Startup Funding Up 57%; Michaels Confirms Breach of 2.6M Cards
Dow Jones ends the day down for the second day in a row, while Nasdaq and the S&P 500 end the day the the green for the fifth straight day. Mazda announced the recall of 109,000 older SUVs today. The automaker is recalling these SUVs based off a rust issue that could result in a loss of steering control. So far 2014 seems like it could be the year of the startups. Funding for U.S. startups is up 57% in Q1 and reached its highest level of funding since 2001, with software companies receiving the majority of the money. Michaels Stores confirmed yesterday that approximately 2.6 million cards have been compromised due to a security breach.The security breach lasted over 6 months from May 2013 to January 2014 and compromised customers payment card numbers and expiration dates.
Word on the Street
- Not all employees would benefit from an increased minimum wage.
- Over 2.6M cards compromised at Michaels.
- Is Apple's (AAPL) iPad in trouble?
- Airbnb now has a $10 billion valuation.
- Funding for startups up 57% in Q1.
- Americans prefer investing in real estate.
- Chiptole Mexican Grill (CMG) stock pummeled after earnings miss.
Published on Apr 18, 2014By InvestorGuide Staff