Months after rejecting a $17 billion offer, Zendesk sells to a private equity group for $10.2 billion – TechCrunch

Months after rejecting a  billion offer, Zendesk sells to a private equity group for .2 billion – TechCrunch

For a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3pm PDT, register here. Hey everyone, welcome to Friday’s edition of the Daily Crunch. As you may have seen, the Supreme Court today issued a major ruling on abortion, effectively overturning Roe v. Wade in declaring that the … Read more

Should the Fed start selling its mortgage holdings at a loss to strengthen its fight against inflation?

Should the Fed start selling its mortgage holdings at a loss to strengthen its fight against inflation?

However, a big question still facing investors, lenders and anyone trying to navigate the still-hot housing market is whether the Federal Reserve will start selling off its mortgage treasury to strengthen its fight against inflation. The central bank is so far trying to fight inflation by more traditional means: raising benchmark interest rates. Undoubtedly, housing … Read more

Why Solana is making it big on mobile – and making a smartphone

In short Solana Labs today unveiled a mobile platform called SMS and an Android smartphone. decrypt spoke with Solana co-founder Anatoly Yakovenko after the event. SolanaThe teasers leading up to yesterday’s “SMS” event hinted at something mobile-related, but few could have imagined the turnaround announced in New York City. Yes, Solana Labs has built a … Read more

S&P 500 gains 3.1%, Dow adds more than 800 points

U.S. stocks rose on Friday as the S&P 500 ended a three-week streak of losses as investors digested the latest assertions by Federal Reserve officials that they remained committed to curbing inflation. The S&P 500 is up more than 3%, posting a straight day of gains and its first weekly advance since late May. The … Read more

Let’s start this recession!

President Biden is the last optimist standing. Fed Chairman Jerome Powell made it clear this week that a recession will not stop the Fed from raising interest rates as high as necessary to reduce inflation. He even seemed to be looking forward to a recession. After Powell testified before Congress on June 22, Fed Whisperers … Read more