Why Visa, Burberry, and McDonald’s are all seeing a slow down in profits
Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate...
View ArticleThis is what was likely behind the most recent stock market blowup
One of the ironies of the burst of volatility that just blindsided financial markets is its inevitability. Trades that are only feasible — and only highly profitable — in a world of low volatility are...
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Teenage Engineering goes medieval with its craziest product yet
Teenage Engineering calls its new digital music sequencer an instrumentalis electronicum, “the ultimate, and only, medieval beat machine.” I call it coolium thingamajignus because the EP-1320 embodies...
View ArticleWhy NASA says Boeing Starliner astronauts could be using SpaceX to return to...
NASA has contingency plans to return astronauts Butch Wilmore and Suni Williams to Earth on board a SpaceX Dragon capsule, NASA commercial crew manager Steve Stich says, but no final decision has been...
View ArticleElon Musk’s Grok chatbot spewed election disinformation
Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week here. Elon Musk’s Grok spewed...
View ArticleU.S. to loan $1.45 billion to help a South Korean firm build the solar supply...
The federal government is making its first loan to a crystalline silicon solar plant, loaning $1.45 billion to support a South Korean company’s bid to build up key parts of the solar supply chain...
View ArticleNervous about a meeting? New research says you can make your anxiety work for...
We’ve been told that the best entrepreneurs are confident public speakers who show no sign of anxiety. However, a new study published in the Journal of Business Venturing suggests that anxiety doesn’t...
View ArticleTrump-themed crypto crashes as sons Don Jr. and Eric seem to hint at a new...
Donald Trump might be positioning himself as the crypto candidate, but when it comes to tokens, he may not necessarily have the Midas touch. The DJT token, which “Pharma Bro” Martin Shkreli claims to...
View ArticleMore homeowners are refinancing their loans after mortgage rates dropped
A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments. The Mortgage Bankers Association (MBA)’s refinance index, which tracks...
View ArticleDelta slapped with class action lawsuit after July’s CrowdStrike outage that...
Delta Air Lines is facing a class action lawsuit, which claims the airline refused to give refunds following a global technology outage last month. Among airlines, Delta was by far the hardest hit by...
View ArticleSome TikTokers recommend keeping a work burn book, but is it really a good idea?
Burn books are showing up in offices, and just like Mean Girls‘s high school principal, we’re scared and about to sound the alarm. The movie’s “burn book”—the notebook where Regina George and her...
View ArticleSamsung recalls more than 1 million electric ranges for stovetops after fires...
Samsung is recalling more than 1.12 million electric ranges used for stovetops after reports of 250 fires and dozens of injuries. According to a Thursday notice from the U.S. Consumer Product Safety...
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The Olympic pool for diving and water polo gets its heat from data centers
As Olympic athletes jumped off diving boards and flipped through their artistic water sports routines in Paris, they were doing so in a pool heated by a nearby data center. The Aquatics Centre, a...
View ArticleFTX ordered to pay $12.7 billion to customers
A U.S. court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to its customers, the Commodity Futures Trading Commission (CFTC) said on Thursday. FTX drew customers in...
View ArticleBumble cuts revenue outlook and slows some monetization efforts
Bumble shares slumped nearly 36% to a fresh record low after the women-centric dating app slashed its annual sales growth forecast and paused some revenue-generation efforts, turning the spotlight on...
View ArticleAfter winning over the NBA, Amazon Prime Video sets its sights on Hollywood
When Mike Hopkins was approached about leading Amazon Prime Video, his view of the streaming service matched one held widely in Hollywood—it was nothing more than a perk for subscribers of the online...
View ArticleS&P 500 jumps 2.3% on its best day since 2022—turning around a brutal start...
U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy. The S&P 500 jumped 2.3% for its best...
View ArticleAlaska’s capital is flooding from a glacial dam outburst—a new normal with...
More than 100 homes in Alaska’s capital Juneau have been damaged by a glacial dam outburst north of the city, an increasingly frequent phenomenon exacerbated by climate change. The flooding began on...
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NYC nightlife is getting a ‘brat’ bump
Charli XCX’s electropop album brat has blown up online. The album’s signature neon green and blurry Arial Narrow font has been used as advertising fodder for Kamala Harris’s presidential campaign,...
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In the face of more extreme fire seasons, firefighters are organizing for change
After wildland firefighter Ben McLane fought California’s deadliest fire, he started second-guessing his line of work. The November 2018 Camp Fire near Paradise had killed 85 and leveled 18,000 homes....
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