Musk vs. the Bots
Summary
“We’ve seen several of our clients in the high-growth technology space quickly shift their focus to reducing cost,” said Bryce Maddock, the chief executive of the outsourcing company TaskUs, discussing U.S. layoffs on an earnings call last week. “I sincerely ask all our partners to join us in increasing their financial support to Ukraine.” — Treasury Secretary Janet Yellen, in a speech today at the Brussels Economic Forum, warned that Ukraine did not have enough funding to sustain its government and fend off Russia. • None Securities and Exchange Commission chairman Gary Gensler, speaking at an annual conference of Wall Street regulators in Washington yesterday, said crypto was “a highly speculative asset class” that left investors exposed to losses and fraud. • None The Commodity Futures Trading Commission chairman, Rostin Behnam, told CNBC that crypto is “causing some confusion and some chaos,” and said that his agency should take on more regulatory responsibility over digital assets. • None The Consumer Financial Protection Bureau chairman, Rohit Chopra, told Bloomberg that he thought there were many dangers for investors lurking in stablecoins — cryptos linked to assets like the dollar that are meant to hold a steady value, but some of which have not been doing so lately.