Financial Markets
Top stories summarized by our editors
6/21/2018

Hired, a recruitment marketplace that matches tech workers with companies that need them, has received a $30 million investment from the Investment Management Corporation of Ontario. Corporate employers use Hired's platform to apply to hire workers, a reversal of the traditional approach.

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VentureBeat
6/21/2018

Bossa Nova, a startup that developed a robot that keeps an eye on retailers' shelves and notes when items need to be restocked, raised $29 million in its most recent funding round. Some of the money will be used to expand single-store trials.

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Xconomy
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Bossa Nova
6/21/2018

Calm, a startup whose app is intended to help users improve their sleep or reduce depression or anxiety, raised $27 million in a recent round. The company plans to use the money to step up global expansion.

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VentureBeat
6/21/2018

Blinkist, a German startup that condenses popular nonfiction books and makes them available online on a subscription basis, raised $18.8 million in its most recent funding round. The company plans to hire country-specific managers and to begin offering products in languages other than German and English.

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VentureBeat
6/21/2018

Silexica, a German startup developing tools to be used in writing software for autonomous vehicles, as well as other types of complex software, raised $18 million in its most recent funding round. The company will use the money to further develop a product it calls SLX, as well as to build a platform for running complex software simulations.

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VentureBeat
6/21/2018

Tiller, a French startup that developed software that turns iPads into cash registers for restaurants, raised $13.9 million in its most recent funding round. The company plans to use the capital to expand beyond France and Spain, where most of its customers are now.

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TechCrunch
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Tiller
6/21/2018

Microsoft has acquired Bonsai, a startup that creates deep learning tools to be used by businesses, to bolster its artificial intelligence capabilities. Bonsai's tools give people without AI experience the ability to teach autonomous systems how to carry out tasks.

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VentureBeat
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Microsoft
6/21/2018

The World Cup, as a sporting event followed worldwide, contributes to a significant slowdown in trading activity as people turn away from work to watch the matches. One analysis saw trading at 15 global exchanges drop by about a third during games.

6/21/2018

Financial firms prize data and data analysis for its ability to help traders stay ahead of market trends, but transforming firms to be data-driven remains a challenge. Some organizations are creating a chief data officer role to join the ranks for the chief information officer and chief technology officer.

6/21/2018

Saudi Arabia is struggling to diversify its economy away from the cash cow of oil revenue spent by the government. Non-oil growth has been less than 1% in 2018.