On Monday, investment firm Paradigm announced it was launching a $2.5 billion venture-capital fund. Paradigm was founded in 2018 by billionaire Coinbase co-founder Fred Ehrsam and Matt Huang who previously worked as a partner at Sequoia Capital. Paradigm’s new fund will be aimed at the “next generation of crypto companies and protocols” and will be […]
According to court filings on Monday, JPMorgan Chase filed a lawsuit against Tesla for $162.2 million, accusing Musk’s electric vehicle company of “flagrantly” breaching a contract related to stock warrants after its share price rocketed. JPMorgan claims that Tesla breached the terms of a contract that was signed between the companies about repricing the warrants. […]
The Trump International Hotel is a historic building near the White House. It is Washington’s second-tallest structure after the Washington Monument and is currently leased by the Trump Organization from the US government. According to The Wall Street Journal, CGI Merchant Group, which is in contract to acquire the lease, plans to rebrand the hotel, […]
Ford has teamed up with Purdue University to create a prototype of a cable that could fully charge an electric vehicle’s battery in just five minutes. While there is still work to be done, the cable could nonetheless help overcome the final major obstacles preventing the adoption of EVs from becoming mainstream. Currently, slow charging […]
Chris West, CEO of Verbal Identity, explores the similarities between billionaires Elon Musk, Warren Buffett, and Steve Jobs. An obvious thing is the huge personal fortunes made from the companies they built. The less obvious thing is how they skillfully used language to build those companies (and those fortunes). Steve Jobs and Warren Buffett had […]
The new sports utility vehicle is likely to be a successor to the manufacturer's current SUV, the G3 and the G3i. It's scheduled to be launched at the Guangzhou auto show on November 19. Following the news, Xpeng shares were up 10% in afternoon trade in Hong Kong. Xpeng currently sells two sedans, the P5 […]
Danni Rush, Chief Operating Officer at Virgin Experience Days and Virgin Incentives, explains how businesses can celebrate Christmas now Covid-19 restrictions have been lifted. Christmas is a special time of year to celebrate with friends and family – and also work. The Christmas party is an important milestone in the company calendar, giving workforces an […]
Musk’s trust sold over 3.5 million shares worth over $3.88 billion in a flurry of trades on Tuesday and Wednesday. The transactions were not marked as 10b5, which means they were not scheduled sales. The financial filings show that Musk is also selling a separate block of shares in his company via a plan that […]
Kristin Savilia is CEO of JOOR, one of the world’s leading virtual showrooms and wholesale management platforms, enabling brands and retailers to seamlessly connect, collaborate and conduct business both physically and virtually. Under Kristin's leadership, JOOR has grown to become the premier global wholesale platform, facilitating $57 billion in wholesale transactions. More than 13,000 brands […]
In 2018, I gave a talk at a Chamber of Commerce event in Worcestershire about business leaders needing to give thought to others in the world regarding their environmental decision-making policies, and the need for us to realise that all humans are interconnected. One of my slides was a picture of around 100 Bangladeshis wading through waist-deep water, having been flooded out of their homes […]
According to a report by Bloomberg Wealth, the $50 billion drop marks the largest ever two-day decline recorded in the history of the Bloomberg Billionaires Index. While Musk still maintains his spot as the world’s richest man, his loss has narrowed the gap between the Tesla CEO and Amazon founder Jeff Bezos, the second richest […]
What fuels creativity? Some argue that it’s the challenge of a deadline. Others say that it’s the drive to solve problems and create a better world. From firsthand experience, I’ve seen how encouraging freedom drives ideas and innovation. Yet the way in which businesses across all industries structure their working days gives little allowance for […]
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