Klarna, a fintech firm from Sweden, announced that it had raised $639 million in its latest funding round. The latest investments into the fintech were led by SoftBank. The cash infusion now places Karna’s value at $45.6 billion, making it the most valuable unicorn fintech firm in Europe. Globally,...
As the economy reopens and investors are hopeful about the future, some stocks are rallying. An AMC Entertainment trading frenzy ensued on Wednesday, and trading was briefly halted several times as the rally gained momentum. At its highest point by midday, shared were 80 percent higher. In all, over...
Teenagers who want access to the stock market will soon have an option to join in. Fidelity plans to launch a Fidelity Youth Account that will cater to savings and investment accounts for 13 to 17-year-olds. The offering will have no fees and allow teens to buy and sell...
Shares of the car rental firm Hertz soared by up to 68 percent on Wednesday after the company chose a $6 billion turnaround bid that gives a rarely seen shareholder payout. By the close of trading on Wednesday afternoon, shares had settled at $5.72 per share, 55...
Barcelona-based travel startup, TravelPerk, has announced that it’s raised $160 million during a funding round by Greyhound Capital. The travel management firm has headquarters in London, Berlin, Barcelona, and Chicago. The new cash is coming from venture capitalists who are looking to an international...
British neobank, Starling, has just received a $69 million cash infusion from Goldman Sachs. Goldman made the investment through its growth equity division.  James Hayward, Managing Director of Goldman Sachs, said: “Starling is one of the leading and most innovative digital banks in the...
Expedition, a venture capital firm headed by Jeff Bezos, has led a $100 million funding round for Pilot. The funding round was co-led by Bezos and Whale Rock Capital, with Silicon Valley investors, Index Ventures, and Sequoia also participating in the funding. Pilot enables...
Shares of ViacomCBS have fallen by more than 30 percent over the past few days. On Wednesday, the entertainment company’s stock closed 23 percent lower as analysts from Bank of America weighed concerns that Viacom may not have the ability to execute streaming. Doubts were also cast...
Warren Buffett’s net worth just surpassed $100 billion. Buffett's record milestone comes as Berkshire Class A shares closed out at a record high on Wednesday, bringing share prices at 14 percent higher for the year.  Buffett owns 249,000 of the Class A stocks, each...
Wall Street rallied on Friday from the previous day’s sell-offs while bond yield prices eased. Also, a stronger jobs report than was anticipated increased optimism that the economy would recover faster. The Dow soared 572.16 points to 31,496.30, or 1.9 percent higher. Meanwhile, the...