The electric aircraft of tomorrow are finally being built, albeit slowly, as the makers of innovative air taxis prepare to write aviation's next chapter.
Why it matters:These "flying taxis" could change the way people and goods move around, but only if such aircraft can be mass-produced in a cost-effective way.
DoorDash will pay its deliverers an hourly rate if they want one, marking a new way of compensating gig workers.
Why it matters: Critics have said for years that the gig economy's pay-per-transaction system disadvantages workers, giving them less than they would make if they had more conventional jobs.
The nation's biggest banks are healthy enough to keep lending in the face of a severe economic shock, the Federal Reserve said on Wednesday as the central bank and other regulators prepare to propose harsher regulations for the financial sector.
Why it matters: The results of the Fed’s annual stress tests — which factor into how much capital banks need to hold — come after a string of bank failures earlier this year took regulators by surprise.
The federal government budget deficit is set to soar in the coming years with the rise of spending on health care programs and Social Security as well as interest costs, the Congressional Budget Office projected Wednesday.
Why it matters: The nonpartisan agency's budget outlook is the latest with a gloomy long-term view for the nation's debt and could crowd out private investment, slow growth and risk a crisis.
Robert Leshner, the creator of decentralized finance's standard-bearing lending application, Compound, has moved on from the startup to launch a very boring mutual fund.
Very boring, that is, with a hint of blockchain.
Why it matters: If his new product is approved, it would give the crypto rich and blockchain native funds a way to access the strong returns on government debt right now without changing their approach to portfolio management.
When the U.S. began shipping missiles to Ukraine last year, the defense community believed new supply could be spun up with relative ease. But that faith was misplaced, leading to missile stockpile shortages and an unexpected merger.
Why it matters: What's now a supply chain glitch could become a national security nightmare were the U.S. to be drawn into a larger war, in Ukraine or somewhere else.
Arcline Investment Management has offered $57 per share to acquire Circor, a Burlington, Mass.-based maker of industrial flow control products that previously agreed to a sweetened $51 per share bid from KKR.
Why it matters: For more than a decade, private equity firms shied away from making rival bids once targets had picked their partners. Arcline's move is part of a burgeoning new normal.
It doesn't matter if a woman is young or old or somewhere in between — any age can be viewed as the wrong one for women leaders, write three researchers in a new article in Harvard Business Review.
Why it matters: This kind of "double-whammy" age-gender bias holds women back from promotions and, consequently, leadership roles.
