The Supreme Court is reining in the power of federal regulators.
Why it matters: Companies across the board could face a patchwork of rulings by different courts, rather than one agency’s decision, former FCC official Blair Levin told the Washington Post.
Players who log intoUbisoft video game Riders Republic at some point in the coming months will discover that part of the extreme sports game’s virtual forest is on fire.
Driving the news: The in-game wildfire, which the publisher says won’t be announced in advance, is one of several initiatives video game companies are using to raise awareness about threats to the environment.
One crypto shop waiting to close its SPAC deal is forging ahead, despite missing a key deadline that frees investors from a previously agreed upon commitment of $300 million.
Why it matters: Many crypto shops are seeking a spot on U.S. public exchanges by merging with special purpose acquisition companies — only to be slowed down by a string of poorly performing post-merger firms, regulatory scrutiny and now — downturns in markets for both stocks and digital assets.
The union representing roughly 65 editorial workers at Wired, the tech publisher owned by Condé Nast, is threatening to strike for two days if it can’t reach a contract agreement with Condé Nast management by July 12 — the first of two digital shopping holidays known collectively as “Amazon Prime Days.”
Why it matters: The emloyees argue they aren’t being paid equitably despite the fact that their work helps drive some of the company’s most lucrative traffic days.
The signs of a crypto bear market must be heededas the first half of the year draws to a close.
Why it matters: The last bear market in crypto scattered institutions and yet — this time it feels different. This time there are a few opportunists looking to buy while prices are "fear-cheap."
Here's what we know so far about the fall of crypto investment firm Three Arrows Capital (3AC), which was reportedly ordered into liquidation Monday by a court in the British Virgin Islands.
Why it matters: Fear of contagion is thick in the crypto industry right now. And the process for 3AC is likely to take a while.
Grayscale Investments, the firm behind the world's largest bitcoin fund, is suing the Securities and Exchange Commission following its rejection of the firm's bitcoin spot ETF proposal.
Why it matters: Financial advisors, in particular, have been eager to see a spot bitcoin ETF to improve accessibility, cost and tax treatment.
Detroit Metropolitan Airport is now home to a first-of-its-kind departure board that uses facial recognition tech to show travelers customized info about their flight.
Why it matters: The board, called Parallel Reality, is an intriguing real-world example of the power of facial recognition.
She's a law school graduate. She's a TikToker. She's a singer. And now, she's the first Asian American Miss Texas.
Why it matters: Carrollton's Averie Bishop will spend a year as Miss Texas promoting inclusivity and diversity through her platform, "Y'all Means All."
