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All articles tagged with #us companies

Stripe hits a $159B valuation after private-share sale, delaying IPO
business10 days ago

Stripe hits a $159B valuation after private-share sale, delaying IPO

Stripe’s latest employee-share sale lifts its private-market valuation to $159 billion, letting it stay private longer while focusing on AI and stablecoins rather than a public listing. Investors including Thrive Capital, Coatue and Andreessen Horowitz bought stock, with Stripe also purchasing shares itself. The company processed $1.9 trillion in payments in 2025, up 34% year over year, and reported profitability for a second straight year as it expands globally and leans into AI-enabled, consumer-friendly payments.

via Financial Times|
#business#european-companies#fintech
Trump backs emergency energy auction to charge data centers for AI power
us-politics-and-policy1 month ago

Trump backs emergency energy auction to charge data centers for AI power

President Trump and several state governors urge PJM, the grid operator for the US northeast and Midwest, to hold an emergency auction in which large data-centre operators bid to build new power plants and fund about $15 billion in capacity, with tech giants paying for the electricity sold through the auction even if they don’t use it. The aim is to curb rising utility bills driven by data-centre demand amid expectations of a surge in data-centre energy use, though it remains unclear whether PJM will act and how feasible the plan is.

via Financial Times|
#electric-power#energy-sector#us-companies
U.S. Oil Giants and Trump’s Venezuela Strategy
business1 month ago

U.S. Oil Giants and Trump’s Venezuela Strategy

U.S. oil giants expressed cautious interest in investing in Venezuela's oil sector during a meeting with President Trump, emphasizing the need for legal and security assurances, while highlighting the challenges posed by Venezuela's current investment climate and sanctions. Despite some signals of willingness, major companies like Exxon and ConocoPhillips remain cautious, citing the need for significant reforms and restructuring before committing to large investments, as the U.S. government explores ways to revive Venezuela's oil industry.

via Axios|
#business#investment#oil
US and Allies Tighten Restrictions on China's Semiconductor Industry
world5 months ago

US and Allies Tighten Restrictions on China's Semiconductor Industry

A bipartisan investigation reveals that American and allied companies, including Dutch and Japanese firms, have significantly contributed to China's semiconductor industry by selling equipment and technology, which fuels China's military ambitions, human rights abuses, and economic self-sufficiency. The report warns of the risks to US national security and recommends tighter export controls, aligned international policies, and increased enforcement to preserve US technological leadership.

via Select Committee on the CCP | (.gov)|
#china#export-controls#national-security
TransUnion Data Breach Exposes 4.4 Million Customers' Information
technology6 months ago

TransUnion Data Breach Exposes 4.4 Million Customers' Information

TransUnion disclosed a data breach affecting over 4.4 million customers, with hackers accessing personal data including names, birth dates, and Social Security numbers, though the company claims no credit information was accessed. The breach was due to unauthorized access to a third-party application, and the perpetrators remain unidentified.

via TechCrunch|
#cybersecurity#data-breach#personal-information
Arizona woman sentenced to 8 years for North Korea-related identity theft and tech-worker scheme
world7 months ago

Arizona woman sentenced to 8 years for North Korea-related identity theft and tech-worker scheme

An Arizona woman, Christina Chapman, was sentenced to over eight years in prison for her role in a $17 million scheme that helped North Korea steal American identities to secure remote IT jobs, aiding North Korea's sanctions evasion and economic activities. The scam involved stealing 68 U.S. identities, targeting hundreds of companies, and operating a 'laptop farm' to fake remote work, with Chapman claiming she was motivated by her mother's terminal illness. The DOJ continues to investigate North Korea's efforts to fund its weapons programs through such schemes.

via NPR|
#identity-theft#north-korea#prison-sentence
world7 months ago

Arizona Woman Sentenced to 8 Years for Facilitating North Korean Remote Worker Scheme

An Arizona woman was sentenced to eight years in prison for running a 'laptop farm' that facilitated North Korean remote workers, generating over $17 million for North Korea between 2020 and 2023 by deceiving U.S. companies into hiring North Koreans as remote employees using stolen identities. The scheme involved at least 90 laptops and impacted major corporations, highlighting significant cybersecurity risks for U.S. businesses.

via Politico|
#cybercrime#laptop-farm#north-korea