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Fisker plans more layoffs as cash dwindles and bankruptcy looms: Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce ...
techcrunch.com/2024/04/23/fisker-more-layoffs-bankruptcy-ocean-suv/
Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey
techcrunch.com/2024/04/19/equities-platform-midas-raises-45m-series-a-as-fintech-retains-its-sparkle-in-turkey/
Quick Glance: Midas Raises $45M in Series A Funding
- A fintech startup called Midas has successfully raised $45 million in a funding round led by Portage Ventures of Canada. This enables investors in Turkey to invest in US and Turkish equities.
- With over 2 million users in Turkey's retail market, Midas offers lower transaction and commission fees for Turkish customers. Additionally, the company provides financial content, real-time stock market data and news, as well as company profiles to educate the market.
- The new funding is intended to introduce three new products: cryptocurrency trading, mutual funds, and savings accounts. Midas plans to expand beyond Turkey and target countries in the MENA region.
- Other participants in the round included International Finance Corporation, Spark Capital, Earlybird Digital East Fund, and Revo Capital. Previously, Midas had already completed a $11 million seed round in 2022 and aims to strengthen its presence in the Turkish financial sector.
Chicago-based Dutch Farms bids ‘north of $20M’ to buy bankrupt Oberweis Dairy: Brian Boomsma, the owner of Chicago-based Dutch Farms, made the stalking horse bid ...
chicagotribune.com/2024/04/23/chicago-based-dutch-farms-makes-bid-to-buy-bankrupt-oberweis-dairy/
Conservative news site Gateway Pundit files for bankruptcy: The Gateway Pundit, a far-right news site, filed for bankruptcy Wednesday, following litigation by ...
reuters.com/business/media-telecom/conservative-news-site-gateway-pundit-files-bankruptcy-2024-04-25/
Quick Glance: Gateway Pundit Files Bankruptcy Amid Election Fraud Defamation
- The Gateway Pundit, known for spreading falsehoods and conspiracy theories, has filed for bankruptcy and is facing multiple defamation lawsuits.
- The owners, Jim and Joe Hoft, are dealing with lawsuits from Georgia election workers and a former Dominion Voting Systems official.
- Jim Hoft stated that the bankruptcy is to consolidate lawsuits, although Chapter 11 bankruptcies are primarily meant to assist small businesses in restructuring.
- Despite delays, legal proceedings have significant impacts on sites like Infowars and The Gateway Pundit, as juries do not tolerate powerful individuals spreading lies and disrupting lives.
Firebrand ex-Arm China CEO founds RISC-V processor startup: Allen Wu, former CEO of Arm China, founds RISC-V technology startup, set to rival Arm.
tomshardware.com/pc-components/cpus/firebrand-ex-arm-china-ceo-founds-risc-v-processor-startup
Red Lobster considers bankruptcy to deal with leases and labor costs: Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks ...
chicagotribune.com/2024/04/17/red-lobster-considers-bankruptcy/
Quick Glance: Red Lobster Considers Bankruptcy
- The seafood chain Red Lobster is exploring a potential Chapter 11 filing to restructure its debts, based on insider insights.
- Legal guidance for Red Lobster is provided by King & Spalding. The restaurant chain is contemplating terminating long-term contracts and renegotiating a variety of leases.
- A sign reading “Open For Takeout & Free Delivery” is displayed outside a Red Lobster establishment in Secaucus, New Jersey, USA.
- Established in 1968 in Lakeland, Florida, Red Lobster started with a single restaurant. The introduction of their famous cheese-flavored biscuits occurred in 1992, and the chain now operates hundreds of locations in the US, Canada, and international franchises.
Developer of St. Paul’s Keg & Case food hall declares bankruptcy: Craig Cohen listed the West Seventh neighborhood project when filing for Chapter 7 bankruptcy ...
startribune.com/keg-case-st-paul-bankruptcy-foreclosure-craig-cohen-midwestone-bank-schmidt-brewery-rathskeller/600360763/
Express files for bankruptcy; closing more than 100 stores: Trendy fashion retailer Express Inc. has filed for bankruptcy after consistently struggling with ...
cnn.com/2024/04/22/business/express-bankruptcy/
Giuliani loses bid to dismiss $148 million defamation judgment : Rudy Giuliani lost his bid on Monday to dismiss the $148 million verdict handed to him last year ...
thehill.com/regulation/court-battles/4595911-giuliani-loses-bid-to-dismiss-148-million-defamation-judgment/
Katie Price shows off new feature inside mansion after double bankruptcy blow: Former glamour girl Katie Price has been declared double bankrupt but this ...
mirror.co.uk/3am/celebrity-news/katie-price-shows-new-lavish-32632698
Gateway Pundit files for bankruptcy: The far-right website Gateway Pundit is filing for Chapter 11 bankruptcy, the company’s founder said this week ...
thehill.com/homenews/media/4621268-gateway-pundit-files-chapter-11-bankruptcy/
Trump and the Risk of a US Debt Default | by William L. Silber - Project Syndicate
project-syndicate.org/commentary/trump-second-term-less-risk-averse-could-try-to-default-on-us-debt-by-william-l-silber-2024-04
Restaurant chain Tijuana Flats files for bankruptcy, announces closure of 11 locations
usatoday.com/story/money/food/2024/04/22/tijuana-flats-bankruptcy-closing-locations/73409662007/
OpenAI bids for Japan business as it opens Tokyo office: Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as ...
reut.rs/3TXmsee
Co-working startup plans huge expansion of clubs in Atlanta, Nashville and other cities
ajc.com/news/business/switchyards-to-expand-co-working-clubs-in-atlanta-nashville-charlotte-and-other-cities/DDCXZWN5FZAF5EBIHPR6PT6EOQ/
Turkish startup ikas attracts $20M for its e-commerce platform designed for small businesses
techcrunch.com/2024/04/10/turkey-ikas-20m-fundraise/
Adam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy, FT reports
reuters.com/business/adam-neumann-moves-buy-back-wework-it-seeks-funds-exit-bankruptcy-ft-reports-2024-04-18/
Chinese EV startup Nio sets starting price for new version of ET7 sedan: Chinese electric vehicle (EV) startup Nio has set the starting price of the new version ...
reuters.com/business/autos-transportation/chinese-ev-startup-nio-sets-starting-price-new-version-et7-sedan-2024-04-25/
Bankruptcy documents detail how GOP NC governor nominee Mark Robinson failed to file federal income taxes for 5 years
abcnews.go.com/US/bankruptcy-documents-detail-gop-nc-governor-nominee-mark/story
What’s the cheapest way to the edge of space? Ride a balloon: Spanish startup HALO Space hopes to begin commercial flights to near-space in 2026 ...
cnn.com/2024/04/16/travel/halo-space-near-space-balloon-trip/
Red Lobster may file for bankruptcy protection: report: Seafood restaurant chain Red Lobster may be headed for bankruptcy, according to a published report.
marketwatch.com/story/red-lobster-may-file-for-bankruptcy-protection-report-41f1b001
Adam Neumann shares new details on how he wants to transform apartment living: In an exclusive, Neumann shares why he believes Flow is a tech company and why he ...
businessinsider.com/adam-neumann-opens-up-about-his-startup-transform-apartment-living-2024-4
Fisker may seek bankruptcy protection in 30 days if unable to meet debt obligations
reuters.com/business/autos-transportation/fisker-may-seek-bankruptcy-protection-30-days-if-unable-meet-debt-obligations-2024-04-23/
AI talent wars have Big Tech CEOs recruiting and paying huge packages: CEOs like Mark Zuckerberg and Sam Altman are getting involved in AI recruiting as they ...
businessinsider.com/ai-talent-wars-big-tech-ceos-recruiting-paying-huge-packages-2024-4
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
Meta's AI annoys, Microsoft and Amazon under scrutiny, banks go all-in: AI news roundup
qz.com/ai-news-meta-microsoft-amazon-nvidia-banks-sam-altman-1851436206
AI talent wars have Big Tech CEOs recruiting and paying huge packages: CEOs like Mark Zuckerberg and Sam Altman are getting involved in AI recruiting as they ...
businessinsider.com/ai-talent-wars-big-tech-ceos-recruiting-paying-huge-packages-2024-4
Samsung showcases Team AI that handles your everyday chores: Samsung’s 2024 lineup of Bespoke home appliances has some amazing products. However ...
sammobile.com/news/samsung-showcases-team-ai/
Microsoft cloud growth accelerates on back of AI push: Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in ...
cnbc.com/2024/04/25/microsoft-msft-q3-earnings-2024.html
US to decide by late May if Boeing violated prosecution deal, sources say: U.S. Justice Department officials plan to decide as soon as late May whether Boeing ...
reuters.com/legal/litigation/us-decide-by-late-may-if-boeing-violated-prosecution-deal-sources-say-2024-04-24/
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Here’s another reason why 2024 could be the “year of AI” for Apple : Industry experts such as Bloomberg's Mark Gurman explains that Apple's LLM will ...
financialexpress.com/life/technology-heres-another-reason-why-2024-could-be-the-year-of-ai-for-applenbsp-3467412/
Katie Price warned she faces arrest for missing bankruptcy hearings: Barristers for the trustees of one of Ms Price's bankruptcies said she should be ...
inews.co.uk/news/katie-price-warned-she-faces-arrest-for-missing-bankruptcy-hearings-3028741
Popular mall retailer plans Chapter 11 bankruptcy, suitors emerge: The struggling retail chain could file as early as this week, but it may have some options for ...
star-telegram.com/news/business/article287880115.html
Bankrupt fast-food chain exits Chapter 11; to expand size 4 times
charlotteobserver.com/news/business/article287996055.html
'Buy Bitcoin' Sign Sold for Over $1M at Auction: Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp.
coindesk.com/business/2024/04/25/buy-bitcoin-sign-sold-for-over-1m-at-auction/
Boris Becker to be discharged from bankruptcy - lawyer: Boris Becker will be discharged from bankruptcy in Britain, his lawyer said on Wednesday ...
reuters.com/world/uk/boris-becker-be-discharged-bankruptcy-lawyer-2024-04-25/
A Nvidia-backed startup just unveiled AI avatars that can express human emotions: Synthesia introduced its fourth-generation "Expressive Avatars ...
qz.com/synthesia-introduces-ai-avatars-human-expression-nvidia-1851434555
Self belief: I always knew I was built to be an entrepreneur : Eutycus Mwenda is the founder of Milestones Supplies, a fuel depot in Meru town.
nation.africa/kenya/life-and-style/mynetwork/self-belief-i-always-knew-i-was-built-to-be-an-entrepreneur--4593622
McKinsey faces US criminal probe over opioids work, sources say: McKinsey & Co is under criminal investigation in the United States over allegations that the ...
reuters.com/business/healthcare-pharmaceuticals/mckinsey-faces-us-criminal-probe-over-opioids-work-sources-say-2024-04-24/
Quick Glance: Investigation against McKinsey in the US over involvement in the opioid industry
- A grand jury was established to examine evidence related to consulting for pharmaceutical companies involved in the addiction epidemic.
- McKinsey is under a criminal investigation in the US for its involvement with opioid manufacturers.
- Furthermore, federal prosecutors are looking into whether the company impeded justice through its actions as concerns about its work grew.
- According to a source, the US Department of Justice has been scrutinizing McKinsey's activities for several years, with a grand jury now set up in Virginia to review evidence.
Microsoft-backed Rubrik prices US IPO above range at $32/shr: Rubrik , the cybersecurity software startup that counts Microsoft among its investors ...
reuters.com/markets/deals/microsoft-backed-rubrik-prices-ipo-above-range-32-per-share-source-says-2024-04-24/
German AI start-ups are booming - and still lag behind: Last year, two-thirds more AI start-ups were created in Germany than in the previous year ...
faz.net/aktuell/wirtschaft/unternehmen/deutsche-ki-start-ups-boomen-und-haengen-trotzdem-hinterher-19675006.html
Nvidia acquires AI workload management startup Run:ai for $700M, sources say: Nvidia is acquiring Run:ai, a Tel Aviv-based company that makes it easier for ...
techcrunch.com/2024/04/24/nvidia-acquires-ai-workload-management-startup-runai/
Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval
techcrunch.com/2024/04/24/india-swiggy-secures-shareholder-approval-for-1-2-billion-ipo/
India court allows request by Go First lessors for aircraft deregistration: An Indian court permitted on Friday a request for deregistration of aircraft by ...
reuters.com/business/aerospace-defense/india-court-allows-request-by-go-first-lessors-aircraft-deregistration-2024-04-26/
Start-ups face more tax heat, to move court: In September last year, the tax department notified five valuation methods for capital infused in Indian unlisted ...
financialexpress.com/business/sme-start-ups-face-more-tax-heat-to-move-court-3469814/
Exclusive: AI startup Edia guarantees better math outcomes for school districts within one year
venturebeat.com/ai/exclusive-ai-startup-edia-guarantees-better-math-outcomes-for-school-districts-within-one-year/
Florida Home Insurers With Lax Ratings Pose New Property Risk: A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
bloomberg.com/news/features/2024-04-24/home-insurance-with-lax-oversight-hides-florida-climate-risk
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
techcrunch.com/2024/04/24/xaira-an-ai-drug-discovery-startup-launches-with-a-massive-1b-says-its-ready-to-start-developing-drugs/
Popular crafts retailer to emerge from bankruptcy as private company: The company had filed for bankruptcy on March 18.
pennlive.com/business/2024/04/beloved-crafts-retailer-to-emerge-from-bankruptcy-as-private-company-within-days.html
FTX Auction: Pantera Capital Buys Another Trove of Solana Tokens (SOL): Pantera Capital was among the winning bidders for another trove of discounted Solana ...
bloomberg.com/news/articles/2024-04-25/pantera-capital-buys-another-trove-of-solana-tokens-from-ftx-estate
Express filed for bankruptcy this week. These Iowa stores are closing.: Express filed for bankruptcy protection this week. Three locations in Iowa are slated to ...
desmoinesregister.com/story/money/business/retail/2024/04/26/express-bankruptcy-iowa-stores-closing/73455316007/
Popular mall retailer plans Chapter 11 bankruptcy, suitors emerge
kansascity.com/news/business/article287880115.html
Soros family fund among investors in Japan electricity exchange startup: TOKYO -- A group of 17 trading, power and gas companies, as well as Soros Capital ...
asia.nikkei.com/Business/Energy/Soros-family-fund-among-investors-in-Japan-electricity-exchange-startup
Fisker CEO: 4 automakers in talks to buy struggling startup: Fisker is in talks with four automakers for possible acquisition, CEO Henrik Fisker told employees ...
businessinsider.com/fisker-tells-staff-startup-in-talks-with-4-automakers-buyout-2024-4
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Ex-NSA hacker and ex-Apple researcher launch startup to protect Apple devices: Two veteran security experts are launching a startup that aims to help other ...
techcrunch.com/2024/04/25/ex-nsa-ex-apple-researcher-doubleyou/
SC Potsdam: New financial gap caused by volleyball Bundesliga - is now in danger of bankruptcy?
maz-online.de/lokales/potsdam/sc-potsdam-neue-finanzluecke-durch-volleyball-bundesliga-droht-nun-die-insolvenz-KQWGTKOVCFBTXHCXNALG5JPY2U.html
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Trump Media Ropes In Congress to Pursue Claims of Illegal Shorts: Donald Trump’s social media startup publicized a letter to the heads of various US House of ...
bloomberg.com/news/articles/2024-04-24/trump-media-ropes-in-congress-to-pursue-claims-of-illegal-shorts
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RTL Group: The media value is cheaper on Thursday, but...: RTL Deutschland takes over Nickelodeon from Paramount. After the dividend discount ...
deraktionaer.de/artikel/medien-ittk-technologie/rtl-group-am-donnerstag-gibt-es-den-medien-wert-guenstiger-aber-20356035.html
Espresso without the beans: What's inside Atomos new coffee alternative: As Americans drink record-breaking amounts of coffee, one food startup offers ...
axios.com/2024/04/22/bean-free-espresso-coffee-atomo-earth-day
Another popular beer, brewery brand files Chapter 11 bankruptcy: It has been a dark period for breweries with countless brands going out of business.
kentucky.com/news/business/article287727930.html
Arms start-up from Bavaria: The German who builds drones for Ukraine: Florian Seibel actually wanted to sell drones for sustainable agriculture ...
spiegel.de/wirtschaft/unternehmen/ukraine-krieg-wie-ein-klima-start-up-mit-drohnen-die-ruestungsbranche-aufmischt-a-52778f62-9760-4b80-940e-b2bb62640560
Japan startup reveals 'world's first' close-up space debris image: Japanese space company Astroscale Holdings Inc. on Friday unveiled what it calls the world's ...
news.abs-cbn.com/world/2024/4/27/japan-startup-reveals-world-s-first-close-up-space-debris-image-1010
Exclusive: VC firm Redesign Health looks to raise $250 million: Health startup investor and accelerator Redesign Health is targeting a fresh $250 million raise ...
businessinsider.com/exclusive-vc-firm-redesign-health-raise-250-million-2024-4
Tattered Cover could have new owners by summer as bookstore files new bankruptcy reorganization plan
denverpost.com/2024/04/26/tattered-cover-files-updated-bankruptcy-plan/
This exoskeleton can boost your physical capabilities: A new generation of lightweight exoskeletons will enable long-distance walkers, hikers and sports ...
thestar.com.my/tech/tech-news/2024/04/27/this-exoskeleton-can-boost-your-physical-capabilities
Probe of PwC's Evergrande conduct casts shadow on Big Four auditors: HONG KONG -- Growing scrutiny of PwC's audit work on bankrupt developer China ...
asia.nikkei.com/Business/Markets/China-debt-crunch/Probe-of-PwC-s-Evergrande-conduct-casts-shadow-on-Big-Four-auditors
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Popular restaurant chain filing for bankruptcy, closing all locations
kentucky.com/news/business/article287945855.html
Nationwide fast-food chain files surprise Chapter 11 bankruptcy: The nationwide chain faced deep competition that led to huge financial problems.
sacbee.com/news/business/article287854890.html
Paris startup adds 'universal compute' weapon to France's growing AI arsenal: A startup promising “universal AI compute” has joined France’s thriving artificial ...
thenextweb.com/news/flexai-universal-ai-compute-french-ai-sector
Struggling EV startup Fisker says 4 companies are in talks to buy it: Nissan was reportedly in negotiations to give Fisker $400 million, but that apparently fell ...
qz.com/fisker-ev-startup-buyout-1851439590
The University of Saint Katherine announces sudden closure, filing for bankruptcy
sandiegouniontribune.com/news/education/story/2024-04-26/the-university-of-saint-katherine-ceases-operations
This week in Dutch tech: Hallo, Netherlands! Welcome to TNW's first weekly round-up of tech news from our glorious home country.
As we count down to TNW ...
thenextweb.com/news/this-week-in-dutch-tech-news
Trump Set for Another $1.3 Billion in Shares He Can’t Sell Yet: The blank-check deal that brought Donald Trump’s media startup public is set to give him another ...
bloomberg.com/news/articles/2024-04-23/trump-set-for-another-1-3-billion-in-shares-he-can-t-sell-yet
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Sustainability and agrifood sectors fuel Singapore startup growth: Sustainability and agrifood sectors are leading Singapore's startup ecosystem ...
sbr.com.sg/markets-investing/in-focus/sustainability-and-agrifood-sectors-fuel-singapore-startup-growth
Rite Aid to close 16 more stores, including 4 in Pa.: Since October, the company has announced in bankruptcy filings the closings of more than 400 stores.
pennlive.com/business/2024/04/rite-aid-to-close-16-more-stores-including-4-in-pa.html
Nationwide fast-food chain files surprise Chapter 11 bankruptcy
kentucky.com/news/business/article287854890.html
Perplexity is raising $250M+ at a $2.5B-$3B valuation for its AI search platform, sources say
techcrunch.com/2024/04/23/perplexity-is-raising-250m-at-2-point-5-3b-valuation-ai-search-sources-say/
DeepL launches AI writing assistant for businesses trained on its own LLM: DeepL, which has been rivalling machine translation giants such as Google Translate ...
thenextweb.com/news/deepl-ai-writing-assistant-businesses
Disgraced horse trainer gambled $2m before bankruptcy: A disgraced former horse trainer gambled more than $2 million before filing for bankruptcy and collecting ...
odt.co.nz/sport/racing/disgraced-horse-trainer-gambled-2m-bankruptcy
Restaurant chain files for bankruptcy, closes 11 locations: The chain was founded 30 years ago.
pennlive.com/business/2024/04/restaurant-chain-files-for-bankruptcy-closes-11-locations.html
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