US Treasury Secretary Scott Bessent said he “would not be surprised” if China is already looking into ways to challenge the US’ pre-eminence in digital assets, given Hong Kong’s efforts to develop the industry. When testifying before the Senate Banking Committee on Thursday, Bessent said that there are “lots of rumours of Chinese digital assets”…
Good morning. I had the pleasure of hosting more than a dozen executives yesterday in a Fortune CEO roundtable discussion about how their strategies are shifting amid economic uncertainty and global complexity. We kicked things off with former Atlanta Fed president Dennis Lockhart, who outlined the state of the economy and memorably said that it…
A widespread internet outage continues to affect the crypto exchange Coinbase and the online brokerage Robinhood on Monday, among other websites like Snapchat and Hulu. The brief pause in both platforms’ services came after Amazon’s cloud computing arm reported that its services were down in northern Virginia. “We continue to investigate the root cause for…
Good morning. OK, give your ChatGPT prompt window a rest for two seconds, because it’s pop quiz time. The question: What share of U.S. executives and managers—that is, not rank-and-file employees—use unapproved AI tools at work? Make your best guess, then find the answer below in “Endstop triggered.” Today’s tech news follows. Have a wonderful…