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Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve‘s regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency. In comments at the New York Times’ DealBook Summit, Bessent said that “there is a disconnect with the framing of the Federal Reserve” and added that, “unless someone has lived in their district for three years, we’re going to veto them.” Bessent has stepped up his criticism of the Fed’s 12 regional bank presidents in recent weeks after several of them made clear in a series of speeches t…

As the ‘fourth wave’ of coffee begins taking shape, companies that are embracing modern—and increasingly, automated—coffee making are working to balance their tech with the craft of brewing. Terra Kaffe is one of them. The company, known for its pricy, hyper-modern automatic espresso machine TK-02—revealed its first brand expansion with the August launch of Demi, a miniature version of its flagship product. Now, it’s launching a slate of accessories to complement its machines and move the brand out of startup mode and help establish itself as a serious competitor in the world of coffee gadgets. The accessories, which will be rolling out into early 2026, inclu…

One of the world’s biggest AI startups might be eyeing a massive IPO. According to a new report in the Financial Times, Anthropic has tapped the Palo Alto-based law firm Wilson Sonsini to help the company go public as soon as early next year. The law firm has a deep well of experience shepherding major tech IPOs and has worked with Google, LinkedIn, Lyft, and Square on their public offerings. In the lead-up to a potential IPO, the Financial Times reports that the company is drumming up a private round of funding that would peg its value at over $300 billion. According to the report, the company is also discussing its plans with large investment banks, but those ta…

Arizona Attorney General Kris Mayes announced Tuesday that Arizona is the latest state to sue Temu and its parent company PDD Holdings Inc. over allegations that the Chinese online retailer is stealing customers’ data. Mayes said the app deceives customers about the quality of its low-cost products and collects what she described as a shocking amount of sensitive data without the consent of users, including GPS locations and a list of other apps on users’ phones. According to the lawsuit, prosecutors are concerned about Temu being subject to laws in China that require Chinese companies to hand over data requested by the government, and that its code is designed to…

Even before this year’s Spotify Wrapped dropped, I had a hunch what mine would reveal. Lo and behold, one of my most-listened-to songs was an obscure 2004 track titled “Rusty Chevrolet” by the Irish band Shanneyganock. I heard it first thanks to my son, whose friend had been singing it on the swings at school. My son found it utterly hilarious, and it’s been playing in our house nonstop ever since. Like parents all over the world, I rue how my son’s musical tastes have hijacked my listening history. But I’m also tickled to learn that our household is probably one of the few even listening to it. Spotify Wrapped is an annual campaign by the popular streamin…

The U.S. stock market is drifting near its record levels on Wednesday following mixed reactions to profit reports from Macy’s, Marvell Technologies, and other companies. The S&P 500 rose 0.2% and pulled within 0.7% of its all-time high set in late October. The Dow Jones Industrial Average was up 174 points, or 0.6%, as of 11:50 a.m. Eastern time, and the Nasdaq composite was virtually unchanged. Marvell rose 4.1% after the supplier of semiconductor products delivered a stronger profit for the latest quarter than analysts expected. CEO Matt Murphy credited strong demand for its data center products, while also announcing a $3.25 billion purchase of Celestial AI…

The Food and Drug Administration (FDA) has once again expanded its warning on certain brands of imported cookware, this time adding nine additional products that may leach significant levels of lead into food. That list of cookware has grown significantly since the FDA issued its original alert, which was updated twice, after tests found certain brass and aluminum cookware (known as Hindalium/Hindolium or Indalium/Indolium) could be leaching lead into food when used for cooking or food storage, making it unsafe to eat. The FDA investigation remains ongoing, and the agency said it will be adding additional products to the list as needed. Here’s what you need to…

If you feel like you spent more time sitting in traffic this year than last, you’re not alone. Across the United States, drivers lost 49 hours to traffic congestion in 2025, a six-hour increase from the year prior, according to a new report from transportation analytics company INRIX. From Chicago to Philadelphia and Boston to Tampa, congestion increased in 254 of the 290 cities INRIX analyzed. But in New York, a city practically synonymous with gridlock, congestion stayed flat. Start spreading the news INRIX says the anomaly is likely due to congestion pricing, a program that charges drivers tolls when they enter certain, often gridlocked, areas of …

New research now suggests that our brains are still in the teenage phase until we “peak” in our early thirties. Researchers from the University of Cambridge looked at scans from around 4,000 people up to the age of 90 to reveal the connections between their brain cells. Rather than progressing steadily over our lifetimes, research published in the journal Nature Communications suggests our brain goes through five distinct phases in life, with key turning points happening at ages nine, 32, 66, and 83. The first stage, from birth to nine, sees the brain rapidly increasing in size. Around age nine, the “adolescent” phase begins as the brain works on increasing its e…

The The President administration is planning to buy a direct stake in yet another chip technology company. Earlier this week, the Commerce Department announced that it had signed a letter of intent to buy up to $150 million of xLight, a startup that focuses on lithography, a critical part of the semiconductor-manufacturing process. The move shows that the government’s nearly $9 billion dollar investment in Intel — for 10 percent stake in the company structured as a silent partnership — wasn’t a one-off, and that officials are moving forward with plans to buy equity in technology companies it deems critical. As part of the latest deal, the startup will receive …

Apple just lost a top design talent. Meta has hired Alan Dye, who was the head of Apple’s human interface design team. The company is filling his position with Stephen Lemay, who CEO Tim Cook told Bloomberg “has played a key role in the design of every major Apple interface since 1999.” Before being poached by Meta to become its chief design officer, Dye worked at Apple since 2006, where he oversaw projects including Liquid Glass and Vision Pro. By the end of his tenure, Dye reported directly to Cook. His departure is the latest in a game of musical chairs for top design roles at Apple. Apple’s former longtime chief design officer Jony Ive left the company in …

In today’s job market, many employees are feeling the pressure. Layoffs continue to make headlines, hiring pipelines have slowed, budgets have tightened, and job seekers are facing fierce competition. For those already employed, this environment raises a tricky question: What’s reasonable to ask for at work right now—and what isn’t? There’s always the standard wish list: promotions, raises, more flexibility, and better benefits. But in a strained economy, some of these asks may be harder to land—and for many employees, even harder to ask for. Zety, a career platform designed to make job searching easier with expert-backed tools and advice, found in its latest …

Companies are increasingly using AI to conduct job interviews, and, according to experts in the field, the technology is leading to some impressive results. However, giving candidates the choice between an AI interviewer or a human can create bias that makes landing a job tougher for some people, according to a new report. AI is now a common part of the job application process. According to the World Economic Forum, around 88% of employers use some form of AI for initial candidate screening such as filtering or ranking job applications. But AI is also being used to conduct interviews. Currently, around 21% of U.S. companies use the technology for initial interviews. …

It’s a tale as old as the modern workplace: In the 1960s, women entered the workforce en masse, ready to compete with their male counterparts for promotions, pay, and opportunity—only to find the system wasn’t built for them. Today, women comprise almost half of the U.S. labor force. The playing field looks different now, but the fight for equal access hasn’t gone away. It just moved into subtler territory. Companies make quiet calculations about who’s worth “investing in,” says Corinne Low, gender economist and associate business professor at the University of Pennsylvania’s Wharton School of Business. Women often face career penalties in anticipation of m…

Amid an uncertain economy—the growth of AI, tariffs, rising costs—companies are pulling back on hiring. As layoffs increase, the labor market cools, and unemployment ticks up, we’re seeing fewer people quitting their jobs. The implication: Many workers will be “job hugging” and sitting tight in their roles through 2026. Put more pessimistically: Employees are going to feel stuck where they are for the foreseeable future. In many cases, that means staying in unsatisfying jobs. Gallup’s 2025 State of the Global Workforce report shows that employee engagement has fallen to 21%. And a March 2025 study of 1,000 U.S. workers by advisory and consulting firm Fractional I…

The rapid expansion of artificial intelligence and cloud services has led to a massive demand for computing power. The surge has strained data infrastructure, which requires lots of electricity to operate. A single, midsize data center here on Earth can consume enough electricity to power about 16,500 homes, with even larger facilities using as much as a small city. Over the past few years, tech leaders have increasingly advocated for space-based AI infrastructure as a way to address the power requirements of data centers. In space, sunshine—which solar panels can convert into electricity—is abundant and reliable. On November 4, 2025, Google unveiled Project Sunca…

Endings are tricky: You want closure and to go out with a bang—which is a hard balance. It’s natural to want the end of the year to be meaningful. Even the moon appears to agree with this sentiment, and it’s about to prove it. The final full moon of 2025, which is also called the cold moon, will be a bright supermoon occurring on December 4. Before we get into how best to moon-gaze, let’s break down what that all means, and do a year-end moon review. Why is December’s full moon called the ‘cold moon’? Human beings assign names even to celestial happenings. The Old Farmer’s Almanac compiled the most commonly used monikers, based on Old English and Native Ame…

Unlike millennials who embraced hustle culture and burned out, Gen Zers have a new concept of what ‘making it’ looks like in today’s workplace—and it doesn’t involve a fancy title. View the full article

Changing prices for what the market will bear has long been a staple of pricing for everything from airplane seats to a gallon of gas to hotel rooms. Indeed, an entire field of so-called “dynamic pricing” exists to figure out how to extract the most profit from the most willing customers has now emerged. But we’re at an inflection point now in which such practices are going from the exception, and for relatively few items, to the norm. The regulatory framework is at the moment right in the midst of figuring out what the guardrails will be. The Intermediary Industrial Complex Remember when a gallon of milk cost the same for everyone who walked into the store? That …

Just before Friday’s draw for the FIFA men’s World Cup 2026 group stage, Visa is launching an artistic update to its sponsorship of the tournament. The brand just announced a new partnership with Pharrell Williams’ Joopiter auction and e-commerce platform, on a new World Cup-themed art collection, featuring 20 different artists from six continents. The collection aims to show how creativity drives commerce—and how artists are the entrepreneurs shaping communities and culture around the world. Visa has unveiled the first five pieces in the collection at an exclusive Miami showcase called “The Art of the Draw,” hosted by multidisciplinary creator KidSuper. The showcase …

The biggest story in tech is AI’s increasing capacity to take on tasks once reserved for human beings. But the agents driving that change aren’t machines. They’re humans—inventive, ambitious, enterprising ones. Our third annual roundup of some of the field’s most intriguing players includes scientists and ethicists, CEOs and investors, big-tech veterans and first-time founders. These 20 innovators are tackling challenges from training tomorrow’s AI models to speeding drug discovery to reimagining everyday productivity tools. Household names they’re not. Yet, they’re already changing our world, with much more to come. Oriana Fenwick Michelle Pokrass Technical…

Up in the Cascade Mountains, 90 miles east of Seattle, a group of high-ranking Amazon engineers gather for a private off-site. They hail from the company’s North America Stores division, and they’re here at this Hyatt resort on a crisp September morning to brainstorm new ways to power Amazon’s retail experiences. Passing the hotel lobby’s IMAX-like mountain views, they filter into windowless meeting rooms. Down the hall, the off-site’s keynote speaker—Byron Cook, vice president and distinguished scientist at Amazon—slips into an empty conference room to have some breakfast before his presentation. Cook is 6-foot-6, but with sloping shoulders that make his otherwi…

Over the past decade, Figma has transformed how people within companies collaborate to turn software ideas into polished products. Now the company is itself being transformed by AI. The technology is beginning to show its potential to take on much of the detail work that has required human attention in design, coding, and other domains. But the end game involves far more than typing chatbot-style prompts and waiting for the results. I spoke with Figma’s head of AI, David Kossnick—one of Fast Company’s AI 20 honorees for 2025—about what the company has accomplished so far and where he’s trying to steer it. “We’re still in chapter one, maybe the start of chapter two,” he t…

Hershey’s has finally jumped on the Dubai chocolate trend, and it typifies the intentional approach the company is taking to viral candy. The Hershey’s Company announced it’s releasing a limited-edition Hershey’s Dubai-Inspired Chocolate Bar that adds green pistachio filling and kadayif pastry to a classic break-apart Hershey’s chocolate. They’re treating the release like a sneaker drop: only 10,000 bars are being released. “We don’t chase every trend, but this one was big enough, and there was an opportunity to do it in a Hershey way,” Dan Mohnshine, Hershey’s vice president of demand creation strategy and brand development, tells Fast Company. To make th…

Yes, it’s that time of year again: when we don’t just wrap up one chapter but start anticipating the next, determined to begin with something that resembles a clean slate. The ritual is familiar: a little reflection, a little optimism, and a list of promises to our future selves. New Year’s resolutions are extremely popular, particularly relative to their low execution rate. According to a recent 2025 YouGov survey, 31% of U.S. adults can be expected to set at least one resolution for the new year–with the highest participation among younger adults (under 30), of whom 58% say they will make a resolution. Saving money emerges as the single most common New Year’s re…