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A senior executive at quantitative trading firm Vatic Labs resigned last month and sued the company, alleging it failed to pay most of a contractually guaranteed $1.5 million bonus, according to a complaint filed in Delaware Superior Court.Rosen Kralev, the former director of trading at the high-frequency trading firm, alleges in court papers that Vatic for months blamed the missed payments on difficulties raising funds. It is the second instance in the past year of a former Vatic executive suing the firm over alleged nonpayment.The complaints by former employees give a rare peek inside a systematic proprietary trading firm’s efforts…

Goldman Sachs has been working with the artificial intelligence startup Anthropic to create AI agents to automate a growing number of roles within the bank, the firm’s tech chief told CNBC exclusively.The bank has, for the past six months, been working with embedded Anthropic engineers to co-develop autonomous agents in at least two specific areas: accounting for trades and transactions, and client vetting and onboarding, according to Marco Argenti, Goldman’s chief information officer.The firm is “in the early stages” of developing agents based on Anthropic’s Claude model that will collapse the amount of time these essential functions take, Argenti said.…

This as-told-to essay is based on a conversation with Alex English, a 38-year-old marketing and communications professional who has been unemployed for over a year and a half, based in Tampa. The following has been edited for length and clarity.I’ve been unemployed for a year and a half. Before being laid off, I lived in LA and worked in marketing and communications at a startup. I was making around $125,000 and still felt poor.After five years at my last job, I was handed a layoff like it was nothing. I moved back to where I grew up in Tampa, Florida,…

SpaceX and Tesla both began in California before relocating their headquarters to Texas — a move Elon Musk has said created a hiring challenge.Musk, the CEO of both companies, said married technicians, engineers, and scientists have struggled to bring their families to certain parts of the state. The problem is most acute at SpaceX’s south Texas launch site and headquarters, known as Starbase.”I call it the ‘significant other’ problem,” Musk said during a nearly three-hour interview with tech podcaster Dwarkesh Patel and Stripe’s cofounder John Collison that was posted on Thursday. “For Starbase, that was particularly difficult, since the odds…

This as-told-to essay is based on a conversation with William Tunstall-Pedoe, 56, an angel investor and founder based in the UK. This piece has been edited for length and clarity.In 2012, I sold my first startup, Evi, to Amazon. It later became Alexa.That gave me the capital to invest in the next generation of startups when I left Amazon in 2016. I leaned into that opportunity, becoming both a mentor and a very active angel investor.It was one of the best experiences I’ve had for career development, because I saw almost every situation that a startup can encounter, both good…

Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico April 4, 2025. Henry Romero | ReutersShares of automaker Stellantis plunged 27% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 billion) hit from a business reset and hinted at a pull-back from its electrification push. In Milan, the company’s Italian shares were 26% lower. In early trading on Wall Street, the transatlantic firm’s New York-listed stock plummeted 25%. Other French auto stocks also fell Friday morning, with…

2026-02-06T06:32:29.265Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Reddit CEO says the platform prioritizes human conversation over bot-driven content. Reddit is investing in verified profiles and labeling AI-generated content. Fourth-quarter earnings exceeded expectations, sending Reddit’s stock up 5%. Reddit is working hard to stay human in the AI era.In the company’s fourth-quarter earnings call, CEO Steve Huffman…

Coach and Kate Spade designers have added AI to their design workflow.On a Thursday earnings call, CEO Joanne Crevoiserat was asked how and where Tapestry is investing in AI.She answered that Coach and Kate Spade’s designers now use AI in their day-to-day work, but the design process starts with hand-drawn sketches.”So there is still a human and a need for design eye, right,” Crevoiserat said. “They do a sketch. But what AI helps is they can iterate on that sketch.””They can do color multipliers. They can make design tweaks, much faster than we could in the past,” she added. Every…

The Internal Revenue Service incorrectly labeled some taxpayers as hostages when providing tax relief, or failed to remove a special indicator for them after they were released from captivity, according to a new report.Processing ContentThe report, released Thursday by the Treasury Inspector General for Tax Administration, follows up on tax relief offered by the IRS after the Oct. 7, 2023 attack by Hamas on Israel in which approximately 254 people, including 12 American citizens, were taken hostage. Some were released only last year. TIGTA initiated the evaluation after hearing reports that individuals who had been held captive abroad were being assessed…

U.S. President Donald Trump makes an announcement from the Oval Office at the White House in Washington, D.C., U.S. Nov. 6, 2025.Jonathan Ernst | ReutersPresident Donald Trump on Thursday is slated to announce the launch of TrumpRx – a direct-to-consumer website that is key to his administration’s efforts to lower prescription drug costs in the U.S. In a post on X, White House press secretary Karoline Leavitt said Trump and other administration officials will debut the new website at 7 p.m. ET on Thursday. She said millions of Americans would save money through TrumpRx, but it’s still unclear if all patients –…