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Why Is Tech Worried When Stocks Like Chevron Drop On Global Oil Worries?

Chevron’s stock declined sharply this week before paring back losses, as mounting concerns about volatility in the global oil markets spooked traders. Another group of worried market watchers? Tech companies, big and small. Casual observers sometimes wonder why technology stocks—often seen as disconnected from the oil industry—sometimes react sharply to oil price movements and related news. But the two sectors are much more connected than you might realize. That link largely stems from the br

Spotify is getting more expensive for a lot of subscribers around the world

The price for streaming ad-free music is about to increase for Spotify subscribers in several markets around the world, according to the company. Spotify announced plans to increase prices in “multiple markets” on Monday, although customers in the United States are spared for now. The company is informing subscribers in impacted markets where it will “update […] prices” via email, according to its post today. “Over the next month, Premium subscribers in multiple markets across South Asia, the

SEC debuts 'Project Crypto' to bring U.S. financial markets 'on chain'

The Securities and Exchange Commission on Thursday debuted "Project Crypto," an initiative to modernize securities rules and regulations to allow for crypto-based trading. "To achieve President Trump's vision of making America the crypto capital of the world, the SEC must holistically consider the potential benefits and risks of moving our markets from an off-chain environment to an on-chain one," SEC chair Paul Atkins said in remarks to an "American Leadership in the Digital Finance Revolution

Apple and Google singled out under new UK Digital Markets regulation

Battersea Power Station is home to Apple's UK headquarters Apple and Google can now add the UK to the ever-growing list of countries and regions ramping up regulatory scrutiny. Here’s what happened. Apple and Google designated as having ‘strategic market status‘ The UK is gearing up to start enforcing its new Digital Markets, Competition, and Consumers Act (DMCC), a law aimed at reining in dominant tech platforms. And today, as reported by CNBC: “(…) the Competition and Markets Authority p

AI Market Clarity

AI Markets Have Crystalized AI markets have evolved significantly over the last 4 years. When GPT-3 came out and scaling laws were openly discussed in the AI literature, it seemed clear that you could extrapolate the rate of progress from GPT-2 to GPT-3 onwards through GPT-4, 5 etc and realize a revolution was going to happen. 4 years ago, I started looking for Generative AI companies to back or help start given this curve. I ended up leading or participating in early rounds in companies like

Attimet (YC F24) – Quant Trading Research Lab – Is Hiring Founding Researcher

You’ll be given the autonomy to do some of the best work for your life. We’re building a research lab that puts its ideas to the test in one of the most complex, information-rich environments in the world: the financial markets. Much of trading still depends on hand-crafted signals and intuition. We’re approaching it differently - from first principles. We design systems that learn, adapt, and improve with data. Our infrastructure is built to accelerate research: fast iteration loops, real-tim

Pixels lack this key calling feature in many markets, but there is a possible solution

Ryan Haines / Android Authority TL;DR The GSMA has told Android Authority it could work with Google to broadly enable VoLTE around the world. Google Pixel phones lack VoLTE support in most markets where Pixels aren’t sold. This news comes months after Samsung and the GSMA announced a plan to enable VoLTE by default on Galaxy phones. Samsung and the GSMA announced a plan earlier this year to broadly enable VoLTE tech by default on Galaxy phones in many markets. This is a big deal as 3G networ

US senators reintroduce bill to open Apple and Google's app stores

Senators Marsha Blacburn (R-Tenn.), Mike Blumenthal (D-Conn.), Amy Klobuchar (D-Minn.) Dick Durbin (D-Ill.) and Mike Lee (R-Utah) have reintroduced a bill that would force app store owners like Apple and Google to allow third-party payment systems and sideloading apps, among a collection of other developer-friendly changes. The bill, called the Open App Markets App, was originally introduced in 2021, but it never came up for a vote after passing through the Senate Judiciary Committee in 2022. T

Kalshi closes $185M round as rival Polymarket reportedly seeks $200M

Kalshi just raised a $185 million round, led by crypto-focused VC firm Paradigm, bringing the company’s valuation to $2 billion post-money, representatives from Paradigm and Kalshi confirmed to TechCrunch. “Prediction markets remind me of crypto 15 years ago: a new asset class on a path to trillions,” Matt Huang, co-founder and managing partner at Paradigm, told TechCrunch in an emailed statement. “There’s no better team than Kalshi to scale prediction markets and reshape how people think about

Google could face changes to search in the UK as regulators crack down

Google could face changes to its online search services in the U.K. after regulators raised concerns over the tech giant's dominance. The Competition and Markets Authority on Tuesday said it is consulting on a proposal to give Google "strategic market status," a designation under new competition rules for tech firms that hold entrenched power in a certain market. The watchdog was granted expanded competition and merger control powers this year as the Digital Markets, Competition and Consumers

Attimet (YC F24) – Quant Trading Research Lab – Is Hiring Founding Engineer

You’ll be given the autonomy to do some of the best work of your life. We’re building a research lab that puts its ideas to the test in one of the most complex, information-rich environments in the world: the financial markets. Much of trading still depends on hand-crafted signals and intuition. We’re approaching it differently - from first principles. We design systems that learn, adapt, and improve with data. Our infrastructure is built to accelerate research: fast iteration loops, real-time

Prominent global VC Endeavor Catalyst is raising $300M, sources say

Endeavor Catalyst, the co-investment fund affiliated with global entrepreneurial network Endeavor Global, is raising a new $300 million fund, its fifth and largest fund yet, as it looks to deepen its bet on high-growth startups across Africa, Latin America, the Middle East, and Southeast Asia, TechCrunch has learned. The new fund, according to sources, is still in early fundraising stages. It’s previous fund was its $292 million Fund IV closed in 2022. The firm has already begun early conversat

New study finds little evidence of surge pricing when retailers use digital shelf labels

Recap: In recent years, digital shelf labels have stirred debate across the United States. Although some shoppers and lawmakers worry the technology could enable unpredictable, demand-driven price hikes, a new academic study suggests those fears may be overblown. Research recently published by teams from the University of Texas at Austin, the University of California, San Diego, and Northwestern University analyzed five years of pricing data from a major grocery chain that adopted digital shelf

How the EU’s DMA is changing Big Tech: all of the news and updates

The European Union’s Digital Markets Act (DMA) has come into force, and it’s meant that some of the world’s biggest tech companies are having to make major changes to how they operate. The law, which is designed to increase competition in the EU’s digital markets, designates some large online companies and their services as “gatekeepers.” Those that have received the gatekeeper designation — the companies on the list are Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft — have to meet str