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The influencer economy that Goldman Sachs projects will reach nearly half a trillion dollars by 2027 depends on a less-examined population: the influenced, millions of people who find themselves accumulating debt and clutter after years of exposure to what amounts to a 24/7 digital infomercial. Antoinette Hocbo, a former marketing professional who knows the tricks brands use to chip away at willpower, bought a $199 Pilates program, an iPad, and an arsenal of makeup products after TikTok's algor…

China has contributed less to global growth this year than the U.S. despite Beijing's frequent criticism of protectionism, according to a Wall Street Journal analysis citing new research from Goldman Sachs economists. U.S. imports are up 10% so far this year compared to a year earlier, while China's imports have fallen 3% in dollar terms. Goldman's economists found that the historical relationship between Chinese growth and global growth has turned negative; where 1% more Chinese output once ra…

Denmark's postal service, established by King Christian IV four centuries ago as one of Europe's first modern mail systems, will stop delivering letters on December 30, ending a tradition that once saw riders given a maximum of 45 minutes to cover each 10-kilometer stretch of routes running from Hamburg to Norway. PostNord, the postal service Denmark has shared with Sweden since 2009, started removing its 1,500 remaining red post boxes in June; a handful will go to museums. Letter volumes colla…

Dollar General and Family Dollar stores have collectively failed more than 6,400 government price-accuracy inspections since January 2022, charging customers more at checkout than the prices displayed on shelves for everything from frozen pizzas to puppy food, according to an investigation by the Guardian. The review examined records from 45 states and more than 140 counties and cities. Dollar General stores failed over 4,300 inspections across 23 states, and Family Dollar failed more than 2,10…

A powerful magnitude 7.6 earthquake has shaken Japan, prompting tsunami warnings and orders for residents to evacuate. From a report: A tsunami as high as 3 metres (10ft) could hit the country's north-eastern coast after the earthquake occurred offshore at 11.15pm local time (2.15pm GMT), the Japan Meteorological Agency (JMA) said. Tsunami warnings were issued for the prefectures of Hokkaido, Aomori and Iwate, and tsunamis from 20-50cm (7-18in) high were observed at several ports, JMA said. The…

An investigation has revealed how stablecoins -- cryptocurrencies pegged to the US dollar that exist largely beyond traditional financial oversight -- have become a practical tool for criminals and sanctioned individuals to move funds across borders almost instantly and convert them back into spendable money, often without detection. A Chainalysis report from February estimated that up to $25 billion in illicit transactions involved stablecoins last year. A New York Times reporter tested the sy…

Tech giants including Meta, Alphabet, Microsoft and Amazon have all extended the estimated useful lives of their servers and AI equipment over the past five years, sparking a debate among investors about whether these accounting changes are artificially inflating profits. Meta this year increased its depreciation timeline for most servers and network assets to 5.5 years, up from four to five years previously and as little as three years in 2020. The company said the change reduced its depreciat…

Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war for the legacy assets, the company said Monday. CNBC: Paramount will go straight to WBD shareholders with an all-cash, $30-per-share offer. That's the same bid WBD rejected last week, according to people familiar with the bid who asked not to be named because the details were private. The offer is backstopped with equity financing from the Ellison family and the …

Amazon used its annual re:Invent cloud conference in Las Vegas to pitch a vision of the workplace where AI agents serve not as tools but as "co-workers" and "teammates," even as the company proceeds with eliminating roughly 14,000 corporate jobs in its second major workforce reduction in recent years. AWS CEO Matt Garman predicted on stage that autonomous "frontier agents" could represent 80 to 90% of enterprise AI value. Colleen Aubrey, senior vice president of applied AI solutions, described …

America's Energy Department runs a research lab in Idaho — and this week announced successful results from a ground-breaking experiment. "This is the first time in history that chloride-based molten salt fuel has been produced for a fast reactor," says Bill Phillips, the lab's technical lead for salt synthesis. He calls it "a major milestone for American innovation and a clear signal of our national commitment to advanced nuclear energy." Unlike traditional reactors that use solid fuel rods and…

What triggered that Airbus emergency software recall? The BBC reports that Airbus's initial investigation into an aircraft's sudden drop in altitude linked it "to a malfunction in one of the aircraft's computers that controls moving parts on the aircraft's wings and tail." But that malfunction "seems to have been triggered by cosmic radiation bombarding the Earth on the day of the flight..." The BBC believes radiation from space "could become a growing problem as ever more microchips run our li…

An anonymous reader shared this report from Autoblog: Imagine walking out to your car, pressing the start button, and getting absolutely nothing. No crank, no lights on the dash, nothing. That's exactly what happened to hundreds of Porsche owners in Russia last week. The issue is with the Vehicle Tracking System, a satellite-based security system that's supposed to protect against theft. Instead, it turned these Porsches into driveway ornaments. The issue was first reported at the end of Novemb…

Nuclear engineer Lonnie Johnson worked on NASA's Galileo mission, has more than 140 patents, and invented the Super Soaker water gun. But now he's working on "a potential key to unlock a huge power source that's rarely utilized today," reports the Atlanta Journal-Constitution. [Alternate URL here.] Waste heat... The Johnson Thermo-Electrochemical Converter, or JTEC, has few moving parts, no combustion and no exhaust. All the work to generate electricity is done by hydrogen, the most abundant el…

Phys.org republishes this article from The Conversation: On average, managers spend 23 hours a week in meetings. Much of what happens in them is considered to be of low value, or even entirely counterproductive. The paradox is that bad meetings generate even more meetings... in an attempt to repair the damage caused by previous ones... A 2015 handbook laid the groundwork for the nascent field of "Meeting Science". Among other things, the research revealed that the real issue may not be the numb…