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☆ MLB roundup: White Sox sink Tigers on walk-off grand slam
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +12 min

White Sox starter Michael Kopech gave up two runs and three hits in seven innings while recording nine strikeouts. Clay Holmes (4-2) pitched a scoreless inning, while Wandy Peralta recorded the final four outs for his fourth save. Freeland (4-7) allowed two runs on four hits with no walks and one strikeout in seven innings. Rangers 12, Mariners 3A heavy offensive output combined with six scoreless innings from Nathan Eovaldi earned Texas a lopsided win over Seattle in Arlington, Texas. San Diego's Ryan Weathers (1-4) lasted just 1 2/3 innings, allowing seven hits and Chicago's first five runs.

Persons: Jake Burger, Kamil Krzaczynski, Luis Robert Jr, Spencer Torkelson, Liam Hendriks, Michael Kopech, Matthew Boyd, Andrew Benintendi, Alex Lange, Yoan Moncada, Tim Anderson, Burger, Eddie Rosario, Miguel Castro, Raisel Iglesias, A.J, Minter, Zac Gallen, Ji Hwan, Louis, Rich Hill, David Bednar, Andrew Knizner, Miles Mikolas, Kyle Higashioka, Oswaldo Cabrera, Anthony Volpe, Domingo, Clay Holmes, Wandy Peralta, Bobby Miller, J.D, Martinez, Yandy Diaz, Josh Lowe, Luke Raley, Taj Bradley, Alex Verdugo, Masataka Yoshida, Tanner Houck, Drew Ellis, Kyle Schwarber, Schwarber, Ellis, Stone, Ildemaro Vargas, Vargas, Dominic Smith, Riley Adams, Alex, Monasterio, Adrian Houser, Houser, Jake Fraley, Victor Caratini, Dominic Leone, Vladimir Guerrero Jr, Nate Pearson, Pete Alonso, Starling Marte, Adam Cimber, Erik Swanson, Jordan Romano, Garrett Cooper, Cooper, Yuli Gurriel, Bryan De La Cruz, Luis Arraez, Sandy Alcantara, National League Cy Young, Paul Blackburn, Ramon Laureano, Brady Singer, Maikel Garcia, Scott Barlow, Elehuris Montero, Ezequiel Tovar, Michael Massey, MJ Melendez, Garcia, Kyle Freeland's, Josh Naylor, Andres Gimenez, Joe Ryan, Triston McKenzie, Ryan, McKenzie, James Karinchak, Ohtani, Phil Maton, Zach Neto, Griffin Canning, Chris Devenski, Carlos Estevez, Nathan Eovaldi, Jonah Heim, Eugenio Suarez's, Ty France, Jose Caballero, Kolten Wong, Tyler Wells, James McCann, Josh Lester, Blake Sabol, McCann, Jorge Mateo, Anthony DeSclafani, Adam Frazier, Austin Hays, Ryan Mountcastle, Lester, Marcus Stroman, Miguel Amaya, Yan Gomes, Trey Mancini, Fernando Tatis Jr, Diego's Ryan Weathers, Chicago's Organizations: Chicago White Sox, Detroit Tigers, Chicago, White Sox, Detroit, Braves, Diamondbacks, Atlanta, Arizona, Pirates, Cardinals, Pittsburgh, Yankees, Dodgers, New York, National League, Red Sox, Tampa Bay, Boston, Phillies, Nationals, Washington, Brewers, Reds, Milwaukee, Cincinnati, Blue Jays, Mets, Brandon, Toronto, Marlins, Athletics, Miami, Oakland, Royals, Rockies, Kansas City, Colorado . Singer, Twins, Angels, Astros, Houston, Rangers, Mariners, Texas, Seattle, Orioles, Giants, Baltimore, San, Cubs, Padres, Thomson Locations: Chicago , Illinois, USA, Phoenix, Rosario, Arizona, New, Los Angeles, Domingo German, Tampa Bay, Philadelphia, New York, Colorado, Freeland, Cleveland, Minnesota, Minneapolis, Arlington , Texas, San Francisco, Baltimore, San Diego

☆ Britain's Monzo narrows annual loss, IPO 'some ways down the road'
▼ + stars: | 2023-05-31 | by ( Iain Withers | ) www.reuters.com time to read: +2 min

Monzo is one of Britain's highest-profile financial technology companies, having attracted 7.4 million customers with its bright coral cards and spend-tracking data since launching in 2015. Monzo reported a net loss of 116.3 million pounds ($146.8 million) for the year, compared to a loss of 119 million the previous year. We'll do the work well before we need to make a decision," Anil said when asked where Monzo could float. "We will make a great public company one day," Anil added. The bank expects to post a full-year profit this financial year, Anil said, after the company said it reached monthly bottom-line profitability in March.

Persons: Monzo, Anil, It's, We'll, Iain Withers, Jason Neely Organizations: London, Financial, Authority, Thomson Locations: British, New York, London

☆ British digital bank Monzo hits monthly profitability for the first time after spike in lending
▼ + stars: | 2023-05-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

In its annual report for the year ending February 2023, Monzo reported net operating income of £214.5 million ($266.1 million), almost doubling year-over-year from £114 million. Losses at the bank nevertheless came in at a substantial £116.3 million — though this was slightly lower than the £119 million net loss Monzo reported in 2022. Still, the company managed to reach profitability in the first two months of the year. Starling Bank reached that milestone for the first time in 2021. Fellow fintech Allica Bank reached monthly profitability last year.

Persons: Monzo, James Davies, Anil, Starling, Monzo's Organizations: CNBC, Starling Bank, Allica Bank

☆ UK fintech bank Monzo more than doubles revenue but marginally narrows losses to $143 million, results show
▼ + stars: | 2023-05-31 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

London-based fintech bank Monzo more than doubled its revenue last year, results show. The company, founded in 2015, also narrowed losses marginally to £116.3 million ($143.4 million). British fintech bank Monzo more than doubled its revenue last year and marginally narrowed losses to £116.3 million ($143.4 million), according to results published on Wednesday. Monzo, famous for its bright coral pink debit cards, added another 1.6 million customers with the bank now servicing around 7.4 million users. The company's results come after fellow London-based fintech bank Starling, announced a pre-tax profit of £195 million ($241 million).

Persons: Anil, Monzo, Starling, Y Combinator, Tom Blomfield, Combinator Organizations: Catalyst, Abu Dhabi Growth Fund Locations: British, London, Abu Dhabi

☆ MLB roundup: Rays win shootout, take series from Dodgers
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +12 min

Rays starter Josh Fleming allowed 10 runs (eight earned) on 12 hits, including five home runs, in six innings. Dylan Covey (0-1) retired only two batters in his first start since 2019 and was tagged for seven runs (five earned) on six hits. Darvish (3-4) allowed a season-high seven runs and seven hits in 2 2/3 innings. Gerrit Cole (6-0) allowed a homer to Jake Cronenworth two batters into the game and a two-run homer to Rougned Odor in the seventh. Alex Cobb (4-2) gave up a season-high seven runs on seven hits in four innings.

☆ Boss of Goldman-backed digital bank Starling to step down next month
▼ + stars: | 2023-05-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The co-founder of Starling, one of the U.K.'s largest digital banks, is set to step down as CEO next month, the company said Thursday. Anne Boden is to step down on June 30, according to a press release. She will hand the reins to Starling's chief operating officer, John Mountain, who has been with the bank since 2015. "I have spent nearly a decade here as both the founder and CEO, a dual role which is unique in U.K. banking," Boden said in a statement Thursday. As Starling continues to evolve and grow, separating my two roles is in the bank's best interests."

Persons: Starling, Goldman Sachs, Anne Boden, John Mountain, Boden, It's, I've Locations: U.S

☆ MLB roundup: Surging Cardinals down Dodgers for fourth straight series win
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +12 min

Cardinals starter Jack Flaherty allowed three runs on four hits and four walks with five strikeouts in 4 2/3 innings. Yankees 4, Reds 1Harrison Bader belted a two-run homer and Luis Severino pitched effectively into the fifth inning in his season debut, lifting New York past host Cincinnati. The 2-0 cushion proved enough to send the Phillies to a second straight win after losing five straight. In his fourth appearance, the left-hander went six innings and allowed one run on one hit, one walk and a career-high seven strikeouts. Mariners starter George Kirby (5-3) pitched seven innings and allowed three runs on six hits, one walk and six strikeouts.

☆ Hegra has been inhabited for 12,000 years -- but has only had tourists for four
▼ + stars: | 2023-05-16 | by ( Lilit Marcus | ) edition.cnn.com time to read: +8 min

Now, increased investment in archeology from the Saudi government means that more and more information is coming out of Hegra and other Nabatean sites. I think they just get absorbed in the story of the growth of the Roman Empire.”"Hinat" greets travelers at the Hegra visitor's center. Now, travelers can see her in the Hegra visitors’ center. Expand your searchMany visitors combine their Hegra trip with visits to the smaller nearby historic sites of Dadan and Jabal Ikmah. Don’t miss the covered outdoor station near the Hegra visitor’s center, where you can practice using a small chisel to carve your name or initials into pieces of stone.

☆ MLB roundup: Cardinals blitz Brewers 18-1
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +5 min

Jack Flaherty (3-4) fanned a season-high 10 while blanking the Brewers on three hits in seven innings as the Cardinals won for the seventh time in eight games. Freddy Peralta (4-3) allowed six runs on six hits and five walks in 5 1/3 innings for the Brewers, whose three-game winning streak ended. Adam Frazier and Anthony Santander each hit a two-run homer and Cedric Mullins added a solo shot for the Orioles. Raleigh, who went 3-for-5, hit two-run shots in the fifth and sixth innings, logging his second multi-homer game of the season. Eugenio Suarez also blasted a two-run homer as part of Seattle's 15-hit attack.

☆ Rocket Lab revenue increases slightly, company adds NASA launch contract
▼ + stars: | 2023-05-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Rocket Lab's revenue increased slightly in the first quarter, but losses grew as well, as the spacecraft and launch company added a NASA contract and continued to invest in its future Neutron vehicle. Rocket Lab said an increase in R&D spending for its Neutron rocket and Photon spacecraft drove a rise in expenses. The development of our larger rocket Neutron is continuing at pace," Rocket Lab founder and CEO Peter Beck said in a statement. It had $450 million in cash on hand at the quarter's end, down from $484.3 million the prior quarter. Shares of Rocket Lab were little changed in after-hours trading from its close at $3.94 a share.

☆ MLB roundup: Zac Gallen extends scoreless run in D-backs' win
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +11 min

Arizona's Emmanuel Rivera had an RBI single among his two hits and scored a run. Evan Longoria also had an RBI single for the Diamondbacks, who won two of the three games in the series after losing four of their previous five contests. Padres 5, Cubs 3Fernando Tatis Jr. ripped a two-run single in the seventh inning to give San Diego the lead for good in its win in Chicago. Tatis added an insurance run with an RBI single in the ninth. Rodolfo Castro added a two-run single, and Bryan Reynolds, Andrew McCutchen and Ji Hwan Bae each had an RBI single for the Pirates.

☆ Allianz picks acceptable time to quit N26
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 19 (Reuters Breakingviews) - Allianz (ALVG.DE) is striking a blow for forlorn investors of privately held startups. While that would be a 68% discount to N26’s $9 billion valuation as of October 2021, Allianz’s exit route looks agreeably straightforward. N26 has enough cash to finance its operations until the end of 2024, when it is expected to reach profitability. The fight between banks for consumer deposits will force N26 to offer better interest rates for its customers, limiting its profit margin going foward. More to the point, Allianz doesn’t have to inform N26 of an intention to sell.

The Bank of England has raised interest rates 11 times since December 2021 in a bid to curb soaring inflation, which has squeezed living standards. Anil said last month's banking sector turmoil, sparked by the failure of SVB which spooked investors, could contribute to a broad shake-up in the digital finance sector. "The Bank of England looking at the regulations... is the sensible course to do," Sam Everington, senior executive at British digital bank Starling, told the event in London. Digital finance company bosses said they were confident the sector could weather tough economic conditions, but that pressure was building on business models. Lisa Jacobs, CEO of fintech Funding Circle, said much of the digital finance industry had only ever known low interest rates, but she was confident the industry could still show its value.

☆ MLB roundup: Rays beat A's to stay undefeated
▼ + stars: | 2023-04-08 | by ( ) www.reuters.com time to read: +10 min

Stroman has allowed two runs and 17 hits over 32 innings while winning each of his last five home starts. Ji Hwan Bae, Ke'Bryan Hayes and Connor Joe each had an RBI double, and Oneil Cruz and Jason Delay hit RBI singles for the Pirates. Pittsburgh starter Rich Hill allowed seven runs and eight hits in four innings. Alex Cobb (0-1) was the hard-luck loser for the Giants after holding the Royals to two runs on seven hits in seven innings. Kershaw (1-1) took the loss after allowing four runs on seven hits in six innings.

☆ Spring training roundup: Astros pound Cardinals 24-1
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +8 min

Astros starter Jose Urquidy scattered four hits over four innings, allowing the lone run on a multiple-error play in the second that scored Oscar Mercado. Cardinals starter Jack Flaherty yielded six earned runs on four hits and three walks over 3 2/3 innings. Wil Myers hit an RBI double and Michael Siani added an RBI single for the Reds. Elehuris Montero hit his fifth homer of the spring, a two-run shot, and Brenton Doyle went 2-for-3 with an RBI triple for the Rockies. Padres starter Michael Wacha went five innings and yielded eight hits, two walks and four runs.

☆ Revolut posted its first annual profit after missing multiple deadlines to release its financials
▼ + stars: | 2023-03-01 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

London-based fintech Revolut posted its first annual profit for the year ending 2021. Despite repeatedly missing reporting deadlines, Revolut could soon cinch a UK banking license. Revolut, the London-based fintech firm, has posted its first annual profit after missing multiple deadlines to release its financials. Revolut posted a net profit of £26.3 million ($31.8 million) for the full year 2021, according to its latest annual report. Revolut's annual profit makes it the second UK challenger bank to achieve profitability after London-based Starling Bank.

☆ Investment banks approach Monzo over potential IPO as $4.5 billion fintech plots investing push, sources say
▼ + stars: | 2023-02-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Investment banks have been in talks with Monzo over a future IPO, sources told Insider. The London-based fintech has also been in discussions to grow its wealth and investment offering. A number of leading investment banks have held initial talks with British fintech unicorn Monzo about a public listing that could take place as early as next year, sources say. Some investment banks have opted to cull teams of staff focused on M&A and stock issuance in recent months, most notably Goldman Sachs. The fintech has also been on the lookout for acquisitions and partnerships in the wealth and trading space, two sources told Insider.

☆ Britain sets out plans to regulate crypto industry in wake of FTX collapse
▼ + stars: | 2023-02-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

In a widely-anticipated industry consultation launched Tuesday, the government proposed a number of measures aimed at bringing regulation of crypto asset businesses in line with that of traditional financial firms. A big theme that emerged in 2022 was the rise of risky loans made between multiple crypto firms and a lack of due diligence done on the counterparties involved in those transactions. The collapse of FTX has added urgency to global regulators' attempts to govern the regulation-averse crypto space. The regulatory move comes as crypto firms in both the U.K. and beyond are feeling the chill of a deep downturn known as "crypto winter." Global crypto hub ambitionsThe U.K. wants to become a leader in crypto and blockchain technology on the global stage.

☆ A 24-year-old entrepreneur says working fewer hours and capping her revenue was the key to increasing her profits
▼ + stars: | 2023-01-19 | by ( Jessica Bacon | ) www.businessinsider.com time to read: +7 min

Benham told Insider she launched her first online course in September 2020 and made £15,000, or about $18,400, on the first day, which was double her average monthly income at the time. More revenue doesn't guarantee more profitDespite growing revenue, Benham was taking home less each month because of increased costs. Benham told Insider she said yes to every opportunity, regardless of the personal and professional costs. In 2020, if a task or role was too time-consuming, she would outsource it, Benham told Insider. Benham told Insider she now had fun brainstorming how to reach her monthly target earnings of £7,500, or about $9,163.

☆ Revolut close to finalising 2021 accounts as fintech seeks U.K. licence - sources
▼ + stars: | 2023-01-13 | by ( Stefania Spezzati | ) www.reuters.com time to read: +3 min

LONDON, Jan 13 (Reuters) - Fintech firm Revolut Ltd. is close to finalising its long-overdue 2021 financial accounts, a move that could pave the way for the start-up to obtain a UK banking licence, two people with knowledge of the matter told Reuters. Revolut is set to publish financial accounts for the year ended December 2021 - which were due last summer - at the end of January after auditing firm BDO LLP’s final sign-off, the people said. The Revolut filing will likely show a rise in 2021 revenue from clients’ subscriptions and exchange rate fees, the person said. The accounts may help the entrepreneur to convince UK regulators that Revolut is ready for a banking licence after a two-year wait. Britain is a key market for Revolut, which aims to become a global financial firm.

☆ This startup that provides insurance to SMEs just raised $54 million. Check out the 23-slide pitch deck Superscript used to land the fresh funds.
▼ + stars: | 2023-01-10 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Insurance tech startup Superscript has raised $54 million in fresh funding. Superscript has raised fresh funds despite a downturn in the wider insurance tech market. London-based insurance tech startup Superscript has raised $54 million in fresh funding. The company, which was founded in 2015, provides insurance products to small and medium businesses (SMBs) and high-growth tech startups. Superscript's funding round was led by existing investor BHL UK, owner of Comparethemarket, with participation from insurance company The Hartford.

☆ 'Investors changed the rules of the game overnight.' The CEOs of Rapyd, Revolut, Wefox, and Klarna look ahead to fintech in 2023.
▼ + stars: | 2022-12-30 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

After a bruising year for the sector, fintech startups are prioritizing profitability. The CEOs of Revolut, Klarna, Wefox, and Rapyd outlined the new reality for consumer-facing fintech. "Investors changed the rules of the game overnight," Rapyd CEO Arik Shtilman told Insider. "Investors changed the rules of the game overnight," Arik Shtilman, CEO and founder of $15 billion fintech Rapyd told Insider at the Slush conference in Helsinki. Regardless of whether a focus on profitability has been pushed by investors or not, the tide has now turned for the fintech sector in Europe.

☆ Neobanks battle to lure UK savers with juicy yields as interest rates rocket to a 14-year high
▼ + stars: | 2022-12-16 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

"We've re-entered the era where banks use better savings rates to acquire customers," Simon Taylor, head of strategy at fintech startup Sardine.ai, told CNBC. The Bank of England on Thursday hiked its main interest rate by 50 basis points, to 3.5%, its highest level in 14 years. They mean savers can get higher rates of returns on their deposits. However, those with mortgages, credit cards and personal loans to pay are charged higher interest. It is not the first time an internet-based bank in the U.K. has bumped up rates on savings to higher levels.

☆ Driver dies after getting pinned to a ticket machine while trying to leave an Atlanta parking garage
▼ + stars: | 2022-10-27 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +1 min

A driver died in a freak accident Thursday morning after getting pinned to a ticket machine while trying to exit an Atlanta parking garage, police said. Police said the driver forgot to put his truck in park as he opened his door to reach the machine that operates the exit gate. The parking garage is used by The Starling Atlanta Midtown hotel, NBC affiliate WXIA of Atlanta reported. When she opened her door and leaned over to pick up the card, she inadvertently accelerated and hit the parking kiosk, according to police. Strauss, who became pinned between her car door and the door frame, died on the scene, police said.

☆ I'm due to make $1,170 just by switching bank accounts. It only took 10 minutes to do it each time — here's how I did it.
▼ + stars: | 2022-10-26 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

Faced with rising energy bills and double-digit inflation in the UK, every little bit can help, which is why I was drawn to the idea of switching bank accounts. By the time I realized this in mid-September, Santander had withdrawn its switching bonus offer. The bank also offered to credit my Santander account with a £50 payment by way of apology. By then, NatWest was already in the process of switching my First Direct account over, so I couldn't switch it to Santander. And you need savings, as some of the banks I used required £1,000 or more in the new accounts to get the switching bonus.

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