Stripe raises US$6.5 billion at US$50 billion valuation – nearly half its peak
The payments processing giant has cut its valuation multiple times since its $95 billion high in early 2021.
Investing
Only the ‘first domino to drop’: Grim warning in wake of SVB collapse
US bank stocks shed tens of billions of dollars in market value as their nightmarish week continues.
Bank stock losses top $185bn in SVB collapse aftermath
Regional banking stocks such as Western Alliance and First Republic tumbled Monday following the failures of Silicon Valley Bank and Signature Bank.
US regulators will protect all SVB deposits after sudden collapse
All of the failed bank’s depositors will be able to access their funds on Monday—even if their deposits aren’t covered by FDIC insurance.
Everything you need to know about Silicon Valley Bank’s collapse—the biggest bank failure since 2008
The California-based tech startup lender was shut down by the state’s financial regulator Friday.
Adidas’ grim US$700 million warning after Kanye split
The German sportswear giant has a mountain of unsold Yeezy shoes leftover from its partnership with Ye.
‘I was financially illiterate’: Wendy McCarthy’s golden rules for wealth
Businesswoman, activist and author, Wendy McCarthy AO reveals the best wealth advice she ever received.
IWD: The best piece of wealth advice these five women ever received
Five women who will speak at the Forbes Women’s Summit on 22 March in Sydney share the best piece of wealth or business advice they’ve received.
Aussie borrowers hit again as RBA hikes cash rate for 10th straight month
The RBA is expected to increase the official cash rate today, its 10th consecutive rise since May last year.
Where to find funding when the banks won’t lend
Does your business need money? Where do you go if the bank says no?