Most Wall Street brokerages, including J.P.Morgan and Piper Sandler, kicked off coverage on Instacart with a bullish view, betting on the grocery delivery app’s growth amid a shift to online shopping.
Bitcoin rose suddenly on Monday, before giving up nearly all its gains, after asset manager BlackRock denied a crypto media report that U.S. regulators had approved its high-profile application for a crypto investment product.
Settlement talks have collapsed between Facebook’s parent company Meta and Kenyan content moderators over a lawsuit alleging unfair dismissal, a tech rights group working with the moderators said on Monday.
Stablecoin issuer Tether has frozen 32 cryptocurrency wallet addresses containing a combined $873,118 it said were linked to “terrorism and warfare” in Israel and Ukraine, the company said in a statement on Monday.
Global investments in space startups rose for the first time in more than a year in the third quarter as investors bet on companies with government contracts that are considered more immune to a turbulent economy, a report showed on Monday.
Chinese electric vehicle startup WM Motor said it has filed for a pre-restructuring process, marking the demise of a promising standout among China’s EV makers as price competition in the world’s largest auto market heats up.
Things were looking up for Tractiv in January, when the data tracking software startup was on the cusp of a deal with Marvel Studios. Now, it is on the brink, with just enough cash left to make it to Thanksgiving.
Netflix’s crackdown on password-sharing likely boosted subscribers by about 6 million in the third quarter and the streaming pioneer is expected to set the stage for price increases when it reports earnings on Wednesday.
Tesla’s margins are likely to drop in the third quarter and take a bigger hit in the last three months of 2023, leaving investors fretting about more price cuts needed to boost demand.
Palestinian militant group Hamas uses a global financing network to funnel support from charities and friendly nations, passing cash through Gaza tunnels or using cryptocurrencies to bypass international sanctions, according to experts and officials.
