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- Activists are chasing Palantir across the US this week to protest its contracts with ICE Summary List PlacementAs Palantir prepares for its public direct listing later this month, activists are following the company across the US with a series of protests against its ties to Immigration and Customs Enforcement, the Pentagon, and other federal law enforcement agencies. The protests were organized by Mijente, an immigration rights group that started the #NoTechForICE campaign to publicly shame Silicon Valley companies that do business with the agency. The group has pressured Palantir for years after publishing documents that show Palantir's data-crunching software was used by ICE to manage information on undocumented people in order to plan arrests. Protests…
- Chime's valuation skyrocketed to $14.5 billion last week Summary List PlacementThe US neobank closed a funding round last week that brought its valuation to $14.5 billion, per CNBC, confirming speculation. This is nearly double its valuation in December 2019 and almost 900% higher than just 18 months ago, when it was valued at $1.5 billion. Chime's successful raise comes in contrast to UK neobank Monzo, which accepted a down round in June that it attributed to the uncertain economic environment. With this funding round, Chime surpassed stock trading fintech Robinhood as the most valuable US consumer fintech. Chime has more than tripled its transaction volume and revenues this year, and it's adding hundreds…
- JPMorgan says a two-week lockdown in the UK could slash 2% off GDP Summary List Placement A two-week lockdown in the UK could slash 2% off the country's monthly gross domestic product, a JPMorgan economist said. New measures against COVID-19 in the UK could lead to a "greater policy response" in the form of further stimulus and support for affected workers, JPMorgan's Allan Monks wrote in a note dated September 21. Closing down the hospitality industry could lead to a behavioral change, which might mean "the indirect impact might end up being larger, or longer lasting." Prime Minister Boris Johnson's scientific advisers have said the daily number of cases in the UK could…
- Broncos power rankings roundup: How the national media ranks Denver entering Week 3 Here’s a look at how various publications rate the Broncos in their power rankings entering Week 3: Bleacher Report (No. 25): “If the season gets away from them (again), the Broncos could face some tough decisions regarding their head coach and quarterback in the offseason.” CBS Sports (No. 24): “With Drew Lock out 2-6 weeks with a shoulder injury and Courtland Sutton done for the year, it’s not pretty right now for the Broncos. It’s all about building to the future,” Pete Prisco writes. ESPN (No. 24): “Hey, you said under the radar, right? Broncos TE1 Noah Fant certainly isn’t…