The New York Stock Exchange announced a plan to put thousands of stocks on the blockchain. But one academic calls it “smoke and mirrors,” pointing to a lack of specifics and a conflict with its existing business model.
German Larrea’s fortune hit $71.6 billion while Iris Fontbona’s wealth jumped 91% to $55.6 billion in the past 12 months. Their pure-play copper companies have massively outperformed diversified mining giants as investors chase direct exposure to the red metal.
The tech boom in Seattle is turning to gloom with a new wave of major layoffs. Amazon is cutting another 16,000 corporate roles, while Meta and Expedia slash hundreds more. Local leaders call it the scariest economic time since 2009.
Apple is set to report fiscal first-quarter earnings after the bell on Thursday. Wall Street expects strong iPhone 17 holiday sales but is worried about rising memory costs and the path to AI monetization.
According to new testing, Intel’s Panther Lake chips deliver nearly 15 hours of battery life in Windows laptops, finally competing with Apple’s endurance. While the M5 wins on single-core speed, Panther Lake offers superior integrated graphics for gaming.
Microsoft revealed that OpenAI accounts for roughly 45% of its massive $625 billion cloud backlog. The disclosure spooked some Wall Street analysts, contributing to a more than 6% drop in after-hours trading.
TP-Link Japan has announced the Omada EAP787, a ceiling-mount Wi-Fi 7 access point for businesses. Its key feature is a dedicated RF scanning antenna that monitors for interference without impacting client traffic.
Elon Musk is scrapping the Model S and X to build Optimus robots, as Tesla’s car sales decline. Analysts say 80% of Tesla’s future value now hinges on robotaxis and AI, not vehicles.
Indiana is moving forward with a state-backed plan to try and pull rare earth elements from its massive piles of coal waste. The effort, led by Gov. Mike Braun, seeks to turn an environmental liability into a strategic asset. But the economics are notoriously tough.
CISA has published its initial guidance on what kinds of hardware and software need to be “quantum-resistant.” The list, created with the NSA, is a roadmap for federal procurement and a warning to every organization using encryption.
