The Pentagon recently announced the first winning bidders in its rocket launch contract sweepstakes, with Jeff Bezos’ Blue Origin finally grabbing a spot for the first time. This news comes as part of contracts awarded under the Pentagon’s $5.6 billion National Security Space Launch program. Elon Musk’s SpaceX and United Launch Alliance (ULA) were also
A Dublin-based startup, CleverCards, has recently secured 8 million euros in funding to combat the abuse of corporate expenses by employees. This funding comes at a time when the financial technology industry is experiencing a slowdown in investments. CleverCards utilizes a digital platform linked to configurable expense cards to provide companies with control over how
Social media trading sensation Keith Gill, also known as “Roaring Kitty,” has recently disclosed his amplified ownership in GameStop’s common stock, now holding more than 9 million shares. Through a new screenshot of his E-Trade portfolio posted on Reddit’s Superstonk forum, Gill showcased his colossal position, along with over $6 million in cash. Initially, on
Christina Lewis, the daughter of Reginald Lewis, the first African American to build a business with $1 billion in revenue, found herself thrust into the world of wealth management at a tender age of 13. Lewis’s journey began with a meeting that would forever change her perspective on managing wealth. Since then, she has navigated
GameStop’s annual shareholder meeting was plagued by computer problems that caused servers to crash due to overwhelming interest in the stream, a customer service representative for the company hosting the event revealed. Scheduled to start at 11 a.m. ET, the meeting was held on ComputerShare. However, many people trying to access the event encountered error
As Congress grapples with the decision on trillions in expiring tax breaks, a Senate Budget Committee hearing saw lawmakers and experts debating several Democratic proposals for higher taxes on corporations and wealthy Americans. The proponents of these plans argue that they aim to address income inequality and the federal budget deficit. Key points of discussion
On Thursday, U.S. stocks experienced a mixed performance as investors reacted to the release of May’s producer price index data. This data indicated that inflation pressures may be easing, leading to some uncertainty among traders. While the S&P 500 edged lower, it still hovered near record highs, reflecting the cautious optimism prevailing in the market.
Revolut, a prominent British financial technology firm, recently made headlines by announcing its plan to relocate its official headquarters in London to Canary Wharf, the city’s major financial district. This strategic decision signifies a significant step for the company, as it moves its global headquarters to the YY London building in the heart of Canary
In recent years, the financial technology industry has undergone significant changes, with many industry insiders believing that the sector has reached a “bottom.” The days of exuberant valuations and excessive venture capital funding for startups with unproven business models seem to be a thing of the past. Iana Dimitrova, CEO of embedded finance startup OpenPayd,
Broadcom recently released their earnings report for the second fiscal quarter, exceeding analysts’ expectations. The company reported an adjusted earnings per share of $10.96, surpassing the estimated $10.84, and revenue of $12.49 billion compared to the expected $12.03 billion. In addition to their impressive financial performance, Broadcom announced a 10-for-1 stock split. This move is