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BP Co-Leads $111 Million Funding Round by Australian Green-Hydrogen Electrolyzer Company
SYDNEY—British oil giant BP PLC co-led a $111 million capital raise by an Australia-based technology company developing highly efficient electrolyzers to produce lower-cost green hydrogen.The Wall Street Journal - World -
The FDIC's Campaign Against Fintech Companies
With no authorization from Congress, the bank regulator tries to suppress these innovative firms.The Wall Street Journal - World -
Why Companies Are Nervous About the Consumer
On earnings calls, dozens of corporate executives have cited a slowdown in spending to explain why sales are slipping.The New York Times - Business -
Chinese competition a ‘defining challenge’ for EU companies
European businesses in China say profits hit by weak demand and increasingly sophisticated local rivalsFinancial Times - World - European Union -
Wood shows some companies may be better off private
An approach from a Dubai-based group should be welcome to long-suffering shareholders of the engineering companyFinancial Times - Business -
Florida's major power company prepares for this year's hurricanes by dealing with a fake one
Florida's largest power company is preparing for this year's hurricane season by pretending a major storm already hitABC News - Tech -
European companies in China are under pressure from slower growth, overcapacity
European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey.CNBC - Business - China -
Baidu executive leaves tech company after ‘I’m not your mum’ outburst
PR head at Chinese search group sparked backlash after posting social media videos demeaning staffFinancial Times - Business -
Binance Fined $4.4 Million in Canada
The nation's anti-money laundering agency penalized the crypto exchange, which was shut down in Canada last year.Inc. - Business - Canada -
Devs Reportedly Ask To Have Names Removed From Therapeutic Game After Leaving Company
Devolver co-founder Mike Wilson has publicly distanced himself from DeepWell DTx, a game publisher and developer he co-founded in 2022 to explore medically therapeutic games, Game Developer reports. In a recent LinkedIn post, Wilson says that he ...GameSpot - Tech -
Nvidia, Micron and Super Micro among companies that shine in Wall Street’s ‘beat-and-raise’ game
Investors should look at the numbers behind rising share prices.MarketWatch - Business -
How AI Expansion Helps Companies Like RunPod Find New Niches to Make Money
Much of the current wave of AI tech operates in the cloud, but not all cloud systems are equal. That's a problem RunPod is addressing and building a business around.Inc. - Business -
Warby Parker’s stock sees biggest gain in nearly two years company raises guidance, overshadowing a quarterly loss
Warby Parker Inc.’s stock was on track to open higher Thursday, after the maker of eyewear raised its full-year revenue guidance and offset a first-quarter loss.MarketWatch - Business -
Planet Fitness’ stock rallies after company unveils first price hike in 30 years
Planet Fitness Inc.’s stock reversed early losses to trade up 8% Thursday, as investors looked past a revenue shortfall and lowered guidance to focus on a price hike and other positives from the earnings call.MarketWatch - Business -
Masimo activist agrees to end proxy fight if company expands board, adds both nominees
Activist Politan responded to a settlement offer from Masimo, asking to expand Masimo's board to seven directors and add Politan's two nominees.CNBC - Business -
Cramer says to stick with good companies even when facing short-term losses
CNBC's Jim Cramer reviewed Nvidia, Apple, Amazon and Tesla through a long-term lens, saying they have "riveting stories and temperamental stocks."CNBC - Business -
European companies are less upbeat about China's vast market as its economy slows
An annual survey of more than 500 European companies has found that slowing growth in China is weighing on company plans to expand their businesses in the world’s second largest economyABC News - World - China -
Apollo-backed music company Concord Chorus said that its $1.51 billion offer for Hipgnosis Songs is final.
Apollo-backed music company Concord Chorus said that its $1.51 billion offer for Hipgnosis Songs is final.The Wall Street Journal - World -
Warner Bros. Discovery CEO David Zaslav said the company has the ability to match third-party offers for NBA packages.
Warner Bros. Discovery CEO David Zaslav said the company has the ability to match third-party offers for NBA packages.The Wall Street Journal - World - NBA -
Conservative groups are increasingly asking company shareholders to scrutinize LGBTQ-themed marketing and public relations campaigns.
Conservative groups are increasingly asking company shareholders to scrutinize LGBTQ-themed marketing and public relations campaigns.The Wall Street Journal - World -
Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions
Sam Altman, best known as the CEO of OpenAI, is also chairman of a nuclear power company called Oklo, which has just gone public through a SPAC.CNBC - Business -
Amid strong first-quarter earnings, companies are stepping up repurchases of their own shares, which is giving a resurgent stock market an extra boost.
Amid strong first-quarter earnings, companies are stepping up repurchases of their own shares, which is giving a resurgent stock market an extra boost.The Wall Street Journal - World -
Why are millions of people paying for Robinhood Gold?
A jump in paid subscriptions via Robinhood’s Gold program raises the question: are people willing to pay for ‘free’ trades.MarketWatch - Business -
UN seeks $430 million for drought-hit Zimbabwe, saying millions of people need food and water
The United Nations humanitarian agency on Thursday launched a $430 million appeal to avert a humanitarian disaster in drought-stricken ZimbabweABC News - World