News

The Economy

U.S. Economy Surges Back to Pre-Virus Levels

GDP rose at an annual rate of 6.5% in Q2 but shortages of workers and supplies of crucial products could slow growth for the rest of the year.

Matthew Heller
July 29, 2021
IPOs

Robinhood Raises $2B Ahead of Market Debut

The IPO is "a major milestone for a company that revolutionized the way Americans invest and is enjoying explosive growth."
Cybersecurity

Data Breaches Cost Companies $4.24M Per Incident On Average

The new report also found that breaches cost over $1 million more on average when remote work was indicated as a factor in the event.
The Economy

IMF Says Price Pressures Could Be ‘More Persistent’

"Uncertainty remains high" and "central banks may need to take preemptive action," the Fund warns in its latest World Economic Outlook.
Financial Performance

Tesla Beats $1B, Posts Record Profit in Q2

Tesla was profitable without regulatory credits, which it sells to rival automakers, for the first time since the end of 2019.
M&A

Bill.Com Buys Invoice2go to Boost AR Offerings

The $625 million deal supports Bill.com's “strategy to invest in our platform to be a one-stop shop solution for businesses."
The Economy

ECB Keeps Interest Rates Unchanged in Eurozone

"The pandemic continues to cast a shadow, especially as the Delta variant constitutes a growing source of uncertainty."
The Economy

U.S. Factory Orders Climb 0.8% in June

Despite supply chain issues, "business investment is showing no signs of slowing down or a lack of confidence in continuing strength in consumer demand."
Regulation

Eagle Bancorp CFO Faces SEC Probe

The commission has notified Charles Levingston of possible charges but he will continue to serve as finance chief.
M&A

Uber Freight Bulks up With $2B Transplace Buy

"This is an opportunity to create an an industry-first shipper-to-carrier platform," the head of Uber's delivery business says.
Financial Reporting

Tandy Leather Fined for Faulty Inventory Tracking

The SEC says the limitations in Tandy's tracking system resulted in inaccurate information being included in its financial statements going back to 2016.
Regulation

Biden to Name Tech Critic as Top Antitrust Cop

Jonathan Kanter "has been a leading advocate and expert in the effort to promote strong and meaningful antitrust enforcement and competition policy.”
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