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A Startup in the New Jersey Suburbs Is Battling the Giants of Silicon Valley
Business

A Startup in the New Jersey Suburbs Is Battling the Giants of Silicon Valley

It’s not just Nvidia. There is another big winner of the AI boom—and it’s now competing with some of the world’s most valuable companies. Source

Schulman Having Bumpy Landing After Taking PayPal to New Heights
Business

Schulman Having Bumpy Landing After Taking PayPal to New Heights

With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing the reins after nine years.

Amazon's Palm-Payment Effort Is a Sneak Attack on Apple and Google
Business

Amazon's Palm-Payment Effort Is a Sneak Attack on Apple and Google

It’s also a potentially massive play to make Amazon the central ID system for your whole life—from banking and loyalty programs to tickets, age verification

U.S. to Ban Some Investments in China
Business

U.S. to Ban Some Investments in China

President Biden plans to sign an executive order that will also require U.S. private-equity and venture-capital firms to disclose certain investments in the country. Source

Crypto Rules Delay Puts Billions in Tax Revenue at Risk
Business

Crypto Rules Delay Puts Billions in Tax Revenue at Risk

Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law. Source link

Apple, Amazon, Starbucks to Report in Packed Earnings Week
Business

Apple, Amazon, Starbucks to Report in Packed Earnings Week

Earnings reports also from Uber Technologies, Pfizer and Kraft Heinz are expected to shed light on how consumer spending is holding up amid rising interest

He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.
Business

He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.

Charlie Shrem, a co-founder of the defunct BitInstant, was one of the first bitcoin millionaires and one of the first to do time for crypto

Bankrupt FTX Sues Sam Bankman-Fried, Others to Recoup More Than $1 Billion
Business

Bankrupt FTX Sues Sam Bankman-Fried, Others to Recoup More Than $1 Billion

The latest lawsuit by new management alleges that transfers of corporate assets were made for the benefit of the co-founder and others. Source link