Digital-payments company Stripe said Sunday it had closed a $ 600 million funding round that values the company at $ 95 billion — more than double its valuation a year ago. Stripe said it would use the money to beef up its European operations — especially its co-headquarters in Dublin …
Read More »
The startup behind a TikTok-style video app rocketed in its Hong Kong market debut, making the latest demonstration of investor hunger for initial public offerings and for high-growth technology companies. Shares in Kuaishou Technology nearly tripled from their IPO price in early trading Friday, implying a market value of more …
Read More »
Tesla Inc. stock rose more than 5% late Wednesday after the Silicon Valley car maker reported a second-quarter GAAP and adjusted profit, setting it on a course to join the S&P 500 index and surprising investors as most of the quarter was beset with coronavirus-related stoppages. Tesla TSLA, +1.52% said …
Read More »
The unemployment rate in the United States is at its lowest level since World War II. According to the Bureau of Labor Statistics’ jobs report out Friday morning, the unemployment rate skyrocketed to 14.7% with 20.5 million jobs lost in April. That last time we had double-digit unemployment was 1982 …
Read More »
CrowdStrike Holdings Inc. shares skyrocketed in the extended session Thursday after the cybersecurity company’s results and outlook topped Wall Street estimates and coronavirus fears raise the need for more protective measures as millions of people work from home. CrowdStrike CRWD, +8.05% shares soared more than 20% after hours, following an …
Read More »