(Bloomberg) — Stripe Inc. is valued at $65 billion after striking a deal that allows current and former employees to cash out some of their shares, a move that could ease pressure on the startup to speed up its path to an initial public offering. Most Read from Bloomberg Under the deal, Stripe and some […]
WASHINGTON (AP) — Two U.S. senators looking to crack down on the number of packages from China that enter the country duty-free are calling on President Joe Biden to take executive action, saying U.S. manufacturers can’t compete with low-cost competitors they say rely on forced labor and state subsidies in key sectors. U.S. trade law […]
UN experts say they are investigating 58 suspected North Korean cyberattacks between 2017 and 2023 that bear a value of approximately three billion dollars (£2.37 billion), with the money reportedly being used to help fund its development of weapons of mass destruction. The panel of UN experts added the high volume of cyberattacks by North […]
Dwayne “The Rock” Johnson could be the next billionaire in the alcohol industry, largely because of the success of his Teremana Tequila brand, according to Celebrity Net Worth. Launched in March 2020, Teremana has experienced rapid growth, selling 300,000 cases in its first year. It’s on track to sell 600,000 cases annually. The potential value […]
Ryan Reynolds, a name synonymous with Hollywood success, is now making headlines in the business world. His ventures he co-owns or sold, spanning various industries, are collectively valued at approximately $14 billion, according to Forbes. His portfolio includes an F1 team, a football club, an alcohol brand, a wireless provider and an advertising agency. Reynolds’ […]
There are few constants on Wall Street. But one thing investors can always count on is a next-big-thing trend demanding attention. For much of the past half-decade, electric vehicles (EVs) have ranked high on the list of game-changing innovations. Although estimates vary wildly, as you’d expect from any industry-changing technology, Fortune Business Insights has penciled […]
Lauren Hammond, the first Black woman elected to serve on Sacramento City Council, and invaluable mentor to a generation of the region’s women leaders, died unexpectedly at her Sacramento home late Thursday. Hammond was 68. She is survived by her wife, Margaret Maher, family, friends and Sacramento colleagues past and present struggling to cope with […]
In April 1976, Steve Jobs and Steve Wozniak launched the first Apple computer, marking the beginning of what would become a technology powerhouse. At age 21, Jobs sold his Volkswagen bus for $1,500, while Wozniak sold his Hewlett-Packard calculator for $500. Together, the sales provided the funds for their initial venture. With this capital, Jobs […]
(Reuters) – Honeywell International said on Tuesday its quantum computing company, Quantinuum, was valued at $5 billion after a $300 million equity funding round, anchored by JPMorgan Chase. Mitsui & Co and Amgen also participated in the latest round, which took the total capital raised by Quantinuum since inception to about $625 million. Companies are […]
Hewlett Packard Enterprise is buying Juniper Networks in an all-cash deal valued at about $14 billion, which is anticipated to double HPE’s networking business. Shares of both companies rose before the market open on Wednesday. A Wall Street Journal report about a potential deal saw Juniper’s stock surge 22% and HPE’s stock dip 9% before […]