Last year saw several retailers report that their profits were being hurt by “shrink.” That’s the industry term for lost inventory due to a variety of factors, though much of 2023’s reporting dealt with losses from a wave of retail theft. But as 2024 begins, investors...
Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional banks, BNPL providers rely on the market to obtain funds for offering small loans and installment plans to shoppers, exposing...
IBM is launching a $500 million venture fund to invest in artificial intelligence (AI) companies. The fund’s primary focus will be on accelerating generative AI technology and research for the enterprise, IBM said in a Tuesday (Nov. 7) press release. The IBM Enterprise AI Venture Fund aims...
The cryptocurrency market has seen substantial outflows over the last nine weeks, with investors withdrawing close to half a billion dollars from crypto products. The past week alone witnessed outflows totaling $54 million, marking the fifth consecutive week of selloffs, Bloomberg reported Monday (Sept. 18), citing data...
June 05, 2020
If recent headlines have taught us anything, it is that economic support and investments can go a long way toward helping cities, businesses and individuals navigate any number of challenges (the pandemic is only among the most recent challenges). Unemployment is at historic levels. Small businesses (and not a few large ones) are at risk […]
February 12, 2020
With a slight miss on earnings and revenue numbers and year-on-year declines in both areas, investors seemed a bit nervous in after-hours trading Tuesday (Feb 11) when Western Union reported...
May 10, 2019
Uber’s IPO priced at the (very) low end of revised ranges on Thursday (May 9). Investor sentiment is muted amid Lyft’s own downturn, general market volatility and, of course, a...
February 08, 2019
If bad days are measured by declines in stock market prices, then yesterday (Feb. 7) was a really bad day for Grubhub. It was the day that the online food...
February 04, 2024
So far, 2024 has been something of a mixed bag for high-profile IPOs. The initial public offering (IPO) market flagged in 2022 and 2023, and Wall Street had hoped this year would offer a turnaround. But as Bloomberg News reported Sunday (Feb. 4), two of this year’s three biggest public listings have underperformed. First there’s […]
January 09, 2024
Last year saw several retailers report that their profits were being hurt by “shrink.” That’s the industry term for lost inventory due to a variety of factors, though much of...
November 09, 2023
Buy now, pay later (BNPL) company Affirm continues to see demand from investors, reportedly defying earlier concerns about rising interest rates affecting all BNPL lenders. Unlike traditional banks, BNPL providers rely on...
November 07, 2023
IBM is launching a $500 million venture fund to invest in artificial intelligence (AI) companies. The fund’s primary focus will be on accelerating generative AI technology and research for the enterprise,...
