One of the most popular acronyms in Silicon Valley these days is SPV.It stands for special purpose vehicle. In tech startup land, it’s a type of investment fund that typically involves concentrating all of its assets in one company. SPVs have blown up in recent years as investors clamor to get a piece of hot startups with valuations often in the tens of billions of dollars.But buyer beware. Investors are warning of hidden fees, unclear rules about ownership, and marketing that’s driven by FOMO, or the fear of missing out.Traditional venture capital funds spread risk across a portfolio of startups,…
Author: usaeverydaylife
MARS, Pa. — It’s just after lunch on a snowy January day, and the math teacher in Room 222 is sketching Pascal’s triangle on the whiteboard.Andy Bednar did not go to Cornell to teach advanced algebra. He went there to pitch for the baseball team, kick for the football team and study civil environmental engineering. But after spending his 20s sampling soil and groundwater around landfills, Andy, the son of a Pittsburgh steelworker, wanted a job that gave him more time with his kids. So he got his teaching certification and eventually landed this job at Mars Area High, teaching…
An Algerian French writer whose arrest in Algeria on accusations of undermining national unity and security inflamed tensions with France was sentenced to five years in prison on Thursday.The writer, Boualem Sansal, who was born in Algeria and became a French citizen last year, was arrested in November because of statements he made to French news media siding with Morocco in a territorial dispute with Algeria.His detention raised an outcry from other authors worldwide, and his sentencing came after months of pleas for his freedom from the French president, Emmanuel Macron. France was once Algeria’s colonial ruler.Mr. Sansal was tried…
There is an end in sight to Nvidia’ s recent rough patch, and that means now could be a plum buying opportunity for shares of the artificial intelligence darling, according to Bank of America. “[W]e believe the stock is providing a particularly attractive opportunity for one of the most unique, high-quality tech franchises leading the largest and fastest growing secular trends,” analyst Vivek Arya wrote in a Wednesday note. The firm’s buy rating and $200 per share price target imply nearly 76% upside from Wednesday’s close. Shares have pulled slipped more than 15% so far in 2025. March has been…
Niche ocean carrier Atlantic Container Line is warning the fines the U.S. government is considering hitting Chinese-built freight vessels with would force it to leave the United States and throw the global supply chain out of balance, potentially fueling freight rates not seen since Covid.”This hits American exporters and importers worse than anybody else,” said Andrew Abbott, CEO of ACL. “If this happens, we’re out of business and we’re going to have to shut down.”The United States Trade Representative held its second day of this week’s hearings on the fines that would be levied under Section 301 of U.S. trade…
Chevrolet Silverado trucks at a Chevrolet dealership in Vallejo, California, US, on Monday, March 3, 2025. Bloomberg | Bloomberg | Getty ImagesPresident Donald Trump’s steep new tariffs on imported cars will likely jack up prices for U.S. buyers of both foreign and locally made vehicles, according to Wall Street analysts.Trump on Wednesday said he will slap 25% tariffs on imported passenger vehicles and light trucks, as well as on key auto parts including engines, transmissions and powertrain components.Prices that consumers pay on the lot could increase by $4,000 to $15,000 per vehicle, depending on how much of the car is imported,…
On Jan. 9, Ubisoft said it was postponing the launch of “Assassin’s Creed Shadows” and had appointed advisors to review strategic options.Ina Fassbender | AFP via Getty ImagesUbisoft on Thursday announced that it’s creating a new gaming subsidiary with Chinese technology giant Tencent investing 1.16 billion euros ($1.25 billion) into the unit.The subsidiary will focus on Ubisoft’s best-known games brands, including Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six, according to the company.It will “focus on building game ecosystems designed to become truly evergreen and multi-platform,” Ubisoft said in a press release Thursday.”Backed by greater investment and boosted creative…
Years before it became obvious that Alex Ovechkin was going to smash the NHL’s all-time goals record, he had an unbroken five-season run leading the league in power-play goals.The 101 pucks he pumped home with the man advantage over that stretch, from 2012-13 to 2016-17, prompted opponents to significantly adjust how they gameplanned around him. And how the Washington Capitals superstar adjusted back offers a pretty good window into why he now finds himself knocking at history’s door.“His game, it really changed within that period because teams started on the penalty kill just standing a guy by him,” former Capitals…
Ukraine’s President Volodymyr Zelenskyy reacts as he delivers a press conference at the headquarters of French national public television broadcaster “France Televisions” in Paris, on March 27, 2025. Julien De Rosa | Afp | Getty ImagesPresident Volodymyr Zelenskiy said on Thursday Russian artillery had damaged Ukraine’s energy infrastructure in the front-line city of Kherson, two days after the U.S. announced that each side had agreed to a truce on energy strikes.”Two days ago, there was a night when there were no strikes on the energy sector, today energy infrastructure in the city of Kherson was damaged by Russian artillery,” Zelenskiy said…
Check out the companies making headlines in midday trading. Auto stocks — Major automobile manufacturers slipped following President Donald Trump’s plans to impose a 25% tariff on “all cars that are not made in the United States,” effective April 2. Shares of General Motors , Ford Motor and Stellantis respectively fell 6%, 2% and 1%. GameStop — The meme stock tumbled more than 17% Thursday, following an almost 12% rally the previous session. The reversal came after the video game chain announced plans to raise $1.3 billion through the sale of convertible senior notes due in 2030 to buy bitcoin.…
