This week travel startups GuestReady Group, Duffel, MagicStay, and Fairjungle announced more than $32 million in funding. -Sean O'Neill.
Preparing For Dollar Doomsday? Russia Adds 6 More Tons Of Gold To Its Coffers In May -- Puppet Masters -
The Central Bank of Russia (CBR) has purchased 200,000 troy ounces (6 tons) of gold in May, boosting bullion reserves to 2,190 tons. Russia increased its gold reserves by 0.3 percent in one month from May 1 to June 1, the central bank reported on Thursday. In May, the regulator held some 2,183 tons of the precious metal. Moscow has been actively beefing up bullion reserves in order to reduce reliance on the US dollar and to diversify its foreign exchange reserves.
The U.S. will need 1.5 million new nurses by 2026 to provide care for retiring baby boomers. Despite this looming public health crisis, philanthropy has been largely tuned out. Can a recent big gift out of D.C. help change the narrative?
A parade of initial public offerings from Silicon Valley this year have garnered mixed receptions from investors. Slack Technologies Inc. took a different route on Thursday, and saw its shares soar... To view the full story, click the title link.
Private-equity firm Warburg Pincus is buying Summit Medical Group, a doctor-owned multi-specialty practice based in New Jersey. It plans to merge the practice with New York-based urgent-care company CityMD, in which it already owns a majority stake. Healthcare companies such as UnitedHealth Group and CVS Health are using deals to create new ways of delivering healthcare. Click here for more BI Prime stories.
The Young Turks will only take ads from brands that align with its values, perhaps a unique stand among online media companies scrambling for revenue. It comes as a group of sites from across the political spectrum announce a new ad-sales alliance.
Investor purchases of U.S. homes reach an all-time high, pushing out millennials and other first-time buyers, reports the Wall Street Journal. The competitive grocery market causes Kroger to under perform, according to Bloomberg. These are among today's must reads from around the commercial real estate industry.
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow. : (Reuters) - Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow. * Indigo Partners, the private equity firm of veteran low-cost airline investor Bill Franke, agrees to buy 32 A321XLRs worth an estimated $4.5 billion, and convert 18 more A320 family orders to the new aircraft. * Accipiter Holdings purchases 20 A320neos worth $2.2 billion at list prices.
* Nationalist election victories imperil civil society funding. : BERLIN (Reuters) - George Soros's Open Society Foundations, best known for funding civil rights activists across Eastern Europe and the developing world, are increasingly turning their attention to affluent western Europe in response to the rise of the far right there. Officials at the hedge fund magnate and philanthropist's charity, which disburses around a billion dollars a year, said the nationalist right's recent electoral successes were triggering the same contraction in the space for independent activism that had earlier been seen in Eastern Europe.
Brex CEO says at Fortune's Brainstorm Finance Conference. : But the company, which issues corporate credit cards for tech companies, is still making contingency plans for one, CEO and co-founder Henrique Dubugras said Thursday at the Fortune Brainstorm Finance conference in Montauk, N.Y. "You can do a few things to prepare. First thing is raising a lot of funding. We're trying to do that part now, and set that aside for a rainy day so in the worst case scenario, you have enough money to pay back everyone," Dubugras said, noting that Brex has raised about $315 million.