Blackstone and Vista Equity Partners to Acquire Smartsheet
Collaboration software maker Smartsheet announced on Tuesday, September 24 that Blackstone and Vista Equity Partners would acquire it.
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DailyPay Plans to Expand Earned Wage Access Services to UK
DailyPay will expand its earned wage access (EWA) services to the United Kingdom in the current fall.
China’s Semiconductor Industry Demonstrates Moderate Movement Forward
In China, the local semiconductor industry is gradually promoting homegrown lithography tools following the specifications published by the central government of the Asian country, but analysts through the prism of skeptical perception assess the quality level of this movement forward, noting in an appropriate context that Beijing has yet to make a kind of breakthrough […]
PNC and Plaid Collaborate on Secure Sharing of Banking Data
PNC Financial Services Group and Plaid have formed partnerships in which the bank’s customers are allowed to securely share their data with third-party financial apps and services.
Capmont Reportedly Launches $111 Million Fund
The media reports that the venture capital company Capmont Technology, which is based in Munich, has launched a fund worth $111 million.
VC Company Patron Raises $100 Million
Early-stage venture capital company Patron announced that its second fund raised $100 million.
US Retail Sales Demonstrate Growth
In the United States, an increase in retail sales was recorded in August, which was evidence that one of the main driving forces of the positive dynamic economic system of this country remains in force, despite various difficulties, including inflation that has not been fully overcome and continuing uncertainty about the scenarios of the future.
Intel Shares Rise Amid Chip Deal With Amazon
Intel’s chip manufacturing business, which has recently faced significant difficulties, received an incentive for growth and development after the announcement of the beginning of interaction with a major customer, which is Amazon.
VC Firm Insight Partners Reportedly Prepares to Close $10 Billion-Plus Fund
The media reports that the venture capital company Insight Partners is currently preparing to close a fund worth more than $10 billion.
OpenAI Announces New Independent Board Oversight Committee
OpenAI on Monday, September 16, announced that its Safety and Security Committee, which this company introduced in May during the proceedings in the framework of disputes related to security processes, is being transformed in a structural sense and corporate context into an independent board oversight committee.
Larry Ellison Becomes World’s Second-Richest Man
On Monday, September 16, the value of Oracle shares continued their growth trajectory, increasing by more than 6%, against which the chairman of this company, which is a software developer and server hardware supplier, Larry Ellison became the second richest person in the world, displacing Amazon founder Jeff Bezos in the appropriate position.
Adobe Shares Demonstrate Sharp Decline
The value of Adobe shares fell by almost 10% on Friday, September 13, after the Photoshop developer released a disappointing quarterly earnings forecast, which provoked fears that returns from its push toward artificial intelligence design would become a scenario for a longer period of materialization compared to initial expectations.
China’s Lawmakers Target New Money-Laundering Risks
In China, local lawmakers intend to monitor and analyze new risks in the financial area related to such practices as money laundering.
Hong Kong Demonstrates Readiness to Push Forward Belt and Road Initiative
Hong Kong’s financial secretary Paul Chan said that the city has all the capabilities necessary to facilitate the implementation of the Belt and Road Initiative.
Oracle Earnings Beat Estimates
During the extended trading, the value of Oracle shares, a provider of database software, showed an increase of 9%, against the background of earnings data from this company for the first quarter of fiscal year 2025, which exceeded Wall Street’s preliminary expectations.
China Faces Growth of Deflation Risk
In China, core inflation has fallen to a level that is the lowest in more than three years, amid which calls have begun to spread for increased efforts to boost household spending.
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