Wall Street Insider January 19
Dear Readers,
This week's stories included lots of bank earnings (bottom line: bond trading slumped, but execs said the markets are improving). We broke down Wall Street's (skeptical) reaction to a $22 billion fin-tech megadeal. And we talked to a handful of tech bankers who sighed that although 2019 was supposed to be the year of the multi-billion IPO, it's turning into a 's---show' (their words).
Startups Weekly: Squad's Screen-shares And Slack's Swastika - Techcrunch
We're three weeks into January. We've recovered from our CES hangover and, hopefully, from the CES flu. We've started writing the correct year, 2019, not 2018. Venture capitalists have gone full steam ahead with fundraising efforts, several startups have closed multi-hundred million dollar rounds, a virtual influencer raised equity funding and yet, all anyone wants to talk [...]
The 5 Richest Men In The Us Are Worth $415B -- 2% Of The Us Gdp
The five richest men in the US are worth a combined $415.4 billion. Amazon CEO Jeff Bezos, the richest man in the world, is worth $135 billion. He's followed by Bill Gates, worth $92 billion, Warren Buffett at $81 billion, Mark Zuckerberg at $54.7 billion, and Larry Page at $52.7 billion. Their combined wealth equals more than 2% of the US GDP, which was $20.66 trillion in the third quarter of 2018. The richest men in the US are worth a mind-boggling combined wealth of $415.4 billion. And all but one of them made their fortunes in the tech industry.
Greenland Group, Oceanwide Named In Fbi Warrant In La
Four of the biggest Chinese investors in Los Angeles real estate have been named in an FBI investigation of possible bribery, kickbacks, extortion, and money laundering related to property deals in southern California's largest city, according to a document seen... Read More>> The post Greenland, Oceanwide and Hazens Named in FBI Probe of LA Real Estate Deals appeared first on Mingtiandi.
Rep. Haley Stevens Wants To Teach Congress About Autos
The former chief of staff for the auto rescue, now in Congress, hopes to bring lawmakers to SE Michigan next January to learn about the auto industry.
Trifecta Capital Makes Second Bet In Shuttl With $1.4 Mn Funding
Bus shuttle service startup Shuttl has raised $1.4 Mn (INR 10 Cr) in a Series B debenture round from its... The post Trifecta Capital Makes Second Bet In Shuttl With $1.4 Mn Funding appeared first on Inc42 Media.
Crude Oil Prices To Slowly Gather Pace On Improving Fundamentals
OPEC#39;s strong efforts is a strong positive for the oil prices to stabilize. Also, looking at efforts for resolution of US-China trade war, Nymex crude oil prices should be moving towards levels of $55-$57/bbl.
Ethiopia To Issue Bid For Solar Projects Costing About U.s.$800 Million
[ENA] Addis Ababa -International bid for the construction of six mega solar projects costing about 800 million USD is going to be issued soon, according to Ministry of Finance.
Lending Startup Loantap Raises $8 Mn From 3one4 Capital And Existing Investors
Pune-based online lending startup LoanTap has raised $8 Mn (INR 57.9 Cr) from a combination of debt and equity for... The post Lending Startup Loantap Raises $8 Mn From 3one4 Capital And Existing Investors appeared first on Inc42 Media.
Vietnam Mobile Wallet Momo Snaps Up New Funds
Momo, a Vietnam-based FinTech company that provides users with digital payment options, has reportedly received a very large Series C investment from American private equity firm Warburg Pincus. The exact size of the investment isn't being released, but Pham Thanh Duc, CEO of M-Service, which is Momo's parent company, said the amount sets a new [...]