Male in a suit holding burning cash and bank card. isolated on grey background. FXQuadro | iStock | Getty Images It started with word spreading through Silicon Valley last fall into winter about the term sheets for start-up funding getting pulled. Now, a less frothy Silicon Valley is the assumption in beginning to understand the outlook in a world of rising interest rates and declining market liquidity, and investors who are no longer willing to fund profitless futures indefinitely. But how exactly will the venture world of the past decade…
Read MoreDay: May 18, 2022
News: Malaysia Airlines launches new route from Kuala Lumpur to Doha
Malaysia Airlines, the national carrier of Malaysia, has announced the launch of direct flights from Kuala Lumpur to Doha, which will open further connections to Europe through its codeshare with Qatar Airways as a reciprocal oneworld Alliance member. Source link
Read More‘Pharma bro’ Martin Shkreli released from federal prison and into New York halfway house
Former pharmaceutical executive Martin Shkreli departs the U.S. District Court for the Eastern District of New York, August 3, 2017 in the Brooklyn borough of New York City. Getty Images Notorious “Pharma bro” fraudster Martin Shkreli was released from a federal prison in Pennsylvania on Wednesday and into a U.S. Bureau of Prisons halfway house at an undisclosed location in New York to complete the rest of his criminal sentence, his lawyer said. In a throwback to the days when Shkreli was one of the most prominent trolls on Twitter,…
Read MoreHere’s what Walmart, Target, Home Depot and Lowe’s tell us about the state of the American consumer
Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on where and how people are spending their money. Walmart said some of its more price-sensitive customers are beginning to trade down to private-label brands, while Home Depot emphasized the resiliency among its customer base, a sizable percentage of…
Read MoreWhy Tesla was kicked out of the S&P 500’s ESG index
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile Apple, Microsoft, Amazon and even oil and gas multi-national Exxon Mobil were included on the list. The S&P 500 ESG Index uses environmental, social and governance data to rank and effectively recommend companies to investors. Its criteria include hundreds of data points per company that pertain to the way businesses affect the planet…
Read MoreNews: Mövenpick Resort Al Marjan Island set to open in Ras AI Khaimah
Mövenpick Resort Al Marjan Island, in partnership with RAK AMI Hotel FZ-LLC, is scheduled to open in Q2 2022 on the spectacular Al Marjan Island, Ras Al Khaimah. Source link
Read MoreCramer rips Target for blindsiding investors. Turns out it did even worse than Walmart
Jim Cramer says the retailers should have preannounced the bad news. Source link
Read MoreJoyn Bio aims to solve the world’s fertilizer problem with microbes
Plants at the Joyn Bio greenhouse in Woodland, Calif. Photo courtesy Joyn Bio Nitrogen fertilizer is crucial to growing crops and feeding the global population. But it’s expensive, in critically short supply, and is a contributor to climate change because the process to make it releases greenhouse gases. It’s a thorny problem, but microbes may be able to help solve it. That’s the thesis of Mike Miille and the team at Joyn Bio, a start-up launched in October 2017 as a joint partnership between the synthetic biology company Ginkgo Bioworks…
Read MoreNews: Four Seasons Hotel Alexandria at San Stefano introduces newly launched beach villas
Once the capital of Greco-Roman Egypt and today a favourite seaside holiday destination, the city of Alexandria has been drawing travellers to Egypt’s northern coast for centuries with its intoxicating blend of history, culture, authentic Mediterranean dishes, and relaxed seaside mood. Source link
Read MoreFormer Disney CEO Bob Iger invests in $15 billion delivery start-up Gopuff
A bag of groceries with the logo of American on-demand delivery start-up Gopuff. Gopuff Delivery start-up Gopuff announced Wednesday that it’s bringing on former Disney CEO Bob Iger as an investor and advisor to the $15 billion company. “It’s been exciting to spend time with Gopuff leadership learning about the company, the founders, and their aspirations,” Iger stated in a press release on the investment. “I am excited to advise, mentor, and support the executive team as they continue building a company uniquely designed for how consumers are changing and…
Read More