Business

After a record 2021, the venture capital market has slowed this year and is likely to remain cool in 2023 due to inflation, rising interest rates and geopolitical uncertainties. But the news isn’t all grumpy. Despite volatile market conditions, 2022 is already the year for the second highest venture capital investment on record. Total investments are expected to hit the…

The law school at the University of California, Berkeley on Thursday joined the law programs at Harvard and Yale, withdrawing from the US News & World Report rankings over fears they would penalize efforts to educate students with a broad spectrum of to wear backgrounds. The deans of all three law schools said the magazine’s influential ranking system is biased…

Masayoshi Son is now personally responsible for approximately $4.7 billion in side businesses he managed at SoftBank Group Corp. to increase his compensation is on the hook after mounting losses in the company’s technology portfolio wiped out the value of its stake in the second Vision Fund. Over the years, the Japanese billionaire’s controversial personal stakes in SoftBank’s investments have…

If you’re a Long COVID patient with a headache, brain fog or other neurological symptoms, another coronavirus could be to blame — at least in part, according to a new study. Researchers from the Ragon Institute of Massachusetts General Hospital, the Massachusetts Institute of Technology and Harvard University examined the spinal fluid of 112 patients infected with COVID. In patients…

David Ripley, the new CEO of cryptocurrency exchange Kraken, didn’t mince words when discussing Sam Bankman-Fried (SBF). “I think that’s where it boils down to with all the information we have [and] This bankruptcy report, which has now been released, states that FTX and SBF are complete fraudsters – not just fraudsters, but thieves,” said Ripley, who also served as…

Elon Musk gave Twitter employees an ultimatum to either join the company’s new “hardcore” work environment or leave. According to people familiar with the matter, many more workers than he expected refused to sign up, potentially jeopardizing Twitter’s operations. So many employees opted for severance pay that there was confusion about who should still have access to company property. Twitter…

Billionaire investor Barry Sternlicht is stepping up his criticism of the US Federal Reserve’s rate hikes aimed at bringing down inflation. “This is self-inflicted suicide,” Sternlicht said CNBC on Thursday. “It’s a terrible idea and it’s not necessary. The economy is slowing down by itself.” He argues that raising interest rates at this point will only slow the economy rather…

Despite dire predictions of a widely expected recession in the US, the economy remains strong for now. Americans are struggling with inflation and rising interest rates, are concerned about layoffs particularly in the tech industry, and have little confidence in the direction of the economy. Trust is even worse among CEOs. But as bleak as the mood is, the economy…

Personal income for many Americans increased significantly in 2021 despite the COVID-19 pandemic, which has led to record unemployment and prompted scores to isolate at home amid social distancing measures. According to a recent Bureau of Economic Analysis (BEA) report, residents living in non-metropolitan areas of the United States experienced a 7.7% increase in personal income over the past year,…

A federal judge in Florida on Thursday blocked a law pushed by Gov. Ron DeSantis that restricts certain racial talk and analysis in colleges. Tallahassee District Judge Mark Walker issued an injunction against the so-called “Stop Woke” law in a ruling that called the legislation “positively dystopian.” The law prohibits educational or business practices that claim that members of an…