2 sports execs launch firm to invest up to $50M in early-stage firms

Newcastle United’s Alexander Isak in action with Crystal Palace’s Cheick Doucoure. Lee Smith | Reuters Two longtime sports executives are launching an investment firm they say will back startups capitalizing on the growing opportunities at the intersection of sports, media and entertainment. Velocity Capital Management said Tuesday it will invest …

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Thousands of customers affected in Revolut data breach

The personal details of thousands of customers were exposed after digital challenger bank Revolut was hit by a “highly targeted cyber attack”. The app-based bank, launched in the UK in 2015, admitted that a third party gained access to the personal details of 0.16% of its 15 million customers, but …

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Layoffs loom on the horizon, some economists say

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently that we’re in a recession. We have two quarters of declining GDP that often happens with …

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