SNAK Venture Partners announced Wednesday the close of its oversubsubscribed $50 million debut fund, anchored by the investment firm Pritzker Group (founded by Illinois governor JB Pritzker and his brother, Tony). SNAK founders Sonia Nagar and Adam Koopersmith worked at the firm and helped lead investments in companies like the auto marketplace Backlot Cars and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chinese trading firm Zhongcai Futures has emerged as a big winner from the recent rout in silver, netting more than half a billion dollars from aggressive bets that the metal’s price would fall. Zhongcai has … Read more
Alexa+, Amazon’s upgraded, generative AI-powered version of its Alexa assistant, is available to all U.S. customers as of Wednesday. The company said that the AI feature will be free to Prime members across devices. Meanwhile, anyone can use Alexa+ for free via the Alexa website or mobile app, with some limitations. “We have tens of … Read more
The term “uniform dressing” has become trite at this point, but a quick scroll of the feed (and a glance at Hailey Bieber’s street stylings) confirms there’s still comfort to be found in numbers when it comes to copy-and-paste wardrobes. One of the most dominant factions that refuses to die? The Clean Girls, with their … Read more
Most of what we know about the ocean just skims the surface, literally. We’ve gathered a large quantity of data on the oceans from satellites, but most of that is based on the top layer of water. Below that, the picture gets murkier. Buoys, ships, and some autonomous rovers have recently added some detail, but … Read more
A survey of senior crypto investors and executives suggests capital priorities are shifting away from decentralized finance (DeFi) and toward core infrastructure, as decision-makers focus on liquidity constraints and market plumbing. The findings come from a new report published by the digital asset conference CfC St. Moritz, based on responses from 242 attendees of its … Read more
A seven-game World Series last October and continued strength at Fox News and streaming service Tubi helped Fox Corp. top revenue expectations in the October-to-December quarter. The company said Wednesday that total revenue in the fiscal second quarter inched up 2% from the year-ago period, reaching $5.18 billion. Earnings per share came in at 52 … Read more
To soften the tariff impact and wholesale challenges, OpéraSport opened a warehouse in the States in November 2025, which “significantly reduces last-mile shipping costs, shortens delivery times, and lowers the risk of failed deliveries and returns”, Stelter says. “This improves conversion rates and customer satisfaction, which ultimately offsets the upfront tariff costs.” In addition, having … Read more
Blockchain intelligence platform TRM Labs completed a $70 million Series C funding round, valuing it at $1 billion, becoming the latest crypto company to reach unicorn status. The investment round was led by seed investor Blockchain Capital, with participation from Goldman Sachs, Bessemer Venture Partners, Brevan Howard Digital, Thoma Bravo, Citi Ventures and Galaxy Ventures, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sir Keir Starmer’s visit to China last week was the first by a British prime minister for eight years. His attendance at a gathering of EU leaders this week is the first since Brexit. When … Read more