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‘The mood is very grim’: Once-hot fintech sector faces IPO delays and consolidation
Investment in fintech is slowing as worries around rising inflation and the prospect of higher interest rates have dented economic sentiment.Elena Noviello | Moment | Getty ImagesAMSTERDAM — Financial technology companies are putting IPO…
Moderna says updated COVID booster is superior to original vaccine shots, could begin
Moderna announced new data on Wednesday suggesting a new version of its COVID-19 vaccine will offer superior protection to its original formulation of shots, based on studying antibodies generated by their new boosters in blood…
Update on IBM’s Business Operations in Russia
Update on IBM’s Business Operations in Russia
By Arvind Krishna | Chairman and CEO, IBM
June 07, 2022
The following message was shared with IBMers worldwide from our Chairman and CEO, Arvind Krishna, on May 30th.
On…
Shares of Chinese EV maker BYD jump after exec says company is set to supply batteries to
This photo from Dec. 2019 shows robotic arms spray painting a car body shell at the BYD Automobile Company Limited Xi'an plant. BYD is set to supply Tesla with batteries "very soon," a senior company executive told a Chinese state media…
Global Growth Will Be Choked Amid Inflation and War, Says World Bank
For large and small nations around the globe, the hope of averting a recession is fading, the World Bank warned on Tuesday.The grinding war in Ukraine, ongoing supply chain chokeholds, Covid-related lockdowns in China and dizzying rises…
Target shares fall more than 8% as it expects squeezed profits from aggressive plan to
Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania.Sopa Images | Lightrocket | Getty ImagesTarget warned investors Tuesday that its profits will take a short-term hit, as it marks down…
Peloton Swaps Out Finance Chief as It Navigates Persistent Losses
Peloton Interactive Inc.
is exchanging its top finance executive about four months after it named a new chief executive, a move that comes as the fitness-equipment maker navigates…
Two more states hit $5 a gallon gas prices
The national average jumped to $4.87 a gallon on Monday, according to AAA. That's up 25 cents in the past week and 59 cents in the past month.There are now 10 states where the average price of gasoline is $5 a gallon or higher, with the…
China’s Ant Group launches digital bank ANEXT in Singapore
A man walks past an Ant Group logo at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 8, 2021. REUTERS/Yilei Sun/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterBEIJING, June 6 (Reuters)…
Crypto winter has come, and Coinbase is in trouble
Coinbase is pulling back on its hiring efforts. In a memo posted to Coinbase’s site, chief people officer L.J. Brock announced that Coinbase is putting a pause on hiring new employees, as well as rescinding several job offers already…