Trump made $1.6 billion while president, according to financial disclosures, but left office less wealthy than before

Trump made $1.6 billion while president, according to financial disclosures, but left office less wealthy than before

February 23, 2021 Darnetta Mahaffy 0

Summary List PlacementDonald Trump may have donated his $400,000 salary as president, but that represented just one-tenth of a percent of the money he made while the world’s most powerful man. During his four-year term in office, Trump reported making between $1.6 and $1.79 billion, with some $620 million coming from the Mar-a-Lago resort, his…

EU lawmakers OK $815 billion recovery program

EU lawmakers OK $815 billion recovery program

February 10, 2021 Darnetta Mahaffy 0

BRUSSELS (AP) — European Union lawmakers on Wednesday approved a 672.5 billion euro ($815 billion) recovery package of loans and grants to help member nations recover more quickly from the coronavirus pandemic, but countries will not receive the money for…

$14 billion Elastic made a big stand against Amazon’s cloud and reignited a fierce open source software debate (ESTC, AMZN)

$14 billion Elastic made a big stand against Amazon’s cloud and reignited a fierce open source software debate (ESTC, AMZN)

January 25, 2021 Darnetta Mahaffy 0

Summary List PlacementEarlier this month, $15 billion Elastic made a change to the licensing terms of its free search engine software for businesses, in a move intended to make a stand against what it saw as exploitation by Amazon Web Services.  In doing so, it reignited a debate that’s been simmering in software developer circles…

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Nvidia’s $40 billion purchase of Arm could well bring the chip designer under US trade restrictions, but that won’t necessarily undermine its business (NVDA)

September 16, 2020 Darnetta Mahaffy 0

Summary List Placement   As one of its cofounders has warned, chip designer Arm could find its technology subject to greater scrutiny and restrictions by US authorities if its planned sale to Nvidia for $40 billion in cash and stock goes through, international trade experts told Business Insider. But as a matter of practice, Arm…

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$26 billion Coatue is down one of its top alternative-data buyers after the firm’s quant fund that relied heavily on the unique datasets was rocked by market volatility earlier this year

September 11, 2020 Darnetta Mahaffy 0

Summary List Placement Coatue — the long-running hedge fund of billionaire Philippe Laffont that manages $25.8 billion in assets — has lost one of its top people in charge of buying the data many consider to be the lifeblood of equity-focused hedge funds. Dave Schwartz, a vice president focused on data acquisition and strategy, is…

Land of a billion faces

Land of a billion faces

September 3, 2020 Darnetta Mahaffy 0

Clearview AI has built one of the most comprehensive databases of people’s faces in the world. Your picture is probably in there (our host Jennifer Strong’s was). In part two of this four-part series on facial recognition, we meet the CEO of the controversial company who tells us our future is filled with FaceID— regardless…

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Land of a billion faces

August 14, 2020 Darnetta Mahaffy 0

Clearview AI has built one of the most comprehensive databases of people’s faces in the world. Your picture is probably in there (our host Jennifer Strong’s was). In part two of this four-part series on facial recognition, we meet the CEO of the controversial company who tells us our future is filled with FaceID— regardless…