Delta Air Lines decreases capacity by 40%
Businesses across the spectrum are striving to face the challenges that the current coronavirus disruption presents. Few areas are directly affected as the airlines, which has resulted in an instant and severe decline in demand. The Current Situation As Delta CEO Ed Bastian wrote in...
Stocks head as President Trump announces national emergency
President Donald Trump’s national emergency announcement, which occurred only a half-hour before the market shut, drove stocks higher Friday, giving at least momentary relaxation to shares that have been stifled this week on worries of the COVID-19 pandemic. The President Speaks Trump mentioned some measures...
India’s Yes Bank disruption obstructs Walmart’s PhonePe amongst a dozen additional services
Hundreds of millions of traders and users in India are striving to do online transactions and utilise many popular services after the nation’s central Bank took charge of Yes Bank, the fourth-largest Bank in the country. The crisis takeover of the individual sector bank has...
PC shipments anticipated to fall this year due to the coronavirus outburst
The coronavirus disruption could lead to at least a 3.3% fall — and as big as a 9% drop — in the number of PCs that will dispatch globally this year, investigation firm Canalys published Thursday evening in its updated predictions to clients. The Impact...
DigitalOcean raises $100M in debt as it mounts toward income of $300M, profitability
DigitalOcean is a cloud infrastructure provider aiming for tinier business and fresher companies. It declared recently that it had obtained $100 million in current debt from a collection of investors, making its 2016-era debt hike to a sum of about $300 million. The company’s almost...
Volocopter elongates Series C funding to $94M with support from logistics giant DB Schenker and others
Self-governing air mobility business Volocopter has attached to the Series C funding round it declared in September 2019. Details About The Investment The German electrical vertical take-off and landing (eVTOL) aircraft producer published €50 million ($54 million at today’s market rate) in funding at the...
Nvidia’s Q4 financials resemble brighter skies with steady quarterly income growth
Superior artificial intelligence and graphics chipmaker Nvidia announced its 2020 Q4 financials recently. Specifics About The Investment The company published earnings of $3.11 billion for the quarter, a leap of 41% from the year-ago quarter and a little boost from the third quarter. Yet, more...
Los Angeles-situated ‘deep tech’ finance firm Riot ventures is proposing a $75M fund
Riot Ventures is a Los Angeles-situated, early-stage and broad technology finance firm. Funding Specifications It is spreading out to the market to establish a $75 million secondary fund to fund the growth of firms in LA and beyond. The firm has mostly operated below the...
As its fundraising delays, SoftBank’s second Vision Fund can be near-sighted
SoftBank is the technology conglomerate that changed the investment capital industry and made ripples in the technology world with its $100 billion Vision Fund. However, it may not be ready to repeat the performance or support its innovative approach to tech investing, The Wall Street...
Engaging as a traffic cop for drones in towns and cities nets Airspace Link at $4 million
As the amount of drones increases in towns and cities across America, government offices are struggling to find ways to handle the oncoming traffic that’s assumed to clog up their airspace. Why Airspace Is Tough Competition Companies such as Airmap and KittyHawk have proposed tens...
