Saturday, October 1, 2022
Home > 2022 > August > 11

Zoom investor tells startup founders: ‘Forget the past three years’ and accept 50% valuation hit

[ad_1] Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVCCourtesy: TSVCEugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year.The firehose of money from venture capital firms, hedge funds and wealthy families pouring into

Read More

Stocks making the biggest moves midday: Six Flags, Disney, Sonos and more

[ad_1] Customers are socially distanced on rides like the Wonder Woman: Lasso of Truth at Six Flags Great Adventure in Jackson, New Jersey.Kenneth Kiesnoski/CNBCCheck out the companies making headlines in midday trading.Six Flags — Shares dropped more than 22% after the theme park company sharply missed second-quarter earnings expectations. Six

Read More

OPEC, in contrast to IEA, sees lower 2022 oil demand growth

[ad_1] OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia's invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic. The view from the Organization of the Petroleum Exporting Countries contrasts with that

Read More

Ether surges 13% to a two-month high after ethereum inches closer to long-awaited upgrade

[ad_1] Ethereum coinJakub Porzycki | NurPhoto | Getty ImagesEther soared to a two-month high after developers successfully completed a final dress rehearsal for a pivotal upgrade expected to happen next month.The world's second-biggest cryptocurrency reached a price above $1,927 at around 8:20 a.m. ET Thursday, according to data from CoinMetrics.

Read More

Stocks making the biggest moves premarket: Six Flags, Canada Goose, Warby Parker and more

[ad_1] Check out the companies making headlines before the bell:Six Flags (SIX) – The theme park operator's stock tumbled 12.8% in the premarket after its quarterly profit and revenue fell well short of Wall Street forecasts. Six Flags saw its results hit by a 22% drop in attendance, among other

Read More

Lower bad loans push PSU banks’ profitability in June quarter

[ad_1] Public sector banks have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend may have a positive bearing on their balance sheets in the coming quarters. In the June quarter, (BoM) and ()

Read More

What ‘crypto winter?’ Schwab launches ETF giving investors significant cryptocurrency exposure

[ad_1] Investors have a new way to buy cryptocurrencies.Schwab Asset Management released its Schwab Crypto Thematic ETF (STCE) this month to answer investor demand.David Botset, who was directly involved in the launch, told CNBC's "ETF Edge" the new product is unique because investors get an indirect way to significantly play

Read More

Stocks making the biggest moves after hours: Disney, Bumble, Sonos & more

[ad_1] Disney store is seen in Times Square, New York City.Nick Pfosi | ReutersCheck out the companies making headlines after the bell Wednesday: Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1 million, above

Read More

Hackers have stolen $1.4 billion this year using crypto bridges. Here’s why it’s happening

[ad_1] Mining the Worlds Second-most-valuable Cryptocurrency at Evobits I.T SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos

Read More