Startups Cut - QuikReader

Rahm misses cut, McIlroy struggles in Dubai

Jon Rahm and Viktor Hovland missed the cut and Rory McIlroy was forced to battle to make the weekend as the headline acts struggled at the Dubai Desert Classic.

ESPN - 1h

Mira Murati’s AI Startup Makes First Hires, Including Former OpenAI Executive

It’s a major get for Murati’s mysterious startup, which has also poached engineers and researchers from a number of other prominent AI firms.

Wired - 16h

What Did Trump’s Tax Cuts Do?

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

The New York Times - 6h

Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.

CNBC - 22h

Brooklyn trio raises $10 million for startup that wants to help open-source developers get paid

Out of the old Domino Sugar Refinery in Brooklyn, a trio of techies has raised $10 million for Merit Systems to focus on fixing an open-source problem.

CNBC - 23h

BP axes 4,700 jobs in cost-cutting drive

UK energy major under pressure from shareholders to turn around its performance

Financial Times - 1d

BP to cut 4,700 jobs to reduce costs

The job losses at the oil giant will affect more than 5% of its global workforce.

BBC News - 1d

U.S.-China Rivalry Could Boost Space Startup Funding

After commercial space startups pulled in $8.6 billion in 2024, more venture capital firms are likely to make investments in new companies as Sino-Amercian tensions go orbital.

Inc. - 1d

Inflation Rose in December, Putting Rate Cuts Into Question

The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.

Inc. - 2d

Missile Attack Prompts Emergency Power Cuts in Ukraine

President Volodymyr Zelensky of Ukraine said air defenses had shot down at least 30 missiles from a “massive” barrage that had targeted gas and energy facilities.

The New York Times - 2d

Lloyds to cut 500 jobs and close two offices

UK bank to review more than 1,500 jobs across multiple departments

Financial Times - 2d

Payroll Startup Deel Accused of Charges Related to Money Laundering

The startup, recently valued at $12 billion, says it hasn’t broken any laws.

Inc. - 3d

Cutting aeroplane contrails is an easy climate win

Tackling these emissions should be simple, fast and cost-effective

Financial Times - 4d

Why $10 Million Is the Hardest Number for Startups to Hit

It’s a wonderful mirage, but it rarely works, so why do we keep falling for it?

Inc. - 4d

This 36-year-old sci-fi 'nerd' quit his banking job to start a deep space startup that has raised $24 million

"It was in banking that I finally realized why the internet sucked," says Rohit Jha, co-founder and CEO of Transcelestial.

CNBC - 4d

A startup city in Kenya tries to tackle Africa's problem of urbanizing while poor

Tatu City outside Kenya's capital is a startup city, privately owned and with aspirations of eventually having a population of 250,000

ABC News - 5d

U.S. Companies Cut Diversity Efforts as Challenges Mount

At least six major U.S. companies modified their DEI policies last year.

Inc. - 6d

Trump's tax-cut obstacle course

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...

The Hill - 6d

Meta cutting DEI team, programs in broad shift

Meta told employees Friday it will cut its diversity, equity and inclusion (DEI) team and roll back several related programs, marking another major shift in policy for the leading social media ...

The Hill - 6d

High cost of weight loss drugs drives employers to require nutrition counseling, in boost for startups

Startup Virta Health saw 60% revenue growth last year, topping $100 million, driven by demand for its employer weight loss management program.

CNBC - 6d

How Delivery Startup DroneUp May Survive the Loss of Walmart’s Business

After the retailing giant consolidates its aerial deliveries with two bigger specialists, DroneUp will need to pivot to working with smaller, local customers.

Inc. - Jan. 10

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

The New York Times - Jan. 10

Cutting out alcohol for "Dry January"

Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.

CBS News - Jan. 9

With TikTok’s Future Uncertain, Livestream Shopping Startups Are Making Moves

How TikTok Shop’s rivals are preparing to swoop up the e-commerce giant’s market share.

Inc. - Jan. 9

Rate-Cut Decision Was Narrow, Fed Minutes Show

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

The New York Times - Jan. 8

AI Startup Anthropic Plans to Raise $2 Billion at a $60 Billion Valuation

The new funding round, led by Lightspeed Venture Partners, sees the company at more than triple its 2024 valuation of $18 million.

Inc. - Jan. 8

Bench’s Jilted Customers Say the Accounting Startup’s Problems Began Long Before Its Abrupt Shutdown

The tax startup’s recent collapse and subsequent acquisition by Employer.com has left customers unsure about where to turn.

Inc. - Jan. 8

AI Startup Anthropic Raising Funds Valuing It at $60 Billion

The Amazon-backed OpenAI rival was valued at $18 billion last year.

The Wall Street Journal - Jan. 7

How a Silicon Valley financial backer orchestrated a plot to take down a rising startup

Financial backer Denis Grosz thought he was going to generate big returns from his bet on a company called Toptal, until he got sued for his actions.

CNBC - Jan. 7

Washington Post cutting 4 percent of workforce

The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...

The Hill - Jan. 7

Toyota is 'exploring rockets' with nearly $45 million investment in Japanese launch startup, chairman says

Toyota Motor is exploring the development and production of orbital rockets, Chair CEO Akio Toyoda said Monday.

CNBC - Jan. 7

British AI startup with government ties is developing tech for military drones

Exclusive: Concerns raised over role of Faculty AI, which has worked with NHS and government safety body. A company that has worked closely with the UK government on artificial intelligence safety, ...

The Guardian - Jan. 7