Sprint stock jumped 77% on news that a federal judge had rejected a move by a group of states to block T-Mobile’s merger with Sprint. Exactly when the deal will close, though, remains uncertain. The states may appeal the judge’s decision, for one thing. Analysts have said an appeal is unlikely, although some of the same analysts also thought the judge would block the deal, so it’s tough to know...
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Crypto Global crypto
Breaking Down the SEC’s Double Whammy
The Securities and Exchange Commission started the week off with a one-two punch, filing lawsuits against Binance on Monday and Coinbase on Tuesday. The sweeping lawsuits shared some key charges, including that each company operates an unregistered securities exchange, but the Binance lawsuit contained other damning allegations, including that Binance and its CEO Changpeng Zhao...
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Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.