Monthly Archives: October 2022

Global VC funding has seen a huge drop this year

Global venture capital (VC) funding saw a huge drop in the third quarter of 2022 as various large-scale challenges affected investor appetites, new research has claimed.. VC funding for the quarter declined 53% year-over-year, and 33% quarter-over-quarter, to $81 billion according to statistics from Crunchbase.  This makes Q3 the weakest quarter for VC funding since…

A Russian oil price cap would fundamentally shift the balance of power between OPEC and the West, analyst says; ‘the rules of the game are changing’

Saudi Energy Minister Prince Abdulaziz bin Salman. Getty Images Efforts to cap Russian oil prices would fundamentally shift the balance of power between OPEC and the West, according to an oil analyst.  A scheme that tilts pricing power to the US and Europe “shifts the unspoken red lines,” tweeted Karim Fawaz, director for energy advisory…

Student loan relief will help folks ‘put a few more bucks in the bank,’ Biden’s labor secretary says — and maybe even buy their first home

Labor Secretary Marty Walsh Chip Somodevilla/Getty Images Borrowers will soon be able to apply for President Joe Biden’s student debt relief. Labor Secretary Marty Walsh says debt forgiveness might help people buy their first homes. Pardoning federal marijuana convictions will also help more people get better jobs, Walsh said. With jobs booming, people still comfortable…

A YouTuber’s ‘disaster’ towing with the F-150 Lightning highlights one of the drawbacks of electric trucks today

YouTuber Tyler Hoover and his F-150 Lightning. Tyler Hoover YouTuber Tyler Hoover found that towing with the electric Ford F-150 isn’t as easy as towing with a gas vehicle.  He found that towing significantly slashed his F-150 Lightning’s driving range.  Other tests have found that EV range suffers when towing a heavy trailer.  One YouTuber…

Biden’s Education Secretary says student-loan borrowers think the industry is a ‘bureaucratic system that takes too long’ and he wants to ‘dispel some of those myths’ through the upcoming debt relief

US Education Secretary Miguel Cardona MANDEL NGAN / Getty Images Education Sec. Miguel Cardona said he wants to “dispel” myths that the student-loan industry is “bureaucratic.” He told Yahoo Finance the upcoming debt relief will be simple and easy for borrowers to access. He also noted that it’s “hypocritical” for Republicans to be blasting the…

Putin’s friends and enemies sent him piles of melons, a gift certificate for a tractor, and death wishes for his 70th birthday

Russian President Vladimir Putin (R) greets Belarusian President Alexander Lukashenko (L) during the welcoming ceremony in Saint Petersburg, Russia, December 20, 2019. Photo by Mikhail Svetlov/Getty Images Vladimir Putin observed his 70th birthday Friday amid his military’s ongoing setbacks in Ukraine.  Two friendly world leaders gifted the Russian president a gift certificate for a tractor…

Herschel Walker fires his campaign’s political director for allegedly leaking to the press during the Trump-backed candidate’s messiest week to date: report

Republican Senate hopeful Herschel Walker on July 10, 2022 in Hampton, Georgia. James Gilbert/Getty Images Senate GOP candidate Herschel Walker has fired his political director during a raging scandal.  Republican aide Taylor Crowe was reportedly let go for leaking to the press. Walker is battling headlines about an alleged abortion and attacks from his disillusioned…

Toyota restarts bZ4x EV production after fixing dangerous wheel flaw

Toyota is finally back on track with production of the bZ4x, its first EV. Reutersreports the company has restarted manufacturing of the electric crossover after fixing a defect that could see wheels come loose during hard braking or sharp turns. The company also said it fixed a previously unannounced flaw with poorly installed airbags that…