general news

Why America Should Ban Crypto

The Bitcoin logo on a Coinstar cryptocurrency ATM at a grocery store in Washington, Jan. 19. Photo: stefani reynolds/Agence France-Presse/Getty Images In the US in recent years, privately owned companies have issued thousands of new cryptocurrencies, large and small. These have subsequently become publicly traded without any governmental pre-approval of disclosures. In some cases, a …

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Meta wins bid to buy VR startup Within Unlimited, beating US FTC in court: report

A California judge on Wednesday denied the Federal Trade Commission’s bid for a preliminary injunction to block Meta Platforms Inc.’s proposed acquisition of VR startup Within Unlimited. The sealed decision from federal judge Edward Davila of San Jose, Calif., does not preclude the agency from pursuing a separate case to block the deal, according to …

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15 students in Mexico treated for internet drug ‘challenge’

MEXICO CITY — Fifteen grade school students in Mexico have been treated after apparently taking part in an internet “challenge” in which groups of students take tranquilizers to see who can stay awake the longest. The incident occurred Monday in the north-central city of Guanajuato. It came just days after health authorities issued a national …

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Apple earnings may rely on an unlikely hero amid iPhone uncertainty

Apple Inc. was saved in its last earnings report by an unlikely hero, and the same dynamic may show up in the tech giant’s holiday earnings. Macs posted record revenue of $11.5 billion that was more than $2 billion ahead of expectations in the September quarter, making up for a shortfall in Apple’s AAPL, -2.07% …

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Opinion: Big Tech’s squeeze of technology innovators is costing you more for apps and other internet services

Over the past three decades, American innovation has played an outsized role in defining, inventing and deploying the wireless technology that helps tuck the world into our back pocket. But if US legislators don’t take action to foster and protect homegrown development, the country risks ceding its global leadership position. In 1993, AT&T, -0.25% It …

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AI Generated Art for a Comic Book. Human Artists Are Having a Fit.

Kris Kashtanova says doing the art for the graphic novel “Zarya of the Dawn” was like conjuring it up with a spell. β€œNew York Skyline forest punk,” the author typed into an artificial intelligence program that turns written prompts into pictures. Then came the tinkering with the wording to get the right effect. Crepuscular rays. …

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Pension Investments in Private Credit Hit Eight-Year High

North American pension-fund investment in private-market loans reached an eight-year high in 2022, even as banks pulled back on lending and default rates increased upward. The average share of these retirement funds parked in the illiquid, typically unrated debt has crept up steadily to 3.8%, the highest on record, according to analytics company Preqin. Though …

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Economy Week Ahead: US Interest Rates, Labor Market in Focus

Tuesday The Labor Department releases its employment-cost index for the fourth quarter, which captures employers’ labor costs by measuring wages and benefits paid to workers. Wage gains have been historically strong, fueling but not keeping pace with inflation. The European Union’s statistics agency releases fourth-quarter gross domestic product for the 19-nation eurozone. The combination of …

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