News Around the Globe
By Elisa Amazon-backed electric vehicle company Rivian is seeking a valuation of around $70-80 billion in its initial public offering, a source familiar with the matter told. Rivian confidentially submitted plans to federal …
Read MoreBy Wayt Warby Parker has either lost money or broken even for the past three years, the company revealed in a Securities and Exchange Commission filing to go public late …
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By Wayt TikTok users will soon be able to buy products directly within the app through a partnership with e-commerce firm Shopify, the companies said. Businesses on TikTok in the …
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By Feuer The Swedish government has to return about $1.6 million worth of bitcoin to a convicted drug dealer after the value of his illegally earned crypto soared while he …
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By Feuer The price of bitcoin shot past $50,000 late Sunday evening for the first time in more than three months as the broader crypto market continues to mount a …
Read MoreBy Reilly The dire situation at the Kabul, Afghanistan airport turned deadly Saturday after a stampede of desperate people attempting to flee the Taliban’s oppressive rule reportedly crushed some to …
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By Feuer Tesla CEO Elon Musk announced Thursday evening that the electric carmaker is now branching out and working on a humanoid “Tesla bot” – with one analyst calling the project …
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By Moynihan Robinhood’s stock tumbled more than 10 percent after the free stock-trading app warned a trading frenzy that powered its latest quarterly results appears to be waning. The Silicon …
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By Moynihan Bill Ackman’s giant blank-check company has been slapped with a lawsuit that claims it has been operating illegally, even as the billionaire investor’s hedge fund allegedly rakes in …
Read MoreBy Feuer The company that lost more than $600 million in a massive crypto heist last week has offered its hacker the position of chief security adviser after the cyber …
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By Feuer Jeff Bezos’ space company, Blue Origin, sued the National Aeronautics and Space Administration over the agency’s decision to award a $2.9 billion moon lander contract to Elon Musk’s …
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By Feuer The total value of the entire cryptocurrency market shot past $2 trillion over the weekend for the first time since May, fueled by a renewed surge in the …
Read More By Wayt The hackers who pulled off the largest cryptocurrency heist in history “for fun” have returned the money – and the company that they stole from wants to pay …
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By Feuer Virgin Galactic founder Sir Richard Branson sold almost $300 million worth of his shares in the space tourism company this week as he continued to shave his stake in the …
Read MoreBy Elisa Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page’s Kitty Hawk Corp., according to a …
Read More By Feuer Hackers have made off with more than $600 million in various cryptocurrencies, likely the largest heist ever in the burgeoning world of decentralized finance. The hackers targeted PolyNetwork, …
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By Feuer Tesla CEO Elon Musk received almost $6.7 billion in compensation in 2020 – earning the tech entrepreneur over 11 times more than the country’s next highest-paid chief executive, …
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By Feuer Chinese e-commerce giant Alibaba said Monday it has fired a manager who was accused of rape by another employee of the company. In addition to the termination, two …
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By Patrick The US had topped 100,000 new COVID-19 cases – its highest daily total since before the vaccine rollout, federal data show. This is the highest rate of infections …
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By Elisa Google co-founder Larry Page has gained New Zealand residency, officials confirmed, stoking debate over whether extremely wealthy people can essentially buy access to the South Pacific country. Immigration …
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