Raise

Some candidates in the midterm elections are experimenting with NFTs to help raise money and spark interest in their campaigns, following the lead of artists as well as big consumer brands, even as the broader market for such items has cooled.Venture capitalist Blake Masters is launching a second round of offerings of nonfungible tokens following a big haul earlier this year to help fund his Republican Senate bid in Arizona. Democratic House candidate Shrina Kurani in California and Democratic Senate candidate Steven…

Armstrong Flooring Inc., a publicly traded manufacturer founded in 1860, has filed for bankruptcy, saying it couldn’t raise prices enough to counter supply-chain disruptions and higher costs for materials and transportation. The Lancaster, Pa.-based company, along with subsidiaries AFI Licensing LLC, Armstrong Flooring Latin America Inc. and Armstrong Flooring Canada Ltd., filed for chapter 11 protection Sunday in the U.S. Bankruptcy Court in Wilmington, Del. In November, Armstrong warned about…

Some hospitals grappling with rising nurse salaries are seeking to raise prices by up to 15%, touching off contract fights with health insurers and businesses and threatening higher premiums. Neither of the chains would specify the price increases they are requesting, but people familiar with negotiations say some hospitals are asking to increase their prices by 7.5% to 15%.…

Both countries sign key agreements to strengthen cultural and political relations, Turkish FM Mevlut Cavusoglu says following a meeting with his Brazilian counterpart Carlos Franca in capital Brasilia. Türkiye and Brazil have ties that go back more than 160 years, says FM Mevlut Cavusoglu.…

Electric car maker Lucid LCID -3.71% Group Inc. reported narrower losses in the first quarter of 2022, and said it would increase vehicle prices starting in June, citing a changing environment from when it first set pricing in September 2020. Lucid said Thursday that it recorded a net loss of $81.3 million in the January-to-March period, compared with a $2.9 billion loss in the same year-ago period. The company stuck with its production…

Virtual private network (VPN) service providers are raising concerns over the government's order under which it directed them to keep user data for at least five years and share records with authorities when required. Some of the major VPN companies including NordVPN are set to leave the country if the government does not provide them the room to serve their customers in a private manner. At the same time, legal advocacy groups are suggesting the government remove the requirements violating user privacy.The order, which…

Prominent Chinese billionaires, including Lenovo group founder Liu Chuanzhi, and the President of Didi Chuxing, Liu Qing have cleared their Weibo accounts and only made content from the last 6 months visible, local media reported.Weibo is a Chinese microblogging platform and is widely used in China as an alternative to Twitter, which is inaccessible in the country.It has also been discovered that several other well-known Chinese billionaires have also suddenly emptied their Weibo accounts, including Zhang Yiming, founder…

Experts at the Kenya-based United Nations Environment Programme (UNEP) has raised an alarm marking the worrisome rate at which sand is getting depleted from the face of Earth.  Sand is deemed the most-extracted solid material in the world, and the second-most used global resource behind water. However, sand's use is largely ungoverned. Unregulated extraction of sand has created  a huge gap in the utilisation and generation process. Sand takes thousands of years of…

Bharti Airtel said it plans to raise up to Rs. 21,000 crores via a sale of shares to existing shareholders as it builds a war chest to prepare for the launch of 5G services..Bharti said the shares would be priced at Rs. 535 apiece, which is around a 10 percent discount to Friday's close of Rs. 595.15.Bharti founder-chairman Sunil Mittal and others in the founder group will also participate in the share purchase, the company said in a statement.The company said that shareholders would be eligible to buy one share for every…

Some well-timed trades in the options on Twitter, in the days before Tesla CEO boss Elon Musk revealed a large stake in the social media company, are raising eyebrows among options analysts.On Monday, Musk revealed a 9.2 percent stake in Twitter, making him the biggest shareholder in the company, and triggering a 26 percent rise in Twitter's shares to over $49 (roughly Rs. 3,700).The news follows a flurry of bullish trading in Twitter's options in recent days, including in call options betting on Twitter shares rising…