of the rural sector, and we finally did it in World War II. But it was government intervention as a result of the war that resolved that problem. We don’t have the institutional framework for doing that.”</p>
<p>The numbers already tell the story. Bank of America Institute economists have found that recent productivity gains are piling up as corporate profits, with labor income steadily falling as a share of U.S. GDP—a pattern that mirrors the 19th-century Industrial Revolution, when factory owners grew fabulously wealthy while workers’ wages stagnated for decades. </p>
<p>Gallup found most American workers distrust AI and fear for their jobs, while executives wildly overestimate how enthusiastic their staff actually is about it. The gap between who gains and who loses from AI, in other words, is not a future risk. It is already here.</p>
<h2 class="wp-block-heading"><strong>There is another way</strong></h2>
<p>In <em>The Road to Freedom</em>, Stiglitz argues when money dominates politics, policy systematically favors the already powerful, and market “freedom” becomes a cover story for entrenching inequality. Genuine freedom, Stiglitz says, is not simply the absence of government interference—it is the presence of institutions strong enough to check concentrated private power and ensure that economic gains are shared broadly. A society where AI supercharges the wealth of platform owners while stripping opportunity from the middle-class is not, by his definition, a free one. It is an oligarchy with better technology.</p>
<p>Stiglitz is not a doomsayer. He uses AI himself to help with research. But he frames it differently, like someone pulling records rather than as a source of judgment: “I view AI as augmenting my abilities. It’s sort of like having a team of research assistants, but faster.”</p>
<p>Stiglitz explained it’s not AI but rather, IA. “IA is intelligence assisting,” he said. “I gave the analogy of the microscope and telescope—it sort of made our eyes see things that we couldn’t otherwise see. So they augmented our capabilities.” In his own research, AI helps him survey the literature, find sources, and stimulate new lines of thinking. “It is an amazing research tool,” he acknowledged, “but it’s not a substitute for thinking.”</p>
<p>The difference between IA—a tool that serves people—and AI as a displacement engine is not technological. It is political. It comes down to who controls the technology, who captures the gains, and whether public institutions are strong enough to insist on a fair distribution. In a country where money shapes politics, Stiglitz is not holding his breath. “Economic inequality can be reinforced into political inequality,” he warned.</p>
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		<title>Are collectibles a viable asset class? The buyer of the $16.5 million Pokémon card thinks so</title>
		<link>https://lsd.hu/are-collectibles-a-viable-asset-class-the-buyer-of-the-16-5-million-pokemon-card-thinks-so/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Wed, 25 Feb 2026 21:33:06 +0000</pubDate>
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					<description><![CDATA[Pokemon &#8220;Pikachu Illustrator&#8221; Trainer Promo Hologram Trading Card Source: Ha.Com Social media influencer and wrestler Logan Paul made history last week when he auctioned and sold a rare Pokémon card for $16.5 million, a world record price for an auctioned trading card. The winner views it as an investment. AJ Scaramucci — son of investor [&#8230;]]]></description>
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<p>Pokemon &#8220;Pikachu Illustrator&#8221; Trainer Promo Hologram Trading Card</p>
<p>Source: Ha.Com</p>
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<p>Social media influencer and wrestler Logan Paul made history last week when he auctioned and sold a rare Pokémon card for $16.5 million, a world record price for an auctioned trading card. The winner views it as an investment.</p>
<p>AJ Scaramucci — son of investor and former White House communications director Anthony Scaramucci — won the bidding war for the &#8220;Pikachu Illustrator&#8221; card, made in 1998 and one of only an estimated few dozen<strong> </strong>to exist. </p>
<p>It&#8217;s the crowning achievement in the Solari Capital founder&#8217;s short collecting career, which started with trading cards during the COVID-19 pandemic. </p>
<p>&#8220;I mean, Picassos are great,&#8221; he said in an interview, explaining the Illustrator card&#8217;s importance. &#8220;But Pokémon means way more than just a Picasso painting to people.&#8221;</p>
<p>After winning, Scaramucci said the card&#8217;s purchase was the first action in what will be, as he dubbed, a &#8220;planetary treasure hunt.&#8221; He said the goal, which he is embarking on with his younger brother, is to collect a number of real-world, scarce assets across varying categories. </p>
<p>Trading card markets have exploded in recent years. According to data from Card Ladder, an analytics firm that tracks trading card prices and sales, the monthly sales volume in secondary trading has nearly doubled in the last two years.</p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">EBay<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> CEO Jamie Iannone in the company&#8217;s earnings call last week detailed that the largest contributor to gross merchandise volume growth in the fourth-quarter were collectibles, particularly &#8220;driven by continued strength in trading cards.&#8221;</p>
<p>Paul himself bought the illustrator card in 2021 for nearly $5.3 million, indicating he sold it with a more than 200% return. Card Ladder&#8217;s &#8220;Pokémon index&#8221; has grown 145% in the past year. Compare those gains to the <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">S&amp;P 500<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, which is up 15.2% in the past year. Or compare it to &#8220;Magnificent Seven&#8221; darling Alphabet, which is up 73.4% in the past year. </p>
<p>&#8220;Especially in 2025, the growth has been astronomical,&#8221; said Ken Goldin, founder and CEO of Goldin Auctions, which is owned by eBay. Goldin ran the auction for the illustrator card last week. &#8220;We have people who are buying solely either because they absolutely love it or they firmly believe that trading cards and collectibles are a legitimate alternative asset class.&#8221;</p>
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<p>AJ Scaramucci, founder and Managing Partner at Solari Capital, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 15, 2021.</p>
<p>Brendan McDermid | Reuters</p>
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<p>Scaramucci is someone who is buying Pokémon cards for both of those reasons: his own pleasure and the investment potential. </p>
<p>&#8220;The compounded annual growth rate of these cards is out of control,&#8221; he said. &#8220;And they should be treated as investments because that&#8217;s what they are. It&#8217;s just obvious.&#8221;</p>
<p>Scaramucci added the cards are a way to play the &#8220;debasement trade,&#8221; where investors fearful of countries devaluing their currencies move money into hard assets. </p>
<p>Viewing collectibles as an alternative asset is not new, even if unorthodox. </p>
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<p>Other collectibles like wine and art have been used in the past for portfolio diversification.</p>
<p>Photo: Image Source | Getty Images</p>
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<p>Paul Karger, co-founder and managing partner at wealth advisory firm TwinFocus, said he works with clients who collect art, wine, watches and even guitars. But while some view these items as investments, Karger wouldn&#8217;t advise clients to get into that mentality. </p>
<p>&#8220;Think of it as a passion first, and kind of an investment second,&#8221; he said. &#8220;You hope they go up over time, but they&#8217;re absolutely not a replacement to financial assets, it&#8217;s just maybe a complement at the margin.&#8221;</p>
<p>Karger warned that the illiquid nature of collectibles, and the dependency they have on others determining their worth, often via auctions, are added risks. </p>
<p>Kaycee LeCong, managing director of the family office at Brighton Jones Wealth Management, also noted a risk is that capital gains on collectibles are taxed at 28%, higher than capital gains taxes on stocks that are around 15% and 20%.</p>
<p>Despite the risks, Goldin projects more people will view collectibles, particularly trading cards, as alternative assets. He said as more headlines come about detailing major sales — like that of Paul&#8217;s — and price discovery becomes easier to do with more data, it will only attract more participants. </p>
<p>Scaramucci will embark on his treasure hunt through a new company called Treasure Trove. However, he did not disclose any details about what that company will be nor how it will operate, beyond that it will receive funding from Solari Capital. Scaramucci also didn&#8217;t disclose if he plans to sell the Illustrator card, or any other of his collectibles, if it grows more in value. </p>
<p>And while Scaramucci said he&#8217;d like to obtain the Declaration of Independence as part of his hunt after he won the Illustrator card, he acknowledged to CNBC that it&#8217;s a goal that will take much work to achieve while not addressing a plan on how to do it. </p>
<p>But at the moment, the lack of clarity in his future plans is the point. </p>
<p>&#8220;For now, if you think I&#8217;m just a crazy person buying up real-world, scarce assets,&#8221; he said, &#8220;that&#8217;s all you need to know.&#8221;</p>
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		<title>Gen Z&#8217;s latest revolt over Jeffrey Epstein: pointing out a connection to the company that takes class photos &#124; Fortune</title>
		<link>https://lsd.hu/gen-zs-latest-revolt-over-jeffrey-epstein-pointing-out-a-connection-to-the-company-that-takes-class-photos-fortune/</link>
		
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		<pubDate>Sat, 14 Feb 2026 18:55:20 +0000</pubDate>
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					<description><![CDATA[Some school districts in the U.S. dropped plans for class pictures after widespread social media posts linked a billionaire with ties to Jeffrey Epstein to the photography giant Lifetouch, which on Friday called the claims “completely false.” The disruption to school picture plans in Texas and elsewhere began after online posts linked Lifetouch, which photographs millions of [&#8230;]]]></description>
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<br /><img decoding="async" src="https://fortune.com/img-assets/wp-content/uploads/2026/02/school-photo-e1771088670832.png?w=2048" alt="school photo e1771088670832" title="Gen Z&#039;s latest revolt over Jeffrey Epstein: pointing out a connection to the company that takes class photos | Fortune 8"></p>
<p>Some school districts in the U.S. dropped plans for class pictures after widespread social media posts linked a billionaire with ties to <a aria-label="Go to https://apnews.com/hub/jeffrey-epstein" href="https://apnews.com/hub/jeffrey-epstein" target="_blank" rel="noopener">Jeffrey Epstein</a> to the photography giant Lifetouch, which on Friday called the claims “completely false.”</p>
<div>
<p>The disruption to school picture plans in Texas and elsewhere began after online posts linked Lifetouch, which photographs millions of students each year, to the investment fund manager Apollo Global Management. Apollo’s former CEO is billionaire investor Leon Black, who met regularly with Epstein and was advised by Epstein on financial matters.</p>
<p>Black led the company in 2019, when funds managed by Apollo bought Lifetouch’s parent company, Shutterfly. The $2.7 billion deal closed in September 2019 — a month after Epstein’s death by suicide behind bars as he awaited trial over allegations from federal prosecutors that he sexually abused and trafficked dozens of girls.</p>
<p>Both Lifetouch and Apollo noted that timeline in statements Friday, two days after Lifetouch CEO Ken Murphy said in an Instagram post that neither Black nor any of Apollo’s directors or investors ever had any access to Lifetouch photos.</p>
<p>“No Lifetouch executives have ever had any relationship or contact with Epstein and we have never shared student images with any third party, including Apollo,” Lifetouch said in its statement Friday. “Apollo and its funds also have no role in Lifetouch’s daily operations and have no access to student images.”</p>
<p>The canceled school pictures are another ripple effect over the release of millions of files from the Epstein investigation, including documents showing Epstein’s regular contacts with CEOs, journalists, scientists and prominent politicians long after a 2008 conviction on sex crimes charges.</p>
<p>In the small Texas town of Malakoff, the local school district canceled a student picture day after several parents told the district they weren’t comfortable with Lifetouch photographing their children, spokesperson Katherine Smith said in a statement e-mailed Friday. Several other schools and districts in Texas also canceled or changed plans, as well as a charter school in Arizona, according to Facebook announcements posted by the schools.</p>
<p>“We decided our students and families would be best served by keeping all of our pictures in-house for the rest of this year, and we are looking at all of our options for the 2026-2027 school year,” Smith said.</p>
<p>Parents concerned about Lifetouch included MaKallie Gann, whose children attend schools in Howe, about 60 miles (97 kilometers) north of Dallas. She said she was worried about how much information Lifetouch collects on students.</p>
<p>“Whenever you order the pictures, it has their name. It has the age, of course. It has their grade, their teacher, the school that they’re in,” she said.</p>
<p>No evidence of Epstein or anyone in his orbit seeing Lifetouch photos has emerged from news organizations’ review of <a aria-label="Go to https://apnews.com/article/epstein-files-justice-department-trump-elon-df33d7b80ec6c0bdb2d55564ab3a59fc" href="https://apnews.com/article/epstein-files-justice-department-trump-elon-df33d7b80ec6c0bdb2d55564ab3a59fc" target="_blank" rel="noopener">thousands of documents released this month</a> by the U.S. Department of Justice, though there are at least 1.7 million records.</p>
<p>The review shows Black’s name appeared 8,200 times, though that figure likely includes some duplicate records. <a aria-label="Go to https://www.apollo.com/insights-news/pressreleases/2021/03/marc-rowan-assumes-role-of-ceo-of-apollo-110105826" href="https://www.apollo.com/insights-news/pressreleases/2021/03/marc-rowan-assumes-role-of-ceo-of-apollo-110105826" target="_blank" rel="noopener">Black stepped down</a> as Apollo’s CEO in March 2021, saying he wanted to focus on his family, health, and “many other interests.”</p>
<p>That was two months after a committee of the company’s board <a aria-label="Go to https://www.apollo.com/insights-news/pressreleases/2021/01/apollo-global-management-announces-conclusion-and-release-of-independent-review-211549270" href="https://www.apollo.com/insights-news/pressreleases/2021/01/apollo-global-management-announces-conclusion-and-release-of-independent-review-211549270" target="_blank" rel="noopener">issued a report</a> concluding that Epstein had advised Black personally on estate planning, tax issues, charitable giving and running his “family office,” but provided no services to Apollo or invested in no Apollo funds.</p>
<p>The report also said the review — which Black requested — found “no evidence” that he was involved with Epstein’s alleged criminal activities “in any way” or “at any time.” </p>
<p>___</p>
<p>Hanna reported from Topeka, Kansas. Also contributing was Associated Press writer Jack Dura in Bismarck, North Dakota.</p>
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		<title>How 2026 is shaping up for Indian investors? Gurmeet Chadha shares his asset class view</title>
		<link>https://lsd.hu/how-2026-is-shaping-up-for-indian-investors-gurmeet-chadha-shares-his-asset-class-view/</link>
		
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		<pubDate>Sat, 10 Jan 2026 13:43:05 +0000</pubDate>
				<category><![CDATA[Stock]]></category>
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					<description><![CDATA[As the global macroeconomic landscape shifts, investors may be looking to rebalance portfolios for the year ahead. From equities to precious metals and bonds, the asset allocation strategy for 2026 is already taking shape. Gurmeet Chadha, Managing Partner and Chief Investment Officer at Complete Circle Consultants, has shared a snapshot of how different asset classes [&#8230;]]]></description>
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<div data-brcount="24">As the global macroeconomic landscape shifts, investors may be looking to rebalance portfolios for the year ahead. From equities to precious metals and bonds, the asset allocation strategy for 2026 is already taking shape.</p>
<p>Gurmeet Chadha, Managing Partner and Chief Investment Officer at Complete Circle Consultants, has shared a snapshot of how different asset classes are expected to perform, based on recent interactions with senior portfolio managers, investors, and promoters.</p>
<p>Chadha’s insights come at a time when multiple triggers, from domestic policy actions to global developments, are likely to influence market sentiment. His outlook provides a nuanced view on where opportunities and caution zones lie, helping investors align their strategies across Indian and global equities, bonds, and commodities.</p>
<div data-type="twitter" data-handle="connectgurmeet" data-handlename="connectgurmeet" data-favoritecount="0" data-retweetcount="0" data-id="2009947432478790038">
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<blockquote class="twitter-tweet" lang="en"><p>— connectgurmeet (@connectgurmeet) <a data-ga-onclick="Inarticle articleshow link click#Markets#href" href="https://twitter.com/connectgurmeet/status/2009947432478790038" rel="nofollow noopener" target="_blank"></p></blockquote>
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<h2>Indian equities: A constructive setup</h2>
<p>According to Chadha, Indian equities may be better positioned in 2026, especially following interest rate cuts and tax reforms. He notes that markets typically respond well to such structural moves, albeit with a lag.</p>
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<h3 class="logoTitle">Live Events</h3>
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<p>“Valuations have seen both price and time correction, making the setup for 2026 relatively constructive,” he said. Among the key triggers he identifies are the EU-India Free Trade Agreement, the Union Budget, and corporate earnings.</p>
<p></p>
<h2>Precious metals: Caution advised on silver</h2>
<p>Chadha advises caution in the precious metals segment, particularly with silver. He suggests that investors maintain a balanced exposure, recommending a 5–10% allocation in gold and silver combined.</p>
<p>“Be cautious, especially on silver. Don’t go overboard,” he remarked, pointing to the heightened volatility in the space.</p>
<h2>Global equities and AI trade: Moderation ahead</h2>
<p>On the global equity front, Chadha expects a more tempered outlook in 2026. He believes the AI trade, which saw considerable momentum in recent months, may witness some profit-taking or moderation going forward.</p>
<h2>Bonds: Long duration may outperform</h2>
<p>Chadha sees potential in long-duration bonds, noting that some volatility could be offset by structural triggers. He highlights India’s possible inclusion in the global bond index on January 14 (a move he believes has a high probability) as a key catalyst, along with relatively better fiscal health.</p>
<p>(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)</p>
</div>
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		<title>Behind the mesh curtain: Why airline class wars will intensify in 2026</title>
		<link>https://lsd.hu/behind-the-mesh-curtain-why-airline-class-wars-will-intensify-in-2026/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Fri, 02 Jan 2026 13:42:49 +0000</pubDate>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">https://lsd.hu/behind-the-mesh-curtain-why-airline-class-wars-will-intensify-in-2026/</guid>

					<description><![CDATA[Planes line up on the tarmac at LaGuardia Airport on November 10, 2025 in New York City. Spencer Platt &#124; Getty Images News &#124; Getty Images From Spirit Airlines&#8217; fight for survival to American Airlines&#8216; planned glow-up, from new international routes and brand-new airport lounges to stingier frequent flyer policies, class divides in the sky [&#8230;]]]></description>
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<p>Planes line up on the tarmac at LaGuardia Airport on November 10, 2025 in New York City.</p>
<p>Spencer Platt | Getty Images News | Getty Images</p>
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<p>From Spirit Airlines&#8217; fight for survival to <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">American Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>&#8216; planned glow-up, from new international routes and brand-new airport lounges to stingier frequent flyer policies, class divides in the sky will intensify in 2026.</p>
<p>Airlines went into 2025 upbeat: <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-7">Delta Air Lines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> CEO Ed Bastian forecast a record year for the century-old carrier. But concerns about President Donald Trump&#8217;s trade war, skittish consumers and an oversupply of domestic seats brought U.S. airfare down and weighed on industry profits.</p>
<p>&#8220;It&#8217;s the airline version of the K-shaped economy. Monetize the top of the K and minimize the shortfall at the bottom,&#8221; said Robert Mann, who has worked at several airlines and is president of aviation consulting firm R.W. Mann &amp; Co. </p>
<p>Now, the leaders of the country&#8217;s biggest airlines are putting even more focus on customers who will pay extra for their tickets in exchange for a little more space or other perks like earlier boarding and access to never-sufficient overhead bin space.</p>
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<p>The view into American Airlines first-class cabin on a Boeing 737.</p>
<p>Leslie Josephs/CNBC</p>
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<p>They still face continued problems, like a shortage of air traffic controllers and aging infrastructure. Despite billions of additional federal spending to fix some of the problems, major improvements will take years.</p>
<p>Mann said airlines need to do more to improve reliability. U.S. carriers had a 77% on-time rate, according to the Department of Transportation, which defines on-time as arrival within 15 minutes of the schedule.</p>
<p>&#8220;When the flight is late or canceled, it doesn&#8217;t matter if you&#8217;re at the top of the K or the bottom of the K,&#8221; he said.</p>
<p>Here&#8217;s how the next year is shaping up for the airline industry:</p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline0"/>Winners take (almost) all</h2>
<div class="group">
<p>Through the first nine months of the year, Delta and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-15">United Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> accounted for nearly all of U.S. airline profits. </p>
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<p>It&#8217;s an industry divide that&#8217;s been brewing for years, further fueled by a surge in costs and shifting consumer tastes as wealthier travelers have increased their share of overall spending.</p>
<p>While the economy has been resilient for the most part, any weakening in 2026 could have an outsize effect on more price-sensitive consumers and, therefore, airlines that are more exposed to coach-class domestic travel, like lower-cost carriers.</p>
<p>Those airlines have been making moves of their own. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-17">JetBlue Airways<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, for example, has been shifting its focus to more profitable routes and premium seats. It plans to debut a domestic business class in mid-2026 with seats up at the front of the cabin that are roomier but not quite as elaborate as its top-tier lie-flat Mint suites. </p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"/>Stable fares</h2>
<div class="group">
<p>Airfare will likely remain steady next year over 2025, according to an American Express Global Business Travel forecast in mid-November. </p>
<p>Demand has rebounded after dropping during a record-long government shutdown, but it&#8217;s not clear whether 2026 will be a blockbuster.</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-21">Southwest Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> CEO Bob Jordan told CNBC in December that the &#8220;first quarter looks strong&#8221; but that &#8220;it&#8217;s hard to say,&#8221; whether it will be better than a year ago.</p>
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<h2 class="RelatedContent-header">Read more CNBC airline news</h2>
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<h2 class="ArticleBody-subtitle"><a id="headline2"/>Whither Spirit</h2>
<div class="group">
<p>Struggling budget travel icon Spirit Airlines is in its second bankruptcy in less than a year after a court-blocked acquisition by JetBlue, an engine grounding, a surge in costs and other problems, raising questions about its ability to survive. </p>
<p>Industry insiders and airline analysts have said the yellow-plane airline will have to make much bigger moves with this bankruptcy.</p>
<p>&#8220;We do not expect it to remain a standalone company this time next year, with a merger or Chapter 7 outcome likely to drive upside to our earnings forecast,&#8221; said a Raymond James note on Dec. 19.</p>
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<p>Analysts expect that merger partner would be <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-25">Frontier Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, the fellow budget airline that has attempted to combine with Spirit repeatedly since 2022, but it&#8217;s not clear whether the two sides will reach a deal. Spirit said earlier this month that it&#8217;s in &#8220;active negotiations&#8221; for a stand-alone reorganization or a transaction. Frontier and Spirit declined to comment further. </p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline3"/>Southwest transformed</h2>
<div class="group">
<p>Southwest&#8217;s preparing for a major change in 2026. The airline&#8217;s decades-long cattle call will end on Jan. 27 when assigned seating begins. </p>
<p>It&#8217;s coming off a slew of changes it already put into place last year. It debuted extra legroom seats that command higher prices and started charging many customers to check bags for the first time, a service that brought in more than $7 billion for its U.S. rivals in 2024, the last full year of available data, according to the Transportation Department.</p>
<p>The carrier&#8217;s stock is the top gainer of U.S. passenger airlines. Southwest shares rose nearly 23% in 2025 compared with the NYSE Arca Airline Index&#8217;s 5% advance, and beat out profit leaders Delta and United as well as the broader market.</p>
</div>
<div class="group">
<p>Investors have been bullish on the company&#8217;s transformation to a more traditional, segmented airline, which has been sped along by a stake from activist investor Elliott Investment Management.</p>
</div>
<h2 class="ArticleBody-subtitle"><a id="headline4"/>American makeover</h2>
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<p>American is expanding its lounges and launching a fleet of Airbus 321XLR planes in 2026 as it aims to catch up in the luxury travel boom. Free inflight Wi-Fi is also coming for loyalty program members starting in January, American said last spring.</p>
<p>The airline already made more minor changes, like adding Lavazza coffee for all its passengers and Champagne Bollinger for its top-tier lounges and cabins, to uplift its brand as well, but it has a long path to reach Delta&#8217;s and United&#8217;s profitability.</p>
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<p>American Airlines and Delta planes on the tarmac at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Friday, Nov. 7, 2025.</p>
<p>Michael Nagle | Bloomberg | Getty Images</p>
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<p>Just before Christmas, American also announced that it will no longer award customers on its no-frills basic economy tickets with frequent flyer miles, following a similar move by Delta several years ago. </p>
<p>American hasn&#8217;t yet announced changes to its elite status requirements for 2027, but the carrier is under pressure because Delta and United have said they will hold status thresholds steady.</p>
<p>The airline is also making some changes that aim to improve reliability, recently announcing it will increase so-called banks, or clusters of flights at its largest hub, Dallas Fort Worth International Airport, from nine to 13.</p>
<p>American also said it is testing out two electronic gates there, where passengers on narrow-body domestic flights scan their own boarding passes, in hopes of getting travelers on planes faster, and in September, it said it will remove bag sizers from gates.</p>
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		<title>Buffett hands over the reins, the stock market&#8217;s losing streak, airline class wars and more in Morning Squawk</title>
		<link>https://lsd.hu/buffett-hands-over-the-reins-the-stock-markets-losing-streak-airline-class-wars-and-more-in-morning-squawk/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Fri, 02 Jan 2026 13:25:51 +0000</pubDate>
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					<description><![CDATA[This is CNBC&#8217;s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday and happy 2026! I began my year at the movie theater watching an Amanda Seyfried-led movie-musical (&#8220;The Testament of Ann Lee,&#8221; not &#8220;Mamma Mia!&#8221;). Stock futures are up this morning. The market is on a four-day losing streak. Here are [&#8230;]]]></description>
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<p><em>This is CNBC&#8217;s Morning Squawk newsletter. </em><em>Subscribe here</em><em> to receive future editions in your inbox.</em></p>
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<p>Happy Friday and happy 2026! I began my year at the movie theater watching an Amanda Seyfried-led movie-musical (&#8220;The Testament of Ann Lee,&#8221; not &#8220;Mamma Mia!&#8221;).</p>
<p>Stock futures are up this morning. The market is on a four-day losing streak.</p>
<p>Here are five key things investors need to know to start the trading day:</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>1. Boom or bust?</h2>
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<p>Traders wear &#8220;2026&#8221; glasses as they work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on December 31, 2025. </p>
<p>Timothy A. Clary | Afp | Getty Images</p>
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<p>Glass half full: The market just wrapped up another year of sizable gains. Glass half empty: Stocks didn&#8217;t ring in the new year on a particularly strong note. The three major indexes are all on track to end this holiday-shortened week down more than 1%.</p>
<p>Here&#8217;s what to know:</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"/>2. Berkshire, sans Buffett</h2>
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<p>Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. </p>
<p>David A. Grogen | CNBC</p>
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<p>Billionaire investor Warren Buffett has officially left his position as CEO of <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-16">Berkshire Hathaway<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>. In his six decades building a flailing textile mill into a $1 trillion behemoth, Buffett&#8217;s Berkshire has delivered a whopping cumulative return of more than 5.5 million percent to shareholders.</p>
<p>In an interview with CNBC&#8217;s Becky Quick, parts of which aired this morning, Buffett said Berkshire &#8220;has a better chance I think of being here 100 years from now than any company I can think of.&#8221; Buffett, who is being succeeded by Greg Abel, will stay on as chair of the conglomerate. </p>
<p>But his departure as CEO leaves the question of who will run Berkshire&#8217;s $300 billion equity portfolio. As CNBC&#8217;s Yun Li notes, some investors aren&#8217;t sold on Abel making investing decisions given his lack of a public track record as a stock picker. </p>
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<h2 class="ArticleBody-subtitle"><a id="headline2"/>3. In power</h2>
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<p>Homes near a data center in Ashburn, Virginia, US, on Friday, July 25, 2025. </p>
<p>Bloomberg | Bloomberg | Getty Images</p>
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<p>In 2025, the artificial intelligence industry began remaking the American landscape — figuratively and literally.</p>
<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-21">Meta<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, OpenAI and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-22">Microsoft<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> are among the tech companies planning hyperscale campuses around the country, turning farmland into compute factories that use massive amounts of electricity. As CNBC&#8217;s MacKenzie Sigalos reports, these ventures are largely being funded by borrowing agreements, leading to concerns of an AI bubble.</p>
<p>The industry is also facing heat from politicians on both sides of the aisle, from Sen. Bernie Sanders to Florida Gov. Ron Desantis. As CNBC&#8217;s Spencer Kimball explains, bipartisan concern about the data center boom could slow development — especially as politicians gear up for the 2026 midterm elections.</p>
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<h2 class="RelatedContent-header">Get Morning Squawk directly in your inbox</h2>
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<h2 class="ArticleBody-subtitle"><a id="headline3"/>4. Back from the dead</h2>
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<p>2027 Ram 1500 SRT TRX</p>
<p>Stellantis </p>
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<p><span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-24">Stellantis<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> is bringing back the TRX, its gas-powered Ram pickup truck equipped with a V-8 engine. The truck will be available later this year for roughly $100,000, Stellantis said yesterday.</p>
<p>As CNBC&#8217;s Michael Wayland notes, Stellantis&#8217; announcement comes amid its turnaround plan and as the automaker faces looser federal emissions regulations. While its high price tag has put a lid on sales in the past, the TRX is seen as a &#8220;halo&#8221; for Ram: a high-end vehicle that drives brand attention, which can in turn boost purchases of other Ram models.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline4"/>5. Planes of existence</h2>
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<p>A seating area in JetBlue&#8217;s new airport lounge</p>
<p>Courtesy: JetBlue Airways</p>
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<p>A class divide story has been playing out among U.S. airlines. As CNBC&#8217;s Leslie Josephs reports, it&#8217;s set to only intensify in 2026.</p>
<p>The biggest airlines have rushed to build out premium offerings for flyers willing to spend more. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-27">JetBlue<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> is focusing on its more profitable routes and planning a domestic business class that&#8217;s slated to launch in the middle of this year. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-28">Southwest<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> started charging for checked bags for the first time in 2024. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-29">American<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> is expanding its lounge system.</p>
<p>But on the other end of the spectrum, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-30">Spirit<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> is battling to stay alive amid its second bankruptcy in less than a year. After a court blocked its acquisition of JetBlue, analysts now expect Spirit to attempt to merge with fellow budget air carrier <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="SpecialReportArticle-QuoteInBody-31">Frontier Airlines<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>.</p>
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<h2 class="ArticleBody-subtitle"><a id="headline5"/>The Daily Dividend</h2>
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<p>Here are some stories we&#8217;d recommend make time for over the weekend:</p>
<p><em>CNBC&#8217;s Sean Conlon, Sarah Min, Lee Ying Shan, Ari Levy,</em> <em>Michael Wayland, MacKenzie Sigalos,</em> <em>Alex Crippen, Yun Li</em> <em>and Leslie Josephs</em> <em>contributed to this report. Josephine Rozzelle edited this edition.</em></p>
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		<title>Strategy Investors Pull Back Class Action Over Bitcoin Accounting Revision &#8211; Details</title>
		<link>https://lsd.hu/strategy-investors-pull-back-class-action-over-bitcoin-accounting-revision-details/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sat, 30 Aug 2025 14:07:16 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
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					<description><![CDATA[Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Investors in the prominent Bitcoin treasury company Strategy Inc. have withdrawn a proposed class action lawsuit that accused the company and its executives of misleading shareholders about the risks tied to its Bitcoin-focused investment approach and a recent accounting rule change. The [&#8230;]]]></description>
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									<img decoding="async" src="https://bitcoinist.com/wp-content/uploads/2025/02/safe.png" class="trusted-editorial-content__icon" alt="safe" title="Strategy Investors Pull Back Class Action Over Bitcoin Accounting Revision - Details 16"></p>
<div class="trusted-editorial-content__text"><u>Trusted Editorial</u> content, reviewed by leading industry experts and seasoned editors. <a href="#" target="_blank">Ad Disclosure</a></div></div>
<p><span style="font-weight: 400;">Investors in the prominent Bitcoin treasury company Strategy Inc. have withdrawn a proposed class action lawsuit that accused the company and its executives of misleading shareholders about the risks tied to its Bitcoin-focused investment approach and a recent accounting rule change.<br /></span></p>
<h2><b>The Case Against Strategy</b></h2>
<p><span style="font-weight: 400;">Bitcoinist has reported that plaintiffs led by Anas Hamza filed a class action suit in the US District Court for the Eastern District of Virginia, against Strategy Inc., co-founder Michael J. Saylor, Chief Executive Officer Phong Le, and Chief Financial Officer Andrew Kang as defendants.</span><span style="font-weight: 400;"><br /></span><span style="font-weight: 400;"><br /></span><span style="font-weight: 400;">The case filed by Pomerantz LLP claimed violations of federal securities laws, specifically Section 10(b) with Rule 10b-5 thereunder, and Section 20(a) of the Securities Exchange Act of 1934. </span><span style="font-weight: 400;">In particular, the complaint claimed that Strategy downplayed the financial risks of its aggressive Bitcoin accumulation strategy while also failing to share proper information on the expected profitability of this crypto investment. </span><span style="font-weight: 400;"><br /></span><span style="font-weight: 400;"><br /></span><span style="font-weight: 400;">The lawsuit also argued that executives failed to adequately disclose the potential impact of adopting Accounting Standards Update (ASU) No. 2023-08, which requires companies to mark crypto assets at fair market value and report fluctuations directly in earnings.<br /></span></p>
<h2><b>Plaintiffs Voluntarily Dismiss Claims</b></h2>
<p><span style="font-weight: 400;">Interestingly, in a Bloomberg Law <a href="https://news.bloomberglaw.com/securities-law/strategy-investors-drop-suit-over-crypto-accounting-change-hit" target="_blank" rel="noopener nofollow">report</a> on Friday, the lead plaintiffs and a shareholder have now voluntarily dismissed their claims against Strategy Inc. and its executives in a joint agreement. </span><span style="font-weight: 400;">Notably, the dismissal applies with prejudice to the named plaintiffs, i.e., meaning they cannot refile the same claims, though this law does not extend to potential absent class members.</span></p>
<p><span style="font-weight: 400;">The lawsuit, covering a class period from April 30, 2024, to April 4, 2025, had sought unspecified damages, legal fees, and other relief. However, the plaintiffs’ decision to step back brings the case to a close without a trial or settlement. </span><span style="font-weight: 400;">In earlier filings, Strategy stated it intended to “vigorously defend” itself against the allegations and maintained that its disclosures about Bitcoin-related risks and accounting practices were accurate and complete. </span></p>
<p><span style="font-weight: 400;">With the voluntary dismissal, the company avoids what could have been a prolonged legal battle for the leading Bitcoin treasury holder. </span><span style="font-weight: 400;">Strategy had recently made another Bitcoin bulk financing through another stock sale. The Saylor-led company reportedly issued shares worth $359 million in new shares, using the proceeds from which to buy 3,081.</span></p>
<p>At the time of writing, Strategy’s Bitcoin holdings stand at 632,457 and are valued at around $68.5 billion. Meanwhile, MSTR trades at $334.41, a price loss of 4.43% and 10.23%, in the last one and five days, respectively.</p>
<figure style="width: 1563px" class="wp-caption aligncenter"><img fetchpriority="high" decoding="async" src="https://www.tradingview.com/x/GbC5xVUw/" alt="Strategy" width="1563" height="926" title="Strategy Investors Pull Back Class Action Over Bitcoin Accounting Revision - Details 17"><figcaption class="wp-caption-text">BTC trading at $107,805 on the daily chart | Source: <a href="https://www.tradingview.com/chart/xg17RJqK/" target="_blank" rel="noopener nofollow">BTCUSDT chart on Tradingview.com</a></figcaption></figure>
<p>Featured image from Pexels, chart from Tradingview</p>
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									<img decoding="async" src="https://bitcoinist.com/wp-content/uploads/2025/02/safe.png" class="trusted-editorial-content__icon" alt="safe" title="Strategy Investors Pull Back Class Action Over Bitcoin Accounting Revision - Details 16"></p>
<p><strong>Editorial Process</strong> for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.</p>
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