Editor’s Picks

Lightspeed India Secures $275M For New Fund

Lightspeed India Secures $275M For New Fund
Lightspeed India Secures $275M For New Fund
August 18, 2020  |  Investments

Indian venture capital firm Lightspeed India said on Tuesday (Aug. 18) that it has closed its Lightspeed India Partners III fund after securing $275 million...

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Ant Group Looks To Create Consumer Finance Platform
Ant Group Looks To Create Consumer Finance Platform
August 18, 2020  |  International

China’s Ant Group reportedly plans to create a new consumer finance company which would allow the firm to cement its base in the country’s online...

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Amazon To Hire 3,500, Expand Tech Hubs In 6 Cities
Amazon To Hire 3,500, Expand Tech Hubs In 6 Cities
August 18, 2020  |  Amazon

Amazon plans to expand its “tech hubs” in six cities and fill “3,500 new tech and corporate jobs” across the U.S., the company said Tuesday...

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Walmart Earnings Show Another eCommerce Blowout
Walmart Earnings Show Another eCommerce Blowout
August 18, 2020  |  Retail

Walmart rode another eCommerce blowout and strong performance in its grocery business to a second quarter that exceeded all expectations and showed its continued growth...

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Home Depot Declares Q2 Dividend Of $1.50 Per Share
Home Depot Declares Q2 Dividend Of $1.50 Per Share
August 18, 2020  |  Earnings

As the world sheltered in place to avoid the coronavirus, homeowners used the time to make improvements. Get the Full Story Complete the form to...

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Citibank Files Suit For $176M Payment Made By Mistake
Citibank Files Suit For $176M Payment Made By Mistake
August 18, 2020  |  Debt

Citigroup Inc. has asked a federal judge to order Brigade Capital Management LP to return $176 million accidentally paid to the New York-based global investment...

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Oracle Reportedly Aims To Outbid Microsoft For TikTok
Oracle Reportedly Aims To Outbid Microsoft For TikTok
August 18, 2020  |  Partnerships / Acquisitions

Microsoft Corp. is not the only company interested in buying TikTok’s U.S. operations. The Financial Times (FT) reports Oracle Corp., the Redwood City, Calif.-based computer...

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Q2 Mortgage Delinquency Rate Highest In 9 Years
Q2 Mortgage Delinquency Rate Highest In 9 Years
August 17, 2020  |  Loans

Mortgage loans saw delinquency rates spiking in the second quarter of the year as the pandemic continued, according to a press release from the Mortgage...

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SoftBank Reveals Stakes In Amazon, Alphabet, Netflix And Tesla
SoftBank Reveals Stakes In Amazon, Alphabet, Netflix And Tesla
August 17, 2020  |  Investments

SoftBank has built a stake worth around $1.2 billion in Amazon, according to regulatory filings as reported by Reuters. Get the Full Story Complete the...

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