Silicon Valley Industries
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In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Tech -
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Tech -
Silicon Valley’s General Catalyst closes in on $6bn fund for tech start-ups
Venture capital firm’s success underlines divergence between big names and smaller groups as fundraising slows more broadlyFinancial Times - Business -
Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas
Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.CNBC - Business -
WATCH: Tourists flock to see Death Valley in bloom
Gorgeous fields of wildflowers are taking over California with bright yellow daisies even popping up in Death Valley, the driest and hottest place in America.ABC News - Top stories -
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10 Best Lubes (2024): Water-Based, Silicone, and Lube Dispensers
For the most sensitive parts of the human body, friction is the enemy. Here’s how to keep it at bay.Wired - Tech -
Watch Rickie Fowler ace the third hole at Pine Valley
Fowler's hole-in-one was recorded while he was playing with Justin Thomas at the top-ranked club.Yahoo Sports - Sports -
STMicroelectronics slashes guidance over slump in automotive industry
The Swiss chipmaker reported an 18.4% drop in its first-quarter sales as it cut its guidance for the year.MarketWatch - Business -
An Industry Veteran Drew on Family History to Create a Brand
Neil Duckworth designs watches that have a distinctly vintage feel at a price “I would spend myself.”The New York Times - Lifestyle -
Man dies after parachute incident at industrial estate
Durham Police say they are treating the incident as unexpected and enquiries are ongoing.BBC News - Top stories -
First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
Transportation stocks sink, with industry ETF booking biggest drop since October
Transportation stocks were punished Wednesday, with sharp drops weighing on an exchange-traded fund whose top holdings include airlines, railroads and a trucking company.MarketWatch - Business -
Legislation banning TikTok is coming this week. How will it affect the music industry?
While the legislation would have profound impacts across the tech, political, entertainment, media and marketing worlds, music may be hit especially hard.Los Angeles Times - Entertainment - Tiktok -
McKinsey faces US criminal investigation over opioid industry work
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemicFinancial Times - Business -
McKinsey faces US criminal investigation over opioid industry work
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemicFinancial Times - Business -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
As ketamine therapy booms, industry insiders worry about patient safety
Ketamine has become a popular alternative treatment for depression and other mental-health ailments — but doctors and regulators are increasingly concerned about its risks.MarketWatch - Business -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - Business -
Why is Oracle moving to Nashville? Because this one industry is thriving there.
The town known as Music City is striking a chord as a tech hub, and Oracle Corp. is about to join the chorus.MarketWatch - Business -
US has seen evidence of attempts by China to influence election, says Blinken
Secretary of state met Xi Jinping in Beijing and warned of sanctions over China’s support for Russian arms industry. Washington has seen evidence of attempts by Beijing to “influence and arguably interfere” in this year’s US elections, the ...The Guardian - World - China -
Cannabis banking measure to be left out of FAA bill, industry exec says
Dutchie’s Bryan Barash said he’s disappointed that the SAFER Banking Act won’t be included in FAA funding bill.MarketWatch - Business -
Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant
Intel has missed most of the significant technology transitions over the past 15-plus years, losing its standing in the chip industry along the way.CNBC - Business -
Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant.
Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings.NBC News - Top stories -
Facility seen polluting part of anti-pollution program promoted by plastics industry
A plastics facility accused of polluting a Malaysian river is tied to Operation Clean Sweep, an anti-pollution program promoted by the U.S. plastics industry.ABC News - Top stories -
Why the AI Industry's Thirst for New Data Centers Can't Be Satisfied
The lead time to get custom cooling systems is five times longer than a few years ago, and delivery times for backup generators have gone from as little as a month to as long as two years.The Wall Street Journal - Tech -
Legislation banning TikTok is coming this week. How will it affect the music industry?
While the legislation would have profound impacts across the tech, political, entertainment, media and marketing worlds, music may be hit especially hard.Los Angeles Times - Entertainment - Tiktok -
Ukraine Aid Lifts Defense Industry as Debate Over Profits Reignites
A long-delayed $95 billion package supports shells, missiles and drones for three countries, boosting defense companies, as scrutiny grows on share buybacks.The Wall Street Journal - World - Ukraine -
What do weight loss drugs mean for a diet industry built on eating less and exercising more?
New weight loss drugs are reshaping a dieting industry built on eating less and exercising moreABC News - Health -
Cost of developing new drugs may be far lower than industry claims, trial reveals
Exclusive: MSF calls for transparency after its bill for a trial of TB treatment came to a fraction of the billions claimed by pharmaceutical companies. Doctors have for the first time released details of their spending on a major clinical trial, ...The Guardian - World -
Exclusive: Visa’s CIO shares insights on generative AI’s transformative potential in payments industry
Visa's CIO Don Hobson shares his vision for how generative AI will revolutionize the global payments landscape, from enhanced fraud detection to greater financial inclusion.VentureBeat - Tech -
Finding bird flu in dairy cows means ‘turbulent times ahead’ for livestock industry
News that the U.S. government detected the bird flu virus in milk samples from sick cows in a number of states caught the attention of traders in dairy and livestock markets this week, and may eventually present a dilemma for consumers.MarketWatch - Business -
Realtors spend record $14.7 million on first-quarter lobbying as shakeup hits the real-estate industry
The National Association of Realtors scaled up its Washington lobbying effort in this year’s first quarter, according to disclosures.MarketWatch - Business -
What do weight loss drugs mean for a diet industry built on eating less and exercising more?
New weight loss drugs are reshaping a dieting industry built on eating less and exercising moreABC News - Health -
Exclusive: Visa’s CIO shares insights on generative AI’s transformative potential in payments industry
Visa's CIO Don Hobson shares his vision for how generative AI will revolutionize the global payments landscape, from enhanced fraud detection to greater financial inclusion.VentureBeat - Tech -
Secretary of State Blinken warned Chinese leader Xi that the U.S. was prepared to act if Beijing didn't cut back on its support for Russia's defense industry.
Secretary of State Blinken warned Chinese leader Xi that the U.S. was prepared to act if Beijing didn’t cut back on its support for Russia’s defense industry.The Wall Street Journal - World - China -
BHP has offered to buy Anglo American, a long-time rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry.
BHP has offered to buy Anglo American, a long-time rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry.The Wall Street Journal - World