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Key Takeaways: Despite the U.S. dollar’s year-to-date slump and increasing pressure from global currency traders, Goldman Sachs’ Kunal Shah says shorting the dollar could prove costly. The Co-CEO of Goldman Sachs International (GSI) believes recent market dynamics and macroeconomic resilience reinforce the greenback’s strength — and a pullback could leave dollar bears exposed. Dollar Declines,…
Key Takeaways: Goldman Sachs and Bank of New York Mellon (BNY Mellon) have created a platform for tokenized money market fund investments. The initiative enables large investors to access digital versions of traditional cash-equivalent funds, recorded on Goldman’s blockchain ledger. Major Fund Managers Join the Blockchain Push Backed by heavyweights like BlackRock, Fidelity Investments, Federated…
Key Takeaways: Tesla shares dropped sharply on Thursday after the electric vehicle maker reported disappointing second-quarter results and warned of further turbulence ahead. CEO Elon Musk signaled that the company could face “a few rough quarters” following the expiration of key federal EV tax credits and amid mounting global competition. Auto Sales Slide Amid Intensifying…
Key Takeaways Venture capital giant Andreessen Horowitz (a16z) has invested in Poseidon, a startup building a decentralized data infrastructure aimed at solving one of AI’s most pressing challenges: access to high-quality, legally compliant training data. Poseidon raised $15 million in a seed funding round to build its “full-stack decentralized data layer,” developed atop the IP-centric…
The US job market delivered a stronger-than-expected performance in June, adding 147,000 jobs and pushing unemployment down to 4.1%. However, beneath the headline numbers lies a more complex picture of economic uncertainty driven by the Trump administration’s trade and immigration policies. Job Growth Concentrated in Select Sectors Despite beating expectations of 117,500 new jobs, the…
The SoWa Power Station in Boston becomes the epicenter for early-stage innovation as TechCrunch AllStage 2025 brings together founders, investors, and startup experts for a day of clarity, strategy, and connection. Tailored for the unique chaos of building a startup, AllStage is the go-to event for those navigating fundraising, product-market fit, hiring, and marketing —…
The landscape of online search in the United Kingdom is poised for a significant shake-up as the Competition and Markets Authority (CMA) consults on a proposal to grant Google “strategic market status” (SMS). This designation, empowered by the newly enacted Digital Markets, Competition and Consumers Act, signals a serious intent from UK regulators to curb…
The highly anticipated collaboration between OpenAI, the artificial intelligence powerhouse behind ChatGPT, and Jony Ive’s design firm io, is taking clearer shape, though its final form remains shrouded in mystery. Recent legal filings in a trademark dispute with Google-backed startup iyO have offered a rare glimpse into the companies’ ambitious quest to build a mass-market…
Amazon announced on Tuesday its plan to expand Same-Day and Next-Day Delivery services to over 4,000 small cities and rural towns across the United States. The move is part of a larger $4 billion initiative to significantly scale its logistics network by 2026, aiming to meet rising consumer expectations for fast, reliable delivery—even in remote…
Digital Asset, the lead developer behind the privacy-enabled Canton Network, has raised $135 million in a strategic funding round, the company announced Tuesday. The round was led by DRW Venture Capital and Tradeweb Markets, with participation from major institutional players such as Goldman Sachs, BNP Paribas, Citadel Securities, Circle Ventures, Paxos, and Polychain Capital. The…