Mondee Inc., the high-growth travel technology company and marketplace with a portfolio of globally recognized platforms and brands in the leisure and corporate travel sectors, on Friday announced financial results for the first quarter ended March 31, 2022. Mondee agreed to go public via a special purpose acquisition company merger with ITHAX Acquisition Corp. Mondee looks to…
Mondee Registers 179 Percent Revenue Growth in Q1 Aided by Post-Pandemic Travel Recovery; Upsizes PIPE Commitment by $20 Million
If You Bought $1,000 in Apple Stock When the iPod Was Released, Here’s How Much You’d Have Now
Apple Inc. will discontinue making the iPod, a music player that was first launched in 2001. Here’s a look at how the stock has performed since the music player was launched. What Happened Apple released the iPod in 2001 as one of its first personal electronics products. The first iPod was released on Oct. 23, 2001. Later…
Wall Street Ends Mixed After Punishing Week
Wall Street ended mixed on Friday after a volatile session that saw Tesla slump and other growth stocks also lose ground. The S&P 500 and the Nasdaq logged their seventh straight week of losses, their longest losing streak since the end of the dotcom bubble in 2001. The Dow suffered its eighth consecutive weekly decline,…
Google ‘Private Browsing’ Mode Not Really Private, Texas Lawsuit Says
WASHINGTON—The Google search engine collects data on users who think they can be anonymous if they use a “private browsing” mode, Texas Attorney General Ken Paxton claimed on Thursday, filing an amended privacy lawsuit against the Alphabet Inc unit. Texas, Indiana, Washington state, and the District of Columbia filed separate suits against Google in January…
Hyundai Motor Group to Invest $5.5 Billion to Build EV, Battery Facilities in US
WASHINGTON/SEOUL—South Korea’s Hyundai Motor Group said on Friday it plans to invest about $5.54 billion to build its first dedicated full electric vehicle (EV) and battery manufacturing facilities in the United States. Hyundai will break ground on its new facility in Georgia in early 2023 and is expected to begin commercial production in the first…
7 Analysts on Palo Alto Networks Earnings: Upbeat Results Despite ‘Continued Tough Supply Environment’
Palo Alto Networks Inc. on Thursday reported revenues and earnings for its fiscal third-quarter ahead of expectations. BofA Securities on Palo Alto Networks Analyst Tal Liani reiterated a Buy rating and a price target of $650. “Palo Alto Networks continues to draw strength from its new offerings with NGS ARR growing 65 percent YoY, a…
Lagarde Calls for Crypto Crackdown, Says They’re ‘Based on Nothing’
May 21, 2022
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European Central Bank President Christine Lagarde has taken aim at cryptocurrencies, arguing in an interview on Dutch television that they’re essentially “worth nothing” as they lack underlying assets “as an anchor to safety” while calling for them to be regulated. Lagarde made the remarks in an interview on the Dutch television program “College Tour,” due…
Hundreds of UK Grocery Items More Than 20 Percent Pricier Over Last Two Years: Study
Consumers have seen the price of hundreds of popular grocery items rise by more than 20 percent over the last two years alongside a drop in supermarket discounts and budget ranges, a study has found. Which? found that the price of 265 groceries soared by more than a fifth at the same time as the…
Here’s How Microsoft Addressed Complaints From Smaller European Cloud Companies
Microsoft Corp.’s pitch to Brussels directly addressed competition worries with a clear geopolitical purpose prompted by recent complaints from smaller European cloud companies, the Financial Times reports. Microsoft laid out a series of “principles” that it would follow out of respect for Europe’s concerns. Any customer who has paid to license Windows or Office under Microsoft’s…
Netflix Said to Be Rapidly Losing Support From Longtime Subscribers
Netflix Inc.’s troubles seem to be running deeper. The streaming giant is reportedly losing the support of its longtime subscribers as it tries to pull out all the stops to turn around its fortunes. What Happened Netflix subscribers who have been with the company for over three years made up 13 percent of those who…
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