Investing app Public acquires crypto IRA business for $65 million
The investing platform Public announced on Thursday it has acquired the crypto business of Alto, a firm that lets users add alternative assets to their retirement accounts. The move is…
MacKenzie Scott makes more ‘life-changing,’ record-breaking gifts to historically Black colleges and universities—totaling more than $400 million
“This gift is truly life-changing for our students and our community,” WSSU Chancellor Bonita J. Brown said in a statement. Her gift “transform lives, not just today, but for generations.…
New Cash App features let users send and receive stablecoins, pay merchants in Bitcoin
Suter did not say which stablecoins or which blockchains Cash App intends to support. “Our principles are to be chain and coin-agnostic right now, and to go where customers lead,”…
Top economist Mohamed El-Erian warns the AI bubble will ‘end in tears’ and credit ‘cockroaches’ abound
A key concern for El-Erian is the inadequate focus on diffusion—the process of getting AI into the workplace in a comprehensive and orderly manner. The U.S. currently lacks a comprehensive…
The ‘Big Short’ investor betting $1 billion against the AI bubble says Meta and Oracle’s accounting is hiding the brutal truth
“It’ll happen slowly, and then all at once.”Freed from the obligations of reporting and client management, Burry returned to X with a message that cut straight through the current AI…
AI isn’t a bubble—but it’s showing warning signs
Hello, Beatrice Nolan here, filling in for Sharon Goldman while she’s on vacation this week. Lately, there’s one question investors can’t seem to stop asking: Has the AI boom crossed…
Warren Buffett admits his original philanthropic plans were not ‘feasible’—he’s instead left his three kids $500 million a year to give away
Instead of a single sweeping plan, Buffett said he’s handing over most of his remaining wealth to his three children’s charitable foundations, allowing them to distribute about $500 million each…
Delta CEO slams ‘inexcusable’ shutdown that led to canceled flights and workers doing high-stress jobs without pay
“The reality is that there was stress, there was strain, it was completely unnecessary,” Bastian stated. He lamented that the aviation industry, its personnel, and its customers had to “bear…
Nvidia drags Wall Street toward its worst day in a month as AI superstars keep weakening
Questions have been rising about how much more superstar AI stocks can add to already spectacular gains. At the start of this month, Palantir was sporting a stunning rise of…
FAA is silent but airlines see a busy and healthy Thanksgiving travel season
A number of air traffic controllers missed work while they were going without pay during the shutdown, and the spike in understaffing at airport towers and regional control centers prompted…
