Fidelity Wrote Down Canadian Unicorn Hootsuite and Other Tech Startups
Fidelity Investment wrote down many of tech startups in its January valuation report. Canadian startup darling Hootsuite Media Inc. was among the list.
Finance/Venture
What Empower Finance's Acquisition of Petal Means for Cardholders
Empower Finance acquires Petal, merging strengths for cardholders. Potential access to Empower's financial tools may come with subscription fees.
Trump Media Provides Short-Selling Prevention Tips Following DJT Stock Price Decline
After a 63% decrease in DJT's share value, Trump Media has advised shareholders on protecting their stocks from short selling, with detailed instructions now available on their FAQ page...
Tech Giants Gear Up for Earnings Showdown; Investors Await if AI Strategies Turned Into Profits
Tech giants, including Apple, Microsoft, and Nvidia, are up for earnings showdown season, with Generative AI taking center stage as companies aim to translate AI investments into tangible profits...
Tesla Wants to Reapprove $56 Billion Salary for Elon Musk After a Court Decision Called it 'Flawed'
Tesla wants shareholders to agree to give Elon Musk a $56 billion pay package following a void from Delaware's court ruling, prompting the EV company to move its company registration to Texas instead...
IMF: Russia's Economy to Grow Faster Than US, Other Advanced Economies Despite International Sanctions Over Ukraine
Despite international sanctions over its war in Ukraine, the Internati...
Microsoft's $1.5 Billion Investment in AI Firm Allegedly Linked to China Raises Security Concerns
Microsoft's $1.5 billion investment in G42, an AI firm based in the UA...
Latest News
Foresters to acquire ACM and AFM from Proj Fox Acquisition
Foresters and Proj Fox Acquisition have signed a deal on February 29, 2016, whereby, Foresters will indirectly buy both Aegon Fund Management (AFM) and Aegon Capital Management (ACM).
Joyce Phillips quits from ANZ amid business reform
Joyce Phillips, head of Australia & New Zealand Banking Group's wealth management business, is stepping down from the bank after a restructure of wealth business. The restructuring move will reduce th
Brexit Will Endanger UK Financial Sector,BlackRock Inc Said
The world-biggest asset management firm, BlackRock Inc warned that withdrawal from EU will damage financial sector in the UK. The nation will face higher unemployment and inflation if Brexit's decisi
Palo Alto Networks, Splunk and Salesforce Drove Nasdaq Up
Following slow start of the year, tech companies began to come to life. As Palo Alto Networks, Splunk and Salesforce.com brought Nasdaq to soar 2% in the last five trading days.
Puerto Rico Desperately Needs US Help to Handle Debt
Puerto Rico, the island territory of U.S. is in the crisis due to its surmounting debt. Governor Alejandro Garcia Padilla repeated the island's debt will lead to moratorium.
China's super regulator plan may merge banking, securities & insurance sectors
China is working on a new financial super-regulator mechanism to take care of banking, securities and insurance segments under one umbrella. Recent turmoil in the financial markets are driving the Chi
India to Infuse $3.65 Billion of Capital Into Government-Run Lenders
India is about to fund $3.56 billion of capital to govrnment-run lenders because of bad and restricted loans. Banks felt relief as the government is ready to help them when they need the capital.
Fintech Startup Will Change Global Finance as Regulators Closely Watch
Year 2015 was dubbed as year of fintech. As financial technology startup companies flourish and gain huge fund. Global regulators are closely monitoring the fintech startups and will propose rules to
The Biggest Bank in Norway Heads European Central Bank in Launching Monetary Stimulus in Euro Zone
European Central Bank (ECB) is expected to launch monetary stimulus next month to help banking system in euro zone. Norwegian's biggest bank DNB ASA supported the effort as stated by its chief of ass
