Not running your business on NetSuite is like trying to sink a putt with a cap pulled over your eyes.

NetSuite by Oracle gives you visibility and control of your financials, inventory, budgeting, and more, all in one place.

NetSuite has a new financing program for those ready to upgrade at NetSuite.com slash Wall Street.

The SEC Seuss CryptoFirm's Genesis and Gemini, plus developers scramble to build tools to spot computer-generated text and images.

We're gearing up for sort of an arms race because these AI tools just keep getting better and better.

It's other detection tools. We'll need to keep up with them or use their own AI to fool the other AI's.

And we'll look at what you can do to prepare for a possible recession. It's Friday, January 13th. I'm Luke Vargas with the Wall Street Journal, and here's the AM edition of What's News, the top headlines and business stories moving your world today.

The U.S. Securities and Exchange Commission has sued CryptoFirm's Genesis and Gemini, over a $900 million crypto lending program that allegedly violated investor protection laws.

The Civil Suit, filed Thursday in Manhattan Federal Court, alleges that Genesis should have registered the product, which would have required providing clients with detailed financial disclosures.

Genesis abruptly paused withdrawals from the program on November 16th after it couldn't meet client redemption requests in the wake of crypto exchange FTX's collapse.

According to the SEC, at that time, Genesis held about $900 million in assets from 340,000 Gemini customers.

Gemini co-founder Tyler Winklevoss tweeted in response to the SEC suit, saying that the company looked forward to defending itself and wouldn't let the suit be a distraction.

A spokeswoman for Genesis didn't comment.

The U.S. Federal Aviation Administration says that personnel failure was to blame in a system outage that briefly halted all domestic departures across the country earlier this week.

The FAA said in a statement that the breakdown of its no-tam pilot alert system was the result of damage to a data file by the personnel.

According to people familiar with the matter, the agency hasn't determined whether the actions of the workers, who were contractors, were inadvertent or intentional.

South Korean President Yoon Suk-yul has said the country could develop its own nuclear weapons or ask the U.S. to redeploy them on the Korean peninsula if the threat from North Korea grows.

It is the first time in decades that a leader of South Korea, a non-nuclear state, has explicitly raised the prospect.

The idea has long been rejected by the U.S. and previous administrations in Seoul, though polls have shown that it is supported by a majority of the South Korean public.

China's trade surplus hit a record high of more than $877 billion last year, according to data released today by China's Customs Bureau.

However, Wall Street Journal Deputy Finance Editor Quentin Webb says that China posted a steepening decline in exports in December that adds urgency for Beijing to seek other growth drivers as the global economy struggles.

What this tells us is basically, China enjoyed this export boom during the pandemic, but that's now starting to slow, and so that's no longer going to be a reliable growth driver for China.

...