Category: Business

Genesis Global Trading, one of crypto’s oldest and most storied institutions, is in dire straits. In November, in the wake of the implosion of the crypto exchange FTX, the company’s lending unit was forced to freeze customer withdrawals—never a good sign. Almost two months later, Genesis is reportedly on the brink of bankruptcy. Although Genesis has […]

It’s a cliche to say hindsight is 20/20, but as shortages and supply chain issues continue, it definitely feels valid for shoppers. If only we could go back and tell our pre-pandemic selves to buy extra hand sanitizer and toilet paper. Certainly, some supply chain shortages and issues caused by the pandemic — and, in […]

Dive Brief: Energy and c-store company R.H. Foster Energy has acquired six Leadbetter’s c-stores in Bangor, Holden and Bucksport, Maine, according to an emailed press release. The locations will be rebranded to R.H. Foster’s Freshies c-store banner. Two other Leadbetter’s locations that are not part of the acquisition will continue under their current banner. R.H. […]

Shortly after taking over Twitter, Elon Musk laid off around 50 percent of the company’s staff. On the same day, he tweeted that all those laid off would receive three months of severance pay. But, after two months of waiting for the company to say what kind of severance and benefits will be available, several former Twitter […]

After months of compiling notes and practicing pitches, contestants walk down a long, cavernous hallway, pass through wood-grain double doors and enter the scorching cone of the spotlight. The piercing gaze of their interrogators — who seem more like executioners — is hotter still. Most contestants probably mutter to themselves “How did I get here?” […]

Dive Brief: Jacksons Food Stores is facing a lawsuit from two people claiming the convenience store retailer violated a Portland, Oregon, city ordinance by using facial recognition technology in its stores, according to filings in U.S. district court. The lawsuit also states that although Jacksons implemented the software to assist in the identification and prosecution of shoplifters, […]

Late last year, I attended an event hosted by Google to celebrate its AI advances. The company’s domain in New York’s Chelsea neighborhood now extends literally onto the Hudson River, and about a hundred of us gathered in a pierside exhibition space to watch scripted presentations from executives and demos of the latest advances. Speaking remotely from […]

There are hundreds of rivers on Earth’s surface, moving freshwater from hills and mountains down to larger rivers, lakes, and oceans. Thanks to the planet’s natural slopes and ridges, falling rain that isn’t absorbed by soil or evaporated also ends up in nearby rivers. This area—where all flowing surface water converges—is called a river basin, […]

The holidays have gone and the awkward office parties are behind us. As we enter 2023, some of us are embracing new habits and leaving behind some of less-than-healthy choices — at least for a month. Say hello to #DryJanuary. If you’re one of the many who embrace #DryJanuary and have decided to kick dry […]

It’s a rhetorical question, but LeBeau’s statements when we met in Workrooms for an interview several weeks ago suggest he objects to the premise. For one thing, people don’t spend their lives in VR—typically sessions last 15 minutes to an hour, rarely more than two, he says. The cost is on average less than many […]