Fintech giant Stripe’s valuation spikes to $65B in employee stock-sale deal

Payments infrastructure giant Stripe said today it has inked deals with investors to provide liquidity to current and former employees through a tender offer at a $65 billion valuation. Notably, the valuation represents a 30% increase compared to what Stripe was valued at last March when it raised $6.5 billion in Series I funding at … Read more

Valentine’s Day chocolate prices higher as cocoa shortfall spikes

Chocolates packaged for Valentine’s Day sit on a table on February 2, 2024 in Chicago, Illinois.  Scott Olson | Getty Images News | Getty Images A bouquet of roses, dinner for two and a box of chocolates make up the essentials for a textbook Valentine’s Day date. But lovers may experience sticker shock this year due … Read more

Ether price spikes on hope of ETH ETF — but will the SEC approve it?

St. Moritz, SWITZERLAND — U.S. Securities and Exchange Chair Gary Gensler fired warning shots to the crypto industry, casting doubt over whether digital coin ether would follow next in the footsteps of bitcoin to receive approval for an exchange-traded fund. After the bitcoin ETF approval, prices for ether — the token linked with Ethereum — … Read more

UiPath stock spikes after earnings beat, generative AI integration

Co-founder and CEO of UiPath Daniel Dines speaks on stage at TechCrunch Disrupt Berlin 2019 at Arena Berlin on December 12, 2019 in Berlin, Germany. Noam Galai | Getty Images UiPath stock popped more than 20% on Friday, one day after the company released quarterly earnings that beat Wall Street’s top- and bottom-line expectations. The … Read more

New Zealand dollar spikes as RBNZ holds rates, warns of more hikes

Pedestrians walk past the Reserve Bank of New Zealand headquarters in Wellington, New Zealand, on Thursday, Sept. 13, 2012. Mark Coote | Bloomberg | Getty Images The New Zealand dollar jumped 1% to nearly 0.62 against the U.S. dollar after the Reserve Bank of New Zealand held its official cash rate at 5.5% and warned that … Read more

Italy suspends open border with Slovenia, citing increased terror threat as Mideast violence spikes

Italy says it is suspending an open-border agreement with neighboring Slovenia, citing an increased threat of terrorism in Europe due to violence in the Middle East ByThe Associated Press October 18, 2023, 12:18 PM FILE – Italy’s Prime Minister Giorgia Meloni arrives at the Europe Summit in Granada, Spain, Thursday, Oct. 5, 2023. Premier Giorgia … Read more

The Thriller of Chernobyl’s Submit-Invasion Radiation Spikes

When Russian troops seized management of the Chernobyl nuclear energy plant final yr, following the invasion of Ukraine, President Volodymyr Zelensky known as it “a declaration of conflict” towards Europe. Others warned that Russia’s reckless seizure of the plant might set off a nuclear catastrophe to rival Chernobyl’s 1986 radiological accident. Their fears appeared well-founded … Read more

June temperatures briefly handed key local weather threshold. Scientists count on extra such spikes

BERLIN — Worldwide temperatures briefly exceeded a key warming threshold earlier this month, a touch of warmth and its harms to come back, scientists fear. The mercury has since dipped once more, however consultants say the brief surge marked a brand new world warmth document for June and signifies extra extremes forward because the planet … Read more