The Federal Reserve held rates unchanged today while committing to using all tools available to help the US economy. Meanwhile, Nintendo's Animal Crossing Bank of Nook slashed its rate to near zero overnight, ahead of the Fed press conference. Video games are forming their own realities and communities now- with graduation ceremonies held on Minecraft, virtual rate cuts in parallel universes, video game makers are having a cultural moment.
Juul Labs Inc. is planning to cut around a third of its staff as it grapples with falling e-cigarette market share and regulatory crackdowns. Juul has already cut 650 jobs last year and plans to cut between 800 and 950 jobs as part of a broader restructuring plan. Read more.
April rent collection was more positive than expected. However, rent is due again. Increasing concerns for Landlords across the country Read more.
PrivCo is the premier financial data & services company that tracks US private companies with roughly $1M+ in annual revenues.
Funding & Deal Highlights: Cheetah Raises $36M Series B From Eclipse Ventures to Expand Grocery Delivery Velo3D, a supplier of 3D printers to SpaceX, raises $28 million enVerid Systems Secures $20M in Series B Funding Topia Raises $15 Million in Series D Funding Docupace Secures Growth Equity Investment from FTV Capital o9 Solutions Announces Investment from KKR Transtelco Acquires Innovative LATAM Carrier Neutrona Networks Scopely acquires Scrabble Go studio PierPlay Paige Raises Additional $5M to Double Down on AI-Based Cancer Therapies Attentive Raises Another $40M for Mobile Messaging Duolingo’s Quiet $10M Raise