The latest quarterly e-commerce sales report from the U.S. Department of Commerce shows that online sales are outperforming offline when it comes to the pace of growth.
American consumers bought $291.6 billion worth of goods through e-commerce retailers in the second quarter of 2024, up 1.3% from the first three months of the year, and up 6.7% from the same period in 2023. That 6.7% year-on-year growth is
The idea of a strategic reserve of Bitcoin is gaining steam on Capitol Hill, even if financial and regulatory experts are skeptical.
U.S. Senator Cynthia Lummis, a Republican from Wyoming and one of the crypto industry’s staunchest advocates, introduced late last month the BITCOIN Ac
In the tech world, executives rarely brag about the opportunities they’ve chosen not to seize. So earlier this week, it was a bit of a shocker when James Cuda declared that he @$*#! hated generative AI, and his company’s products wouldn’t adopt it.
And yet, it also made perfect sense. Cuda is the CEO of Procreate, the maker of a wondrous iPad app for drawing, painting, and animating with uncannily realis
There are certain social media rules we can all agree on: Ghosting a conversation is impolite, and replying “k” to a text is the equivalent of a backhand slap (violent, wrong, and rude). But what about the rest of the rules? When can we really remind someone of our old Venmo request? What happens when someone tries to flirt with you on LinkedIn?
CNN political analyst Van Jones wants to “Make Wakanda real” with his new initiative, the Dream Machine Innovation Lab. When it comes to overlooked communities, Jones believes artificial intelligence isn’t an access to hardware problem—almost everyone has a smartphone—but rather a matter of the heart and mind, a “wetware” problem. Alongside the U.S. presidential election, empowering w
When Elon Musk decided to buy Twitter, he enlisted the help (and financial assistance) of seven major banks to back his offer, ultimately securing loans of $13 billion. It seemed a good bet for the financial institutions at the time.
Musk, after all, had a history of success with businesses—and banks tend to sell that sort of debt, clearing their balance sheet and moving onto the next loan. Those banks, however, haven’t been able to sell the debt, in part because of the financial p
Alphabet’s Waymo said on Tuesday it had doubled its paid rides to 100,000 per week in just over three months as the autonomous ride-hailing firm expanded its areas of service and allowed more people to ride its robotaxis.
Chocolate muffins blew up on TikTok during the Olympics, and their staying power has surpassed the Paris games themselves.
Norwegian swimmer Henrik Christiansen became TikTok’s “muffin man” throughout the 2024 Olympics after he documented his obsession with the cafeteria’s chocolate muffins. Christiansen’s videos racked up
Attorneys general from 10 new states have joined a civil antitrust lawsuit against Live Nation and its ticket-selling unit, Ticketmaster, for allegedly monopolizing markets across the live concert industry.
Indiana, Iowa, Kansas, Louisiana, Mississippi, Nebraska, New Mexico, South Dakota, Utah, and Vermont have joined the lawsuit. This boosts the total t