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Venture firm Benchmark raises new fund without early Uber investor: source
By Jane Lanhee Lee (Reuters) – The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising a new fund, but without one of its most prominent general partners, a source close to the firm said on Wednesday. Benchmark is raising a $425 million 10th fund, […]
Joe Biden issues brutal warning to staff after inauguration –‘I will fire you on the spot’
Joe Biden signs his first executive orders The 46th US President was sworn in on Wednesday after his inauguration ceremony. Mr Biden has already signed 17 executive orders in his first few hours in office. During a swearing-in ceremony for White House staff, President Biden told his employees he would fire them “on the spot” if […]
Dollar dives after U.S. Federal Reserve cuts interest rates to battle coronavirus
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar fell across the board on Tuesday after the U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus. Though Fed Chair Jerome Powell reiterated his view that the U.S. economy remains […]