Quanisha Green first suspected something was wrong when she opened an email from the IRS urging her to claim a Trump Account for her two children. As a business advisor and college department director in Philadelphia, Green is used to navigating bureaucracy, but the discovery that nearly 70 million accounts had been automatically created for
Binance is nearing the end of a grueling recovery process following a staggering security breach that saw 6.3 billion dollars in cryptocurrency stripped from its user base. The company’s chief executive announced that roughly 90 percent of those lost assets have already been replenished, marking a significant step toward making victims whole after one of
The global cryptocurrency market was thrown into turmoil this week following a staggering cyberattack on Binance, the world’s largest exchange. In what is being described as the biggest heist in the history of digital assets, hackers managed to move more than 6 billion dollars through connected wallets in a lightning fast operation that lasted only
The United States economy showed surprising strength in the third quarter, growing at an annualized rate of 3.4 percent through September. This latest figure from the Commerce Department beat analyst predictions of 3.1 percent and represents a notable acceleration from the growth seen earlier this year. Much of this momentum was driven by steady consumer
The Federal Reserve opted to keep interest rates unchanged on Wednesday, choosing a path of cautious observation despite ongoing concerns over elevated inflation. Chairman Kevin M. Warsh signaled that the central bank feels it has enough flexibility to gather more data before making another move, noting that current evidence suggests the economy is not overheating.
Anthropic is preparing to enter the public market with an ambitious vision of transforming the global economy, but its official filing with the Securities and Exchange Commission reveals a startling level of anxiety about its own creations. While most companies use their initial public offering documents to warn investors about typical hurdles like competition or
A routine red eye flight from Las Vegas to Newark turned into a chaotic ordeal on Saturday night when a twenty five year old passenger allegedly threatened to hijack the aircraft. Shortly after takeoff, reports emerged of a passenger sending messages claiming he intended to seize control of the plane and crash it specifically into
The glittering promise of an artificial intelligence revolution may be hitting a wall of reality for the average American corporation. According to a recent analysis from Torsten Slok, the chief economist at private equity powerhouse Apollo Global Management, the massive wave of investment pouring into AI has yet to translate into actual profits for companies
Security teams spent this past week in a frantic race against time as they rushed to patch a series of PHP vulnerabilities known as PHP2Shell. While millions of exploitation attempts flooded networks almost immediately after the flaws became public, the real story lies in how those attacks were formulated. According to data from Cloudflare, the
The financial world is buzzing with speculation after Elon Musk suggested that a merger between Tesla and SpaceX could actually be a good idea. While Tesla’s recent earnings report painted a sobering picture of declining auto revenues and stumbling energy business, the numbers were quickly eclipsed by the possibility of combining the electric vehicle giant