Whatnot’s valuation doubles to $3.7B as livestream shopping gains popularity in US

Livestream shopping in the United States has a ways to go to catch up with China’s booming $600 billion industry, but Whatnot’s new $260 million Series D round shows that shoppers stateside are increasingly embracing this way of buying and selling items. The new investment was co-led by DST Global and returning investor CapitalG, and…

The US bus driver shortage is ‘throwing transit systems into crisis’ as big cities struggle to find public transportation hires

Bus driver Felix Martinez drives route 73 on Wadsworth Boulevard in Lakewood, Colorado in December. Martinez has been RTD bus driver for 18 years. Hyoung Chang/MediaNews Group/The Denver Post via Getty Images A rise in retirement among city bus drivers is “throwing transit systems into crisis,” according to a new report.  At the same time,…

Investors betting against Tesla could be headed for ‘short squeeze hell’ after the EV maker’s 2nd-quarter earnings

Elon Musk. Andrew Kelly/Reuters Tesla is the most shorted stock in the world, and investors betting against the EV maker lost $1 billion on Thursday, according to S3 Partners.The short-selling research firm said “short squeeze hell” could be imminent as some investors cover their losing bets by buying Tesla to close. Tesla stock jumped 10% on…

It’s not just Manchin. Democratic leaders like Chuck Schumer shoulder some blame for Biden’s agenda crumbling.

Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference on Capitol Hill on Tuesday, May 10, 2022 in Washington, DC. Kent Nishimura / Los Angeles Times via Getty Images Democrats are taking a Manchin deal that’s a huge step down from their initial $3.5 trillion plan. Some are laying responsibility on their leaders…

Speaker Nancy Pelosi denies her husband makes stock trades based on information she’s given him

House Speaker Nancy Pelosi’s husband, Paul Pelosi, typically trades tens of millions of dollars worth of stock and stock options each year, according to Nancy Pelosi’s congressional financial disclosures. AP Speaker Nancy Pelosi said that her venture capitalist husband has “absolutely not” traded using information she’s given him. Her husband, Paul Pelosi, has invested millions…

Senator Patrick Leahy, age 82, third in line to the presidency, recovers from hip surgery as President Joe Biden, age 79, has COVID

Sen. Patrick Leahy questions Supreme Court nominee Ketanji Brown Jackson during her confirmation hearing on Capitol Hill on March 22, 2022. AP Photo/Andrew Harnik Sen. Patrick Leahy, as the Senate’s president pro tempore, is third in line for the presidency. As President Biden deals with “very mild” COVID-19 symptoms, Leahy is recovering from hip surgery….