The popular bar and grill chain files for bankruptcy protection to reorganize its business…
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9:16 AM PDT · June 20, 2025 African B2B e-commerce startup Sabi has laid off around 20% of its workforce (~50 employees) as it pivots from its original retail-focused platform to double down on a growing business in commodity exports. The layoffs, confirmed by the company on Thursday, are part of a broader restructuring aimed…
In Brief Posted: 8:32 AM PDT · June 20, 2025 Image Credits:David Paul Morris/Bloomberg / Getty Images Mark Zuckerberg’s AI talent hiring spree continues. In recent months, Meta tried to acquire Safe Superintelligence, the $32 billion AI startup co-founded by OpenAI’s former chief scientist, Ilya Sutskever, according to a report from CNBC on Thursday. Sutskever…
World Bank urges ‘radical’ debt transparency for developing countries
Stocks struggle, oil up for 3rd week as Trump weighs US action on Iran
Concerned citizens have turned to an app once used largely for lost deliveries to make public service announcements about ICE raids in their communities. Neighbors, an app originally designed for Ring doorbell users, is typically used by people looking for lost pets or missing packages. But last week, horrified by ICE raids in and around
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When Joe Kinvi joined Touchtech Payments in 2017 as head of finance, the Irish startup couldn’t afford his full salary. So he negotiated for stock to make up the difference. Eighteen months later, Stripe acquired the company, and that equity converted into Stripe shares, enough to let Kinvi leave his job, bootstrap a side project,…
Foreign investors trim US Treasury holdings in April after record highs