These specialized Africa VC funds are welcoming co-investors

For global venture capitalists still on the fence about entering Africa, a first move could be co-investing with a proven fund that’s already working in the region. Africa’s startup scene is performance-light — one and a handful of exits — but there could be greater returns for investors who get in early. For funds from Silicon Valley to Tokyo, building a portfolio and experience on the continent with those who already have expertise could be the best start. VC in Africa Africa has one of th...
Tags: Food, TC, London, Entrepreneurship, Finance, Nigeria, Africa, Tech, Economy, Smartphone, United States, South Africa, Venture Capital, Retail, Ethiopia, Zimbabwe

As Morgan Stanley buys E-Trade, Robinhood preps social trading

Before it was worth $7.6 billion, the original idea for Robinhood was a stock trading social network. At my kitchen table in San Francisco in 2013, the founders envisioned an app for sharing hot tips to a feed complete with a leaderboard of whose predictions were most accurate. Once they had SEC approval, they pivoted towards the real money maker: letting people buy and sell stocks in the app, and pay to borrow cash to do so. Now seven years later, Robinhood is subtly taking the first steps ...
Tags: Social, Startups, TC, Mobile, Facebook, Apps, Finance, San Francisco, Tech, M&a, SEC, Morgan Stanley, Robinhood, Stock Trading, Vlad Tenev, Etrade

Report: Firm Tracking Purchase, Transaction Histories of Millions Maybe Not Really Anonymizing Them

The nation’s largest financial data broker, Yodlee, holds extensive and supposedly anonymized banking and credit card transaction histories on millions of Americans. Internal documents obtained by Motherboard, however, appear to indicate that Yodlee clients could potentially de-anonymize those records by simply…Read more...
Tags: Credit Cards, Science, Technology, Privacy, Finance, Banking, Data, Cybersecurity, Motherboard, Yodlee, Pseudoanonymized

President Trump to Nominate Dana Wade as FHA Commissioner

President Trump today announced that he intends to nominate Dana Wade as Assistant Secretary for Housing, Federal Housing Commissioner. Brian Montgomery, who currently holds the position, is awaiting Senate confirmation for a role as deputy secretary of the Department of Housing and Urban Development, after his nomination was recently confirmed by the Senate Banking Committee. HUD | HUD | Dana Wade Wade, who previously served as Acting Federal Housing Commissioner and Ass...
Tags: Featured, News, Congress, Housing, Finance, Senate, White House, Hud, Montgomery, Trump, Bush, Wade, FHA, Office of Management and Budget, Federal Housing Administration, Department of Housing and Urban Development

Gaming-focused investment firm Bitkraft closes in on at least $140 million for its second fund

Esports, video games and the innovations that enable them now occupy a central space in the cultural and commercial fabric of the tech world. For the investment firm Bitkraft Esports Ventures, the surge in interest means a vast opportunity to invest in the businesses that continue to reshape entertainment and develop technologies which have implications far beyond consoles and controllers. Increasingly, investors are willing to come along for the ride. The firm, which launched its first fund in ...
Tags: TC, New York, Money, Finance, Tech, Spokesperson, Economy, United States, Venture Capital, Virtual Reality, Ibm, Goldman Sachs, Dell, Driver, Goldman, Esports

Presidential Hopefuls Bloomberg and Warren on Reverse Mortgages

The 2020 presidential election is still over 8 months away, but the election has heated up now that voters have begun caucusing in the Democratic primary election. As most political observers know, reverse mortgages in general and the Home Equity Conversion Mortgage program specifically don’t often come up as hot button topics of political conversation, yet these products and the federal departments that oversee and regulate them give the President of the United States a great deal of leverage i...
Tags: Obama, Finance, Senate, Massachusetts, New York City, Elizabeth Warren, Barack Obama, Bloomberg, United States, House, Warren, George W Bush, Michael Bloomberg, Wells Fargo, Trump, Bureau

The Financial Times' 404 page

The Financial Times, which is like The Wall Street Journal but with a three-digit IQ, has an amusing 404 Not Found page. Why wasn't this page found? We asked some leading economists. Stagflation The cost of pages rose drastically, while the page production rate slowed down. General economics There was no market for it. Liquidity traps We injected some extra money into the technology team but there was little or no interest so they simply kept it, thus failing to stimulate the page economy. ...
Tags: Post, News, Finance, Humor, Wall Street Journal, Financial Times

America's manufacturers hammered by China's coronavirus woes

As the epidemic slows exports from the global manufacturing hub, the higher prices for everything from tubes to metal pieces could further dent earnings.
Tags: Finance, China, America, Article, Reuters, FBN, Fbn/markets, Fox-business/industries, Fox-business/markets/china, Fox-business/topic/coronavirus, B5d66994-c9ef-5fb4-a377-73bdd62d79dd

Fintech VC sets records in Q4 despite early-stage slowdown

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Fintech is what you hear about constantly, but probably aren’t as read up on as you’d like to be. Neither am I. Luckily we have a new report concerning fintech investing to unpack and explore. Thanks to a  dataset  from startup and venture data provider CB Insights , we have a fresh, deep look into the world of startup fintech investment.  Here’s what we want to know: Did...
Tags: Fundings & Exits, Startups, TC, Finance, Venture Capital, Fintech, Early Stage, CBInsights

Rich Greenfield on all the streaming video plays

We had Rich Greenfield stop by and tell us about who’s who in the Streaming Wars and what investors need to know about the prospects for these companies. Greenfield has been covering the Tech Media Telecom (TMT) space since the 1990’s and knows the players involved forward and back. There’s a lot of crucial information here, I hope you enjoy it! Click over to leave a comment or to learn more about Rich&...The post Rich Greenfield on all the streaming video plays appeared first on The Reformed Br...
Tags: Finance, Greenfield, Rich Greenfield, Company Specific

Kia recalls 229,000 SUVs, vans over fire risk from electrical short

Kia is recalling thousands of vehicles in the U.S. of a risk of an electrical short and possibly a fire.
Tags: Finance, Article, Associated Press, Kia, FBN, Fbn/markets, Fox-business/industries/auto, 7d0f4dd2-8725-5fb2-a135-d367cfbf0176

President Trump Drains The (White-Collar Felon) Swamp

'One of America’s greatest financiers,' Michael Milken, can now vote for the reelection of America’s greatest president.
Tags: Law, Finance, America, Michael Milken

Victoria’s Secret takes lingerie business private at $1.1B valuation

The separation "provides the best path" to restoring profitability at Victoria's Secret and PINK, CEO Leslie Wexner said.
Tags: Finance, Article, Victoria, FBN, Fbn/markets, FOXBusiness, Fox-business/industries/retail, Fox-business/markets/mergers-and-acquisitions, Leslie Wexner, Fox-business/lifestyle, 6b325621-0dcb-59ad-bdac-5ec26137b792

Record-High Stock Market Value Swamped By Record U.S. Consumer Debt And National Debt Levels

Remember, someone is going to have to pick up the tab at the end of the night.
Tags: Law, Finance, Stock Market, National Debt, Household Debt, Jonathan Wolf, Record U S Consumer Debt And National Debt Levels

P&G warns coronavirus is disrupting China business

Some in-store demand has shifted to the Internet, but delivery capability is limited, P&G says.
Tags: Finance, China, Article, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/industries/retail, Fox-business/markets/china, Jonathan Garber, Fox-business/topic/coronavirus, 86b6c521-3e00-5634-90f8-c6b855e090e7

Brazil Incentives Dry up, Strangling Film Production

A new apocalypse now haunts Brazilian cinema. It’s one in a string of such upheavals over the past year including an envisaged 43% cut to the 2020 budget of Ancine, Brazil’s huge film-TV agency and motor of movie funding, which is already grinding almost to a halt. Producers are still waiting to receive approved incentives. […]
Tags: Finance, Brazil, Ancine, André Sturm, Berlinale 2020, Ancine Brazil

Fed cautiously optimistic on economy despite new risks, minutes show

The readout on Wednesday of the policy discussion, at which policymakers unanimously voted to keep interest rates unchanged in a target range of between 1.50% and 1.75%.
Tags: Finance, Article, Fed, Reuters, FBN, Fbn/markets, Fox-business/politics/the-fed, 47326d23-e3cc-51e0-b0d7-bf3e14912b6c

What started the US and China trade war?

The roots of President Trump's trade war with China can be traced to his 2016 presidential campaign.
Tags: Finance, China, US, Article, Trump, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/china, Fox-business/politics/trade-war, Evie Fordham, 89a5b343-5ca9-551f-93ab-79120b8d1843

HSBC Doesn’t Need One In Seven Of You, Especially If You Work In London Or The U.S.

If you’re not an HSBC employee currently worried about coronavirus, you should be worried about your job.
Tags: London, Law, Finance, Hsbc

How to start a hedge fund from scratch

Josh here – Dan McMurtrie and his partners founded Tyro Partners, a New York City-based hedge fund, at a time when hedge fund closings are much more common than emerging fund launches. Dan lists some of the most important things he’s figured out on his journey. He also talks about how one of the most under-appreciated sources of alpha is being nice to people. Click over to leave a comment or subscribe!  ...The post How to start a hedge fund from scratch appeared first on The Reformed Broker. ...
Tags: Finance, New York City, Josh, Dan, Career/Lifestyle Advice, Dan McMurtrie, Tyro Partners

LendingClub and Radius Merger: First of Many Fintech + Bank Deals

First fintech acquisition of a U.S. bank will create a traditional banking structure but in an entirely digital way. Get set for more. The post LendingClub and Radius Merger: First of Many Fintech + Bank Deals appeared first on The Financial Brand.
Tags: Finance, LendingClub, Digital Banking Strategies, Innovation Strategies, Featured Content, Financial Brand Forum, Fintech Bank Deals

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