Venture capital funding is drying up. Here’s a four-time founder’s guide to surviving a market downturn

Venture capital funding is drying up.  Here’s a four-time founder’s guide to surviving a market downturn

Over the past few months, the startup community has been particularly hard hit by economic uncertainty. Following unprecedented losses, SoftBank has signaled it will downsize and exit stakes in some of its most notable investments. Major venture capital firms like Sequoia Capital and Y Combinator have issued stark warnings to founders, telling them to prepare … Read more

Venture capital funding is drying up. Here’s a four-time founder’s guide to surviving a market downturn

Venture capital funding is drying up.  Here’s a four-time founder’s guide to surviving a market downturn

Over the past few months, the startup community has been particularly hard hit by economic uncertainty. Following unprecedented losses, SoftBank has signaled it will downsize and exit stakes in some of its most notable investments. Major venture capital firms like Sequoia Capital and Y Combinator have issued stark warnings to founders, telling them to prepare … Read more

Stock futures flat as investors brace for July inflation report

Stock futures flat as investors brace for July inflation report

Stock futures were little changed early Wednesday as investors eagerly awaited a key inflation report due out on Wednesday. Dow Jones Industrial Average futures were flat. S&P 500 and Nasdaq 100 futures were slightly lower. The moves come after the S&P 500 and Nasdaq fell for a third straight day on Tuesday. The Nasdaq Composite … Read more

Elon Musk sells 7.92 million Tesla shares worth $6.88 billion

Elon Musk sells 7.92 million Tesla shares worth .88 billion

NEW YORK, NEW YORK – MAY 02: Elon Musk attends the 2022 Met Gala celebrating ‘In America: An Anthology of Fashion’ at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Met Museum/Vogue) Dimitrios Kambouris | Getty Images Entertainment | Getty Images Tesla CEO … Read more

Biden endorses Finland and Sweden’s NATO membership bids

Biden endorses Finland and Sweden’s NATO membership bids

US President Joe Biden, alongside Vice President Kamala Harris, Swedish Ambassador to the US Karin Olofsdotter and Finnish Ambassador to the US Mikko Hautala, signs documents endorsing the membership of the Finland and Sweden to NATO, in the East Room of the White House, in Washington, August 9, 2022. Evelyn Hockstein | Reuters WASHINGTON — … Read more

Stocks make the biggest moves after the hour: Coinbase, Roblox and more

Stocks make the biggest moves after the hour: Coinbase, Roblox and more

In this photo illustration the Coinbase logo seen displayed on a smartphone screen. Raphael Henrique | SOPA Images | Light flare | Getty Images Find out which companies are making headlines after hours trading. Coinbase – Coinbase fell more than 3.5% in after-hours trading after reporting its quarterly results. The company missed analysts’ expectations for … Read more

Coinbase (COIN) Q2 2022 Revenue

Coinbase (COIN) Q2 2022 Revenue

Shares of Coinbase fell in extended trading on Tuesday after the crypto exchange reported a loss of more than $1 billion in the second quarter and missed analysts’ estimates for revenue. Here’s how the company did it: Earnings: Loss of $4.98 per share, compared to a loss of $2.65 per share as expected by analysts, … Read more

Sweetgreen (SG) Q2 2022 results are in line with estimates

Sweetgreen (SG) Q2 2022 results are in line with estimates

A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged more than 20% in extended trading on Tuesday after the salad chain lowered its 2022 forecast. The catering company also said it had laid off 5% of … Read more

Norwegian Cruise Line, Micron Technology, Signet Jewelers, Novavax and more

Norwegian Cruise Line, Micron Technology, Signet Jewelers, Novavax and more

A view of the Norwegian Encore cruise ship during its maiden departure from PortMiami, which took place November 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Find out which companies are making headlines in the midday business. Norwegian Cruise Line – Shares fell nearly 12% on Tuesday after the company reported second-quarter … Read more

Zales owner Signet buys online jewelry brand Blue Nile

Zales owner Signet buys online jewelry brand Blue Nile

A pedestrian walks past a Zales store in New York. Scott Eells | Bloomberg | Getty Images Signet Jewelers announced on Tuesday that it will acquire online jewelry retailer Blue Nile for $360 million in an all-cash deal, in a bid to attract younger consumers and grow its bridal business. . Separately, Signet cut its … Read more