Y Combinator

Investments

Silicon Valley Incubator Backs Its First Defense Company

Image Credit: iStock, Austin Nooe

Y Combinator is backing Ares Industries, a defense company that builds “low-cost cruise missiles.” It previously avoided the defense market.

2 min read

Photo by Terrence Bowen via Pexels

Industries

US Airlines Pull in Billions a Year in ‘Junk Fees’, Senate Report Says

Tuesday’s Senate report is a sort of parting shot to the airline industry from the outgoing Biden Administration.

2 min read
Photo by Tareq Ismail via Unsplash

Banking

Wells Fargo’s Costly Asset Cap Likely to Be Lifted in 2025

America’s fourth largest bank has been barred by US regulators from adding assets to its balance sheet since 2018.

1 min read
Photo by Christian Harb via Unsplash

International Economics

Trump Vows Tariffs on Canada, Mexico, and China

Trump promised in a Truth post to levy via 25% tariffs “on ALL products coming into the United States” from Mexico and Canada.

2 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.