News: Business/Economy

Latest News

NYU MBA, Victim In Subway Violence, Remembered As
NYU MBA, Victim In Subway Violence, Remembered As 'Vibrant, Beloved'

Michelle Alyssa Go She was a "vibrant, beloved and committed classmate," a "stellar student" and a "natural leader." She was an MBA from an elite business...

Apple
Apple's 24-inch 8-core iMac M1 is back down to $1,399

If you've been patiently waiting to pick up the new iMac, now is your chance to do so at a discount.

Space startup Wyvern raises $4.5M and joins YC
Space startup Wyvern raises $4.5M and joins YC's latest cohort

A Canadian startup working at the cutting edge of satellite imaging has raised $4.5 million across a combination of a $2.25 million seed round, and $2.25 million from a combined pre-seed and government funding. Wyvern, which is working specifically on hyperspectral imaging (imaging that captures light across many different wavelengths, including non-visible ones) is also joining Y Combinator's Winter 2022 cohort. Since then, the startup has made some significant moves beyond just the funding, including growing to a total of 18 employees and bringing on aerospace industry veteran and former Airbus CTO Christine Tovee.

Rebundle raises $1.4M for plant-based hair extensions
Rebundle raises $1.4M for plant-based hair extensions

This morning Rebundle, a hair-focused startup based in St. Louis, announced that it has raised $1.4 million in a pre-seed round. Prior to its pre-seed round, Rebundle had raised what CEO and co-founder Ciara Imani May described as six-figures worth of grant, and other non-dilutive capital in an interview with TechCrunch. Rebundle creates and sells hair extensions made from plant-based materials.

Bitcoin investors dig in for long haul in
Bitcoin investors dig in for long haul in 'staggering' shift

As bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a...

How to snap a screenshot on your iPhone: Talking Tech podcast

How to snap a screenshot on your iPhone: Talking Tech podcast

Turkey
Turkey's Spyke raises $55M in a seed round to bring a social twist to casual mobile games

Istanbul has become a city to watch when it comes to casual gaming startups, boosted by the likes of Peak (acquired by Zynga for $1.8 billion) and Dream (valued at $1 billion in a funding round last year). Now, a new startup is announcing a major round of funding to make its own mark on the space. Spyke Games, which hopes to bring a new dimension to casual games by using multiplayer functionality and other social elements, has raised $55 million in a seed round of funding.

That time France tried to make decimal time a thing
That time France tried to make decimal time a thing

During the Revolution of 1789, France briefly considered converting the realm's clocks to run on a 10-hour day. It did not end well.

The Station: Cali regulators eye Tesla FSD, Turo files to go public, Local Motors shuts down
The Station: Cali regulators eye Tesla FSD, Turo files to go public, Local Motors shuts down

The biggest micromobility news from the past week is that Ford-owned Spin laid off a quarter of its staff and is preparing to exit all open-permit markets around the world. The company will wind down operations in some U.S. markets, Germany and Portugal and is projected to close in Spain as early as February 2022. In a blog post CEO Ben Bear said this strategy would help accelerate the company's path to profitability, as "open permit market dynamics have made it difficult to identify a clear path to profitability."

21 Items That Are Always Cheaper at Costco
21 Items That Are Always Cheaper at Costco

Costco is known as a low-price leader, but as the big-box and warehouse store landscape becomes more and more competitive, it's getting harder to find...

Ukraine bonds sink into distress, Russia drops as tensions bite
Ukraine bonds sink into distress, Russia drops as tensions bite

Ukrainian sovereign dollar bonds slipped into distressed territory and Russian bonds suffered sharp falls on Monday as geopolitical tensions between the two ...

Amazon rows back on threat to stop accepting UK-issued Visa cards
Amazon rows back on threat to stop accepting UK-issued Visa cards

Amazon appears to have rowed back from a public threat to end support for Visa payments in the UK in a dispute over payment fees. The ecommerce giant sent an email to users of Amazon.co.uk today informing them that the "expected change" -- which was due to take place on January 19 -- will not now take place on that day.

22 Cheap, Beautiful Places To Retire
22 Cheap, Beautiful Places To Retire

If you're like most people facing retirement, you don't have an unlimited budget. Even so, that doesn't mean that you have to settle for living out what are ...

Bitcoin
Bitcoin's slump could be the start of a 'crypto winter' that sees prices crash, UBS says. Here are three reasons why.

A deep and drawn-out crypto crash of the sort seen in 2018 is a growing possibility, analysts at investment bank UBS have warned.

Amazon UK won
Amazon UK won't ban Visa credit cards on January 19th after all

Amazon now says it will accept Visa cards in the UK after January 19th.

INDmoney raises $75M for its super finance app in India
INDmoney raises $75M for its super finance app in India

Indian startup INDmoney has raised $75 million in a new round as it attempts to build a super finance app to become a "one-stop shop" for people's investments and expenses, a top executive said on Monday. Tiger Global, Steadview Capital, and Dragoneer co-led the startup's $75 million Series D funding, said Ashish Kashyap, founder and chief executive of INDmoney, in an interview with TechCrunch. The startup, which is valued at about $600 million in the new round, is working to raise another $10 million from a fund, said Kashyap, who is also personally investing in the new round.

Amazon sale slashes Fire tablet prices by up to 50 percent
Amazon sale slashes Fire tablet prices by up to 50 percent

If you've been waiting for a sale to buy one of Amazon's Fire HD tablets, today might be the day.

After Dutch antitrust order, Apple starts letting local dating apps use alternative payment options
After Dutch antitrust order, Apple starts letting local dating apps use alternative payment options

Another regulatory brick in the wall for Apple: The iPhone maker agreed this weekend to changes to its App Store in the Netherlands focused on dating apps, agreeing to allow local developers of dating apps to be able to offer non-Apple based payments (via Reuters). In December, the Netherlands Authority for Consumers and Markets (ACM) found Apple in breach of national competition rules -- ordering it to adjust what it described as "unreasonable conditions" in the App Store that apply to dating app providers. Apple had been facing the threat of a financial penalty if it failed to make changes by the weekend.

The UK Government is reportedly preparing a PR blitz against end-to-end encryption
The UK Government is reportedly preparing a PR blitz against end-to-end encryption

The UK Home Office is reportedly planning ads to mobilize public opinion against end-to-end encryption using what critics called "scaremongering" tactics.

Japanese woman files US$2.9 million lawsuit against sperm donor who lied about identity
Japanese woman files US$2.9 million lawsuit against sperm donor who lied about identity

A Japanese woman gave her newborn up for adoption after discovering that the child's biological father, a sperm donor, lied about his identity. The 30-year...

AI chip designer Moffett AI raises
AI chip designer Moffett AI raises 'tens of millions of dollars' in Series A round

China's call to foster semiconductor independence has sent investors chasing after chip startups of all sorts. Moffett AI, a Shenzhen-based chip design company, has received a fresh Series A injection. The round was led by CoStone Capital and the Greater Bay Area Homeland Development Fund, a financial vehicle set up to support startups in the GBA economic zone, which is China's grand project to integrate Hong Kong, Macau, Shenzhen and several other cities in the southern province of Guangdong.

China challenges Britain over Huawei ban after reports intelligence services found no security threat
China challenges Britain over Huawei ban after reports intelligence services found no security threat

China has challenged the UK to justify its ban on Huawei Technologies amid claims British intelligence had "planted people" in the Chinese telecoms giant and...

InFlow, a science-based app for ADHD, raises $2.3M Seed led by Hoxton Ventures
InFlow, a science-based app for ADHD, raises $2.3M Seed led by Hoxton Ventures

Attention deficit hyperactivity disorder (ADHD) symptoms can include anxiety, chronic boredom, impulsiveness, trouble concentrating, controlling anger, and even depression. Now a startup, which launched in 2020, hopes to address this by pouring the knowledge of a team of clinicians and coaches into an app with a guided program to address ADHD symptoms. To help, Inflow claims to enable users to implement Cognitive Behavioral Therapy (CBT) coping strategies into their daily lives.

Animoca, Galaxy Interactive and Polygon back gaming firm nCore in web3 push
Animoca, Galaxy Interactive and Polygon back gaming firm nCore in web3 push

Animoca Brands and Galaxy Interactive, two high-profile investors in the crypto space, led the funding. Polygon, a popular layer 2 Ethereum scaling solution, and Hyperedge Capital also participated in the round. Scores of angel investors including Amitabh Singhal, Sandeep Nailwal, Kanwaljit Bombra, Sohil Chand, Ashish Chand, Ram Madhvani, Rakesh Kaul, Mannan Adenwala, Sanjay Narang, Taj Haslani, Kristian Segerstrale, Sanjay Gondal, Vedant Baali, Kartik Prabhakara, Peter Leung, Yashraj Akashi and Akshay Chaturvedi also invested in the round.

Apple may have dropped built-in noise cancellation on the iPhone 13
Apple may have dropped built-in noise cancellation on the iPhone 13

Apple's "Noise Cancellation" accessibility feature has been a staple on past iPhones, but may have been permanently removed from the iPhone 13.

Ghanaian fintech Float raises $17M seed to power cash flow for commerce in Africa
Ghanaian fintech Float raises $17M seed to power cash flow for commerce in Africa

Cash flow is a major pain point for small businesses in Africa. Long payment cycles, which can take 30-90 days after services or products have been rendered, and little or no capital, of which research says 85% of African small and medium businesses are subject to, are the main culprits of cash flow issues. The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically.

Gradient, 10xFounders back Zowie
Gradient, 10xFounders back Zowie's no-code, e-commerce customer service tool

Customer service tickets tend to fall into the same few buckets - returns, refunds or quality control questions. Not only are these repetitive, but it leaves little time for customer engagement on more complex requests, like relaying information on products or helping a customer find the best product for them. Maja Schaefer and Matt Ciolek, co-founders of Zowie, believe much of that repetitive work can be automated.

Spain
Spain's Payflow, a salary advance startup, banks $9.1M to fuel a super app growth strategy

Barcelona-based Payflow, a YC-backed salary-advance fintech with ambitions to evolve into a neobank, has banked a $9.1 million Series A funding round -- bringing its total raised since January 2020, when the business was founded, to $13.6M. Investors in the round include a mix of national and international funds, including Spain's Seaya Ventures, a new backer of Payflow and Cathay Innovation via its C. Entrepreneurs Fund, which are co-leading the round; with participation from Force Over Mass Capital, Y Combinator and Rebel Fund. Payflow says the model has won it friends in works councils and labor unions.

Juro draws $23M into its browser-based contract automation platform
Juro draws $23M into its browser-based contract automation platform

London-based legaltech startup Juro has grabbed $23 million in Series B funding for its browser-based contract automation platform. Investors in the Series B are Eight Roads, which led the round -- plus existing investors Union Square Ventures, Point Nine Capital, Seedcamp and Taavet Hinrikus (Wise/TransferWise co-founder). Eight Roads' partner, Alston Zecha, joins Juro's board.

Ugandan fintech Asaak raises $30million to support acquisition of motorbikes, smartphones by taxi operators
Ugandan fintech Asaak raises $30million to support acquisition of motorbikes, smartphones by taxi operators

Asaak, a Ugandan asset financing startup, has secured $30 million in pre-Series A equity and debt funding. The round saw the participation of new and existing investors including Resolute Ventures, Social Capital, HOF Capital, Founders Factory Africa, End Poverty Make Trillions, Decentralized VC and a number of angel investors. Asaak offers motorbike financing to operators, who are often locked out by formal banking institutions due to stringent security requirements comprising income history and regular account activity.

Billionaire Louis-Dreyfus Gets $457 Million From Trading Giant
Billionaire Louis-Dreyfus Gets $457 Million From Trading Giant

(Bloomberg) -- Just over a year ago, Margarita Louis-Dreyfus's financial outlook looked grim. Most Read from BloombergOne of the World's Wealthiest Oil Exporters Is Becoming UnlivableDjokovic Loses Shot at Tennis History as Australia Deports StarChina Cuts Interest Rate as Growth Risks Worsen With OmicronIran-Backed Houthis Claim Drone Strikes on UAE, Three DiePutin's Troops Wouldn't Get Cheers in This Once Pro-Russia CityThe Russian-born heiress was trying to sell a stake in Louis Dreyfus Co.,

Tado, the German smart home energy startup, plans to go public via a SPAC at a €450M valuation
Tado, the German smart home energy startup, plans to go public via a SPAC at a €450M valuation

Tado, the German smart home startup that specializes in thermostats and more recently moved into flexible "time of use" energy tariffs based on loadshifting technology, is today announcing the next step in its life as a business. GFJ ESG Acquisition, a German SPAC entity focused specifically on sustainable technologies, said it will combine with tado and list the new company on the Frankfurt exchange. GFJ and tado are now working on the PIPE transaction, which when completed is expected to value tado at €450 million ($514 million at today's rates).

Land Prices Surge on Cardano Metaverse Project Pavia
Land Prices Surge on Cardano Metaverse Project Pavia

Over 60% of 100,000 virtual land plots have sold on Pavia, with the remaining set to go under the hammer later this quarter.

Singapore cbank issues guidelines to discourage crypto trading by public
Singapore cbank issues guidelines to discourage crypto trading by public

The Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to...

Social robotics company Furhat buys Sphero spin-out company Misty Robotics
Social robotics company Furhat buys Sphero spin-out company Misty Robotics

Misty has had a hell of a journey of it. After raising $11.5 million from Foundry and Venrock, then crowdfunding its personal robot, the company hit a series of challenges. Today, Swedish social robotics company Furhat Robotics is offering the beleaguered startup a gentle landing in what the Swedish company says is an all-cash deal.

7bridges raises $17M to automate logistics supply chains using AI
7bridges raises $17M to automate logistics supply chains using AI

Supply chain logistics -- getting components and eventually finished products from A to B to C -- is one of the most critical parts of running a business, not least because it is one of the most complex, involving dozens of companies, hundreds of combinations and permutations, accounting for world events outside of your business, a lot of people hours to figure it all out. Today, a startup called 7bridges that is aiming to simplify that by way of an AI-based automation platform -- it ingests a company's supply chain, operating and logistics data to present a user with optimized recommendations for how to move goods -- is announcing $17 million in new funding, a sign of the demand in the...

滙豐日日升 收息投資可重新部署？
滙豐日日升 收息投資可重新部署？

近日滙豐（SEHK：5）股價走勢轉強，更已突破52週高位，有什麼正面因素支持升勢？收息投資可重新部署？

Today in History for January 17th
Today in History for January 17th

Highlights of Today in History: Benjamin Franklin born; Soviet and Polish forces liberate Warsaw; Eisenhower farewell address; Japan earthquake; Al Capone is...

How much snow will New York get Sunday and Monday? See projected inch counts
How much snow will New York get Sunday and Monday? See projected inch counts

Snow storm forecasts for New York show that some areas could get close to 20 inches of snow.

Subaru unveils a 1,073HP electric race car
Subaru unveils a 1,073HP electric race car

Subaru is diving further into EVs with its 1,073HP STI E-RA race car concept as well as a Solterra STI.

Safari exploit can leak browser histories and Google account info
Safari exploit can leak browser histories and Google account info

A security flaw in Safari and WebKit lets sites obtain some of your browser history and Google account info.

Apple
Apple's digital car keys may work with Hyundai and Genesis models this summer

Hyundai and Genesis vehicles might support Apple CarKey by this summer.

Puerto Rico
Puerto Rico's generous tax breaks and stunning beaches are attracting an influx of crypto entrepreneurs: report

Crypto enthusiasts are increasingly moving to Puerto Rico. Under Act 60, residents do not have to pay taxes on capital gains.

Amazon Kindle is back on sale for $50 today only
Amazon Kindle is back on sale for $50 today only

Amazon's standard Kindle is down to just $50 as part of a one-day sale.

Ukraine blames Russia for cyberattack against government websites
Ukraine blames Russia for cyberattack against government websites

Ukraine has pinned a major cyberattack on Russia, and the malware involved is built to do serious damage.

'Non-fungi-what?' How I explained NFTs to my boomer parents

My parents never heard of NFTs before I brought them up while playing a card game with them a few weeks ago. A perfect "teachable moment," I thought.

Best ways to save your phone's photos before it's too late

It's best to back up your photos, so they're safe and sound - no matter what happens to your device. The method is up to you. Don't wait too late.

內地又封城　再打亂全球供應鏈　iPhone受波及
內地又封城　再打亂全球供應鏈　iPhone受波及

【on.cc東網專訊】新冠肺炎變種病毒近期在內地蔓延，市場憂慮其清零防疫政策將加劇原本已經緊繃的供應鏈危機。外媒引述美國供應鏈諮詢公司指出，疫情、春節及冬奧等三重因素衝擊下，將會出現一場完美的供應鏈風暴，情況可能較2020年初更糟糕。

How to Get Your Free Covid-19 Tests
How to Get Your Free Covid-19 Tests

Americans will be able to order free Covid tests starting next Wednesday, January 19, the White House announced Friday. Half of the one billion tests ordered...

Thousands of student loans to be canceled in Navient settlement: How to find out if you
Thousands of student loans to be canceled in Navient settlement: How to find out if you're eligible

The settlement will result in the cancellation of $1.7 billion in student loans. Another $95 million will be distributed in restitution payments.

Top News: Economy

© Copyright Daily Magazine