President Trump suggested on Friday that he was open to sharply reducing the tariffs that the United States had imposed on China, as American and Chinese negotiators prepare to meet in Switzerland this weekend for high-stakes trade talks. Trade tensions between the United States and China have roiled international markets and the global economy. The […]
It is really tough, I think, to be in any environment where you’ve let your customers down when you’re customer-centric. And if anything, Sonos is customer-centric. It’s doubly hard when you work and you don’t understand the relative priority of your contribution. And we’ve really reset that ladder thing as much as the former thing, […]
It was a Russian war spectacle designed to instill pride at home, impress allies and intimidate foes. The military parade on Friday in Moscow marking the 80th anniversary of the Soviet victory over Nazi Germany was Russia’s most expansive celebration of the holiday in years, and it achieved at least the first two goals. More […]
Data center operator CoreWeave is reportedly seeking a $1.5 billion debt deal after a disappointing IPO. According to the Financial Times, CoreWeave is holding a roadshow this week with bankers at JPMorgan for debt options. The company’s executives intend to use the meetings to gauge investor interest. New Jersey-based CoreWeave listed its shares in March, […]
American cardinals of the Roman Catholic Church described the historic papal conclave that concluded this week as relatively easy, with no arm-twisting or overt politicking. When their work was done — and as the outside world waited to learn the new pope’s identity — the cardinals inside the Sistine Chapel “went wild,” one recalled on […]
HR tech startup Rippling has raised a $450 million Series G round at a $16.8 billion valuation, the company confirmed to TechCrunch. It is also conducting a $200 million tender offer to give current and former employees some liquidity. The equity raise marks a big jump in valuation from a year ago. In April 2024, […]
The mayor of a small Mexican town has been accused of colluding with one of the country’s most violent drug cartels to operate a recruitment and training center that was uncovered in March. The mayor, José Asunción Murguía Santiago was charged with organized crime offenses and forced disappearance, prosecutors said at a hearing on Friday. […]
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was busy for startups: While there were no IPOs of note, there were other exits and even unusual liquidity events, as well as a significant […]
Leo XIV, the first pope from the United States, presided over his first Mass as leader of 1.4 billion Roman Catholics on Friday, pledging to align himself with “ordinary people” and not with the rich and powerful. He also called for missionary outreach to help heal the “wounds that afflict our society.” The election of […]
DeepSeek has gone viral. Chinese AI lab DeepSeek broke into the mainstream consciousness this week after its chatbot app rose to the top of the Apple App Store charts (and Google Play, as well). DeepSeek’s AI models, which were trained using compute-efficient techniques, have led Wall Street analysts — and technologists — to question whether the U.S. can maintain its […]