A $4 Billion Hedge Fund Is Shorting Tether"s Stablecoin
Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators. Decrypt reports: According to clients of the firm and reported by Bloomberg, Fir Tree has constructed a.....»»
Where flood policy helps most—and where it could do more
Flooding, including the devastation caused recently by Hurricane Helene, is responsible for $5 billion in annual damages in the U.S. That's more than any other type of weather-related extreme event......»»
Nio secures $1.9 billion injection from parent, shareholders
A cash burn has triggered analysts’ concerns, and Nio, which has never been profitable, reported a 4.5 billion yuan second-quarter loss, though sales surged to 17.5 billion yuan......»»
Workplace well-being programs often don"t work—but here"s how to make them better
The World Health Organization (WHO) has just published alarming statistics showing that employee mental health issues result in a US$1 trillion (£747 billion) loss in productivity each year. The WHO has called on employers to take urgent action by i.....»»
ChatGPT subscription cost could potentially double in a few years; OpenAI raising $7 billion
According to a report from The New York Times, OpenAI is planning on gradually increasing the price of ChatGPT+ over the course of the next five years. This information was obtained from internal documents that are being circulated to potential inves.....»»
Apple not investing in OpenAI after all, new report says
Apple is no longer planning to invest in OpenAI, according to a new report from The Wall Street Journal. This comes as OpenAI plans to close a $6.5 billion funding round next week, with investments possible from both Microsoft and Nvidia. more….....»»
BMW recalls more cars over new issue with Continental"s brakes
The action highlights fresh issues with Continental parts after BMW was forced to recall 1.5 million vehicles over an electric component fault that may cost the automaker $1.11 billion to fix.....»»
Grocery stores that donate expiring food instead of price discounting or discarding make higher profits, says researcher
All major supermarkets and retailers that sell groceries, such as Kroger, Walmart and Costco, give large amounts of food to food banks and pantries. In 2022, retailers donated close to 2 billion pounds of food across the United States, which amounted.....»»
New research offers fresh hope to curb illegal orchid trafficking in Vietnam
Orchids, with their captivating beauty, have become a multi-billion-dollar industry. Unfortunately, many species are on the brink of extinction, particularly in Vietnam, due to unsustainable wild harvesting and minimal enforcement of laws restricting.....»»
‘That’s weird’: This galaxy could help astronomers understand the earliest stars
Astronomers using the James Webb Space Telescope have spotted a weird galaxy that originated just a billion years after the Big Bang......»»
Editorial: Ugly presidential politics, not national security, blocking U.S. Steel acquisition by Nippon Steel
Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel has been wrongly sidetracked by presidential politics. It should be approved......»»
Can the "hard steps" in the evolutionary history of human intelligence be recast with geological thresholds?
What took so long for humans to appear on Earth? The Earth is 4.6 billion years old, and life began about 4 billion years ago, yet humans—the only intelligent, technological species we know of in the universe—have existed only for the last 200,0.....»»
Microchip can save millions of liters of milk from going down the drain
Large amounts of the food we produce do not end up in our stomachs, but in landfills, sewers, or elsewhere. According to the UN, in 2022, this was the fate of 1.05 billion tons of food, which ended up as food waste—corresponding to approximately 13.....»»
White House picks Monroe Capital to develop $1 billion fund for auto suppliers
The fund will help smaller firms along the supply chain gain access to capital in what is an underserved market in finance, despite being a trillion-dollar industry, CEO Theodore Koenig said......»»
PepsiCo North America CEO makes a color-coded pie chart of his waking hours to help him lead $27 billion beverage division
PepsiCo North America CEO makes a color-coded pie chart of his waking hours to help him lead $27 billion beverage division.....»»
Fed jumbo rate cut puts pressure on money market fund investors
Fed jumbo rate cut puts pressure on money market fund investors.....»»
N.Y. pension buying Vista stake tied to late billionaire Brockman
New York State Common Retirement Fund agreed to pay as much as $350 million for Vista Equity Partners fund stakes tied to late billionaire Robert Brockman, an original investor in the private equity firm, according to people familiar with the matter......»»
A record of the Earth’s temperature covering half a billion years
With one exception, a strong link between carbon dioxide and global temperatures. Enlarge / The cycle of building and breaking up of supercontinents seems to drive long-term climate trends. (credit: Walter Myers/Stocktrek Images).....»»
Life might thrive on the surface of Earth for an extra billion years
The sun is midway through its life of fusion. It's about 5 billion years old, and though its life is far from over, it will undergo some pronounced changes as it ages. Over the next billion years, the sun will continue to brighten......»»
New study takes the Earth’s temperature over a half-billion years
With one exception, a strong link between carbon dioxide and global temperatures. Enlarge / The cycle of building and breaking up of supercontinents seems to drive long-term climate trends. (credit: Walter Myers/Stocktrek Images).....»»
A $1 billion solar cell factory is coming to this U.S. state — and hundreds of new jobs are on the way
A $1 billion solar cell factory is coming to this U.S. state — and hundreds of new jobs are on the way.....»»