September 20, 2021 BEIRUT (Reuters) – Lebanon’s Prime Minister Najib Mikati said on Monday a resumption of talks with the International Monetary Fund was a necessity to pull the country out of its financial crisis. Mikati made his remarks after a long parliamentary session, held since noon, to debate his government’s policy proposal and give […]
Fivetran hauls in $565M on $5.6B valuation, acquires competitor HVR for $700M
Fivetran, the data connectivity startup, had a big day today. For starters it announced a $565 million investment on $5.6 billion valuation, but it didn’t stop there. It also announced its second acquisition this year, snagging HVR, a data integration competitor that had raised over $50M, for $700 million in cash and stock. The company […]
Disrupt 2021 kicks off tomorrow
Time to carbo-load, startup fans. Tomorrow we kick off the opportunity marathon that is TechCrunch Disrupt 2021, and we can’t wait to see it all unfold! Considering the amount of programming available over the next three days, you might appreciate some expert guidance. No worries — we’ve got you covered. Make the Disrupt Desk your […]
Freshworks’ valuation could crest $10B in upcoming IPO
Earlier today, TechCrunch examined the new IPO price range for Toast. The U.S. software-and-fintech company moved its valuation materially higher in anticipation of pricing tomorrow after the bell and trading on Wednesday. It was not alone in doing so. Freshworks is also targeting a higher IPO price range, it disclosed today in a fresh SEC […]
U.S. stocks fall on growth worries and China risk, before FOMC
September 20, 2021 (Reuters) – Wall Street’s main indexes tumbled on Monday, as concerns about the pace of a global recovery spurred a selloff across sectors at the start of a week in which the Federal Reserve will decide on potentially tapering its pandemic-era stimulus. U.S. Treasury yields also fell as worries about the default […]
U.S. grain exports rise as Gulf terminals slowly recover from Ida
September 20, 2021 By Julie Ingwersen (Reuters) – U.S. grain exports increased last week as shippers along the Louisiana Gulf Coast recovered from flooding and widespread power outages caused by Hurricane Ida’s Aug. 29 landfall, but volumes were much lower than normal, preliminary data showed on Monday. Just seven export vessels were loaded with grain […]
Di Grassi stays in Formula E with Venturi after Audi exit
September 20, 2021 LONDON (Reuters) – The Venturi Formula E team announced on Wednesday the arrival of Brazilian Lucas di Grassi, winner of the electric series’ first race and one of only two drivers to have competed in every season since the start in 2014, from departed Audi. The 2016-17 Formula E champion, a former […]
Motor racing-Aston Martin break ground on new Silverstone F1 factory
September 20, 2021 LONDON (Reuters) – Aston Martin have started work on a new Formula One factory and wind tunnel that team owner Lawrence Stroll said underpins his commitment to the sport and aim of fighting for world championships in the next three to five years. The Canadian billionaire told reporters the Silverstone factory and […]
Coinbase scraps plans for crypto lending program
September 20, 2021 (Reuters) – Coinbase Global Inc has scrapped its plan to launch an interest-yielding USD Coin (USDC) lending program, the cryptocurrency exchange said in a blog post. The move comes days after U.S. regulators said it would sue Coinbase if it went ahead with its program allowing users to earn interest by lending […]
Bitcoin, ether slump as market selloff widens
September 20, 2021 By Gertrude Chavez-Dreyfuss and Saikat Chatterjee NEW YORK/LONDON (Reuters) -Cryptocurrency prices sank on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande’s troubles spread across financial markets. Bitcoin, the world’s biggest and best-known cryptocurrency, tumbled to $42,453.97, its lowest level since Aug. 7 before trimming […]
Former Treasury secretary Mnuchin raises $2.5 billion for fund – Bloomberg News
September 20, 2021 (Reuters) – Steve Mnuchin, a former Goldman Sachs executive who served as U.S. Treasury secretary during the Trump administration, has raised $2.5 billion at his private equity firm, according to a Bloomberg News report https://ift.tt/3hMTVWA on Monday. Most of the money raised for Washington D.C.-based Liberty Strategic Capital came from sovereign wealth […]
Leasing firms buy more planes than ailing airlines for first time
September 20, 2021 By Conor Humphries LONDON (Reuters) – Aircraft leasing companies are for the first time buying more of the world’s passenger planes than airlines after the pandemic clobbered carriers around the world, senior industry executives said on Monday. The historic shift, following decades of gradual growth, is down to leasing giants being able […]
Audience for Emmy Awards show rises to 7.4 million
September 20, 2021 LOS ANGELES (Reuters) -The television audience for Sunday’s Emmy Awards reached 7.4 million viewers, according to data released by broadcaster CBS, up some 16% from last year’s record low. A year ago, when the ceremony was held virtually because of the coronavirus pandemic, the audience for the highest awards in television slumped […]
Biden administration seeks to protect Americans from extreme heat
September 20, 2021 WASHINGTON (Reuters) -U.S. President Joe Biden on Monday ordered his administration to seek ways to ensure people are protected from extreme heat, including through work-related rules and other cooling efforts. The order comes as public health and environmental groups have put pressure on the administration to create enforceable standards for outdoor workers […]
Toast raises IPO price range, providing a Monday bump to fintech valuations
U.S. technology unicorn Toast filed a new S-1 document this morning detailing a higher IPO price range for its shares. The more expensive range indicates that Toast may be worth more in its debut than it initially expected, a bullish sign for technology companies more broadly. Toast’s rising valuation may provide a boon to two […]
Following SEC lawsuit threat, Coinbase cancels launch of ‘Lend’ product
Coinbase efforts to play hardball with the Securities and Exchange Commission didn’t last too long. The cryptocurrency exchange had garnered the ire of the regulatory commission over its plans to launch a crypto lending product, with the SEC sending the company a Wells notice which indicated that the agency would sue Coinbase if they launched […]
iOS 15 is now available to download
Apple has just released the final version of iOS 15, the next major version of the operating system for the iPhone. It is a free download and it works with the iPhone 6s or later, both generations of iPhone SE and the most recent iPod touch model. iPad users will also be able to update […]
Andreessen Horowitz’s crypto boss Katie Haun is coming to Disrupt
The crypto space has matured so much in so little time, but even amid a blockbuster year, it’s still facing down the existential risk of aggressive regulation from U.S. agencies. All the while, venture capital firm Andreessen Horowitz has been tirelessly building out a major crypto arm dedicated to ensuring that the firm will be […]
Exclusive: Partners Group raises $15 billion for private equity investing
September 20, 2021 By Chibuike Oguh (Reuters) – Partners Group Holding AG told Reuters on Monday it raised $15 billion for a private equity program to invest in assets such as technology, healthcare, and consumer goods companies. Partners Group amassed $6 billion for its fourth flagship direct equity fund and an additional $9 billion through […]
China Evergrande contagion concerns rile global markets
September 20, 2021 By Clare Jim HONG KONG (Reuters) -Growing fears of China Evergrande defaulting rattled global markets on Monday as investors worried about the potential impact on the wider economy dumped Chinese property stocks and sought refuge in safe-haven assets. Shares in Evergrande, which has been scrambling to raise funds to pay its many […]
