Patreon Grows Valuation to $4 Billion after Funding Round
Patreon Inc., an online platform that connects creators with fans, hit a valuation of $4 billion in a $155 million investment round, according to the Wall Street Journal. The value…
Japanese Household Confidence Jumps to a 8-Year High amid Price Pressures
Japanese Central Bank survey showed that households’ economic outlook confidence in March jumped to an eight-year high of minus 8.5 from minus 23.1 in December. 62.4% of households expect prices…
Amazon’s Bezos Backs Biden’s Infrastructure Plan and Corporate Tax Increases
Amazon founder and CEO Jeff Bezos supports President Joe Biden’s $2 trillion infrastructure plan and corporate tax increases, according to the company’s statement. Bezos says the Congress has supported infrastructure…
Facebook is Testing a Venmo-like QR Codes for its Payments Service in the U.S
Facebook is testing a new QR code feature and payment links for use with Facebook Pay, according to Techcrunch. The QR code feature, similar to Venmo’s QR codes, will allow…
Cryptocurrencies Boosted with the Formation of Lobby Group
Fidelity Investments and Square Inc. are leading other financial firms in forming a trade group to shape the regulation of cryptocurrencies, reports The Wall Street Journal. The Crypto Council for…
Global Economy Faces Divergent Recoveries amid Robust Growth Prospects, Says IMF
The International Monetary Fund has warned of highly uncertain global prospects characterized by divergent recoveries from the pandemic. With global growth projected to hit 6% this year, IMF says recoveries…
Sarcos Robotics to List through a $1.3 Billion SPAC Merger with Rotor Corp
Sarcos Robotics will go public through a merger with special purpose acquisition company Rotor Acquisition Corp. according to the company’s press release. The combined company has an enterprise value of…
SAP Closes up 4.8% on News Google will Adopt its Financial Software
SAP shares closed up 4.8% on Monday after news emerged Google will stop using Oracle and adopt its internal financial software in the coming weeks, reports CNBC. There is no…
iPhone Assembler Hon Hai Grows Revenues by 44% as Gadgets Demand Rises
Hon Hai Precision Industry Co. recorded a revenue jump of 44% to NT$1.34 trillion or $47 billion in the first quarter, according to the company’s press release. The revenue was…
BP on a Record Start to the Year Following Oil Industry Recoveries
Higher energy prices and strong results from the trading division helped British Petroleum to record a solid start to the year, according to the Wall Street Journal. The results gave…
Ether Rally Drives the Crypto Market Capitalization above $2 Trillion
The value of the cryptocurrency market topped $2 trillion for the first time on Monday, driven by a rally in the second-largest digital coin, ether. The market capitalization of the…
Credit Suisse Incurred a $4.7B Loss on Archegos Mishap
Credit Suisse Group AG lost $4.7 billion from the meltdown of Archegos Capital Management, according to the Wall Street Journal. The bank slashed its dividend and said its investment banking…
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