Tag: Above
AI company increases valuation to $43 billion
Ali Ghodsi The Swedish-trained computer scientist leads Databricks as CEO. (Photo: © 2019 Bloomberg Finance LP) San Francisco The AI specialist Databricks has managed to secure a remarkable round of…
Schott Pharma is aiming for a valuation of 4.3 billion in its IPO
Frankfurt The Mainz-based glass packaging manufacturer Schott Pharma expects a valuation of 3.7 to 4.3 billion euros for its initial public offering (IPO) planned for the end of September. As…
China apparently wants to fine Ant Financial billions
Ant Group In 2020, the financial group had to cancel the planned IPO at the last minute. (Photo: Bloomberg) Hong Kong According to insiders, the Chinese authorities will sentence Ant…
Volkswagen starts test run with self-driving buses in the USA
new York Volkswagen Commercial Vehicles is starting a new test run to get self-driving cars on the road. From this July, ten ID.Buzz electric minibuses will be making their rounds…
Investors for start-ups are taking courage again
Frankfurt The financiers of the German start-ups are regaining confidence for the future. This can be seen from the investor barometer, which is compiled jointly by the KfW development bank…
Strong Apple numbers support Wall Street
Frankfurt Surprisingly strong quarterly earnings from Apple supported Wall Street on Friday. The Dow Jones index of standard values closed 1.7 percent higher at 33,674 points. The broader S&P 500…
Fall in prices on Wall Street – regional banks in particular are coming under renewed pressure
Frankfort, New York Concerns about US regional banks surprisingly returned on Tuesday. The PacWest and Western Alliance institutes each fell by around 25 percent in New York trading by early…
Dow Jones, S&P 500, Nasdaq: Economic data unsettle US investors
new York The US stock exchanges closed at the end of the week with little change. The latest US economic data made investors cautious. All three major US indices gained…
Uber rival Lyft is cutting even more jobs
san francisco The US ride-hailing service Lyft announced a new round of layoffs shortly after changing its boss. “We will significantly reduce the size of our team,” new CEO David…
Uber rival Lyft gets new boss
san francisco The company’s founders, Logan Green and John Zimmer, are retiring from the management of the US ride-hailing service Lyft. Former Amazon and Microsoft executive David Risher is set…
Employees should note this on Monday
warning strike The Verdi and EVG unions have called for a nationwide strike on Monday. (Photo: dpa) Dusseldorf Germany is likely to stand still in large parts next Monday. The…
The USA becomes the most important market for German consulting
Dusseldorf Simon Kucher, the second largest German consulting company, is growing strongly – especially in the motherland of consulting. “In 2022 we grew by 21 percent to an annual turnover…
US inflation data boosts Wall Street as Nasdaq closes over 2% up
new York The latest US inflation data pushed Wall Street higher on Tuesday. Investors hoped that the decline in the inflation rate would persuade the US Federal Reserve to raise…
US inflation data boosts Wall Street – bank stocks on course for recovery
new York The eighth straight drop in US inflation pushed Wall Street back into positive territory on Tuesday. Investors were hoping that the US Federal Reserve would slow down in…
Wall Street opens in a friendly manner – GE stock jumps to five-year high
new York The tension ahead of Friday’s official US jobs report is weighing on Wall Street. The Dow Jones index of standard values closed 1.7 percent lower on Thursday at…
Luxury hotels in Thailand: tradition meets modernity
In the country where the tradition of the provinces meets the modernity of the big cities, I visit two houses that stand out due to their unrivaled service orientation. Although…
Risky Hedge Fund Bets – Short Sellers Lose Nearly $8 Billion at Tesla
Telsa showroom in Beijing The sudden surge in Tesla stock price caught many short sellers at the wrong time. (Photo: Reuters) Dusseldorf Hedge funds, i.e. unregulated investment funds, have done…
Raisin is about to complete a round of funding
Tamaz Georgadze The founder and boss of Raisin wants to tap investors for fresh capital. The company benefits from the turnaround in interest rates. (Photo: Uta Wagner for Handelsblatt) Frankfurt…
Wall Street closes inconsistently as interest rate fears put tech stocks under pressure
new York The US stock exchanges were mixed at the end of the week. While an unexpectedly sharp rise in consumer sentiment lifted sentiment in the Dow Jones index, US…
US indices close in the red after interest rate statements – Microsoft stock no longer benefits from ChatGPT
new York Wall Street investors are once again concerned that interest rates will continue to rise. The Dow Jones index of standard values closed 0.6 percent lower on Wednesday at…