‘Britain’s Bill Gates’: Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?

Key Points

British tech entrepreneur Mike Lynch was acquitted in June of fraud charges in a landmark trial.
He was accused by Hewlett Packard of working to artificially inflate the value of his company Autonomy when he sold it to the U.S. tech giant for $11.7 billion in 2011.
Lynch — once lauded by the U.K. press as “Britain’s Bill Gates” — is now missing after the sinking of a superyacht off the coast of Sicily.

Source

Finance

Stocks making the biggest moves premarket: Delta Air Lines, WK Kellogg, PTC, AMD and more

July 10, 2025

Check out the companies making headlines in premarket trading. Delta Air Lines — Shares advanced nearly 12% before the opening bell after the airline reinstated its 2025 profit outlook , and second-quarter revenue and net income exceeded analyst estimates. Brazilian stocks — The iShares MSCI Brazil ETF (EWZ) dropped nearly 2% premarket after President Donald […]

Finance

Photos show Altman, Iger and Cook arrive at ‘summer camp for billionaires’ in Sun Valley

July 9, 2025

Key Points Top executives from tech, media and finance gathered in Sun Valley, Idaho, for Allen & Co.’s annual conference this week. The gathering is often referred to as “summer camp for billionaires.” Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and OpenAI CEO Sam Altman were pictured entering the lodge. […]

Finance

Trump’s next Fed chair pick already comes with a credibility problem

July 9, 2025

Key Points The next Fed chair faces an additional burden: credibility issues now that President Donald Trump has stepped up efforts to exert a heavy hand on monetary policy. Trump reportedly is considering naming a “shadow chair” until the current occupant, Jerome Powell, leaves office next year, in an attempt to pressure the Fed into […]