Tag: Yahoo Finance

Four-day-old Government Collapses in India’s Richest State

(Bloomberg) -- A four-day-old coalition government led by the Bharatiya Janata Party collapsed in the western Indian state of Maharashtra after it failed to muster a majority.Chief Minister Devendra Fadnavis resigned in Mumbai, the state’s capital, which is also home to India’s benchmark stock exchange and leading conglomerates, Reliance Industries Ltd. and the Tata group.The latest twist in the state’s ongoing political drama is a setback for Prime Minister Narendra Modi who had backed Fadnavis’ candidacy for the top job as his party laid out its ambition to govern all of India’s states. The BJP found itself in a minority after its partner walked out of a coalition due to differences over power sharing.“The BJP has always maintained that they are a party that’s different from others. But they have shown that they are as ruthless if not more when it comes to gaining power,” said Rahul Verma, a researcher at...

Buterin vs Cohen: Ethereum and BitTorrent creators feud on Twitter

BitTorrent founder Bram Cohen has sparked a Twitter feud with Ethereum founder Vitalik Buterin after posting a thread of negative tweets criticising Buterin’s thoughts on scalability, sharding, code obfuscation, and the proof-of-stake consensus. BitTorrent is one of the most popular peer-to-peer file-sharing protocols ever made and was acquired by blockchain protocol Tron last year, with Cohen then moving on to his own project - the Chia Network. Last Friday, Buterin posted a lengthy blog post to his personal website, entitled “Hard Problems in Cryptocurrency: Five Years Later”, where he laid out some of the most difficult challenges cryptocurrency researchers have faced ranked according to how much work had been done on them. However, Cohen disagreed with Buterin’s view of theThe post Buterin vs Cohen: Ethereum and BitTorrent creators feud on Twitter appeared first on Coin Rivet....

Flush With Cash From Target, Startup Attacks Rental Headaches

(Bloomberg) -- When Bill Smith moved to San Francisco in 2016 to work on his grocery-delivery startup, the most annoying part was finding an apartment.Poring through rental listings in an unfamiliar city, calling the gas company, waiting for an internet connection -- the entrepreneur had little patience for any of it. So, after Smith sold his company, Shipt, to Target Inc. in 2017 for $550 million, he decided to use some of that cash to do something about it.In June, using $15 million of his own money, he started Landing, a membership-based firm that provides short-term furnished rentals in some of the country’s most expensive cities. He’s leasing blocs of apartments from landlords including Related Cos. and AvalonBay Communities Inc., filling the units with furniture and dishware, hooking up cable and internet and renting them out at a markup for as little as 30 days.“Renting needs to change,” Smith, 34, said...