As the first-ever former or sitting U.S. president to be a convicted felon, former President Trump faces many unprecedented questions — including whether he is barred from traveling.
The big picture: Trump is scheduled to be sentenced on July 11, and the result may determine if he's allowed to leave the U.S. and enter other countries as a convicted felon.
ABC News' World News Tonight anchor David Muir will interview President Biden Thursday in Normandy, France, during the president's visit to commemorate the 80th anniversary of D-Day.
Why it matters: The interview is part of a broader press push from the Biden campaign team as the general election heats up.
Sending a scent or a smell to someone via email or online chat is "going to happen" someday, Osmo co-founder and CEO Alex Wiltschko, predicted on Wednesday at Axios' AI+ Summit in New York City.
Why it matters: The current discourse around generative AI is all about digital media like text, video and music — but the physical world will be deeply impacted as well if companies like Osmo, which is developing tech to give computers a sense of smell, succeed.
Gov. Kathy Hochul on Wednesday paused indefinitely the implementation of congestion pricing for drivers in New York City,weeks before the controversial initiative was set to take effect.
Why it matters: The first-in-the nation policy aimed to boost public transit use and improve air quality, but Hochul said it risked "unintended consequences" for New Yorkers' wallets and visits into Manhattan.
The next recession may happen amid a new technological landscape: wide adoption of generative AI, a phenomenon untested by an economic shock.
Why it matters: The potential economic upsides of AI, including how it might fuel productivity growth, are fairly clear. More uncertain are the potential hits to labor and financial markets when the boom time ends.
Investors are plowing money into spot bitcoin funds after a momentary lull, coinciding withthe price of the world's largest digital asset close to its record.
By the numbers: Nearly $890 million flowed into spot bitcoin exchange-traded funds (ETFs), with Fidelity and iShares funds receiving the largest share of that pot, according to preliminary data from Farside Investors.
Why it matters: Bitcoin is currently trading above$71,000, creeping toward its all-time high. It suggests retail interest in the sector hasn't abated despite the volatility of the last few weeks.
Context: The rush into the asset class appeared to peak in March, when more than $1 billion in fresh money flowed into the January-launched group in a single day.
Yet early data suggests there's latent demand, or perhaps investors are eyeing a new record.
Our thought bubble: Investors have a tendency to chase performance.
Of note: Since the January launch of spot bitcoin ETFs, traditional asset managers have flexed on crypto native ones.
BlackRock's iShares Bitcoin Trust (IBIT) just last week surpassed Grayscale's Bitcoin Trust ETF (GBTC) in assets, and is now the largest of the pack with $20.5 billion.
Grayscale and Fidelity fill out the Top 3 issuers.
The big picture: This is the Year of Bitcoin, and while spot ether ETFs are making their way through the regulatory process, some issuers are focused on building out their bitcoin business, while others get ready for a second set of ETF-wrapped digital assets.
Walmart is adding a new bonus for hourly store workers months after hiking store managers' pay and redesigning the bonus program for managers, the retailer announced Wednesday.
Why it matters: The nation's largest private employer and largest retailer is looking for more ways to retain employees in the competitive labor market.
The labor market is stagnating, particularly for white-collar workers. Employers are reluctant to let workers go and they also aren't in a hurry to hire.
Why it matters: The cooling labor market may be good for quelling inflation but it's frustrating for job hunters — those who are employed feel stuck in roles they no longer want, while the unemployed struggle to get hired.
