Steve Mollman

Bitcoin or gold? Beware the ‘malignant tumor,’ says ‘Black Swan’ guru Nassim Nicholas Taleb

Is Bitcoin or gold the better investment? Opinions vary widely, with billionaire crypto fan Mark Cuban favoring Bitcoin—and slamming gold—and Euro Pacific Capital CEO Peter Schiff going the other way. Nassim Nicholas Taleb has some thoughts, too.…

Bitcoin or gold? Beware the ‘malignant tumor,’ says ‘Black Swan’ guru Nassim Nicholas Taleb

Is Bitcoin or gold the better investment? Opinions vary widely, with billionaire crypto fan Mark Cuban favoring Bitcoin—and slamming gold—and Euro Pacific Capital CEO Peter Schiff going the other way. Nassim Nicholas Taleb has some thoughts, too.…

Salesforce’s ‘Ohana’ mantra questioned after CEO Marc Benioff dodges questions about layoffs in all-hands meeting

Billionaire Salesforce CEO Marc Benioff often conjures the Hawaiian concept of “Ohana” with regards to his company culture. It conveys the idea of family bonds that encourage people to be responsible for each other. After an all-hands call at…

The Air India passenger who urinated on a woman mid-flight has been fired by Wells Fargo, where he was a vice president

A story that seemed too weird to be true just got weirder. As Fortune reported yesterday, India’s aviation regulator scolded Air India this week for being “unprofessional” and “devoid of empathy” in its handling of a bizarre incident in late…

DeSantis vs. Disney heats up as governor proposes Florida take control of special district: ‘The corporate kingdom has come to an end’

Disney has had a sweet deal in Florida for decades. It might not last much longer. Gov. Ron DeSantis, widely expected to run for president next year, intensified his feud with Disney on Friday with a plan to take control of the governing board for…

Elon Musk’s Starlink has inspired Taiwan to build a similar satellite system to the one Ukraine is using in its war with Russia

For years before Russia invaded Ukraine, there was another scenario that worried foreign policy wonks even more: China and Taiwan. Despite having never governed it, China considers Taiwan its territory and has vowed to “reunify” it with the Chinese…

DeSantis vs. Disney heats up as governor proposes Florida take control of special district: ‘The corporate kingdom has come to an end’

Disney has had a sweet deal in Florida for decades. It might not last much longer. Gov. Ron DeSantis, widely expected to run for president next year, intensified his feud with Disney on Friday with a plan to take control of the governing board for…

Starlink works in Ukraine war, Taiwan takes note

For years before Russia invaded Ukraine, there was another scenario that worried foreign policy wonks even more: China and Taiwan. Despite having never governed it, China considers Taiwan its territory and has vowed to “reunify” it with the Chinese…

American Airlines is accused of retaliating against employees who reported toxic fumes on flights—a problem it’s no stranger to

There isn’t much you can do when toxic fumes fill the cabin of the airplane you’re stuck in. But as a passenger, the smelly ordeal ends when the flight does, if not before. For flight attendants, it’s another story. At American Airlines, the problem…

Elon Musk wants Kevin McCarthy to be speaker of the House and Ron DeSantis to be president

Elon Musk is wading into politics—and letting his thoughts be known. The billionaire Tesla, SpaceX, and Twitter CEO indicated in November that he would support Florida Gov. Ron DeSantis for president, and today he threw his weight behind GOP lawmaker…

The Crypto Winter will last through 2023 and maybe 2024, predicts PayPal and Meta alum David Marcus

David Marcus may lead a Bitcoin-focused company, but he doesn’t see the Crypto Winter ending anytime soon. Marcus was CEO of PayPal and also ran crypto efforts at Facebook (now Meta). He currently leads Lightspark, a Los Angeles startup creating…

Gen Z climate activist Greta Thunberg’s putdown of macho troll Andrew Tate has quickly become one of the most-liked tweets ever

Greta Thunberg demonstrated once again this week she’s a force to be reckoned with. Known for taking on world leaders over climate change, the 19-year-old environmental activist capped off 2022 by insulting Andrew Tate with what is already one of the…

Southwest Airlines passengers were threatened with arrest on Christmas for ‘trespassing’ at the airport they were stranded in

Southwest Airlines was already having a terrible year’s end after a massive winter storm forced it to cancel more than 15,000 flights across the U.S. during the holiday period. Then the PR nightmare got worse. At Nashville International Airport on…

Twitter employees are bringing their own toilet paper to work as Elon Musk keeps ‘cutting costs like crazy’

Twitter CEO Elon Musk recently said he’s been “cutting costs like crazy” since taking over the company. Employees are smelling the results. Speaking in a Twitter Spaces conversation on Dec. 20, Musk said, “This company is like, basically, you are in…

The Southwest Airlines debacle made (some of) its rivals do the unthinkable: Cap fares to help stranded passengers

To say Southwest Airlines is having a bad week on the public relations front would be an understatement. Customers are seething after the airline’s widespread flight cancellations following the massive winter storm that disrupted holiday travel…

Top Biden advisor says the U.S. economy has a ‘fighting chance’ of avoiding a recession with a ‘soft landing’

It’s hard to avoid the doom and gloom about where the U.S. economy is headed. High-profile business leaders and top economists have been warning for months about a looming recession, with many criticizing the Fed for keeping interest rates too high…

Crypto is like the ‘World of Warcraft’ economy and legitimizing it with regulations would hurt the financial system, says economist

In the wake the FTX collapse, calls to regulate crypto have increased among U.S. lawmakers. But doing so would confer legitimacy to the crypto industry, a prominent economist argued this week, and that in turn could lead to more widespread economic…

Mark Cuban defends Bitcoin, says anyone investing in gold is ‘dumb as f***’

Mark Cuban, the billionaire owner of the Dallas Mavericks, defended Bitcoin this week while casting doubt on investing in gold. In a Club Random podcast episode to be released Monday, host Bill Maher said he’s “very anti-Bitcoin” and believed in the…

A Chick-fil-A that paid workers with sandwiches instead of actual money was just fined by the Department of Labor

A Chick-fil-A restaurant in North Carolina sparked outrage this summer by paying “volunteers” with sandwiches instead of money. Now, it’s been ordered by a federal agency to issue those workers paychecks. The Department of Labor on Monday released a…

The Mega Millions drawing is now worth $500 million—but that’s nothing compared to what the Spanish Christmas lottery ‘El Gordo’ is giving away

The Mega Millions jackpot surpassed half a billion dollars Wednesday, with a new estimated jackpot of $510 million. Nobody has claimed the top prize since mid-October, and the next drawing will be Friday night. That means many Americans will start…