February 02, 2024
Report: Alibaba Gauges Potential Buyers’ Interest in Brick-and-Mortar Businesses
Chinese tech giant Alibaba Group is reportedly considering selling several of its brick-and-mortar businesses, including grocery business Freshippo, retailer RT-Mart and shopping mall operator Intime. The decision comes as Alibaba...
February 02, 2024
FinTech IPO Index Adds 0.5% as SoFi Weighs In With...
Headed into the end of January, and with earnings season in full swing, the FinTech IPO Index was up a slight 0.5%. Earnings Capture Headlines SoFi’s stock was up 1%,...
February 01, 2024
Volvo’s EV Funding Cut Highlights Ongoing Challenges in Driving Consumer...
While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale...
January 30, 2024
US Job Openings Flat as Fewer Workers Quit
If you’re hesitating about leaving your job, you aren’t alone these days. Data released Tuesday (Jan. 30) in the U.S. Bureau of Labor Statistics’ monthly Job Openings and Labor Turnover Survey...
January 29, 2024
Renault Forgoes Electric Car Unit IPO as EV Enthusiasm Dips
Carmaker Renault canceled plans to take its electric vehicle unit, Ampere, public. The French company said in a Monday (Jan. 29) press release that “current equity market conditions” are not...
January 29, 2024
BNPL Finds Traction in Unexpected Niches and Subscription Services
People using buy now, pay later (BNPL) are favoring these options and incorporating them into their financial choices. This growing trend has led BNPL providers to discover unexpected success in...
January 28, 2024
Apple Hardware VP DJ Novotney Departing for EV Maker Rivian
A veteran Apple executive who oversaw the company’s electric vehicle efforts is reportedly resigning. DJ Novotney, a vice president of hardware engineering, is leaving Apple after nearly 25 years to take...
January 28, 2024
Reddit Pushed by Investors to Seek $5 Billion IPO Valuation
Reddit’s potential investors reportedly want the company to seek a $5 billion IPO valuation. That’s according to a report Sunday (Jan. 28) by Bloomberg News, citing sources familiar with the discussions...
January 28, 2024
Flexport Reportedly Plans to Lay Off 20% of Staff
Supply chain logistics company Flexport is reportedly embarking on another sweeping round of job cuts. The firm plans to cut almost 20% of its staff — about 500 workers – in a bid...