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Business

“Israel’s Cyera triples valuation to $1.4 bln in funding led by U.S. investment firm”

“April 9 (Reuters) – Israel’s data security firm Cyera has tripled its valuation to $1.4 billion in less than a year as it raised fresh capital in a series C funding led by U.S. tech-focused fund Coatue Management… The rapid… Continue Reading…

Stocks

“U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit”

“Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. The negative growth rate missed even the… Continue Reading…

Business

“Cleveland-Cliffs to Buy ArcelorMittal USA for $1.4 Billion”

” Cleveland-Cliffs Inc. will buy the U.S. operations of ArcelorMittal SA for $1.4 billion in cash and shares to become the biggest flat-rolled steel producer in North America. Ohio-based Cleveland-Cliffs expects its second major deal in less than a year to… Continue Reading…

Economy

“Payrolls increase by nearly 1.4 million as the unemployment rate tumbles”

“Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4%… An alternative measure that includes discouraged workers and those holding part-time jobs for economic reasons also fell, down to 14.2% from 16.5% in July and… Continue Reading…