Telegram just announced a big change to how it’ll deal with some users’ data
Telegram CEO Pavel Durov announced that the platform will step up content moderation and work with authorities. Telegram is making some changes to its privacy stance, weeks after CEO Pavel Durov was arrested in France and after years of facing moderation and privacy issues. Durov outlined the changes in a post on Telegram on Monday.…
An ‘AI associate’ for PE firms just launched. Here’s a look at the pitch deck that helped it raise a $1.55 million seed round.
Mako’s team, Shivaal Roy (CTO & cofounder), Danny Goldman (CEO & cofounder), and Will Peng (founding engineer). Danny Goldman was up particularly late one night in 2021 as he worked on a deal regarding a company that sold technology to parking garages. As a former Bain and Co. consultant working with private-equity firms, he was…
Mark Zuckerberg is now worth $200 billion, putting the Meta CEO in the world’s most exclusive club
Mark Zuckerberg is now worth $200 billion. Mark Zuckerberg just joined a club that’s even more exclusive than the $100 billion club. Tesla’s CEO, Elon Musk, Amazon’s founder, Jeff Bezos, and now Meta’s CEO are the only people on the planet with net worths of $200 billion or more, according to the Bloomberg Billionaires Index.…
Stock market today: Indexes add to records as traders parse more economic data and Fed comments
Fed Governor Michelle Bowman was the lone dissenter on the central bank’s move to cut rates by 50 basis points. Stocks on Tuesday extended a winning streak that has pushed the Dow Jones Industrial Average and the S&P 500 to fresh records. Both indexes closed at all-time highs on Monday amid rising outlooks that the…
Morgan Stanley outlines the best-case scenario for stocks in the 4th quarter
The Federal Reserve nailed the rate-cut scenario that Morgan Stanley called its best-case result leading into the decision. Now it’s up to the labor market whether the firm can get its ideal fourth-quarter setup. Heading into last week’s announcement, Morgan Stanley was looking for a 50-basis-point cut that didn’t also stoke worries about unnecessary growth.…
The stock market rally risks sparking an unsustainable ‘melt-up’ as the economy overheats, market vet Ed Yardeni says
The Fed’s latest rate cut means there’s a bigger risk the US economy will overheat, market veteran Ed Yardeni said. Stocks run the risk of seeing an unsustainable, dot-com style melt-up, thanks to the Federal Reserve’s recent rate cut, according to market veteran Ed Yardeni. Speaking to Bloomberg on Monday, the Yardeni Research president pointed…
Buying a home just got more affordable for the first time in 4 years
An aerial view of homes in Atlanta, Georgia. US homebuyers are finally getting a bit of good news. The income buyers need to afford the median-priced home has dropped by 1.4% in the first annual decline since June 2020, a Redfin report said. Homebuyers now need an annual income of $115,454 to afford the median…
As interest rates drop, ultra-rich investors are giving up their cash for risk assets. Here’s what they’re buying.
September’s Federal Open Market Committee meeting rang in the first rate cut of this cycle with 50 basis points. It’s great news for borrowers. But on the receiving end of that are those who had been comfortably sitting on cash yielding upward of 5%. Now, they have to find a new place to park that…
TikTok has admitted defeat in music streaming
Niall Horan performed at TikTok’s live music event, TikTok In The Mix. TikTok is shutting down its music-streaming app, TikTok Music, on November 28. The app, which blends social features with music streaming, first launched in July 2023 in Indonesia and Brazil, later expanding into Singapore, Australia, and Mexico a couple of weeks later. It…
