Posts filtered by tags: Economy[x]


 

Warung Pintar raises $27.5M to digitize Indonesia’s street vendors

The digital revolution in Indonesia, Southeast Asia’s largest economy, continues to attract big money from investors. Hot on the heels of a $50 million round for Bukalapak, a billion-dollar company helping street stall traders to tap the internet, so Warung Pintar, another startup helping digitize the country’s vendors, has pulled in $27.5 million for growth. Bukalapak is one of Indonesia’s largest e-commerce services and it began catering to local merchants, those who sell product via road-s...
Tags: Travel, Fundings & Exits, Asia, Yahoo, Indonesia, China, Southeast Asia, Funding, Marketing, Economy, United States, President, Jakarta, Online Marketplaces, Digital-garage, Jakarta Indonesia




Reserve your demo table today for the TechCrunch Winter Party at Galvanize

There are just three short weeks until Silicon Valley’s startup community takes a night off to relax, connect and get down at the 2nd Annual TechCrunch Winter Party at Galvanize. It’s not just an opportunity to have a great time — although you will. It’s also the chance for promising early-stage startups to strut their stuff. We have a handful of demo tables available, but they won’t last long. Why not book a demo table today? You never know who might attend the party and facilitate your big bre...
Tags: Food, TC, Business, San Francisco, Events, Blogs, Tech, Economy, Aol, Silicon Valley, TechCrunch, Michael Arrington, World Wide Web, Startup Company, Aaron Levie, Dylan Smith


Backing Culture Genesis, T.I. launches Tech Cypha, an investment syndicate for tech deals

With an inaugural investment into the Los Angeles-based entertainment startup Culture Genesis, Clifford Harris Jr., who’s better known as “T.I.”, has launched a new syndicated investment vehicle called Tech Cypha. Launched by the music and cultural impresario with more hustle than hustle and his business partner Jason Geter, the new collaborative investment strategy focused on tech startups will allow high net worth individuals to participate in deals. Live streaming studio, Culture Genesis, l...
Tags: Amazon, TC, Business, Entrepreneurship, Jay Z, La, Finance, Los Angeles, Entrepreneur, Tech, Atlanta, Economy, Nas, United States, Venture Capital, Private Equity


We were mall rats once, and young: The death of an American dream

The announcement that Macy's will close at Northgate and the demolition of the viaduct are signs of big changes in American life.
Tags: Business, News, Economy, Retail, Macy, Northgate


Indonesian e-commerce unicorn Bukalapak raises $50M

The chances are you may be familiar with Tokopedia, especially after it commanded a $7 billion valuation last November when it raised $1.1 billion from investors like Alibaba and SoftBank’s Vision Fund, but fewer people outside of Indonesia are aware of another sizable local online retail unicorn: Bukalapak. Smaller than Tokopedia in size, the company is valued at $1 billion — it became Indonesia’s fourth unicorn one year ago. The country, which is Southeast Asia’s largest economy and has a popu...
Tags: Fundings & Exits, Ecommerce, Asia, Indonesia, Southeast Asia, Softbank, Funding, Insurance, Tech, E-commerce, Economy, Alibaba, Alibaba Group, Ant Financial, Sequoia, Online Marketplaces


Southern California builders are cutting prices to move glut of unsold homes

Faced with the largest inventory of unsold finished homes in six years, Southern California’s homebuilders have resorted to price cutting. According to real estate watcher Zillow, 25.9 percent of new homes on the market in Los Angeles and Orange counties in the fourth quarter had price cuts — No. 17 of 34 major markets studied nationally. In 2018’s first quarter, 19.5 percent of homes were discounted. In Riverside and San Bernardino counties, 28 percent of new homes had price cuts — No. 11 natio...
Tags: Business, Real Estate, California, Housing, Los Angeles, San Francisco, Sport, Economy, Soccer, Orange, Zillow, Southern California, San Bernardino, Los Angeles County, Riverside, National Association of Home Builders


VC funding of cybersecurity companies hits record $5.3B in 2018

2018 wasn’t all bad. It turned out to be a record year for venture capital firms investing in cybersecurity companies. According to new data out by Strategic Cyber Ventures, a cybersecurity-focused investment firm with a portfolio of four cybersecurity companies, more than $5.3 billion was funneled into companies focused on protecting networks, systems and data across the world, despite fewer deals done during the year. That’s up from 20 percent — $4.4 billion — from 2017, and up from close to d...
Tags: Security, Europe, Technology, Maryland, California, Finance, China, Virginia, Funding, Tech, Economy, Cybercrime, United States, Washington Dc, Venture Capital, National Security


Nick Hanauer wants to stop the nation from ‘going to hell in a handbasket’

Nick Hanauer, who inherited money and then made an even bigger fortune by investing early in Amazon, is on a mission to redefine capitalism to benefit the middle class.
Tags: Amazon, Business, News, Life, Economy, Local Business, Nick Hanauer


Flutterwave and Visa launch African consumer payment service GetBarter

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Harley Davidson reveals more about its push into electric vehicles Venture capital, global expansion, blockchain and drones characterize African tech in 2018 Fintech startup Flutterwave has partnered with Visa to launch a consumer payment product for Africa called GetBarter. The app based o...
Tags: Apple, Android, Credit Cards, Facebook, Uber, Column, Money, Finance, New York City, Nigeria, Africa, San Francisco, Tech, Spokesperson, E-commerce, Ceo


California’s ranking falls to 19th best state to raise a family

California lost its Top 10 ranking as a place to raise a family in WalletHub‘s annual scorecard on child-rearing qualities. A year ago, California ranked 10th best. But this year the Golden State scored a No. 19 ranking — between Illinois and Virginia — in the 2019 edition of this family yardstick that the online financial website bases on “five key dimensions” derived from “49 relevant metrics.” The 2019 champ was Minnesota followed by Massachusetts — they were Nos. 1-2 a year ago, just in reve...
Tags: Business, New York, News, Minnesota, Mississippi, California, Washington, Virginia, Massachusetts, California News, West Virginia, Sport, Economy, Soccer, North Dakota, New Hampshire


Trump feels shutdown pressure from economists, Nancy Pelosi

By LISA MASCARO, CATHERINE LUCEY and JILL COLVIN WASHINGTON — Shutdown pressure on President Donald Trump mounted Wednesday as House Speaker Nancy Pelosi called on him to delay his State of the Union address and his own economists acknowledged the prolonged standoff was having a greater economic drag than previously thought. In a letter to Trump, Pelosi cited security concerns, noting that both Secret Service and the Department of Homeland Security are affected by the partial government shutdown...
Tags: Travel, Business, News, Congress, Washington, Mexico, Senate, White House, China, Immigration, Uncategorized, Sport, Economy, Ap, Soccer, South Dakota


The wall between our desire for cheap labor and a sane immigration policy

Before Donald Trump, government and business handled illegal immigration with a wink and a nod. But his wall won't stop the powerful forces behind the movement of people.
Tags: Business, News, Economy, Agriculture, Donald Trump


Instamojo raises $7M to help SMEs and ‘micro-entrepreneurs’ in India sell online

In India, startups are quietly building the tools and platforms to enable a different kind of gig economy: one that allows ‘micro-entrepreneurs’ to tap growing access to the internet to sell goods and services online. One such figure helping this burgeoning economy is Instamojo, a seven-year-old Bengaluru-based startup, has pulled in a $7 million Series B as it aims to grow its reach to over one million SMEs and micro-SMEs in India. Founded in 2012 as a side-project, Instamojo offers independ...
Tags: Fundings & Exits, TC, Facebook, Ecommerce, Asia, Southeast Asia, India, Funding, Africa, Tech, Economy, King, UPI, Bengaluru, Paytm, Kalaari Capital


Does Los Angeles County need 299 more hotels?

Los Angeles County’s lodging industry has plans to add 299 more hotels after 34 opened the past two years. The annual hotel construction report from Atlas Hospitality shows 11 hotels opened in 2018 in Los Angeles County vs. 23 in 2017 — down 52 percent. Last year’s openings had 1,526 rooms vs. 4,309 in ’17 — a drop of 65 percent. That decline seems to be a fast-growth industry taking a breather than any actual slowdown. Hotels under construction at year-end were 45 hotels vs. 32 in ’17 — a gain ...
Tags: Business, Real Estate, Sport, Economy, Things To Do, Soccer, Southern California, Los Angeles County, Top Stories LADN, Top Stories Breeze, Top Stories LBPT, Top Stories WDN, Top Stories SGVT, Top Stories PSN, Atlas Hospitality


American Express acquires Japan-based restaurant booking service Pocket Concierge

American Express has made an acquisition in Japan after it picked up restaurant booking service Pocket Concierge in an undisclosed deal. The acquisition was announced in Japanese and in English by James Riney, the head of 500 Startups Japan which invested in Pocket Concierge as one of its first deals in the country. The service was launched in 2013 to help book quality restaurants, including those that are Michelin-starred and others that have months-long waitlists for reservations. It curren...
Tags: Cake, Fundings & Exits, Asia, Chef, Japan, Money, Finance, Funding, Tech, Economy, American Express, Michelin, 500 Startups, Head, James Riney, Opentable


Big strikes, like Los Angeles teacher walkout, have become a rarity

Strikes — organized labor’s ultimate bargaining chip — have become a workplace relic. In the 30 years that have passed since Los Angeles teachers last walked off the job, work stoppages nationwide have fallen by two-thirds as union clout has nearly halved. I filled my trusty spreadsheet with U.S. jobs and pay data to show how major strikes — defined as involving 1,000 or more workers — have become a rarity, even if there’s been a mild uptick of late. Meanwhile, union memberships have tumbled in ...
Tags: Business, Jobs, Los Angeles, Reagan, Sport, Economy, Soccer, Ronald Reagan, Lausd, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze


Big strikes, like LAUSD teacher walkout, have become a rarity

Strikes — organized labor’s ultimate bargaining chip — have become a workplace relic. In the 30 years that have passed since Los Angeles teachers last walked off the job, work stoppages nationwide have fallen by two-thirds as union clout has nearly halved. I filled my trusty spreadsheet with U.S. jobs and pay data to show how major strikes — defined as involving 1,000 or more workers — have become a rarity, even if there’s been a mild uptick of late. Meanwhile, union memberships have tumbled in ...
Tags: Business, Jobs, Los Angeles, Reagan, Sport, Economy, Soccer, Ronald Reagan, Lausd, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF, Top Stories Sun, Top Stories Breeze


Does Southern California need 513 more hotels?

Michael Murphy shows off the 10th floor of a hotel tower under construction in April at Pechanga Resort & Casino. The 271-room Marriott Irvine Spectrum. It’s seen here under construction a year ago. (Photo by Leonard Ortiz, Orange County Register/SCNG) Sound The gallery will resume in seconds Construction of the Element by Westin hotel at 900 North Via Piemonte, near the Citizens Business Bank Arena, in Ontario, CA., Thursday, June 7, 2018. (Staff photo by Jennifer Cappuccio Mah...
Tags: Travel, Business, Real Estate, California, Sport, Economy, Atlas, Things To Do, Soccer, Tourism, Marriott, Southern California, Ontario, San Bernardino, Moreno Valley, Westin


Monday Memo: Seattle-area real-estate year-end review, big banks’ earnings reports

The business week ahead
Tags: Business, Real Estate, News, Markets, Economy, Seattle


As year of free credit-report monitoring from Equifax ends, here’s what to do

People who accepted Equifax’s monitoring offer after a data breach in 2017 have been notified that the free service, TrustedID Premier, will expire at the end of January.
Tags: Business, News, Economy, Equifax


After the bitcoin bust and a local bankruptcy, Douglas County doubles down on blockchain

Douglas County may have been burned by the cryptocurrency boom but it now wants to build a “blockchain innovation campus,” where researchers could develop new uses for the esoteric, computer-intensive technology—and, ideally, position this rural community for a share of industry when it arrives.
Tags: Business, News, Economy, Douglas County


U.S. restaurant prices jump the most since 2011

By Carmen Reinicke, Bloomberg It’s getting more expensive to eat out. Full-service restaurants, facing higher labor and food costs, raised prices the most in more than seven years in December, a Labor Department report released Friday shows. As grocery costs rise at a slower pace, that could push more U.S. consumers to eat at home, potentially shifting sales away from sit-down chains like Olive Garden and LongHorn Steakhouse, operated by parent company Darden Restaurants. The gap between how muc...
Tags: Business, News, Sport, Economy, Soccer, Darden Restaurants, Olive Garden, Bloomberg Intelligence, Labor Department, LongHorn Steakhouse, Darden, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF


Local inflation hits at 12-year high, widest gap with U.S. cost-of-living increases since 1980

Inflation in Los Angeles and Orange counties rose at its highest rate in 12 years as it outpaced national inflation by the widest gap in 38 years. According to my trusty spreadsheet, local consumer prices rose 3.8 percent last year vs. 2.8 percent in 2017, and it’s the fastest inflation pace since 2006. These price upswings are a bit startling, at least by CPI math, as local inflation averaged 1.3 percent between 2009 and 2016. That was the slowest pace of increase for the region’s cost-of-livin...
Tags: Business, California, Los Angeles, Sport, Economy, Soccer, Inflation, Southern California, San Bernardino, Riverside, Inland Empire, Riverside San Bernardino, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB


Government shutdown in Southern California: Workers, businesses prepare themselves for empty payday

When the partial government shutdown took effect just before Christmas, Mark Muñoz, father to seven daughters, braced for the worst. The 40-year-old Ontario resident, who works as a fire captain with the U.S. Forest Service, has weathered shutdowns before; he said he was always retroactively paid for wages lost. But there was never a guarantee. And there’s no guarantee now. “It brings an enormous amount of stress,” said Munoz, who works primarily in the San Bernardino National Forest but also re...
Tags: Business, California, Mexico, Sport, Economy, Nasa, Soccer, Jimmy Kimmel Live, Pasadena, Chatsworth, Donald Trump, Irs, Bay Area, Southern California, Ontario, Jpl


US recession risk hits 6-year high amid trade war, shutdown

By Katia Dmitrieva, Chibuike Oguh and Catarina Saraiva, Bloomberg Economists put the risk of a U.S. recession at the highest in more than six years amid mounting dangers from financial markets, a trade war with China and the federal-government shutdown. Analysts surveyed by Bloomberg over the past week see a median 25 percent chance of a slump in the next 12 months, up from 20 percent in the December survey. The Federal Reserve is now projected to keep interest rates steady in the first quarter,...
Tags: Business, News, China, US, Bloomberg, Sport, Economy, Soccer, Deutsche Bank, Federal Reserve, Disneyland, Donald Trump, Southern California, Macy, Kohl, Ryan


Rather than lure employers, some rural areas try to attract workers — one at a time

As fewer people are tethered to brick-and-mortar offices, state and local officials have recognized they can reap the benefits of workers’ spending and taxes no matter where their employers are based.
Tags: Business, News, Economy


From airlines to Buffett’s NetJets, impacts of shutdown spread through aviation

The economic impact of the partial U.S. government shutdown is rippling through the aviation industry, hitting companies as diverse as Berkshire Hathaway’s NetJets and aircraft manufacturers such as Airbus.
Tags: Business, News, Economy, Berkshire Hathaway, Buffett, NetJets, Nation & World Politics, Boeing & Aerospace


2019 will ‘be a good year,’ economist says

A government shutdown. A volatile stock market. A trade war with China. Rising interest rates and slowing economic growth. You might think this will all chill the economy in 2019. Think again, economist Christopher Thornberg told an audience of business leaders at an Irvine chamber of commerce breakfast Thursday, Jan. 10. “It’s going to be a good year,” the former UCLA professor of economics said. “Things are wonderful. You’re going to have a great 2019.” Once an apostle of doom who predicted th...
Tags: Business, California, Housing, Washington, China, General Motors, Sport, Economy, Canada, Soccer, Donald Trump, Ucla, Trump, Irvine, Europe Mexico, Christopher Thornberg


2019 will ‘will be a good year,’ economist says

A government shutdown. A volatile stock market. A trade war with China. Rising interest rates and slowing economic growth. You might think this will all chill the economy in 2019. Think again, economist Christopher Thornberg told an audience of business leaders at an Irvine chamber of commerce breakfast Thursday, Jan. 10. “It’s going to be a good year,” the former UCLA professor of economics said. “Things are wonderful. You’re going to have a great 2019.” Once an apostle of doom who predicted th...
Tags: Business, California, Housing, Washington, China, General Motors, Sport, Economy, Canada, Soccer, Donald Trump, Ucla, Trump, Irvine, Europe Mexico, Christopher Thornberg