Author: John Mitchell

When PillPack founders TJ Parker and Elliot Cohen held discussions with each Walmart and Amazon about promoting their on-line pharmacy startup within the late-2010s, the entrepreneurs each envisioned a future the place individuals may store for medical care on-line as simply as they store for every little thing else. At Amazon, the place they every labored for a number of years after they bought PillPack in a $1 billion deal regardless of deep discussions with Walmart, they made some progress however didn’t fulfill their full imaginative and prescient earlier than leaving the tech large in 2022. So since 2023, Parker…

Monetary know-how firm Intuit Inc. (NASDAQ: INTU) is all set to publish outcomes for the third quarter of 2025 as we speak after the closing bell. Hearken to Intuit’s earnings name stay and examine the real-time transcript It’s estimated that the Mountain View-headquartered firm’s earnings, excluding one-off objects, elevated to $10.91 per share within the April quarter from $9.88 per share a yr earlier. Analysts’ consensus income estimate for Q3 is $7.56 billion. Within the second quarter, income elevated to $3.96 billion from $3.39 billion within the corresponding quarter a yr earlier, exceeding expectations. On an adjusted foundation, Q2 earnings…

Wanting on the largest US startup funding rounds from April 2025, leveraging knowledge from CrunchBase, we’ve analyzed the month’s most vital enterprise capital offers. Past the uncooked funding numbers, this evaluation consists of detailed details about every firm’s business focus, founding staff, enterprise mannequin, and complete funding historical past to offer deeper context about these high-growth ventures. 🚀 REACH NYC TECH LEADERS AlleyWatch is NYC’s main supply of tech and startup information, reaching town’s most energetic founders, buyers, and tech leaders. Be taught Extra → 16. Dataminr $100.0M Spherical: VentureDescription: New York-based Dataminr is a real-time AI platform that detects…

For world traders and institutional asset managers, Moody’s downgrade of US sovereign debt is greater than a symbolic sign — it’s a market occasion with portfolio-level penalties. The transfer by Moody’s to chop the US score to Aa1 displays rising concern about long-term fiscal stability, and it forces funding professionals to reassess Treasury publicity, sovereign threat modeling, and forward-looking allocation methods. Downgrade with Actual Implications When Moody’s stripped the USA of its triple-A score after markets closed final Friday (Could 16), it cited a “rising tide of debt” and extended fiscal inaction. Whereas the downgrade doesn’t change the basics of…

For 10 years, Olivia Web page-Pollard was a serial New York renter, hopping from neighborhood to neighborhood, nearly at all times in Brooklyn, by no means staying in a single place for greater than three years.In 2021, she moved to Chinatown for a pandemic deal, “as a result of I felt I might by no means have the chance to dwell in Manhattan resulting from rents going up,” she mentioned. However she discovered transferring so usually — seven occasions in 10 years — to be too unsettling. And he or she by no means stopped saving for a down cost.[Did…

From a struggling household tea property to an revolutionary local weather enterprise, Alt Carbon has raised $12 million in a seed spherical because it plans to scale its carbon dioxide removing work within the South Asian nation. The local weather tech startup, which locks away carbon for 1000’s of years by enhanced rock weathering on farmlands, attracted funding led by Lachy Groom, the co-founder of the robotics AI firm Bodily Intelligence. The journey started in Could 2020 with a bittersweet homecoming. Siblings Shrey and Sparsh Agarwal drove 16 hours from the jap state of Kolkata to Darjeeling — a metropolis…

The unreal intelligence panorama is present process a change. Whereas the primary wave of AI has been led by horizontal AI (general-purpose instruments like ChatGPT, Claude, and Gemini that apply throughout industries), the second wave will likely be dominated by vertical AI. These industry-specific fashions, educated on area of interest datasets, workflows, and compliance wants, are poised to ship actual enterprise worth. However what precisely units vertical AI aside, and why is it the way forward for AI funding? Horizontal AI vs. Vertical AI: Defining the Distinction Horizontal AI refers to AI fashions designed for broad, cross-industry use. These embrace…

Nike Inc NKE shares are buying and selling larger in Wednesday’s after-hours session following a report that the corporate will promote on Amazon.com AMZN for the primary time in six years.What Occurred: Based on a report from The Info, Amazon will begin promoting Nike merchandise on its e-commerce platform for the primary time since 2019. The 2 firms beforehand labored collectively earlier than Nike determined to cease promoting on Amazon.com, opting to promote direct to clients by way of its personal web site. An Amazon spokesperson reportedly confirmed that Amazon will begin promoting Nike merchandise once more with provides coming…

What Is the Lipstick Index? The Lipstick Index is a time period coined by Leonard Lauder, former chairman of Estée Lauder, in the course of the early 2000s recession. It describes the phenomenon the place customers, throughout financial downturns, go for inexpensive luxuries like lipstick as a substitute of costlier objects. This habits means that even in powerful occasions, individuals search minor indulgences to spice up morale. Lipstick Gross sales vs. Market Efficiency: June 2024–Could 2025 Analyzing the interval from June 2024 to Could 2025 reveals intriguing tendencies: Lipstick gross sales skilled constant development, averaging round 2% month-over-month will increase.…

Seventy-four per cent of respondents now say they’re involved a few looming recession, up sharply from 60% only a month earlier. And with affordability worsening, half of Canadians now consider homeownership is even much less attainable than it was a 12 months in the past. The share of potential patrons ready for charges to fall stays excessive at 67%, however what’s notable is that 38% are holding out for charges of three% or decrease—ranges effectively beneath in the present day’s choices. “There may be some clear underlying weak spot as stock builds and buyers stay absent,” mentioned Robert Kavcic, senior…