Business

Amazon said on Monday it has expanded its food delivery service, called Amazon Food, across 62 zip codes in Bangalore, in what is the first public update since entering the new category in India last May. The American e-commerce group said Amazon Food now reaches key localities in Bangalore such…

After news broke yesterday that Coursera was planning to file its S-1 today, the edtech company officially dropped the document Friday evening. Coursera was last valued at $2.4 billion by the private markets, when it most recently raised a Series F round in October 2020 that was worth $130 million.…

Snowflake reported earnings this week, and the results look strong with revenue more than doubling year-over-year. However, while the company’s fourth quarter revenue rose 117% to $190.5 million, it apparently wasn’t good enough for investors, who have sent the company’s stock tumbling since it reported Wednesday after the bell. It…

At the close of trading yesterday, a total volume of 282.32mln units of shares of Mansard Insurance Plc valued at N282.42mln were traded.   This represents 48.04% of the total market volumes of 587.74mln while the value of MANSARD shares traded represents 2.07% of the total market value traded which was put at…

The rollercoster ride in bitcoin since the start of the year has not dampened wealth manager Jim Paulsen’s enthusiasm for the cryptocurrency. Yet Paulsen, chief investment officer for Leuthold Group, which manages $1 billion, cannot own bitcoin in client portfolios due to regulatory constraints. This has left him on the…

A late rally in Chinese shares on Friday helped pull Asian stocks off one-month lows as investors picked bargains while attention shifted to U.S. non-farm payrolls due later in the day. Earlier, equity investors were rattled by a sell-off in U.S. Treasuries which sent yields rising and hoisted the dollar…

The White House is closely tracking an emergency patch Microsoft Corp has released, U.S. national security adviser Jake Sullivan said on Thursday, after an unknown hacking group recently broke into organizations using a flaw in the company’s mail server software. “We are closely tracking Microsoft’s emergency patch for previously unknown…

Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic. Brent crude futures for May rose to…

Credit Suisse is unwinding its production network account finances which held the vast majority of their generally $10 billion in notes supported by ambushed Greensill Capital, it said on Friday. “The asset sheets have now chosen to end the assets. Credit Suisse Asset Management’s need is to guarantee harmony between…

U.S. job growth likely accelerated in February as more services businesses reopened amid falling new COVID-19 cases, quickening vaccination rates and additional pandemic relief money from the government, putting the labor market recovery back on firmer footing and on course for further gains in the months ahead. The Labor Department’s…