Original title: Spin Magazine Sale Collapses After Buyer Doesn’t Wire the Money It was supposed to be a new chapter for Spin magazine — and it sounded, at least in terms of the diminished expectations of the current media landscape, like a theoretically decent one, too. Next Management Partners, the Santa Monica-based venture capital firm that owns the Bob Guccione Jr.-edited magazine brand, had a deal in place to sell the publisher to the Dennis Cunningham-run Airtab, a Florida-based events platform that connects bookers with local artists. Talks had been ongoing for the past eight months, both sides had incurred about six-figures on legal bills hammering out the details, a major concert had been planned and a 1,200-word embargoed deal announcement was ready to go. In the lead up, the would-be new owner, Airtab’s Cunningham, told The Hollywood Reporter that he would take the quarterly magazine to a monthly cadence, bump up its circulation to 150,000-200,000 copies, increase the full-time, mostly remote staff of 8 employees by 25 percent over the next year, bolste ...

Original title: Please Don’t Destroy’s Ben Marshall Among Five ‘SNL’ Cast Additions A few days after four people departed the Saturday Night Live cast, the NBC sketch series is bringing several new members into its ensemble — including one already familiar to viewers of recent seasons. Ben Marshall, an SNL writer since 2021 and a member of Please Don’t Destroy (along with John Higgins and Martin Herlihy), will join the cast as a featured player for the 2025-26 season. Tommy Brennan, Jeremy Culhane, Kam Patterson and Veronika Slowikowska have also been named featured players. The announcement of the new featured players comes after a week that saw castmembers Heidi Gardner, Michael Longfellow, Emil Wakim and Devon Walker leave the show in the largest cast turnover since 2022. Please Don’t Destroy’s filmed segments have been a regular part of SNL for the past four seasons, usually featuring Marshall, Higgins and Herlihy in their office and interacting with that week’s host or other castmembers. Brennan is a stand-up comic who was named a Just for Laughs New Face of Come ...

Original title: JPMorgan Revises Junk Spread, Yield, Returns Target for 2025 Strong and resilient fundamentals, robust demand, limited new supply amid expectations of a US rate cut as early as this month have all led JPMorgan to revise its target for spreads on junk bonds, their yield, returns and supply for 2025. After boosting the supply outlook Bloomberg Terminal for high yield bonds to $300 billion, from $225 billion, JPMorgan strategists revised their spread target to 375 basis points from 450. For high yield bonds, that would suggest a yield of 7.5% and a full-year return of 7.5%. This revised forecast incorporates a year-end five-year Treasury yield of 3.65% ...

Original title: Trump-Tied Crypto Token Opens for Trading | Bloomberg Crypto 9/2/2025 00:00 WI > > I’M SCARLET FU. TIM: I’M TIM STENOVEC. WELCOME TO “BLOOMBERG CRYPTO.” SCARLETT: A LOT OF THE TALK CENTERED ON THE DEBUT OF THE WORLD LIBERTY TOKEN ENDORSED BY PRESIDENT DONALD TRUMP AND HIS FAMILY. TIM: THE LATEST CRYPTO BUSINESS IN LINE FOR U.S. LISTING. SCARLET: WE SPEAK TO THE CEO OF HYBRID LIQUID STRATEGIES PART OF EIGHT DIGITAL ASSET TREASURY TREND. TIM: FIRST, LET’S CHECK OUT WHAT IS GOING ON IN THE MARKET. YOU ARE SEEING QUITE A BIT OF GREEN. RISK OFF DAY FOR STOCKS AND BONDS AND NOT SO MUCH FOR CRYPTO. BUDGET CONCERNS IN DEVELOPED WORLD COUNTRIES RESURFACING. IT IS ALL GOOD WHEN IT COMES TO THESE THREE CRYPTOCURRENCIES. BITCOIN UP 1.8, 1.9%. ETHER MOVING BETWEEN RED AND GREEN BUT UP .3%. HITTING AN ALL-TIME HIGH OF $4800 PER TOKEN JUST LAST WEEK. SCARLET: LET’S TAKE A LOOK AT A TWO DAY CHART OF THE MARKET CAP, A CRYPTOCURRENCY TIED TO PRESIDENT TRUMP AND HIS FAMILY. IT BEGAN TRADING YESTERDAY AND CANNOT BE BOUGHT AND SOLD ON THE OPEN MARKET. EACH TOKEN IS WORTH $.3 ...

Original title: Goldman Sees Reserves Sub-$3 Trillion Despite Funding Relief A torrent of US Treasury bill issuance in August is likely to ease this month, relieving pressures on funding markets, but won’t be enough to prevent a gradual slide in bank reserves below $3 trillion by the end of the quarter, according to Goldman Sachs & Co. The Treasury has moved aggressively to refill its coffers — known as the Treasury General Account or TGA — since Congress lifted the debt ceiling two months ago. In August, the department’s net new supply of bills totaled more than $373 billion, TreasuryDirect data show. While that was a considerable total for fixed-income investors to digest, it also means that the weeks ahead may require less issuance as a result — in turn lightening the load on front-end markets. ...

Original title: Diesel Rally Seen Extending Into Fall if Fed Cuts Interest Rates Diesel’s summer rally may extend into the fall if the Fed cuts interest rates this month, bolstering industrial activity powered by the workhorse fuel, analysts say. Money managers turned the most bullish Bloomberg Terminal on diesel in four weeks after Fed Chair Jerome Powell signaled openness to a rate cut last month, highlighting diesel’s growing status as a go-to bet on the economy for macro-focused investors. The fuel has gained about 20% since early May amid a global supply crunch and refinery outages, outpacing crude and gasoline and drawing interest from new segments of speculators. ...

Original title: Trump to Review Approval of Massachusetts Offshore Wind Farm The Trump administration plans to reconsider a permit issued to a large wind farm off the coast of Massachusetts, the latest move in its targeted campaign against the clean energy resource. The US Interior Department intends to review the project’s approval issued Bloomberg Terminal in the waning days of the Biden administration, according to a filing by the Justice Department on Friday. The agency asked a federal court to pause the city of Nantucket’s challenge of the SouthCoast Wind development since the Trump administration intends to ask that the matter be sent back to the Interior Department for further action later this month. ...

Original title: Anthropic is now valued at $183 billion is The Verge’s senior AI reporter. An AI beat reporter for more than five years, her work has also appeared in CNBC, MIT Technology Review, Wired UK, and other outlets. Posts from this author will be added to your daily email digest and your homepage feed. Anthropic, the AI startup behind Claude and one of OpenAI’s chief competitors, emerged from the holiday weekend with big news: A completed funding round of $13 billion, awarding the company a $183 billion post-money valuation. The company said in a press release that between the start of 2025 and August — less than nine months — its run-rate revenue had grown from about $1 billion to more than $5 billion. It also said it now has more than 300,000 business customers and that in the past year, its list of “large accounts,” or “customers that each represent over $100,000 in run-rate revenue,” increased sevenfold. As for Claude Code, one of the chief moneymakers Anthropic has been banking on, the product has already generated more than $ ...

Original title: Uber Eats partners with Best Buy to deliver your tech is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. Uber Eats is teaming up with Best Buy to offer deliveries of the store’s selection of tech products, like headphones, chargers, laptops, gaming gear and small appliances. Starting today, you can order a product at Best Buy through the Uber Eats app and have it delivered to your doorstep the same day, adding to store’s existing partnerships with Instacart and DoorDash. Uber Eats will house products from more than 800 Best Buy stores, a little less than the over 1,000 locations the retail chain says it operates in North America. The announcement doesn’t state whether pricing between the Uber Eats app and inside Best Buy stores will differ to make up for the delivery platform’s fees, but we’ve reached out to Best Buy with a request for more information. You ...

Original title: Apple Seeds Ninth Beta of macOS Tahoe to Developers Apple today provided developers with the eighth beta of macOS Tahoe 26 for testing purposes, with the update coming a week after the eighth beta. Registered developers can download the new beta software through the System Settings app. macOS Tahoe features Apple’s Liquid Glass redesign, which extends across all of the new updates this year. Apple also brought the Phone and Journal apps to the Mac for the first time, and introduced a new cross-platform Games app. With the update, Apple overhauled how Spotlight works, enabling new functionality that allows it to be used to complete all kinds of actions like sending emails without having to open up an app. There are also changes to a number of apps, including Messages, Safari, and Notes. All of the new features that are included in macOS Tahoe are outlined in our dedicated roundup. macOS Tahoe is set to launch this fall. ...