Goldman Sachs is scaling back expectations for the buzzy 2-year-old service its new CEO is relying on, and it highlights a major concern with the economy (GS)

Getty Images. Goldman Sachs has cut loan origination targets for its consumer lending platform Marcus for 2019, according to a Bloomberg report. The pullback reflects the firm’s growing concerns about the consumer debt market, the report said. Marcus is a key part of Goldman CEO David Solomon’s growth plans for the bank.  Goldman Sachs is […]

Heartland Tech Weekly: What scaling startups look for in a second location

This week, there are a couple of stories in the Heartland Tech newsletter that touch on scaling startups looking outside of the Bay Area. First, there’s my story on Opendoor adding an engineering office in Atlanta, its first outside of San Francisco. Second, there’s a nice analysis from Crunchbase News on where unicorn companies are opening offices…Read More

Bitcoin has a huge scaling problem—Lightning could be the solution

Enlarge (credit: Aurich Lawson / Getty) Three startups are getting ready to launch one of the most ambitious and important cryptocurrency experiments since the creation of bitcoin itself. Called Lightning, the project aims to build a fast, scalable, and cryptographically secure payment network layered on top of the existing bitcoin network. Essentially, Lightning aims to […]

Bungie opens up about Destiny 2 changes after hidden “scaling” debacle

Enlarge / Bigger weapons and clearer XP gains are coming to Destiny 2, along with private competitive matches. Over the Thanksgiving weekend, intrepid player-investigators caught Bungie misleading players about how much experience they were actually getting for repeated quests in the game. In the wake of that embarrassing revelation, Bungie last night posted a lengthy […]

Secrets to scaling a startup, from the cofounder who expanded Lyft to more than 600 cities

John Sciulli/Getty Images for Lyft If you’re planning to take a Lyft ride this New Year’s, look out for a 30-something driver named John. That’s John Zimmer, by the way, cofounder and president of the $ 7.5 billion ride-hailing service. On an episode of Business Insider’s podcast, “Success! How I Did It,” Zimmer told Business Insider […]

Texas group backing Trump’s unsubstantiated voter-fraud claim is short of cash, scaling back its 2016 election audit

Screenshot via CNN The Houston-based organization that fueled President Donald Trump’s unsubstantiated claim that “millions” of people voted illegally in the 2016 election says it’s scaling back its effort to catalogue the fraudulent votes it alleged.  True The Vote, a watchdog group focused on “election integrity,” says it’s short on the cash needed to complete a […]

World Trade Center-climbing teen arrested again after scaling NYC skyscraper

Published time: 2 Jun, 2017 19:02 New Jersey teenager Justin Casquejo was arrested Thursday for illegally entering and climbing a Manhattan apartment tower. In 2014, Casquejo made news when he climbed the yet-to-be-completed One World Trade Center. Casquejo, 19, is scheduled to be arraigned on Friday on charges of criminal trespassing and reckless endangerment, according […]

Banks are suddenly scaling back lending, and Wall Street isn’t sure what to make of it

Bank lending to consumers and businesses is slowing down. As of last week, commercial and industrial lending had not increased since September 7, the first six-month period of declines since the aftermath of the financial crisis, Bank of America Merrill Lynch said. Consumer-loan growth has also slowed, up by 1.4% since the November election versus […]

White House intruder arrested after scaling security fence – reports

Published time: 11 Mar, 2017 16:45 The US Secret Service says one person is under arrest after climbing a fence and entering the south grounds of the White House, AP reports. The breach reportedly took place shortly before midnight on Friday while President Donald Trump was in residence. A backpack being carried by the intruder, […]