Industry News / Helpful Articles
The Markets Face a Rare Double Decline
The losses in tech stocks and bonds is wrecking investor portfolios, and analysts warn of more sell-offs.
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Join Us Live at DealBook Summit
Andrew Ross Sorkin returns to the stage on Nov. 30 in New York City for a day of conversation.
NASA May Let Billionaire Astronaut and SpaceX Lift Hubble Telescope
Jared Isaacman, who traveled to orbit on the Inspiration4 mission, is pursuing a private space program in collaboration with Elon Musk’s rocket company.
David Gottesman, Wall St. Power and Warren Buffett Partner, Dies at 96
He founded the investment house First Manhattan and, after befriending him in the 1960s, pursued enormously lucrative deals with Mr. Buffett.
Porsche Shares Jump in Blockbuster Market Debut
Volkswagen spun off the German carmaker on the Frankfurt Stock Exchange, where its stock began trading higher despite a broader decline in European markets.
Porsche Takes off in Trading Debut
Shares in the sportscar maker gained on Thursday, outperforming the wider market.
U.S. and Russia Duel Over Leadership of U.N. Tech Group
Member countries vote on Thursday for an American or a Russian to lead the International Telecommunication Union, which sets standards for new technologies.
Lululemon Hopes to Expand Home Fitness Business With Membership Program
The athleisure brand bought the interactive fitness company Mirror for $500 million in 2020, when at-home workouts were booming because of Covid lockdowns.
‘Act of Sabotage’ Hits Europe’s Energy and Stocks Markets
Natural gas prices soared in Europe and stocks fell, as officials investigate the causes of the Nordstream 1 and 2 gas pipeline explosions.
The Crypto World Is on Edge After a String of Hacks
More than $2 billion in digital currency has been stolen in hacks this year, shaking faith in the experimental field of decentralized finance, known as DeFi.
On Portugal’s ‘Bitcoin Beach,’ Crypto Optimism Still Reigns
In crypto havens such as Meia Praia beach, the confidence in digital currencies remains undimmed even after this summer’s crash.
C.E.O. of Celsius, the Crypto Bank, Resigns
Alex Mashinsky, the founder of Celsius, which filed for bankruptcy in July, said his role had “become an increasing distraction.”
A $100 Million Deli? Not So Fast, U.S. Prosecutors Say.
The Justice Department charged three men with fraud for their role in a scheme to bolster the value of a New Jersey sandwich shop that brought in less than $40,000 in annual sales.
Bitcoin Rises 6.5 Percent as a Strong Dollar Sinks Other Currencies
The cryptocurrency has risen 6.5 percent over the past seven days, bucking the trend as a strong dollar sinks other currencies.
The British Pound Is on Parity Watch
Global markets rebounded on Tuesday, but traders continue to worry about Britain’s risky pro-growth fiscal policies.
U.S. Suit Over Alliance of American Airlines and JetBlue Goes to Trial
The Justice Department antitrust case contends that the carriers’ cooperation in Boston and New York reduces competition.
European Political Turmoil Roils Global Markets
Stocks and bonds in Europe and Asia fell on Monday, as did futures in American markets, as developments in Britain and Italy weighed on investors.
TikTok Seen Moving Toward US Security Deal, but Hurdles Remain
A draft agreement with the Biden administration to keep the Chinese-owned video app operating in the United States is under review. That could mean more wrangling.
Silicon Valley Had Its Heyday. Can Tech Ecosystems Now Grow Inland?
The AOL co-founder Steve Case sees a need for entrepreneurial hubs beyond the coasts. “Let’s have it be a few dozen cities,” he says.
Silicon Valley Slides Back Into ‘Bro’ Culture
Elon Musk, Mark Zuckerberg and Marc Andreessen show how the tech industry’s insular culture remains largely unchanged.
