People queue outside a vaccination center in Sydney on June 24, 2021, as residents were largely banned from leaving the city to stop a growing outbreak of the highly contagious Delta Covid-19 variant spreading to other regions. SAEED KHAN | AFP | Getty Images The “delta variant” has come to […]
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Andreessen Horowitz launches $2.2 billion crypto fund and is ‘radically optimistic’ despite price fluctuations
Andreessen Horowitz partner Marc Andreessen Justin Sullivan | Getty Images Andreessen Horowitz is launching a multibillion-dollar fund to invest in a volatile ecosystem it’s betting will be as influential as the internet. The Silicon Valley venture capital firm, founded by Marc Andreessen and Ben Horowitz, announced its new $2.2 billion […]
Why the crash of crypto token titan that burned Mark Cuban may not foretell a bitcoin plunge
Getty Images When a cryptocurency token called titan dropped from more than $60 to several thousandths of a cent in the space of a few hours earlier this month, even traders with the thickest of skins were a bit alarmed. While rapid price appreciation and equally swift sell-offs are increasingly […]
Dow futures jump 190 points, S&P 500 poised to retake record
Stock futures jumped on Thursday with the S&P 500 poised to surpass its record high set a week ago. Futures on the Dow Jones Industrial Average added 191 points, or 0.6%, on Thursday. The move implied an open about 200 points higher. S&P 500 futures added 0.5% and Nasdaq 100 […]
Dow futures jump 170 points, S&P 500 poised to retake record
Stock futures jumped on Thursday with the S&P 500 poised to surpass its record high set a week ago. Futures on the Dow Jones Industrial Average added 176 points, or 0.5%, on Thursday. S&P 500 futures added 0.5% and Nasdaq 100 futures gained 0.6%. A broad group of stocks were […]
Elon Musk says Starlink will go public when its cash flow is more predictable
SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Tesla and SpaceX CEO Elon Musk said he will only publicly list satellite broadband service Starlink when its cash flow is more predictable. Starlink, […]
Hong Kong journalists blame Apple Daily’s closure on ‘continuous government oppression’
A man holds the last print edition of Hong Kong pro-democracy newspaper Apple Daily from his car. Dominic Chiu | SOPA Images | LightRocket via Getty Images When asked about Apple Daily’s alleged offenses, Hong Kong’s Secretary for Security John Lee said last week that “we are talking about a […]
Visa to buy Swedish fintech Tink for $2.1 billion after abandoning Plaid takeover
Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images LONDON — Visa agreed Thursday to acquire Swedish financial technology start-up Tink for 1.8 billion euros ($2.1 billion), in a deal aimed at […]
China plans to send its first crewed mission to Mars in 2033 and build a base there
A Long March-7 Y3 carrier rocket carrying the Tianzhou-2 cargo spacecraft blasts off from the Wenchang Spacecraft Launch Site on May 29, 2021 in Wenchang, Hainan Province of China. Yuan Chen | VCG | Getty Images GUANGZHOU, China — China plans to send its first crewed mission to Mars in […]
Credit Suisse predicts global growth of 5.9% for 2021, says stocks to outperform other asset classes
A Thai investor checks an electronic board showing stock prices at Asia Plus Securities amid Coronavirus threats in Bangkok. Amphol Thongmueangluang | SOPA Images | LightRocket via Getty Images Swiss investment bank Credit Suisse expects global growth to accelerate in the coming months as countries gradually reopen their economies, leading […]