Business

Startups reckoning with an end to cheap capital face hard decisions

Cube CEO Christina Ross (middle) with her team cube When Cube CEO Christina Ross kicked off fundraising efforts for her financial planning software startup in February, cloud stocks were already down 40% from their 2021 highs. They had a lot further to drop over the next few months. By the time Cube announced its $30 …

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Rolex Resale Prices Are Falling. Experts Say Don’t Panic. – Robb Report

For a while, it seemed as if the bubble would never burst. From the start of the pandemic and, especially, over the past eight months, resale prices on the most collectible modern Rolex models kept rising. Now, perhaps inevitably, the run-up appears to have come to an end. “All the models that were pumped up, …

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Chipmaker stocks climb, sickly euro treads water

LONDON, July 7 (Reuters) – Gains in chipmakers lifted stocks to calm investors after hawkish Federal Reserve comments increased the likelihood of a hefty interest rate hike later this month and raised fears over how much this could slow the economy. The euro struggled to avoid dipping below parity with the safe-haven dollar. Sterling was …

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Stock futures rise as investors weigh jobless claims data

US stock futures pushed higher in pre-market trading Thursday as investors weighed minutes from the Federal Reserve’s last meeting and fresh employment data out of Washington. Futures tied to the S&P 500 rose 0.3%, while Dow Jones Industrial Average futures added 150 points, or roughly 0.5%. Contracts on the tech-heavy Nasdaq Composite advanced 0.4%. Initial …

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9 Companies That Hoarded Customers’ Money as Crypto Crashed

Traders work on the floor of the New York Stock Exchange (NYSE) on May 5, 2015 in New York City.photo: Spencer Platt (Getty Images) There’s no getting around it, June was a disastrous month for cryptocurrency. Though cryptocurrency prices have trended down for the better part of 2022, investors truly had the rug pulled out …

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Chinese Police Database Was Unsecured Long Before It Was Seized

A Shanghai police database with a vast trove of personal data that was had seized by a hacker or group has been left online, unsecured, for months, security researchers said, in what is probably the largest known breach of Chinese government computer systems. The leak, which came to light after an anonymous user posted in …

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Crypto owners banned from working on US Government crypto policies

US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets. A new advisory notice released by the US Office of Government Ethics (OGE) on Tuesday stated that the de minimis exemption — which allows for the owners of securities who hold …

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Shell to build ‘Europe’s largest renewable hydrogen plant’

On Wednesday, Shell said the Holland Hydrogen I facility would be “Europe’s largest renewable hydrogen plant” when operations start in 2025. Shell is one of several big firms looking to lay down a marker in the sector. Ina Fassbender | AFP | Getty Images Plans to build a major hydrogen plant in the Netherlands will …

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