This company said that it raised these funds in a Series B capital round. A CNBC report cited unnamed sources who claimed that this latest fundraising brings Story’s value to $2.25bn. Polychain, a crypto venture capital firm, and Brevan Howard, the investment fund of British billionaire and hedge fund manager Alan Howard, also invested in…
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Hanes had been duped by cryptocurrency scammers in a ‘pig butchering’ scam where he took money out of the Kansas bank to send to the scammers’ wallets. Federal prosecutors said that the scam appealed to his greed. The embezzlement led to the bank collapsing and being taken over by the Federal Deposit Insurance Corporation (FDIC).…
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Legal experts reportedly indicated this could heighten the prosecution risk of those trading in virtual currencies. Based on a report in the South China Morning Post, Shao Shiwei, a lawyer from the Mankun Law Firm in Shanghai, pointed out that this court's judicial interpretation affects Chinese crypto investors in mainland China. He allegedly wrote: From…
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This broader collaboration enables the companies to offer Fastlane by PayPal, a functionality that will expedite digital checkout flows for enterprise and marketplace customers. According to the digital payment giant's press release, this initiative will be rolled out in the US before extending it to its global customer base. Both companies believe Fastlane by PayPal…
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Bloomberg reported that economists from Goldman Sachs (GS) and Wells Fargo & Company (WFC) expect that preliminary labour revisions will reflect a 600,000 weaker payroll growth in the year leading up to March 2024. JPMorgan Chase & Company (JPM) predicted a decline of 360,000, but Wells Fargo thinks that it may even be as much…
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Since May 2022, Netflix’s shares soared over 300% from their low point in May 2022, making it the only major publicly traded streaming company to recover to the all-time-high levels since COVID-19. Investors were drawn to the rapid subscriber growth as people stayed at home and the shares soared. In contrast, other streaming companies have…
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The company went public on the Nasdaq in March, and the price has been volatile since then, with a loss of 36% of its value in the last month. After the latest fall, it’s now at its lowest point since the public launch. DJT is the company that operates the social media platform called Truth…
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These layoffs allegedly include approximately 600 positions at the company’s tech campus near Detroit. The dismissals follow hot on the heels of GM executive changes in operations. This includes the appointment of Mike Abbott, a former Apple Inc. (AAPL) executive, who, citing health reasons, resigned from GM in March 2024 after less than a year…
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This rating puts Revolut in first place among Europe’s leading private technology firms. It also means it has overtaken the biggest banks in the UK, including NatWest (NWG) and Barclays (BARC) in terms of overall valuation. The global bank is based in London and was launched by Storonsky in 2014; starting life as a pre-paid…
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Analysts attributed the growth to boosts received from the sale of football shirts and other merchandise triggered by England’s Euros final. Other contributing factors were sales of alcoholic drinks, electronics and discounted sports equipment. Clothing and footwear, and homeware sections, experienced a 0.6% backslide. Sales in food flatlined, staying more or less the same. The…
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