Tag Archives: raises

WATCH THE VIDEO ABOVE to see today’s piping-hot, fresh-outta-the-oven episode of THE RUSH with Jared Quay! We’ll let you know everything you didn’t know you needed to know about sports. Other stuff too. But mostly sports. It’s Tuesday, August 23, 2022, and here’s what Jared is cookin’ up: Tom Brady returned to Buccaneers training camp after an 11-day hiatus The quarterback refuted the rumor that he took leave to record the TV show “The Masked Singer,” but The Rush has its… Source link

Mercedes-Benz Group (MBG) reported higher revenue and adjusted earnings before interest and taxes (EBIT) for the second quarter compared to last year, despite the effects of “semiconductor bottlenecks and supply-chain disruptions.” The supply disruptions led to a 7% drop in sales, Mercedes said, but revenue still rose 8% from a year ago, and adjusted EBIT spiked 20%. Better pricing and margins boosted both for Mercedes. The German automaker also upped its guidance for the year, now seeing… Source link

“Why won’t Google just build that?” That question has been posed to entrepreneurs by venture capitalists so often that it’s become a cliché. But not when asked of Richard Socher, the former Salesforce chief scientist who founded a web search startup called You.com. Driving the news: You.com today is announcing $25 million in Series A funding led by Radical Ventures. This follows a $20 million seed round last fall led by Marc Benioff’s Time Ventures. Other backers in the new deal include Breyer… Source link

The Federal Reserve on Wednesday raised short-term interest rates by 0.50%, as part of an effort to tamp down the inflationary pressures weighing on Americans. The central bank suggested that it will further raise borrowing costs throughout this year as it attempts to undo its pandemic-era, easy money policies. The policy-setting Federal Open Market Committee also detailed plans on unwinding its nearly $9 trillion balance sheet. The decision to raise rates by 0.50% marked the most aggressive… Source link

Seth Carpenter, Morgan Stanley chief economist and former Federal Reserve deputy director of monetary affairs, thinks there is no way around a sharp slowing of the economy as the Federal Reserve embarks deeper into its rate hiking cycle. “If you think about what the Fed itself thinks is the long-run sustainable growth rate of the economy, they think that rate of growth is below 2%. And so if you take a growth rate in the economy that’s above 5% or 6%, and you’re going to try to bring it down… Source link

Russia’s biggest internet company has embedded code into apps found on mobile devices that allows information about millions of users to be sent to servers located in its home country. The revelation relates to software created by Yandex that permits developers to create apps for devices running Apple’s iOS and Google’s Android, systems that run the vast majority of the world’s smartphones. Yandex collects user data harvested from mobiles, before sending the information to… Source link

The Federal Reserve on Wednesday raised short-term interest rates for the first time since 2018, as high inflation pushes the central bank to pull back on its extraordinary pandemic-era support. The U.S. central bank lifted its benchmark Federal Funds Rate by 0.25%, to a target range of between 0.25% and 0.50%. The Fed also noted that the economic outlook remains “highly uncertain” in the face of the war in Ukraine. By notching up rates, the Fed kicks off a process of raising borrowing… Source link

Bank of Canada Governor Tiff Macklem speaks during a news conference (REUTERS/Blair Gable) The Bank of Canada raised its target for the overnight rate to 0.50 per cent. The 25 bps hike to contain inflation is the first since 2018, after cutting to help cushion the pandemic’s economic blow in 2020. Canada’s central bank says more rate hikes are coming but says it is following the situation in Ukraine closely. “The unprovoked invasion of Ukraine by Russia is a major new source of… Source link

A recent survey carried out by CNBC reported that 81% of executives worldwide say AI will play a prominent and critical role in how their businesses operate this year. Companies are phasing from the first generation of AI, which deals with pattern, text and image recognition, to decision-making AI, which helps them make timely decisions in complex spaces. InstaDeep, a Tunis and London-based enterprise AI startup that creates decision-making systems for solving real-world problems, has… Source link

Did you know that Tampa Bay Buccaneers quarterback Tom Brady co-founded an NFT agency? Well he did! It’s called Autograph, and you won’t be surprised to find out that it’s doing pretty well.  The company told TechCrunch on Wednesday that it had just completed its Series B funding round and had raised $170 million from venture capital firms Andreessen Horowitz and Kleiner Perkins, among several others. Both firms have been investing in cryptocurrency related projects and Autograph is the… Source link