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Peter Thiel joins tech billionaires backing new lender Erebor to rival Silicon Valley Bank
To be named Erebor, the bank would be backed by high-profile tech investors including Joe Lonsdale, the founder of venture ...
Peter Thiel sold 20 million shares of Facebook just months after its IPO—but they’d be worth nearly $15 billion more if he had held on
Just months after Facebook’s IPO, billionaire PayPal cofounder Peter Thiel cashed out at $20 a share. But they’d be worth 37 ...
Tech billionaires led by Palmer Luckey to launch new bank to rival SVB, FT reports
The group also includes Peter Thiel's Founders Fund and Palantir co-founder Joe Lonsdale, a major donor to U.S. President ...
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Peter Thiel, Tech Billionaires Back New Bank for Start-ups, Erebor, After SVB Collapse: Report
Peter Thiel backs Erebor, a US bank launched by tech billionaires to support start-ups and crypto firms after SVB's 2023 ...
Tech billionaires to launch new crypto-focused bank Erebor amid SVB’s void
A group of tech billionaires led by Anduril co-founder Palmer Luckey are launching a new crypto-focused U.S. bank called Erebor to serve the technology sector, according to a Financial Times report on ...
Tech’s new ‘Lonely Mountain’: Billionaires join hands to guard start-up treasures in Silicon Valley
A group of tech entrepreneurs is preparing to launch a US bank aimed at serving start-ups and cryptocurrency businesses, ...
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‘Palantir Poses a Grave Threat to Americans,’ Says Former U.S. Secretary of Labor
Former U.S. Secretary of Labor Robert Reich recently wrote in The Guardian that Palantir Technologies ($PLTR) is a “grave ...
Tech billionaires plan new bank to serve crypto and startup firms
Erebor was conceived in the wake of the 2023 Silicon Valley Bank failure, which had long served as the banking backbone of ...
Meet ICEblock: The app that lets residents know when immigration agents are in their community
A grassroots network of apps, text threads and forums are sharing real-time ICE location data. The Trump administration says ...
Palantir's Tech To Supercharge US Navy Shipbuilding
BlueForge Alliance and Palantir launch Warp Speed for Warships initiative to digitally transform US Navy's shipbuilding ...
US rate futures raise easing bets for July, fully prices in September cut
NEW YORK (Reuters) -Futures on the federal funds rate on Wednesday lifted the chances of a rate cut by the July policy meting after a much weaker-than-expected private sector jobs report for June. Fed ...
The last holdout bears are Democrats, these strategists say. Their capitulation could fuel the next leg higher for stocks.
Despite this impressive performance, the pair sense a lack of investor wow-factor out there, likely due to some remaining pessimists. In our call of the day, Tschosik and Stockton say those bearish ...