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Sunday, January 24, 2021
The British start-up, GoCardless, recently raised $95 million in a funding round. That brings the latest valuation for the payments technology company one step closer to $1 billion at $970 million. The funding round was led by Bain Capital. Once the company is valued at $1 billion,...
On Thursday, the Nasdaq Composite and S&P 500 hit record highs. Stock purchases were boosted by the hopes of more fiscal aid coming out of Washington. The Nasdaq rose 0.7 percent higher, while the S&P 500 rose 0.5 percent. The Dow Jones Industrial Average...
Regulators in Massachusetts are accusing Robinhood of aggressively attracting more inexperienced investors and strategically manipulating customers. Regulators filed the complaint on Wednesday against the trading platform. The company is also accused of allowing frequent disruptions and outages without adequately preventing them. The Massachusetts’ Fiduciary...
Many notable investors have recently hailed Bitcoin, citing that it’s on its way up. It seems they were right. On Wednesday, the cryptocurrency made history and not only hit a record high but soared past $20,000 for the first time. Bitcoin traded 5.6 percent higher to nearly...
Japanese holding company, Softbank, has announced that it’s raised $250 million for urban transport scooter firm Tier during a funding round that was led by the company’s second Vision Fund. Investors in Softbank’s Vision Fund have been venture capital firm Northzone, UAE investment firm Mubadala, and Russian-founded...
Stocks that profited after the coronavirus pandemic shuttered doors to businesses have now seen a decline since positive vaccine news has made its way through airwaves. Zoom, Netflix, and Amazon all saw shares fall at 17.4 percent, 8.6 percent, and 5.1 percent, respectively, on Monday. Teledoc Health,...
On Tuesday, shares for solar panel manufacturing company First Solar surpassed analysts’ expectations and rose 12 percent during extended trading. The shares surged after the company announced that its sales had jumped 70 percent in a year-to-year comparison during the third quarter.  First Solar’s...
Micro investment company Acorns said that it’s partnering with ZipRecruiter's online job marketplace to launch a hiring portal. The joint venture will allow clients to browse available job openings and apply for the ones they’re best suited for.  Acorns' CEO Noah Kerner said, “The...
Goldman Sachs crushed analysts’ third-quarter estimates and posted strong results in its asset management and bond trading divisions. Goldman exceeded the $5.57 share estimates and instead generated $9.68 per share or a $3.62 billion profit. Its companywide earnings fell $1 billion more than its...
Square has announced that it is utilizing some of its corporate cash to purchase 4,709 bitcoins, which is equivalent to about $50 million. The new acquisition represents nearly one percent of the payment processor’s total assets as of the second quarter this year. “Square...