When Jay Chaudhry sold his first company for $70 million, he focused less on his own riches, he says — and more on how the deal could turn dozens of his employees into millionaires. Chaudhry, 65, is known today as the billionaire founder and CEO of Zscaler, a cloud...

65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million

New York State

New York Post

A New York state pension fund is facing nearly $30 million in losses after amassing a stake in CrowdStrike — just before the IT firm caused a global network meltdown that sent the company’s stock into a tailspin. 

The New York State Teachers’ Retirement System (NYSTRS) bought 197,462 shares in the Austin-based cybersecurity company in the second quarter of this year, according to its latest investor relations report.

That stake was worth more than $75 million on June 30, the filing shows, but a 38% collapse in  CrowdStrike shares since the July 19 debacle puts the current value at just...

NY pension fund bought $75M CrowdStrike stake just before global IT meltdown — faces loss of nearly $30M

San Francisco-based cross-border payments company Ripple announced on Friday that it had begun testing its USD-backed stablecoin on its native blockchain, XRP Ledger, and the second largest crypto network, Ethereum (ETH). Ripple revealed earlier this year that it would launch its own stablecoin as it forays into the $160 billion...

XRP Set For $160 Billion Market Shake-up As Ripple Kicks Off Testing Of Its Much-Hyped Stablecoin

It’s also a further indication that European VC is picking up after a lackluster couple of years following the ZIRP and post-COVID-driven bull-run of 2021 and 2022. Indeed, the London-based Balderton pointed to research that said European VC funds have outperformed VCs in the U.S. over 10- and 15-year periods, based on data from both Invest Europe and Cambridge Associates.

Euro VCs welcome Balderton’s fresh $1.3B but grumble about Europe’s AI misses

The US venture market continues a slow evolution by way of correcting expectations and valuations, “at least in some arenas of the market,” according to an update from PitchBook. Artificial intelligence and machine learning (AI & ML) is “driving interest across the strategy, with company valuations far outstripping...

AI and Machine Learning Are Driving Interest Across the US VC Market with Company Valuations Outstripping Other Verticals – Report

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

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52 Million XRP in 13 Hours – What's Going On?

Meme could could dominate the top 100, according to a former Goldman analyst. Former Goldman Sachs analyst Murad Mahmudov has predicted that more than 25 meme coins will make it to the list of the top 100 largest cryptocurrencies by market capitalization. Presently, there are seven meme cryptocurrencies in the...

Former Goldman Analyst Predicts at Least 25 Meme Coins in Top 100

Nvidia is dominating the AI revolution thanks to its GPU, data center, and software businesses. Outside of its core platforms, Nvidia has made a number of strategic AI investments to help open up new opportunities. Despite a meteoric rise in share price over the last year, the company's valuation multiples...

A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Stock Set to Soar 77%, According to 1 Wall Street Analyst

Popular on-chain analyst Willy Woo is predicting that Bitcoin (BTC) will ultimately hit a massive value for one key reason. Woo tells his 1.1 million followers on the social media platform X that Bitcoin could capture 3% of the total wealth assets and soar more than 975% from the current value.

Bitcoin To Explode by at Least 975% To Reach Ultimate Price, Says Analyst Willy Woo – Here’s the Timeline

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

The Independent

Post offices handled a record amount of cash in July, with transactions totalling £3.77 billion.July was the first time cash transactions have exceeded £3.7 billion, the Post Office said.The new record month is £200 million higher than a previous record high set in May 2024, when a total of £3.57 billion-worth of transactions was recorded.Business cash deposits topped £1.2 billion in a single month for the first time, at £1.24 billion, a total which was up by 10% month-on-month and by 9% annually.Personal cash deposits surpassed £1.5 billion in a single month for the first time, at £1.58 billion, which...

Post Office cash transactions hit record £3.7bn in July

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

The U.S. Securities and Exchange Commission (SEC) has reportedly subpoenaed at least three crypto venture capital firms in 2024. Citing a source familiar with the matter who wished to remain anonymous, DL News reports that three crypto VC firms received identical subpoenas from the SEC requesting any contract of token deals with investors.

SEC Subpoenas Crypto Venture Capital Firms in Potential Enforcement Actions Against Digital Asset Industry: Report

MicroStrategy purchased its first Bitcoin (BTC) stash on Aug. 10, 2020, becoming the first public-traded company to adopt the cryptocurrency as its primary treasury reserve asset. Four years later, the bold move has evolved into a defining strategy for the company that has outpaced even the returns of Warren Buffett's Berkshire Hathaway.

4 years in, MicroStrategy’s Bitcoin gamble beats Warren Buffett’s warning

North Carolina State

Town Talks

In North Carolina, the divorce process can be challenging, particularly due to the mandatory one-year separation requirement. This law mandates that couples must live separately for at least a year before filing for divorce, a rule that can be frustrating for many.

You might be granted a divorce in North Carolina if your spouse is ‘incurably insane.’ Here’s how

Reuters

NEW YORK (Reuters) - Citigroup's head of digital assets for its markets unit, Shobhit Maini, is leaving the bank after more than 14 years, according to an internal memo seen by Reuters.

Citigroup's head of digital assets for markets unit departs, memo says

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The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

New York-based financial giant BlackRock has warned about cryptocurrency scams. Financial behemoth BlackRock has issued a warning about cryptocurrency-related scams on its social media account. "We urge caution in dealing with individuals, websites or social media platforms using our brand and offering training or investments," BlackRock said. BlackRock has stressed...

BlackRock Issues Major Crypto Warning

This wasn’t at some informal, off-the-record gathering. It was on Redfin’s second quarter earnings call earlier this week, the kind of call where executives usually stick to blandly optimistic platitudes — a call that gets transcribed on investor relations websites. The real estate website’s earnings were better...

Redfin CEO promises to ‘drink our own urine’ if mortgage rates don’t fall

NewsBreak

a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash

In a LinkedIn post that was shared earlier Monday, founder and CEO Jason Brown said the “sad and difficult” decision to close down Tally was not...

a16z-backed fintech Tally, which raised $172M in funding, is shutting down after running out of cash

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