The crypto industry, which has been slumping for months, got a jolt of good news when Circle announced earnings on Wednesday morning. The stablecoin issuer revealed its revenue increased by 77% in the fourth quarter compared to a year earlier,…
While investors are busy pouring billions of dollars into humanoid robots, an MIT roboticist who has been making robots for three decades claims they are wasting their money. Rodney Brooks, the cofounder of Roomba vacuum creator iRobot, said the idea…
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Democratic lawmakers in Congress have launched an investigation into allegations that the US Department of Justice withheld files…
When software engineer Sammy Azdoufal sat down to steer his new DJI Romo robot vacuum with a PlayStation 5 video game controller, he didn’t expect to accidentally commandeer a global surveillance network. Using an AI coding assistant to reverse-engineer how…
Iranian officials are threatening to escalate any conflict with the US in the wake of an American attack, indicating they will reconsider the Islamic republic’s previous doctrine of limiting retaliation to contain confrontations with Washington. Major General Abdolrahim Mousavi, chief…
A divided Supreme Court on Tuesday ruled that Americans can’t sue the U.S. Postal Service, even when employees deliberately refuse to deliver mail. By a 5-4 vote, the justices ruled against a Texas landlord, Lebene Konan, who alleges her mail was intentionally withheld…
After meeting in graduate school at MIT, Michael Manapat and Yibo Ling embarked on different career paths. Manapat held chief technical roles at Stripe and Notion, while Ling led finance teams at Uber and Binance. Still, they both confronted a…
Willie Sutton famously said he robbed banks “because that’s where the money was.” The Consumer Financial Protection Bureau (CFPB) has taken the opposite approach: it goes where the money was taken—and gives it back to the people who were fleeced.…
A startup founded by former Uber and Gett executives that is aiming to roll-up independent real estate agencies across the U.K. and modernize their operations using AI and other digital technology has raised £69 million ($93 million) to further its…
S&P 500 futures were up 0.14% this morning after the index closed up 0.77% yesterday, a sign that traders feel that Monday’s 1% decline on fears that AI will trigger an economic doom cycle was overcooked. Instead, the stock markets…