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September 22, 2021 By Caroline Valetkevitch NEW YORK (Reuters) – U.S. companies have retained strong profit margins through the pandemic because they have cut costs and passed along high prices to customers. The question is: How long can this go on? With inflation still strong, the ability for companies to keep margins at record levels […]

September 22, 2021 WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen spoke with British finance minister Rishi Sunak on Wednesday about ongoing global tax reform efforts, and underscored the need for a compromise on withdrawal of digital services taxes, the Treasury said. Yellen also thanked Sunak for his leadership of the G7 and in talks […]

September 22, 2021 By Sohini Podder, Echo Wang and Krystal Hu (Reuters) -Toast Inc fetched a valuation of nearly $33 billion in its New York Stock Exchange debut on Wednesday, as shares of the restaurant software provider jumped 63%, underscoring a deep investor appetite for fast-growing software firms. The stock opened at $65.26, compared with […]

Buying and selling on marketplace websites like Craigslist and Facebook Marketplace often lead to meeting a stranger somewhere to complete the purchase and pick up the item. With over 1 billion Facebook Marketplace users per month, Nymbull founder Jackson Wegelin doesn’t think that’s necessary for peer-to-peer transactions. And he estimates that between interacting with potential […]

September 22, 2021 (Reuters) – Kenya’s Mary Keitany, the world record holder for a women-only marathon, announced her retirement on Wednesday at the age of 39 due to a back injury. Keitany set the record in her third London Marathon win in 2017, finishing in a time of two hours 17 minutes and one second. […]

September 22, 2021 (Reuters) -The term ‘batsman’ has been amended to the gender-neutral term ‘batter’ in the Laws of Cricket to stress the importance of the women’s game, the Marylebone Cricket Club said on Wednesday. England beat India in the 2017 women’s World Cup final in front of a capacity crowd at Lord’s while the […]

September 22, 2021 By Steve Keating KOHLER, Wisconsin (Reuters) – A fast start could be the key to another Europe Ryder Cup victory, says Tony Jacklin, the four-times team captain, noting that Padraig Harrington’s men could take a lesson from the women who shot out of the blocks on the way to winning the Solheim […]

September 22, 2021 By John McCrank NEW YORK (Reuters) – Robinhood Markets Inc said on Wednesday it plans to begin testing cryptocurrency wallets next month, with a broader rollout in early 2022, allowing its users to move supported digital currencies in and out of their brokerage accounts. The Menlo Park-based retail brokerage currently allows buying, […]

September 22, 2021 By Steve Keating KOHLER, Wisconsin (Reuters) – Patrick Cantlay has earned a reputation as being a deep thinker and the American flexed those credentials on Wednesday when he used the card game gin, roulette and mathematics in his bid to explain why Europe dominates the Ryder Cup. The reigning PGA Tour Player […]

September 22, 2021 By Timothy Gardner WASHINGTON (Reuters) – U.S. oil majors Exxon Mobil Corp and Chevron Corp have failed to meet a core transparency standard set by the Extractive Industries Transparency Initiative, a global anti-corruption body on which the companies have board seats, EITI said on Wednesday. Exxon and Chevron have declined to publicly […]

September 22, 2021 (Reuters) – Following is the full statement issued by the Federal Open Market Committee on Sept. 22, 2021: The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. With progress on vaccinations […]

September 22, 2021 (Reuters) – Ferrari’s Charles Leclerc will start Sunday’s Russian Formula One Grand Prix from the back of the grid due to a change of power unit, the Italian team said on Wednesday. Ferrari said they would be introducing an updated hybrid system in Sochi, mainly to gain experience with it for the […]

September 22, 2021 NEW YORK (Reuters) – The Federal Reserve on Wednesday cleared the way to reduce its monthly bond purchases “soon” and signaled interest rate increases may follow more quickly than expected, with nine of 18 U.S. central bank policymakers projecting borrowing costs will need to rise in 2022. The actions, which were included […]

September 22, 2021 By Simon Evans MANCHESTER, England (Reuters) – European football’s governing body UEFA has urged FIFA to stop pushing its plan for a two-year World Cup and instead to engage in “genuine consultation” over reform of the international match calendar. FIFA is conducting a feasibility study into holding the World Cup on a […]

Julio Vasconcellos Contributor Share on Twitter Julio Vasconcellos is the managing partner of Atlantico, a venture capital fund focused on Latin America. He was previously the founder of Canary and Peixe Urbano, and was Facebook’s first employee in Brazil. More posts by this contributor Latin America’s digital transformation is making up for lost time Over […]

Design software startup Canva has been making news of late. The company just raised $200 million at a $40 billion valuation, and co-founders Melanie Perkins and Cliff Obrecht gave the vast majority of their equity (around $13 billion) to charity through the Canva Foundation. We sat down with Perkins at TechCrunch Disrupt 2021 to talk […]

Every year, more than 100,000 people in the United States wait for an organ donation. More than a dozen people will die each day still waiting. Such is the brutal math and the necessary optimism required to work in the organ procurement world. For the past several decades, a private network of now 57 organ […]

The world of vertical farming has seen a massive uptick in interest over the past decade, as the world grapples with concerns over resource use, farmable area and exploding population growth. While promising, there are still plenty of question marks surrounding the technology, including the diversity of crops one can grow indoors at scale. Newark, […]

At TechCrunch Disrupt 2021, Slack founder and CEO Stewart Butterfield and Salesforce COO Bret Taylor discussed their $28 billion merger, announced last December, which the Department of Justice signed off on this summer. But shareholders still seem to be second-guessing the deal. At least, they aren’t convinced of the value that Slack brings to Salesforce […]

September 22, 2021 By Pavel Polityuk and Natalia Zinets KYIV (Reuters) -Ukrainian police are trying to work out who ordered unidentified individuals to try to murder a top aide of President Volodymyr Zelenskiy after his car was sprayed with automatic gunfire on Wednesday morning in an attack that shocked the political elite. Serhiy Shefir, the […]