Trends
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SaaS and cloud stocks finally give back ground
After a heated run, SaaS and cloud stocks dipped sharply during regular trading on Monday. According to the category-tracking Bessemer…
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Apple may soon become world’s first $2 trillion-valued company
Apple Inc could soon achieve a market valuation of $2 trillion, becoming the world’s first company to do so, buoyed…
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Robinhood raises $320M more, bringing its latest round to $600M at an $8.6B valuation
The stakes keep getting higher for American discount brokerage Robinhood, which today disclosed that it has added hundreds of millions…
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The new school
Higher education is being transformed by COVID-19, but it goes beyond universities simply “going remote” to try…
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Microsoft’s Flight Simulator 2020 will launch on August 18
After a series of closed alpha tests, Microsoft’s Xbox Game Studios and Asobo Studios today announced that the next-gen Microsoft…
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Autonomous drone startup Skydio rises $100 million and launches the X2 commercial drone
Skydio has raised a $100 million Series C funding round, which was led by Next47 and includes participation from other…
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U.K. Launches Information Campaign to Prepare Public for Brexit As E.U. Departure Looms
Brexit moved back to the front-burner of British politics on Monday, months after COVID-19 knocked it out of the headlines,…
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AMC theaters line up deal to reduce debt by up to $630 million
AMC Entertainment Holdings Inc. said it has formal approval from a group of noteholders and the Silver Lake private equity…
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Analyst predicts COVID-19 vaccine could generate $5 billion in sales
Moderna Inc.’s experimental vaccine for Covid-19 could generate sales of more than $5 billion a year, Jefferies analyst Michael Yee…
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New York & Co parent company files for bankruptcy and closes hundreds of stores
The retail bloodbath of 2020 continued on Monday as RTW Retailwinds, the parent company of New York & Co said…
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