As Nevada regulators continue to investigate safety episodes that have occurred in the tunnels Boring Company is digging below Las Vegas, two Nevada legislators have written a letter to Nevada Gov. Joe Lombardo, demanding a “comprehensive plan” to address concerns…
Tether, the world’s largest stablecoin company, announced on Tuesday that it has signed a Big Four accounting firm to complete its first full audit. The move stands to give the company, which has long faced criticism over its lack of…
Tech executives have offered foreboding visions of the future of work due to AI, with ServiceNow CEO Bill McDermott predicting unemployment will exceed 30% in a matter of years. But Perplexity CEO Aravind Srinivas says that’s nothing to be afraid…
When the bombs started raining down on Iran on February 28, many business leaders hoped the conflict would be short and the economic effects would be transient. Neither has turned out to be the case. In the latest sign that “war effects” are becoming embedded, the…
Back in high school, Yaxel Lendeborg wasn’t even on the basketball team (and had even been cut from the middle-school team) and played video games 12-14 hours each day. Now, the Michigan Wolverines Forward is the Big Ten Player of…
President Donald Trump took a surprise tour of Elvis Presley’s Graceland on Monday while in Memphis, a diversion from the war in Iran and efforts to address long lines at U.S. airports during which he marveled at just how famous…
Good morning. The single-point forecast is no longer fit for purpose. Scenario planning has become boardroom shorthand for preparation to deal with the unknowable, my colleague Geoff Colvin writes in a Fortune feature titled “For CEOs, it’s time for a…
As of 8:15 a.m. Eastern Time today, oil is trading at $102.47 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $1.03 above yesterday morning’s level and $29.44 higher than where it stood a year ago.…
The giant asset manager Invesco revealed on Tuesday that it will run a crypto investment vehicle known as the Superstate Short Duration US Government Securities Fund (USTB), which holds over $900 million in assets under management. Like BlackRock with its…
Good morning. Energy leaders from around the world are in Houston right now for the annual CERAWeek gathering, organized by S&P Global. A major theme, of course, is the effective closure of the Strait of Hormuz, which has cut off…