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Cryptocurrency mogul Do Kwon is scheduled to be sentenced Thursday for misleading investors who lost billions when his company’s crypto ecosystem collapsed in 2022. Kwon, known by some as “the cryptocurrency king,” pleaded guilty in Manhattan federal court in August to fraud charges stemming from Terraform Labs’ $40 billion crash. The company had touted its TerraUSD as a reliable “stablecoin”—a kind of currency typically pegged to stable assets to prevent drastic fluctuations in prices. But prosecutors say it was all an illusion that came crumbling down, devastating investors and triggering “a cascade of crises that swept through cryptocurrency markets.” Kwon,…

Data collected from 35 American cities showed a 21% decrease in the homicide rate from 2024 to 2025, translating to about 922 fewer homicides last year, according to a new report from the independent Council on Criminal Justice. The report, released on Thursday, tracked 13 crimes and recorded drops last year in 11 of those categories including carjackings, shoplifting, aggravated assaults and others. Drug crimes saw a small increase over last year and sexual assaults stayed even between 2024 and 2025, the study found. Experts said cities and states beyond those surveyed showed similar declines in homicides and other crimes. But they said it’s too early to tell what is p…

One of the great tales from basketball lore is how coach Phil Jackson led teams like the Bulls and the Lakers to dynasty status. Working with legends like Michael Jordan and Kobe Bryant, he might have let the all-stars run the show. Instead, his success hinged on transparency. Jackson gave players clear, constructive feedback. For example, he urged Jordan to cut back on scoring and involve his teammates more, recognizing that team success required more than a scoring leader. It’s a valuable lesson for business leaders today. Feedback can be tough to give. It can be uncomfortable. But withholding honest feedback is a disservice—to employees and to the company. As C…

The U.S. National Highway Traffic Safety Administration said on Thursday that it is opening an investigation into 2.88 million Tesla vehicles equipped with its Full Self-Driving system over more than 50 reports of traffic-safety violations and a series of crashes. The auto safety agency said FSD — an assistance system that requires drivers to pay attention and intervene if needed — has “induced vehicle behavior that violated traffic safety laws.” The agency said it has reports of Tesla vehicles using FSD driving through red traffic lights and driving against the proper direction of travel during a lane change. RECALL COULD FOLLOW IF NHTSA FINDS SAFETY RISKS …

At the Winter Olympics, skiers, bobsledders, speedskaters, and many other athletes all have to master one critical moment: when to start. That split second is paramount during competition because when everyone is strong and skilled, a moment of hesitation can separate gold from silver. A competitor who hesitates too much will be left behind—but moving too early will get them disqualified. Though the circumstances are less intense, this paradox of hesitation applies to daily life. Waiting for the right moment to cross the street, or pausing before deciding whether to answer a call from a number you don’t recognize, are daily examples of hesitation. Importantly, some ps…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. When assessing home price momentum, ResiClub believes it’s important to monitor active listings and months of supply. If active listings start to rapidly increase as homes remain on the market for longer periods, it may indicate pricing softness or weakness. Conversely, a rapid decline in active listings could suggest a market that is tightening or heating up. Since the national Pandemic Housing Boom fizzled out in 2022, the national power dynamic has slowly been shifting directionally from sellers to buyers. Of course, across the country that shift …

The news landed quietly, tucked into a letter from MIT Sloan’s dean to colleagues: After 67 years, MIT Sloan Management Review is shutting down. Future insights, the letter explained, will live on via “digital newsletters, short-form video, social-first content, and podcasts.” This is a strategic inflection point for management thinking. It will have a major impact on the entire ecosystem through which serious management ideas travel from researchers to the people who run organizations. That ecosystem was already fragile. Winner-take-all dynamics MIT Sloan Management Review and similar journals were classic two-sided market propositions. They offered management…

Residents living near SpaceX headquarters in Boca Chica, Texas, will soon have a new public body through which to raise concerns about everything from road maintenance to garbage collection. Earlier this month, more than 200 residents voted to establish the city of Starbase, Texas—a 1.5-square-mile community governed by three elected officials, all of whom have ties to SpaceX, the space exploration company based in the area. Of the 218 people who voted in the election—many believed to be SpaceX employees—only six opposed incorporation. The news marks a win for Musk, who has wanted the area around his company’s headquarters to become a city since at least March 202…

When you think of leaders you admire, you likely imagine them as authentic, at least in the sense of seeming genuine, real, and trustworthy. Science confirms this is usually the case. For example, data tells us that trustworthy leaders stand out for their “no thrills” patterns of behavior: They are, in other words, predictable, reliable, and unlikely to shock their employees or followers with erratic or excitable behavior that freaks them out. Furthermore, the best meta-analysis (quantitative review of hundreds of independent top studies) on personality and leadership tells us that one of the most consistent predictors of whether someone emerges as a leader,…

Soon you’ll have fewer opportunities to buy Glossier products from a physical storefront. The beauty brand is closing nine of its 12 stores over the next two and a half years as part of a new strategic overhaul. Only three stores will remain—the flagship locations in New York, Los Angeles, and London. This downsizing is being implemented by Colin Walsh, Glossier’s new chief executive, who joined the beauty company in October 2025. The announcement of this plan occurs after he has already laid off around one-third of Glossier’s total workforce and canceled previously planned product launches. Walsh is looking to restore the brand to its glory days, starti…

The Powerball jackpot has grown to an estimated $1.25 billion for Wednesday night’s drawing after lottery officials said no ticket matched all six numbers drawn Monday night. The U.S. has seen more than a dozen lottery jackpot prizes exceed $1 billion since 2016. Here is a look at the largest U.S. jackpots won and the places where the winning tickets were sold: $2.04 billion, Powerball, Nov. 7, 2022. The winning ticket was sold at a Los Angeles-area gas station. $1.787 billion, Powerball, Sept. 6, 2025. The winning tickets were sold in Missouri and Texas. $1.765 billion, Powerball, Oct. 11, 2023. The winning ticket was sold at a liquor store in a tiny Califo…

Rent can eat up an entire paycheck at the start of the month, so a growing number of renters are turning to a financial product that promises relief by letting them split the bill — for a price. So-called “rent now, pay later” services have emerged over the past few years as housing costs climb and paychecks grow less predictable, particularly for lower-income and gig-economy workers. According to the Bureau of Labor Statistics, rents have jumped nearly 28% in the past five years. Companies such as Flex, Livble, and, more recently, Affirm, say breaking rent into multiple payments can help renters manage cash flow. But consumer advocates warn the products typically…

People often take walking for granted. We just move, one step after another, without ever thinking about what it takes to make that happen. Yet every single step is an extraordinary act of coordination, driven by precise timing between spinal cord, brain, nerves, muscles, and joints. Historically, people have used stopwatches, cameras, or trained eyes to assess walking and its deficits. However, recent technological advances such as motion capture, wearable sensors, and data science methods can record and quantify characteristics of step-by-step movement. We are researchers who study biomechanics and human performance. We and other researchers are increasingly app…

It’s Friday afternoon. Your inbox looks like a battleground, your calendar is a collage of back-to-back calls, and the strategic plan you built last quarter already feels outdated. You’ve spent the week reacting, extinguishing fires, and juggling unexpected demands you didn’t plan for. You’ve been busy, but not necessarily productive. You’ve managed the chaos, but you haven’t had space to lead through it. This is the trap many leaders find themselves in today. Our attention is consumed by the urgent, leaving almost no cognitive room for the deep thinking, creativity, and strategic foresight that leadership requires. Working harder isn’t the answer. Neither is download…

Big firms are fighting for talent and offering major perks to match. Here’s how you can position yourself to be in the middle of a bidding war. View the full article

After Meta announced it would lay off 10% of its workforce next month to offset AI spending, employees swarmed to Blind—an anonymous online workplace forum—to get a few things off their chests. According to a report by Blind provided to Fast Company, posts containing negative sentiment about AI at Meta have grown to 83% since late 2025—that’s a roughly 300% jump since 2024, when just 20% of posts on the site about AI at Meta were negative. “Meta is dead and depressing,” one post on the platform said after the company’s layoff announcements. Cynicism around AI and workplace culture at Meta is pervasive on the platform. “They do not care about the employees any…

Next week, a rare celestial event will take to the skies. On March 3, amateur astronomers will get to witness a blood moon and a worm moon all at once. According to Space.com, a blood moon occurs during a total lunar eclipse, as the Earth passes directly between the Sun and Moon and casts a shadow across the moon’s surface. The moon appears red due to the way the Earth’s atmosphere filters sunlight. “This effect, known as Rayleigh scattering, is the same reason that the sky takes on magnificent shades of red and orange around sunset,” the site explains. While different seasons often bring exciting astrological events, this one is exceptionally rare. According to N…

My work across decades has spanned sectors, geographies, and cultures, focusing on exploration, discovery, and innovation. My husband and I have defined our work across business, nonprofit, and philanthropy simply: “We invest in people and ideas that can change the world.” I spend much of my time exploring and sharing exciting developments that hold great promise. This work has taken me from building the Internet revolution, to working in villages and cities across the globe and America’s 50 states, to the boardroom of the National Geographic Society, where I just completed a decade of service as Chairman of the Board. It has been a true privilege to lead these ef…

Staples is ready to party, just in time for graduation season. The office supply retailer is adding Party City shop-in-shops to 700-plus of its stores in 34 states across the U.S. Customers will be able to buy party supplies and decor, including balloons, gift bags, and favors; have helium balloons inflated; and order other celebration must-haves like personalized invitations, banners, and posters using Staples’ same-day print and marketing services. The companies announced their partnership in a joint news release on April 21. As part of the collaboration, Party City will also sell its products at Staples.com. Shoppers can use this store locator tool to find …

Meta officially announced a sweeping round of layoffs today that will impact thousands of employees across the business, or about 10% of the company’s 78,000-person workforce. In a memo to employees today—obtained by Business Insider—Meta remained coy about the rationale for the layoffs, using the same language as in prior internal communications. “As previously shared, we have decided to reduce headcount as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making,” the company wrote in the memo, which was signed by “Meta Leadership” and offered no further explanation for the job cuts. It se…

Just in time for the busy holiday travel season, Apple has rolled out a new iOS 26 feature that lets users store their U.S. passport on their iPhone. The digitization of the passport is something tech-savvy travelers have longed for, especially as other once physical-only items that have crowded our pockets, like credit cards, driver’s licenses, and even car keys, have made their way onto the iPhone. But so far there are limitations to what you can do with your digitized passport, which Apple dubs your “Digital ID.” Here’s what you need to know about uploading your passport to your iPhone and what you can—and can’t—use it for once it’s there. How to add your passp…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Zillow economists use an economic model they call the Zillow Market Heat Index to gauge the competitiveness of housing markets across the country. This model looks at key indicators—including home price changes, inventory levels, and days on market—to generate a score showing whether a market favors sellers or buyers. Higher scores point to hotter, seller-friendly metro housing markets. Lower scores signal cooler markets where buyers hold more negotiating power. According to Zillow: Score of 70 or higher = strong seller’s market Score f…

Shares in Qualcomm Incorporated (Nasdaq: QCOM) are surging in premarket trading this morning after reports emerged that the company may be on the cusp of a deal with artificial intelligence giant OpenAI. The deal would see Qualcomm CPUs powering a potential OpenAI smartphone—and would be a further sign that AI may shift from being primarily GPU-powered to CPU-powered. Here’s what you need to know. Will the CPU replace the GPU in the AI space? Currently, the most important computing component underpinning the AI era is the Graphics Processing Unit (GPU). Traditionally, this was a dedicated processor designed to render 3D graphics and video, and it was especiall…

In recent years, the FDA has approved dozens of gene and cell therapies that can potentially cure rare diseases like sickle cell disease and spinal muscular atrophy. But many patients still can’t access these treatments because insurers have refused to cover them. That reluctance is understandable, unfortunately. Widespread use of these multimillion-dollar therapies would bankrupt many health insurers. But the solution isn’t to deny lifesaving drugs to patients. Rather, it is to deploy creative financing solutions that deliver these therapies to sick Americans without collapsing the insurance system. The sickle cell dilemma Consider, for instance, the dil…