This was a headline I’d been waiting to see. “Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims,” my colleague Amanda Gerut wrote last week, outlining a case that the SEC has brought against a Long Island-based financial firm it’s calling a pre-IPO “boiler room.”
Navigating New York City’s economy can feel like a gauntlet of minor indignities. Selling ice cream, for some reason, requires two different permits. Want to quit your gym? You may have to send a certified letter by mail. Oh, and before you haul your belongings to that storage unit, you’d better read the fine print
Concerns are growing that the de-facto tolling of the Strait of Hormuz could trigger a domino effect for key shipping bottlenecks worldwide, creating more global inflation and effectively killing key components of international maritime law. As Iran insists on some form of fee structure for traversing the now-infamous strait—and the U.S. increasingly seems unable to
Spotify cofounder Daniel Ek built his audio empire on the premise that music should be instantly playable, with no waiting around for songs to buffer or download. Now, he’s taking that desire for instant gratification and pointing it at our bodies. Ek has developed a $500 longevity body scanner that collects photos, blood, and electrical
Strategic oil inventories have reached a 40-year low, and experts warn their continued depletion could damage the underground caverns where the reserves are stored. Last week, the Strategic Petroleum Reserve (SPR) plunged below 300 million barrels for the first time since the 1980s, when the reserves were being filled, according to the Department of Energy.
The latest multi-billion dollar AI startup isn’t for writing code or generating images. It’s for answering your landlord. New York-based property and housing management company EliseAI is in talks to raise a new round of funding at a $3.7 billion valuation, including $300 million in financing. Andreessen Horowitz and Bessemer Venture Partners are in talks
