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Argentine peso, stocks fall after ruling party’s election setback

[ad_1] Argentina has a long history of economic crises, hyperinflation and defaults. Photo: LUIS ROBAYO / AFP/FileSource: AFP The Argentine peso and share prices dropped sharply Monday after President Javier Milei’s libertarian party suffered a drubbing in a key provincial election. The dollar rose 5.3 percent compared to Friday as …

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Cognition AI defies turbulence with a $400M raise at $10.2B valuation

[ad_1] Cognition AI, the startup behind AI coding agent Devin, has hit a $10.2 billion valuation after raising $400 million, marking a jump from the company’s $4 billion valuation earlier this year, reports Bloomberg.  Founders Fund, the Peter Thiel-backed VC, led Cognition’s latest round, with participation from existing investors like …

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