economy

NYSE seeks SEC approval for more direct listings

June 23, 2020 0

The New York Stock Exchange filed an amendment today with the Securities and Exchange Commission to allow for more direct listings. Direct listings offer a

Brazil’s BizCapital raises $12 million for its online lending service

June 18, 2020 0

BizCapital, an online lender based in Brazil, has raised $12 million from a clutch of investors including the German development finance institution, the corporate venture

Forget the casino, bankrupt Hertz can now sell up to $1 billion in stock

June 13, 2020 0

Hertz, the rental car company that is going through Chapter 11 bankruptcy proceedings, can now sell up to $1 billion in stock as it seeks

Halal fintech startup Wahed closes $25M led by Saudi Aramco’s investment arm

June 9, 2020 0

New York-based fintech startup Wahed (meaning “One” in Arabic) describes itself as a digital Islamic investment platform and as the world’s first “halal robo adviser.”

Rivian is building an in-house insurance agency

May 28, 2020 0

Rivian is hiring an insurance agency data manager, a job posting that suggests the all-electric automaker is planning to offer its own insurance to customers.

Why VCs say they’re open for business, even if they’re pausing new deals

May 21, 2020 0

This week Alexia Bonatsos of Dream Machine and Niko Bonatsos of General Catalyst swung by Extra Crunch Live to discuss where they are investing today

Apple Operations SVP details supply chain safety changes due to COVID-19

May 14, 2020 0

Today, Apple released its 2020 Supplier Responsibility progress report. In it, Senior Vice President of Operations Sabih Khan published a letter that details an outline

Uber pushes adjusted quarterly profit target to 2021

May 8, 2020 0

Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to

Tech for good during COVID-19: Sky-high gifts, extra help, and chips

May 3, 2020 0

When Roger Lee, the co-founder of Human Interest, heard that San Francisco imposed shelter-in-place orders, he started blogging about layoff news and posting crowdsourced lists

KlearNow raises $16 million to bring customs clearance industry into the digital age

May 1, 2020 0

Customs is the sieve of international supply chains. And yet despite its critical role, clearing customs for freight brokers can be a slow and opaque

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