America's largest investor in crypto startups believes that the industry's future may be across the pond, and is opening its first international office in London to take advantage of the opportunity.
Driving the news: Silicon Valley-based Andreessen Horowitz on Sunday announced its new outpost, to be led by relocating partner Sriram Krishnan, and said thatLondon will be the location of its next crypto accelerator program.
Alex Soros is taking control of his father, George Soros', $25 billion empire, the financier and his younger son confirmed in an interview with the Wall Street Journal Sunday.
The big picture: George Soros had said previously that he didn't want any of his five children to take over his Open Society Foundations, but the 92-year-old philanthropist told the WSJ that he's now handed that and the rest of his empire to his 37-year-old son because "he's earned it."
That whisper you hear is the sound of air rushing in from the initial public offering window, which finally may have cracked this week because of moves by restaurant chain Cava and airline company Surf Air.
Why it matters: A market in turmoil and an uncertain economy have chilled IPOs for over a year, but there are no shortage of companies patiently waiting for an opening.
Ryan Cohen, the chairman of GameStop,fired CEO Matt Furlong this week.
What happened: It is normal in such cases to name a new CEO, even if that's an interim CEO. But Cohen didn't do that. Instead, he just appointed himself executive chairman of the company.
The huge and very risky banking industry is likely to see a major toughening of regulations in the near future.
Why it matters: Just as the FTX debacle gave the SEC all the reason it needed for a crypto crackdown, the 2023 banking crisis has given the Fed justification for forcing banks to increase their equity capital.
The evolving workplace dynamic has led to a renaissance for co-working spaces.
The big picture: Co-working spaces, which were once a specialized product, have now become a phenomenon for workers who don't want to return to the office post-pandemic but don't want to work in isolation, either.
An onslaught of tipping requests — with employees often inches away — is increasing social pressure around gratuities and even pushing some consumers to give less.
The big picture: The economic stress of inflation coupled with confusion around who and how much to tip are pushing Americans against the practice: 66% have a negative view about tipping and 32% say they're annoyed about pre-entered tip screens, a new Bankrate survey says.
