Melvin Capital, Hedge Fund Torpedoed By the GameStop Frenzy, is Shutting Down
Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent to investors on Wednesday that was reviewed by The New York Times.....»»
Indian capital records highest temperature of 49.9 Celsius
Temperatures in India's capital have soared to a record-high 49.9 degrees Celsius (121.8 degrees Fahrenheit) as authorities warn of water shortages in the sprawling mega-city......»»
Transcend raises $40 million to address data privacy issues
Transcend raised $40 million in Series B funding led by new investor StepStone Group, with participation from HighlandX and existing investors Accel, Index Ventures, 01 Advisors (01A), Script Capital, and South Park Commons. This brings the total rai.....»»
Philippines deploys river rangers in battle against plastic
Using a long-handled net, Ronnel Narvas scoops up discarded plastic soft drink bottles, shopping bags and palm-sized sachets as he wades through a foul-smelling tributary in the Philippine capital Manila......»»
After nearly three decades, ICQ will be shutting down
ICQ, one of the popular instant messengers from the 90s, has announced that it will be officially shutting down next month. The post After nearly three decades, ICQ will be shutting down appeared first on Phandroid. If you were young/old e.....»»
Armenians throng center of the capital to demand the prime minister"s resignation
Armenians throng center of the capital to demand the prime minister"s resignation.....»»
Walmart ends credit card partnership with Capital One, but shoppers can still use their cards
Walmart ends credit card partnership with Capital One, but shoppers can still use their cards.....»»
GameStop surges after fetching $933 million from stock sale
GameStop surges after fetching $933 million from stock sale.....»»
Aces Bar and Grill Shooting: One dead, one arrested for alleged capital murder
Aces Bar and Grill Shooting: One dead, one arrested for alleged capital murder.....»»
Saturday Citations: The cheapness horizon of electric batteries; the battle-worthiness of ancient armor; scared animals
Sometimes, science requires traveling into hazardous environments; sometimes it requires a vast influx of state capital and an army of researchers and technicians. But sometimes, science has to call in the Marines. We reported on that this week, alon.....»»
Proposed Plastics Law Could Slash Wasteful Packaging
A law proposed in New York State seeks to reduce plastic packaging, ban certain plastic chemicals and mandate that producers of packaged consumer goods fund the recycling or disposal of what they sell.....»»
Researchers: A rush on critical minerals is coming for Australia"s most remote and disadvantaged communities
The Australian mining industry was promised billions of dollars in last week's federal budget to boost critical minerals such as lithium, copper and rare earth metals. This includes tax incentives, an innovation fund and money for Geoscience Australi.....»»
SOCRadar raises $25.2 million to accelerate investments in key areas
SOCRadar announced the successful completion of its Series B funding round, raising $25.2 million. The round was led by PeakSpan Capital, with participation from Oxx, reflecting investor confidence in SOCRadar’s innovative approach to cybersecu.....»»
EmTech Digital 2024: A thoughtful look at AI’s pros and cons with minimal hype
At MIT conference, experts explore AI's potential for "human flourishing" and the need for regulation. Enlarge / Nathan Benaich of Air Street Capital delivers the opening presentation on the state of AI at EmTech Digital 2024 on.....»»
India shuts schools as temperatures soar
Indian authorities in the capital have ordered schools shut early for the summer holiday, after temperatures hit 47.4 degrees Celsius (117 degrees Fahrenheit) with Delhi gripped by a "severe heat wave"......»»
Why banks consider renewable energy to be a riskier investment than fossil fuels
The financial sector is among the world's most heavily regulated industries—and for good reason. Financial rules, which force banks to hold capital in reserve when making riskier investments, are designed to prevent financial crises. Other financia.....»»
Comparative research on resilience-related policies and local practices in five cities worldwide
In the context of urban studies and urban planning, future cities' development and prosperity is highly related to their capacity to adapt and recover from shocks and changes caused by diverse types of hazards. Hence, resilience has emerged as a fund.....»»
CallRevu buys TotalCX, aims to dominate dealership calling tech
Private equity firm Serent Capital wants to grow CallRevu into a major player for retail automotive industry call monitoring analytics software......»»
One hedge fund completely bailed out of AAPL, but another more than picked up the slack
Prior to Apple stock's value recovery after a better than expected quarter, one hedge fund got rid of all of its holdings in the iPhone maker, and another went in big.Apple CEO Tim CookAccording to filings with the Securities and Exchange Commission.....»»
Google One VPN shutdown date revealed
Earlier this year, Google announced that they would be shutting down its Google One VPN service, and now we have a date. The post Google One VPN shutdown date revealed appeared first on Phandroid. One of the perks of subscribing to Google.....»»
Automakers hedge their bets with plug-in hybrids as EV sales slow
Originally regarded as stopgap solutions, hybrids are in it for the long haul. Enlarge (credit: Honda) Global carmakers are stepping up their investment in hybrid technologies as consumers’ growing wariness over fully.....»»