Business

Investors Worry Trump’s Tariffs Could Cause a ‘World of Hurt’ for Startups

“To the extent you are mid-stream in raising capital, get that closed as soon as possible. We repeat, close anything mid-stream ASAP,” Hazard wrote. “And be really judicious about how your capital is being deployed.” Managing partner Charles Hudson told WIRED that his venture firm, Precursor, has stakes in several ecommerce startups that could be…

A New Mexico Man Faces Federal Charges for Allegedly Setting Fire to a Tesla Showroom

A New Mexico man is facing federal charges for two separate incidents of alleged arson—one at an Albuquerque Tesla showroom and one at the New Mexico Republican Party’s office—according to a Monday press release from the Department of Justice. Jamison Wagner, 40, was charged with allegedly setting fire to a building or vehicle used in…

A Cybersecurity Professor Disappeared Amid an FBI Search. His Family Is ‘Determined to Fight’

The wife of data privacy professor Xiaofeng Wang, who was fired from his tenured job at Indiana University, Bloomington (IU) the same day the couple’s houses were searched by the Federal Bureau of Investigation last month, said on Monday that she believes her family has been unfairly targeted by the US government and is the…

Why It’s Impossible for Most Small Businesses to Manufacture in the US

When one factory in one of these towns designs a new product, others nearby can quickly copy it or produce their own, slightly different version. There’s even a Chinese word for these kinds of dupes: shanzhai. Creating such a densely concentrated and rapidly iterative ecosystem like this took years of concentrated effort. “It all requires…

The US Is Turning a Blind Eye to Crypto Crimes

Meanwhile, the Trump family’s crypto empire continues to expand. In late March, Eric Trump and Donald Trump Jr., the president’s sons, announced a new bitcoin mining venture. Shortly before that, the parent company of Truth Social, Trump’s social media platform, entered an agreement to launch a series of crypto-exchange-traded funds. President Trump himself has previously…