Reading List
The most recent articles from a list of feeds I subscribe to.
Analysis: Intel's stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years (Ryan Vlastelica/Bloomberg)
Ryan Vlastelica / Bloomberg:
Analysis: Intel's stock, up 28% in August, is trading at a 53 forward P/E ratio, its highest since early 2002, reflecting its declining profits in recent years — After months of turbulence, Intel Corp. bulls are finally being rewarded for their patience. But the stock's sudden rebound comes …
Sources: US Treasury Secretary Scott Bessent bets stablecoins will bolster demand for Treasuries, as talks with Tether and Circle help inform issuance decisions (Financial Times)
Financial Times:
Sources: US Treasury Secretary Scott Bessent bets stablecoins will bolster demand for Treasuries, as talks with Tether and Circle help inform issuance decisions — Treasury secretary's discussions with crypto groups have helped inform issuance decisions — Treasury secretary Scott Bessent …
Butterfly Effect, the startup behind Manus and an earlier product called Monica, says its annual revenue run rate has hit $90M, with Manus contributing the most (Bloomberg)
Bloomberg:
Butterfly Effect, the startup behind Manus and an earlier product called Monica, says its annual revenue run rate has hit $90M, with Manus contributing the most — The Chinese-founded company behind AI pioneer Manus said it's hit an annual revenue run rate of $90 million, offering a first glimpse at the value of its business.
PE firm Advent International agrees to acquire U-blox, a SIX Swiss Exchange-listed wireless and positioning chipmaker, for about $1.3B via public tender offer (Andrea Figueras/Wall Street Journal)
Andrea Figueras / Wall Street Journal:
PE firm Advent International agrees to acquire U-blox, a SIX Swiss Exchange-listed wireless and positioning chipmaker, for about $1.3B via public tender offer — U-blox is a provider of wireless and positioning semiconductors — Advent International agreed to buy Swiss tech company U-blox …
Canva launches a staff stock sale to new and existing investors at a $42B valuation, up 30%+ from $32B in 2024, reports $3.3B+ annualized sales and 240M+ MAUs (Olivia Poh/Bloomberg)
Olivia Poh / Bloomberg:
Canva launches a staff stock sale to new and existing investors at a $42B valuation, up 30%+ from $32B in 2024, reports $3.3B+ annualized sales and 240M+ MAUs — Get the Tech In Depth newsletter. — Analysis and scoops about the business of technology from Bloomberg's journalists around the world.