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Mikael Sjoberg | Bloomberg | Getty Images Swedish-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish krona ($1.87 billion) as its operating profit fell sharply in the first three months of the year. Volvo Cars, which is owned by China’s Geely Holding, reported first-quarter operating profit of 1.9 billion krona, down … Read more
Bitcoin exchange-traded funds (ETFs) pulled in their largest inflows since December last week as the original cryptocurrency continues to move higher on news that President Donald Trump’s tariff negotiations are coming closer to a resolution. Bitcoin, cumulatively raked in more than $3 billion last week, according to data from Ethereum is up 11% in the … Read more
MercadoLibre Inc., Latin America’s most valuable company, is asking shareholders to approve a plan to move its domicile to Texas from Delaware amid a wave of firms reconsidering the long-standing corporate haven after a public spat between a judge and Elon Musk. The planned “redomestication” is among items MercadoLibre shareholders are scheduled to vote on … Read more
International Business Machines Corp. plans to invest $150 billion in the U.S. over the next five years, joining a cohort of companies that have announced spending commitments following President Donald Trump’s election and tariff threats. The planned investment includes more than $30 billion for research and development of IBM’s mainframes and quantum computers, the company … Read more
In a move that has sent shockwaves through the travel technology sector, Sabre Corp., a leading provider of software and services for the global travel industry, announced today that it will sell its hospitality software platform to asset manager TPG for $1.1 billion. As a result of this deal, shares in Sabre have jumped 19.41% … Read more
Arvind Krishna, chief executive officer of International Business Machines Corp. (IBM), during a Bloomberg Television interview at the World Governments Summit in Dubai, United Arab Emirates, on Tuesday, Feb. 11, 2025. Christopher Pike | Bloomberg | Getty Images IBM on Monday announced it will invest $150 billion in the U.S. over the next five years, … Read more
Bitcoin price rallied above $95,000 on Monday and is hovering at its highest level since February 24 as the recent rally continued. The ongoing Bitcoin (BTC) recovery has been driven by recent optimism surrounding a potential trade deal between the United States and China. Bitcoin and other altcoins also jumped after Trump hinted that he … Read more
Key Takeaways Strategy acquired 15,355 Bitcoin for $1.4 billion, increasing its holdings to 553,555 BTC. The acquisition was funded by selling shares. Share this article Strategy, the largest corporate holder of Bitcoin, announced on Monday that it had acquired an additional 15,355 Bitcoin for approximately $1.4 billion. The purchases, made between April 21 and April … Read more
As Insight Partners celebrates its 30th anniversary, you’d be hard-pressed to find a more influential venture firm that calls New York its home. Union Square Ventures created the blueprint for early-stage venture out of NYC, Tiger Global may earn the claim of infamy due to its 2021 spending spree, and Thrive Capital is quickly becoming … Read more
In early April, Insight Partners’ cofounder and managing director Jeff Horing took the stage at his firm’s sourcing summit, a one-day annual event where Insight gathers its early-career analysts to train them on the firm’s secret formula for success. Horing is one of the more elusive figures in venture capital, keeping a low profile even … Read more
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