VC firms Parafi, 1Confirmation, Spartan Group, Nascent and Nima Capital also joined the Ethereum-based protocol’s equity round, said CEO Teddy Woodward.
-Textron Inc on Thursday raised its full-year profit forecast, propelled by a rebound in demand for its small and medium business jets as accelerated COVID-19 vaccinations encourage more people to fly.
It would be part of a strategy to borrow as much as $20 billion over the next five years to make up for an expected shortfall in revenue.More to ComeAsset and debt sales are likely to account for the lion’s share of future deals, according to Hasnain Malik, head of equity research at Tellimer, a London-based firm that provides analysis on emerging markets.“Securitizing future cash flows and issuing bonds, as well as private equity sales, appear a far less onerous method of raising finance from international investors than selling equity via an IPO,” said Malik, who’s covered Middle Eastern markets for more than 20 years.
China shipments fell to 14.9 million handsets in the quarter ended March from 30.1 million in the same period last year, according to research firm Canalys.
NEW YORK crude rose $1.15, or 1.8%, to end at $65.01.
The Dow and Nasdaq indexes fell on Wednesday as Amgen and Microsoft weighed, while investors focused on a Federal Reserve meeting for updates on monetary policy and waited for another batch of earnings from big technology firms. The U.S.
fell on concern from investors and analysts that the iPhone maker may not sustain growth in light of a blockbuster quarter and a tightening supply of chips for some of its devices.Shares of the Cupertino, California-based technology giant fell as much as 1% Thursday, erasing a 2.6% intraday gain, despite the company reporting higher than expected revenue and profit across its product segments.During a conference call Wednesday with analysts, Chief Executive Officer Tim Cook and Chief Financial Officer Luca Maestri said the company will see a negative $3 billion to $4 billion impact during the current quarter due to chip shortages hitting iPads and Macs, two product lines that gained popularity during the pandemic.
Investors have kept stocks pinned near all-time highs this week as they digest a slew of major earnings in addition to the Fed decision and moves by the administration.Stocks today appear to be headed for a rebound following the better-than-expected earnings results, with Apple climbing 3.1% and Facebook surging 7.1% in premarket trading.Facebook 1Q Impresses, Stock a ‘Top Large Cap Pick’: Street WrapApple reported fiscal second-quarter sales of $89.6 billion, some $12 billion more than analysts expected, and announced a $90 billion buyback, the second-biggest in history.