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Uncertainty over the economy and tariffs is forcing retailers to pull back or delay plans to hire seasonal workers who pack orders at distribution centers, serve shoppers at stores and build holiday displays during the most important selling season of the year. American Christmas LLC, which creates elaborate holiday installations for commercial properties such as New York’s Rockefeller Center and Radio City Music Hall, plans to hire 220 temporary workers and is ramping up recruitment nearly two months later than usual, CEO Dan Casterella said. Last year, the company took on 300 people during its busy period. The main reason? The company wants to offset its tariff …

There’s an ear-piercing war brewing at the mall. Claire’s, the biggest player in the market, has hit hard times, leaving room for upstarts to impinge on its territory. For 60 years, Claire’s has billed itself as a place for kids and teens to get their first piercings. The company says it has pierced more than 100 million ears since 1978. But after declaring bankruptcy in August (its second bankruptcy in seven years), Claire’s was acquired by the holding company Ames Watson for $140 million. These new owners have plans to turn the business around, including drastically shrinking its retail footprint which had ballooned to more than 1,000 stores. It recently annou…

JPMorgan Chase will directly invest up to $10 billion in U.S. companies with crucial ties to national security. The investment plan revealed Monday will focus on four areas: supply chain and advanced manufacturing in critical minerals, pharmaceutical precursors, and robotics; defense and aerospace; energy independence, with investments in battery storage and grid resilience; and strategic technologies, including artificial intelligence, cybersecurity, and quantum computing. The investment is part of the bank’s Security and Resiliency Initiative, a $1.5 trillion, 10-year plan to facilitate, finance, and invest in industries critical to national security. “It ha…

KPop Demon Hunters took over Netflix when it debuted in August. Next, it’s coming for Halloween. That’s according to Google’s annual Frightgeist report, which uses Google Trends search data to predict the year’s top Halloween costumes across a number of categories. This year’s report, published on October 9, shows that characters from the hit animated movie musical KPop Demon Hunters have snagged all five of the list’s top spots. KPop Demon Hunters centers on Huntr/x, a K-pop superstar trio who double as demon hunters. The members—Rumi, Mira, and Zoey—must protect their fans while facing down a rival boy band made up of demons in disguise, led by the singer J…

Crypto is here to stay—and you can take that to the bank. Citibank, perhaps. On Monday morning, CNBC reported that Citi is looking to launch crypto custody services next year. Biswarup Chatterjee, the global head of partnerships and innovation in the services business at Citi, told CNBC that the company is “hoping that in the next few quarters, we can come to market with a credible custody solution that we can offer to our asset managers and other clients.” While banks have, traditionally, kept cryptocurrency at arm’s length, primarily concerned about regulatory changes, the The President administration’s embrace of crypto—exemplified by the passage of new laws li…

If you are one of the millions of Americans who filed for an extension on your federal tax return back in April, you might be wondering if you still need to pay your taxes by October 15 because the government is currently shut down. The simple answer is yes—for most filers. (Two exceptions, though, are if you were affected by a federally declared disaster, or if you were living out of the country on the due date.) This year, many people are wondering if the Internal Revenue Service (IRS) deadline still stands, given the The President administration has furloughed 34,400 of some 74,300 employees, according to agency. That’s over half the current workforce. “Due…

The Big Apple is taking on the companies behind Facebook, Instagram, Snapchat, TikTok, and YouTube, accusing them of “public nuisance” and spurring a youth mental health crisis in the city. In a 327-page lawsuit filed last week in the Southern District of New York, the city of New York—along with its school districts and health department—alleges that “gross negligence” on the part of Meta, Alphabet, Snap, and ByteDance has hooked kids on social media through “algorithms that wield user data as a weapon against children and fuel the addiction machine.” Over one-third of 13- to 17-year-olds report using one of these social media platforms “almost constantly” and …

OpenAI and Broadcom have formed a multibillion-dollar partnership to develop OpenAI-designed chips. Under the deal, OpenAI will design the chips to its own specifications and Broadcom will manage the development and fabrication of the chips, as well as help with their deployment. The companies plan to deploy enough chips to require 10 gigawatts of electrical power beginning in mid-2026, and running through 2029. Broadcom stock jumped almost 10% on the announcement Monday. The deal marks the second major move by OpenAI to reduce its dependence on Nvidia, which now dominates the AI chip market—the company announced a partnership with chipmaker AMD last week. …

Our honorees in the new tech visionaries category are executives who applied new thinking to pressing problems. One is working to take cellular broadband places it’s never gone before. Another aims to make the tech industry less dependent on the risky business of mining rare earth materials. And the third is applying AI to the thorny challenge of defending against ever-smarter missiles and drones. Abel Avellan, CEO, AST SpaceMobile For sending cellular broadband to space Founded in 2017 by chairman and CEO Abel Avellan, AST SpaceMobile has launched six of its BlueBird satellites into low Earth orbit, with plans to have 60 more in orbit by the end of 2026. The goal is t…

If there’s one thing businesses have in abundance, it’s data—in some cases, far more of it than they know what to do with. AI can turn daunting mountains of information into knowledge that’s accessible to staffers across the organization, regardless of their technical chops. These honorees are helping their customers unlock better understanding of data to do everything from supercharging sales teams to choosing the right music to license. Baseten For giving companies big and small a head start on inference Anyone building an AI application has access to powerful open-weight LLMs such as DeepSeek-R1. But the fact that the models are freely available doesn’t mean they’re…

Shares in America’s “Quantum Four” quantum computing companies surged again yesterday. D-Wave, IonQ, Quantum Computing, and Rigetti all saw their stock prices jump by double-digit percentages. But why? The Quantum Four’s big stock price gains had nothing to do with radical new quantum computing breakthroughs. Instead, investors can thank banking giant JPMorganChase for the gains. Here’s what you need to know. Why did quantum computing shares surge yesterday? Yesterday, America’s four most prominent quantum computing companies saw their stock prices surge by double-digit percentages. But the genesis behind these soaring share prices wasn’t directly related to n…

When Apple’s AirTag came out four years ago, one of the most obvious uses for it was for luggage. On my long trips to Asia, I always breathe a sign of relief when I glance at my phone and find that my checked suitcase has been loaded onto the aircraft. And I often wish I had one in my carry-on suitcase, especially when the overhead bins run out of space and the flight attendant checks my bag at the gate. July, a fast-growing Australian startup, has become the first luggage brand to incorporate AirTags directly into its suitcases. The technology was made in partnership with Apple and Google, so the tags are integrated with both Apple’s Find My and Google’s Find Hub…

The next frontier of consumer tech isn’t just about adding more screens to your life or boosting your devices’ processing power. Instead, it’s empowering users to accomplish more, from powerful new maker tools to more efficient skincare solutions. On the home front, assistive robots are suddenly in reach, and AI cameras are learning to provide better pet care instead of just surveilling humans. Of course, there’s cool screen-related stuff too, including wildly thin foldable phones and increasingly immersive AR glasses. Anker For 3D printing onto pretty much anything Printing 3D textures onto materials such as wood and metal usually requires industrial-grade tools, but A…

The companies that create the foundational technologies that enable other companies’ progress are embracing AI, of course. But that’s only part of the story. These honorees made big progress in 2025 on quantum computing, battery science, and other fronts. AIStorm For giving sensors the power of neural networks AIStorm’s technology pushes AI to the edge of computing experiences by allowing sensors to run neural networks—a feat with applications everywhere from consumer electronics to factory-floor robotics. The company has a deal with Audioscenic to put latency-free, position-adaptive 3D sound in laptops, monitors, and soundbars starting in 2026. Aledia For charting a…

A smooth retail experience depends on efficient shipping and hassle-free purchases, two elements that can create significant cost implications for retailers. These honorees in the commerce category are developing infrastructure that can make more efficient use of freight trucks, streamline theft detection, and ease the checkout process in warehouse club environments. Flock Freight For reducing inefficiency in truckloads When it comes to freight trucks, wasted space is wasted money. Flock Freight estimates that the equivalent of one in three trucks runs empty because of inefficient deck-space utilization. The Certified B Corporation has built on its patented Shared Tru…

Construction and real estate are in a challenging moment, with prices beyond reach for many buyers and little sign of near-term relief. Still, several recent breakthroughs could bring the goal of homeownership closer for more Americans, while other innovations focus on providing shelter for those who might otherwise go without. Beewise For a buzzy way to help resurrect the bee population Honeybee colonies in the United States could decline by as much as 70% in 2025, according to researchers at Washington State University. Beewise aims to counter that trend with the BeeHome, an autonomous hive that manages routine tasks and helps commercial beekeepers reduce colony loss…

Headaches continued for U.S. travelers over the weekend as a combination of bad weather and impacts from the ongoing government shutdown ensnarled many would-be fliers. Flight delays and cancellations piled up over the three-day holiday period, with flight-tracking service FlightAware showing nearly 30,000 delays in and out of U.S. airports from Sunday of last week through Monday. Here’s the latest on the situation at U.S. airports and what travelers need to know: How bad have flight delays been? Delays and cancellations at many airports have grown progressively worse since the U.S. government shut down on October 1. With no end in sight to the political impa…

Even as digital and physical threats reach record levels, advances in security and privacy are giving us stronger defenses than ever before. New tools can now scan the wireless spectrum to flag hidden risks, protect faces and voices from AI misuse, map out who has access to sensitive data in real time, and guard large language models against prompt injection and data leaks. Together, these innovations are reshaping how we safeguard both our information and our personal safety. Bastille Networks For keeping tabs on airborne threats Wireless signals are more crowded than ever, from Bluetooth and Wi-Fi to 5G and beyond—and the data they carry is as valuable as anything se…

These companies aren’t big—but they’re bringing new ideas to some thorny challenges. Kids have been crafting with cardboard for decades, but Chompshop has found a way to make it safer and more fun. Online clothes shopping has long been a bit hit or miss, but Veesual’s found a way to maximize the number of hits. And GoodMaps and Overture Maps have tackled longstanding navigation problems. Chompshop For making kids’ cardboard crafts safer and more fun Cheap, abundant cardboard is great for kids’ art and science projects, but it’s often hard to trim with scissors. Chompshop has developed a kid-safe power tool specifically designed for this versatile material. While it’s…

Let’s face it: The fact that AI is amazing is no longer all that … amazing. The technology is under ever-increasing pressure to prove its real-world value for consumers, businesses, and researchers in specific contexts. These honorees in the applied AI category are proving AI’s worth for fashion advice, pharmaceutical advice, coding, and much more. Alta For bringing AI to personal styling For people who lack style expertise or time for outfit planning, the task of choosing what to wear can be a daily frustration. Alta built a personal AI stylist app that generates outfits based on users’ actual wardrobes, lifestyle, budget, weather, and upcoming events—whether they’r…

The space and telecom industries can look increasingly intertwined as satellite roaming—today for messages, tomorrow for data—becomes a standard feature. But while wireless services have the luxury of iterating as often as they want once they start signing up customers, space startups have to take things one launch at a time. Eascra Biotech For making the International Space Station a pharmaceutical research lab Eascra has one of the most interesting worksites of any of this year’s honorees: the International Space Station, where astronauts conduct research on developing nanoparticles to treat cancer and other maladies. Growing these materials in microgravity yields more…

After federal funding for renewables evaporated this year, the future path of the energy sector has been unclear. But even in uncertain times, companies are advancing the technology needed to push for a clean-energy transition—while also accommodating for a new grid that needs to keep up with the huge power demands of the wave of data centers coming online. From new battery tech to all-day solar power to better ways to track emissions and more, these innovations can help see the sector through this precarious period. Exowatt For generating solar power even when the sun isn’t shining Exowatt’s P3 unit is a power plant in a 40-foot-long shipping container. The unit uses…

We live in a culture that glorifies leadership. Titles like manager, director, or CEO are treated not just as jobs, but as glamorous career destinations (even when the actual job is anything but). In the corporate world, ambition and talent are often defined by how many people report to you, and the ladder of success is measured by headcount under your name. You can be the most talented coder, designer, analyst, or scientist, but sooner or later the corporate current will push you toward leading others. It is the professional equivalent of a rite of passage: You can only go so far unless you manage people. This obsession with leadership explains why nearly eve…

’Tis the season for carved pumpkins, god-awful candy corn, and an inevitable workplace costume that lands someone a well-earned talking-to from HR. Halloween is near, which means it’s the perfect time to reflect on a tale from the cubicle that’s even spookier than Tales From the Crypt. It starts with three words that would strike fear in the heart of anyone who’s ever worked in corporate America. Performance. Improvement. Plan. Taken at face value, the phrase sounds gentle, maybe even helpful, like the start of a company-sponsored self-care journey. In reality, a PIP is usually the workplace equivalent of a death sentence, a corporate guillotine that gives “being …

OpenAI never wanted to build a chatbot. As an early beta tester for OpenAI’s GPT-3 model, I can vouch for the fact that the company was caught totally off guard by ChatGPT’s runaway success. An email that OpenAI sent me on November 28, 2022—just two days before ChatGPT came to market and kicked off a trillion-dollar, multiyear, economy-distending AI scramble—didn’t even mention the new interface. Rather, it bragged about the company’s then-revolutionary “DaVinci” model and how it could “deliver clearer, more engaging, and more compelling content” and allow developers to “take on tasks that would have previously been too difficult to achieve.” From th…