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☆ Cash App: Safety Features to Help Protect You From Scams
▼ + stars: | 2024-04-11 | by ( Business Insider | Cash App | ) www.businessinsider.com time to read: +5 min

Popular payment app scamsAccording to Cash App, some of the most common payment app scams include:Giveaways — Look out for giveaways that require you to complete a "test transaction" on a mobile payment app, especially using hashtags like #cashappgiveaway and #cashappfriday. Based on the specifics, they along with Cash App can advise you on what to do next. Don't forget, payments on Cash App are immediate and you should use caution when sending payments to individuals that you don't know. Can you reverse a Cash App payment you've already made? If your Cash App payment has already been completed, it can't be reversed.

Persons: it's, Cash, you've Organizations: Paypal, Security, Federal Trade Commission

Learn moreThe second batch of Champions League quarter-finals are live tonight and include two of the biggest teams in Europe. We've found multiple options on where to watch a free PSG vs. Barcelona live stream. Then get stuck in and enjoy this free Champions League live stream. Where to watch PSG vs. Barcelona in AustraliaThe Champions League is a Stan Sport exclusive in Australia and you can watch every game there. So, if you can get around all this, you can enjoy the best value Champions League live streams in the world.

Persons: We've, you'll, Stan, Stan Sport, ExpressVPN, you've, Stan Sport's, You'll, we've Organizations: Business, League, PSG, Atletico Madrid, Dortmund, City, Champions League, Barca, Belgian, RTL Club, Virgin Media, AWST ., BT Sport, TNT Sport, BT, TNT, Discovery, Amazon, Amazon Prime, Champions, Stan Sport, Sport, country's Champions League, Paramount Plus, Paramount, CBS, Netflix, PayPal Locations: Europe, Barcelona, Paris, Irish, Belgium, Ireland, AWST, Australia, USA

☆ Spain is about to make it much harder for wealthy foreigners to buy their way into residency
▼ + stars: | 2024-04-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Spain plans to end "golden visas" for non-EU citizens investing €500,000 in real estate. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSpain will no longer hand out "golden visas" to foreigners willing to pay big bucks for them. AdvertisementIn the last year, Ireland, the Netherlands, Portugal, and Greece have all shut down or tightened their golden visa programs for similar reasons. In 2018, New Zealand banned foreigners from buying existing homes following a housing affordability crisis, similar to Spain and Portugal's current situation.

Persons: —, Pedro Sánchez, Sánchez, it's, Peter Thiel, Meghan Morris Organizations: EU, Service, European Union, Associated Press, OECD, Investment, Henley & Partners Locations: Spain, Portugal, Greece, Ireland, Netherlands, Barcelona, Madrid, Valencia, Europe, New Zealand

☆ Here are RBC's favorite stocks as the second quarter gets underway
▼ + stars: | 2024-04-09 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

RBC Capital Markets has refreshed its top stock picks for the second quarter, adding a few new names that could be poised to rise. To that end, RBC made updates for the second quarter to its list of top 30 global ideas, which includes "high-conviction, long-term" stock picks. Fintech firm PayPal is a new addition to the RBC list for 2024. GFL Environmental is also a new addition to the RBC list, and the waste management stock has climbed 2.5% in 2024. GFL YTD mountain GFL Environmental stock.

Persons: Graeme Pearson, Daniel R, Perlin, GFL, Sabahat Khan, Khan Organizations: RBC Capital Markets, RBC, PayPal, Mastercard

Better yet, we've found multiple options on where to watch a free Real Madrid vs. Man City live stream. As mentioned in our regular guide to all the free Champions League live streams for games in every round, there are multiple options for tonight's game in Madrid. Then get stuck in and enjoy this free Champions League live stream. Where to watch Real Madrid vs. Man City in AustraliaThe Champions League is a Stan Sport exclusive in Australia and you can watch every game there. So, if you can get around all this, you can enjoy the best value Champions League live streams in the world.

Persons: we've, you'll, You'll, Stan, Stan Sport, ExpressVPN, you've, Stan Sport's Organizations: Business, Champions League, Real Madrid, League, Man, RTL Club, Belgian, AWST ., BT Sport, TNT Sport, BT, TNT, Discovery, Amazon, Amazon Prime, Champions, Stan Sport, Sport, country's Champions League, Paramount Plus, Paramount, CBS, Netflix, PayPal Locations: Real, Madrid, Belgian, Italian, Belgium, Italy, AWST, Australia, City, USA

☆ Strategas' Chris Verone gets technical with tech stocks
▼ + stars: | 2024-04-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategas' Chris Verone gets technical with tech stocksChris Verrone, Strategas Head of Technical Analysis, joins 'Fast Money' to talk the technical side of Apple, Paypal and more.

Persons: Chris Verone, Chris Verrone Organizations: Apple, Paypal

☆ Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle
▼ + stars: | 2024-04-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Jakub Porzycki | Nurphoto | Getty ImagesCrypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. dollar. The move would pit Ripple against stablecoin giants like Tether, which is behind the largest stablecoin UDST, and USDC issuer Circle. Payments giant PayPal , meanwhile, launched its own U.S. dollar stablecoin called PayPal USD, a stablecoin backed by U.S. dollars and dollar equivalents that is issued by crypto firm Paxos. watch nowTether is the market leader for stablecoins with a market capitalization of $106.3 billion, according to CoinGecko data. "In fact, the number one request we get from the XRP community is to launch a USD-backed stablecoin on the XRP Ledger."

Persons: Jakub Porzycki, Brad Garlinghouse, he's, Garlinghouse, Tether's, USDT, USDC, MoneyGram Organizations: U.S, SEC, Nurphoto, Getty, U.S ., PayPal, CNBC, Bank, FinCEN, Santander, U.S . Securities, Exchange Commission, Southern, of Locations: U.S, Europe, Asia, New York, Ireland, Singapore, of New York

☆ Enhanced Games Are Olympics With Steroids, Pay; Meet the Founder
▼ + stars: | 2024-03-31 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +14 min

Several countries pay bonuses to medal winners, and high-profile athletes may get brand deals and sponsorships, but many Olympic athletes live quiet lives. AdvertisementD'Souza suggested he received funding for the Enhanced Games in the "single-digit millions" but declined to specify the amount. So far, it's unclear what kind of talent Enhanced Games will attract. He said that at the Enhanced Games, athletes would get comprehensive health checkups to monitor the effects of "whatever enhancement protocols" they're on and ensure they're fit to compete. D'Souza said he planned to announce more details about the Enhanced Games this summer — right around the Paris Olympics.

Persons: Aron D'Souza, gymgoers, D'Souza, Thomas Bach, Bach, Uber, Christian, Christian Angermayer, Balaji Srinivasan, Coinbase's, Peter Thiel, Angermayer, Srinivasan, Thiel, Hulk, Charles Harder, Harder, didn't, Sargon, Peter, VCs, Thiel hasn't, he's, James Magnussen, James, he'd, Marta Nawrocka, BI's Gabby Landsverk, Jim Walden, Grigory Rodchenkov, it's, who'd Organizations: International, Olympic, IOC, West Germany's Olympic, The New York Times, Business, Apeiron Investment, University of Melbourne, Gawker Media, BuzzFeed, Gawker, Abrams, Australian Financial, US, Doping Agency, UFC, Drug Free, NFL, NBA, MLB, Testing Agency, ITA, CNN, FBI, Sports, Gaming Initiative, Paris Locations: Miami, Lausanne, Switzerland, Oxford, Australian, Russia

☆ ‘I am so scared of them now’: Burned from overspending, some ‘buy now, pay later’ users warn others away
▼ + stars: | 2024-03-30 | by ( J.J. Mccorvey | ) www.cnbc.com time to read: +8 min

But the $6,000 in BNPL loans she'd racked up over roughly two years felt frivolous, she said, especially because they're planning to buy their first home. Many are seeking cover from high credit card interest rates. After trimming her discretionary spending and sticking to home-cooked meals, she said she's been able to whittle down her BNPL debt to about $1,200. Klarna said it had responsible spending limits for its users, whose average outstanding balance is $150, compared to the more than $6,000 for credit card users. Baird, for her part, acknowledged BNPL services can make inflation and high interest rates feel "easier" for those who can keep their shopping impulses under control.

Persons: Tia Whiteside, Whiteside, she'd, Dyson, she's, Marcus, whittle, Ben Lourie, Lourie, aren't, I've, Amy Baird, Baird, Kevin Mahoney, Mahoney, —, Afterpay, Klarna, Sen, Sherrod Brown, Raphael Warnock, John Fetterman, Brown Organizations: LexisNexis, Solutions, University of California, UC Irvine, Singapore Management University, PayPal, Consumer Financial Protection Bureau, Financial, D.C, Sens, NBC News Locations: Greenville , South Carolina, Irvine, Stanford, Dallas, Washington, Ohio

☆ British Museum Sues Former Curator for Return of Stolen Items
▼ + stars: | 2024-03-27 | by ( Alex Marshall | ) www.nytimes.com time to read: +1 min

A judge has ordered a former curator who the British Museum says stole hundreds of artifacts to return any gems or jewelry from the institution that are in his possession. Officials also want Mr. Higgs to explain the whereabouts of other artifacts that they says the former curator sold online. The court documents state that Mr. Higgs disputes the accusations against him. At a High Court hearing in London, the presiding judge, Heather Williams, ordered Mr. Higgs to return any items within four weeks. Judge Williams also ordered PayPal, the online payments company, to disclose data relating to Mr. Higgs’s eBay accounts, including his transaction history.

Persons: Peter Higgs, Higgs, Heather Williams, Judge Williams Organizations: British Museum, eBay, PayPal Locations: London

☆ Laid-off techies face 'sense of impending doom' with job cuts at highest since dot-com crash
▼ + stars: | 2024-03-15 | by ( Alex Koller | ) www.cnbc.com time to read: +12 min

Last month's job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode. CNBC spoke to a dozen people who have been laid off from tech jobs in the past year or so about their experiences navigating the labor market. Additionally, some listings required applicants to have advanced degrees or professional experience in machine learning and artificial intelligence, a new development in Croisant's experience on the job market. "It is a combination of how well you brand yourself, about your access through networking to any given position — to the hidden job market." Still, Powers said she's trying to stay optimistic, "because giving up is not going to get me a job."

Persons: Ed Jones, Allison Croisant, Croisant, Roger Lee, Layoffs.fyi, Lee, I'm, Powers, who's, Tayfun, Christopher Fong, Fong, Michael Kascsak, Kascsak, It's, Lee of Layoffs.fyi, Amit Mittal, Amit Mittal Amit Mittal, Mittal, he's, Bill Vezey, —, Vezey, She's, would've, she's, Jennifer Elias Organizations: Afp, Getty, PayPal, Meta, Microsoft, eBay, Unity Software, SAP, Cisco, Wall, CNBC, Google, Anadolu Agency, Nationwide Locations: New York, Omaha , Nebraska, Comprehensive.io, Natchez , Mississippi, View , California, United States, Austin , Texas, U.S, who's, India, Chicago, Santa Cruz , California

☆ Refund fraud schemes promoted on TikTok, Telegram are costing Amazon and other retailers billions of dollars
▼ + stars: | 2024-03-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +14 min

The following month, 10 men were indicted in Oklahoma, charged with conspiracy to commit wire fraud for allegedly operating a refund fraud service named Artemis Refund Group. A thriving refund fraud marketFor every refund fraud service shut down by law enforcement, swarms of similar groups remain open for business. CNBC viewed several active refund fraud services on encrypted messaging app Telegram, each with thousands of followers. Zoom In Icon Arrows pointing outwards A Google form from an active refund fraud service explaining which stores it targets and how much it charges customers. Zoom In Icon Arrows pointing outwards A refund fraud service claims to have access to Amazon insiders in a Telegram post.

Persons: Stephanie Keith, Noah Page, Page, he'd, Ralph, —, Rick Owens, Sajed Al, Ralph Lauren, Uber, Maarej, Chris Black, Amazon, Al, they'd, Rekk, Cyril Noel, Tagoe, Noel, Louis Vuitton, scammers, Reddit, Brittany Allen, Allen, Remi Vaughn, Vaughn, she's, David Johnston, Johnston Organizations: Bloomberg, Getty, CNBC, National Retail Federation, Appriss, Amazon, Page, Riverside Press, Medianews, PayPal, Retailers, Artemis, Walmart, Apple, Nike, eBay, Saks Fifth, DoorDash, Google, MacBook, Mail, UPS, U.S . Postal Service, Al, Rekk, Gucci Locations: New York, Chattanooga , Tennessee, Reddit, TikTok, Eastvale, Michigan, Oklahoma, Chattanooga

Fintech giant Stripe revealed in its annual letter published on Wednesday that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022. By comparison, PayPal surpassed $1 trillion in total payment volume in 2021, 23 years after it was founded. Stripe is valued at $65 billion as of the company's latest tender offer completed last month. We wanted to ensure shareholders have access to liquidity that is why we did the tender offer last year, that's why we did the tender offer this year." "Things got a bit mad at the peak of 2021... startups are focusing on more profitable growth," Collison explained to Sorkin on "Squawk Box."

Persons: Patrick, John Collison, Andrew Ross Sorkin, Collison, Sorkin Organizations: PayPal, CNBC, YouTube

Former President Donald Trump and his allies on the Republican National Committee want to convince Tesla and SpaceX CEO Elon Musk to speak at the GOP convention in July, people familiar with the matter told CNBC. It is not clear if Trump or his allies have raised the idea with Musk. Musk previously voiced support for the Republican presidential candidacy of Florida Gov. "He said the other day, 'Oh, I've never voted for a Republican,' " Trump said at that rally. Thiel also said in that interview that Trump's presidential administration, which spanned January 2017 to January 2021, was "crazier" and "more dangerous than I thought."

Persons: Trump, Steve Bannon, Donald Trump, Elon Musk, Tesla, Joe Biden, sitdown, Nikki Haley, Trump's, Peter Thiel, Ronna McDaniel, Michael Whatley, Musk, Lara Trump, Biden, Ron DeSantis, Robert F, Kennedy Jr, I've, Musk baselessly, Thiel, Trump . Thiel Organizations: SpaceX, Tesla, Washington , DC, Republican National Committee, GOP, CNBC, Republican, Trump, Super, PayPal, Republican National Convention, RNC, Representatives, Florida Gov, Trump White, Democrats, U.S, Capitol, Truth, Biden, Facebook, Trump . Locations: Washington ,, Milwaukee , Wisconsin, Palm Beach , Florida, Carolina, Florida, United States, Paris, Texas, Georgia

☆ He prosecuted child sex predators. Now, he’s going after Meta for allegedly enabling them
▼ + stars: | 2024-03-08 | by ( Clare Duffy | ) edition.cnn.com time to read: +13 min

Meta, along with other major social media companies, faces growing scrutiny over the safety of young users on its platforms. But of the several lawsuits filed against Meta over child safety in recent years, none have focused as pointedly as Torrez’s case on alleged child sexual exploitation. In some cases, Torrez said he volunteered to take child abuse cases and to visit safe houses to conduct interviews with child victims. The New Mexico Attorney General's office alleges it found in an investigation of Facebook and Instagram accounts promoting sexualized images of minors. Meta also says it has removed hundreds of thousands of accounts, groups and devices for violating its child safety policies.

Persons: Raúl Torrez, Torrez, Presiliano Torrez, ”, Mark Zuckerberg, pornographers, General Raúl Torrez, Countess, ” Torrez, Zuckerberg, Frances Haugen, ” Meta, Obama, Meta, Rebecca Wright, —, Linda Atkinson, aren’t, “, New Mexico Attorney General's, Issa Bee, Issa, you’re, Nkechi Nneji, Evelyn Hockstein, Ann Olivarius, McAlister Olivarius Organizations: New, New York CNN, Facebook, Meta, Tech, Getty, CNN, Communications, ”, Harvard, London School of Economics, Stanford Law School, New Mexico Department of Justice, New Mexico Attorney, PayPal, National Center for, Force, Reuters, Bureau, US News Locations: New York, New Mexico, Torrez, Washington ,, Albuquerque, Mexico, ”, Bernalillo County, Torrez’s, United States

☆ These big Nasdaq stocks are trading at bargain-basement valuations
▼ + stars: | 2024-02-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Equities may be trading near their record highs, but there are still opportunities to buy some stocks at bargain-basement prices. To meet this criteria, the stocks had to have a trailing 12 month price-to-earnings ratio less than their five-year average. Additionally, the names also had to have a forward price-to-earnings ratio for the next 12 months that was below the Nasdaq-100's current 17.6. Here are the names that made the cut: PayPal , which has a forward price-to-earnings ratio of 12, was one name that made the list. Also on the list of stocks was pharmaceutical maker AstraZeneca , which has a forward price-to-earnings ratio of 13.7.

Persons: Dr Pepper, Kraft Heinz, —, Fred Imbert Organizations: Nasdaq, Dow Jones, CNBC Pro, PayPal, Research, Argus, AstraZeneca, Deutsche Bank, Cisco, Diamondback Energy

☆ Give us your nominations: CNBC is listing the world’s top fintech companies
▼ + stars: | 2024-02-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

For a second year, CNBC and independent research firm Statista are working together to identify the world's top fintech companies, to be named in a published CNBC report this July. Nominations are now open for the top global fintech companies list. You can check out last year's list of the top 200 fintech companies, which includes the likes of Chinese tech giants Ant Group and Tencent, U.S. fintech firms PayPal and Stripe, and European companies like Klarna and Revolut. In addition to the fintech list, CNBC is also launching a separate list showing the top insurance technology (insurtech) companies globally, planned to be published in August. Insurance has proven a market ripe for digital disruption, as a wave of new digital-native companies have done away with the paper-based processes that previously dominated the industry.

Organizations: CNBC, Ant Group, PayPal, Insurance

☆ SimpleClosure just landed more VC funding, and its a sign that another wave of startup shutdowns is likely on the way
▼ + stars: | 2024-02-27 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

Infinity Ventures's Jeremy Jonker, former head of corporate development and PayPal Ventures at PayPal, led the most recent funding round, joining investors including Michael Vaughn and Jon Pomerantz of Vera Equity and Rex Salisbury of Cambrian Ventures. "It's been sign up after sign up after sign up," he told Business Insider in an interview. SimpleClosure's funding round comes as more startups than ever are shutting down thanks to a tech-market downturn that's left plenty of companies in the lurch. 770 startups shut down in 2023, up from 467 the year before, according to data from cap-table management startup Carta. "More than half of our customers have been entrepreneurs who are already starting their next company," Yona said.

Persons: VCs, Jeremy Jonker, Michael Vaughn, Jon Pomerantz, Vera Equity, Rex Salisbury, Dori Yona, SimpleClosure, Yona, he's, couldn't, doesn't, there's, We've, what's Organizations: Business, PayPal, Cambrian Ventures, SimpleClosure, Carta Locations: fintech

☆ Here’s why a SCOTUS ruling on social media rules matters to so many people
▼ + stars: | 2024-02-27 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

It’s obvious enough that the legislation would affect those social media giants, who are challenging the laws’ constitutionality through industry trade associations. But in scrutinizing the laws’ scope and First Amendment impacts, justices from both sides of the ideological spectrum worried Monday that the legislation’s effects could spill far beyond major social media platforms. “We’re talking about the classic social media platforms, but it looks to me like it could cover Uber. Social media applications are seen on an iPhone in this photo illustration taken on 10 November, 2023 in Warsaw, Poland. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Andrew Caballero-Reynolds/AFP/Getty ImagesThat law permits social media users to try to sue platforms for violations.

Persons: CNN — Uber, —, Henry Whitaker, “, ”, Amy Coney Barrett, Sonia Sotomayor, Whitaker, Jaap Arriens, ” Whitaker, Sotomayor, Ketanji Brown Jackson, “ I’m, ” Jackson, Uber, Aaron Nielson, Barrett, ” Sotomayor, ” Nielson, ” Chris Marchese, ANDREW CABALLERO, REYNOLDS, Andrew Caballero, Reynolds, Neilson, ” Barrett, you’ve, Elena Kagan, you’re, Kagan Organizations: CNN, Facebook, YouTube, Web, LinkedIn, NetChoice Litigation, AFP, Getty, Texans, PayPal Locations: Texas, Florida, Warsaw, Poland, ” Texas, ”, Washington , DC, AFP, El Paso

☆ The two-letter word helping this lender buck the delinquency storm
▼ + stars: | 2024-02-27 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

But that’s not an accident,” Max Levchin, Affirm’s CEO and a co-founder of PayPal, told CNN in a recent interview. Levchin credits a willingness to say a two-letter word, one that’s not exactly associated with the surging BNPL industry, N-O. It’s that we are honest when we tell them, ‘Hey, we don’t think you should borrow right now.’”Affirm started saying “no” more often in the spring of 2022. That’s when Levchin started observing signs of “financial stress” as inflation surged and gas prices approached record highs. “Say you’re asking to borrow to buy an $800 TV and we really don’t think it’s healthy for you, financially…We can say, ‘That’s too much now.

Persons: “ We’re, that’s, ” Max Levchin, Levchin, “ It’s, ’ ”, ”, “, Max Levchin, Gross, we’ll, ” Levchin, it’s, BNPL, There’s Organizations: New, New York CNN, PayPal, CNN, New York Fed, Target, Walmart, Royal, American Airlines, NY Fed, Federal Reserve, Biden, Trump Locations: New York, Helsinki, Finland, Royal Caribbean, Covid

☆ An abrupt exit at a Goldman Sachs-backed crypto bank spotlights the industry's tug-of-war with regulators
▼ + stars: | 2024-02-26 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +13 min

Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.

Persons: —, Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal

☆ Peter Thiel doubles down on his program to pay kids not to stay in school
▼ + stars: | 2024-02-24 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

That's the message billionaire Peter Thiel is sending as he extends a fellowship program that offers $100,000 to students willing to skip college and develop a company instead. The PayPal founder started the program in 2010 with an initial group of 24 young people. Thiel has said he originally started the venture to prove that the American college system is not for everyone. Thiel told the Journal he decided to extend the program in part because he thinks American universities are now overly "woke," inspiring him to encourage young people to steer clear. "Our view is it's still an outside game, getting people out," Thiel told the outlet.

Persons: Peter Thiel, Thiel, That's, Larry Summers, Vivek Wadhwa, Wadhwa Organizations: PayPal, American, Stanford University, Harvard, Tech, Washington Post, Ivy

Learn moreThe remaining first legs of the last 16 continue tonight in the Champions League, and we've found multiple options on where to watch a free Napoli vs. Barcelona live stream. Then get stuck in and enjoy this free Champions League live stream. How to watch Napoli vs. Barcelona live stream with a VPNSign up for a VPN if you don't have one. Where to watch Napoli vs. Barcelona in AustraliaThe Champions League is a Stan Sport exclusive in Australia and you can watch every game there. So, if you can get around all this, you can enjoy the best value Champions League live streams in the world.

Persons: we've, you'll, You'll, Stan, Stan Sport, AWST, ExpressVPN, you've, Stan Sport's Organizations: Business, Champions League, League, Porto, Arsenal, Napoli, Belgian, RTL Club, BT Sport, TNT Sport, BT, TNT, Discovery, Amazon, Amazon Prime, Champions, Stan Sport, Sport, country's Champions League, Paramount Plus, Paramount, CBS, Netflix, PayPal Locations: Barcelona, Naples, Belgium, Austria, Luxembourg, Austrian, RTL2, Australia, USA

☆ Here's why Capital One is buying Discover in the biggest proposed merger of 2024
▼ + stars: | 2024-02-21 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

It's a chess move by one of the savviest long-term thinkers in American finance, Capital One CEO Richard Fairbank. Fairbank, who became a billionaire by building Capital One into a credit card giant since its 1994 IPO, is betting that buying rival card company Discover will better position the company for global payments' murky future. The deal, if approved, enables Capital One to leapfrog JPMorgan as the biggest credit card company by loans, and solidifies its position as the third largest by purchase volume. By 2027, the bank expects to add at least $175 billion in payments and 25 million of its cardholders onto the Discover network. The Discover network alone would be worth up to $6 billion if sold to Alphabet, Apple or Fiserv , Sakhrani wrote Tuesday in a research note.

Persons: Richard Fairbank, Marvin Joseph, It's, Fairbank, Sanjay Sakhrani, Sakhrani Organizations: Washington Post, Getty, Capital, Discover Financial, U.S, JPMorgan Chase, Independence, Discover, JPMorgan, Visa, Mastercard, American Express, One's, PayPal Locations: Wall, U.S

☆ It seems some tech leaders are coming back to San Francisco
▼ + stars: | 2024-02-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Some tech leaders are returning to San Francisco, The Wall Street Journal reported. San Francisco's commercial real estate market is also getting a boost from the AI boom. AdvertisementIt seems like San Francisco is luring some tech bosses back after a pandemic-induced exodus. Now, he plans to spend one week a month in San Francisco and is renovating a house in the city, The Journal reported. Meanwhile, San Francisco has grappled with a homelessness problem and shifts in crime patterns.

Persons: —, San, Keith Rabois, cofounders Henrique Dubugras, Pedro Franceschi, Howie Liu, Rabois, Elon Musk, Sam Altman Organizations: Street Journal, Service, The, Meta, PayPal, California Globe Locations: San Francisco, Miami

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