Goldman Sachs Group Inc has announced that it is considering the sale of Greensky, its fintech business that facilitates home improvement loans to consumers. The announcement comes as part of Goldman’s efforts to scale down its retail ambitions and shift its focus to other strategic priorities. Goldman had acquired Greensky in September 2021 in a…
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New rules deprive BMW, Hyundai, Nissan, Rivian, Volkswagen and Volvo cars of tax credit
The U.S. government has implemented electric vehicle tax rules slashing tax credits on some zero-emission models with effect from April 18, 2023. The new list published by the Treasury Department includes 16 U.S. manufactured models from Ford, General Motors, Tesla and Stellantis. Ten of the models on the new list will qualify for the full…
EasyJet expects strong profit despite French strikes and uncertain macroeconomic outlook
British airline easyJet announced on Tuesday that it expects its full-year profit to exceed market forecasts, encouraged by strong summer bookings and high demand over the Easter holiday period, despite the ongoing strikes by French air traffic controllers. Despite a challenging macroeconomic environment and high inflation rates, airlines in Europe have reported robust summer bookings,…
ZeroFox to acquire LookingGlass Cyber Solutions for $26 million
Enterprise software-as-a-service leader, ZeroFox, has announced a definitive agreement to acquire LookingGlass Cyber Solutions, Inc. for approximately $26 million. As cyber threats become increasingly sophisticated, the acquisition of LookingGlass will enable ZeroFox to integrate industry-leading attack surface and threat intelligence capabilities into its external cybersecurity platform, providing world-class visibility into external attack surface assets and…
Samsung may switch default search engine to Bing, causing panic at Google
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Xiaomi set to unveil 13 Ultra with powerful camera array next week
The smartphone market is one of the most competitive industries out there, and the race to be crowned the best Android phone this year is a tight contest. While classic favorites such as the Samsung Galaxy S23 Ultra and new rivals like the Google Pixel 7 Pro are fighting for the title, the impending release…
Apple launches high-yield savings account for Apple Card users
Apple has recently launched its new Apple Card savings account, which offers a competitive annual percentage yield (APY) of 4.15%, with no minimum deposit or balance required. The new savings account can be set up easily through the Wallet app on iPhones. According to a press release by Apple, all Daily Cash rewards earned through…
Intel and Arm sign agreement to enable low-power compute SoC designs
Intel Foundry Services (IFS) and Arm have joined forces to offer chip designers the ability to build low-power compute system-on-chips (SoCs) using Intel’s 18A process. The collaboration will focus on mobile SoC designs initially, but will also extend to automotive, IoT, data center, aerospace, and government applications. With this partnership, Arm customers can leverage Intel’s…
G7 nations form alliance to create shared nuclear fuel supply chains
Five countries including the UK, US, Canada, Japan and France have announced plans to create shared nuclear fuel supply chains at the G7 talks in Sapporo, Japan. The move is aimed at reducing Russia’s stronghold on the global nuclear energy market and cutting off a means for President Vladimir Putin to fund the invasion of…
Sega offers $776 million for Angry Birds maker Rovio Entertainment
Sega, the Japanese gaming giant, made a massive offer of 706 million euros ($776 million) to acquire Rovio Entertainment Oyj, the creator of the famous puzzle game Angry Birds, on Monday. The deal is intended to be for the entirety of Rovio’s outstanding shares and options, with the stocks valued at 9.25 euros per share…
Prague’s Mews acquires Montreal-based Hotello to expand in North America
Mews, a Prague-based leader in hospitality technology and cloud-based property management systems (PMS), has recently acquired Hotello, a Montreal-based cloud property management system (PMS) for hotel properties, in a deal that was led by Mews Ventures, the investment and venture arm of the company. While the financial terms of the acquisition have not been disclosed,…
Merck to acquire Prometheus Biosciences for $10.8bn to bolster immunology presence
Prometheus Biosciences Inc is set to be acquired by Merck & Co for approximately $10.8 billion, according to a joint statement released by the two companies on Sunday. The acquisition will enable Merck to strengthen its position in the field of immunology, with one of its subsidiaries paying $200 per share for the biotech firm…