Fast, a firm that offers online checkout and identity services, has raised $102 million in a Series B round back in March 2021. Stripe, a previous investor in Fast, led the current fundraising round.
Go Deeper (2 min read)More than 23 million American families (nearly one in every five) got a pet during the pandemic and many new owners have spent big on their pets. U.S. consumers spent $21.4 billion on non-medical pet supplies in November 2022.
Go Deeper (2 min read)Today's economic environment is reminding investors of the so-called "stagflation" that affected developed economies throughout the 1970s and 1980s. These periods were marked by slowing economic growth, rising inflation and growing unemployment.
Go Deeper (2 min read)Most recently IPOed companies have seen their valuation cut in half in the last months. These include well-known companies like SoFi, Marqeta, Robinhood, Affirm and many other so-called FinTechs or SaaS companies.
Go Deeper (2 min read)On Wednesday, the Chinese government signaled support for the listing of Chinese companies abroad and that its crackdown on technology companies would end soon.
Go Deeper (2 min read)EQT is a global investment firm created in 1994 that focuses on investing in, developing, and owning businesses in a variety of geographies, industries, and business models.
Go Deeper (10 min read)Russia and Ukraine produce the majority of the raw materials used in chip manufacturing. Both neon gas, which is used to feed lasers that print circuitry onto silicon, and palladium, which is utilized in subsequent production stages, are abundant in the countries.
Go Deeper (2 min read)According to a Western official and a US diplomat, the US has knowledge that China has expressed some interest in giving Russia with requested military and financial aid as part of its attack on Ukraine.
Go Deeper (3 min read)Google is paying $5.4 billion to acquire cybersecurity firm Mandiant Inc, a purchase that could have a "ripple effect" as cloud competitors Microsoft and Amazon ratchet up their attempts to secure the fast-growing industry.
Go Deeper (2 min read)In premarket trading Monday, Bed Bath & Beyond stock jumped more than 70% when GameStop Chairman Ryan Cohen revealed that his investment firm, RC Ventures, owned a roughly 10% position in the business.
Go Deeper (2 min read)Hermès is a premium fashion house based in France that was founded in 1837. Leather products, lifestyle accessories, home furnishings, fragrances, jewellery, watches, and ready-to-wear are among its specialties. It has had a Duc carriage with horse as their emblem since the 1950s.
Go Deeper (8 min read)Russia's invasion of Ukraine is likely to raise inflation according to Jerome Powell, which would be a blow to the Fed's predictions of easing pricing pressures in the coming months.
Go Deeper (2 min read)SoftBank Group Corp is set to reduce its holding in Chinese e-commerce giant Alibaba, according to an analyst, as the Japanese tech titan focusses on unlisted companies and repurchases its shares. In the last quarter, SoftBank sold 20 million Alibaba shares and could sell even more shares in 2022.
Go Deeper (2 min read)Tesla revealed plans for its first Gigafactory in Europe near Berlin in late 2019, challenging Germany's conventional car industry titans Volkswagen and Daimler.
Go Deeper (2 min read)We've cleared our stake in the last higher risk / reward holding we held. We have thus sold our positions in Sinch AB, Prosus, Digital Turbine, Embracer Group, Adobe, XP Inc, Bandwidth and other stocks.
Go Deeper (1 min read)The luxury group's sales, as well as those of its rivals Kering and Richemont, have risen dramatically as a result of rising demand for European fashion and accessories.
Go Deeper (2 min read)The Intercontinental Exchange (ICE) is a Fortune 500 corporation based in the United States that manages worldwide exchanges, clearing houses, and provides mortgage technology, data, and listing services.
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