Latest News Hot off the Press

December 28, 2018

Silicon Valley grew a bumper crop of unicorns this year. Amid the buoyant US economy, venture capitalists minted 32 startups worth at least $1 billion in the Bay Area, reports the Silicon Valley Business Journal (pdf).

The companies range from food-delivery service DoorDash to a sneaker company beloved by techies, Allbirds.

Here are the 10 most valuable unicorns of 2018:

While the...

December 13, 2018

Silicon Valley is creeping onto the big banks’ turf. Today, for example, brokerage app Robinhood is rolling out a bank-like checking and savings service that pays surprisingly high interest rates.

Robinhood says these services will offer 3% interest, which tops every other instant-access online savings product in the US, according to Bankrate. The accounts are backed up to $250,000 by the Securities...

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