Tech selling meets private startups

Tech startups are declining in value in private trade, reflecting Extensive write-offs of their publicly listed brethren over the past year. Before companies go public, their shares are often traded by employees, founders, and organizations in secondary deals. The deals allow existing owners to cash out before the startup goes public, and buyers to make … Read more

The Twitter Exodus hits teams charged with organizational and content issues globally

Elon Musk A step to purify Twitter Inc. employees. who do not see itThe n has led to a wave of departures among policy and safety issue officers around the world, prompting questions from regulators in key jurisdictions about the site’s ongoing compliance efforts. departure of employeesIn recent days, it has included dozens of people … Read more

OPEC+ is looking to increase production ahead of restrictions on Russian oil

Group delegates said Saudi Arabia and other OPEC oil producers are discussing increasing production, in a move that could help heal the rift with the Biden administration and keep energy flowing amid new attempts to undermine Russia’s oil industry over the war in Ukraine. Delegates said increasing production by up to 500,000 barrels per day … Read more

Women’s tennis stood up for Peng Shuai – and delivered a financial hit that didn’t pan out

Two scenes in the past three months have captured the possibilities and pitfalls facing the WTA. Serena Williams’ surprising arrival in the third round of the US Open in September – then In a sign that she was preparing to leave tennis– Show women’s tennis star power. The broadcast was the highest-grossing singles tennis match … Read more

How to live as an entrepreneur

font size In moving forward as an entrepreneur, you will discover that all the skills you master in between working hours will be useful in your personal life, too, writes Noam Wasserman. Dream time About the author: Noam Wasserman He is the Dean of the SA Sims School of Business at Yeshiva University and a … Read more

Janet Yellen says some of Russia’s sanctions could extend beyond the end of the Ukraine war

Nusa Dua, Indonesia – US Treasury Secretary Janet Yellen said some sanctions on Russia could remain in place even after any final peace deal with Ukraine, raising the prospect of a long-term US effort to squeeze the Russian economy. Ms. Yellen said any final peace deal would include a review of the sanctions that the … Read more

FTX customers have a long way to go trying to get their money back

Stephen Gibbs freaked out this week when he heard about it fermentation problems at FTX and decided it was time to withdraw his funds from the cryptocurrency exchange. Mr Gibbs, a musician in Thailand, said he tried to withdraw his money on Tuesday. But on that day FTX stopped withdrawing crypto and fiat currencies from … Read more

Rivian losses are increasing as they continue to burn money

The Irvine, California-based company said it was delaying the launch of a more affordable model, dubbed the R2, until 2026. Rivian CEO RJ Scaringe said the date change was to ensure there was enough time to prepare for production at the new plant. Rivian’s third-quarter revenue was approximately $536 million, reflecting continued production increases at … Read more

The end of a pandemic earnings boom looms as holiday expectations disappoint

The seemingly sustained large corporate earnings growth during the COVID-19 pandemic appears to be coming to an end this holiday season, as the post-lockdown rebound belies price hikes, recession fears and tough year-over-year comparisons. S&P 500 SPX Index, + 1.36% It is now expected to post a year-over-year profit decline in the fourth quarter, after … Read more

PGA Tour accuses Saudi philanthropists of LIV Golf of claiming immunity from US courts

Funding for LIV Golf from Saudi Arabia’s sovereign wealth fund has been looming large on the fledgling golf circuit since its inception, and above all in its battles with the PGA Tour. Now, the PGA Tour has accused LIV of trying to evade discovery in their high-profile court battle by claiming that no US court … Read more