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.....»»
Great news for 4K Blu-ray fans – 2 big stores will now stock discs
4K UHD, Blu-rays, and DVDs will soon be sold at GameStop and Fred Meyer grocers thanks to a new deal with Studio Distribution Services......»»
Nissan has a new plan to spur sales — and it wants retailers to fund it
With a nearly triple-digit days' supply, Nissan is allowing dealers to advertise 2024 model year vehicles below invoice......»»
Another smart home company fails, underlines importance of HomeKit or Matter compatibility
Smart home company Brilliant has announced that it has run out of money, after failing to raise more capital in an attempted funding round. While its smart home controllers and light switches continue to work for now, there’s no guarantee that.....»»
Forgepoint Capital boosts Nudge Security’s seed round
Nudge Security announced new funding from Forgepoint Capital, which joins Ballistic Ventures in bringing the fast-growing startup’s seed funding to $16.5 million. Forgepoint Co-Founder and Managing Director Alberto Yépez will join the Nudge Securi.....»»
Anti-Piracy Veteran Tim Kuik Retires After Leading BREIN for a Quarter Century
BREIN CEO Tim Kuik has retired, shutting down an impressive career that pre-dates the world wide web. Kuik started working at a home video distributor in the 1980s and became director anti-piracy at the Motion Picture Association a decade later. He.....»»
There’s an AI Lobbying Frenzy in Washington. Big Tech Is Dominating
Spending on lobbying to shape AI policy in Washington is soaring—and tech giants are leading the charge. The number of groups lobbying the U.S. federal government on artificial intelligence nearly tripled from 2022 to 2023, rocket.....»»
Jack Dorsey Leaves BlueSky Board and Calls X ‘Freedom Technology’
The Twitter founder’s moves suggest an apparent warming of relations between him and Elon Musk. Jack Dorsey has left the board of social networking service Bluesky, which he helped fund and popularize a year ago in the wake of reg.....»»
Volunteers rid one Australian river of its privet problem—and strengthen community along the way
Privet is a popular garden hedge. It grows quickly and responds well to being pruned. But in natural areas, privet is a problem......»»
Study explores whether psychological capital will help with work engagement in tough moments
A quarrel with a co-worker, task overload, a difficult relationship with the boss; each of us reacts slightly differently to problematic events in our professional lives. Such events often result in decreased work motivation and engagement......»»
GM-backed self-driving firm Momenta filing for U.S. stock offering, report says
Momenta is working with China International Capital Corp., Goldman Sachs and UBS Group on a potential listing that may happen as early as this year, Bloomberg reported. The IPO could raise $200 million to $300 million......»»
Ecobee is shutting down some of its very first products
Even after a commendable 16-year runtime, the company is offering discounts. Enlarge / The first Ecobee Thermostat, may it rest in peace. (credit: Ecobee) Ecobee is killing off some of its oldest thermostats. The "Ecobee.....»»
Tech supplier Aptiv lowers sales forecast, reduces equity interest in JV with Hyundai
Under the agreement with Hyundai Motor Co., Aptiv will not be required to fund the joint venture in the future, while Hyundai will provide additional funding......»»
Great white sharks off South Africa"s coast are protected by law, but not in practice—this needs to change
In less than eight years, white sharks in South Africa have all but disappeared from their historical hotspots in False Bay and Gansbaai, on the Western Cape coast. These areas were once known as the "white shark capital of the world" and were home t.....»»
Nepal battles raging wildfires across the country
Firefighters and local residents battled a massive wildfire on the outskirts of Nepal's capital Thursday as the Himalayan republic endures a severe fire season authorities have blamed on a heat wave......»»
Repair shop owner aims to start social impact movement in auto industry
In 2020, Dan Adam created a nonprofit group called Stranded Motorist Fund, which helps customers who can't afford expensive vehicle repairs......»»
Kenya"s devastating floods expose decades of poor urban planning and bad land management
Floods in Kenya killed at least 169 people between March and April 2024. The most catastrophic of these deaths occurred after a flash flood swept through a rural village killing 42 people. Death and destruction have also occurred in the capital, Nair.....»»
The giant sheep helping Tajikistan weather climate change
In the hills outside the Tajik capital Dushanbe, shepherd Bakhtior Sharipov was watching over his flock of giant Hissar sheep......»»
Impact investing in Paris suburban "banlieue" neighborhoods: Untapped social and economic potential
From July to August, Paris will host the 2024 Olympic games. However, once the athletes and spectators have packed up and left, the Games will leave behind a lasting social impact on the run-down neighborhoods on the outskirts of the French capital......»»
VinFast founder commits $1 billion as EV maker bleeds cash
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker......»»
BforeAI raises $15 million to stop attacks before they occur
BforeAI has secured $15 million in Series A funding led by SYN Ventures, with renewed participation from early investors Karma Ventures, Karista, Addendum Capital, and a new investment from the Partnership Fund for New York City. BforeAI autonomously.....»»