From beer floods to meat showers, history is full of peculiar—and putrid—disasters.

NEW YORK--(BUSINESS WIRE)--Aug 18, 2023--

Bitcoin has had a sleepy summer. This week, it was shaken awake. For the past several months, the

By Jennifer Gauthier, Timon Johnson YELLOWKNIFE, Northwest Territories/EDMONTON (Reuters) -The remaining residents from the remote northern Canadian city of Yellowknife

The Securities and Exchange Commission asked a federal judge for permission to appeal her ruling that Ripple Labs’

X, the social media platform formerly known as Twitter, will remove the ability for users to block other

Arm Ltd., a chip designer that is preparing for what would be the biggest initial public offering of

Renewable power developers blasted a US government decision that will slap new tariffs on solar exports from Southeast

Standard Chartered Plc is joining a growing list of banks keen to explore opportunities in a debt-swap market

Apple is making a small but already controversial tweak in the upcoming iPhone update. The company revealed iOS 17 at its Worldwide Developers Conference, in June. It showed off a range of features: new images that will show when you call someone, redesigned messages and stickers, and a new “StandBy” mode that allows the phone to be used as an ambient display when turned on its side. But another change has already received as much discussion as those more substantial updates. And it relates to the button you use to put the phone down. Until now, that button was in the middle of the screen, on its own. That meant among other things it was easy to press without accidentally hitting anything else, and that you could be confident of doing so. But a recent update to the iOS 17 beta – which allows users to test out the new software as it is developed, before everyone else – moved that button to the bottom-right of the screen, and put it alongside other buttons. Then another update to that beta arrived this week, which moved that back to the middle of the bottom of the display, but still left it among other buttons. The relocation is already proving controversial among users who are adjusted to knowing where to press to end their call. Moving the buttons together at the bottom of the display is presumably an attempt to leave more space for the new Contact Posters that show when someone calls. But it is not clear why Apple moved the button around, and then replaced it. The change is just one of a range of alterations to the usually neglected Phone app in iOS 17. The update also brings new Contact Posters that people can design to show on others’ phones when they call, the option to leave a message when someone doesn’t pick up FaceTime calls, and a new live voicemails tool that answers the phone on your behalf and transcribes what people say. The full release of iOS 17 is expected to come next month, just before the launch of the iPhone 15. That too will make a change to the real buttons on the device: widespread rumours suggest that the toggle on the side of the phone that switches into silent mode will be replaced with an “action button” that can be configured by the user. Read More Bitcoin’s price is crashing dramatically AI poses a profound threat – but could also help save us, experts agree Study finds popular accessory likely makes no difference to sleep quality, eye health

Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters

Jack Dorsey is done with Instagram. The Twitter co-founder deleted his Instagram account this week