Business
TechCrunch
tinyllama
1 day ago
Sourcce: Kalshi's valuation jumped to $11 billion after raising a massive $1 billion round at a $11 billion valuation, according to a person familiar with the deal. The latest funding is led by Sequoia and CapitalG, while other investors in Kalshi include Andreessen Horowiitz, Paradigm, Anthos Capital, and Neo. Kalshi has also secured the right for American residents to use its prediction market platform after successfully suing the Commodiy Future Tradings Commission last year. The company's rivals Polymarket were reportedly in talks with raising another funding round at a $12 billion valuation, mere weeks before closing their $1 billion round at an $8 billion pre-monetary valuation. Kalshi has been barred from serving Americans since 2022 due to legal challenges by state regulators who claim its activities are "gaming." In September, the company acquired a derivatives market and clearinghouse, providing the right to reenter the U.S. Market.
Business
Ars Technica - All content
llama3.2:1b
4 days ago
Jeff Bezos will become a CEO again, this time for Project Prometheus, an AI company co-founded by him. The new role takes effect immediately and marks his return to a leadership position in technology. Bezos, one of the world's richest tech CEOs, has been without a CEO since 2021, when Amazon was sold to SoftBank. This change is part of Bezos' broader shift towards focusing on logistics and business operations after selling Amazon. Project Prometheus has secured $6.2 billion in funding from Bezos himself, at least partially through his own wealth. The company already boasts nearly 100 employees, including researchers who have worked for major tech firms like OpenAI and Meta.
Business
Jalopnik - Obsessed with the culture of cars
llama3.2:1b
4 days ago
A 2020 Jeep Wrangler has depreciated by around 29% over five years, from $34,340 to $24,289, according to CarEdge estimates. However, depreciation rates vary depending on trim level, condition, mileage, and market trends. The dealership trade-in value for a 2020 Jeep Wrangler Recon Sport Utility 2D is estimated at $31,290 in November 2025, with a resale value of $29,534. The five-year depreciation rate is around 32%. In contrast, other midsize SUVs have held their residual values well after five years, such as the Toyota 4Runner (75% retention), Toyota Land Cruiser (82%), and Honda Passport (45%). On the other hand, the Jeep Wrangler's hybrid model has lost significant value over the past three years.
Business
The Verge
tinyllama
4 days ago
OpenAI is finally allowing employees to donate their equity in the company, after years of frustration over not being able to do so. The company has sent out an email from its equity team promising a charitable donation opportunity soon after, but some employees are expressing concern about the short turnaround and lack of notice on the decision-making process. In 2025, OpenAI is planning to allow current and former employees to sell their shares in a tender offer for at least $483 per share, which could potentially give them access to AGI (artificial general intelligence) technology. The company has been restrictive in previous donation rounds, but this time has taken a more relaxed approach due to concerns about the lack of notice and control over the technology. OpenAI's price per share has increased significantly since last month, indicating that investors are willing to pay for AGI-equipped systems.
Business
TechCrunch
tinyllama
5 days ago
Business. Danish startup FlatPay has joined the ranks of European fintech unicorns to track and connect small merchants using its point-of-sale (POS) terminals and payment processing systems. This focus on a segment that accounts for 99% of European businesses has driven rapid growth at a rate of nearly $100 million annually, as CEO Sander Janca-Jeansen claims. FlatPay's own valuation has grown by over $1 million per day since it crossed the threshold of €100 million in annual recurring revenues in October 2025. The company aims to leave its yearly revenue by about €400 million, while growing another $300-$500 million by 2026. FlatPay has raised €145 million in Series B funding from German investors AVP Groth and Smash Capital. The latest round will support continued growth across its current markets as well as expansion into new ones, while doubling headcount by the end of next year. FlatPay's unique proposition is to connect merchants with low-cost payment processing at a flat rate, without requiring them to manage their own POS systems or infrastructure. This strategy has gained traction in Denmark and other European countries, where small businesses account for over 90% of all transactions
Business
naked capitalism
llama3.2:1b
5 days ago
A new car-free neighborhood in Detroit, Michigan, has been designed to revolutionize American cities by providing a unique model for urban living and transportation. The project, dubbed "Detroit 9/11," aims to transform the city's layout and reduce traffic congestion by eliminating cars from certain areas. The neighborhood will feature a mix of housing, shops, and community spaces, with a focus on walkability and bikeability. Residents will have access to pedestrian-friendly streets, public transportation, and bike lanes, creating a more sustainable and livable environment. The project is being led by the non-profit organization, Revive & Restore, in partnership with the city of Detroit. The idea behind Detroit 9/11 is to create a model for other cities that are struggling with traffic congestion, pollution, and urban decay. By providing an alternative to traditional car-centric development, this innovative neighborhood could serve as a catalyst for change and inspire others to rethink their approach to urban planning.
Business
Jalopnik - Obsessed with the culture of cars
llama3.2:1b
5 days ago
To check if your car has a recall, start by verifying its safety status through NHTSA's VIN tool on their website (NHTSA.gov/recalls). Enter the vehicle identification number to discover if there are any open recalls associated with it. Alternatively, use license plate information, but be cautious as inaccurate results may occur due to recent plate transfers. For recall information and specifics about repair processes, visit your car manufacturer's online portal for consumers. These websites provide detailed details on affected vehicles, including the nature of the issue, repair timelines, and available remedies. Notably, some manufacturers offer permanent fixes or hardware replacements for certain recalls, which may not be yet available due to ongoing development. To stay informed about potential recalls and repair options, use online tools provided by NHTSA and your car manufacturer, such as their VIN tool and recall portals.
Business
The Verge
llama3.2:1b
6 days ago
Tim Cook, Apple's CEO since 2011, could step down as CEO next year due to his age and the company's succession plan. The Financial Times reports that John Ternus, senior vice-president of hardware engineering, is considered a frontrunner for the position. This follows the retirement of Jeff Williams, Apple's COO, whose last day was Friday. As part of Williams' departure, responsibilities at Apple have been shuffled with expanded roles for Eddy Cue, Craig Federighi, and Ternus. The company has also expanded its internal candidate pool, indicating a strong preference for an Apple employee to take over as CEO. While it's unlikely that someone outside the company will be chosen for the role, Tim Cook has stated that he wants to maintain an internal candidate pool in case of unexpected circumstances. This development could create tension within the company due to rumors surrounding Cook's potential retirement and the lack of external candidates vying for the position.
Business
Lifehacker
gemma:2b
6 days ago
Sure, here's the summary you requested: Black Friday is a season for holiday shopping, and fraudsters are aware of this and use this opportunity to create scams to prey on consumers' sense of urgency and excitement. Some common scams include fake retail sites, deepfakes impersonating celebrities promoting deals, and impersonation scams. These scams can be difficult to spot but can lead to significant financial losses. It's important to be aware of these scams and take steps to protect yourself from them when shopping during the holiday season.
Business
Jalopnik - Obsessed with the culture of cars
llama3.2:1b
1 week ago
Used car prices have reached their highest levels since the COVID chip shortage, with average transaction prices above $30,000 in the third quarter of this year, at $31,067. This is the highest third-quarter average transaction price since 2022 when it hit $31,259. South Korea's government plans to increase subsidies for its carmakers and raise consumer subsidies for electric vehicles (EVs) to help offset the costs from US tariffs and ease pressure from Chinese rivals. The country aims to increase financial support by over 15 trillion won ($10.2 billion), including low-interest-rate loans and guarantees, in 2026. Japanese auto workers are preparing for union negotiations with their employer regarding salary cuts as they prepare to face potential job losses due to US tariffs on Japanese auto imports.
Business
naked capitalism
llama3.2:1b
1 week ago
Business owners are facing increased scrutiny from regulators over their tax practices, a trend that has been building in recent years. The National Taxpayers Union (NTU) has highlighted several high-profile cases of large corporations dodging taxes through aggressive use of transfer pricing and other accounting loopholes. The NTU report notes that many major companies have used complex financial structures to manipulate profits and reduce their tax liability. This has led to calls for greater transparency and accountability in corporate accounting practices. The organization also highlights the role of audit committees in oversight, which it says can help prevent tax evasion. Regulators are taking a tougher line on these issues, with some major companies already facing fines and penalties for non-compliance. The NTU warns that if the trend continues, business owners and managers will face even greater scrutiny in the future.
Business
Jalopnik - Obsessed with the culture of cars
llama3.2:1b
1 week ago
A new car model has emerged as a top contender for those looking to get the most bang for their buck, according to readers of Jalopnik's QOTD (Question of the Day) series. The Nissan Sentra is one such option, offering a reliable and feature-packed ride at an affordable price point. Mazda's CX-30 is another strong contender in this category, providing a fun-to-drive experience with decent space and good looks inside and out. Chevrolet's Trax is also worth considering, boasting a lot of car for the money and impressive fuel economy. On the other hand, options like the Ford Maverick hybrid, Mini Hardtop 2-Door Oxford edition (starting at $26k), and Honda Civic Sedan lineup offer great value without breaking the bank. The Mitsubishi Outlander Sport is also a solid choice, starting at $24K and lasting well over 100K miles with proper maintenance. Ultimately, the best car for getting the most bang for your buck will depend on individual priorities and needs.
Business
TechCrunch
tinyllama
1 week ago
Business, Groww, raised nearly $750M in its IPO on Wednesday, exceeding the initial public offering target of $650 million. The Indian online brokerage platform attracted a total market cap of $9 billion before listing, with 12.6 million active users and over 14 million active users as of June. Groww's app targets first-time investors to retail investing markets, competes with similar apps like Zerodhash and Angel One, and offers lending and payment services to clients. The company launched a separate app for lending in 2019, which has since expanded to include asset management and insurance products. Assets under management at the platform have surpassed $3 billion, with revenues of ₹38 billion ($440 million) and net profit of ₹17 billion ($206 million). Institutional investors sold their shares in the offering, raising about 18 times demand from anchor investors. The company raised more than $30 billion from anchor investors in a pre-IPO placement last year, and has raised about $20 billion since its launch in 2016. Past Disrupts have included Google Cloud, Netflix, Microsoft, Box, Phia, a16z, ElevenLab's, Wayve, Huggiing Face, Elaad Gil,
Business
Outer Places
tinyllama
1 week ago
In Business, SeaMLess Credit Card Transactions are crucial for businesses to maintain a smooth operation, but managing these transactions can be a complex process. Here are some best practices for handling credit card transactions in business: 1. Understand the Basics Before entering into any credit card transaction, businesses should familiarize themselves with the terms and conditions of their card provider. This includes understanding the fees, interest rates, and other charges associated with using a particular card. 2. Be Prepared for Exceptions While managing credit card transactions may seem straightforward, there are certain exceptions that can impact business operations. For example, if a company is unable to pay its credit card bill on time, this can lead to late fees, interest charges, and other penalties. In such cases, it's essential for businesses to communicate with their credit provider to understand the implications of non-payment. 3. Optimize for Speed The speed at which a business processes credit card transactions is critical to maintaining its reputation as a reliable financial partner. Businesses should prioritize speed by investing in technology that can automate, streamline, and simplify credit card processing. 4. Monitor Transactions Daily Businesses should monitor their credit card transactions daily to ensure they are meeting the terms and conditions of their provider. This can help identify any issues or unusual activity and take appropriate action
Business
TechCrunch
tinyllama
1 week ago
SoftBank's Nvidia sale raises questions, but also may be a surprise to Business category. As Masayoshi Son's net worth plummets and SoftBank announces the sale of its entire $5.8 billion stake in AI company Nvidia to fundraise for OpenAI and a $30 billion investment in a manufacturing hub in Arizona, it may surprise some that Son has remained committed to his previous bets, including a $20 million investment in Alibaaba in 2000. However, his latest venture industry successes such as Vision Fund's investment in Saudi Arabia and SoftBank's commitment to $30 billion funding for OpenAI and a $1 trillion AI manufacturing hub in Arizona remain unsurprising. Nevertheless, the sale of Nvidia shares underscores Son's bet on AI, even as he remains undoubtedly known for the SoftBank's Nvidia sale.
Business
The Verge
tinyllama
1 week ago
An annual Walmart Plus membership is half off right now, with members receiving free same-day delivery, free shipment, and early access to Black Friday dealsevery year. Members can also receive a discount of up to $50 on their subscription fee if they decide to continue after the first year. This offer includes Walmart Plus benefits such as free delivery on orders over $35, free shipping with no minimum order, ad-supported membership to either Paramount Plus or Peacock, and access to limited-time offers like free months of Apple Music. Walmart Plus members also get early access to Black Friday deals before the public, allowing for up to five hours of early access before general public sales kick off online and in-store. This year's Walmart Plus membership offer will begin online on November 13th, with a second wave beginning on November 28th and lasting through November 30th. Shop like a pro during Black Friday and Cyber Monday by grabbing deals early, setting a reminder for the annual membership, and assessing whether to continue paying for it before its automatic renewal at full price.
Business
naked capitalism
llama3.2:1b
1 week ago
Private companies are facing significant economic challenges, leading to a substantial increase in shutdowns and data skewing. The problem lies in the lack of transparency and regulation in the industry, resulting in misleading information being shared among stakeholders. As a result, business decisions are often made without complete and accurate data. Data is not only crucial for making informed decisions but also plays a vital role in driving innovation and growth. However, with the absence of standardized reporting standards, companies are left to their own devices when it comes to collecting and analyzing private data. This lack of accountability has led to an environment where businesses can manipulate numbers to suit their interests. The consequences of these data issues extend beyond individual companies, affecting market trends and investor confidence. As a result, the overall economy is impacted, leading to increased costs for businesses and potential job losses. The situation highlights the need for greater transparency and regulation in the private sector to ensure that businesses operate with integrity and serve the public interest.
Business
Ars Technica - All content
tinyllama
1 week ago
Higher prices, simpler streaming expected if Warner Bro's Discovery (WBD) merges into Paramount+. WBD is reportedly open to sell its streaming service as a merge would allow for more people to see the work of film and TV show creators. A merged WBD would create a more compelling offering for subscribers, making Paramount+ more appealing with higher prices than previous attempts. Higher prices are possible due to the recent expansion of services available, but the expanded services could be a double-edged sword for streaming subscribers as it risks increasing subscription costs for current subscribers. The most obvious negative is the potential for price hike, while existing subscribers can expect better value per dollar with an improved content offering and brand continuity.
Business
Jalopnik - Obsessed with the culture of cars
tinyllama
1 week ago
Every Semi Truck Brand Owned by Paccar, Kenworth, and Peterbilt Paccar, a colossal industrial giant, owns several semi truck brands that have been around for over a century. These include SeaTech, SeaTruck, Pacific Car & Foundry Company, and Pacific Car & Foundry Company. In this summary, we will focus on the key facts, main points, and important details of these brands, along with their notable historical events and transformations into other industries. 1. SeaTech: SeaTech was founded in 1905 by William Piottt Sr. In SeaTech Motor Trucks Company, which was later renamed Pacific Car & Foundry Company. It is the oldest manufacturer of commercial trucks, dating back to the early 20th century. The company produced logging and railway equipment before venturing into the trucking industry in the 1940s. 2. SeaTruck: SeaTrck was founded in 1958 by Pacific Car & Foundry Company, becoming an independent entity in 1972. It specializes in making trucks and trailers for the transportation of heavy equipment, including grain and construction materials. In 1981, Paccar acquired SeaTrck as part of its Pacific Car & Foundry Company takeover.
Business
Gizmodo
llama3.2:1b
2 weeks ago
Elon Musk's Tesla shareholders have approved his pay package worth as much as $878 billion, a decision widely expected. The compensation plan will hand over the wealth in 12 tranches of stock, provided various milestones are hit over the next decade, including reaching a market cap of $2 trillion and delivering 20 million Tesla vehicles. Musk currently holds about 13% of Tesla shares but would increase his stake to 25% if all milestones are met. Shareholders believe Musk's association with far-right politics has harmed Tesla's brand among its liberal customer base. On the other hand, many potential customers were turned off by Musk's past associations and actions. Tesla has seen steep declines in sales across most of Europe, with Norway down 50%, Netherlands down 48%, and Spain down 30%. Musk claims his development of AI and robotics could be a threat if they fall into the wrong hands. However, many of these claims have been met with skepticism, and Tesla's struggles are largely attributed to its electric car business being outpaced by competitors in Europe.