Atomico, the European venture capital firm, said in a report on Thursday (Nov. 30) that over the course of the past few years, close to half of the money that went into initial coin offerings (ICOs) has come from European investors. According to news from Reuters,...
Froth. Not just on your cappuccino. In your portfolio. At the very moment the period is being put on the end of this sentence, the equities markets are roaring ahead. As per usual, it seems. The Dow Jones Industrial Average is up 300 points headed...
Uber’s valuation may be looking at a haircut — Japan’s SoftBank is officially offering to purchase shares of the firm at a $48 billion valuation. That is a 30 percent discount off of Uber’s most recent valuation of $68.5 billion, a person familiar with the matter...
On the face of it, China’s announcement that it would open its financial markets to increased ownership by foreign companies seems a sea change. But then again, refocus a bit and the waves look like ripples. The facts are thus: Earlier this month, Finance Minister...
Walmart CEO Doug McMillon said the company’s turnaround, which was aimed at pushing back against Amazon’s dominance, is finally starting to resonate with Wall Street. In an interview with TheStreet.com, McMillon said Walmart has been accelerating its pace of change, which has driven the retailer’s...
PayPal announced Monday (Nov. 20) it has inked a deal with Acorns, the investing platform, in which customers can use PayPal to fund their investment accounts. In a corporate blog post, PayPal said the deal with Acorns is part of the company’s focus to help...
Deliveroo, the U.K. food delivery startup, has landed $98 million in fresh venture funding led by T. Rowe Price Associates and Fidelity Management & Research Company. With the new round of funding, the company, which closed on a Series F round at the end of...
The European Securities and Markets Authority (ESMA) warned investors about the risks of initial coin offerings (ICOs) in a statement on Monday (Nov. 13) and also issued rules for firms that become involved in them. ESMA said it has witnessed the rapid growth of ICOs — for...
Recent moves from Donald Trump to undo policy changes in U.S. relations with Cuba have caused U.S. businesses to pull back on excitement over getting involved with the island, according to news from Reuters on Friday (Nov. 10). Cuba is home to 11 million consumers, with...
