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☆ 10 Things in Tech: Startups face mass extinction
▼ + stars: | 2023-06-13 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +4 min

Startups are facing a "Mass Extinction Event" — and most people can't even see it. That's according to Tom Loverro, a general partner at IVP, who said: "The Mass Extinction Event for startups is underway." In our full analysis, we dive even deeper into this "Mass Extinction Event," including signs that can be gleaned from the fates of WeWork, Zume, and Plastiq. Investors shut out of traditional funding rounds are finding another way to snap up shares in buzzy AI startups. In an email to Twitter employees, Linda Yaccarino said it's her mission to turn Twitter into "the world's most accurate real-time information source."

Persons: Hallam Bullock, Alistair Barr, Melia Russell, Tom Loverro, Loverro, spigot, Jeff Bezos, Elon Musk Pascal Le Segretain, Michael M, Elon, Bezos, Andreessen Horowitz, Read, they're, Steve Jobs, Linda Yaccarino, it's, Matt Mikka's, YouTuber, we've, Shona Ghosh Organizations: London . Venture, Getty, Venture, Tech, Twitter, Tesla Locations: London, San Francisco

☆ Verstappen wins in Spain to continue Red Bull sweep
▼ + stars: | 2023-06-04 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

Red Bull's Sergio Perez, Verstappen's closest rival in a season that looks sure to crown the dominant Dutch 25-year-old for a third time, finished fourth after fighting back from 11th at the start. The victory was Verstappen's fifth of the season, third in a row, third in Spain and the double world champion's 40th in Formula One. TALKING POINTThe form of the Mercedes drivers, with a re-designed car after a disappointing start to the season, provided a main talking point. Mercedes moved up to second in the championship on 152 points to runaway Red Bull's 287 and with Aston Martin dropping to third on 134. Ferrari's Charles Leclerc, who started from the pitlane after a nightmare in qualifying left him on the back row, finished 11th.

Persons: Max Verstappen, Albert Gea, Mercedes, Perez, Lewis Hamilton, George Russell, Bull's Sergio Perez, Verstappen, Carlos Sainz, Max, Christian Horner, McLaren's Lando Norris, Aston Martin, Hamilton, Russell, Ferraris, Sainz, Aston Martins, Lance, Fernando Alonso, Alonso, Alpine's Esteban Ocon, Alfa Romeo's, Zhou, Pierre Gasly, Yuki Tsunoda, Ferrari's Charles Leclerc, Alan Baldwin, Angus MacSwan, Pritha Sarkar, Ken Ferris Organizations: Prix, Spanish, Prix REUTERS, Spain Dutch, Mercedes, Barcelona's, Formula One, Hamilton, Aston, Alfa, Renault, Thomson Locations: Catalunya, Barcelona, Spain, Verstappen's, London

☆ Verstappen wins in Monaco to make it six out of six for Red Bull
▼ + stars: | 2023-05-28 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

"That was a real Monaco," Verstappen said after a 78-lap race that lasted an hour and 48 minutes. CLOSEST RIVALThe win was Verstappen's fourth of the season, second in Monaco and 39th of his career. Mexican team mate Sergio Perez, his closest title rival, started in last position after a qualifying crash and finished two laps down in 16th. Alpine's Pierre Gasly, Ferrari's Carlos Sainz, McLaren's Lando Norris and team mate Oscar Piastri completed the points positions. While Alonso celebrated his fifth podium of the season, and best result yet for Aston Martin, Canadian team mate Lance Stroll retired after repeated tangles with rivals.

☆ Opinion: Mitch McConnell’s confidence is being put to the test
▼ + stars: | 2023-05-14 | by ( Richard Galant | ) edition.cnn.com time to read: +17 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Not to worry, said Senate Minority Leader Mitch McConnell, a veteran of debt limit battles. McConnell’s reassurance that all will work out in the end is validated by history, but that doesn’t mean this time couldn’t be different. “If female voters are key to a Donald Trump victory in 2024, the former president should be in big trouble – but he doesn’t seem to care,” Jill Filipovic observed. “The town hall audience – selected on the basis of their intention to vote in the Republican primary in New Hampshire – appeared to be made up mostly of Trump fans.

The complaint was sent to the US judges' Committee on Financial Disclosure. For now, questions about Thomas's previously undisclosed financial dealings with Harlan Crow, a billionaire Texas real-estate developer, will fall to an obscure committee of sixteen federal judges — the Committee on Financial Disclosure. Koszczuk said the same letterhead was routinely sent to any member of the public who asked for a judge's financial disclosure report. When Ranjan wrote his article, a review of a Thomas biography, the controversies surrounding Thomas had nothing to do with his financial disclosures. Judges' financial disclosures are only updated annually, and until recently, it wasn't easy to get ahold of them.

☆ Australian 7-Eleven franchise puts 700-store chain up for sale
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, May 1 (Reuters) - The operator of 7-Eleven convenience stores in Australia said on Monday that its board has kickstarted the process to sell its entire business. Australia's largest convenience and fuel retailer, with more than 700 stores, said the board of 7-Eleven Holdings had commenced a process to sell the business. The process was at an early stage and was expected to take a number of months, it said in a statement on its website. Australia's 7-Eleven Stores, which is licensed by U.S.-based 7-Eleven Inc, is owned by the Withers and Barlow families. In 1976, they signed the area licence agreement to bring the 7-Eleven brand to Australia, opening the first store in Oakleigh, Victoria in 1977.

☆ Verstappen fastest in chaotic Baku practice
▼ + stars: | 2023-04-28 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

April 28 (Reuters) - Red Bull's Formula One leader Max Verstappen put in the fastest time right at the chequered flag on Friday in a chaotic sole practice for the new format Azerbaijan Grand Prix sprint weekend. The double world champion, last year's winner in Baku, lapped the fast street circuit with a best time of one minute 42.315 seconds with his final effort on the soft tyres. Ferrari's Charles Leclerc, who has never won in Baku but will be chasing his third successive pole in Azerbaijan in later qualifying for Sunday's grand prix, was second on the timesheets. The Monegasque ended up 0.037 seconds slower, after going top in the dying seconds, with Red Bull's Sergio Perez third and Ferrari's Carlos Sainz fourth. Perez has the best record of any driver on the starting grid in Baku with a victory in 2021, second last year and two third places.

☆ What We Learned From Round 1 of the N.F.L. Draft
▼ + stars: | 2023-04-28 | by ( Mike Tanier | ) www.nytimes.com time to read: +1 min

The Indianapolis Colts — who have relied on past-their-prime quarterbacks (Philip Rivers, Matt Ryan) or reclamation projects (Carson Wentz) since Andrew Luck’s sudden retirement before the 2019 season — selected Florida’s Anthony Richardson with the fourth pick. The Seattle Seahawks possessed two first-round picks because of last year’s Russell Wilson trade, which has become like an overflowing gift basket for them. The Seahawks selected Illinois cornerback Devon Witherspoon fifth overall and Ohio State receiver Jaxon Smith-Njigba 20th overall. Smith-Njigba caught 95 passes in 2021 but battled a hamstring injury throughout last season. The Las Vegas Raiders selected Texas Tech defensive lineman Tyree Wilson with the seventh pick.

☆ Exclusive: EU to push for its debt to be included in government bond indexes- official
▼ + stars: | 2023-04-27 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +4 min

Index inclusion "is something we are discussing with market participants at the moment, while we are also doing our internal analysis," the official said, looking at how the EU fulfills index providers' criteria. EU bonds are included in broad bond indexes but inclusion in dedicated government bond indexes compiled by the likes of Bloomberg, JPMorgan or FTSE Russell would be a game changer, as trillions of dollars of investor funds tracking the indexes would effectively become forced buyers. Big investors are also calling for index providers to treat the EU as a government. The EU official noted the bloc has elements of a sovereign, such as a budget and at least indirect taxing powers through member states' contributions. Cosimo Marasciulo, head of fixed income absolute return at Europe's largest asset manager Amundi, said it was also calling for EU inclusion in government bond indexes.

☆ Corporate insiders are loading up on their own shares following banking turmoil - and that's a positive sign for the stock market
▼ + stars: | 2023-04-24 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

More than 1,000 executives and directors at over 600 companies bought their stock in March. That's the most in nearly a year, according to Washington Service data compiled by the Wall Street Journal. Insiders at financial firms accounted for more than half of the stock purchases. Insiders at financial firms accounted for more than half of the stock purchases, the most for the sector in at least two years, according to Washington Service, an insider-trading data analytics provider. Separate data from investment-research firm VerityData showed that last month's insider stock purchases were concentrated at regional lenders like PacWest and Fifth Third.

☆ NBA roundup: Anthony Davis, Lakers sprint past Grizzlies
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +4 min

[1/5] Apr 22, 2023; Los Angeles, California, USA; Los Angeles Lakers guard Dennis Schroder (17) shoots the ball against Memphis Grizzlies forward David Roddy (27) in the fourth quarter during game three of the 2023 NBA playoffs at Crypto.com Arena. LeBron James added 25 points and nine rebounds as the Lakers took a 2-1 lead in the Western Conference matchup. D'Angelo Russell had 17 points and Rui Hachimura scored 16 for Los Angeles, which led by as many as 29 points in the wire-to-wire victory. Desmond Bane (18 points) ended the Morant run with a 3-pointer that cut the Los Angeles lead to 108-99 with 1:24 remaining. James Harden collected 17 points, 11 assists and eight rebounds.

☆ NBA roundup: Devin Booker leads Suns to series lead vs. Clippers
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

[1/3] Apr 20, 2023; Los Angeles, California, USA; Los Angeles Clippers guard Russell Westbrook (0) drives past Phoenix Suns guard Devin Booker (1) in the second half at Crypto.com Arena. Bones Hyland put up 20 points for Los Angeles. Andrew Wiggins finished with 20 points for the Warriors, who trail 2-1 heading into a game in San Francisco on Sunday. The 76ers, up 3-0 in the Eastern Conference first-round playoff series, can eliminate the Nets on Saturday in Game 4 in New York. Harden scored 21 before being ejected for committing a flagrant foul 2 when he elbowed Royce O'Neale late in the third quarter.

☆ NBA roundup: Devin Booker, Suns even series with Clippers
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +3 min

[1/3] Apr 18, 2023; Phoenix, Arizona, USA; Phoenix Suns guard Devin Booker (1) against the Los Angeles Clippers in the second half during game two of the 2023 NBA playoffs at Footprint Center. Kevin Durant added 25 points, six rebounds and five assists as Phoenix rebounded from a Game 1 home loss. Kawhi Leonard registered 31 points, eight rebounds, seven assists and three steals and Russell Westbrook added 28 points for the Clippers. Mitchell, the seventh-leading scorer in the NBA this season at 28.3 points per game, had just 17 points Tuesday but collected a career-high 13 assists. Mobley had 13 points and 13 rebounds while Garland scored 32 points, including 26 in the first half.

☆ Jalen Hurts' $255 million contract sets an NFL record—and he got it with an all-women management team
▼ + stars: | 2023-04-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Of course, Hurts' strong performance over the past two seasons contributed to his landing the biggest contract in NFL history. But it also came down to his management team. Hurts is managed by an all-women management team from the sports agency Klutch Sports Group. And that's how I am on the field and off the field," Hurts told Sports Illustrated in August 2022. Lynn and the management team have continued breaking convention and setting records with this new deal.

Companies Deutsche Bank AG FollowNEW YORK, April 11 (Reuters) - A former Deutsche Bank AG (DBKGn.DE) investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors whom he wooed with promises of big returns from cryptocurrency trading. Rashawn Russell, 27, of Brooklyn, solicited investments from friends and colleagues but used the funds for gambling and other personal expenses, federal prosecutors said. According to the indictment, Russell was an investment banker from July 2018 through November 2021 at a financial institution that was not identified in the document. His LinkedIn profile states that he became a Deutsche Bank investment banking analyst in July 2018 and was promoted to associate in July 2020. Deutsche Bank said in a statement that while it would not comment on an ongoing legal proceeding, it "regularly supports law enforcement and regulatory oversight efforts, including appropriately responding to and cooperating with authorized investigations and proceedings."

☆ Ex-Deutsche Bank investment banker charged in U.S. with crypto fraud
▼ + stars: | 2023-04-11 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

NEW YORK, April 11 (Reuters) - A former Deutsche Bank AG (DBKGn.DE) investment banker has been charged in an indictment unsealed on Tuesday with misappropriating funds from investors who he wooed with promises of big returns from cryptocurrency trading. Rashawn Russell, 27, of Brooklyn, solicited investments from friends and colleagues but used the funds for gambling and other personal expenses, federal prosecutors said. According to the indictment, Russell was an investment banker from July 2018 through November 2021 at a financial institution that was not identified in the document. His LinkedIn profile states that he became a Deutsche Bank investment banking analyst in July 2018 and was promoted to associate in July 2020. U.S. prosecutors and regulators have been working to crack down on fraud involving digital assets.

☆ NBA roundup: Warriors hang 157 on Blazers, glide into playoffs
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +12 min

Shaedon Sharpe added 18 points to go with a team-high seven rebounds, while Jeenathan Williams had 17 points for Portland. New Orleans' Brandon Ingram had 42 points and 12 rebounds, CJ McCollum scored 23 points and Trey Murphy III had 20. Lindell Wigginton scored 17 points and Bobby Portis had 16 for the Bucks. Jaden Hardy led all scorers with 25 points, with Theo Pinson forging a triple-double (23 points, 13 rebounds, 12 assists) for the Mavericks. De'Aaron Fox, who scored 13 points, played less than 18 minutes.

☆ NBA roundup: Wolves take key step in play-in race with win
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +3 min

Jazz 118, Nuggets 114Rookie Ochai Agbaji scored a career-high 28 points and Utah concluded its home slate with a win over Denver in Salt Lake City. Kris Dunn finished with 19 points, 14 assists and eight rebounds for the Jazz. Kentavious Caldwell-Pope scored 21 points and Jamal Murray netted 20 in the loss for Denver, which had already clinched the No. Kevin Knox led the Trail Blazers with game-high totals in points (30) and rebounds (11). Shaedon Sharpe scored 26 points and Trendon Watford added 24 for Portland.

☆ NBA roundup: Nuggets belt Bucks in matchup of titans
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +4 min

Antetokounmpo was aggressive from the start, with 13 points in the first quarter and 24 at halftime. But the Bucks went 4:10 without a point in the fourth period as the Nuggets built a 20-point lead. Booker led six Suns scoring at least 13 points. Biyombo also grabbed a game-high 13 rebounds. Tyrese Haliburton added 19 points and 13 assists.

☆ Former Domino's CEO bought nearly $4,000 worth of pizza in a year
▼ + stars: | 2023-03-14 | by ( Grace Mayer | Nancy Luna | ) www.businessinsider.com time to read: +3 min

Former Domino's CEO Ritch Allison bought $3,919 worth of pizza in 2021, the Financial Times found. The former CEO was compensated for a nearly $4,000 personal pizza expense, the Financial Times reported, citing Domino's proxy filing from last year. As FT points out, the previous proxy shows Allison's nearly $4,000 in pizza in 2021 was relatively tame. During his tenure as CEO, Allison pushed innovation and a culture of risk-taking at the tech-forward company. Curious what $3, 919 gets you in Domino's pizza pies?

☆ Shortly After Selling Home to Russell Westbrook, Formula One Heiress Buys Again in Brentwood
▼ + stars: | 2023-03-09 | by ( Katherine Clarke | E.B. Solomont | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Following the sale of their Brentwood home, Formula One heiress Petra Ecclestone and her husband, Sam Palmer, have scooped up another property in the same neighborhood.

☆ Layoffs are still historically low, so why does it feel like everyone's losing their job?
▼ + stars: | 2023-03-09 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The layoffs and discharges rate in January was 1.1%, which remains historically low. While BLS data may show a low US layoff rate overall, tech layoff announcements are important, given Pollak said that tech and finance are "synonymous with Americans' aspirations generally." "Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added. Pollak told Insider that the layoffs at tech companies are "relatively small" and that "many companies also are not pursuing layoffs across the board." Despite the layoff rate being very low, job seekers may still be concerned about these headlines.

☆ NBA roundup: Red-hot Knicks outlast Celtics in double OT
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +10 min

Julius Randle added 31 points and nine rebounds for the Knicks, who also received 29 points and 11 rebounds from RJ Barrett. Jayson Tatum had 40 points, 11 rebounds and six assists for the Celtics, who have lost their last two home games. Bennedict Mathurin scored 17 points, Myles Turner added 16 and Chris Duarte had 15 for Indiana. Kelly Oubre Jr. scored 17 points for Charlotte, which dropped its third straight. Walker Kessler (17 points, 10 rebounds) and Kelly Olynyk (15 points, 10 rebounds) each had double-doubles in the loss.

☆ New documentary reveals how Jared Fogle led a 'double life' as a 'puppet master' who committed child sex acts while pitching sandwiches for Subway
▼ + stars: | 2023-03-05 | by ( Nancy Luna | ) www.businessinsider.com time to read: +9 min

Jared Fogle became Subway's pitchman after losing 245 pounds by mostly eating the chain's subs. He filmed over 300 ads for Subway before pleading guilty to child sex acts in 2015. Jared Fogle became a pop-culture icon after being tapped as the face of Subway in 2000. A random tip in 2015 finally exposed him as a child sex predator. Here are the most revealing highlights:Jared Fogle led a "double life," according to a documentary about his child sex crimes.

☆ ‘Leon Russell:’ Review: Ringmaster of Rock ’n’ Roll’s Circus
▼ + stars: | 2023-03-04 | by ( David Kirby | ) www.wsj.com time to read: +1 min

Most rock bios begin with 30 or 40 pages on their subjects’ early years and end with a look at what is often a retirement marked by neglect and what-ifs. Not this one. With “Leon Russell: The Master of Space and Time’s Journey Through Rock & Roll History,” Bill Janovitz gets right down to business, as did his subject: one of the most electrifying stage performers of his day, a chart-topping recording artist, and a singer/songwriter/keyboardist/guitarist/producer who worked with a pantheon that included many of the rock, pop, and country stars of our time. Leon Russell went to work early and never stopped. Never one to let his Brylcreemed good looks be marred by a piece of flying glass, Lewis told the frightened teens behind him to keep chooglin’ while he slipped out the back way and tore off into the night in his Caddy.

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