Topline Bitcoin suffered its biggest drop in three months on Tuesday, falling nearly 10% in the wake of a worse-than-expected August inflation report, as investors fear the Federal Reserve will raise interest rates for a third time this year, potentially sparking a so-called crypto winter. Key Facts Bitcoin continued a months-long fall Tuesday afternoon, dropping […]
An awful day for the stock market turned into a terrible one for shares of Syneos Health (SYNH), which fell 13.7%. This slide was driven by an operational update provided during an investor presentation at the Baird Global Healthcare Conference earlier today. Specifically, while the company’s large pharmaceutical relationships remain very strong, SYNH is experiencing […]
As Wall Street shares were ending sharply lower on Tuesday, Chika Uwazie found herself ringing the New York Stock Exchange’s closing bell in an upbeat mood. “How many times do you see Black people ringing the bell, specifically Africans,” asked the cofounder of Afropolitan, a company looking to create a digital country for the continent’s […]
City Developments Ltd. (CDL)—controlled by billionaire Kwek Leng Beng—has submitted the highest bid for a residential site in the western Singapore town of Bukit Batok as the real estate giant replenishes its landbank amid continuing robust demand for properties in the city despite soaring interest rates and slowing economic growth. The company’s wholly owned subsidiary […]
On Wednesday, venture capital investment firm Prime Movers Lab announced that it has raised a $500 million fund to expand its investments in growth-stage startups. The fund will be focused on growth rounds for companies in its existing portfolio as well as new investments. “One of the big motivators was we have both tons of […]