Author: Jeffery Carter

Students on campus at Massachusetts Institute of Technology in Cambridge, Massachusetts.Education Images | Universal Images Group | Getty ImagesHarvard University is no longer the ultimate “dream” school, at least among current college applicants.This year, Massachusetts Institute of Technology secured the top spot of most desirable colleges, according to a new survey of college-bound students by The Princeton Review.Harvard fell from No. 1 after a prolonged period of controversy, marked by antisemitism on campus and the resignation of Harvard President Claudine Gay amid allegations of plagiarism.Despite the reshuffling, there remains a common element at the top of the rankings, according to Robert Franek, The…

Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S.Carlos Jasso | Bloomberg | Getty ImagesNow that President Trump has announced plans for a Strategic Bitcoin Reserve, crypto industry leaders can focus on what else they want to hear from the new administration on Friday.Just over six weeks into his second White House term, Trump is hosting his first Crypto Summit, a nod to an industry that played a major role in his election victory in November. No executive was more central to…

Warren Buffett, 94, is the CEO of Berkshire Hathaway.AP Images Bosses of KKR, Brookfield, and Apollo want to build their own versions of Berkshire Hathaway. KKR is placing long-term bets and Brookfield expects insurance to be central to its ambitions. The Warren Buffett approach requires smarts, patience — and the discipline to do nothing at all. Wall Street heavyweights are vying to become the next Warren Buffett — or at least build their own versions of Berkshire Hathaway. Pulling pages from the Buffett playbook is one thing — having the smarts, patience, and discipline to succeed is another. The legendary…

Chinese AI lab DeepSeek plans to open source portions of its online services’ code as part of an “open source week” event next week. DeepSeek will open source five code repositories that have been “documented, deployed and battle-tested in production,” the company said in a post on X on Thursday. Code repositories are storage locations for software development assets, and typically contain source code as well as configuration files and project documentation. “As part of the open-source community, we believe that every line shared becomes collective momentum that accelerates the journey,” the company wrote. “Daily unlocks are coming soon. No…

Abercrombie & Fitch’s growth story is starting to slow down.Shares of the apparel retailer plummeted 15% on Wednesday after the company issued weaker-than-expected guidance for its current quarter and fiscal 2025, and said it expects its sales will grow more slowly than Wall Street anticipated.Abercrombie is expecting sales to rise between 3% and 5% in fiscal 2025, well below estimates of 6.8% growth, according to LSEG. During its current quarter, the company anticipates earnings per share will be between $1.25 and $1.45, short of expectations of $1.97.A slowdown at Abercrombie’s namesake brand is compounding concerns. The segment had been leading…

Egyptian President Abdel Fattah el-Sisi poses for a picture with leaders as Egypt hosts emergency Arab summit to discuss Palestinian developments, at Egypt’s New Administrative Capital in Cairo, March 4, 2025. Egyptian Presidency | Via ReutersArab states led by Egypt have accepted a roadmap to rebuild Gaza as the “comprehensive Arab plan,” countering President Donald Trump’s proposal to redevelop the strip, transform Gaza into what he calls the “Riviera of the Middle East,” and displace Palestinians.The White House has effectively rejected the Arab plan, saying “the current proposal does not address the reality that Gaza is currently uninhabitable and residents cannot…

In a Tuesday interview with CNBC’s Jim Cramer, Royal Caribbean CEO Jason Liberty said consumers still want to spend money on cruises, even as President Donald Trump’s tariff hikes threaten the health of the broader economy.”One of the things that’s a great hedge for the consumer for the cruise industry, especially for Royal Caribbean, is we still trade at a 20, 25% discount to land-based vacation,” Liberty said. “So, they’re still getting a lot of value out of that vacation experience, and our recent surveys of our guests show that, actually, their propensity to cruise is at all-time highs, and…

The Port Newark Container Terminal in Newark, New Jersey, March 3, 2025.Kena Betancur/View Press | Getty Images News | Getty ImagesTariffs on Canada and Mexico took effect Tuesday — and they’re bound to raise prices for consumers, sometimes in unexpected ways, according to economists.Tariffs are a tax on foreign imports, paid by the U.S. entity importing a particular good.President Donald Trump on Tuesday imposed a 25% tariff on Canada and Mexico, the two largest trading partners of the United States. Trump set a lower 10% tariff on energy from Canada.Businesses typically pass along some of the additional cost of tariffs…

AI Innovators, seize your moment! Have insights that could inspire 1,200 AI founders, investors, and enthusiasts eager to advance the future of AI? Take center stage, influence the AI conversation, and exchange ideas at TechCrunch Sessions: AI on June 5 at UC Berkeley’s Zellerbach Hall. We’re gathering top AI visionaries from the startup world to lead compelling sessions and interactive roundtables. Join us in helping entrepreneurs, founders, and innovators navigate the evolving world of AI. Lead a breakout session at TC Sessions: AI  This is your moment to delve deep into pressing AI topics. Organize a team of up to…

New apartment construction hit a record high last year, but all that new supply is apparently not enough to cool the competition in the market. Getting a rental is actually becoming even more difficult, according to a new report from RentCafe, an apartment search site.Last year, developers completed close to 600,000 multifamily units, according to the U.S. Census. That is the highest level since 1974 and a 34% increase from 2023. New York City, Dallas and Austin, Texas, led in the number of new rentals.Despite that, on a national level, rental competitiveness rose at the start of this year, according…