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...Last week, Volvo Cars said it would sell its 48 per cent stake in Polestar to Geely, and would not inject any more funding into the brand. Polestar is seeking about $1.3bn of fresh funding....
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...: How a Microsoft Excel error saw the Norwegian sovereign wealth fund lose $92mn....
...That would significantly boost the odds that the Senate passes the measure, since many senators will be reluctant to scupper military funding for Ukraine. President Joe Biden has backed the plan....
...The bill was packaged together with funding for Ukraine and Israel and sent to the US Senate, which is expected to pass the measure this week before it is signed by President Joe Biden....
...Overall, we remain excited by the opportunity to expand our house of powerful brands, increasing our position in growing and durable categories, with enhanced cash flow to invest in brand building while funding...
...After funding ByteDance’s seed round, Yass’s group put in “hundreds of millions” more in subsequent funding rounds, according to court records in the US....
US venture capitalists are sitting on a record amount of ‘dry powder’ as they avoid risky bets on fledgling companies
...This capital markets primacy, he argues, would create the best opportunity for two ambitious projects, retirement funding and decarbonisation, to be successfully fulfilled....
...In the meantime, the Eni deal would at least be a way of funding some growth back home. nathalie.thomas@ft.com This story has been updated to correct the valuation of Vår Energi relative to Eni....
...Higher funding costs can be offset by stronger loan growth. But high rates can also stymie demand for loans....
...“He was an amazing Excel guy . . . Everyone in the bullpen used his templates,” said a former colleague. “Whenever people left they’d try to get Hank’s folder to take wherever they were going.”...
...Apple has cancelled its efforts to build an electric car as it pivots to focus research funding on generative artificial intelligence, according to a person familiar with the matter....
...But the best companies are still attracting funding,” he said....
...It is a 196 per cent jump since the last funding round, compared with a paltry 9 per cent increase in Microsoft’s share price over the same period....
...Shah also wants Novavax to strike royalties partnerships to access outside funding to restart clinical studies into other vaccines targeting influenza, respiratory syncytial virus and H5N1 bird flu....
...Chief among the obstacles are funding costs and exposure to the troubled commercial real estate sector....
...That is reminding global investors of the unique selling point that a robust regime of investor protections provides; creating a smoother funding journey for high-growth companies; and working to increase...
...Bigger US prizes down the line include Nvidia-backed software group Databricks, valued at $43bn in a funding round last year and payments group Stripe, worth about $50bn....
...Until recently, there had been just one attempt at it: the Fed’s ill-fated 2017-19 QT push, which ended when the repo crisis shook funding markets....
...Following an internship at Apple, she began a 12-year stint at Microsoft, where she worked on products such as Excel and Office....
...Its relatively higher funding costs could explain as much as half of the gap between last year’s core ROTE and those of its closest peers, thinks Autonomous Research....
...If the ratio is less than one, then the bank is providing more funding for fossil-fuel companies than for renewable energy businesses....
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