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So many things went wrong last Jan. 29 to contribute to the deadliest plane crash on American soil since 2001 that the National Transportation Safety Board isn’t likely to identify a single cause of the collision between an airliner and an Army helicopter near Washington, D.C., that killed 67 people at its hearing Tuesday. Instead, their investigators will detail what they found that played a role in the crash, and the board will recommend changes to help prevent a similar tragedy. Last week, the Federal Aviation Administration already took the temporary restrictions it imposed after the crash and made them permanent to ensure planes and helicopters won’t share the sa…

Despite growing up with a financial planner for a father, the idea of investing intimidated me well into my adulthood. From my point of view, investing seemed like a mysterious process. Not only was this magical money-making exercise conducted in an arcane language (what exactly is a NASDAQ, and why does it sound like something you treat with a special cream?), but it also required my dad to keep the TV in his office tuned to the world’s most mind-numbing broadcast, even though cartoons were just a channel away. It’s no wonder I grew up thinking that investing was boring and impossible to understand. And investment ambivalence is pretty common. A recent NerdWallet fin…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Back in the housing frenzy of 2021, homeowners were bombarded with inquiries from eager investors looking to see if they were open to selling. The outreach came in all forms—text messages, postcards, phone calls—and often felt relentless. Redfin data shows that in Q4 2021, investors scooped up 94,715 U.S. homes, a 51% jump from the 62,581 homes they purchased in Q4 2019. But that investor-driven surge—powered by rock-bottom interest rates, pandemic stimulus, and the remote work boom—began to fade as the Federal Reserve pivoted to fighting inflati…

An American businessman whose firm invested in several European soccer clubs that struggled under its ownership has been indicted in New York on charges of financial wrongdoing in an alleged $500 million fraud scheme. Josh Wander was a co-founder of Miami-based 777 Partners that owned stakes in an Australian airline, plus soccer clubs Hertha Berlin in Germany, Genoa in Italy, Standard Liege in Belgium, and Vasco da Gama in Brazil. The 777 story became a cautionary tale in the global soccer trend of multi-club ownership — investors taking stakes in several clubs in different countries. European soccer body UEFA has identified the trend as a threat to the integrity …

Welcome to AI Decoded, Fast Company’s weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week via email here. AI pioneer pulls in a cool billion to launch his “world model” AI company Yann LeCun, one of the pioneers of AI and Meta’s former chief AI scientist, has long argued that large language models alone will not produce AI systems that outperform humans at most tasks. LeCun says today’s transformer-based large language models are useful enough to be applied in valuable ways, but he also believes they are unlikely to achieve the general or human-level intelligence needed to perform many…

This week, Apple updated half of its iPad lineup. After updating the iPad Pro and iPad mini in 2024, the company has just unveiled a third-generation iPad Air and an eleventh-generation iPad. Many fans of Apple’s tablets have been eagerly awaiting these updates, especially since before this week, the company’s entry-level iPad had not had a refresh since October of 2022. But if you’ve been waiting until this week’s reveals, hoping for a clear picture of Apple’s iPad offerings in order to select the one best for your needs, well, I’ve got bad news: the iPad lineup remains as confusing as ever. Here’s why. Not all models support Apple Intelligence Apple make…

While the iPhone 17 is expected to be one of the hottest gifts this holiday season, some of the early adopters of Apple’s latest phone may be moving on to something different already. New data from B-Stock, a B2B marketplace for wholesale liquidation of returned and overstock inventory, finds that large cellular carriers are already moving “bulk quantities” of iPhone 17s through the resale channels for B2B customers. One sale on the site currently offers 111 iPhone 17 Pro Max units (with bidding for the lot standing at $80,200 as of Wednesday afternoon). All totaled, there were more than 300 iPhone 17 devices up for resale on the site as of Wednesday. The sale…

Owners of some iPhones are in line to get cash payments of up to $95 from Apple after the company on Tuesday reached a $250 million settlement in a class-action lawsuit for false advertising of its artificial intelligence capabilities. Apple The Presidenteted new AI features for its virtual assistant Siri when it rolled out the iPhone 16 in 2024, part of new software updates that the company billed as “Apple Intelligence.” The company has been scrambling to keep up with tech rivals amid the AI boom but still hasn’t delivered on the Siri revamp two years later. The lawsuit, filed on behalf of U.S. consumers in the San Francisco federal court for the Northern District of…

The U.S. and Israel’s attack on Iran led to commercial flights disruption on Saturday across the Middle East and beyond as regional airspaces began closing and tens of thousands of travelers around the globe were stranded. Israel, Qatar, Syria, Iran, Iraq, Kuwait and Bahrain closed their airspace, while Oman’s Muscat International Airport shut down and all flights were restricted over the United Arab Emirates, according to flight tracking website FlightRadar24. Major airlines based in the Middle East with worldwide networks canceled hundreds of flights while many other travelers were unexpectedly diverted to airports across Europe or flown back to departure airpor…

Iran offered to end its chokehold on the Strait of Hormuz without addressing its nuclear program, officials with knowledge of the proposal said Monday. Iran also wants the United States to end its blockade of the country as part of its proposal, according to the two regional officials, who spoke on condition of anonymity to discuss the closed-door negotiations. Oil prices were up Monday as a standoff between the U.S. and Iran in the Strait of Hormuz remained despite a ceasefire, while Pakistan leaders were seeking to revive stalled talks between the two countries. Iran’s Foreign Minister Abbas Araghchi was in Russia Monday for a meeting with President Vladimir…

Mojtaba Khamenei, a son of Iran’s late supreme leader, has been named as the Islamic Republic’s next ruler, authorities announced Monday, as Tehran widened its attacks across the Mideast to strike oil and water facilities crucial to its desert sheikdoms. With Iran’s theocracy under assault by the U.S. and Israel for more than a week, the country’s Assembly of Experts chose as the next supreme leader a secretive, 56-year-old cleric who maintains close ties to the country’s paramilitary Revolutionary Guard. The Guard has been firing missiles and drones at Israel and Gulf Arab states since the younger Khamenei’s father, Ayatollah Ali Khamenei, was killed Feb. 28 during the …

Branded is a weekly column devoted to the intersection of marketing, business, design, and culture. Just a few years ago, iRobot, best known as the maker of the Roomba, was riding high, with annual revenue topping $1 billion; Amazon bid $1.7 billion to add it to the e-commerce giant’s home technology business. But that deal fell through, and now the Bedford, Massachusetts-based company has reported plunging revenue and steep losses, and recently warned investors of “substantial doubt” about its “ability to continue as a going concern.” With its share price down drastically, it’s now worth about $100 billion. How did the creator of the iconic round robot vacuum—which h…

Shares of iRobot Corporation (Nasdaq: IRBT), maker of the Roomba autonomous vacuum cleaner, are crashing today after the company announced that it will seek Chapter 11 bankruptcy protection. As of this writing, IRBT shares are down more than 78%—and the news is only expected to get worse for common shareholders. Consumers, on the other hand, may be wondering if their Roombas will stop working. Here’s what you need to know. What’s happened? On Sunday, iRobot Corporation said it has filed for bankruptcy. The Massachusetts-based company is seeking Chapter 11 protection in the District of Delaware. As part of the process, iRobot has entered into a Restructuri…