Carnival Reports $2 Billion Quarterly Loss
Carnival reports $2 billion quarterly loss. This is due to COVID-19 pandemic restrictions on the cruising industry, which has decimated Carnival and...
RedBird Invests in Fenway Sports Group
RedBird invests in Fenway Sports Group (FSG). The private investment company is doing this along with NBA star LeBron James. This deal...
LA Dodgers Owner Files for IPO Through SPAC
LA Dodgers owner, Todd Boehly, has filed a $500 million IPO through a third SPAC. The SPAC, Horizon Acquisition Corp III, is...
UiPath Records Growth, Files For IPO
UiPath has filed for IPO weeks after raising money from investors and getting valued at $35 billion. Prominent backers of the robotic...
Substack Raises $65m in New Round of Funding
Newsletter platform Substack raised $65m in an Andreessen Horowitz-led funding round. With the new inflow, the platform is now valued at $650m. Substack...
Growth of Clubhouse Faces Scrutiny
The growth of Clubhouse, an audio-biased social network, faces scrutiny over its handling of "problematic content" like "hate speech" and "misinformation." The...
Bitcoin: The Wave of the Future
Bitcoin is still considered to be the wave of the future. From its inception, the cryptocurrency known as Bitcoin intrigued consumers globally....
Turntide Tech Attracts Celebrity Investors
Bill Gates’ Breakthrough Energy Ventures and Robert Downey Junior’s Footprint Coalition have put their faith in Turntide...
Cybersecurity Firm SecurityScorecard Raises $180 Million
Cybersecurity rating firm SecurityScorecard has raised $180 million in a late-stage funding round led by investors. This puts them on track to...
COVID-19: Yelp Data Gives Hope For US Economic Recovery
Yelp data shows that nearly half a million businesses opened in the US during the COVID-19 pandemic. That is down just 14...
Recent Articles
New Chapter 11 Filings, Disclosures: April 12 – April 16, 2021
At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of April...
ViacomCBS Networks International Agrees to Acquire Chilevisión
On Monday April 5, ViacomCBS Inc. (NASDAQ: VIAC, VIACA) announced that it had agreed to acquire Chilevisión from WarnerMedia. WarnerMedia is a...
Carnival Reports $2 Billion Quarterly Loss
Carnival reports $2 billion quarterly loss. This is due to COVID-19 pandemic restrictions on the cruising industry, which has decimated Carnival and...
New High Yield Bond Ratings: April 5 – 9, 2021
At least 35 companies received a revision on high yield bond ratings during the week of April 5-9, 2021. These revisions caused...
ECB President Lagarde Expects Strong Rebound for EU Economy in Second Half
Despite COVID-19 struggles, European Central Bank (ECB) President Christine Lagarde told CNBC on April 9 that the European Union (EU) will hit...
Most Popular
Varo Bank raises $63 million from NBA player Russell Westbrook
Varo Bank raised $63 million from NBA all star player Russell Westbrook’s organization, Russell Westbrook Enterprises. Westbrook will join Varo Bank as...
Amazon Receives Federal Approval for Delivery Drones
Amazon recently received federal approval to establish a fleet of delivery drones. The multinational technology company will begin testing package deliveries throughout...
Scener Receives $2.1M in Seed Funding
Scener, a watch-together streaming service, received $2.1 million in seed funding round led by Seattle-based SeaChange. The platform's co-viewing movie and television...
New Chapter 11 Filings, Disclosures: March 15 – March 19, 2021
At least five major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of March...
PE Firms Look to End Remote Working
After months of remote working, employees of global private equity firms are now seeking to get back to their offices. Firms, such...
