Larry Summers thinks the FTX meltdown is more akin to the collapse of Enron and says there are 2 regulatory lessons to be learned

Former Treasury Secretary Larry Summers speaks at the Spring Meetings of the International Monetary Fund and the World Bank in Washington, DC, on April 16, 2015. NICHOLAS KAMM/AFP via Getty Images The fall of FTX is more akin to the Enron scandal, according to Larry Summers.  That’s because there were “whiffs of fraud” in the…

Amazon founder Jeff Bezos warns a recession is looming – and Americans should ‘prepare for the worst’

Jeff Bezos. Alex Wong / Getty Images Jeff Bezos warned the US economy is likely to slump in a painful recession. Amazon’s billionaire founder advised consumers and businesses to delay purchases and stockpile cash. Bezos recently suggested it was time to “batten down the hatches.” Jeff Bezos has warned a US recession is looming, and…

The federal judge who blocked Biden’s student-loan forgiveness plan is playing ‘politics instead of actually following the law,’ Elizabeth Warren says

Sen. Elizabeth Warren. Tom Williams/CQ-Roll Call, Inc via Getty Images A federal judge in Texas blocked Biden’s student-loan forgiveness plan last week. Sen. Elizabeth Warren said the judge was playing politics “not actually following the law.” Biden’s administration appealed the decision, but debt relief cannot be implemented right now. One of the most vocal lawmakers…

Amazon’s Alexa caregiver service now allows custom alerts

Amazon’s Alexa Together caregiver service is now more useful if you want to know a loved one’s specific activities. The company has added custom alerts that ping up to 10 caregivers when there’s particular smart home activity. You’ll know if the care receiver opened a sensor-equipped medicine cabinet, for instance, or whether the bedroom light…

Nike’s big push into the blockchain starts with ‘.Swoosh’

Nike’s interest in the blockchain extends beyond buying a digital collectibles startup. The apparel maker has introduced “.Swoosh,” a blockchain-based platform that will let members collect and eventually create virtual jerseys, shoes and other goods they can wear in games and other online spaces. You may get access to real-world products and special events, too….