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Google Previews Foldable Phone and Promises Details on May 10
Google Previews Foldable Phone and Promises Details on May 10
May 04, 2023  |  Google

Google has released a preview of its first foldable phone and says more news is to come on May 10. The tech giant announced on...

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Carvana Expects Return to Profitability in Q2 After Cutting Costs
Carvana Expects Return to Profitability in Q2 After Cutting Costs
May 04, 2023  |  Retail

Carvana expects to return to profitability in this quarter after cutting costs. The used car retailer expects to achieve positive adjusted earnings before interest, taxes,...

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White House Says Companies Must Ensure AI Systems Are Safe
White House Says Companies Must Ensure AI Systems Are Safe
May 04, 2023  |  artificial intelligence

White House officials met with leaders in the artificial intelligence (AI) field after announcing actions on AI. Vice President Kamala Harris and senior White House...

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Crypto Firms Are Reportedly Banking Through Intermediaries
Crypto Firms Are Reportedly Banking Through Intermediaries
May 04, 2023  |  Cryptocurrency

Some cryptocurrency firms are reportedly doing their banking through intermediaries. With a growing number of banks becoming hesitant to work with crypto clients, there is...

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MoneyGram Receives Final Regulatory Approval for Previously Announced Sale
MoneyGram Receives Final Regulatory Approval for Previously Announced Sale
May 04, 2023  |  Acquisitions

MoneyGram has received the final regulatory approval needed for its sale to Madison Dearborn Partners. Having received approval from the Reserve Bank of India, the...

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Shopify Cuts 20% of Staff After Sale of Logistics Unit
Shopify Cuts 20% of Staff After Sale of Logistics Unit
May 04, 2023  |  Personnel

Shopify is letting go more than 2,000 workers amid a renewed focus on eCommerce. The company announced Thursday (May 4) that it was reducing the size of...

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HV Capital Closes $782 Million Fund for ‘Technology Disruptors’
HV Capital Closes $782 Million Fund for ‘Technology Disruptors’
May 04, 2023  |  Investments

Germany’s HV Capital says it has closed a €710 million ($782 million) fund targeting “high-growth” firms. The new fund — the venture capital (VC) investment...

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SVB’s Former Owner May Have to Wait to Claim $2 Billion
SVB’s Former Owner May Have to Wait to Claim $2 Billion
May 04, 2023  |  Regulation

SVB Financial wants to collect $2 billion it is owed. The FDIC says: Wait your turn. The company, which owned the failed Silicon Valley Bank, hopes...

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Microsoft Reportedly Working to Head Off EU Antitrust Investigation
Microsoft Reportedly Working to Head Off EU Antitrust Investigation
May 04, 2023  |  ANTITRUST

Microsoft has reportedly told European Union officials that it’s willing to charge for Teams. The offer is meant to address the concerns of the EU’s...

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