Fortune
Trump says U.S. Navy to impose Hormuz blockade after Iran ceasefire talks end with no deal. ‘No one who pays an illegal toll will have safe passage’
The United States will impose a naval blockade of the Strait of Hormuz after ceasefire negotiations with Iran collapsed without an agreement, President Trump announced. Trump blamed Tehran's nuclear ambitions for the breakdown in talks, warning that no vessel paying tolls to Iran would receive safe passage. The move signals a dramatic escalation in U.S.-Iran tensions, with Trump indicating military force against Iran remains on the table.
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Fortune
These cofounders quit corporate jobs, took on $100K in credit card debt, and slept in a Denny’s—now their $1.2B company is backed by Serena Williams
Wemimo Abbey and Samir Goel bet everything on their fintech vision, racking up $100,000 in credit card debt and sleeping in a Denny's before Esusu reached a $1.2 billion valuation. The company, which helps renters build credit by reporting on-time payments to credit bureaus, has since attracted backing from high-profile investors including Serena Williams. Their story is a stark reminder that some of today's most valuable startups were built on the edge of financial ruin.
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