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Voter discontent with President Donald Trump’s economic stewardship is sinking his popularity as he approaches the symbolic 100-day mark of his second term, ratcheting up pressure on congressional Republicans to pass his tax plan. A flurry of polls in recent days from NBC, CNN, New York Times/Siena, ABC News and Fox News, among others, each … Read more
Elon Musk’s xAI Holdings is in talks to raise $20 billion in fresh funding, potentially valuing the AI and social media combo at over $120 billion, according to a new Bloomberg report that says talks are in the “early stages.” If successful, the deal would constitute the the second-largest startup funding round ever, behind only … Read more
When Amazon CEO Andy Jassy was asked about the impact of President Trump’s new sky-high tariffs recently in an interview on CNBC, he posited that the e-commerce giant’s vast network of sellers would try to “pass that cost on” to customers and said he would understand if they did so. But when some brands and … Read more
The US dollar index crashed to its lowest level since April 2022 as the trade war between China and the US escalated and jitters in the bond market continued. The DXY index, which tracks the greenback against a basket of developed-world currencies like the euro, sterling, and Japanese yen, dropped to $99—down 10% from its … Read more
Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7. Founded in 2018, the fintech company had raised a total of nearly $81 million in funding from investors such as FTV Capital and Headline. … Read more
UFC star Conor McGregor’s crypto debut fell flat as his REAL memecoin raised only 31% of the targeted minimum presale amount before being called off. The overly hyped memecoin raised just $392,000 in a 28-hour presale, falling 61% short of its $1 million minimum target. As a result, the project has been paused, and all … Read more
Ballistic Ventures, the VC firm co-founded by Ted Schlein (known for his years at Kleiner Perkins), is raising $100 million for a new fund, TechCrunch has learned through a regulatory filing. This week, the San Francisco-based VC firm filed with the U.S. Securities and Exchange Commission to raise the new fund, just over a year after … Read more
Doug McMillon was just 17 years old when he started working in Walmart’s warehouses in the summer of 1984. Since then, he’s scaled the retail giant’s ranks from unloading trailers for $6.50 an hour to becoming the company’s youngest CEO since its founder Sam Walton—with a $27 million salary to show for it. In the … Read more
Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science … Read more
Tesla is making big bets on AI, but investors might have a reason to question where the money is going. If left unexplained, a $1.4 billion discrepancy between the firm’s capital expenditures and the valuation of the assets that cash was spent on, first reported by the Financial Times, could spark concerns about internal controls … Read more
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4