April 26, 2024
“Car rental operator Hertz (HTZ) reported it lost another $200 million due to its EV gamble… The company previously said it would sell off 20,000 EVs from its fleet, meaning it will now dispose of 30,000 EVs in its fleet… Continue Reading…
April 19, 2024
“…Americans toss as much as $68 million worth of change each year, according to Reworld. The sustainable-waste processing company is on a treasure-hunt to find it. The company says that in the seven years since it started the effort, it… Continue Reading…
April 16, 2024
“Vertex Pharmaceuticals VRTX -0.02%decrease; red down pointing triangle has agreed to acquire Alpine Immune Sciences ALPN -0.01%decrease; red down pointing triangle for $4.9 billion in cash, bolstering its portfolio on kidney diseases as deals in biotechnology continue to heat up. The companies said Wednesday that Vertex would… Continue Reading…
April 10, 2024
“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…
April 10, 2024
“Washington continues to spend like deficits and debt don’t matter, and the politicians would rather you don’t know. For the record, the Congressional Budget Office reported Monday that the federal budget deficit for the first six months of fiscal 2024,… Continue Reading…
April 5, 2024
“Private equity firm Silver Lake announced Tuesday that it’s acquiring entertainment company Endeavor Group Holdings for $27.50 a share. Endeavor’s stock rose more than 2% Tuesday afternoon after a brief halt ahead of the announcement. It was trading just under $26 per share. Silver… Continue Reading…
April 3, 2024
“Japan said Tuesday it has approved up to 590 billion yen ($3.89 billion) in additional subsidies for chipmaker Rapidus Corporation, as the country plays catch up with other nations on semiconductor manufacturing. The latest round of support will include up to… Continue Reading…
February 13, 2024
“Americans now owe a collective $1.13 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances increased by $50 billion, or roughly 5%, in the fourth quarter of 2023,… Continue Reading…
December 11, 2023
“Michael Baum’s cybersecurity software company, Splunk, just sold to Cisco for $28 billion. It might have never even existed if Steve Jobs didn’t visit Drexel University in 1983…” https://www.cnbc.com/2023/09/23/splunk-sold-for-28-billion-steve-jobs-inspired-co-founder-in-college.html Most of the article was not about the business itself so I… Continue Reading…
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