If you thought nabbing a few insider traders would quell politicians’ concerns about prediction markets, think again. Loading audio narration… “I don’t think it’s enough,” Democratic Rep. Alexandria Ocasio-Cortez of New York said. “I think there’s a lot of work that we have to do on prediction markets.”Last month saw…
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Hyundai confirmed to Business Insider that it will stop selling the Korean-built, standard Ioniq 6 in the US.The retro-styled sedan never matched the success of its crossover sibling, the Ioniq 5 (which the company said saw a surprising 33% sales year-over-year increase in February and another 14% increase in March).Hyundai said it sold just 229 Ioniq 6 units in February.”Sedan sales have declined a lot over the past decade, and the Ioniq 6 is no…
USD/JPY turns flat in the day after diving to a daily low of 155.48 during…
Apple is playing catch-up with surging demand for its Mac Mini, which has gotten an…
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Big Tech’s AI spending is surging, though not necessarily because companies are building significantly more capacity. Loading audio narration… This week, industry executives pointed to the same underlying issue: sharply rising component costs, especially for memory chips, are inflating capital expenditures spent on data centers and other equipment.”We are increasing…
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Thermos is recalling more than 8 million food jars and bottles after a dangerous defect caused stoppers to “forcefully eject,” leaving some consumers blind. The Illinois-based company’s recall impacts about 5.8 million Stainless King Food Jars and 2.3 million Sportsman Food & Beverage Bottles sold over more than 15 years,…
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The deepest hole humans have ever drilled into the Earth is just 12.3 kilometers, about 0.2% of the distance to the planet’s core. That effort, the Soviet-era Kola Superdeep Borehole, took more than 20 years to complete. And despite decades of technological progress since, we haven’t gone any deeper. So…
