Author: GT

The U.S. Treasury yield curve, one of the most reliable signals of recession, is flashing red again. As of March 2025, the spread between the 10-year and 2-year Treasury yields remains inverted, a condition similar to that preceding every U.S. recession of the last five decades. Historically, an inverted yield curve makes the cost of borrowing in short terms more expensive than in longer ones—an unusual condition in well-functioning economies. It is often taken as a sign that monetary policy is too tight and an economic slowdown is on the way. The 10y-1y yield curve is also inverted, reinforcing recession…

Commonwealth Fusion Systems (CFS) marked a major milestone Tuesday morning, announcing the installation of a key component of its SPARC demonstration reactor. The new part is a 24-foot wide, 75-ton stainless steel circle that forms the foundation of the tokamak, the doughnut-shaped heart of a fusion reactor that CFS hopes will be the first of its kind to generate more power than it consumes. Called the cryostat base, it was made in Italy and shipped halfway around the world to CFS’s site in Devens, Massachusetts. “It is the first piece of the actual fusion machine,” Alex Creely, director of tokamak…

It’s time for a showdown between two of the most important cryptocurrencies in 2025. In one corner, XRP (CRYPTO: XRP) backed by Ripple, aims to revolutionize the traditional financial system with its blockchain-based payment alternative. On the other side of the ring, Solana (CRYPTO: SOL) is fueling the Web3 revolution with its lightning-fast network, home to a growing number of decentralized apps (dApps), smart contracts, and even meme coins. XRP has outperformed recently, up 14% year to date as I write this, in sharp contrast to the volatility facing Solana, down about 33%. Yet, going back two years, a $1,000…

Cully Cavness, Crusoe’s co-founder and chief operating officer, and Chase Lochmiller, co-founder and chief executive officer.Crusoe Energy/Andrew SchmittSeven years ago, the founders of Crusoe Energy set out to solve a dirty problem. Their mission was to take gas burned off by oil producers, convert it into electricity, and use that power to mine bitcoin. It turned into a good business.But then came the artificial intelligence boom, and Crusoe co-founders Chase Lochmiller and Cully Cavness started to see a much bigger opportunity.As the company focuses on AI and races to complete what it says could be one of most powerful clusters…

Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021.David Paul Morris | Bloomberg | Getty Images23andMe has officially filed for Chapter 11 bankruptcy protection, which means its assets — including its vast genetic database — will soon be up for sale.The company continues to sell its at-home DNA testing kits, allowing consumers to get insight into their family histories and genetic profiles. DNA data is particularly sensitive because each person’s sequence is unique, meaning it can never be fully anonymized, according to the National Human Genome Research Institute.If genetic data falls into the hands of bad…

Following a string of lawsuits and criticism for allegedly failing to protect its underage users from harm, Character AI, the startup that lets users create different AI characters and talk to them over calls and texts, said on Tuesday that it is rolling out a new set of parental supervision tools to increase safety for its teenaged users. Character AI will now give guardians and parents a summary of their teens’ activity on the app via a weekly email. The email will supposedly show the average time a child spends on the app and on the web, the time they…

WASHINGTON (AP) — President Donald Trump on Tuesday downplayed the texting of sensitive plans for a military strike against Yemen’s Houthis this month to a group chat that included a journalist, saying it was “the only glitch in two months” of his administration as Democratic lawmakers heaped criticism on the administration for handling highly sensitive information carelessly.Trump told NBC News that the lapse “turned out not to be a serious one,” and articulated his continued support for national security adviser Mike Waltz, who mistakenly added the editor-in-chief of The Atlantic, Jeffrey Goldberg, to the chain that included 18 senior administration…

(Bloomberg) — President Donald Trump’s crypto project World Liberty Financial said it plans to launch a stablecoin redeemable one-for-one with the dollar, an announcement that comes as his administration throws its support behind the digital tokens that underpin most crypto transactions. Most Read from Bloomberg The USD1 token will be 100% backed by short-term US Treasuries, dollar deposits and other cash equivalents, the Trump-backed decentralized-finance, or DeFi, firm said in a statement Tuesday. BitGo Inc. will serve as custodian and the USD1 tokens will be initially minted on the Ethereum and Binance Smart Chain blockchains. No timetable was disclosed. “USD1…

Jakub Porzycki | Nurphoto | Getty ImagesRipple and the U.S. Securities and Exchange Commission have reached an agreement to end their long-running legal battle. Following last week’s news that the SEC would drop its appeal without conditions, Ripple has now agreed to withdraw its cross-appeal, Chief Legal Officer Stuart Alderoty said on X Tuesday.The SEC will retain $50 million of the previously imposed $125 million fine — funds already held in an escrow account, Alderoty said. The remaining balance will be returned to Ripple.Additionally, Alderoty said the agency will request that the court lift the standard injunction currently in place.The…

In May 2023, Ford triggered a transformation when the U.S. automaker locked in a deal to give owners of its EVs access to the Tesla Supercharger network.  In a stunning shift, automaker after automaker — from GM and Hyundai to Rivian and Mercedes — followed suit. By the end of 2023, nearly every major automaker had agreed to adopt Tesla’s North American Charging Standard (NACS) and promised EV owners that adapters would soon be on their way. Many non-Tesla customers are still waiting. However, recent announcements from automakers may provide an electric lining of optimism. TechCrunch is tracking which brands…