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Seven Ways Fixed-Income Investors Will Benefit from the Digital Revolution
At long last, fixed-income investing is entering the digital age—and investors should pay close attention to what their asset managers are doing to keep up. From better pricing to better solution design, the digital revolution that’s transforming the fixed-income management landscape can lead to a host of benefits. To grasp the performance gap between managers who upgrade their technology and
Hong Kong-Based Travel Booking Startup Just Raised $200M For Major U.S. and European Expansion
Klook, a Hong Kong-based travel booking platform announced that it has closed US$200 million in Series D funding, giving it $300 million in total financing and reportedly securing its place on the list of global unicorns. The funding round was led by Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital and TCV, an Asia-based sovereign wealth fund. Other investors include
Goldman Sachs: Bitcoin Prices Will Only Get Worse
Haven't Bitcoin investors suffered enough? After hitting its $20,000 high in December, things have gone pretty bad for the world's largest cryptocurrency, with its value now roughly a third of what it was at its peak in 2017. But according to Goldman Sachs' mid-year economic report, things are only going to get worse for Bitcoin. In fact, Goldman included Bitcoin
Chart: Here’s a Look at How the Crypto Job Market is Surging
As Bitcoin goes, so goes the rest of the cryptocurrency market. And no one needs to be reminded how things are going at the moment. Although cryptocurrencies are in a protracted slump across the board, the cryptocurrency job market is continuing to thrive. To see the pace at which it’s growing – and where the jobs are being added –
Ford Spins Off Autonomous Vehicle Company, Plans $4B Investment
Ford Motor Company (NYSE: F) is spinning off a separate company to accelerate its self-driving vehicle business, improve related operational fitness and drive profitable growth. What Happened Ford Autonomous Vehicles LLC will soon manage a five-year, $4-billion investment in AVs with a focus on self-driving systems integration, transportation-as-a-service development, fleet management, user experience and business strategy. “The closer alignment of
SEC Rejects Winklevoss Twins' Proposed Bitcoin ETF
The Securities and Exchange Commission announced on Thursday that it has rejected a proposal by Tyler and Cameron Winklevoss to create the first-ever Bitcoin ETF. This was the second attempt by the Winklevoss twins - founders of crypto exchange Gemini - to gain SEC approval for a Bitcoin ETF. After their application for the "Winklevoss Bitcoin Trust" was rejected last
Ex-Uber Execs Have Launched an 'Investor Syndicate' to Fund Startups From Uber Alum
Two former Uber executives have started an investor syndicate called Moving Capital that will invest in companies started by Uber alum, Axios reports. The private syndicate was launched by Josh Moherer, who will lead investments in New York City, and William Barnes, who will head operations on the West Coast, according to Axios. Moving Capital will operate via AngelList and
After Violence in India, WhatsApp Places Restrictions on Message Forwarding
WhatsApp is placing limits on the amount of content that users can forward after the Indian government blamed misinformation spread through the service for inciting mob violence that has left more than 20 people dead. The company, which is owned by Facebook, announced the changes in a blog post. "Today, we're launching a test to limit forwarding that will apply
Microsoft Prez Calls on Government to Regulate Facial Recognition Technology Following Public Backlash
Microsoft's president has called on the U.S. government to regulate the use of facial recognition technology, responding to the public backlash over its contract with the government to develop this controversial software. Brad Smith, Microsoft's president and chief legal officer, sought to balance the benefits and risks of computer-assisted facial recognition in a blog post published on Friday, noting that
iShares Enters Robotics ETF Fray
BlackRock, Inc.'s (NYSE: BLK) iShares unit, the world's largest issuer of exchange traded funds, entered the artificial intelligence and robotics arena Thursday with a new ETF. The iShares Robotics and Artificial Intelligence ETF (NYSE:IRBO) is the newest iShares ETF and the issuer's first focusing on the burgeoning AI and robotics investment themes. What Happened The AI and robotics ETF landscape