Finance/Venture

Coinbase Reports Impressive Q1 Revenue of Above $1 Billion Following Bitcoin Rally

Coinbase announced a better-than-expected revenue in its first-quarter earnings report on Thursday after a bitcoin rally led to a surge in profit.


Goldman Sachs Removes Bonus Cap for UK Bankers

After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers...

Trump Media CEO Calls for GOP Investigation Into Potential Short Selling by Eight Financial Firms

Nunes demands a GOP-led probe into short-selling by eight firms affecting DJT stock. DJT shares fluctuate; short sellers face steep costs, deterring professional managers...

Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services

Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering...


Latest News

Egyptian Billionaire Naguib Sawiris Will Finalize Acquisition of CI Capital Holding by the End of March
The acquisition will create a second largest investment bank in Egypt. Sawiris acquired CI Capital Holding with its investment arm, Orascom Telecom Media and Technology.
Chinese Venture Capital Firm Pando Group is Investing $2 Million in Israeli Fintech Hub The Floor
Israeli fintech hub initiative is receiving $2 million investments from Chinese venture capital firm Pando Group. The partnership is expected to build the bridge between Israel companies and the Asian
AC Milan Needs New Investment After Losing $100 Million in 2014-2015
The former European football giant in the 1990's are facing a financial strain. After a huge financial loss, AC Milan badly needs new investment.
Snapchat Raised a New Funding Round, But Valuation Remain Unchanged
Fidelity Investments lead a $175 million investment in Series F funding for Snapchat. However, it does not change Snapchat valuation at $16 billion.
Citigroup in negotiation to appoint Armando Diaz as leader of global capital equities trading business
Citigroup is reportedly in negotiation to appoint Armando Diaz as the global leader of capital equities trading. These appointments signify the bank's effort to construct a robust stock offering busin
China Will Relax Measures on Foreign Investment in High Tech and Green Industry
China will lower threshold for foreign investment and advance the revision on relevant regulation. China targets to attract more foreign investment in the country.
Billionnaire Investor Carl Icahn Posted His Worst Loss Since 2008
Activist investor Carl Icahn on Monday reported a loss of $1.7 billion investment in 2015. This was a 18% down from previous year.
S&P 500 Began to Recover After Sliding on Monday
S&P 500 index began this week by slide below closely watched threshold. However, on Wednesday as Asian stock continued raising for third consecutive day, indexes began to recover.
Fidelity Wrote Down Canadian Unicorn Hootsuite and Other Tech Startups
Fidelity Investment wrote down many of tech startups in its January valuation report. Canadian startup darling Hootsuite Media Inc. was among the list.
Foresters to acquire ACM and AFM from Proj Fox Acquisition
Foresters and Proj Fox Acquisition have signed a deal on February 29, 2016, whereby, Foresters will indirectly buy both Aegon Fund Management (AFM) and Aegon Capital Management (ACM).
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