Payments startup SumUp, known for its tiny card readers, announced it has raised $306.6 million in a round valuing the company north of $8.6 billion.
Schlagwort-Archiv: Markets
China’s livestream shopping is booming, fueling new tech such as avatars and AI
Livestreaming is cementing itself as a growing sales channel in China, driving new tech products such as virtual human streamers and mobile data packages.
Macy’s receives $5.8 billion buyout offer, sources say
The offer values the retailer at $21 per share, according to the sources. Macy’s closed at just over $17 a share on Friday.
How activist Palliser Capital may build shareholder value at Korean industrial giant Samsung C&T
Palliser Capital has a history of working with management to bring change.
EU agrees to landmark AI rules as governments aim to regulate products like ChatGPT
EU institutions spent the week hashing out proposals to come up with an agreement on how to regulate tools like ChatGPT.
Buying property in Asia? Real estate specialists give their investment tips
It’s a good time for homeowners in Hong Kong to buy now, but investors hunting for yield might want to think twice, says Peter Churchouse of Portwood Capital.
GameStop’s potential new strategy: Let Ryan Cohen buy other stocks with company cash
The Chewy co-founder and investor is gaining even more power at GameStop, which was at the center of the meme stock craze of 2021.
Geopolitics and central banks could keep gold demand hot in 2024, World Gold Council says
A combination of geopolitical tensions and continued central bank buying should see gold demand remain resilient next year, according to the World Gold Council.
Morgan Stanley and Wells Fargo are making headlines. Here’s our take on the news
Recent news reports shed light on how our financial names are pushing forward amid a tough operating environment.
QR codes may be a gateway to identity theft, FTC warns
The digital codes have become popular. But thieves are also using them to steal your personal data, the Federal Trade Commission warned.