The company plans to announce on Wednesday that Skims has secured $270 million in a fresh investment round that values it at $4 billion. Investors valued the business at $3.2 billion last year, so this is an increase.

During the first half of 2023, the largest US banks spent more than $1 billion on severance payments, highlighting the high cost of winding down Wall Street’s excessive expansion during the coronavirus pandemic.

ASML, the leading Dutch semiconductor equipment manufacturer, surpassed market expectations with its second-quarter earnings and revised its full-year sales forecast upwards.

The Indian government is reportedly contemplating a delay in its plans to sell its stake in Hindustan Zinc (HZNC.NS) due to the current state of the industry.

VinFast, a Vietnamese manufacturer, announced on Wednesday that it would begin building a $4 billion electric vehicle factory in North Carolina the next week as part of its effort to increase its presence in the American market.

Research by PrivateCircle Research shows that more than a year after Shark Tank India Season 1, seven sharks invested in 27 of 65 committed agreements.

Despite doubts about the platform’s future in the US and other countries, live streamers from China have focused on TikTok users in the US and Europe, peddling anything from bags and clothing to crystals with an eye on a potentially profitable market.

In order to resolve a lawsuit brought by the shareholders, Elon Musk-led Tesla’s board of directors will pay back $735 million to the business, which is equal to the value of 3.1 million Tesla stock options. Additionally, Tesla directors have agreed that they would not be paid in 2021, 2022, or 2023 while the board also changes how remuneration is decided.

Brian Armstrong, the CEO of Coinbase, will speak on the future of digital asset legislation during a private meeting with a group of Democrats from the US House of Representatives on Wednesday morning.

Taiwanese chipmaker TSMC (Taiwan Semiconductor Manufacturing Co Ltd) is anticipated to announce a 27% decrease in net profit for the second quarter of the year.

According to Reuters, Liu Liehong, 54, a veteran of electronics and information technology who now serves as the chairman of China Unicom, will take over the National Data Bureau in the coming days.

As Microsoft’s acquisition of the video game firm neared completion, Warren Buffett’s Berkshire Hathaway sold off a sizable amount of its Activision Blizzard holdings.