Meta Settles Social Media Addiction Case, Avoiding Trial
The case, brought by an 18-year-old Mississippi woman and set for trial next week, was the fourth of nine bellwether personal injury lawsuits.
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Sources: The New York Times
Binance Lost Over $6 Billion in Crypto Hack. Here’s What to Know.
Hackers made off with around $6 billion in digital currency in what could be the biggest crypto heist in history. Binance said it will cover the losses.
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Binance Hack Sends Crypto Stocks Tumbling
The rout hit publicly traded crypto exchanges and fintech companies, as well as cryptocurrencies like Bitcoin.
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The Tech Tumult Rocks Wall Street
Investors are growing nervous about the huge spending bills that tech giants are amassing to pay for their bets on artificial intelligence.
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Tech Stocks See Worst Day Since June, Pressuring Broader Market
The Nasdaq and the S&P 500 had their worst day since June as investors worried about spending on A.I. infrastructure.
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High Prices Haunt Trump and the GOP on Eve of the Midterms
A backlash over high prices helped Republicans capture a majority in 2024. Now, it may be the source of the party’s own undoing.
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New York Bought an Electric Ferry. The City Can’t Charge It.
Locations across the country want to launch electric ferries to cut carbon emissions, but there are challenges to the rollout.
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How One Country Became the Unlikely Crossroads of the Global A.I. Boom
In Malaysia, U.S. and Chinese tech giants are pouring billions into vast data centers, straining local resources and testing the limits of Washington’s restrictions on advanced chips.
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A Powerful Mosquito-Hunting Laser Uses A.I. to Zap Winged Pests
Using sensors developed for self-driving cars, a Chinese start-up claims it can track and destroy tiny flying targets while avoiding people, pets and reflective surfaces.
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Binance Suspends Withdrawals After Crypto Hackers Steal $6.3 Billion
The crypto exchange said it was compromised in what could be the biggest crypto heist ever. One research lab attributed the theft to “North Korea’s elite hacking unit.”
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Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses
The world’s largest crypto exchange suspended deposits and withdrawals after an apparent hack.
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Polymarket Is Investigating Suspicious Bets on Israeli Election
The company said it was looking into hundreds of new accounts that had placed wagers in two markets related to the election on Tuesday.
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Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall St.
Amazon became the latest tech company to announce swelling investments in A.I. amid stumbling share prices.
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U.S. GDP Increased 3.4% in Third Quarter
The economy grew 3.4 percent in the third quarter, the fastest pace in a year. Strong spending and growth contrast with the poor marks many voters are giving the economy.
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Inflation Accelerated in October, PCE Index Shows
The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady.
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Microsoft Up, Google Down. A Tale of Two Hyperscalers.
Investors are showing little patience for lavish spending and meager returns on companies’ artificial intelligence bets.
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Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?
The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.
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Its Investors Say Kalshi Is Worth $40 Billion. Is an I.P.O. Next?
The prediction market raised $1 billion in a new funding round and landed a market value almost double that of rival Polymarket. But legal challenges to its business persist.
Read on The New York Times →