Tag: finance
Beijing Auto Show postponed due to coronavirus
China’s annual auto show in Beijing has been postponed because of novel coronavirus, as the number of cases of people infected surpass 71,000. The Beijing International Automotive Exhibition, which was scheduled to begin April 21, is the latest high-profile event that has been either cancelled or postponed over concerns of…
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Tradeshift cuts headcount by three figures in effort to turn towards profitability
Last month, Tradeshift, a platform for supply chain payments that has achieved unicorn status in recent years, had some good news and some bad news. It announced a Series F funding round of $240 million in equity and debt, raised from a combination of existing and new investors. It’s now…
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Nvidia’s Q4 financials look to brighter skies with strong quarterly revenue growth
Major artificial intelligence and graphics chipmaker Nvidia reported its 2020Q4 financials today (the company’s fiscal quarter ends on January 26th, 2020). The company announced revenues of $3.11 billion for the quarter, a jump of 41% from the year ago quarter and a small bump from the third quarter. Even more…
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Financing for social impact and climate businesses gets a billion dollar boost with new KKR fund
KKR, the multi-billion dollar, multi-strategy investment firm, has closed on over $1.3 billion for companies focused on social and environmental challenges. KKR Global Impact says its fund will focus on identifying and investing in companies worldwide where preformance and social impact are intrinsically aligned. Specifically, the fund will invest in…
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Coinbase launches margin trading for some users
Cryptocurrency exchange Coinbase is launching margin trading today. Margin trading lets you trade on leverage. But it works both ways — margin trading lets you multiply your gains and your losses. Margin trading is going to be available on Coinbase Pro, the company’s exchange interface for educated investors. Both retail…
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Ramp is a corporate card focused on helping you spend less
Meet Ramp, a new startup that offers corporate credit cards with 1.5% cashback on everything. The company thinks that a cashback program combined with an analysis of your payments to help you spend less is more valuable than alternative corporate card offerings Ramp is launching publicly today and has raised…
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