Independent coverage of money
How money moves, and how to move with it.
We cover the markets, the money, and how AI is changing both, without the usual script.
Money · Lead story
The Fed may hike September 16. The average savings rate is 0.38%.
Markets price a Fed hike next week. Since 2022 the Fed moved 525 basis points up and 175 down, and the national savings average travelled 41 of them.
The Editors · 8 min read · Sep 11, 2026
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Markets price a September hike. The Fed's trimmed mean reads 2.3%.
Core PCE runs 3.3%. The Dallas Fed's trimmed mean runs 2.3%. That gap opened twice since 1980, and it closed in opposite directions each time.
The Editors · 9 min read
The August jobs report added 162,000. Two sectors gave 101,000.
Payrolls beat every forecast at 162,000. Restaurants and local schools supplied 101,000 of it, real hourly pay fell 0.2%, hike odds hit 60.4%.
The Editors · 8 min read
Companies plan $215B of bonds in September. Read who absorbs it.
Dealers expect a record $215 billion of high-grade supply in September, into a 30-year at 5.25%. The AI buildout borrows, and your bond index fund buys.
The Editors · 9 min read
Money
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Estimated taxes are due September 15. The IRS charges 7% to miss.
The IRS assessed $12.1 billion in estimated tax penalties last year. Skipping the September 15 payment costs 7%, compounded daily, and January won't fix it.
The Editors · 9 min read
The ACA repayment cap is gone. Freelancers now repay every dollar.
Insurers want 15% more for 2027 plans. The bigger change: a freelancer who underestimates income now repays the whole subsidy, where the cap was $1,625.
The Editors · 8 min read
How much do Upwork and Fiverr actually take in 2026?
Upwork posts a 0% to 15% freelancer fee and collects 19.6%. Fiverr pays sellers 80% and collects 28%. Where the gap goes, with sources and dates.
The Editors · 8 min read
AI money
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GitHub Copilot cut team AI credits up to 44%. The price didn’t move.
On 1 September, Copilot Business seats fell from 3,000 included credits to 1,900 and Enterprise from 7,000 to 3,900. Seat prices did not move.
The Editors · 7 min read
When your AI tool gets acquired, you get about a week to export.
Acquisitions are 150 of the 285 entries in the biggest AI tool graveyard. Clockwise and Hiro users each got seven days. Read where the risk sits.
The Editors · 8 min read
OpenRouter charges 5.5% to load credits. Stripe just bought it.
OpenRouter takes 5.5% when you load credits and zero markup on the tokens. Four outlets report four different prices for what Stripe paid to own it.
The Editors · 7 min read
Crypto
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Liquid Network lost 3,998 BTC to a bug already fixed on GitHub
A cache bug minted 3,998.5 L-BTC that no bitcoin backed. The fix was committed to the Elements repo on 3 August, and no tagged release carries it.
The Editors · 9 min read
Bitcoin's best August since 2017 came off a 21-month low.
Bitcoin gained 24% in August, then held flat when US strikes hit Iran. The rally began at a 21-month low and the ETF money left on August 28.
The Editors · 10 min read
NYDIG sold its trading desk for $42.5M. It kept 3 gigawatts.
BitGo's 8-K puts a price on NYDIG's institutional trading business: $42.5 million at closing. One megawatt of contracted AI lease revenue costs more.
The Editors · 9 min read