Laid-off tech workers who launch startups could be year’s big winners

Tech giants are busy laying off workers and reducing office space. In the process, they might also be setting in motion the emergence of new entrepreneurs and startups—who will be able to collaborate in suddenly affordable prime commercial real estate. Angel investor Jason Calacanis predicted on the All-In podcast that the big business winners of … Read more

Several Top Rivian Executives Depart the Electric-Vehicle Startup

Several Top Rivian Executives Depart the Electric-Vehicle Startup

FTX Founder Sam Bankman-Fried Says He Can’t Account for Billions Sent to Alameda

Markets Currencies Cryptocurrency Entrepreneur says he had little insight into workings of trading firm even though he owned 90% of it

TuSimple Fires CEO Xiaodi Hou Amid Federal Probes

TuSimple Fires CEO Xiaodi Hou Amid Federal Probes

Elon Musk says Twitter will eventually be part of ‘X, the everything app’

Elon Musk has a new plan for Twitter Inc. after giving up a legal battle and agreeing to pay $44 billion for the company Tuesday. ““Buying Twitter is an accelerant to creating X, the everything app”” — Elon Musk That tweet was Musk’s first public statement Tuesday about the decision, which was revealed in a … Read more

‘We’ve been to London, Rome and Lisbon’

My wife and I love to travel. In the five years that we’ve been together, we’ve made many unforgettable memories during our trips abroad. But in July 2021, we took a Greek Isles cruise for my wife’s 49th birthday that truly changed our lives. As we sat in our ocean view cabin, we talked about … Read more

Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing

At Rivian Automotive Inc.’s factory in Normal, Ill., life is anything but. Car factories around the world routinely churn out models around the clock. About eight months after production on Rivian’s electric trucks started, executives recently marked a milestone in uninterrupted work days: The company’s plant ran at full speed for an entire 10-hour work … Read more

HSBC Europe boss Lisa McGeough on the bank’s new ‘Dragons’ Den’ and why the poaching risk is waning

When Lisa McGeough joined HSBC in July last year to lead its European investment bank, she faced a task of continuing to turn the business around as she took the reins from bank veteran Philippe Henry, who retired after 32 years at the UK lender. Europe had felt the brunt of a number of cuts … Read more

Netflix ‘Is it Cake’ contestant Justin Ellen makes 6-figures in business

When Justin Ellen received a “random” direct message on Instagram asking if he would like to be part of a Netflix show called “Is It Cake?” — he thought it was “very sketchy.” It was only when they said there was an interview that he realized, “OK, it’s legit,” said the youngest contestant of the … Read more