GrubHub/Blue Apron owner Wonder is reportedly arranging hundreds of millions of dollars in new funding. That’s according to a Wednesday (July 8) report from The Information, which said the round—potentially Wonder’s last before going public—could value the company at $9 billion. Wonder has arranged to give investors extra shares if its stock price in an…
The S&P 500 Index ($SPX) (SPY) today is up +0.48%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.27%. September E-mini S&P futures (ESU26) are up +0.49%, and September E-mini Nasdaq futures (NQU26) are up +1.26%. Stock indexes are climbing today, led by chipmakers, after South Korea’s SK…
Sebi has cancelled the registration certificates of 12 research analysts after they failed to pay renewal fees required to keep their registrations active. The order, issued on July 9, said every registered research analyst is required to pay renewal fees every five years from the date of registration. The regulator said the 12 entities and…
With strikes on both sides seeming to shatter the U.S.-Iran ceasefire, mortgage rates have been moving higher. Rates had started the week looking a little softer, but that took a turn as tensions flared overseas. The deterioration of the U.S.-Iran ceasefire promptly sent oil prices and 10-year Treasury yields higher, and mortgage rates were right…
A founder I know spent $31,000 before a single real user touched his product. Not on the core workflow. On extras. A Slack integration nobody asked for. An admin dashboard built for a 10-person team when he had zero customers. A mobile app for a SaaS tool that his target users would always open from…
Turkey’s Erdogan gives NATO leaders revolver conundrum after summit
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Groww has said direct mutual funds will remain central to its platform and will continue to be free for do-it-yourself investors, responding to confusion around its mutual fund offering after Zerodha founder Nithin Kamath’s recent post on direct plans. The company said direct mutual funds are “the heart of Groww” and that its existing mutual…
The most common question organizations are asking right now is some version of this: How do we make our AI-generated content sound less like AI? Organizations are investing in voice training, custom style guides, and elaborate prompting systems to make AI-generated content sound more human, more like the firm, and more like the people behind…
Bonds are starting the day just a hair stronger versus yesterday’s close and there are three ways to look at it. At the most basic level, the move is so small that it doesn’t deserve any explanation (i.e. we’re close enough to unchanged to say “nothing new is happening”). But given the recent resurgence of…