A startup says it can fly supersonic without the noisy boom. Here’s how its airliner would compare to the famous Concorde.
Boom’s Overture PLANE takes proven technologies from the Concorde and applies modern designs. A startup wants to revive the era of the supersonic Concorde for the generations of flyers that missed out — but without the noisy boom and expensive ticket prices. Boom Supersonic CEO Blake Scholl explained to B-17 how his company’s future “Overture”…
Crypto is booming. Most financial advisors aren’t buying the hype yet.
As cryptocurrencies boom in recent months and push further into the mainstream, a corner of the financial industry remains on guard. A recent CoinShares survey of 250 financial advisors found that 62% do not think that recommending bitcoin aligns with the fiduciary responsibility to act in a client’s best interest. The study, which fielded responses…
Is Japan the new Iceland? Becoming the hottest destination in tourism can fuel an economy, but it’s no free lunch.
Overtourism has become a problem in Kyoto as tourism to Japan has exploded in recent years. If it feels like everyone you know is going to Japan right now — sort of how it felt like everyone was going to Iceland back in the 2010s — that’s because they are. The iconic images of Iceland’s…
Where the 200,000 federal employees most vulnerable to DOGE’s latest firing sweep live and work
Many federal probationary workers have been fired this week, including at the Office of Personnel Management. The latest wave of federal government firings is focused on recent hires — thousands of whom work for military offices or live in California. Workers are generally considered “probationary” if they have less than one year of experience in…
Hinge CEO says dating isn’t sHinge CEO says dating isn’t something people should delegate to AIomething people should delegate to AI
Hinge CEO Justin McLeod spoke about finding love with AI during a podcast on Friday. Hinge CEO Justin McLeod doesn’t think artificial intelligence can replace genuine human connection — especially in romance. McLeod discussed how AI can help dating app users find love during a Valentine’s Day-themed episode of The New York Times’ “Hard Fork”…
A former Silicon Valley engineer wrote on Substack about why he left behind ‘staggering’ stock grants to work for DOGE
President Donald Trump has tasked billionaire Elon Musk with leading and staffing the Department of Government Efficiency. Gavin Kliger, a former Databricks software engineer who joined Musk’s Department of Government Efficiency, published a Substack post Friday explaining why he walked away from “millions of dollars, prestige, and a life of comfort” in tech to address…
4 societal shifts could drive America’s alcohol industry into a long-term recession
Bank of America expects alcohol consumption per capita to decline 1% in the US this year. America’s alcohol industry could be heading for a long-running decline, according to Bank of America. Analysts at the bank see a growing risk that the alcoholic beverages sector could sink into a secular decline thanks to a handful of…
Traders are betting that bond yields could soon hit a dangerous level for stocks
An options bet that puts the 10-year Treasury yield at 5% in the coming weeks is getting attention, Bloomberg reported on Friday. If it pays off, it could lead to a multimillion-dollar profit for the trader who saw the jump in yields coming, but it would probably mean pain ahead for the stock market. According…
Here’s what has investors on edge as stocks cruise near record highs
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020. Even with the S&P 500 trading near record highs, there’s always something for investors to worry about. On Wall Street, it’s called the “wall of worry,” and investors must continually climb it.…
