US Department of Defense officials often face intense scrutiny from Congress, specifically because their agency has never been able to pass an audit. In 2022, the DoD had its fifth self-led audit in the department’s entire history, and 1,600 auditors couldn’t get it to account for roughly 60% of its $3.5 trillion in…

Read more...

Twitter has never been a huge hit with advertisers. But under Elon Musk’s ownership, marked by a name change to X, a rollback of site rules, prioritized engagement for paying users, and Musk’s own edgy persona, the social media company’s outlook is bleaker than ever.

Read more...

While buildings only contribute to 6% of global emissions, accounting for the use of more electricity and a structure’s materials can triple the size of a building’s carbon footprint, according to a new report by Generation, a sustainable investment firm. Historical data from the International Energy Association (IEA)…

Read more...

Instacart debuted on the Nasdaq stock exchange this morning (Sep. 19), listing at $30 a share under the ticker symbol CART, and rising to $42 in early trading. The IPO valued Instacart at $10 billion, down dramatically from $39 billion in 2019. But unlike its gig-economy peers Uber and DoorDash, Instacart did go public

Read more...

Ant Group, owner of Alipay, the world’s largest digital payment platform, is expanding its global network to include 10 major e-wallets from across Asia. That marks a significant step toward making travel and spending in the People’s Republic of China easier for foreigners.

Read more...

Work can be challenging, especially when we factor in the complications of working with other humans. To help us build an understanding of our work styles and that of others, Quartz at Work turned to Neha Sangwan, M.D., with an excerpt from her new book Powered By Me: From Burned Out to Fully Charged at Work and in…

Read more...

TikTok really wants me to buy a hairbrush. This past week, one popular influencer repeatedly tried to sell me what she called “the viral TikTok brush” as part of a paid advertising campaign. I also noticed smaller creators hawking it with a label explaining that they’d be paid a commission on any sales as part of a…

Read more...

The Bank of International Settlements (BIS) warned financial markets that hedge funds could disrupt the all-important US Treasury market because of massive size of their leveraged bets against it.

Read more...