Long-range delivery drone maker Volansi raises $50M

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Long-range delivery drone maker Volansi raises $50M

Robotics generally have seen an increase in interest during the pandemic, so it makes perfect sense that investors are taking a closer look at autonomous drone delivery. That’s good news for Volansi, which just announced a $50 million Series B. The round …
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Wall Street opens higher, following broad gains overseas

NEW YORK (AP) — Stocks are opening higher on Wall Street, building on gains made over the previous two days. The S&P 500 was up 0.9% early Tuesday. Markets were also higher overseas folllowing encouraging economic reports from China and …
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Rishi Sunak hails furlough scheme a success, but it won't be extended

Chancellor Rishi Sunak has hailed the furlough scheme a success and said millions of jobs could have been lost during the coronavirus pandemic without it. It comes after latest figures showed more than half of the workers on the furlough scheme had …
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Kraft Heinz will cut $2 billion in costs and will reinvest in its brands

Kraft Heinz plans to cut $2 billion in costs over the next five years and put the savings into marketing brands with the highest potential for growth, part of a reorganization the legacy food maker hopes will make it more relevant to consumers. The strategy …
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US manufacturing production rises in August, but momentum slowing

WASHINGTON (Reuters) – U.S. factory production increased for a fourth straight month in August, but the recovery is showing signs of strain, suggesting business investment in equipment could remain depressed through the end of the year as the COVID-19 …
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