Live Article Feed

DOJ Pursuing Lawsuit Against JetBlue & American Airlines

The Department of Justice (DOJ) recently announced that it is suing two of the major airlines yesterday, stating that the companies in question have created an “alliance” that allowed them to raise prices and create less choices for air passengers traveling to and from locations in certain regions of the United States, specifically the Northeast. The two airlines in question, JetBlue and American Airlines, had created the “Northeast Alliance” that operates out of four major airports in Northeastern United States just last year

Continue reading →

SpaceX Brings Flight Crew Home Safely

SpaceX broke boundaries Saturday evening as the all civilian crew of astronauts launched into Earth's atmosphere on Wednesday returned safely and landed off the east coast of Florida. The crew consisted of billionaire entrepreneur Jared Isaacman, as well as Hayley Arceneaux, a physician assistant; geoscientist Dr. Sian Proctor; and Chris Sembroski, an aerospace data engineer

Continue reading →

OVHcloud Plans $4.7 Billion IPO

European cloud-service provider OVHcloud is shopping to launch an initial public offering which could value the company at $4.7 billion. The company, which is based in France, offers storage, computing, and networking services to companies within North America, Europe, Singapore and Australia

Continue reading →

DrunkDash

DoorDash is starting a dedicated alcohol delivery service, pushing full speed into into non-food categories as the battle for on-demand delivery heats up with Uber and Instacart

Continue reading →

Twitter Settles Lawsuit for $809 Million

Twitter has agreed to settle a class-action lawsuit that began in 2016 by paying $809.5 million. The social media company was accused of misleading investors about the platform's engagement rates in 2015, this included Twitter's monthly active users as well as how frequently users interacted with the platform

Continue reading →

SEC Punts Coinbase's Lending Ambitions

Coinbase has caved to pressure from the SEC and tabled it’s plans to launch a product that would pay Coinbase users’ interest for lending out their tokens.The decision to shelve its Lending product, which the company announced quietly in a blog post on Friday, comes after the Securities and Exchange Commission threatened to sue if it moved ahead

Continue reading →

Cruelty for Profit: Facebook’s Internal Research Leak Bombshell

Journalism is far from dead. Recently the Wall Street Journal started a deep dive into Facebook’s internal research and company documents on policy to uncover how the company really runs its platforms. We’ve done you the favor of wading through everything they uncovered and extracting the largest discoveries of the investigation, but first, let’s begin with a short monologue to add some historical context about how this war over the human mind began

Continue reading →

SpaceX Launching First All Civilian Space Mission

Elon Musk’s SpaceX intends to one-up Jeff Bezos and Blue Origin by launching four civilians into orbit for several days and then returning them to Earth. The mission, which is known as the Inspiration4 flight, will use a Falcon 9 rocket and could launch as early as Wednesday. This mission would be the first to take only commercial astronauts or those who are not backed by the government, into orbit

Continue reading →

Forge SPAC Deal with Motive Capital Valued at $2 Billion

Trading in private shares has grown in popularity recently as companies have held off on initial public offerings and in turn, has allowed early investors to get a significant footing within promising tech startups

Continue reading →

SALT Deductions Quietly Coming Back?

House Dems are set to propose significant changes in the $10,000 limit for the federal deduction for state and local taxes, after the Ways and Means Committee didn’t address the tax break in a package of proposals released Monday

Continue reading →

WSB $GME Gang Targets Uranium

Online trading communities are at it again as the notable Reddit group WallStreetBets has had numerous users present favorable arguments for the rise of uranium resulting in rising stock prices for mining companies around the world

Continue reading →

Facebook's "Whitelisted"

Something that was always long assumed, and that is now confirmed, not all Facebook users are equal. Facebook has privately built a list of elite users that are largely completely exempt from the same censorship and controls protocols it places on its average everyday users

Continue reading →

Trial Set for Theranos Founder

Elizabeth Holmes, the founder of the now-defunct blood-testing startup Theranos, is set to go on trial today in a federal court, where prosecutors are set to reveal the evidence for fraud charges against the former rising star

Continue reading →

Toyota Moving into EVs, Finally

Toyota Motors has received some recent criticisms for being reluctant to release a plan for the upcoming electric vehicle shift in order to meet carbon emission requirements. The company responded by announcing it will be investing $13.6 billion into battery development and manufacturing over the course of the next decade

Continue reading →

As El Salvador Adopts Bitcoin as National Currency Bitcoin Tanks

The Central American country of El Salvador made a tremendous change to its economy on Tuesday as it has become the first country in the world to accept Bitcoin as a legal tender. This means that citizens of El Salvador can use Bitcoin to purchase just about any commodity that would otherwise require a U.S. dollar after the nation adopted the U.S. dollar as its national currency in 2001

Continue reading →

Defense Contractors Fund Space Refueling Start-Up

Aerospace technology continues to be the hot topic of the private sector as Northrop Grumman and Lockheed Martin invested in the San Francisco-based startup Orbit Fab

Continue reading →

Hyundai's Hydrogen Play

Hyundai Motor Group is calling hydrogen as a top energy solution for sustainability. With the launch of its new fuel cell system that it plans to launch within the next few years, the car manufacturer said it will provide hydrogen fuel cell varients for all its commercial vehicles by 2028

Continue reading →

The Demise of DiDi

The take no prisoners approach that brought so many American tech start-ups to be multi-billion-dollar cash cows, apparently does not work in China, well not for long. Companies like Uber, Lyft, Airbnb, Bird, and Lime all rushed into markets with all the force of a panzer division seeking to grab as much market share as possible breaking plenty of rules in the process. DiDi, China’s leading ride-hailing giant mimicked the same model and now it’s paying the price

Continue reading →

The Feds Are Sniffing Around the EV Space…And They Should Be

The Securities and Exchange Commission has opened an investigation into electric delivery-truck maker Ohio-based Workhorse Group, a company that was an early investor in plagued EV startup Lordstown Motors

Continue reading →

TSMC Price Hike

It may seem that the global chip shortage is coming to a close as companies across the world have begun manufacturing at somewhat normal speeds as well as the United States expanding its manufacturing capabilities. However, as chip manufacturers return to normal, companies like Taiwan Semiconductor Manufacturing Co. have decided to increase prices on nearly all of their semiconductors

Continue reading →

Hurricane Ida Hits Gas Prices Nationwide

Hurricane Ida struck the gulf coast and Louisiana this Sunday leaving at least one dead and causing significant damage in the region. The hurricane, which is category 4, has left over one million residents without power and is expected to have more long-lasting effects across the country

Continue reading →

Whoop Scores $3.6 Billion Valuation

Whoop, which creates a fitness tracker that is favored by professional athletes, reached a $3.6bn valuation following an investment from the usual suspects, SoftBank, signalling a willingness from investors to challenge tech giants in the health monitoring business

Continue reading →

Brex Leverage

While several lenders have historically offered loan services to start-ups, Brex is looking to take advantage of the increase in venture debt financing with a $150 million fund. The newly launched Brex Venture Debt will look to compete with the likes of Silicon Valley Bank, Amex, and BofA to offer early-stage venture-backed businesses an alternative financing option. Brex is aiming to be a one-stop for start-up credit financing

Continue reading →

Baxter Buying Hill-Rom for $9 Billion

There is another expected merger within the medical industry as Baxter International is in talks with Hill-Rom Holdings to purchase the company for $9 billion

Continue reading →

China’s Silent Tech Crackdown

China is exerting more subtle methods to tighten its grip on the country’s growing technology sector. The government has taken an ownership stake of at least 1% in a subsidiary that controls the domestic Chinese social media and information platforms of ByteDance, the Beijing-based company that owns TikTok. The arrangement has also given the Chinese government three seats on the board of ByteDance

Continue reading →