Ahead of launching its third product, Nothing announces a brick-and-mortar store

Nothing today announced the upcoming launch of a brick-and-mortar retail store in London’s Soho district. The store will, of course, carry Nothing. In a less literal sense, one wonders precisely what the store will carry, give that the hardware startup has officially launched two products, with a third being revealed soon. GM Ryan Latham says…

TechCrunch Disrupt Battlefield alum Perygee helps secure building operations

While TechCrunch Disrupt Battlefield 2022 is still fresh in our minds, Perygee, a member of the 2020 group, has been helping companies keep their building operations elements secure. It looks at things like HVAC, elevators and sensors; keeping patches up-to-date and searching for vulnerabilities. Today the company announced a $4.75 million seed round, and the…

Stress is driving cybersecurity experts away from the industry

Nearly half (42%) of cybersecurity decision-makers are considering leaving their role within the next two years due to stress or burnout, new research has found. According to findings from Mimecast, stress may already be having a tangible impact on some IT teams; one-third of the teams looked at experienced an increased number of absences due to…

China’s richest people lost about $13 billion in just one day due to a market sell-off after President Xi Jinping secured a third term

Tencent’s Pony Ma (left) and Alibaba’s Jack Ma (right) lost $3.7 billion collectively, on Monday. Wang Zhao/AFP/Getty Images The 13 richest people in China lost $12.7 billion on Monday alone, per Bloomberg. Their losses were due to a massive market sell-off over President Xi Jinping’s third term in office. Investors fear the economic fallout from…

JPMorgan’s Jamie Dimon says Russia’s war on Ukraine and other geopolitics are more concerning than a recession

JPMorgan CEO Jamie Dimon. REUTERS/ Larry Downing JPMorgan CEO Jamie Dimon warned that geopolitical matters are more concerning than a recession right now.  Regarding a recession, Dimon said “we’ll manage right through that.” He made comments at Saudi Arabia’s Future Investment Initiative conference on Tuesday.  While a recession looms, JPMorgan CEO Jamie Dimon warned that…

The Fed took the punch bowl away when the party was already ‘pissed drunk’ and now a US recession is a sure thing, says top economist David Rosenberg

Federal Reserve Board Chair Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., July 27, 2022. Elizabeth Frantz/Reuters The Federal Reserve acted too late to start battling inflation by raising rates, David Rosenberg said. It removed the punch bowl when everyone was already…