Revolut is valued at $45 billion through secondary share sale
Revolut signed agreements with investors for a secondary share sale that values the company at $45 billion. The British FinTech launched a secondary sale of shares to provide liquidity to employees and attract both new and existing investors, according to…
Investors, entrepreneurs and good ideas become collateral damage in the battle between the US and China over dual-use technologies
Not long ago, globalization seemed to be an irresistible force that made physical and virtual borders obsolete. But geopolitics inevitably set in, dividing the world once again. Today, technology is a key driver of this fragmentation. Our global ambitions to…
EPL shares rise 12% to 35-month high on strong Q1 results; should you invest now?
Shares of EPL, a leading global specialty packaging company, rose 12% in morning trade, hitting a 35-month high of ₹243 per share. This increase came after the company reported strong numbers for the quarter ended June that were in line…
Cathie Wood buys $2.4 million worth of shares in major technology companies
Cathie Wood, head of Ark Investment Management, is generally a long-term investor, but she often increases or reduces her positions. She typically buys when prices dip and sells when they rise. This week she snapped up a major technology stock….
The stock market rotation fizzles out as quickly as it began
What was touted as a major rotation on Wall Street toward smaller companies stalled as quickly as it began. The same stocks that had finally attracted greater investor interest for weeks are now experiencing a mass exodus as investors recalibrate…
SAP shares rose 50% last year: Will the momentum continue? – August 12, 2024
SAP SE‘S (SAP Quick QuoteJUICE – The stock (Free Report) continues its upward trend, gaining 50% over the past year, compared to S&P 500 Composite and sub-industry growth of 18.6% and 19.8%, respectively. The company is one of the world’s…
Tech managers mourn former YouTube boss
Published on 11 August 2024 Former YouTube boss and Silicon Valley pioneer Susan Wojcicki, who was the video-sharing platform’s longest-serving CEO during some of its most formative years, died Friday at the age of 56, according to a statement from…
Warren Buffett’s sale of 510 million Apple shares will go down in history as one of the best bets of his career
Starting in the first quarter of 2024, Warren Buffett trimmed his immense Apple stock holdings in one of the most well-publicized sell-offs by a famous investor in recent history. Over the past two quarters, Berkshire Hathaway, the Oracle of Omaha,…
Adoption of AI shows that companies need to invest in proactive cybersecurity measures | Tech News
Kaspersky, a global cybersecurity and digital privacy company, said it has integrated AI into its products and used AI models to ward off threats and protect users | (Photo: Reuetrs) According to Kaspersky, the rapid adoption of artificial intelligence has…
Recovery in corporate earnings continues to drive stock market rotation
As the season of quarterly earnings reports for American companies approaches its home stretch, one thing is clear: the long-awaited recovery of companies that were spared from the artificial intelligence hype has finally begun. The signs of a turnaround are…
