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What Would It Take For Jeff Bezos To Be A Positive Force In Climate Philanthropy? — Inside Philanthropy

There’s good reason to be apprehensive about Jeff Bezos’ $10 billion commitment to fighting climate change—and good reason to be hopeful, too. Here’s how the world’s richest person can truly rise to the challenge.
Read by 35% of LPs 2 hours, 22 minutes ago

Wildberries Founder Becomes Russia's Richest Woman

Tatyana Bakalchuk surpasses businesswoman Yelena Baturina, who had been at the top of the list since 2004.: For the first time in more than a decade, businesswoman Yelena Baturina is no longer Russia's wealthiest woman, Forbes Russia reported Thursday. That honor now goes to Tatyana Bakalchuk, 44, the founder and head of the private online clothing retailer Wildberries. Both Baturina and Bakalchuk cemented their status as Russia's only women billionaires last year. Forbes estimated Bakalchuk's net worth at $1.4 billion on Thursday, surpassing Baturina's $1.2 billion. Bakalchuk, a former English teacher, earned an extra $400 million last year, Forbes said.
Read by 50% of LPs 2 hours, 27 minutes ago

Democratic Debate Highlights: The 7 Biggest Moments From The Nevada Debate

Democratic presidential hopefuls Mike Bloomberg and Joe Biden are seen on screens in a media room during the ninth Democratic debate in Las Vegas, Nevada, on February 19, 2020. | Bridget Bennett/AFP via Getty Images Everybody piled on Mike Bloomberg, Pete Buttigieg went after Bernie Sanders, and much more. At the Democratic debate in Las Vegas, Nevada, Mike Bloomberg took a lot of heat, Elizabeth Warren looked feisty, and Bernie Sanders started to get the frontrunner treatment from his competitors.
Read by 45% of LPs 14 hours, 27 minutes ago

Fidelity, Interactive Brokers, Apex, Drivewealth On Fractional Shares

The rise of self-directed fractional-share trading is a product of the fiercely competitive, margin-pressured environment that startup and legacy brokerages alike are operating in today. Players like Robinhood, Fidelity, and Charles Schwab have raced to announce their own offerings -- marketed largely at customers still building up wealth -- in recent months, or have hinted at launches it in the press. At a moment when every last bell and whistle is a differentiator in a zero-commission moment, brokerages have been plowing resources into building out fractional-share trading.
Read by 50% of LPs 15 hours, 27 minutes ago

Care's Powerup Program Included In Macarthur Foundation's 100&change Competition - Press Releases On

The John D. and Catherine T. MacArthur Foundation today unveiled CARE's PowerUp program as one of the highest-scoring proposals, designated as the Top 100, in its 100&Change competition for a single $100 million grant to help solve one of the world's most critical social challenges. Progress toward gender equality remains painfully slow. Worldwide, it's estimated that one in three women will be sexually or physically abused in her lifetime. CARE's PowerUp program has the proven potential to change this.
Read by 64% of LPs 18 hours, 27 minutes ago

Fort Lauderdale Real Estate Company Sells Prime Las Vegas Strip Property For $21M

LAS VEGAS, Feb. 19, 2020 /PRNewswire/ -- Lily Funds, through its affiliated company New World LLC, has announced the successful sale of a 5.25-acre property along Las Vegas's "Resort Corridor." The sale of 5051 Las Vegas Blvd. for $21 million, to Shopoff Realty Investments and Contour Real Estate, closed Jan. 31. The buyers plan to develop a new 450-room hotel, to be branded and managed by the Dream Hotel Group. Both buyers are based in California.
Read by 45% of LPs 22 hours, 27 minutes ago

Blubracket Scores $6.5M Seed To Help Secure Code In Distributed Environments - Techcrunch

BluBracket, a new security startup from the folks who brought you Vera, came out of stealth today and announced a $6.5 million seed investment. Unusual Ventures led the round with participation by Point72 Ventures, SignalFire and Firebolt Ventures. The company was launched by Ajay Aurora and Prakash Linga, who until last year were CEO and [...]
Read by 32% of LPs February 19, 2020

Presidential Hopeful Bloomberg Proposes New Taxes, Protections To Rein In Wall Street

U.S. Democratic presidential candidate Michael Bloomberg on Tuesday outlined a sweeping financial services policy proposal to rein in Wall Street trading, boost consumer protections, increase Americans' access to banking services and crack down on financial crime.
Read by 39% of LPs February 19, 2020

Southwest Loophole: Savvy Travelers Profited From Airline's Repeated 737 Max Flight Changes

Southwest has had a more liberal flight change policy than competitors, enabling savvy travelers to benefit even if they weren't on a Max.
Read by 42% of LPs February 18, 2020

Pamlico Capital Closes $1.4B Fund V

CHARLOTTE, N.C., February 18, 2020-- Pamlico Capital ("Pamlico"), a leading, lower middle market private equity firm focused on growth-oriented businesses, today announced the first and final close of Pamlico Capital V ("PC V") at the fund's hard cap with total commitments of $1.4 billion. PC V was well oversubscribed with demand from existing and new investors significantly exceeding the original $1.25 billion target. Commitments to PC V came from a diverse group of global investors comprised of leading funds of funds, insurance companies, corporate and foreign pension funds, endowments, foundations and family offices.
Read by 80% of LPs