One Gen Z high school dropout with two tech businesses to his name has just become Europe’s youngest self-made billionaire following a breakout investing round—before even turning 30. James Dacombe, the 25-year-old serial entrepreneur behind AI chip-making firm Olix and brain monitoring startup CoMind, just hit a personal net worth of over $1 billion. Dacombe
Leopold Aschenbrenner, the Wall Street wunderkind whose hedge fund imploded in late July, placed huge bets on two AI stocks in the lead-up to the disaster. Aschenbrenner’s firm, Situational Awareness, owned a $5.7 billion stake in SanDisk and a $5.6 billion stake in Micron at the end of June, its quarterly portfolio update revealed on
Futures are mixed ahead of a big week for major retailers as new questions emerge about the state of the U.S. consumer, a major engine powering the American economy. The S&P 500 edged 0.1% higher, while Dow Jones Industrial Average futures slipped 0.2%. Nasdaq futures gained 0.5%. U.S. stocks hit an all-time high last week despite some
This as-told-to essay is based on a conversation with Dima Beseda, cofounder of Spiry. It has been edited for length and clarity. I was only 3 when my dad brought our first computer into the house, but it changed my life. At a very young age, I realized that video games had clear-cut rules. I
A Massachusetts mayor was arrested Friday and charged with fraudulently obtaining a pandemic loan and using the money to fund his election campaign as well as pay off high-interest mortgages on several of his properties and personal taxes. Lawrence Mayor Brian DePena was charged Friday with one count of wire fraud and one count of money laundering.
Student-loan borrowers could lose their Social Security checks if they fall behind on their loan payments. Democratic lawmakers want to put an end to that practice. On Monday, Sens. Bernie Sanders, Elizabeth Warren, and Ed Markey introduced a bill to prevent older student-loan borrowers and borrowers with disabilities from facing Social Security garnishment if they
