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Senate blocks crypto-industry-backed Clarity Act bill

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Senate blocks crypto-industry-backed Clarity Act bill

The Senate on Tuesday blocked legislation to overhaul the regulatory framework for cryptocurrency markets, marking a major setback for the digital asset industry. The 50-49 vote halted the Clarity Act, which aimed to bolster anti-money laundering measures and split oversight between the Securities Exchange Commission and the Commodity Futures Trading Commission. The House passed the bill last year, but it has repeatedly stalled in the Senate. The setback sent Bitcoin down as much as 5%, while shares of Coinbase and Circle sank more than 10%.

2 min read A Admin

The U.S. Senate has blocked legislation that would establish a broad federal regulatory framework for cryptocurrency markets, dealing a major setback to an industry that has spent months pushing for clearer rules. Senators voted 50-49 on Tuesday against...

Starbucks tries to build buzz with viral Snoopy cup

Article

Starbucks tries to build buzz with viral Snoopy cup

Starbucks is trying to rebuild buzz and boost foot traffic by offering another viral cup — this time a limited-edition Snoopy glass that's already reselling for five times its $40 purchase price. The cup, part of a larger Peanuts merchandise launch that began at select stores Tuesday, depicts the iconic cartoon dog wearing a Starbucks-green scarf and orange beanie. While some customers lined up at 2 a.m. to successfully snag a cup, others lamented the fact that cups quickly sold out and weren't available at all Starbucks locations.

2 min read A Admin

Starbucks is once again using limited-edition merchandise to generate excitement around its stores, and this time Snoopy is driving the frenzy. The coffee chain launched a new Peanuts merchandise collection at select locations Tuesday, featuring a...

'Widow's Bay' sweeps Emmy Awards in major coup

Article

'Widow's Bay' sweeps Emmy Awards in major coup

Apple TV's "Widow's Bay" swept the 78th Primetime Emmy Awards Monday night, with its total haul of 14 statuettes setting a new record for the most wins by a comedy series in a single year. The first-year series helped give the streamer its best-ever Emmy showing, as it led all outlets with 28 wins. (Fellow freshman Apple TV series "Pluribus" collected six awards.) Perennial Emmy favorite HBO Max was close behind with 21 wins, including seven apiece for "DTF St. Louis" and "The Pitt."

3 min read A Admin

Apple TV had a historic night at the 78th Primetime Emmy Awards on Monday, with its breakout comedy series “Widow’s Bay” leading a record-setting performance for the streaming service. The first-year series collected 14 statuettes, setting a new record...

Women athletes fire back at Sydney Sweeney Novig ad

Article

Women athletes fire back at Sydney Sweeney Novig ad

The backlash continues for Novig's provocative Sydney Sweeney ad — and this time the outrage is coming from women athletes. A number have posted on LinkedIn to express their disappointment at the prediction market's depiction of Sweeney in various states of undress, using the tagline, "This is what a woman in sports looks like." Runner Paola Handley decried the ad as "frustratingly tone deaf," while elsewhere, Australian Olympian Ariarne Titmus considered it, "a kick in the face to every woman who has dedicated her life to perfecting her craft."

3 min read A Admin

Novig’s provocative advertising campaign featuring actress Sydney Sweeney is facing a new wave of criticism, this time from women athletes who say the campaign sends the wrong message about women in sports. The prediction-market company’s ad, which...

Disney mandates more workers return to office

Article

Disney mandates more workers return to office

Disney is requiring that some remote members of its product and tech teams return to the office four days a week, NCCapital reports, citing an unnamed source. The change brings those teams more closely into alignment with the company's overall in-person policy. Employees who don't agree to return can be fired. Disney has tightened its RTO mandates since Josh D'Amaro took over as CEO and instituted a "One Disney" vision. Some on LinkedIn see the step as necessary to boost collaboration, while others question the impact on quality of life.

3 min read A Admin

Disney is tightening its return-to-office requirements, with some remote employees across its product and technology teams now being asked to work from a company office four days a week, according to Business Insider, which cited a person familiar with the...

Apple maps out AI-heavy hardware refresh through 2027

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Apple maps out AI-heavy hardware refresh through 2027

While Apple's new foldable iPhone Duo was its marquee product launch last week, the company has plenty more in the pipeline. Led by new chief executive John Ternus, it released its new operating system for the iPhone, iOS 27, on Monday and is planning an extensive hardware refresh centered on Siri-focused artificial intelligence, which will span Macs, iPads, iPhones and smart-home devices. Entry-level iPhones and tablets will gain faster chips, and Apple aims to extend the lineup into smart glasses and home security products late next year.

3 min read A Admin

Apple’s new iPhone Duo may have been the headline act at the company’s September launch, but the foldable device appears to be only the beginning of a much broader product push under new CEO John Ternus. With Ternus now leading the company, Apple is...

10-year Treasury yield reaches highest level since 2007

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10-year Treasury yield reaches highest level since 2007

The 10-year Treasury yield soared past 5% on Tuesday, marking its highest level since 2007, just one day ahead of the Federal Reserve's looming decision on interest rates. The yield rose five basis points to 5.04%, driven higher by a surge in oil prices, as escalating Middle East tensions heightened the risk that higher energy costs could add to inflationary pressures. Markets are now pricing in a 90% chance that the Federal Reserve will raise interest rates at its policy meeting this week.

3 min read A Admin

The 10-year U.S. Treasury yield surged above 5% Tuesday, reaching its highest level since 2007 as investors confronted a combination of rising oil prices, renewed inflation concerns and expectations for another Federal Reserve rate increase. The benchmark...

OpenAI acquires startup Glass Imaging for $300M

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OpenAI acquires startup Glass Imaging for $300M

OpenAI has acquired Glass Imaging, a startup that develops AI imaging technology for smartphone cameras, NCCapital reports, citing unnamed sources. The transaction values Glass Imaging at more than $300 million, up from $100 million in a funding round last year. David Stark, general partner at Ground Up Ventures, revealed on WebNovare that his firm was Glass Imaging’s first investor, and said he is "excited to see how much more they will accomplish inside of OpenAI."

3 min read A Admin

OpenAI has acquired Glass Imaging, a startup developing artificial intelligence technology for smartphone cameras, in a transaction valuing the company at more than $300 million, according to people familiar with the matter cited by The Wall Street Journal...