Snowpoint and Baillie Gifford Lead Round Autonomous aviation company Merlin Labs snagged $105 million in a Series B round that was led by Snowpoint and Baillie Gifford. GV (GOOGL), previously Google Ventures, also participated. With this latest funding, Merlin has $130 million in total. Though significant, that falls short of [...]
Inflation and the Fed This week’s inflation report indicated prices continue to march upward, despite the Fed’s efforts to rein them in. Some industries will be more affected than others. Banks, in particular, are feeling the pain as recession fears mount and, in some cases, the appetite for risk decreases. [...]
Breakups can be tough. But what’s even tougher? Staying in relationships, whether with your partner or your bank, that aren’t right for you anymore. Millions kick the can down the road, but they’re missing out on the opportunity to find the right relationship or best bank for them. SoFi recently [...]
Valuation Craters Netflix (NFLX) stock is having a tough year. After its share price peaked at $691.69 on November 17, 2021, the company’s valuation has tumbled, bouncing along at levels below $200 a share since early May. The streaming pioneer faces increasing competition. While numerous alternative platforms, big and small, [...]
Contingencies are Back As Americans are adjusting to the new realities of rising inflation, some are regretting their expenditures. Many find their income doesn’t stretch as far as it used to. As the Federal Reserve has taken aim at inflation through a series of rate hikes this year, mortgage rates [...]
Breaking Down the Big Number The US Labor Department reported June’s CPI checked in at 9.1% over the previous 12-month period. Prices are rising at their fastest pace since November 1981. For the better part of this year, the Consumer Price Index has been at or above a 40-year high. [...]
Sharpest Decline in Nine Years PC manufacturers are experiencing a drop-off in demand for their products. Research firm Gartner (IT) reported Q2 shipments were down nearly 13% compared to the previous year — the sharpest decline in nine years. Some market observers contend the market is cooling due to geopolitical [...]
Ambitious Goals As sustainability efforts expand, some large companies like Coca-Cola (KO) and Nestlé (NSRGY) have pledged to reduce their carbon footprint by using recycled plastic. Coca-Cola has announced goals to make 100% of their packaging recyclable by 2025 and to use recycled material in a minimum of half their [...]
Poultry Problems By the numbers, Tyson Foods (TSN) dominates chicken. It produces around 20% of the nation’s supply, and ranks as the largest chicken operation. The issues plaguing its poultry division is diminished production and the inability to match market demand. The Arkansas-based company says this stems from difficulty hatching [...]
Deal on the Rocks This past Friday, the world’s richest man Elon Musk told the SEC he was looking to pull out of his $44 billion deal to purchase Twitter (TWTR). Following a hostile takeover bid this spring, Musk had negotiated a price and announced his intention to take the [...]
