These sports startups raised millions in VC funding last year in areas from new leagues to women’s sports
Women’s sports are one area that’s seeing a lot of money flow from PE and VC investors. New leagues, women’s teams, and youth and amateur sports are reinvigorating the sports startup landscape. Venture capital funding for US sports startups rebounded last year, with an estimated 119 deals worth a total of $880 million, according to…
5 Goldman Sachs employees share what it’s like to work at the firm’s fast-growing hub in Dallas
In 2017, Goldman Sachs’ president and co-chief operating officer, David Solomon, had a big ask of one of his fellow bankers: Move to Goldman’s outpost in Dallas, Texas. At the time, Dallas was home to roughly 900 Goldman employees, and the bank hadn’t had a full-time partner stationed there since the 1990s. The lifelong New…
It’s a tough time for consulting globally. In big-spending Gulf states, not so much.
Saudi Arabia is spending big on consultants to help realize its national vision. Recent years have been tough for the consulting business. Growth has plummeted in some key markets, and the challenging economic climate has led to layoffs and restructuring at major firms. But one region is proving to be a consulting bright spot. International…
Why Paul Singer, the octogenarian founder of $72 billion Elliott Management, does not have fun at work
Paul Singer, the founder of Elliott Management. Paul Singer, the founder of the $72 billion hedge fund Elliott Management, has made a fortune out of being stressed. The billionaire, who launched his firm in 1977 and has famously lost money in only two years of a nearly half-century of investing, is famous for being worried…
These charts show why Netflix is chasing more live sports — and its key challenge
Jake Paul beat 58-year-old Mike Tyson in a highly-viewed Netflix live event. Live sports are paying off for Netflix, new subscription data shows. The company had big spikes in daily signups during major live events last year, according to media-subscription research firm Antenna. These included the Jake Paul vs. Mike Tyson fight and NFL games…
Here’s how much you’ll pay in taxes if Trump’s cuts get extended
President-elect Donald Trump’s 2017 tax package is set to expire in 2025. Americans could see their tax bill change next year as a legislative battle looms. Many provisions from President-elect Donald Trump’s major tax package from his first term, 2017’s Tax Cuts and Jobs Act, are set to expire this year. The legislation lowered tax…
The CEO of Workday says DOGE offers ‘tremendous opportunity’ for the software company
Workday’s CEO said government IT systems are inefficient and present a big opportunity for the company. Workday sees a “tremendous opportunity” with DOGE, the software company’s CEO said on Tuesday. “If you want to drive efficiency in the government, you have to upgrade your systems and we find that as a really rich opportunity,” Eschenbach…
The high price of going cheap Forever 21 and Billabong built their business selling low-cost clothes. Then Shein came along.
One of America’s greatest love affairs is with cheap stuff. Yes, consumers generally want things to come fast, and sure, they’d like them to be of decent quality — but above all, what they really care about is the price tag. Many retailers understand this obsession and are eager to cater to price-sensitive customers. But…
Slack is having issues — it’s not your internet
Slack experienced issues on Wednesday morning. Your colleagues aren’t ignoring you — Slack has been experiencing issues today. Many users of the popular workplace communication platform were unable to log in or message for multiple hours on Wednesday. At 10:27 a.m. ET, Slack said it was “investigating reports of trouble connecting or loading Slack.” “We’re…
