September 3, 2021 (Corrects to show euro high of 1.1909, not 1.909) By Chuck Mikolajczak NEW YORK (Reuters) – The dollar weakened further against a basket of major currencies on Friday after a much softer than expected U.S. payrolls report that is likely to keep the Federal Reserve on hold in scaling back its massive […]
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U.S. economy’s hot vax summer ends in cool COVID fall as Delta rises
September 3, 2021 By Howard Schneider and Trevor Hunnicutt WASHINGTON (Reuters) -The promise of a “normal” U.S. economy this summer, which kicked off with the June revival of restaurants, air travel and baseball games, is transforming into an uncertain fall of rising health and economic risks. Labor Day weekend, the traditional end of the U.S. […]
S&P 500, Dow slip as monthly jobs growth slows; tech stocks lift Nasdaq
September 3, 2021 By Shashank Nayar (Reuters) -The S&P 500 and the Dow fell on Friday as a slowdown in U.S. jobs growth raised questions about the pace of the economic recovery, while the tech-heavy Nasdaq jumped as the report also calmed fears of an imminent tapering in monetary policy. Eight of the 11 S&P […]
Director Villeneuve says science fiction epic ‘Dune’ more relevant today
September 3, 2021 By Marie-Louise Gumuchian (Reuters) – Tackling politics, religion, the fight for precious resources and the environment, Frank Herbert’s 1965 epic science fiction novel “Dune” is more relevant to today’s audiences, director Denis Villeneuve said on Friday as he brought his ambitious adaptation to the Venice Film Festival. An ensemble cast led by […]
NYC-based insurance underwriting platform Kalepa raises $14M Series A led by Inspired Capital
Kalepa, an insurance underwriting platform based out of New York, has raised a $14 million Series A funding round led by Inspired Capital, with participation from previous investor IA Ventures. Also participating was Gokul Rajaram of Doordash, Coinbase, and formerly of Google, Jackie Reses, formerly of Square, and Henry Ward of Carta. Founded by Paul […]
Tunisia’s powerful union calls to change political system
September 3, 2021 TUNIS (Reuters) – Tunisia’s powerful labour union on Friday called on the president to propose changes to the political system and put them to a referendum after his seizure of governing powers in July in a move critics called a coup. The UGTT union, which has so far backed President Kais Saied […]
Taliban co-founder Baradar to lead new Afghanistan govt – sources
September 3, 2021 (Reuters) – Taliban co-founder Mullah Abdul Ghani Baradar will lead a new Afghan government set to be announced soon, sources in the group said on Friday, as its fighters battled forces loyal to the vanquished republic in the Panjshir Valley north of Kabul. But the new government’s most immediate priority may be […]
A founder’s guide to effectively managing your options pool
Allen Miller Contributor Share on Twitter Allen Miller is a principal at Oak HC/FT based in San Francisco. He invests in early- and growth-stage companies, with a particular focus on fintech. More posts by this contributor The last decade in real estate, and a peek into the next one 2019 looks to continue another lights-out […]
Acquired by Mercedes-Benz, YASA’s revolutionary electric motor is set for big things
Back in July, YASA (formerly Yokeless And Segmented Armature), a British electric motor startup with a revolutionary ‘axial-flux’ motor, was acquired by Mercedes-Benz. The acquisition didn’t exactly garner enormous press attention, as scant other details were announced. But YASA is likely to be an entity worth watching. Founded in 2009 after being spun out of […]
Soccer-With new TV deal, brands see value in women’s league deals
September 3, 2021 By Simon Evans MANCHESTER, England (Reuters) – England’s Women’s Super League (WSL) kicks off its new season this weekend and, with a major new broadcast deal and a host of international players, there are a series of new sponsorships as brands look to get in on the growth of the women’s game. […]
Kristen Stewart’s turn as Princess Diana woos Venice
September 3, 2021 (Corrects surname of director in second paragraph) By Silvia Aloisi VENICE, Italy (Reuters) -U.S. actress Kristen Stewart’s interpretation of Princess Diana in “Spencer” got a warm reception at the Venice Film Festival, where it premieres on Friday, with some critics already tipping her as a likely Oscar contender. Chilean director Pablo Larrain […]
New York’s 9/11 Museum CEO seeks to educate, inspire younger generation
September 3, 2021 By Angela Moore (Reuters) – One of the most important tasks Alice Greenwald has as president and CEO of the 9/11 Memorial and Museum is to educate and inspire a younger generation and make sure the heroism and sacrifices made that day in 2001 are never forgotten. “If you think about 20 […]
Instagram may not be a photo-sharing app anymore, but Glass is
Instagram made headlines (including this one) when product head Adam Mosseri said in June that the app is “no longer just a square photo-sharing app,” since it’s pivoting its focus to shopping and video. But where does that leave photographers who want a social photo-sharing experience? According to Tom Watson, a former product designer at […]
Private equity giveth, and private equity taketh away
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Alex and Grace and Chris gathered to dig through the week’s biggest happenings, including some news of our own. As a note, Equity’s Monday episode will be landing next Tuesday, thanks to a national holiday here in the United States. And we have something […]
Soccer-Netherlands coach Van Gaal expects another test against Montenegro
September 3, 2021 AMSTERDAM (Reuters) – Netherlands manager Louis van Gaal is predicting another difficult World Cup qualifier when they host Montenegro in Eindhoven on Saturday, saying he expects the match to be as testing as their 1-1 draw in Norway on Wednesday. The veteran coach, who is back for a third stint in charge […]
Motor racing-Red Bull want to bring Albon back to F1, says Horner
September 3, 2021 By Alan Baldwin (Reuters) – Red Bull are seeking to secure Alexander Albon’s Formula One return next season, with seats opening up at Alfa Romeo and Williams, while Mercedes are keen to place their new Formula E champion Nyck de Vries. Albon, 25, drove for Red Bull’s main team last year but […]
‘Stagflation’ trades boom as investors flee U.S. debt
September 3, 2021 By Saikat Chatterjee LONDON (Reuters) -Investors have swept into assets perceived to perform on slowing growth and rising inflation, a weekly round-up by BofA showed on Friday, with tech stocks seeing their biggest inflows in six months and large outflows from U.S. government debt. At $2.5 billion, tech stocks saw the biggest […]
Tyson Foods, meatpacking union strike deal over vaccine mandate
September 3, 2021 CHICAGO (Reuters) – North America’s largest meatpacking union said on Friday it has agreed to support Tyson Foods Inc’s requirement that employees be vaccinated against COVID-19 and also secured paid sick leave for workers in negotiations over the matter. The United Food and Commercial Workers union, which represents Tyson plant workers, said […]
Slower growth in U.S. jobs ripples through markets
September 3, 2021 By Huw Jones LONDON (Reuters) – Weaker-than-expected jobs growth data from the United States sent a wave through the markets on Friday, leaving investors trying to work out what it means for the timing of Federal Reserve tapering of stimulus. Non-farm payrolls increased by 235,000 jobs last month, far short of the […]
Exclusive-FedEx faces labor union challenge over billionaire CEO’s pay
September 3, 2021 By Jessica DiNapoli (Reuters) – FedEx Corp shareholders should reject founder and CEO Fred Smith’s $54 million pay package because the logistics company gave him stock options after scrapping a cash bonus in the wake of the COVID-19 pandemic, only to reinstate it later, the Teamsters labor union said on Friday. Smith, […]