Public EV charging stations struggle with miscreants who literally cut the cord — but a new innovation aims to put a stop to that.
EV charging network ChargePoint today introduced a new "cut-resistant" charging cable for its stations.
The company will also license it to other charging providers.
How it works: The new cords incorporate hardened steel and "some other polymer materials that are just really hard to cut through," ChargePoint CEO Rick Wilmer tells Ars Technica.
The company is also rolling out a companion system that sounds an alarm and triggers lights when someone attempts to cut the cord.
BitMEX, a cryptocurrency exchange that pioneered derivatives trading for digital assets, was hit with a $100 million fine by a Manhattan federal judge yesterday, Law360 reported.
Why it matters: It's the second mega-fine against the company, which paid $110 million in a civil action brought by the CFTC in 2021.
What they're saying: "Anti-money laundering and know-your-customer rules protect Americans," Matthew Podolsky, attorney for the United States, said in a statement. "Today's sentence sends a clear message."
Go deeper: BitMEX pled guilty to the charges in July.
World Liberty Financial, the decentralized finance project endorsed by the Trump family, moved tens of millions of dollars worth of cryptocurrency onto Coinbase Prime this week.
Why it matters: Money seems to be coming into the Trump-controlled decentralized finance project.
By the numbers: A Dune Analytics dashboard has tracked $80 million worth of sales of the project's token.
On Tuesday, it moved about $57 million to Coinbase's institutional custody provider, according to Arkham Intelligence's dashboard. Looking at its token balances, it seems to have been almost entirely in ether (ETH), the coin of the realm for the Ethereum blockchain.
Around the world, people are having fewer babies than in the past. A new report from McKinsey puts sobering numbers on that reality, a profound economic threat for the decades ahead.
Why it matters: The entire social contract in rich countries — of ever-rising wealth and the ability to retire and live comfortably in old age — is threatened by the reality of "youth scarcity," as researchers at the global consultancy put it.
The CEO of the company whose insurance leader was killed in New York pledged to help fix the health care industry while also defending his business and blaming pharmaceutical companies for driving up healthcare costs with drug prices.
The big picture: UnitedHealth Group CEO Andrew Witty spoke at length Thursday about the brazen public shooting of Brian Thompson — who led the UnitedHealthcare division — and the company's role in the industry.
One economic unknown is whether President-elect Trump's tariffs will cover all imported goods, as previously threatened.
But Sen. Elizabeth Warren (D-Mass.) wants to know the opposite: which companies will get exemptions and how that will be determined, Axios has learned.
Why it matters: Warren's demand is a preview of the tariff battle ahead. Questions are broadening from what shape Trump's trade agenda will take, to how such plans will ultimately be carried out — and what it all means for the economy.
America's top business lobby has a three-part wishlist for the incoming Trump administration: Roll back many Biden-era regulations, extend pro-growth tax provisions, and stay away from sweeping tariffs.
The big picture: The U.S. Chamber of Commerce is rolling out its annual "State of American Business" program on Thursday, focused on what its leaders call "make or break" policies to supercharge economic growth.
Big corporate donors to President-elect Trump's inaugural committee could soon find themselves in the crosshairs of his trade policy.
Why it matters: Ford, General Motors, Stellantis, Stanley Black & Decker and Apple's Tim Cook all have written seven-figure checks for Trump's inauguration, which is on track to outraise his first ceremony in 2017 and President Biden's in 2021.
Tim Berry, global head of corporate responsibility at JPMorganChase, dives into the firm's community impact model — why it's important, how it took shape and what's ahead.
For more than 225 years, JPMorganChase has served as an engine of the economy and champion of opportunity in local communities around the globe.
In 2013, JPMorganChase made a historic investment in Detroit's comeback, which reached $200 million in 2022.
Why it's important: This investment — which includes philanthropic capital, skilled volunteerism, low-cost loans and equity investments — has become a model for how the firm uses the breadth of its capabilities and depth of experience to help communities around the world spark long-term, self-sustaining economic growth.
Southwest Airlines is being sued and Frontier Airlines fined over chronic flight delays by the Department of Transportation, the DOT announced Wednesday.
Why it matters: Wednesday's announcement by the outgoing Biden administration's Transportation Secretary, Pete Buttigieg, comes days after the DOT fined JetBlue $2 million for chronic flight delays — the first time such a penalty had been imposed on an airline.
