Harry Stebbings, founder of 20VC, says billion-dollar firms aren’t built on five-day work weeks.20VCVenture capitalist Harry Stebbings faced a wave of backlash in June after urging European startup founders to increase their work hours — but he now admits there’s some room for nuance when applying his mantra.Stebbings, founder of 20VC, a firm managing $650 million in funds, advised founders on LinkedIn last month that “7 days a week is the required velocity to win right now,” to compete with startups in Silicon Valley and China.The post went viral, to Stebbings’ surprise, and sparked a debate on whether China’s brutal…
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JPMorgan Chase may have moved too high too fast this year, according to HSBC. The firm downgraded JPMorgan to reduce from hold. Its new price target of $259 implies more than 11% downside for the stock from Monday’s close. “While we continue to see the JPMorgan maintaining best-in-class profitability and leadership positions across its businesses, we think the bar is high for JPMorgan and we struggle to justify the current valuation,” analyst Saul Martinez wrote in a note. JPM YTD mountain JPMorgan Chase stock in 2025. “To us, upside to JPMorgan’s share price from current levels over a multi-year period…
ST. PAUL, MN. – MARCH 2024: Sen. John Hoffman, DFL-Champlin Wednesday, March 6, 2024, St. Paul, Minn.Star Tribune Via Getty ImagesThe Minnesota state senator who, along with his wife, was among the first victims in a June shooting spree that took the life of a fellow lawmaker was released from intensive care.Sen. John Hoffman is out of a hospital intensive care unit, his wife, Yvette Hoffman, who was released five days after she was treated for injuries sustained in the June 14 attack, confirmed Monday.Bess Ellenson, a spokesperson for the couple, said in a statement, “I can confirm John is out of…
Union Jack and French flags are are displayed down The Mall in London on July 6, 2025, ahead of a state visit by French President Emmanuel Macron and his wife Brigitte Macron, on July 8, 2025. Benjamin Cremel | Afp | Getty ImagesFrench President Emmanuel Macron is set to begin a three-day state visit of pomp, pageantry and political showmanship in the U.K. on Tuesday — but it’s U.S. President Donald Trump’s unpredictable global tariffs threats stateside that are likely to overshadow the red carpet.Macron and his wife Brigitte will be hosted by King Charles III and Queen Camilla at…
Hartsfield-Jackson Atlanta International Airport is, once again, the busiest airport in the world.The airport, which is Delta Air Lines’ largest hub, processed more than 108 million passengers in 2024, according to a report published today by Airports Council International World.However, that’s still some 2% fewer passengers than the airport processed in 2019.The number of passengers at the second-busiest airport in the world — Dubai International Airport — climbed nearly 7% last year from pre-pandemic levels, the ranking showed.The airport also tops a separate list that analyzes airports that process the most international passengers. In 2024, some 92.3 million passengers —…
In a Monday interview with CNBC’s Jim Cramer, CoreWeave CEO Michael Intrator described what makes his company different from peer Oracle.”Oracle has its own set of products that they’re offering, and they are a formidable competitor,” Intrator said, explaining that CoreWeave competes with Oracle in the artificial intelligence infrastructure space. “From our position, we really believe that over time, what’s going to differentiate us from anyone else is the … software stack that drives the performance that we’re able to achieve on our infrastructure.”According to Intrator, CoreWeave built its software stack from scratch and made decisions based on optimization. He…
A woman holds a cell phone featuring the DeepSeek logo, with the Nvidia logo displayed in the background. Nurphoto | Nurphoto | Getty ImagesAs China and the U.S. compete in artificial intelligence, Southeast Asia should draw from the best of both countries while building its own technologies, panelists said at CNBC’s East Tech West 2025 conference on June 27 in Bangkok, Thailand.Julian Gorman, head of Asia-Pacific at mobile network trade organization GSMA, said it would be a negative development if Southeast Asia was forced to pick a side. “Southeast Asia is very dependent on both economies, both China and America. I…
After an overhaul of the United credit cards earlier this year, The New United Quest℠ Card (see rates and fees) is now offering its best-ever welcome bonus.New cardholders can earn 100,000 United MileagePlus® bonus miles and 3,000 Premier Qualifying Points (PQP) after spending $4,000 on qualifying purchases in the first three months of opening an account.While the exact value of your United MileagePlus miles might vary since United uses dynamic pricing on their reward flights, 100,000 points can still give you plenty of choices when cashing in. Plus, the card’s numerous statement credits and perks for United travelers gives you…
Jane Street has told staff it will contest a ban by India’s financial regulator which has accused the U.S. high-frequency trading giant of market manipulation.Nurphoto | Nurphoto | Getty ImagesJane Street has told staff it will contest a ban by India’s financial regulator which has accused the U.S. high-frequency trading giant of market manipulation, adding that its practices in question were “basic index arbitrage trading”.Jane Street said it was “beyond disappointed” by what it called “extremely inflammatory” accusations from the Securities and Exchange Board of India (SEBI) and is working on a formal response, according to an internal email sent to employees over the weekend that was seen by Reuters.The email did…
U.S. President Donald Trump and First Lady Melania Trump on the South Lawn of the White House on July 4, 2025, in Washington, DC. U.S.Eric Lee | Getty Images News | Getty Images Paramours wanting to court each other have, through the decades, moved on from love letters to Instagram DMs.But some form of that epistolary tradition remains today in the stately realm of politics. U.S. President Donald Trump revealed Monday that he had written letters to the leaders of 12 countries, informing them of new tariff rates due to begin on Aug. 1.Upon first reading, the letter is enough…
