Candlelit vigils are taking place across Scotland as part of a series of events marking Brexit day. Organisers of the Leave a Light On gatherings invited people to join them to mark the “sad occasion” of the UK’s exit from the European Union. Meanwhile, supporters of Brexit gathered in Glasgow’s George Square to celebrate the
Month: January 2020
Shares of One Medical are worth $19.50 this morning after the venture-backed unicorn priced its IPO at $14 per share last night. The company opened at $18 before rising further, according to Yahoo Finance data. At its current price, One Medical is worth about 40% more than its IPO price, a strong debut for the
Delta A350 Source: Delta Airlines Delta Air Lines on Friday announced it would suspend its remaining service to and from China next month as the rapid spread of coronavirus cuts into demand. The Atlanta-based carrier’s service suspension will begin Feb. 6 and last through April 30, but will continue to operate the service until then to
Chevron posted a $6.6 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to the company’s shale gas production sites in Appalachia and deep-water projects in the Gulf of Mexico. In December, the company warned that this charge would be between $10 billion and $11 billion. Shares slid more than
Customers look on as a Walmart cashier rings up their purchases at a Walmart store on August 15, 2019 in Richmond, California. Justin Sullivan | Getty Images U.S. consumer sentiment came in marginally above expectations and within striking distance of a cyclical peak amid strength in the labor market and strong increases in income, data
As the Kansas City Chiefs play the San Francisco 49ers in Miami’s Hard Rock Stadium on Sunday, the price tag for a 30-second TV commercial during Super Bowl LIV on Fox is a reported $5.6 million. That’s up from $5.2 million last year. For just under that amount, you can own a castle located in
CNBC’s Jim Cramer said Friday he’s done with fossil fuel stocks because young investor’s concerns about climate change are holding them down. On “Squawk Box,” Cramer compared oil and other fossil fuel stocks to the sigma attached to investing in tobacco companies, saying they are in the “death knell phase.” He added, ”They’re tobacco. I think
Home concept,Businessmen holding home keys krisanapong detraphiphat Many people entering the traditional home-buying years already have debt – student loans, of course. And those loans can make landing in a new house trickier. “Although many Americans have student loans, mortgage companies will still evaluate these outstanding debts while making their decision to approve or deny
A doctor puts on protective goggles before entering the isolation ward at a hospital, following the outbreak of a new coronavirus in Wuhan, Hubei province, China January 30, 2020. Picture taken January 30, 2020. China Daily via REUTERS BEIJING (Reuters) – Wuhan, the epicenter of a coronavirus that has quickly spread beyond China’s borders in
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re digging into One Medical’s IPO pricing, especially as it relates to the company’s valuation and resulting revenue multiples. Our goal this morning is to understand how the IPO process priced One Medical last
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. It was yet another jam-packed week full of big news, IPO happenings and venture activity. As always, we’ve done our best to deliver the gist on what’s been going on. We had Alex Wilhelm and Danny Crichton
After opening an office in the city last year, Indian ride-hailing firm Ola said it would officially begin operations in London on February 10. London is one of the world’s biggest markets for ride-hailing services, and the expansion is a key development in Ola’s international strategy as the company widens its competition with Uber, another
Twitter has confirmed it has temporarily suspended the account of controversial rightwing commentator, Katie Hopkins. The move was reported earlier by the BBC. Hopkins, a former MailOnline columnist and presenter on LBC radio, is a veteran of the social media platform, joining Twitter just under a decade ago — and using it amplify her brand of
Skymind Global Ventures (SGV) appeared last year in Asia/UK as a vehicle for the previous founders of a YC-backed open-source AI platform to invest in companies that used the platform. Today it announces the launch of an $800 million fund to back promising new AI companies and academic research. It will consequently be opening a
This is a live blog. Please check back for updates. All times below in Beijing time. 8 am: China says death toll hits 213, cases rise to 9,692 China’s National Health Commission said there have been an additional 43 deaths and 1,982 new confirmed cases, as of the end of Thursday. That brings the country’s
Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks at the National Press Club in Washington, D.C., on Thursday, Sept. 19, 2019. Andrew Harrer | Bloomberg | Getty Images Amazon’s ongoing effort to get orders to your doorstep more quickly is likely to drag down profit numbers when the company reports fourth-quarter results
An employee assembles an excavator at the Caterpillar Inc. manufacturing facility in Victoria, Texas. Callaghan O’Hare | Bloomberg | Getty Images Here are the most important things to know about Friday before you hit the door. 1. Caterpillar earnings Industrial giant Caterpillar is set to report quarterly earnings before the bell Friday. Investors will look
What do the Mona Lisa, the Great Wall of China and Trolltunga have in common? It sounds like a bad travel joke, but the answer is — they are popular bucket list destinations for travelers around the world. The pop culture vernacular for “a checklist of things to do before one dies” has become a
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is making a push for investors’ dollars with a new digital robo-adviser that’s free for customers with at least $50,000 in deposits or investments at the bank. That’s the threshold needed to qualify for
Anfisa Kameneva | EyeEm | Getty Images Many workers don’t have access to retirement savings programs. That is changing. Now, efforts on both a national and state level aim to give more individuals access to plans. In December, Congress ushered in the Secure Act. Among the changes included in the legislation are new ways for
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