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No current need for CBDC, Central Bank of Chile finds
Poll respondents say CBDCs could benefit Chile's economy and even promote financial inclusion, but one problem hinders the country from launching one—consumer acceptance. [...] Read … more
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Tether refutes Deutsche Bank research revealing stablecoin solvency risks
Deutsche Bank analysts warn of stablecoin risks, citing Tether's lack of transparency. The post Tether refutes Deutsche Bank research revealing stablecoin solvency risks appeared first on Crypto … more
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Microsoft invests $2.2 billion to fuel Malaysia’s cloud, AI infrastructure
Microsoft will provide artificial intelligence skilling opportunities for up to 200,000 Malaysians to fuel the rising AI drive, relying on key partnerships with civil society organizations in the … more
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Dave Ramsey has new words on employees, time off and consequences
There are certain "dumb mistakes" Ramsey urges people not to make. more
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Canfor to shutter B.C. sawmill, curtail Prince George pulp mill
Canfor has announced it is permanently closing its Polar sawmill in Bear Lake, B.C., shutting a production line at its Northwood Pulp Mill in Prince George, and suspending its "planned reinvestment" … more
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Cancer survivor says embryos created with an ex-husband are her last chance to conceive a child. Ex-husband wants to avoid procreating against his will.
A Virginia judge will rule on the treatment of two embryos created by a couple that divorced. more
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Caramelized garlic steak in salads and protein bowls raises carbon-neutral concerns
Sweetgreen’s rationale for the controversial menu addition this week includes using regenerative farming. more
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Microsoft employees stunned after it shuttered multiple Xbox video-game studios
These cuts at Xbox come amid a wider contraction in the video-game industry due to economic shifts following a period of rapid growth during the pandemic. more
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Billionaire Florida transplant says elite school shortfall in Miami hampers expansion
Competition over spots in the handful of highly ranked private institutions has been fierce, and efforts to lure in new schools have collapsed. more
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Amid Tesla’s bloodletting, top exec sends Musk a message: The company has 'taken its pound of flesh'
Lead exec in charge of product launches resigned suddenly after seven years. more
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‘The lower income consumer in the U.S. is stretched’: Pepsi’s CEO isn’t the only executive worried about the economy
“As you know, the consumer is under pressure, especially the lower income households,” Tyson's Chief Growth Officer Melanie Boulden said. more
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Hugh Grant speaks for all on Apple’s horrific new ad: ‘The destruction of the human experience. Courtesy of Silicon Valley’
The ad shows a hydraulic press crushing just about every creative instrument artists and consumers have used over the years to produce a new iPad Pro. more
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GM confirms the death of the Chevy Malibu, the last Detroit midsize model
Last year midsize cars made up only 8% of U.S. new vehicle sales, but it was 22% as recently as 2007. more
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Gen Zers only plan to have one kid—and that’s bad news for our graying nation
The number of young women who don't want more children has almost doubled over the last five years. more
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Even after cramming its video game with Walmart ads and billboards, Roblox struggles to tap into the wallets of extremely online Gen Alpha
The gaming platform this week reported its lowest growth rate in gaming time in two years. more
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Trump promises oil execs to end EVs once and for all in exchange for $1 billion in campaign donations, Washington Post reports
The presidential candidate vowed to kneecap the already beleaguered EV sector in a meeting with oil execs. more
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How college dropout and SmartSweets founder Tara Bosch went from a McDonald's job to selling her company for $360 million
The 29-year-old, who has an estimated net worth of $200 million, is still the majority owner in her low-sugar candy company that made her a millionaire. more
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Boeing-made jet caught fire and veered off a runway, forcing passengers to escape
It was the third incident involving a Boeing airplane this week. more
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U.K. CEOs are facing off with shareholders to get U.S.-level pay. They might just get it
CEOs are being forced to defend their pay hikes, but the public doesn't seem to care as much as they used to. more
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Ethereum Co-Founder Joe Lubin: SEC Wants to Create 'FUD', Push Crypto Offshore
Joe Lubin characterized the regulator's sending of a Wells Notice to crypto firm Consensys as "an attempt to paralyze us." more
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India eyes extension of CBDC pilots to money market instruments, securities tokenization
Apart from piloting India's CBDC in commercial papers and certificates of deposits, the Reserve Bank of India is also looking to make e-rupee transferable offline, bringing it to par with cash. … more
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Congress could soon spell the end of employment arbitration—but it’s not all good news for American workers
Previous studies into employment arbitration have missed key points, new research suggests. more
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Stakeholder group backs EU regulator’s proposals on digital asset definitions, solicitation rules
The Securities and Markets Stakeholder Group voiced its support of the ESMA's approach to the reverse solicitation exemption on 'crypto' assets, citing consistency with investor protection. … more
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EU Regulator Considers Approving Bitcoin for UCITS Products
The EU securities regulator is reviewing whether to allow Bitcoin assets into its €12 trillion mutual fund market, potentially opening the door to major mainstream adoption. more
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Core Scientific Rises from Ashes, Reports $210 Million Gain in Q1 2024
Core Scientific’s Q1 2024 earnings highlight a $150 million revenue boost and a $210 million net income recovery. The post Core Scientific Rises from Ashes, Reports $210 Million Gain in Q1 2024 … more
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