A Shanghai mother who forced her daughter to crawl on her knees on a cold night has been accused of abusive parenting. The unidentified woman meted out the punishment in their residential compound at 9pm on January 6. Passers-by who tried to intervene were berated by the mother. A witness, surnamed Xu, said the girl stood up when she reached the compound’s entrance gate. Xu said the mother complai...
A Shanghai mother who forced her daughter to crawl on her knees on a cold night has been accused of abusive parenting. The unidentified woman meted out the punishment in their residential compound at 9pm on January 6. Passers-by who tried to intervene were berated by the mother. A witness, surnamed Xu, said the girl stood up when she reached the compound’s entrance gate. Xu said the mother complained that her family was heavily in debt after buying a flat to provide a better education for her...
Preply , an online marketplace for learning languages, raised $150 million in a funding round, almost tripling its valuation to $1.2 billion. WestCap led the Series D round, which brings Preply’s total funding to more than $299 million, according to a statement seen by Bloomberg. Founded in 2012, Preply is an AI-boosted platform that matches more than 100,000 tutors teaching more than 90 different...
Preply , an online marketplace for learning languages, raised $150 million in a funding round, almost tripling its valuation to $1.2 billion. WestCap led the Series D round, which brings Preply’s total funding to more than $299 million, according to a statement seen by Bloomberg. Founded in 2012, Preply is an AI-boosted platform that matches more than 100,000 tutors teaching more than 90 different languages to learners in 180 countries. The company has had positive earnings before interest, taxes, depreciation and amortization since the fourth quarter of 2024, according to Chief Executive Officer Kirill Bigai. Preply plans to use the funding to expand its engineering department — particularly in its New York and London offices — and build out personalized artificial intelligence tools. Those features can help students take notes, track their progress and identify strengths and weaknesses, Bigai said. Those features have launched for English and Spanish learning, and the goal is to introduce them to all of the languages taught on Preply, he added. To reach this goal, Bigai said the company will hire more than 100 tech-centric positions such as product managers, designers, engineers and AI specialists. WestCap partner Allen Mask will join the Preply board. WestCap, which oversees more than $6 billion in assets, has invested in other startups including Airbnb Inc. and StubHub Holdings Inc. It was Preply’s top priority to find an investment partner “who understands how to build generational brands and how to help and support companies on the late stage of their growth,” Bigai said in an interview. A goal is for the company to hold an initial public offering, he said, declining to provide a timeline.
In this installment of NPR's "Word of the Week" series we trace the origins of the "cravat" (borrowed from the French "cravate") back to the battlefields of 17th century Europe. (Image credit: Hrvoje Polan)
In this installment of NPR's "Word of the Week" series we trace the origins of the "cravat" (borrowed from the French "cravate") back to the battlefields of 17th century Europe. (Image credit: Hrvoje Polan)
The Interior Department said pausing construction of offshore wind farms would allow the government agencies to work with project developers to mitigate potential risks. But wind companies say the administration isn't sharing information about newly-discovered threats. (Image credit: Michael Dwyer/AP)
The Interior Department said pausing construction of offshore wind farms would allow the government agencies to work with project developers to mitigate potential risks. But wind companies say the administration isn't sharing information about newly-discovered threats. (Image credit: Michael Dwyer/AP)
The U.S. president is set to meet with an array of leaders to discuss Greenland. Trump's push to acquire Greenland has turned to antagonism toward allies in recent days. (Image credit: Fabrice Coffrini)
The U.S. president is set to meet with an array of leaders to discuss Greenland. Trump's push to acquire Greenland has turned to antagonism toward allies in recent days. (Image credit: Fabrice Coffrini)
The Trump administration has ordered work stoppages and layoffs and has tried cutting off funding to effectively dismantle the Consumer Financial Protection Bureau. (Image credit: Anna Moneymaker)
The Trump administration has ordered work stoppages and layoffs and has tried cutting off funding to effectively dismantle the Consumer Financial Protection Bureau. (Image credit: Anna Moneymaker)
ICE's budget hovered around $10 billion for years. But President Trump and the Republican-controlled Congress are taking the agency's funding to unprecedented levels. (Image credit: Erin Hooley)
ICE's budget hovered around $10 billion for years. But President Trump and the Republican-controlled Congress are taking the agency's funding to unprecedented levels. (Image credit: Erin Hooley)
At issue are President Trump's efforts to break with 112 years of law and precedent by firing Lisa Cook, a member of the Federal Reserve's governing board. (Image credit: Saul Loeb)
At issue are President Trump's efforts to break with 112 years of law and precedent by firing Lisa Cook, a member of the Federal Reserve's governing board. (Image credit: Saul Loeb)
Given that Cathie Wood and her team at Ark Invest are such big fans of cryptocurrencies, especially Bitcoin (CRYPTO: BTC) , it's only natural that the company has its own spot Bitcoin exchange-traded fund. The ARK 21Shares Bitcoin ETF (NYSEMKT: ARKB) tracks the price of Bitcoin by owning actual tokens of the world's largest cryptocurrency and distributing shares based on ownership. This makes it e...
Given that Cathie Wood and her team at Ark Invest are such big fans of cryptocurrencies, especially Bitcoin (CRYPTO: BTC) , it's only natural that the company has its own spot Bitcoin exchange-traded fund. The ARK 21Shares Bitcoin ETF (NYSEMKT: ARKB) tracks the price of Bitcoin by owning actual tokens of the world's largest cryptocurrency and distributing shares based on ownership. This makes it easy for investors of all kinds to gain exposure to Bitcoin without the hassle of purchasing Bitcoin directly and storing it in a crypto wallet. Image source: Getty Images. Continue reading
In this article US2Y US10Y Follow your favorite stocks CREATE FREE ACCOUNT U.S. Treasury yields declined on Wednesday, tentatively retreating from a sell-off that spurred a flight from U.S. assets on Tuesday, as fresh tariff threats ignited renewed 'sell America' trade fears. At 4:30 a.m. ET, the benchmark 10-year Treasury yield was lower by over 2 basis points to 4.27% — it topped 4.3% at the hig...
In this article US2Y US10Y Follow your favorite stocks CREATE FREE ACCOUNT U.S. Treasury yields declined on Wednesday, tentatively retreating from a sell-off that spurred a flight from U.S. assets on Tuesday, as fresh tariff threats ignited renewed 'sell America' trade fears. At 4:30 a.m. ET, the benchmark 10-year Treasury yield was lower by over 2 basis points to 4.27% — it topped 4.3% at the high of the day on Tuesday. The 30-year Treasury bond was also 2 basis points lower, at 4.896%. The 2-year Treasury note yield was 1 basis point lower to 3.584%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. On Saturday, U.S. President Donald Trump threatened tariffs against eight European allies, starting at 10% on Feb. 1 and rising to 25% on June 1, as Washington continued to insist on reaching a deal to "buy" Greenland, an independent territory in the Kingdom of Denmark. European leaders have hit back against Trump, calling the tariff threats "unacceptable," and are weighing countermeasures against the U.S. The planned duties have raised fears about a "sell America" trade, which could see investors place a higher risk premium on U.S. investments and even dump U.S. assets because it's no longer seen as a reliable trading partner. Danish pension operator AkademikerPension said Tuesday it is exiting U.S. Treasurys due to "poor [U.S] government finances," with the fund currently holding $100 million in U.S. Treasurys. "It is not directly related to the ongoing rift between the [U.S.] and Europe, but of course that didn't make it more difficult to take the decision, "Anders Schelde, AkademikerPension's investing chief, previously said in a statement to CNBC. U.S. Treasury Secretary Scott Bessent shrugged off the move on Wednesday, saying "Denmark's investment in U.S. Treasury bonds, like Denmark itself, is irrelevant."
Former “Real Housewives of Beverly Hills” star Yolanda Hadid has taken her $10.88 million Pennsylvania farm off the market, three months after she listed the “sanctuary” for sale.
Former “Real Housewives of Beverly Hills” star Yolanda Hadid has taken her $10.88 million Pennsylvania farm off the market, three months after she listed the “sanctuary” for sale.
Are Tesla shareholders facing another Twitter situation? Probably not, but they should still pay attention to Elon Musk’s tweets, especially when they’re tied to acquiring another company. Over the weekend and into this week, Musk and Ryanair CEO Michael O’Leary engaged in a surprising beef on Musk’s social-media platform X.
Are Tesla shareholders facing another Twitter situation? Probably not, but they should still pay attention to Elon Musk’s tweets, especially when they’re tied to acquiring another company. Over the weekend and into this week, Musk and Ryanair CEO Michael O’Leary engaged in a surprising beef on Musk’s social-media platform X.
Shareholders in a Baillie Gifford closed-end investment fund have rejected plans by activist investor Boaz Weinstein's hedge fund Saba Capital to oust the board. At a general meeting on Tuesday requisitioned by Saba, 53.2% of votes cast rejected the plan to cull six Edinburgh Worldwide Investment Trust directors and replace them with three Saba-backed candidates. Overall, 92.7% of all the EWIT sha...
Shareholders in a Baillie Gifford closed-end investment fund have rejected plans by activist investor Boaz Weinstein's hedge fund Saba Capital to oust the board. At a general meeting on Tuesday requisitioned by Saba, 53.2% of votes cast rejected the plan to cull six Edinburgh Worldwide Investment Trust directors and replace them with three Saba-backed candidates. Overall, 92.7% of all the EWIT shares, excluding those held by Saba, voted against the proposals. The decision marks a second defeat for Saba Capital in its long-running and at times bitter campaign against the board of Edinburgh Worldwide , a U.K. fund which invests in cutting-edge public and private technology companies. The New York-based $6 billion hedge fund firm, which has raised its holding of EWIT's shares from 25% to 30%, first attempted to shake up EWIT's board in February last year, but ultimately failed to win investor support. Stock Chart Icon Stock chart icon Edinburgh Worldwide Investment Trust. Jonathan Simpson-Dent, Chair of Edinburgh Worldwide Investment Trust, criticized the activist campaign as a "significant and costly distraction." "For the second time in less than a year, Edinburgh Worldwide's shareholders have voted decisively to reject Saba's proposal to install its own nominees to the board and the uncertainty that would have entailed," Simpson-Dent said in a statement. "Saba remains our largest shareholder and we will continue to seek constructive engagement with them to develop potential solutions that allow us to move forward." EWIT's total assets stood at £847.15 million ($1.1 billion) as of Oct. 31. 'An aggressive campaign' Weinstein focused heavily on EWIT's large discount to net asset value. While EWIT's NAV discount has narrowed recently, the U.S. manager highlighted longer-term underperformance, which he called "unprecedented value destruction." He had also zeroed in on the trust's largest holding, Elon Musk's SpaceX, which makes up about 8% of its portfolio. In an open le...
Five Singaporeans are among 55 people booked for littering in Johor Bahru since January 1, as Malaysia steps up enforcement under newly gazetted rules that send offenders to court rather than allowing on-the-spot settlements. Johor Solid Waste Management and Public Cleansing Corporation (SWCorp) director Zainal Fitri Ahmad said the Singaporeans had offered a range of excuses when caught, including...
Five Singaporeans are among 55 people booked for littering in Johor Bahru since January 1, as Malaysia steps up enforcement under newly gazetted rules that send offenders to court rather than allowing on-the-spot settlements. Johor Solid Waste Management and Public Cleansing Corporation (SWCorp) director Zainal Fitri Ahmad said the Singaporeans had offered a range of excuses when caught, including claims that they were picking up rubbish rather than discarding it. “One said they were not...
Apparent move follows withdrawal of Kurdish forces from al-Hawl, where about 24,000 people are detained Syria’s army has reportedly entered the country’s vast al-Hawl detention camp that houses relatives of suspected Islamic State jihadists, after Kurdish forces withdrew . A large group of soldiers opened the camp’s metal gate and entered while others guarded the entrance, according to an Agence F...
Apparent move follows withdrawal of Kurdish forces from al-Hawl, where about 24,000 people are detained Syria’s army has reportedly entered the country’s vast al-Hawl detention camp that houses relatives of suspected Islamic State jihadists, after Kurdish forces withdrew . A large group of soldiers opened the camp’s metal gate and entered while others guarded the entrance, according to an Agence France-Presse journalist at the scene. Continue reading...