TOPCMB

Dreaded ‘down rounds’ shave billions off startup valuations

Aug 9 (Reuters) – Several high-flying startups are being brought down to earth, as a recent carnage in global equity markets and lackluster demand for new listings force companies to raise funds at a substantial discount to their sky-high valuations. Easy money from venture capital dealmaking is fast evaporating in an inflation-induced high interest-rate environment …

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Dollar edges lower as currency markets pull back on Friday’s moves

Dollar falls; Aussie, Kiwi and sterling gain Traders price in 69% chance of 75 bps Fed hike in Sept LONDON, Aug 8 (Reuters) – The dollar fell on Monday, losing some of the gains it had made from Friday’s US jobs data, as currency markets pulled back on their initial reaction and waited for Wednesday’s …

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India freezes assets of Binance-linked WazirX

Representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register MUMBAI, Aug 5 (Reuters) – India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange Binance, as part of its investigation …

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Canopy shares plunge as pot producer posts another loss

A sign featuring Canopy Growth Corporation’s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – Canopy Growth Corp (WEED.TO), posted another core loss on Friday, denting investor hopes that the cannabis producer would …

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TC Energy inks deal with Mexican utility to develop $4.5 bln gas pipeline

TC Energy’s logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Aug 4 (Reuters) – TC Energy Corp (TRP.TO) said on Thursday it had struck a deal with a Mexican state utility to develop a $4.5 billion natural gas pipeline. …

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Beyond Meat cuts sales forecast as consumers shun pricier faux meat

Products from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, US, June 5, 2019. REUTERS//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 4 (Reuters) – Beyond Meat Inc (BYND.O) on Thursday lowered its revenue forecast for the year and announced job cuts …

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Tesla shareholders broadly follow board recommendations at the annual meeting

Aug 4 (Reuters) – Tesla Inc (TSLA.O) shareholders voted in line with board recommendations on most issues at the company’s annual meeting on Thursday, re-electing directors, approving a stock split and rejecting a number of proposals focused on environment and governance. Votes on three of 13 proposals did not follow board recommendations, according to preliminary …

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Facebook parent Meta makes first-ever bond offering

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 4 (Reuters) – Facebook-parent Meta Platforms (META.O) said on Thursday it would make its first-ever bond offering, at a time when the social media …

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Fed’s Daly says 50-basis-point rate hike next month is ‘reasonable’

San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, US, July 16, 2019. REUTERS/Ann Saphir/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 3 (Reuters) – It would be ‘reasonable’ for the Federal Reserve to raise interest rates by 50 basis points next month …

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Lordstown Motors reports first quarterly profit on asset sale to Foxconn

Lordstown’s logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 4 (Reuters) – Lordstown Motors Corp (RIDE.O) on Thursday reported its first quarterly profit as the electric-vehicle firm benefited from the sale of certain assets including its Ohio …

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