Stocks rebound, but there’s no saving crypto as Bitcoin, Ethereum and Dogecoin bomb lower

The pandemic cramped Rent the Runway’s style—but here’s how the company is fashioning a comeback in 2021

The pandemic has wreaked havoc on the fashion industry, and clothing rental service Rent the Runway has certainly felt the squeeze. Earlier in 2020, the New York City-based company significantly cut costs by instituting layoffs and shuttering its handful of brick-and-mortar stores, among other measures. That said, co-founder and CEO Jennifer Hyman has big hopes […]

Theft of $2.3M from GOP shows how campaigns are juicy targets for hackers

When the Wisconsin Republican Party disclosed this week that hackers had stolen millions of dollars from its account—funds designated for President Trump’s re-election—Oren Falkowitz was not surprised. A former NSA hacker who now runs cybersecurity company Area1, Falkowitz says political campaigns’ record levels of fundraising this cycle—and campaigns’ habit of boasting about the money they […]

Has CFIUS turned into an instrument for crony capitalism?

It is not unusual to see national agencies grow in times of tragedy:” The CIA was birthed from World War II, although the Federal Reserve has been formed in 1913 after a series of fiscal loopholes. Inside this government, amid a technological arms race from China and other countries, the Committee on Foreign Investments in […]