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October 15, 2025
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Peak fall foliage season is leaving a lot to be desired. Due to an extended drought, those autumnal colors engineered by nature to make your friends on Instagram jealous are extremely muted. All over the US, leaves have begun falling earlier, which is ruining those weekend trips to places like New England, Colorado, North Carolina, and Michigan. If your autumn won’t be complete without seeing something bright and colorful fall to the ground, we’ll be throwing Skittles off the roof of the Morning Brew office this afternoon.
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—Matty Merritt, Sam Klebanov, Dave Lozo, Abby Rubenstein, Neal Freyman
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<!-- MARKETS -->
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<div class="c7">
<div class="c6" style="margin-bottom:7px">
<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<th class="card" style="text-align:left;color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:400;display:block">
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<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
MARKETS
</h3>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td class="pad5m">
</td>
</tr>
<!-- Nasdaq -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg1ODk2Mn0:1v8yB0:2Kz5PqbkCfv789sH83qI7pH9B6IHX1LwhQAnPiJM92w" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
Nasdaq
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
22,521.70
</p>
</td>
<td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
<table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
<tr>
<td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
-0.76%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Nasdaq -->
<!-- S&P -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg1OTkzMn0:1v8yB0:GmhYxPTzsUw_wXJBFTWxTnoi6AvhHWCN_Vi49UvgzMQ" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
S&P
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
6,644.31
</p>
</td>
<td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
<table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
<tr>
<td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
-0.16%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END S&P -->
<!-- Dow -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg2MDk0OH0:1v8yB0:0Jmthf0aHfQk4yG7kmn9CNL2TO90R-5kG6gYK48Egpk" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
Dow
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
46,270.46
</p>
</td>
<td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
<table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
<tr>
<td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
+0.44%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Dow -->
<!-- 10-Year -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg2MTg2OH0:1v8yB0:JZ_TTwdXWbNaVc33izi9t-AyJmqJ4HKs5UxJjlvcp_I" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
10-Year
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
4.022%
</p>
</td>
<td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
<table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
<tr>
<td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
-3.0 bps
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END 10-Year -->
<!-- Bitcoin -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg2Mjg5M30:1v8yB0:mfbMdB7gEI3lXibbSwmdlh5zVZ2f01ygSCCdywxxHd0" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
Bitcoin
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
$113,101.15
</p>
</td>
<td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
<table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
<tr>
<td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
-2.27%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Bitcoin -->
<!-- Wells Fargo -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg2MzgwNH0:1v8yB0:MsN2Y5Udrruv2fqm7WehcQDGQcW6vWQy7SgI-Yq4_zA" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
Wells Fargo
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
$84.56
</p>
</td>
<td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
<table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
<tr>
<td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
+7.15%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Wells Fargo -->
<!-- START REGULAR TEXT -->
<tr>
<td style="padding:3px 15px 10px">
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse;font-size:13px">
<tr>
<td style="padding-right:4px">
Data is provided by
</td>
<td style="margin:0;padding-right:5px">
<a style="display:block" target="_blank">
<img height="16px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F61a0dac0b53d6766459afdca784ae8fe604f17ed-720x102.png%253Fh%253D32%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg2NDc5M30:1v8yB0:g7vlTsKEBXMsZ8WRZI78t_zwqmPqM5zthgBS6Vi7dq8" style="vertical-align:middle;height:16px;display:inline"/>
</a>
</td>
</tr>
</table>
<p style="text-align:left;margin:0;padding:0;font-size:13px;line-height:22px">
*Stock data as of market close, cryptocurrency data as of 6:00pm ET.
<a class="link-sm" rel="noopener" style="color:#333;border-bottom:1px solid #1c7ff2;text-decoration:none" target="_blank">
Here's what these numbers mean.
</a>
</p>
</td>
</tr>
<!-- END REGULAR TEXT -->
<tr>
<td style="mso-padding-alt:0px 15px 15px 15px;padding:0 15px">
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
<strong style="color:#000">
Markets:
</strong>
</span>
<span>
We understand if your neck still hurts from the whiplash you got watching the market yesterday. Stocks ultimately ended the day
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
mixed
</a>
</span>
<span>
after dropping in the morning, as investors watched the US and China spar over trade, then climbed back up in the afternoon, only to fall again after President Trump
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
threatened
</a>
</span>
<span>
to ban Chinese cooking oil over China’s farmers’ snub of US-grown soybeans.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
<strong style="color:#000">
Stock spotlight:
</strong>
</span>
<span>
The biggest banks beat earnings estimates, but their stocks still fell as investors see possible trouble ahead. Wells Fargo was an exception,
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
soaring
</a>
</span>
<span>
as investors bet on its future without a regulator-imposed asset cap.
</span>
</li>
</ul>
<div style="display:none">
</div>
</td>
</tr>
<tr>
<td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
</td>
</tr>
</table>
</th>
</tr>
</table>
<!--[if !mso ]><! -- -->
</div>
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<!-- <![endif]-->
<!-- END MARKETS -->
<!-- STORY ARTICLE -->
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<div class="c6" style="margin-bottom:7px">
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SOCIAL MEDIA
</h3>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
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<h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
You can’t even watch
<em>
Step Brothers
</em>
on Teen Instagram
</a>
</h1>
</div>
</table>
<div class="header-image-container" style="padding-top:15px">
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Teen Account graphic from instagram" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-14%252Fimage-fa7f9fabf7e9ed51f04d351203ea701fd7d7f459-1500x1000-jpg%252FMBD-Instagram-PG13-1025.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg2NTkyfQ:1v8yB0:5oXjqLZD_HpJyf17Re2Vzh6Q6derbi9lWtm6pT7W8GU" style="width:100%;max-width:670px;display:block" width="670"/>
</a>
<p style="margin:0;padding:0;line-height:22px">
<span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
<small>
<em>
Instagram
</em>
</small>
</span>
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px 15px 0">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Instagram announced yesterday that it’s rolling out new
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
teen user protections
</a>
that mirror the rules governing movie ratings, and that teen accounts will be limited to seeing content that is PG-13. So, keep it clean, folks: Using more than one f-bomb could now get you booted from the teens’ feeds.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
How we got here:
</strong>
Facing backlash over how kids interact with its platforms, Meta started automatically making any Instagram account set up by someone under the age of 18 a “Teen Account” last year. This sets the account to private, pauses notifications from 10pm to 7am, and limits what kind of content can be seen in Reels or on the Explore page.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
The new restrictions will further constrain what content teens can access:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
They will block entire accounts that post 18+ content, such as drugs, sex, and maybe even rock ’n’ roll, from teens’ view, and prevent teen users from following handles that have inappropriate usernames or links in bios directing people to sites like OnlyFans or liquor stores.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
The new rules will apply even in cases where teens have already been following an “adult” account (they won’t be able to view the offending content anymore).
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
The change will also bar teens from seeing search results for things like “gore” and “alcohol.”
</span>
</li>
</ul>
<h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
The bots have to follow the rules too
</h2>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
This is the first safety update that Meta has implemented for the AI chatbots that Instagram recently introduced.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
A report from Reuters released in August
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
found
</a>
that Meta’s AI rules let these bots have “sensual” DMs with minors. The new rules say these chats won’t go past PG-13 topics with users under 18.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Big picture:
</strong>
Tech companies have been bombarded with public and political pressure to address the unsavory content they seem to be feeding underage users for as long as you could set your relationship status to “it’s complicated” for attention. Spotify also
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
announced
</a>
new parental controls in its app yesterday, and Sam Altman provided an update on ChatGPT: Now that it’s implemented age-gating, the chatbot is ready to go full-steam-ahead on
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
erotica for adults only
</a>
in December.—
<em>
MM
</em>
</p>
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</tr>
<tr>
<td class="social-container" style="padding-bottom:15px;padding-left:15px">
<!-- SOCIAL LINKS -->
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<img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F75fb8a70db5f5bc6b7210cdde05dfa91eeb3f0ef-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg2Njg0Nn0:1v8yB0:7e_CyuoxxyRoG6amg2hGet-DFw_4kQRCh2yii3R6NCY" style="width:25px;display:inline-block" width="25"/>
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<div class="tag-container" style="padding:15px 15px 0">
<h3 style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
Presented By Axel
</h3>
</div>
<div class="title-container" style="padding:0 15px">
<h1 style="color:#333;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
<a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
<strong style="color:#000">
Travel smart
</strong>
</a>
</h1>
</div>
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Axel" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-14%252Fimage-8317c31816fa01b0a16db1afd46cff60d7cfec44-1000x750-png%252Fimage.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg2OTYxN30:1v8yB0:HYsTV84F9DRWuMVSVLAnG2zIyAhCTRkNlRv6RLcXz6M" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
</a>
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<td class="sponsored-body content-container story-content" style="padding:15px">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Planning your next adventure? Secure the best deals on hotels, flights, and more with
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Axel
</a>
, the AI travel assistant designed to help you save on your adventures by repricing your bookings.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Here’s how it works: Axel
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
monitors flight and hotel prices
</a>
for drops after you book and secures your savings for you automatically. The result? The average user saves $327 within their first year.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Talking to Axel is simple. From planning your itinerary to booking and repricing, Axel can handle it all through simple conversations. Just pack your bags and crush it at that conference or enjoy some well-deserved R&R, wherever your travel plans take you.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Brew readers:
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Try it free for one week
</a>
.
</p>
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<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
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<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
WORLD
</h3>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
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<h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
Tour de headlines
</a>
</h1>
</div>
</table>
<div class="header-image-container" style="padding-top:15px">
<img alt="JPMorgan CEO Jamie Dimon" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-14%252Fimage-632b54ba68f64ce93b90e2b3fc0c7b94e637b4d8-1500x1000-jpg%252FMBD-NoamGalai-Getty-Images-1025.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg3MDYyN30:1v8yB0:Sh0fRrC6jgieQZ41OlaRf6txgDzo9Ev28qLfUq9a3xk" style="width:100%;max-width:670px;display:block" width="670"/>
<p style="margin:0;padding:0;line-height:22px">
<span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
<small>
<em>
Noam Galai/Getty Images
</em>
</small>
</span>
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fmoney-bag_1f4b0.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg3MTUyNn0:1v8yB0:I2wMlCQLCHYsTcPO03ZJjx8Z55afZ28kvqDql_G_mnc" style="max-width:18px" width="18"/>
Business is booming at big banks.
</strong>
The biggest banks in the US started earnings season off
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
with a bang
</a>
yesterday, with JPMorgan, Goldman Sachs, Wells Fargo, and Citigroup all beating Q3 profit forecasts, as dealmaking, trading, and corporate lending all surged. Goldman is headed toward its best year ever for its main investment banking unit, the Wall Street Journal reports, and JPMorgan took in $8.9 billion in trading revenue last quarter, a record for Q3. But even with the stock market soaring and businesses diving back into mergers and acquisitions, choppier waters may lie ahead. JPMorgan CEO Jamie Dimon noted that recent auto industry
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
bankruptcies
</a>
flashed a red flag for the private credit market, saying, “When you see one cockroach, there are probably more.”
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fearth-globe-europe-africa_1f30d.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg3MjUyOH0:1v8yB0:35_xYoCgmRZ7d6_lFmlk9AdyYwOOSbugeDHD9FO5o0M" style="max-width:18px" width="18"/>
Bodies of some deceased hostages returned to Israel as ceasefire is tested.
</strong>
Yesterday, Hamas
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
released
</a>
the bodies of four hostages under the first stage of a peace agreement that had previously seen the release of all 20 living Israeli hostages in exchange for nearly 2,000 Palestinian prisoners. However, with the next steps still needing to be worked out, both sides accused the other of violating the ceasefire. Earlier, Israel said it would only allow half of the agreed-upon humanitarian aid into Gaza in a bid to push Hamas to release the remains of the rest of the deceased hostages as promised. Meanwhile, Hamas said Israeli troops had killed several people in Gaza, in violation of the ceasefire deal. One issue that remains is whether Hamas will disarm—something the group has not publicly agreed to but President Trump said yesterday they would do or “we will disarm them.”
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-scissors_2702.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg3MzR9:1v8yB0:TuNK5bPP2BhTNlL1i8u0Zhc6ANoTpzF-gzF4txKkHig" style="max-width:18px" width="18"/>
JPow hints at more interest rate cuts to come.
</strong>
While Fed Chair Jerome Powell didn’t outright say the central bank would continue to chop interest rates, his remarks at an economic conference in Philadelphia suggested that the weakening labor market will require
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
further cuts
</a>
despite inflation. Although the government shutdown precludes new official economic data, Powell said “the outlook for employment and inflation does not appear to have changed much since our September meeting,” which is when the Fed cut rates for the first time this year. The speech left economists anticipating a rate cut at the Fed’s next meeting on Oct. 28–29, with another cut to follow. Powell also suggested the Fed may soon stop shrinking its portfolio of assets, a move that could also slightly lower borrowing costs.
<em>
—AR
</em>
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
<!--[if !mso ]><! -- -->
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<div class="c6" style="margin-bottom:7px">
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<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
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<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
TRADE
</h3>
</div>
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<tr>
<td class="story-content">
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<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
Attention couch potatoes: Furniture tariffs are here
</a>
</h1>
</div>
</table>
<div class="header-image-container" style="padding-top:15px">
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Furniture tariffs" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-14%252Fimage-b4797e06fbde61c92ccf9e18df9b54a135d1bef6-6250x4167-jpg%252Fmbd-furniture-tariffs-fs-1025.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg3NDQwNH0:1v8yB0:QZHaz0FEzZzLkYZOizgeFPZ-l1W24Xs1BKxSvq5C0bc" style="width:100%;max-width:670px;display:block" width="670"/>
</a>
<p style="margin:0;padding:0;line-height:22px">
<span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
<small>
<em>
Francis Scialabba
</em>
</small>
</span>
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px 15px 0">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
For once, it’s worth listening to tariff commentary from armchair experts—specifically, when it comes to the import duties on furniture and wood entering the US that went into effect yesterday.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Importers will
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
now pay
</a>
a 10% tariff on softwood lumber and timber, which largely come from Canada. There’s also a new 25% duty on kitchen cabinets, vanities, and upholstered wooden furniture. Cabinet and vanity tariffs will rise to 50% on Jan. 1, while furniture tariffs will go to 30%.
</p>
<h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
Close to home
</h2>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
The Trump administration says the tariffs are a boon to US manufacturers in former furniture-making hubs like North Carolina, which have struggled to compete with cheaper foreign furniture. But:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
Experts say that, while taxing furniture imports could help some domestic manufacturers compete, American retailers and furniture-makers importing components might face higher costs, forcing them to raise prices.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Some industry insiders expect the tariffs to affect selection more than prices, as furniture sellers might limit their imported offerings to the highest-margin products.
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Meanwhile, economists worry that taxing imports of products used to build and furnish houses could further slow homebuying and home improvement, which have already been hit by elevated interest rates.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
The ships carrying couches…
</strong>
are also caught in the trade war, after the US and China started charging each other’s ships port fees yesterday. Both countries cited the need to promote domestic shipbuilding.
<em>
—SK
</em>
</p>
</td>
</tr>
<tr>
<td class="social-container" style="padding-bottom:15px;padding-left:15px">
<!-- SOCIAL LINKS -->
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
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</a>
<span>
</span>
<a rel="noopener" style="text-decoration:none" target="_blank">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff61048cc7cca6e313215d18ddc546bbb9f5279dd-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg3NjI3Nn0:1v8yB0:dlvgb6osLWahl3dBXUtwbn0EbOvHlJUg-Rmq-9gN1tM" style="width:25px;display:inline-block" width="25"/>
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</a>
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<!-- END SOCIAL LINKS -->
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<h3 style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
Together With Salesforce
</h3>
</div>
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Salesforce " class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-08%252Fimage-83e1bb886fa2076ae012a42c409619ac336b14d4-2000x1500-png%252Fimage.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg3ODMzM30:1v8yB0:ztmGLV_FrMuOUybmMmCoSviOVTHQSHlt9o-sX9PRWxQ" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Dream on.
</strong>
Tune in live to
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
<em>
Dreamforce
</em>
</a>
to learn how AI agents, real-time data, and CRM can help create a scalable, digital workforce. Catch up on everything you missed on day one on Salesforce+, then stream the Agentforce keynote at 1pm ET/10am PT.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Don’t miss out
</a>
.
</p>
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<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
AI
</h3>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
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<h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
Walmart wants you to check out (on) ChatGPT
</a>
</h1>
</div>
</table>
<div class="header-image-container" style="padding-top:15px">
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Walmart and OpenAI logos side by side" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-14%252Fimage-4143280c250becff157d1f76be1bb61f8697bb52-1500x1000-jpg%252Fwalopenlogos.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg4MDExfQ:1v8yB0:2CqkfRIRk_rSCVQnHPSLi6hh1FWvbnmTqQwUJ3GSM9Y" style="width:100%;max-width:670px;display:block" width="670"/>
</a>
<p style="margin:0;padding:0;line-height:22px">
<span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
<small>
<em>
Walmart, OpenAI
</em>
</small>
</span>
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px 15px 0">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
The next time you ask ChatGPT for help with an anniversary gift under $20, you will be able to get that relationship-ending picture frame from within that conversation, thanks to a
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
new partnership
</a>
between Walmart and OpenAI.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Soon, customers will be able to link their Walmart or Sam’s Club accounts to ChatGPT for seamless shopping should the bot that’s writing your work emails include a Walmart item among its suggestions (it will still also list items from other, non-partner places). It’s part of the “agentic commerce” trend, where bots become personal shoppers and the tech companies get a piece of the sale:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
OpenAI recently began allowing products to be purchased in ChatGPT directly from Etsy as part of its “Instant Checkout” program, which will soon also include Shopify.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Perplexity began offering a similar integration last year with Shopify, Best Buy, and Target.
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Investors love it:
</strong>
Walmart stock closed up nearly 5% yesterday.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Walmart’s all-in on AI:
</strong>
In June, the biggest US retailer launched Sparky, its own AI assistant designed to help customers find items on the Walmart website. Despite the narrative of AI taking jobs, Sparky is sticking around despite ChatGPT joining the team.
<em>
—DL
</em>
</p>
</td>
</tr>
<tr>
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<!-- SOCIAL LINKS -->
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</a>
<span>
</span>
<a rel="noopener" style="text-decoration:none" target="_blank">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff61048cc7cca6e313215d18ddc546bbb9f5279dd-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg4MzI3M30:1v8yB0:rLUlR7ncXFX8gTdkHZTeXDIaSLJUygMzzouw4Cv0zY8" style="width:25px;display:inline-block" width="25"/>
</a>
<span>
</span>
<a rel="noopener" style="text-decoration:none" target="_blank">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4d40d61a934b028861fc21c8ae1f827b99638c5-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg4NDIyN30:1v8yB0:34gmixcQmAbH9BrpUo8U5cnRv0-LIfxiIjV9yfiKlEc" style="width:25px;display:inline-block" width="25"/>
</a>
</td>
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</table>
<!-- END SOCIAL LINKS -->
</td>
</tr>
</table>
</td>
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</table>
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<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
STAT
</h3>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
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<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
Prime number: $15b worth of scammed bitcoin
</a>
</h1>
</div>
</table>
<div class="header-image-container" style="padding-top:15px">
<img alt="A bitcoin" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-26%252Fimage-e23b3ceb8c8185ef0ef92a73283b37f8a4b9e103-1500x1000-jpg%252FMKT-Crypto-Market-AdobeStock-0925.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg4NTMwN30:1v8yB0:NczRxr8sIZNvrZG4_73iNS2wYGJvbSganIH1yBPKmzk" style="width:100%;max-width:670px;display:block" width="670"/>
<p style="margin:0;padding:0;line-height:22px">
<span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
<small>
<em>
Anton Vakhrushev/Adobe Stock
</em>
</small>
</span>
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
The Department of Justice is now sitting on a pile of bitcoin that would make even Satoshi’s earliest followers jealous. The government
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
seized
</a>
about $15 billion worth of the digital currency from wallets registered to a business owner it claims was running a massive “pig butchering” fraud ring. The DOJ called it the largest forfeiture operation in its history.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Despite the name, “pig butchering” involves no actual pork chops, just making an emotional connection to the victim to metaphorically fatten them up for slaughter (which, in more literal terms, is just taking their money):
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
The DOJ is accusing Chen Zhi, the founder and head of the Cambodia-based multinational conglomerate Prince Holding Group, of actually heading up an international criminal operation that has caused “billions of dollars in losses and untold misery to victims around the world.”
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
The Treasury Department also designated Prince as a criminal organization that US companies can’t do business with.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
In an indictment filed in New York, prosecutors allege that the company trafficked people into forced labor and made them engage in scams where the victims handed over crypto they were falsely promised would be invested.
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Although the DOJ has the bitcoin, Chen remains at large.
<em>
—AR
</em>
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
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<h3 style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
Together With The New Money
</h3>
</div>
<a style="border:none;text-decoration:none" target="_blank">
<img alt="The New Money" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-10-14%252Fimage-5fe49ff4cfa7350a9a48c416722a7d25e2845bcd-512x384-png%252Funnamed.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg4NjMxfQ:1v8yB0:J_k6O1I-8pFISUuMBFsz2zmMPxJ5dtMlyz_QFZstQ1U" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Wall Street meets Doge.
</strong>
The official corporate arm of the Dogecoin Foundation is
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
going public through a merger with Brag House Holdings (NASDAQ: TBH)
</a>
. And they’ve partnered with 21Shares and Robinhood to accelerate the future of Dogecoin for global investors, tokenization, and payments.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Discover more on The New Money app
</a>
.
</p>
</td>
</tr>
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<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
NEWS
</h3>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="card-content">
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<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
What else is brewing
</a>
</h1>
</div>
</table>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
The US
</a>
</span>
<span>
carried out a strike on a boat it accused of carrying drugs off the coast of Venezuela, killing six people, President Trump said. This is the fifth such strike recently.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
GM
</a>
</span>
<span>
said when it releases its quarterly earnings next week, there’ll be a $1.6 billion hit from scaling back its electric vehicle plans.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
The Supreme Court
</a>
</span>
<span>
won’t consider Alex Jones’s appeal of the $1.4 billion he was ordered to pay to families of victims of the 2012 shooting at Sandy Hook Elementary School.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Oracle’s cloud unit
</a>
</span>
<span>
will use 50,000 AMD chips in the latest major AI deal.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Major news outlets
</a>
</span>
<span>
, including CNN and Fox News, refused to sign on to the Pentagon’s new restrictions on reporting.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Madagascar’s president
</a>
</span>
<span>
fled the country after being ousted in a coup following weeks of protests by the country’s young people.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Wherever you get your podcasts
</a>
</span>
<span>
may soon include Netflix, as the streamer will begin showing video podcasts from Spotify’s The Ringer network.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
D’Angelo
</a>
</span>
<span>
, a Grammy-winning R&B legend, has died at age 51 after a battle with cancer.
</span>
</li>
</ul>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
<!--[if !mso ]><! -- -->
</div>
<!-- <![endif]-->
<!-- END STORY ARTICLE -->
<!-- STORY ARTICLE -->
<!--[if !mso ]><! -- -->
<div class="c6" style="margin-bottom:7px">
<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
<div class="tag-container" style="padding:15px 15px 0">
<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
RECS
</h3>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
<div class="header-image-container" style="padding-top:15px">
<img alt="To-do list banner" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-762cbc4c673b8613a0de1bf6711a4fc25276f7a4-1350x330-png%252FMB_todo_banner.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg4NzM5M30:1v8yB0:-LoR9yGminEK9WlXI1U1pKJcBGf8gEqerzP5fPYwVXs" style="width:100%;max-width:670px;display:block" width="670"/>
<p style="margin:0;padding:0;line-height:22px">
<span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
<small>
<em>
</em>
</small>
</span>
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<div>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg4ODQ0NH0:1v8yB0:7lTBmHIxx4vtUoJ97-KFxoaUxww7k3YcrGQglzbxTwU" style="max-width:18px" width="18"/>
<strong style="color:#000">
Carry:
</strong>
Keep your extensive ChapStick collection in
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
this goofy bag
</a>
.**
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg4OTQxNX0:1v8yB0:bKY5xCRbKzu0jpOVLBgMMM-WXOAfUQnyiW3wbI8g7_4" style="max-width:18px" width="18"/>
<strong style="color:#000">
Remember:
</strong>
Where to stream
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Diane Keaton’s movies
</a>
for your memorial marathon.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg5MDM2OH0:1v8yB0:zoUcdngsZ4flmebvt_VCKRJu3JXDbH9Cdvr3nanmKVk" style="max-width:18px" width="18"/>
<strong style="color:#000">
Watch:
</strong>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
The final episode
</a>
of Marc Maron’s
<em>
WTF Podcast
</em>
.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg5MTM0Nn0:1v8yB0:86D98ojbYb7OlEQGLLLwNeN6CD08jYzBF2h5LZtVZWw" style="max-width:18px" width="18"/>
<strong style="color:#000">
Get a sugar high:
</strong>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
This map
</a>
shows which US state buys the most controversial fall favorite…candy corn.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg5MjIzfQ:1v8yB0:sVolI8kPrO1ARiPbrJh3KwCRjZsN1kB9Y53pDMng5_U" style="max-width:18px" width="18"/>
Rates dropped, now what?
</strong>
Consider refinancing your mortgage to
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
lock in monthly savings
</a>
. Get started by connecting with
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
a home loan expert at MortgageMatchup.com
</a>
.*
</p>
<placementslot data-id="4f57a88bafc8">
</placementslot>
<placementslot data-id="aeceb3cbbb04">
</placementslot>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<sup>
<em>
*A message from our sponsor.
</em>
</sup>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
<!--[if !mso ]><! -- -->
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<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
<div class="tag-container" style="padding:15px 15px 0">
<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
PLAY
</h3>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
<div class="header-image-container" style="padding-top:15px">
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Games available from Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-3524949da8d220051120175f97246671d52e0b38-2700x660-png%252FIMG_9052.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjA1MjE5MzAuNjg5MzMwNn0:1v8yB0:S-ia30Pk3Ppjfyn6TT3MKySIJjDgWoqcb5rSFM4gZto" style="width:100%;max-width:670px;display:block" width="670"/>
</a>
<p style="margin:0;padding:0;line-height:22px">
<span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
<small>
<em>
</em>
</small>
</span>
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Word Search:
</strong>
We hope you’re training for a marathon, because today’s puzzle is perfect for anyone who needs to carb load.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Play it here
</a>
.
</p>
<h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
Monster trivia
</h2>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
As Halloween approaches, brush up on your fantastical creatures with these monster-themed trivia questions.
</p>
<ol>
<li style="margin-bottom:10px;line-height:22px">
<span>
In Greek mythology, which monster guards the gates of the underworld?
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
The hippogriff, which made an appearance in
</span>
<span>
<em>
Harry Potter,
</em>
</span>
<span>
is a combination of which two animals?
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
This cryptid translates to “goatsucker” in Spanish.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Who played the four Ghostbusters in the 2016 reboot?
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Godzilla, Mothra, and King Ghidorah are examples of what class of monster?
</span>
</li>
</ol>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
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<div class="tag-container" style="padding:15px 15px 0">
<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
SHARE THE BREW
</h3>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="card-content">
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Share Morning Brew
</a>
with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
We’re saying we’ll give you free stuff and more friends if you share a link. One link.
</p>
<a>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<img class="img-responsive" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe8c0d668fd2ce584105a14629f9409b29ddffc91-3840x2160.png%253Fw%253D640%2526q%253D60/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjA1MjE5MzAuNjg5NDI0M30:1v8yB0:r4m7LL27oaPzel27oHNwpELkafO8R8Rnrhw7Z_OAjn8" style="width:100%;max-width:640px;display:block;width:100%!important" width="640"/>
</p>
</a>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<b>
Your referral count:
</b>
0
</p>
<a class="stb-btn" style="color:#fff;text-align:center;background-color:#1c7ff2;border-radius:4px;width:100%;max-width:150px;padding:15px;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:900;text-decoration:none;display:block;margin-top:inherit!important;margin-bottom:inherit!important;margin-right:inherit!important;margin-left:inherit!important">
Click to Share
</a>
<p style="margin-top:15px;margin-bottom:15px;line-height:22px">
Or copy & paste your referral link to others:
<br/>
<a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
morningbrew.com/daily/r/?kid=979c4554
</a>
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
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<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
<div class="tag-container" style="padding:15px 15px 0">
<h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
ANSWER
</h3>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
<tr>
<td class="card-content">
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<ol>
<li style="margin-bottom:10px;line-height:22px">
<span>
Cerberus
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Eagle and horse
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Chupacabra
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Melissa McCarthy, Kristen Wiig, Kate McKinnon, and Leslie Jones
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Kaiju
</span>
</li>
</ol>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<span style="text-decoration:underline">
Word of the Day
</span>
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Today’s Word of the Day is: boon, meaning “a timely benefit or blessing.” Thanks to Rachel from Ann Arbor, MI, for the positive suggestion. Submit another Word of the Day
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
here
</a>
.
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
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<tr>
<td style="text-align:center;padding:10px 0;font-size:21px">
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</a>
<a rel="noopener" style="vertical-align:super;width:32px;height:32px;line-height:32px;display:inline-block" target="_blank">
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</a>
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