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Finance & Markets

Lovable raises another $400M, confirms new $13.3B valuation

Europe’s favorite vibe-coding startup Lovable has confirmed previously reported whispers that it was raising another mega round at a $13.3 billion valuation. Lovable said on Wednesday that it has raised $400 million in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, with more than a dozen other investors participating. This new funding comes after Lovable hit $500 million in…

techcrunch.com ·

Lovable raises another $400M, confirms new $13.3B valuation

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More in Finance & Markets

US stocks mostly up on slightly lower inflation data

Wall Street stocks mostly gained following slightly better US consumer pricing data, but an uptick in US Treasury bond yields suggested lingering unease about inflation.

  • US stocks mostly up on July inflation data at 3.4%
  • Semiconductor shares surge after strong earnings
  • US Treasury bond yields rise despite lower inflation

·news.rthk.hk

EIA Sees 600,000 Bpd of Middle East Oil Still Offline by End-2027

The longer-than-expected closure of the Strait of Hormuz means that some part of the oil production in the Middle East will remain shut in through the end of next year, the U.S.

  • EIA projects 600,000 bpd of Middle East oil offline by end-2027
  • Strait of Hormuz constrains oil shipments through August
  • Gulf oil producers' curtailment averages 5.5 million bpd in July

·oilprice.com