Startup founders are turning to 'seed-strapping' in a difficult funding environment

Oil prices surged to a five-month high after a US strike on Iran's nuclear facilities, but fell over 5.6% when Iran refrained from further attacks, including closing the Strait of Hormuz, a vital trade route. While a closure could spike prices significantly, analysts noted that Iran's current restraint suggests economic retaliation isn't imminent, easing immediate market concerns. Explain It To Me Like I'm 5: Oil prices went up after the US attacked Iran, but then...

Carlos Owens, 35, was arrested in Bristol, Connecticut, after getting stuck in a chimney while attempting to rescue his dog trapped in a bathroom. Firefighters had to remove parts of the chimney, causing $5,000 to $10,000 in damages; Owens faces charges including third-degree burglary and was released on a $50,000 bond. Explain It To Me Like I'm 5: A man named Carlos Owens got stuck in a chimney while trying to save his dog that...

The Canada Border Services Agency (CBSA) seized 187 kg of suspected cocaine, valued at $23.3 million, on June 12, 2025, at the Blue Water Bridge in Point Edward, Ontario. A commercial truck from the U.S. was inspected, leading to the arrest of Karamveer Singh, 27, who faces charges related to cocaine importation and trafficking; this marks the fourth significant cocaine seizure at the bridge this year. Explain It To Me Like I'm 5: On June...

President Trump stated that China can continue importing oil from Iran following U.S. airstrikes on Iranian nuclear facilities, while expressing hope that China would also increase oil purchases from the U.S. This commentary follows a ceasefire agreement between Iran and Israel, with Trump emphasizing his administration's intent to re-impose sanctions and exert pressure on Iran's nuclear activities. Explain It To Me Like I'm 5: Trump allows China to buy oil from Iran President Trump said...

Daniel Park, a 32-year-old suspect charged in connection with a bombing outside a Palm Springs fertility clinic, died in federal custody at the Metropolitan Detention Center in Los Angeles. He had been indicted for his role in the incident, which involved shipping explosives to the bomber, Guy Bartkus, who died in the explosion on May 17. Explain It To Me Like I'm 5: A man named Daniel Park, who was in trouble for a big...

As a professional summarizer, create a concise summary of A British man who helped steal $337,700 from 21 mostly elderly Auckland scam victims refused to cooperate with police and stands to inherit his share of the loot when he’s released from prison, a judge says. The judge has thrown out Jack Hennessy’s appeal against the length of his sentence, warning the incarcerated fraudster “it could well have been higher”. The 26-year-old is serving three years...