Author: Megan Burrows

There is something almost absurd about the scene at the center of this case: a person standing in their kitchen, blender whirring, scooping vanilla-flavored powder into a morning shake because they are trying to be healthier. A federal lawsuit has been filed against one of the most reputable names in retail over this routine, which is carried out millions of times in American homes. Seven consumers filed a proposed class action against Costco on July 7 in the U.S. District Court for the Western District of Washington, alleging that Orgain Organic Protein Powder sold through the warehouse chain contains lead,…

On paper, Redis is having a very good year. This spring, the database company surpassed $300 million in yearly recurring revenue, capitalizing on a surge in demand for the infrastructure necessary to support AI systems. Twelve thousand clients have made payments. The client list includes one-third of the Fortune 100. However, about 75 employees at its Tel Aviv development center are finding out they are unemployed this week. About 25% of the company’s 300 Israeli employees have been laid off, which is a startling figure for a business that was just a few weeks ago celebrating a revenue milestone. Ofer…

With “The Chosen,” a series financed by thousands of common Christians who purchased shares for as little as $1, Dallas Jenkins has spent almost ten years narrating the story of Jesus. Some of those same believers now claim they were forced out of the very thing they created as the show gets closer to its final seasons. According to Jenkins, the charge is “categorically false.” Christopher Garabedian, a former biopharma executive who invested $300,000 in 5&2 Studios’ predecessor back in 2019, filed the lawsuit last month in the Delaware Court of Chancery. According to his own account, he anticipated holding…

Some layoffs make headlines for a day before going unnoticed. They are not like Sitecore. They come in waves, year after year, loud enough for anyone who has worked in the enterprise software industry to be able to recite the pattern from memory, but quiet enough that most people outside the industry never notice. For the better part of ten years, the Copenhagen-based digital experience company has been periodically reducing its workforce. Between 100 and 150 people, mostly in Europe, were impacted by the cuts in 2015. Then came 2019, when about 70 workers, or 5% of the world’s workforce,…

When an asset ceases to function as it should, a specific type of disorientation occurs. Gold has been known for decades as the material to turn to in the event of a global emergency. The script is as follows: gold rises, markets panic, and war breaks out. However, as the Iranian conflict developed this year, the script was abandoned sometime in February, and it’s unclear why investors weren’t alerted sooner. On their own, the numbers reveal an odd tale. Given where it began a year earlier, the price of gold reached almost $5,600 per ounce in late January, which felt…

When a regulator lifts a ban, a peculiar kind of optimism descends upon a market. Press releases, trading platform posts on LinkedIn, and the somewhat breathless tone of financial newsletters all convey this. In the UK, cryptocurrency ETNs have returned. Finally, investors have access to ether and bitcoin through what appears to be a reassuringly regulated system. However, since it’s doing a lot of quiet work that it probably shouldn’t, it’s worthwhile to consider what the word “regulated” actually means in this context. The fact that these aren’t ETFs is what no one mentions in the headline. True cryptocurrency ETFs…

A certain silence descends upon a regulatory announcement that no one anticipated would have such a significant impact. That’s essentially what transpired this week when the FCA concluded its protracted review of consultation papers and finally informed the industry, “These are the rules, and yes, they’re real this time.” Three years have gone into its creation. Ten consultation papers, four discussion papers, and what FCA executive director for payments and digital finance David Geale described as the largest expansion of the regulator’s purview in ten years. That’s just the truth; it’s not marketing speak. For many years, British cryptocurrency companies…

Inside the Threadneedle of the Bank of England: What should money look like in a digital economy? This seemingly straightforward question has been posed for years by economists, policy teams, and street offices. The solution they are aiming for—a digital pound, sometimes referred to as Britcoin, though no one in official circles seems particularly fond of that moniker—is still developing, being tested in a lab setting through July 2026, examined in policy papers, and discussed in parliamentary committees. There has been no decision to build it. It’s important to acknowledge this fact because a lot of British ambition tends to…

A laboratory equipment company called Labtex recently finished a trade finance deal with India somewhere in West Yorkshire. Under the previous paper-based system, this transaction would have taken days or even weeks. Instead, it was processed in almost real time using a blockchain platform called WaveBL, with Lloyds Bank managing the digital Letter of Credit on the UK side. No messengers. No handling of paper documents. Don’t wait. It’s the kind of transaction that doesn’t make the front pages, but it’s precisely the kind of thing that indicates a real change, the kind where a technology becomes a process rather…

The full impact of Brexit on financial services started to sink in at some point in late 2020. On December 31 of that year, the transition period came to an end, and the passport—which the fintech and cryptocurrency sectors had secretly relied on for years—went away. A London-based startup was able to operate in 27 EU member states without having to submit a separate application in each thanks to that one word: passport. When it vanished, the environment changed in ways that were immediate for some businesses and still developing for others. The cryptocurrency industry had greatly profited from being…