Binance names cofounder Yi He as new co-CEO
“I am honored to build alongside Richard, who brings decades of experience in regulated financial markets and was among the first to regulate crypto in its early days,” said Yi…
Michael Dell, who’s donating $6.25 billion to ‘Trump Accounts’ for kids, says a childhood savings account changed his life
In some ways, it changed his. “When I was about 6 or 7 years old, I got a passbook savings account. I had maybe $6 or $7 in it. I’d…
Anthropic considers IPO despite warnings that excess liquidity is blowing a bubble in the markets
“The value of OpenAI subscriptions in the major European markets declined slightly in June and has been little changed since then … Unlike in the past two years, the pace…
The labor market feels so awful right now because companies are doing everything bar announcing mass layoffs, says the Fed
If a company wants to reduce its headcount, there are several levers it can pull. It could freeze hiring in order not to grow any further, or when people leave…
How Anthropic’s safety first approach won over big business—and how its own engineers are using its Claude AI
The most interesting findings of the report were how using Claude made the engineers feel about their work. Many were happy that Claude was enabling them to handle a wider…
Why time is becoming the new currency of giving
This holiday season, many families are feeling stretched. Budgets are tight and life feels heavy. But there is a quiet evolution happening across the country. More Americans are discovering that…
Exclusive: Billionaire Michele Kang launches $25 million U.S. Soccer institute that promises to transform the future of women’s sports
Billionaire Michele Kang has made a splash in women’s sports with her goal of professionalizing women’s soccer. She owns the Washington Spirit, the London City Lionesses, and OL Lyonnes, and…
CEO of $5.6 billion Swiss bank says country is still the ‘No. 1 location’ for wealth after voters reject a tax on the ultrarich
Switzerland is doubling down on its status as a rich-friendly haven after rejecting a tax on the ultrawealthy. Despite competition from other countries, one banking executive says it will remain…
Vanguard has a change of heart on crypto, lists Bitcoin and other ETFs
Vanguard has about $11 trillion in assets and more than 50 million customers. The move means that investors of all kinds can now buy and sell crypto ETFs. The firm has,…
A Supreme Court decision could put your internet access at risk. Here’s who could be affected
How we got here: In 2019, a court ruled against Cox and awarded Sony $1 billion in damages for the 10,017 songs at issue. An appeals court threw out the monetary…
