Meet David Sacks, the friend of Elon Musk who could play kingmaker for Ron DeSantis
Venture capitalist and early PayPal executive David Sacks had a bundle of cash to deploy early in the 2022 midterm…
Boss of Goldman-backed digital bank Starling to step down next month
The co-founder of Starling, one of the U.K.’s largest digital banks, is set to step down as CEO next month,…
‘Price bubble’ in A.I. stocks will wreck rally, economist David Rosenberg predicts
Investors piling into stocks with artificial intelligence exposure may pay a hefty price. Economist David Rosenberg, a bear known for…
Fintech firm Klarna halves net loss in first quarter as it races toward profitability
Klarna, the Swedish buy now, pay later fintech company, halved its net loss in the first quarter, recording a significant…
Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy
Cryptocurrency giant Tether is setting up a bitcoin mining operation in Uruguay using renewable energy, as the company looks to…
Sen. Tim Scott pushes bill that would require disclosure of apps’ country of origin
WASHINGTON — Sen. Tim Scott, R-S.C., is pushing for more transparency from social media applications amid privacy concerns about China-based…
British digital bank Monzo hits monthly profitability for the first time after spike in lending
Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of…
A U.S. recession would be ‘good news’ for markets, strategist says
A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder…
TripAdvisor rival GetYourGuide nears $2 billion valuation as it raises fresh funds to invest in A.I.
German online travel startup GetYourGuide raised $194 million from investors, hoping to capitalize on a bump in demand for travel…
A.I. trade is leaving investors vulnerable to painful losses: Evercore
The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration…
