News

The market today has a lot of activation energy, even as the pandemic continues to play out. We’re seeing ample capital, a focus on distributed investing, more first-check investors than ever before, and, fittingly, a parade of new startups. That said, momentum has a way of overwhelming even the most ambitious. For founders at the […]

October 1, 2021 WASHINGTON (Reuters) – U.S. construction spending was unexpectedly flat in August as an increase in public sector projects was offset by weakness in the private sector. The Commerce Department said on Friday that the unchanged reading in construction spending followed a 0.3% gain in July. Construction spending increased 8.9% on a year-on-year […]

October 1, 2021 WASHINGTON (Reuters) – Global technology firm Foxconn and startup Lordstown Motors Corp said Friday they plan to pursue a U.S. Energy Department loan from a program to help pay for the costs of retooling a factory to build electric trucks. Foxconn agreed in principle to buy a Lordstown Motors Corp assembly plant […]

October 1, 2021 (Reuters) -General Motors Co on Friday reported a drop in U.S. auto sales for the first time in four quarters, hit by worsening semiconductor chip shortages and low inventories. Chip shortages and supply chain disruptions have crimped production at automakers worldwide, forcing them to cut production and in some cases, to produce […]

October 1, 2021 By Rod Nickel WINNIPEG, Manitoba (Reuters) -Canadian fashion designer Peter Nygard has consented to extradition to the United States, where he faces charges of sex trafficking and racketeering, lawyers for the prosecution and defence said at a hearing on Friday. Separately, the Toronto Police Service issued a statement saying it had an […]

October 1, 2021 (Reuters) – Premier League players who are fully vaccinated will be allowed to travel to countries on the UK’s red list during the international break and will be allowed to train or play when they quarantine on return, the BBC reported on Friday. Many clubs refused to release players to ‘red list’ […]

September 30, 2021 By Tina Bellon PALMER, Texas (Reuters) – Self-driving startup Aurora says it has discovered a path to turn costly self-driving vehicles into a profitable business, showcasing its technology to investors this week ahead of a public listing it hopes will provide some $2 billion in additional funding. The move comes as several […]

October 1, 2021 (Reuters) – Outflows from global equity funds ramped up in the week to Sept. 29 on expectations that major central banks would lift interest rates soon amid concerns that inflation could persist for longer. According to data from Lipper, investors sold a net $1.21 billion in global equity funds in the week, […]

October 1, 2021 PRAGUE (Reuters) – Czech Foreign Minister Jakub Kulhanek summoned Britain’s ambassador over accusations that sections of a soccer crowd consisting mainly of schoolchildren attending a game in Prague on Thursday abused Rangers player Glen Kamara. “Enough! Intentionally spread, disgusting insults against Czech children in the media and on the internet do not […]

October 1, 2021 By Arriana McLymore NEW YORK (Reuters) – Santa’s sleigh is coming out of its garage a little earlier this year. Target, Pottery Barn, Ulta Beauty, Gap and PacSun are among retailers promoting holiday decor and gifts as early as mid-September amid a global supply-chain logjam that threatens to limit availability of some […]

October 1, 2021 By Tom Wilson LONDON (Reuters) -The advent of digital currencies in emerging markets could spark “cryptoization” of local economies, potentially undermining exchange and capital controls and upsetting financial stability, the International Monetary Fund said on Friday. Bitcoin and its kin have in the last year soared in price and popularity, with emerging […]

October 1, 2021 (Reuters) – The general manager of the Ukraine Hockey League (UHL) said on Thursday he has been fired from his role for speaking out about racism following an incident between two players during a recent game. According to Eugene Kolychev, his voice was ignored in the decision to suspend HC Kremenchuk forward […]

The capital market for startups has perhaps never been more attractive than it is today. Not only are venture capitalists raising more capital than ever, but new methods of financing startup activity are maturing. The result is a capital market that is increasingly competitive for startup attention, and business, which may lead to better prices […]

Twitter really can’t go a day without releasing new products. But if you’re running an account for a business or a public figure, its latest addition might capture your interest. Soon, businesses and creators will be able to opt into “professional accounts,” giving them additional tools to distinguish their profile, quickly promote content through ads, […]

Vareto, a startup aiming to help companies conduct more forward-looking financial planning and analysis, is coming out of stealth today with $24 million in total funding. GV (formerly Google Ventures) led its $20 million Series A this year, and Menlo Ventures led its $4.2 million seed financing in the summer of 2020. Menlo also put […]

October 1, 2021 ST PETERSBURG, Russia (Reuters) – A descendant of Russia’s former imperial family married his Italian bride on Friday in the first royal wedding to take place on Russian soil since tsarist times more than a century ago. Grand Duke George Mikhailovich Romanov tied the knot with Victoria Romanovna Bettarini, an Italian, at […]

October 1, 2021 (Reuters) – Turkish President Tayyip Erdogan this week flagged potential further cooperation with Russia on defence industry projects including fighter jets and submarines even as the United States warned it could respond with more sanctions. Turkey received the first deliveries of the S-400 surface-to-air systems in July 2019, prompting Washington to begin […]

October 1, 2021 By Karolina Tagaris SAMOS, Greece (Reuters) – Greece will not allow a repeat of the 2015 migration crisis to unfold on its borders following the deteriorating situation in Afghanistan, Prime Minister Kyriakos Mitsotakis said on Friday after visiting a new migrant camp on an island near Turkey. The Taliban’s takeover of Afghanistan […]

We’re launching our second TC Sessions: Space conference dedicated to space startups on December 14-15. Yep, this event requires two days to delve into a rapidly growing industry that not only includes exploration beyond our atmosphere, but also the enormous growth in space-based data used back here on old terra firma. Join a global community […]

Decentralized Autonomous Organizations, or DAOs, are all the rage at the moment. We’re seeing explosive growth in this sector as people experiment with building companies on top of tokens and smart contracts. And where new organization types bloom, so does the need for infrastructure. Utopia Labs is a team of 4 founders who met on […]