Search engine optimization (SEO) firm Yext is reportedly considering a sale. The company has hired investment bankers after attracting takeover interest, Reuters reported Friday (June 7), citing unnamed sources. It is only in the early stages of exploring a sale and it may choose not to proceed...
Brazilian online lender Inter&Co is expanding its efforts in the United States, with a focus on replicating its success in Brazil’s online banking sector. With a customer base of 32 million clients in Brazil, Inter has gained popularity by offering a wide range of products, including...
A chain is only as strong as its weakest link, as the saying goes. And as the fallout from Synapse’s chaotic bankruptcy continues, containing the impact of its collapse across the financial services and FinTech supply chain ecosystem is top of mind for both the...
Shared-workspace company WeWork has faced significant challenges in recent years, including bankruptcy and the ousting of its co-founder Adam Neumann. Neumann, who had been trying to regain control of the company since his resignation under pressure from the board in 2019, has now given up...
India-based Jio Financial Services is looking to go into the device leasing business. The financial services provider published a postal ballot notice saying it is seeking shareholder approval to acquire 360 billion rupees ($4.33 billion) worth of telecom equipment and devices from the retail arm...
Rating agencies reportedly expect a greater share of the lowest-quality investment-grade bonds to be downgraded than to be upgraded. That’s the first time this has been the case in this part of the U.S. corporate bond market since the end of 2021, the Financial Times...
New orders for manufactured durable goods increased by 0.7% in April. Orders increased by $1.9 billion to $284.1 billion during the month, the U.S. Census Bureau said in a Friday (May 24) press release. April’s increase in orders for durable goods followed a 0.8% increase in March and marked...
DocuSign is focused on building itself as an independent public company, according to the electronic signature platform’s CEO. Allan Thygesen made that pronouncement in an interview with CNBC published Wednesday (May 23), following reports that private equity firms had considered a takeover. “We’re focused on building a great,...
Nothing dulls the enterprise risk appetite like uncertainty. And for today’s businesses, the focus remains on navigating the threats of recession, cybersecurity risks and pressure to demonstrate sustainable profitability. But mitigating risk doesn’t have to mean abandoning growth opportunities — it just means that investments...
