News

SumUp, a rival to Jack Dorsey's Block, defies fintech funding slump with $307 million cash injection

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.

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.

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.

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.

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.

Robinhood launches crypto trading service in the EU

Robinhood on Thursday launched its crypto service in the European Union, allowing users to buy and sell a range of over 25 digital currencies.

Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans

The heads of America's largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.

Goldman Sachs is betting on the small cap rally. Here's how.

Small cap stocks are undergoing a resurgence, and Goldman Sachs Asset Management is looking to capitalize on it through the exchange-traded fund space.

Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings

A new group of Asia-based companies are contemplating IPOs in the U.S., where international listings were once driven mostly by Chinese startups

Job data suggests ‘soft landing’ is increasingly likely, economists say

Job openings pulled back in October while hires, quits and layoffs stayed steady, pointing to a nearly balanced labor market, economists said.
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