Finance - Encircle News!

author_name|Will Shanklin, Finance, Information Technology, Investment & Company Information, language|en-US, Mergers, Acquisitions & Takeovers, provider_name|Engadget, region|US, site|engadget, software, Tech Industry, Tech News, Technology & Electronics

The UK will ramp up its investigation into Adobe’s $20 billion Figma acquisition

June 30, 2023

Will Shanklin

The UK’s Competition and Markets Authority (CMA) plans to perform an in-depth probe into Adobe’s acquisition of Figma, the agency announced today (viaThe Wall Street Journal). Citing concerns about “a substantial lessening of competition” for screen de…
Read more: The UK will ramp up its investigation into Adobe’s $20 billion Figma acquisition
Business, Business News, Finance, Goldman Sachs, International, streaming, Tech Industry, Tech News

Music Industry On ‘Cusp’ of Sweeping Changes as Revenue Growth Slows, Says Goldman Sachs

June 28, 2023

Elizabeth Dilts Marshall

The closely watched Music In The Air report says there’s been a 20%-decline in revenue earned per audio stream in the last five years.
Read more: Music Industry On ‘Cusp’ of Sweeping Changes as Revenue Growth Slows, Says Goldman Sachs
Business, Business News, ETF, Finance, MUSQ, stock market, stocks, Tech Industry, Tech News

Meet MUSQ, the Latest Music Fund to Tap Into ETF Craze

June 28, 2023

Glenn Peoples

The 48-company ETF includes major labels, music streaming platforms, concert promoters and instrument and tech manufacturers.
Read more: Meet MUSQ, the Latest Music Fund to Tap Into ETF Craze
author_name|Lawrence Bonk, Finance, language|en-US, provider_name|Engadget, region|US, site|engadget, software, Tech Industry, Tech News

SoftBank gave $170m to a social app whose users mostly didn’t exist

June 27, 2023

Lawrence Bonk

Back in 2021, Japanese investment giant SoftBank led a little-known social media app called IRL to unicorn status and an overall valuation of $1.17 billion by investing over $170 million. Well, it turned out that the app completely made up its user num…
Read more: SoftBank gave $170m to a social app whose users mostly didn’t exist
Finance, Fintech, payments, Tech Industry, TechCrunch Disrupt 2023

Announcing the Fintech Stage agenda at TechCrunch Disrupt

June 27, 2023

Romain Dillet

Building a fintech startup isn’t an easy task, as you have to deal with complex regulation and make sure that your service is extremely reliable because you’re handling money. That’s why we created the brand-new Fintech Stage at TechCrunch Disrupt and invited some of the brightest minds in fintech to learn how they pulled it…
Read more: Announcing the Fintech Stage agenda at TechCrunch Disrupt
author_name|Sarah Fielding, Company Legal & Law Matters, Finance, Investment & Company Information, language|en-US, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Lordstown Motors sues Foxconn and declares bankruptcy

June 27, 2023

Sarah Fielding

Lordstown Motors is having an eventful day, to say the least. The Ohio-based EV startup has filed for Chapter 11 bankruptcy protection in hopes of finding a buyer and is suing its investment partner, Foxconn Technology, for breach of contract and fraud. In its suit, Lordstown claims Foxconn’s actions “had the intended effect of destroying…
Read more: Lordstown Motors sues Foxconn and declares bankruptcy
Anghami, Billboard Global Music Index, Business, Business News, CUMULUS MEDIA, Deezer, Finance, HYBE, JYP Entertainment, LiveOne, MSG Entertainment, Music Stocks, SM Entertainment, Sphere Entertainment Co., Tech Industry, Tech News, yg entertainment

Cumulus Media a Rare Winner in Off Week for Music Stocks

June 23, 2023

Glenn Peoples

The Billboard Global Music Index dropped 3.5% with 16 of its 21 stocks in negative territory.
Read more: Cumulus Media a Rare Winner in Off Week for Music Stocks
author_name|Sarah Fielding, Automotive Industry, Finance, language|en-US, Loans, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories

June 23, 2023

Sarah Fielding

The United States government has reaffirmed its commitment to move EV production to its shores instead of relying on foreign entities. The US Department of Energy’s Loan Program Office (LPO) has announced a conditional $9.2 billion loan for BlueOval SK (BOSK) — owned by Ford and South Korean battery producer SK On — to build…
Read more: Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories
author_name|Sarah Fielding, Automotive Industry, Finance, language|en-US, Loans, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories

June 23, 2023

Sarah Fielding

The United States government has reaffirmed its commitment to move EV production to its shores instead of relying on foreign entities. The US Department of Energy’s Loan Program Office (LPO) has announced a conditional $9.2 billion loan for BlueOval SK (BOSK) — owned by Ford and South Korean battery producer SK On — to build…
Read more: Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories
author_name|Sarah Fielding, Automotive Industry, Finance, language|en-US, Loans, provider_name|Engadget, region|US, site|engadget, Tech Industry, Tech News

Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories

June 23, 2023

Sarah Fielding

The United States government has reaffirmed its commitment to move EV production to its shores instead of relying on foreign entities. The US Department of Energy’s Loan Program Office (LPO) has announced a conditional $9.2 billion loan for BlueOval SK (BOSK) — owned by Ford and South Korean battery producer SK On — to build…
Read more: Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories

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Encircle News!

Category: Finance

The UK will ramp up its investigation into Adobe’s $20 billion Figma acquisition

Music Industry On ‘Cusp’ of Sweeping Changes as Revenue Growth Slows, Says Goldman Sachs

Meet MUSQ, the Latest Music Fund to Tap Into ETF Craze

SoftBank gave $170m to a social app whose users mostly didn’t exist

Announcing the Fintech Stage agenda at TechCrunch Disrupt

Lordstown Motors sues Foxconn and declares bankruptcy

Cumulus Media a Rare Winner in Off Week for Music Stocks

Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories

Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories

Ford secures $9.2 billion loan from US Department of Energy to build EV battery factories

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