Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]

Jefferies Financial Group Inc. (NYSE:JEF) is set to release its quarterly earnings with an expected EPS of $0.89 and revenue of $1.98 billion.Reports of a potential takeover by Sumitomo Mitsui Financial Group (SMFG) have led to a significant surge in Jefferies' stock price, despite denials of immediate plans.Financial indicators such as a P/E ratio of 12.30, a price-to-sales ratio of 0.77, and an earnings yield of 8.13% highlight Jefferies' market valuation and potential returns for shareholders.Jefferies F ...

Speaking from the Oval Office, Trump said he had pulled back from his earlier threat to launch strikes on Iranian energy infrastructure "based on the fact we're negotiating." An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran's Persian Gulf coast, on Aug. 23, 2016. Oil prices fell more than 5% Wednesday after U.S. President Donald Trump said that Washington and Tehran are "in negotiations right now" and indicated Iran is keen to reach a peace agreement ...

Earlier this month, Fidji Simo laid out a sharper strategy for OpenAI: the startup's everything era is over. Now, it's about focus. "We cannot miss this moment because we are distracted by side quests," Simo said at an all-hands meeting, according to Business Insider's must-read profile of OpenAI's new CEO of applications.One of the first "side quests" to go is the Sora AI video-generation app. The product was a breakout hit when it launched last year. So why shut it down? The answer comes down to a growin ...

Oil fell in early trade on signs of progress in a resolution to the Middle East conflict. ...

BTS Seoul concert livestream draws 18.4 million global viewers, Netflix says | Reuters Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Item 1 of 5 Kpop group BTS pose for photographs upon their arrival for 'BTS The Comeback Live Arirang' concert in central Seoul, South Korea, March 21, 2026. BIGHIT MUSIC/Netflix/Handout via REUTERS [1/5]Kpop group BTS pose for photographs upon their arrival for 'BTS The Comeback Live Arirang' concert in central Seoul, South Kor ...

A jury in Santa Fe on Tuesday ordered Meta to pay $375 million in civil penalties after finding the company misled consumers about the safety of its platforms and endangered children. New Mexico Attorney General Raúl Torrez’s office called the decision a “watershed moment for every parent concerned about what could happen to their kids when they go online,” according to a press release issued right after the ruling. The verdict, reached after a six-week trial, found Meta liable on both claims brought by t ...

Several digital currency-related stocks, including Circle Group (CRCL) and Coinbase (COIN) , faced notably adverse action in today’s session, with investors reassessing their outlooks after proposed legislation, namely the Clarity Act, would negatively affect both.Specifically, a ‘yield restriction’ provision seeks to prohibit stablecoin issuers and platforms from paying interest or rewards on held balances in a manner that mimics traditional bank deposits, which would be a blow to both companies.Though the ...

Toronto, Ontario--(Newsfile Corp. - March 24, 2026) - Velox Energy Materials Inc. (TSXV: VLX) ("Velox" or the "Company") is pleased to announce that is has completed a non-brokered private placement financing (the "Private Placement") of 89,296,272 units of the Company (the "Units") at a price of $0.035 per Unit, for gross proceeds of up to $3,125,369.52.Each Unit consisting of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (a "Warrant"). Each ...

Gold rose in early trade, boosted by the dollar's weakness stemming from signs of progress in a resolution to the Middle East conflict. ...