Plus: Amazon guts Alexa, and shadow figure behind FTX.
Nicholas Carlson, November 21, 2022
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- The suspect in the deadly shooting at a LGBTQ club in Colorado Springs appears to have threatened his mom with a homemade bomb a year before, per reports. Here's what to know.
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- Trump's White House blocked government websites aimed at helping Americans vote, fighting human trafficking, easing homelessness, and stopping fraud. Get the details.
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Whether the US economy goes into a recession or not, the stock market is royally screwed. It may seem like the problems affecting the market and economy are the same, senior correspondent Linette Lopez writes, but in reality, the heartburn facing each is wildly different. On the one side, you have the economy, which is trying to work out a violent, but relatively short-lived bout of inflation. And on the other, there's the stock market, which is facing down a ferocious correction that isn't going to end anytime soon. This isn't just a little hiccup, it's a huge comedown after a decade-long debt-fueled party. "It doesn't matter whether it's technically a recession," one legendary fund manager told Lopez. "It's a bear market. We sit in the middle innings." Wall Street's hype machine will come up with silly reasons why relief is just around the corner, but it's not. All stocks can do is fall in a spectacular fashion. And all investors can do is get out of the way. Go inside Wall Street's bad hangover here. |
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Ted S. Warren/Isaac Brekken/Elaine Thompson/AP; Anna Kim/Getty; Amazon; Anna Kim/Insider. |
- Amazon employees describe the chaos within the Alexa unit. While Alexa was once one of the company's most rapidly growing projects, mounting losses and massive job cuts underscore the swift downfall of the voice-assistant. More than a dozen current and former staffers spoke to Insider about this "colossal failure of imagination" and said the division is in crisis.
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- Caroline Ellison is a math whiz, trader — and the shadow figure behind FTX's collapse. Ellison was the head of Alameda Research, the trading firm through which Sam Bankman-Fried moved crypto tokens. She's since emerged as an important character behind the crypto exchange's seeming success and surprising downfall. How she got involved in crypto's biggest implosion.
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- How small-town Maine embraced a family that fled the Taliban. In the fall of 2021, a family from Afghanistan was resettled in Cape Elizabeth, Maine. Here, we detail how they rebuilt their lives, the community that welcomed them, and a friendship that bridged two cultures. Read their story here.
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"A group that tracks weights and measures has reached a big decision about a small unit. The 'leap second' will be scrapped in 2035." |
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Dijon mustard takes its name from a town in France, where it originated — but the majority of Dijon mustard that's sold around the world doesn't come from there. The few jars that do will cost you up to six times more, though. So why is it so expensive? Watch to find out. |
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