Legacy banks are losing their grips on millennials and Gen Z as millions of young consumers abandoned the traditional banks in favor of online and digital-only banking. Now, the old banks are fighting back by offering mobile banking services that make […]
Wealth disparities are on the rise in the United States. Today, the top 20% of Americans owned 86% of the country’s wealth and the bottom 80% of the population owned 14%. Closing the racial wealth gap requires more than just taxing […]
In 2020, the global cannabis market was valued at $22.10 billion. As millions stayed at a home during the pandemic, an increasing number of people turned to cannabis to relax and alleviate their anxieties. This, in addition to more states legalizing marijuana […]
London-based digital asset investing company CoinShares International has acquired French fintech Napoleon Crypto SAS and its social trading platform for $15.8 million (about 13.9 million euros), as the booming cryptocurrency market heats up. As part of the acquisition agreement, CoinShares said […]
One of the basic rules of safety is that testing never ends. This is even more profound in autonomous vehicles, also called driver-less or self-driving vehicles. Unlike regular vehicles with human drivers, an autonomous vehicle is one that senses its environment […]
On November 17, OSHA suspended the vaccine mandate in a big win for employers after the U.S. Court of Appeals for the Fifth Circuit granted a motion to stay that found it likely to be struck down as unconstitutional. Now about two […]
Reibus, a provider of B2B e-commerce platform for the industrial metals market, has raised $75M in Series B funding led by SoftBank Vision Fund 2. This investment brings Reibus’ total funding to over $100 million and a valuation of $750 million. […]
Wall Street giant Goldman Sachs announced Tuesday the launch of Goldman Sachs Financial Cloud for Data with Amazon Web Services, Inc. (AWS), a new suite of cloud-based data and analytics solutions for financial institutions. The new product will enable Goldman to […]
Things appear not to be going well at SpaceX after a company-wide email from Elon Musk was made public. According to a copy of the email which was obtained by CNBC, Musk wrote that “The Raptor production crisis is much […]
As you may recall, last month Japanese drone startup A.L.I. Technologies unveiled the world’s first hoverbike that can fly above public roads. Made for the ultra-wealthy, the hoverbike is called “XTurismo Limited Edition.” According to the company, the 77.7 million yen ($680,000) […]
Just yesterday we wrote about Twitter founder Jack Dorsey after a surprise announcement that he was stepping from his role as chief executive officer of Twitter. Immediately after his departure, Jack was replaced by CTO Parag Agrawal. Now with less than two […]
Griid Infrastructure, a bitcoin mining startup, announced today it is going public through a merger with a blank-check firm Adit EdTech Acquisition Corp in a deal that valued the combined company at about $3.3 billion, including debt. According to the announcement, Griid […]
Colony is a new community-driven platform you’ve probably never heard of. Imagine you’re a developer and you’re trying to raise funds to launch your project on blockchain platforms like Ethereum or Ethereum rival, Avalanche. What you may not realize is […]
Vingroup, Vietnam’s largest conglomerate founded by Vietnam’s richest man Phạm Nhật Vượng, is in talks with global investors including the world’s largest asset manager BlackRock and Qatar’s sovereign fund to raise about $1 billion in equity for its automotive arm, according to […]
Cryptocurrency miners are using compromised Google Cloud accounts for compute-intensive crypto mining purposes, the tech giant warned in a “Threat Horizons” report published on Wednesday. According to Google, 86% of 50 recently compromised Google Cloud accounts were used to perform cryptocurrency […]
Mainstream Renewable Power, a global wind and solar renewable energy startup company, announced today it has raised €90 million ($101.4 million) in additional funding to accelerate new market entries and the build-out of gigawatt-scale wind and solar assets across Latin America, Africa, […]
About an hour ago, we wrote about Jack Dorsey stepping down from his role as chief executive officer of Twitter. Now, Jack just confirmed the report in a tweet that he has resigned from Twitter. Jack has been replaced by CTO Parag […]
As you may recall, we reported about Microstrategy back in June after the Virginia-based company bought a total of 105,085 bitcoins for $2.741 billion at an average price of ~$26,080 per bitcoin. Today, the company announced it has bought another 7,002 bitcoins for […]
Twitter CEO Jack Dorsey is stepping down from his executive role as the chief executive officer, according to a report from CNBC, citing sources familiar with the matter. Dorsey, 45, currently serves as both the CEO of Twitter and Square, his […]
Private equity firm Clearlake Capital has acquired IT management and security software startup Quest Software from Francisco Partners, according to a report from The Wall Street Journal, citing people familiar with the matter. The deal, which values Quest Software at […]
