If there’s one area that has thus far felt insulated from the global venture downturn, it’s infrastructure. Companies that offer banking as a service and help other businesses offer their own financial services and products in particular continue to rake in the dollars. The latest such company in Latin America is São Paulo-based Dock, which […]
In a week that saw two-thirds of its members falling 20% or more, the FinTech IPO Index fell to an all-time low, diving 27% for the week and extending its year-to-date loss to roughly 50%. Source: PYMNTS As the above chart shows, after peaking last March, the newly formed benchmark of recently listed FinTech companies […]
SINGAPORE — Shares in Asia-Pacific were lower on Thursday as tech stocks sold off following overnight losses on Wall Street — after data showed the consumer price index stateside in April remaining near the highest level in more than 40 years. In Hong Kong, the Hang Seng Tech index declined 3.84% to 3,864.95. Shares of […]
Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a 7.6% stake in Robinhood, according to a Thursday filing with the Securities and Exchange Commission. Shares of the investing company jumped 36% at one point in extended trading before pulling back. They were last up about 25%. In regular trading Thursday the stock hit […]
Beyond Meat on Wednesday reported a wider-than-expected loss for its first quarter as the launch of its new plant-based jerky weighed heavily on margins. Shares of the company fell as much as 25% in extended trading, extending the stock’s losses from earlier in the day. Beyond’s stock closed Wednesday down 13.8% ahead of the company’s […]
Inflation is hovering near 40-year highs. The Consumer Price Index, a key inflation metric, increased 8.3% in April from a year ago, the largest jump since the summer of 1982, the U.S. Department of Labor said Wednesday. While a slight reduction from the 8.5% rate in March, the readings tell a similar story: Consumers are losing […]
Electric vehicle maker Rivian Automotive on Wednesday maintained its 2022 production target, saying it’s still on track to build 25,000 vehicles this year, as it reported a jump in reservations and a first-quarter loss that was slightly narrower than Wall Street had expected. Here are the key numbers from Rivian’s first-quarter earnings report: Loss per share: $1.43, narrower than […]
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an […]
Pfizer’s purchase of migraine medication maker Biohaven Pharmaceutical represents a commitment to expand the reach of its calcitonin gene-related peptide (CGRP) franchise, CEO Vlad Coric told CNBC’s Jim Cramer on Tuesday. “There are still over 300,000 physicians in the U.S who write for the older triptans and have not yet written for one oral CGRP,” […]
Investors in bitcoin are in panic mode as the controversial terraUSD stablecoin slips further from its intended $1 peg. TerraUSD, or UST, sank below 70 cents for the first time late Monday, as holders continued to flee the token in what some have described as a “bank run.” The token fell as low as 62 […]
After months of teasing, Harley-Davidson’s LiveWire brand has unveiled its second all-electric motorcycle, the new middleweight Del Mar. Built on the brand’s new Arrow platform, it features a 60 kW motor capable of accelerating the EV from zero to 60 miles per hour in under four seconds, Electrek reported on Tuesday. The Del Mar’s 21700-format […]
April’s consumer price index report is expected to show inflation has already reached a peak — a development that some investors say could temporarily soothe markets. But economists say, even with a reprieve in headline inflation, core inflation could gain on a monthly basis and stay elevated for months to come. Core inflation excludes food […]
