Author: arthursheikin@gmail.com

[ad_1] Stay informed with free updatesSimply sign up to the Financial services myFT Digest — delivered directly to your inbox.A group of tech billionaires led by Palmer Luckey, co-founder of military contractor Anduril, is preparing to launch a US bank intended to fill the gap left by Silicon Valley Bank serving start-ups, including cryptocurrency businesses.To be named Erebor, the bank would be backed by high-profile tech investors including Joe Lonsdale, the founder of venture capital firm 8VC and a co-founder of Peter Thiel’s defence group Palantir, according to people familiar with the matter. Thiel’s venture capital fund, Founders Fund, would also be…

[ad_1] 2025-07-01T21:22:29Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. If you’re under 30, there’s a good chance you’re borrowing someone’s streaming service password. A Pew survey shows many streaming moochers are hiding, despite crackdowns from Netflix and Disney. This means there are tons of freeloaders left for major media companies to target. Young people are avoiding the streaming password-sharing crackdown…

[ad_1] The social platform X will pilot a feature that allows AI chatbots to generate Community Notes. Community Notes is a Twitter-era feature that Elon Musk has expanded under his ownership of the service, now called X. Users who are part of this fact-checking program can contribute comments that add context to certain posts, which are then checked by other users before they appear attached to a post. A Community Note may appear, for example, on a post of an AI-generated video that is not clear about its synthetic origins, or as an addendum to a misleading post from a…

[ad_1] An opportunity is taking shape within the world of tax-free bonds – and it may offer investors some outperformance if they’re careful. Municipal bonds are beloved by high income investors as they spin off interest income that’s free of federal taxes. They’re also tax-exempt on a state basis if the investor resides in the issuing state – a feature that can provide meaningful savings in high-tax locales like New York and California, where top income tax rates are 10.9% and 13.3%, respectively. Retail investors have also been jumping into the space as of late, with Vanguard’s Tax-Exempt Bond ETF…

[ad_1] As the youngest child and only girl in my family, I rarely had to share anything — not my toys, not my clothes, and definitely not my room.That early autonomy shaped my idea of what defined a perfect living situation: I love being able to move through my space however I want without compromise.Over the years, I prioritized living alone and thankfully escaped college without any roommate horror stories.When I moved to Mexico City at 30, I continued this independent lifestyle until one day, my best friend here, Adalia, floated the idea of living together.Amid a rising cost of…

[ad_1] AI-native startups are rewriting the rules of what early traction looks like — and too often, investors are still playing by the old ones. At TechCrunch All Stage, happening in Boston on July 15, Kleida Martiro, partner at Glasswing Ventures, will lead a breakout that cuts straight to the core of this disconnect. Her session, Winning Capital in a Competitive Market: How to Fund Your AI-Native Startup, on the Foundation Stage, explores how early-stage AI founders can frame their growth story in a way that resonates with forward-thinking investors — and filter out the ones still stuck in SaaS-era…

[ad_1] Anthropology, physics, and computer engineering grads have had a rough time in the job market.The Federal Reserve Bank of New York analyzed the unemployment rates of recent college graduates, defined as 22- to 27-year-olds with a bachelor’s degree or higher, by major. The analysis used data from the Census Bureau’s 2023 American Community Survey covering 73 majors and subject groups.Twenty-eight majors had unemployment rates above the overall 3.6% rate for recent grads. The kinds of majors with the highest unemployment rates were mixed, with several related to arts, technology, or science. Recent anthropology graduates had a rate of 9.4%,…

[ad_1] Can you hear “The Last Great American Dynasty” playing in the distance?There are many historical mansions on Long Island, but only one was once owned by the legendary Vanderbilt family. The 42-acre estate of William Kissam Vanderbilt II, which included his summer “cottage” of Eagle’s Nest, is now a museum that’s open to the public.Eagle’s Nest was first built in 1910 as a small cottage, but as William II spent more time there, it expanded until 1936, when a full redesign was finished; it had become a 24-room Spanish Revival mansion.William II spent time at Eagle’s Nest until his…

[ad_1] I believe Shake Shack is on the attack for a continuation to and through all-time highs, possibly once and for all. I last wrote about SHAK in February of last year and first added this company to our growth portfolio on Feb. 2, 2024. It’s been a volatile ride since then, as the company navigates expansion in a competitive fast casual dining space, as well as a rich valuation that has some reluctant to chase into all-time highs. Looking at the weekly chart, first we see a third attempt since 2021 to break through the $140 region. Looking at…

[ad_1] Fed Chair Jerome Powell effectively told President Trump on Tuesday that he’s his own worst enemy in his crusade for rate cuts.He was speaking specifically about the tariffs Trump has announced and implemented, blaming them for the lack of rate-cut activity.”We went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said at a European Central Bank panel.Keeping inflation in check is ultimately what the Fed is focused on when deciding whether to adjust interest rates. And while recent…