Author: GT

Bitcoin (BTC-USD) surged as much as $88,000 on Monday while stocks tanked, prompting one Wall Street strategist to note that the world’s largest cryptocurrency has outperformed the Nasdaq Composite (^IXIC) against the backdrop of a trade war. “Bitcoin outperformance to Nasdaq has been striking all through the U.S tariffs crisis – Bitcoin is down 10% YTD vs. Nasdaq down 16% YTD,” Bernstein managing director Gautam Chhugani wrote on Monday before the market open. “We expect Bitcoin and broader global blockchain assets to play a defining role, amidst the deglobalization trends.” Read more: The latest news and updates on Trump’s tariffs…

This June, the most influential minds in artificial intelligence will converge at TC Sessions: AI — and your brand has a unique opportunity to be part of the action. From June 1–7, TechCrunch is curating a weeklong series of Side Events that orbit the main stage event on June 5 at UC Berkeley’s Zellerbach Hall. This is your moment to host a high-impact gathering — whether it’s an intimate meetup, a thought leadership salon, a VIP mixer, or a hands-on demo experience — and position your brand in front of 1,200+ AI leaders, investors, and builders. Get started here before…

Hertz (HTZ) shares tumbled 11% Monday morning, giving back gains from last week’s rally sparked by Bill Ackman’s hedge fund taking a significant position in the rental car giant. Ackman, the CEO of Pershing Square Capital Management, shared on social media that his company had built a 19.8% stake in Hertz after accumulating shares since late last year. Hertz stock surged on Wednesday after Pershing Square disclosed its 12.7 million share stake, fueling investor speculation about the high-profile fund’s view of the struggling company. The rental company reported a loss of nearly $2.9 billion in 2024. Hertz attributed the disappointing…

Despite a still tight venture capital market, new unicorns are still being created every month. Using data from Crunchbase and PitchBook, TechCrunch tracked down the newly VC-backed startup minted unicorns so far this year (as of the end of March). These include healthcare companies like Hippocratic AI and satellite space companies like Loft Orbital.  This list will be updated throughout the year, so check back and see the powerhouses raising this year!  March  Fleetio — $1.5 billion: This Alabama-based startup creates software to help make fleet operations easier. It last raised a $454 million Series D at a $1.5 billion…

No, really. Where is the best place to store your money? According to a survey conducted by Piere, an AI-powered financial management app, found that the average American stashes $544 in cash or valuables at home. Wanting to keep your money safe is fine. But hoarding it in the wrong places could do more harm than good. Think about the story back in 2009 where CNBC reported that a woman didn’t realize her mother stashed $1 million in cash in an old mattress that she threw away. Check Out: 3 Signs You’ve ‘Made It’ Financially, According to Financial Influencer Genesis…

CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022.Mateusz Wlodarczyk | Nurphoto | Getty ImagesAs Google heads back to the courtroom Monday, the company is arguing that the U.S. needs the company in its full form to take on chief adversary China and uphold national security in the process. The remedies trial in Washington, D.C., follows a judge’s ruling in August that Google has held a monopoly in its core market of internet search, the most-significant antitrust ruling in the tech industry since the case against Microsoft more than 20 years ago.The…

An AI doctoral student in California had their SEVIS record — the digital proof of their valid student visa — terminated, putting their immigration status at risk. Speaking to TechCrunch, the student, who requested anonymity for fear of reprisal, said they were notified via their college’s international student center that they’d been identified in a criminal records check. The student said that they’d been studying in the U.S. for nearly a decade starting as an undergraduate, and that they have no criminal record. “The most likely cause may be an interaction with the police many years ago, even before I entered graduate…

NEW DELHI (AP) — U.S. Vice President JD Vance held talks with Indian Prime Minister Narendra Modi on Monday as New Delhi looks to avoid American tariffs, negotiate a bilateral trade deal with Washington and strengthen ties with the Trump administration.Vance, who is on a largely personal four-day visit to India, met with Modi at his residence in New Delhi and the two leaders “reviewed and positively assessed the progress in various areas of bilateral cooperation,” Modi’s office said in a statement. They also “welcomed the significant progress” in the negotiations of an expected trade deal between the two countries,…

Popular social network and forum site Reddit reported significant outages on Monday morning.  The connection errors started at around 11:20 a.m. ET, according to the website Downdetector, which collects anecdotal reports from impacted users globally. At its peak, more than 90,000 users logged an outage report with the downtime tracking website.  At 11:52 a.m. ET, Reddit Status, the company’s website tracking its own outages, confirmed it was investigating “elevated errors” across the website and app. A few minutes later, the company said the issue was identified, and by 12:10 p.m. ET, the company implemented a fix and said it was…

Metaplanet has announced the acquisition of an additional 330 BTC, increasing its total holdings to 4,855 BTC. This latest purchase, valued at approximately $28.2 million, marks the company’s third Bitcoin acquisition this month, despite ongoing uncertainties in the cryptocurrency market linked to recent U.S. tariff measures. The purchase was made at an average price of 12.18 million Japanese yen, or $85,605 per Bitcoin. This strategic move comes as Bitcoin experiences a rally, surpassing $87,000 for the first time since April 2, with the crypto trading at $87,279 at the time of publication. Bitcoin’s price has risen by 2.5% in the…