Author: News Room

Over $731 million was invested in crypto startups in March, as venture capital (VC) money started flowing back to crypto startups driven by positive news and the recent price leaps. Brian D. Evans, CEO and founder of VC fund BDE Ventures, believes that the ‘manias’ of bull runs cause some VCs to “throw money around without doing much due diligence.” Evans explains that this same movement happened in the last bull run, which occurred between 2020 and 2021, and the one before it. However, during bear markets, the VC’s playbook is the polar opposite. “VCs, that is, don’t feel much…

Lululemon on Thursday reported holiday earnings that topped expectations, but the athletic apparel retailer’s guidance came in below estimates as its growth in North America stagnates.Here’s how company did in its fourth fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $5.29 vs. $5.00 expectedRevenue: $3.21 billion vs. $3.19 billion expectedThe company’s reported net income for the three-month period that ended Jan. 28 was $669.5 million, or $5.29 per share, compared with $119.8 million, or 94 cents per share, a year earlier. Sales rose to $3.21 billion,…

Nike on Thursday reported holiday sales that beat estimates, helped by better than expected growth in North America.Here’s how the company performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: 77 cents vs. 74 cents expectedRevenue: $12.43 billion vs. $12.28 billion expectedThe company’s reported net income for the three-month period that ended Feb. 29 was $1.17 billion, or 77 cents per share, compared with $1.24 billion, or 79 cents per share, a year earlier. Excluding 21 cents per share related to restructuring charges, earnings per share would have…

Mexico is warning a federal US court that if its judges permit a controversial Texas immigration law to take effect, the two nations would experience “substantial tension” that would have far-reaching consequences for US-Mexico relations. In a friend-of-the-court brief filed Thursday with the 5th US Circuit Court of Appeals, lawyers for Mexico said relations with the US would be strained. “Enforcement of SB 4 would inappropriately burden the uniform and predictable sovereign-to-sovereign relations between Mexico and the United States, by criminalizing the unauthorized entry of noncitizens into Texas from outside the county and creating diverging removal requirements between and among individual…

This week, international soccer resumes with Palestine playing Bangladesh in the 2026 World Cup qualifiers and Israel hosting Iceland in a crunch Euro 2024 playoff in Hungary. Palestine stages the first leg of its tie in Kuwait. Neither team then is playing at home, their nomadic fate in part a consequence of the war in Gaza. In the next few days, Israel will have the opportunity to qualify for the European Championship for the first time. However, Iceland manager Age Hareide said that – at a personal level – he would prefer to not play Israel. Last week, the Palestinian…

Apple is facing a federal antitrust lawsuit.In legal documents, the DOJ cites internal Apple emails as evidence of anti-competitive tactics.Read the four emails sent by Steve Jobs, Tim Cook, and other Apple execs that were referenced. The US Department of Justice is suing Apple, accusing it of using anti-competitive practices to dominate the smartphone market.In court documents, prosecutors cited some internal Apple emails to back some of their allegations.The DOJ and 16 attorney generals allege the iPhone maker — one of the biggest tech companies in the world — has illegally maintained a smartphone monopoly by “delaying, degrading, or outright blocking”…

Trump’s finances hinge on a merger of Trump Media & Technology and Digital World Acquisition. The $3.4 billion could help pay Trump’s $454 million fraud penalty. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in.

By Patricia Zengerle WASHINGTON (Reuters) – Foreign policy provisions in the $1.2 trillion spending plan unveiled by U.S. congressional leaders on Thursday included billions of dollars in military spending, concessions to Israel and a long-awaited extension of PEPFAR, a life-saving program to fight AIDS. As Reuters reported on Tuesday, the State Department appropriations bill continues a ban on U.S. funding for UNRWA, the main U.N. agency for Palestinians, for at least a year. It also eliminates funding for the UN Commission of Inquiry against Israel and fully funds the annual U.S. security commitment of $3.3 billion for Israel. President Joe…

Investing.com – U.S. stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in NYSE, the gained 0.68% to hit a new all time high, while the index added 0.32%, and the index climbed 0.20%. The best performers of the session on the were Goldman Sachs Group Inc (NYSE:), which rose 4.32% or 17.13 points to trade at 413.60 at the close. Meanwhile, Home Depot Inc (NYSE:) added 2.81% or 10.80 points to end at 395.21 and Caterpillar Inc (NYSE:) was up 2.28% or 8.12 points to 364.57 in…

By P.J. Huffstutter CHICAGO (Reuters) – As Iowa heads toward its fourth year of drought, grain farmers prepping for planting next month are facing mandatory water restrictions and livestock producers are searching for supplies. The nation’s top corn-producing state is seeing one of its driest periods going into a growing season, according to Thursday’s update from U.S. Drought Monitor. Such dry conditions will allow farmers to plant quickly this season, a bearish move for grain futures that have already been trending downward this year. The U.S. last year harvested a record corn crop despite drought conditions in some areas, and…