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Spiderman advises new fund
Venture Capital
Tobey Maguire is putting his Spidey sense to use, connecting his Hollywood buddies with a new venture capital fund. Joe Lonsdale, young tech giant and founder of the now closed Formation 8 fund, has grabbed Maguire as an advisor for his latest fund, reports the New York Post. The $50 million Eight Partners Fund 1 is investing in early-stage tech…
Daily Scan: Stocks rise; ISIS claims responsibility for Russian plane crash
Capital Markets
November 18, 2015 Stocks are up Wednesday, with the S&P 500 gaining 0.75% by midday. The Dow added more than 0.7% as well, and the Nasdaq was up nearly 0.9%. European bourses pared losses.  Airline stocks fell as terrorist threats continue to shake the sector: Two Air France planes were forced to divert flights Tuesday in response to bomb threats and in…
The note making waves today: Goldman adds Apple to 'Conviction Buy' list
Capital Markets
The share price of Apple Inc. (NASDAQ: AAPL) have appreciated 3 percent year-to-date, although the shares have been volatile all through the year. Goldman Sachs’ Simona Jankowski has maintained a Buy rating on the company, with a price target of $163. While adding the stock to Goldman Sachs’ Conviction Buy List, Jankowski mentioned that Apple was currently trading at a…
Video: Partners are key to going global for fintech startup
FinTech
<p>Hedgeable has opted for an open architecture so it can land almost anywhere in the world and set up to provide private wealth management services for millennials. In an interview with NexChange, Mike Kane, founder and "master sensei" at Hedgeable, says there are still two things fintechs need to move forward from there.</p>
Video: The two basic needs for a startup looking to launch overseas
Venture Capital
<p>Most startups don't know how to get started when it comes to expanding overseas, says Shayne Veramallay, venture pipeline manager for DLA Piper. In an interview with NexChange, Veramallay offers two suggestions.</p>
Daily Scan: Looming IPOs spook China investors; ongoing terror threats inspire caution
Capital Markets
Updated throughout the day November 18, 2015 Asian markets remained cautious today as the continuing terror crisis grips Europe. China investors are also worried that an upcoming backlog of initial public offerings could soon divert liquidity from the market. China’s Shanghai Composite index was down 1.01%, while Hong Kong’s Hang Seng index was down 0.34%. Japan's Nikkei 225, however, was&hellip;
Citigroup firing decision sets a precedent
Capital Markets
A former Citigroup currencies trader won his case for unfair dismissal on Tuesday. A London employment tribunal decided that Perry Stimpson was unfairly dismissed by the U.S. bank last year when it was mired in a forex scandal. Part of the tribunal's reasoning is peculiar: it seems to conclude that Stimpson shouldn't have been sacked because he was behaving no differently from his&hellip;
US Treasurys? Follow the money (out)
Capital Markets
There really is no need to agonize over those Delphic utterances by Fed officials. Investors paralyzed by trying to second-guess interest rate policy just have to follow the big money: "The top buyers of U.S. government debt are shedding their holdings at the fastest pace in months," reports The Wall Street Journal (paywall). "China, the largest foreign holder of U.S. Treasurys,&hellip;
The great global taxi war continues: India's Ola raises $500M
Venture Capital
All of over the world it seems taxi app unicorns are locking horns with Uber in a war for market share. The latest battleground: India. Ola -- a ride-sharing app behemoth that gobbled its rival TaxiForSure earlier this year -- says it has just closed a $500 million Series F (!) round of funding. The investor roster holds no surprises.&hellip;
Earnest raises $275M as VC cash floods to lending startups
FinTech
Lending startups seem to be latest obsession for venture capitalists on the hunt for fintech deals.  Two months after student loan company SoFi raised a staggering $1 billion from SoftBank Capital, a consortium of investors have channeled $275 million into lending company Earnest through a mix of debt of equity. Tech Crunch reports that Battery Ventures led the $75 million