Category: Business

Business

04
May
2024

Uber rival Bolt secures €220 million in preparation for IPO

Mobility in Estonia to start Bolt plans to go public next year and has secured a 220 million euro credit facility. This type of loan is a more flexible financing option, allowing businesses to continually withdraw and repay funds as needed. It’s like a corporate credit card. CEO and founder Marcus Villig said the credit

04
May
2024

Luminar cuts headcount by 20%, outsources lidar production

LiDAR company Luminar is cutting its workforce by 20% and will increase its reliance on contract manufacturing partners as part of a restructuring to scale production and move to a more “asset-light” business model. The layoffs will affect approximately 140 employees and will begin immediately. Luminar will also cut ties with the “vast majority” of

04
May
2024

Why gig workers need business insurance (and how much)

We may earn a commission from the links on this page. Credit: GaudiLab / Shutterstock.com as gig worker, you are essentially a self-employed person who provides your services on a freelance or contract basis. The gig economy offers great flexibility, but it also means you don’t have the same protections as traditional employees. That’s why

04
May
2024

Peapack Private hires Jerry Dominguez as Managing Director

Bedminster, NJ, May 4, 2024 – (NewMediaWire) -Peapack Private, a division of Peapack Gladstone Financial Corporation (Nasdaq Global Select Market: PGC) and Peapack Gladstone Bank, has announced that Jerry Dominguez will join Peapack Private in New York. I am proud to announce that I have joined as Managing Director. Jerry is responsible for providing customized

04
May
2024

US ISM service PMI drops to 49.4 in April compared to expected 52.0

US ISM Services PMI fell into contraction territory below 50 in April. The US dollar index remains in negative territory, below 105.00. ISM services reduce US service sector activity in April PMI Edge dropped from 51.4 to 49.4. March. This figure was lower than the market expectation of 52.0. Other details in the report showed

04
May
2024

Most investors think they are a boring company. However, these two businesses are unstoppable and will reach new highs in 2024.

Since I’m a contributor to folk.com, friends and family often do me a favor and give me hot chips. They say: “Have you heard about? [the latest headline-grabbing thing]? You’d better find out because it’s going to be a big deal. ” Many investors are trying to find the next big thing with their investments

04
May
2024

“From 1993 to 2004, these amps accounted for more than half of our business”: How the Mesa-Boogie Dual Rectifier defined the high-gain guitar sound of the 1990s

No product played a bigger role in defining the ’90s rock sound than the Mesa-Boogie Dual Rectifier. guitar amplifier. The great irony of this is that the Dual His Rectifier was originally conceived to meet the demands of metal and hard rock guitarists in the late ’80s when the high gain He amp wars were

04
May
2024

The case for utility-scale storage in the Middle East

in a recent chat PV magazineYasser Zaidan, JinkoSolar’s senior sales manager for the Middle East, explained the trajectory of the large-scale storage business in key markets in the Middle East. May 3, 2024 Emiliano Bellini According to Yasser Zaidan, senior sales manager for the Middle East at JinkoSolar, Saudi Arabia’s large-scale energy storage market is

04
May
2024

DraftKings Impresses Q1 2024 Financial Report, Raises Guidance

DraftKings Co., Ltd. announced its financial results. First quarter of 2024Post solid revenue growth and, optimistic outlook For the rest of this year. The company also shared an update on its business performance and strategic outlook. make it more uppercase About the spread of regulated sports betting and iGaming across the United States. Customer engagement

04
May
2024

TikTok tells nervous advertisers: ‘We’re not leaving’

Photo by John Tyson As time ticks down for TikTok in the U.S., the company’s president of global business solutions tells concerned advertising executives that it will fight tooth and nail against a potential ban. Don’t back down.” TIkTok’s NewFronts presentation to ad buyers began with a reference to the elephant in the room: a