An institutional investor is suing Amazon and its board, including founder and executive chairman Jeff Bezos, over hefty launch contracts they awarded to Bezos’ space company, Blue Origin. The suit, filed by Amazon shareholders the Cleveland Bakers and Teamsters Pension Fund, alleges that the board spent less than 40 minutes approving the launch agreements for…
Most of the tenets that helped capitalism take root and thrive in California two centuries ago are still in place today. The Golden State didn’t invent venture capital, incubators for young talent or higher education partnerships, but just like chardonnay and cannabis, these are concepts we improved upon and commodified for export. It’d be simplistic…
The multi-million dollar disaster is back for a do-over. What could go wrong…
Here’s what could happen to Tesla’s stock price next…
French startup Teale has secured a funding round of $11 million earlier this summer (€10 million). The company provides a mental health platform for employees and helps HR managers when it comes to preventing burnout or quiet quitting. Alter Equity and Bpifrance’s Digital Venture fund are leading the Series A funding round. Existing investors Isai…
Manhattan federal prosecutors and the Securities and Exchange Commission are separately investigating the use of Tesla funds to bankroll a secret project that is described internally as a glass house for CEO Elon Musk, according to a report from the Wall Street Journal that cites people familiar with the matter. WSJ reported in July that…
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The Ukrainian military launched a massive drone attack on six regions in Russia overnight Wednesday, according to Russian state media, making it the largest drone attack by Ukraine on Russian soil in 18 months.Drone strikes reportedly targeted four regions south of Moscow — Kaluga, Ryazan, Bryansk and Oryol — as well as the Moscow region…
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