Postmates’ new IPO delay says something bigger: Wall Street is turning against Silicon Valley

Wall Street is sending Silicon Valley a message. | Drew Angerer/Getty Images Can you smell it? A gloom is enveloping Silicon Valley. Tech startups imbibe cash and run on optimism. Lately they’re running short on both. In the latest example of this new reality, Postmates, the food-delivery startup valued at over $2 billion that was expected to go public in 2019, recently told its IPO advisers that it is delaying its initial public offering due…

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The 2019 National Book Award finalists spotlight authors from marginalized groups

A typewriter and bookshelf inside the late French writer and artist Boris Vian’s apartment. | CHRISTOPHE ARCHAMBAULT/AFP via Getty Images Marlon James and Susan Choi are among the 25 finalists. The National Book Foundation has announced the finalists for the 2019 National Book Awards, and this year they are dominated by women, people of color, and disabled people. The recognition of authors in these groups is part of a larger trend. Under the leadership of…

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Pound US Dollar GBP/USD exchange rate slides despite US inflation slumping to 8-month low

The pound slumped against the US dollar this afternoon with the pairing currently trading at around $1.220. The dollar continued to rise against the pound today despite data revealing US producer prices suffered their largest decline in eight months. The pound slumped against the US dollar this afternoon with the pairing currently trading at around $1.220. The dollar continued to rise against the pound today despite data revealing US producer prices suffered their largest decline…

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One of America’s biggest gaming companies is acting as China’s censor

Blitzchung, the Hong Kong based player at the center of the Blizzard controversy. | Blizzard Entertainment via Polygon Activision Blizzard punished a pro player for speaking out on behalf of Hong Kong. This should be unacceptable. Activision Blizzard, one of America’s biggest gaming companies, just bowed to Chinese censorship in a disturbing way: suspending a professional player of Hearthstone, its digital card game, over a statement supporting the Hong Kong pro-democracy protests The offending commentary…

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Pound euro exchange rate sinks as Brexit talks threaten collapse over ‘stupid blame game’

The pound-euro exchange rate fell by 0.6 percent today, with the pairing currently trading around €1.112 following contentious talks between Prime Minister Boris Johnson and German Chancellor Angela Merkel in which the German premier described Mr Johnson’s “final” deal proposal as “unworkable”. The pound-euro exchange rate fell by 0.6 percent today, with the pairing currently trading around €1.112 following contentious talks between Prime Minister Boris Johnson and German Chancellor Angela Merkel in which the German…

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Dick’s Sporting Goods destroyed $5 million worth of guns it pulled from its stores

In April 2018, Dick’s Sporting Goods announced it would destroy its remaining gun inventory and recycle the leftover scrap metal. | Scott Olson/Getty Images “If we really think these things should be off the street, we need to destroy them,” said the retailer’s CEO. Dick’s Sporting Goods has reportedly destroyed more than $5 million worth of assault-style rifles since it stopped selling the weapons in 2018, CEO Edward Stack told CBS News. In response to…

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China won't air NBA pre-season games set in country in wake of Houston GM's support for Hong Kong

NBA commissioner Adam Silver said the league is not apologizing for Houston Rockets general manager Daryl Morey’s since-deleted tweet showing support for anti-government protesters in Hong Kong, even after China’s state broadcaster canceled plans to show a pair of preseason games in that country later this week. Powered by WPeMatico

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