Axios is set to be acquired by Cox Enterprises as it plans to grow the digital news site’s coverage and add more cities. The deal, which values Axios at...
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Klarna’s Valuation Suffers an 85% Decline to USD6.7 Billion
Klarna’s valuation was cut by 85% during a new financing round disclosed Monday, portraying poor investor sentiment towards high-growth tech stocks and “buy now, pay later” companies. The financing...
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Coinbase Seeks Licenses in Europe to Accelerate Growth Internationally
Coinbase (NASDAQ: COIN) announced that it is seeking licenses in several European countries as it strives to expand within the region. According to the company’s Vice President, Nana Murugesan,...
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Alibaba Stock Rises Following Q4 Earnings Results
Alibaba (NYSE: BABA) reported strong fourth-quarter results and its stock rose over 13% amid the news. Nevertheless, the company announced it would not be issuing a forecast for the...
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Snapchat Shares Tumble Alongside other Social Media Stocks
Snapchat (NYSE: SNAP) shares fell over 40% on Tuesday morning after the company cautioned that the slowing economy was greatly affecting digital advertising revenue. The bad news puts the...
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Hyundai Set to Build EV and Battery Manufacturing Facility for $5.5 Billion
Hyundai Motor (OTCMKTS: HYMTF) announced plans to shell out USD5.4 Billion to build its first electric vehicle and battery manufacturing facilities within the United States. The factories will be...
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Robinhood Shares Soar After Crypto Billionaire Takes Stake
Robinhood (NASDAQ: HOOD) shares skyrocketed over 24% on Friday after the CEO of a major crypto exchange acquired a stake in the investing app. According to a document filed...
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Stellantis to Invest $2.8 Billion Towards Canadian Operations
Stellantis (NYSE: STLA), parent company to Chrysler, revealed Monday it is set to invest USD2.8 Billion to restore two Ontario factories and use them to manufacture electric and hybrid...
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Intel CEO Believes Chip Shortage Will Stretch into 2024
The shortage of semiconductors within the U.S. will carry on through 2024 according to Intel (NASDAQ: INTC) CEO Pat Gelsinger. The CEO highlighted that the scarcity of chips had...
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Papa John’s Enters Refranchising Agreement with Sun Holdings
Papa John’s International (NASDAQ: PZZA) has entered a refranchising agreement with Sun Holdings. The deal will give Sun Holdings the ownership and operation of 90 Papa John’s restaurants in...