For this morning’s edition of The Exchange, Alex Wilhelm studied information recently released by mobile gaming studio Jam City as it prepares to go public in a $1.2 billion blank-check deal with DPCM Capital. “Jam City is a bit like Zynga, but unless you are a mobile-gaming aficionado, you might not have heard of it,”…
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Welcome to Daily Crunch for May 21, 2021. Closing out the week, bitcoin dropped sharply today on (more?) news from China about possible restrictions on cryptocurrencies more broadly. Depending on your priors,…
© Reuters. FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid By Krystal Hu and Medha Singh (Reuters) – Wall Street ended mixed on Friday, with inflation concerns looming at the end of a volatile week of trading. The…
Chinese robotaxi startup Pony.ai has been given permission by California regulators to pilot its autonomous vehicles without a human safety driver behind the wheel in three cities. While dozens of companies — 55 in all — have active permits to test autonomous vehicles with a safety driver, it’s far less common to receive permission for…
The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets.Stopping fossil fuel funding is seen as a major step the world can make to…
U.S. money market funds lured massive inflows in the week ended May 19 as investors turned risk averse on concerns over higher inflation levels and chances that the Federal Reserve might scale back its monetary support measures.Refinitiv Lipper showed U.S. money market funds received a net inflow of $25.34 billion, a four-fold increase over the…
U.S. money market funds lured massive inflows in the week ended May 19 as investors turned risk averse on concerns over higher inflation levels and chances that the Federal Reserve might scale back its monetary support measures.Refinitiv Lipper showed U.S. money market funds received a net inflow of $25.34 billion, a four-fold increase over the…
Canadian Pacific Railway (CP.TO) said on Friday it was willing to re-engage with Kansas City Southern (KSU.N), without raising its offer for the U.S. railroad operator, hoping that rival Canadian National Railway’s (CNR.TO) bid would be shot down by a U.S. tr…
U.S. factory activity gathered speed in early May amid strong domestic demand, but backlogs of uncompleted work are piling up as manufacturers struggle to find raw materials and labor, boosting costs for both businesses and consumers.Data firm IHS Markit said on Friday its flash U.S. manufacturing PMI increased to 61.5 in the first half of…
The Bank of England set out plans on Friday to use its 20 billion pounds ($28.4 billion) of corporate bond holdings to nudge companies to cut greenhouse gas emissions faster, part of a wider government strategy to achieve net-zero emissions.
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