The U.S. may be about to hit its debt ceiling.Treasury Secretary Janet Yellen said last week that the U.S. would likely hit the ceiling Thursday. Absent steps taken by Congress, the event may “cause irreparable harm to the U.S. economy, the livelihoods of all Americans,…

Founders Fund, the venture capital firm co-founded by billionaire Peter Thiel, closed almost all of its eight-year bet on cryptocurrencies shortly before the market began to crash last year, generating about $1.8bn in returns.The San Francisco-based fund made its first investment in bitcoin in early…

Despite the rally in Bitcoin that has seen prices jump around 27% since the start of the year, on-chain data suggests that Bitcoin whales are not using the pump as an opportunity to sell their holdings. According to some analysts, this is a sign of…

Elon Musk made the “split-second decision” to tweet that he had “funding secured” to take Tesla private in 2018 after seeing a story in the Financial Times, a lawyer for the billionaire told jurors in San Francisco on Wednesday. Musk sent the message while in…

Alex Karp, CEO of Palantir, on day two of the World Economic Forum in Davos, Switzerland.Stefan Wermuth | Bloomberg | Getty ImagesPalantir co-founder and CEO Alex Karp knows many tech workers in Silicon Valley have misgivings about his data mining firm’s dealings with intelligence agencies…

The chief executive of United Airlines warned that air travellers can expect continued chaos this year and that competitors have sold more flights than they can realistically operate.The airline industry is dealing with constraints that will limit flying this year, Scott Kirby told investors on…