Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation
Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qat.....»»
Neuralink, Elon Musk"s brain implant startup, raises $280 million
Elon Musk's biotechnology startup Neuralink raised $280 million in a fundraising round, the company announced on Monday via X, the Musk-owned social media platform formerly known as Twitter......»»
Apple"s valuation will fall to less than $3 trillion for the worst reasons
If the current stock price holds until opening, and it is likely to, Apple will fall below the $3 trillion valuation after reaching it in the last hours of June, because more than half of the firms giving advice to investors don't know enough about t.....»»
Magna raises outlook after swinging to $339 profit in Q2 amid production surge
Demand for parts has remained strong from automakers as they strive to manufacture new models to cater to consumers looking to snap up pickups, crossovers and SUVs......»»
UAW to seek more than 40% wage gains from Detroit 3, sources say
The gains would include a 20 percent raise upon ratification, followed by 5 percent raises each year of the four-year deal, according to the people, who requested anonymity discussing the negotiations......»»
Cars.com Q2 net income jumps from one-time use of valuation allowance
Price increases and acquisitions are fueling more revenue growth, but dealership marketplace churn grew more than analysts expected......»»
Endor Labs raises $70 million to expand into other areas of code and pipeline security
Endor Labs raises $70 million in oversubscribed Series A financing from Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32, and over 30 industry-leading CEOs, CISOs, and CTOs. Arif Janmohamed of Lightspeed, Sri Viswanat.....»»
Aurora raises $853 million while self-driving truck competitors falter
Self-driving trucking company Aurora Innovation expects to have $1.6 billion to carry it through its planned commercial launch at the end of 2024 and into the second half of 2025......»»
Aptiv raises full-year sales forecast after swinging to $229M net profit in Q2
The auto technology supplier, which counts GM, Ford and Tesla among its customers, expects 2023 revenue to rise between $19.95 billion and $20.25 billion from its prior range of $18.7 billion to $19.3 billion......»»
Tim Cook promises aid for Beijing flooding relief
Apple CEO Tim Cook says that the company will be donating support to relief efforts following flooding in China's Beijing within the Hebei province.Apple Sanlitun in Beijing (source: Apple)As it now has many times before in Turkey, Pakistan, the US,.....»»
Cyble raises $24 million to enhance its AI-driven security solutions
Cyble has been steadily gaining recognition as the favored solution for Dark Web and Threat Intelligence among cybersecurity specialists. They just announced a $24 million injection of capital through Series B funding. The funding round, co-led by Bl.....»»
Discovery of Elusive "Einstein" Tile Raises More Questions Than It Answers
A surprisingly simple answer to a mathematical puzzle intrigues the math world.....»»
TD Cowen raises AAPL target to $220 as iPhone demand in China, India grows
TD Cowen has increased its price target for Apple to $220, with iPhone shipments to emerging markets a "bright spot" in the upcoming Q3 2023 financial results.Apple is announcing its Q3 2023 quarterly results on Thursday, and continuing with analyst.....»»
Ford posts $1.9B Q2 net income, raises guidance but forecasts larger EV losses
Ford made $2.3 billion from its gasoline-powered vehicle business and $2.4 billion from its commercial unit but lost $1.1 billion on EVs......»»
Ford posts $1.9B Q2 net income, raises full-year profit outlook
Ford made $2.3 billion from its gasoline-powered vehicle business and $2.4 billion from its commercial unit but lost $1.1 billion on EVs......»»
Google alert failed to warn people of Turkey earthquake
The tech giant claims millions of people were sent a warning before the deadly earthquake earlier this year......»»
Do smartphones belong in classrooms? Four scholars weigh in
Should smartphones be allowed in classrooms? A new report from UNESCO, the education arm of the United Nations, raises questions about the practice. Though smartphones can be used for educational purposes, the report says the devices also disrupt cla.....»»
Protect AI raises $35 million to help organizations build safer AI
Protect AI has closed a $35 million Series A round of funding led by Evolution Equity Partners with participation from Salesforce Ventures and existing investors Acrew Capital, boldstart ventures, Knollwood Capital and Pelion Ventures. To date, the c.....»»
Fed raises interest rates 0.25 of a point as new-car loans loom at 7%
The Federal Reserve on Wednesday, July 26, increased its benchmark rate target 0.25 points to 5.25-5.5 percent,a decision that could leave auto dealerships and customers dealing with higher interest rates on car loans. New-vehicle auto loans were up.....»»
GM reports 52% surge in Q2 net income, raises 2023 guidance a second time
The automaker raised its guidance for the second consecutive quarter and said it would cut an additional $1 billion in costs over the next two years......»»
Spotify raises premium subscription price for millions
For the first time since 2011, Spotify confirms a price hike for about 200m ad-free subscribers......»»