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Crypto Venture Firm New Form Aims to Raise $100 Million Fund
Crypto and blockchain-focused venture firm New Form Capital is returning to the fundraising market, seeking to raise a $100 million fund in the latest sign investors remain bullish on the once-beleaguered crypto sector.The Wall Street Journal - World - Crypto -
Wordle, the daily obsession of millions
The New York Times' five-letter word puzzle has become a daily ritual, and was played a staggering 4.8 billion times last year.CBS News - Top stories -
Behind the wheel of a $3 million car
The Hennessey Venom F5 is not just a sports car; its twin turbo V8 engine can muster more than 1,800 horsepower, almost twice that of a Formula 1 racing car. And yes, you can drive it on the street, for the cool price of $3 million. Correspondent ...CBS News - Top stories -
Slow: the Lithuanian asexual romcom that raises ‘a lot of questions’
Marija Kavtaradze’s new film is a love story with a truly radical approach to intimacy. She reveals how she made a will they/won’t they tale that strays into little-known territory. They meet cute in a dance rehearsal studio. She’s a contemporary ...The Guardian - World -
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Linklaters raises junior lawyer pay to £150,000
‘Magic circle’ firm matches Freshfields’ recent move as talent war heats upFinancial Times - Business -
Haley protest votes raise red flags for Trump
The tens of thousands of primary votes cast in favor of Nikki Haley over the last several months are underscoring the apparent discontent many Republicans feel with former President Trump as their presumptive nominee, raising alarm for his ...The Hill - Politics - Donald Trump -
Mexico eyes tax squeeze on banks to raise revenue
New government will need to plug hole in public financesFinancial Times - World - Mexico -
Ex-Employees Raise Concerns About Safety at OpenAI
Former employees of the ChatGPT maker raised concerns that it isn’t doing enough to make sure its products don’t pose a threat to humanity.The New York Times - Business -
Italian taxi drivers’ strike raises pressure on Meloni government
Action comes after government minister met delegation of executives from ride-hailing app UberFinancial Times - World -
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Suno raises $125M to become the ‘ChatGPT’ of music creation
Suno, a music AI startup, raises $125M to revolutionize the music industry with its generative AI platform that democratizes music creation, sparking both excitement and copyright concerns.VentureBeat - Tech -
The Indian film at Cannes made by half a million farmers
Manthan, a film produced by India's farmers, premieres at Cannes almost half a century after it was made.BBC News - Top stories -
Overseas Shipholding to Be Acquired by Saltchuk in $950 Million Deal
The deal has been unanimously approved by the boards of both companies and is expected to close in the next few months.The Wall Street Journal - World -
Calls to Pause Slovakia’s E.U. Election Campaigning Raise Questions
At least one party, the opposition Progress Slovakia, said it would suspend its campaign, in a move to help “end the spiral of attacks and blame.”The New York Times - Top stories -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - World -
Walmart’s shares hit record high as retailer raises its earnings forecast
Company continues to benefit from consumers seeking the best deals amid persistent inflationFinancial Times - World -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Republican Jewish Coalition commits to raising $5M for Trump reelection
A major Republican grassroots Jewish group is pledging to raise at least $5 million for former President Trump's reelection campaign, calling it the organization's "largest effort" to shore up Jewish support. The Republican Jewish Coalition (RJC) ...The Hill - Politics - Donald Trump -
Param Labs raises $7M to fund gaming ecosystem development
Param Labs announced it's raised $7 million in its latest funding round to fund its modular gaming ecosystem.VentureBeat - Tech -
GameSquare spins off creator-focused FaZe Media, raising $11M
GameSquare has spun off FaZe Clan’s creators and non-esports assets into FaZe Media and welcomed DraftKing’s Matt Kalish as an investor.VentureBeat - Tech -
Chubb raises dividend 5.8% after Berkshire-related stock boost
Chubb on Thursday raised its dividend 5.8%, which the company said marked its 31st consecutive hike.MarketWatch - Business -
Walmart Posts Sales Growth, Raises Earnings Outlook for the Year
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.The Wall Street Journal - Business -
Deadly Clashes in New Caledonia Raise Fears of Civil War
France has sent troops to quell violence in New Caledonia, where Paris is seen as backtracking on promises of self-determination.The New York Times - World -
CoreWeave Raises $7.5 Billion in Debt for AI Computing Push
The deal is one of the largest-ever private debt financings.The Wall Street Journal - Tech -
Nickel price surges as New Caledonia riots raise concerns over supply
Industrial metal critical in electric vehicle batteries climbs almost 7%Financial Times - Business -
Future Forward super PAC raises eyebrows in Biden World
Allies to President Biden are concerned that Future Forward — the preferred super PAC backing the president's reelection bid — isn’t doing enough in the late spring and summer months to help build a narrative boosting the president and his ...The Hill - Politics - Joe Biden -
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An ultimatum raises pressure on Netanyahu to make postwar plans for Gaza
Pressure is coming from his own War Cabinet and his country’s closest ally.ABC News - World -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
Auditors failed to raise alarm before 75% of UK corporate collapses
Three in four audit reports did not provide alerts that companies risked going bankrupt, think-tank findsFinancial Times - Business - United Kingdom -
Deutsche Bank raises S&P 500 price target to 5,500
Equity analysts at Deutsche Bank have raised their 2024 S&P 500 target to 5,500, joining a host of other Wall Street strategists who have expressed greater optimism as stocks have come roaring back from last month’s selloff.MarketWatch - Business -
Biden campaign raises $51M in April, has $192M on hand
President Biden’s campaign raised $51 million in April and has $192 million on hand as it enters June, the campaign announced Monday. The $51 million haul falls short of the Trump campaign's $76 million fundraising total for the month of April. ...The Hill - Politics - Joe Biden -
Trump’s Reported Fund-Raising Tops Biden’s for First Time
The pace of giving to Donald Trump’s campaign and the Republican Party picked up in April, according to his advisers. But President Biden still has far more cash on hand.The New York Times - Top stories - Joe Biden -
The U.S. Raised Tariffs on China. Now It Wants Europe's Support.
Washington is trying to wrangle its European allies into a united front against a surge in Chinese exports.The Wall Street Journal - World -
5 Takeaways From the Spring Art Auctions: $20 Million Is the New $50 Million
Results from a week of sales tell a story of a masterpiece market come down to earth, the cooling of young art stars — and a hack that seemed to end on Sunday.The New York Times - Top stories -
Apple agrees to $35 million settlement with some iPhone 7 users
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.CBS News - Top stories - Apple -
Water company boss defends multi-million pay packet
The water firm made 60,000 sewage spills last year but insists river quality is improving.BBC News - Top stories -
As GTA 6 Approaches, GTA 5 Passes 200 Million Copies Sold
As part of Take-Two's latest earnings briefing, the company announced new sales figures for Grand Theft Auto V and Red Dead Redemption II, and both are juggernauts.. GTA V has now sold more than 200 million copies, which is up from 195 million in ...GameSpot - Tech -