Odd Lots: How to Move Freight Across the Icy Roads of Alaska

3 days ago

We're interested in trucking here at Odd Lots. It's one of those industries that can tell us a lot about the economy, both in terms of the short-term cycle, and also long-term structural trends. Of course, we know that the industry is prone to big boom and bust cycles. And Alaska itself -- driven so much by oil and natural resource extraction -- is also known for its boom and bust cycles. So on our trip there, we spoke with Josh Norum, the CEO of Sourdough Express, an Alaska based trucking company that's been around for over a century. We talked about how the business works, the history of the company, the current economic environment, tariffs, and the unique challenge (and opportunity) of moving freight in America's northernmost state.

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Gemini files IPO bid amid crypto rally while bleeding $282m

Yahoo

12 minutes ago

Yahoo

Gemini files IPO bid amid crypto rally while bleeding $282m

US-based Gemini crypto exchange is striking while the iron is hot, filing for an initial public offering in a raging crypto bull market even as it racks up heavy losses. The Winklevoss-led company lost $282 million in the first half of 2025, according to its IPO filing made public Friday. Gemini plans to list on Nasdaq under the ticker GEMI and said it may use the proceeds to repay debt. The firm reported $2.1 billion in liabilities as of June 30, including loans from Galaxy and NYDIG. Despite the mounting losses, Gemini is betting that favourable market conditions and renewed investor interest in crypto stocks will help it land a successful debut. The exchange generated just $68.6 million in revenue in the first six months of 2025, down from $74.3 million during the same period last year, while losses ballooned more than sixfold. One of us Gemini's filing comes on the heels of Bullish's blockbuster IPO, which raised $1.1 billion and saw shares surge 228% on the first day of trading, giving it a $10 billion valuation. The Peter Thiel-backed exchange became the second publicly traded crypto exchange in the US, after Coinbase. Gemini will be the third once it lists. Gemini's filing adds to a wave of digital asset firms tapping public markets as investor appetite in all things crypto rebounds. Stablecoin issuer Circle went public in June and quickly hit a $40 billion market cap, becoming the first publicly traded stablecoin firm in the US. It has since slipped to just over $37 billion. Galaxy Digital, led by Mike Novogratz, also joined the Nasdaq this year to gain deeper access to US capital markets. Galaxy shares dipped in the days following its IPO but have since rebounded, gaining around 12% since then. Crypto market movers Bitcoin has lost 1% in value over the past 24 hours and is trading at $117,710. Ethereum is down 4% in the same period to $4,460. What we're reading New York's top lawyer said Ethereum is a security. A crypto lawyer is coming for her job — DL News Citigroup considers custody and payment services for stablecoins, crypto ETFs — Reuters DeFi Tokens Surge — But These Hidden Gems Could Shine Next — Unchained Why Ethena's USDe got a 1,250% risk weighting in S&P Global's Sky credit rating — DL News Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ Sign in to access your portfolio

I Asked ChatGPT and a Financial Advisor How To Become a Millionaire: Here's How Their Advice Compared

Yahoo

12 minutes ago

Yahoo

I Asked ChatGPT and a Financial Advisor How To Become a Millionaire: Here's How Their Advice Compared

For all of the transformative capabilities of artificial intelligence (AI), AI chatbots are still in their infancy stage. While applications like ChatGPT provide generic information that can be used to jump-start research or clarify terms, trusting it with a serious matter like a person's finances would certainly be foolish. Or would it? To test ChatGPT's accuracy on a unique and universally desired financial end goal for many Americans, GOBankingRates asked it how to become a millionaire and received an answer detailing things like how much you would need to invest and at what return, paths to use (consistent investing, growing a business, building high-income skills), and the importance of living below your means and avoiding wealth killers. Read Next: Find Out: GOBankingRates then sought a professional to speak on the subject, asking veteran wealth advisor Jake Falcon, CRPC, where the application succeeded and where it failed. Here's what the founder and CEO of Falcon Wealth Advisors had to say about ChatGPT's answer on how to become a millionaire. Where ChatGPT Succeeds What Falcon liked about ChatGPT's advice was its emphasis on practicalities. The nuts and bolts of sound planning and wealth building aren't a mystery, but they need to be adhered to if you're going to make any progress toward your financial objective. 'ChatGPT's response to 'How to Become a Millionaire' is surprisingly solid for a general audience — it's structured, motivational, and covers the basics well,' Falcon said. 'That said, there are a few areas where it shines and others where it falls short from my perspective.' Here are three examples where ChatGPT provided solid basic guidance, according to Falcon. Learn More: Emphasizing Consistency and Time 'The breakdown of how monthly investments compound over time is a great way to demystify wealth-building,' Falcon said. 'It reinforces the idea that becoming a millionaire is more about discipline than luck.' Highlighting Multiple Wealth Paths 'ChatGPT does a good job outlining the common routes — investing, entrepreneurship, real estate, and high-income skills,' Falcon explained. 'This gives readers a menu of options to explore based on their strengths.' Promoting Financial Hygiene 'Advice like 'live below your means,' 'avoid lifestyle inflation,' and 'track every dollar' is timeless. These are foundational habits I encourage with many clients,' he said. Where ChatGPT Falls Short Financial advisors know that investing is a highly personal activity, so ChatGPT's 'underplaying of behavioral finance' doesn't sit well with Falcon. 'Becoming a millionaire isn't just about math — it's about mindset. ChatGPT doesn't address emotional biases, fear of loss, or the discipline needed to stay invested during downturns. That's where human advisors add real value,' he said. ChatGPT falters in the details, those which financial advisors give such high priority for their clients. Here are three instances where ChatGPT fell flat for Falcon. Oversimplified Math 'While the investment projections are directionally correct, they lack nuance,' Falcon said. 'For example, assuming a flat 7% return ignores market volatility, inflation, and sequence-of-returns risk. Real-world planning requires stress testing — something ChatGPT can't do reliably.' No Personalization Similar strategies can't be used for every investor. 'The advice is generic,' Falcon stated. 'A 25-year-old software engineer and a 55-year-old teacher need very different strategies. As a wealth advisor, I tailor plans based on income, risk tolerance, tax situation, and life goals.' Missing Tax Strategy and Asset Location 'There's no mention of Roth vs. traditional accounts, capital gains, or tax-efficient withdrawals,' Falcon said. 'These are critical to maximizing wealth and often overlooked in DIY plans.' A Financial Advisor's Take A million dollars doesn't go quite as far as it used to, but hitting that wealth threshold is still the ultimate goal for many Americans. Unless you're a master tactician when it comes to creating comprehensive financial plans that cover the essentials — retirement, insurance, taxes, estate planning and major life transitions — you should see a human advisor before consulting ChatGPT for specific strategies on any important financial matter, including how to become a millionaire. 'ChatGPT is a great starting point for financial literacy. It can help people get motivated and understand the basics,' Falcon admitted. 'But when it comes to execution — especially for high earners or those nearing retirement — there's no substitute for personalized advice. 'You can Google 'How to change your car's oil,' but asking the internet on how to build the car probably isn't going to work. The same applies to wealth-building.' More From GOBankingRates New Law Could Make Electricity Bills Skyrocket in These 4 States I'm a Self-Made Millionaire: 6 Ways I Use ChatGPT To Make a Lot of Money 5 Strategies High-Net-Worth Families Use To Build Generational Wealth 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on I Asked ChatGPT and a Financial Advisor How To Become a Millionaire: Here's How Their Advice Compared Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

I Found the Comfiest Airplane Outfits at Amazon This Weekend—Styles Start at $31

Travel + Leisure

13 minutes ago

Travel + Leisure

I Found the Comfiest Airplane Outfits at Amazon This Weekend—Styles Start at $31

A comfy airplane outfit is nonnegotiable when I travel, especially when it comes to long-haul flights. But as a fashion writer, I always make sure I feel as stylish as I am comfortable. Amazon has recently become my go-to for travel-ready outfits that are on trend, cozy, and stretchy enough to move around in. Whether it's a two-piece set or even a maxi dress, Amazon is stocked with affordable options that I can't help but add to my cart. I've rounded up the nine best comfy airplane outfits on Amazon that are cozy enough to sleep in while staying on trend during a flight. Whether you're fitting in one more trip before the summer ends or gearing up for fall travel, these comfy outfits work for every situation, and options start at $31. This two-piece knit travel set proves that comfort and style can coexist. Plus, the coffee brown shade is perfect for any fall travel you might have coming up. The set includes a cuffed short-sleeve top and wide-leg matching bottoms for a casual yet stylish look. It's also travel-approved, with one shopper noting the set was 'comfortable [during] an 8-hour plane ride.' Effortlessly cool is the best way to describe this two-piece travel outfit. The chic apricot set features a sleeveless top and coordinating wide-leg track pants. In fact, it's so stylish that you could easily wear this set from the airport to dinner. One reviewer wrote that after wearing it comfortably during a full day of air travel, 'I wore it out to a casual dinner after my flight' instead of changing into another outfit. Shoppers describe this set as 'great for travel' and 'comfortable enough to sleep in.' What more could you ask for in a travel outfit? The cozy two-piece 'fit comes in a soft (and stylish) ribbed material, so don't be surprised if you turn a few heads in the airport. Plus, the quarter-zip sweatshirt features a convenient kangaroo-style pocket, and the jogger-style pants have an adjustable drawstring for an adjustable fit. Never underestimate the power of a good basic set. The T-shirt and joggers are made of lightweight fabric, which one reviewer said is 'perfect for traveling.' If classic black isn't your style, not to worry. The set comes in 40 color options, so you have plenty of hues to choose from. When it comes to comfy outfits, this knit set is clearly a shopper-favorite. This two-piece includes a ribbed knit cropped top and tapered knit pants. The ultrachic khaki shade looks fit for a first-class lounge, but the soft material gives it a luxuriously cozy feeling. Get ready to curl up mid-flight in this comfy two-piece lounge set. Between the quarter-zip sweatshirt and the high-waisted, wide-leg pants, this option guarantees comfort. Pair it with white sneakers for a sporty look, and your airplane outfit is ready for takeoff. Most sets on Amazon come with two pieces, so this three-piece lounge set is an instant attention-getter. The set includes a long-sleeve, lightweight cardigan, a tank top with cinched side detailing, and a pair of high-waisted lounge pants. Whether you wear it altogether or mix and match, each piece makes for a comfortable travel experience. For a more elevated take on a comfy airplane outfit, consider this trendy two-piece set. The short-sleeve, button-down top and flowy, wide-leg pants can easily be dressed up or down, so you can wear them to travel one day and to sightsee the next. Plus, the airy, breathable material is ideal if you run warm on flights. An easy-to-wear dress is another great airplane outfit option. This maxi dress is breathable and lightweight, and it will make you feel a bit more dressed up on the plane. Pair it with slip-on sneakers to breeze through TSA, and remember to have a cardigan or sweater on hand in case you get chilly during flights. Love a great deal? Sign up for our T+L Recommends newsletter and we'll send you our favorite travel products each week.