Australian neobank Judo secures $247 million in Series B funding
Judo attracts massive funding as the neobank wave rises worldwide — but players shouldn't sacrifice regulatory obligations in search of rapid growth.
Oak HC/FT $800 million fund and what it wants to invest in
Oak HC/FT executives outlined five key areas across healthcare and financial technology that the firm is eyeing as it invests its third fund.
Bank of America is ending its joint venture with First Data in 2020
Bank of America and First Data's joint venture end is possibly the first of many changing partnerships due to consolidation in the payments space.
The body of India's missing 'coffee king' has been found
A fisherman found Coffee Day founder V.G. Siddhartha's body on Wednesday, two days after he told his driver he was going for a walk but didn't return.
Citigroup is reportedly cutting hundreds of jobs this year — another sign the slump in trading is here to stay
“This wont be the last trading-related job cuts story,” an analyst told Bloomberg.
Morgan Stanley launches digital vault for wealth management
Morgan Stanley launched a "digital vault" encrypted platform for its wealth management clients to more easily share financial documents.
Venmos payments volume is thriving, but its monetization efforts are still developing
Venmo's payments volume grew 70% YoY in Q2 2019, but its monetization efforts still have a way to go before PayPal can fully reap the benefits.
Morgan Stanley wealth management reports record high margins in Q2
Its wealth management division, among the world's largest, booked a record high pre-tax profit margin in the second quarter.
Experian is investing in Singaporean ride-hailing firm Grab
Grab has secured an undisclosed investment from the consumer credit reporting firm Experian as part of its ongoing Series H funding round.
Stocks are euphoric after the Fed hinted it could cut rates within weeks —and analysts are freaking out
"We can't believe we are talking about a rate cut as soon as July, as the economy is NOT in a recession," said one analyst.
Stock traders are holding tight in case the Fed 'spoils the party'
Stock markets are mostly flat before the Fed meets. Traders may "need to buckle up tightly and prepare for a potentially wild ride," said an analyst.
Global stocks are rallying as traders see Fed comments as 'central banks to the rescue'
Asian and European stocks and US futures climbed on Wednesday after Fed Chairman Jerome Powell hinted a rate cut could be coming.
The UK's best-known fund manager is blocking investors from withdrawing their money after catastrophic losses
Neil Woodford's flagship fund has shrunk by about 45% in the past year after 23 consecutive months of net withdrawals.
Prices in Venezuela rocketed 130,000% last year
Venezuela's central bank released its first inflation data since 2015, showing the dismal state of the economy. GDP fell at least 10% for 11 quarters.
Facebook and Winklevoss twins in talks for cryptocurrency project
The social network discussed its planned digital coin with the bitcoin billionaires.
Amazon's Deliveroo investment is a bad sign for Uber — shares of an Uber Eats rival are tanking
Amazon led a $575 million financing round into Deliveroo, Uber Eats' arch rival in the UK, and Just Eat's stock is falling.
Siemens stock is jumping after the industrials giant laid out plans to create a billion-dollar energy company
Siemens' stock rose 4.5% on its plans to combine its gas-and-power and renewable-energy businesses to create a separate, billion-dollar energy company.
Federal Reserve warns on risky corporate debt
A rapid rise in levels of risky corporate debt has emerged as a top vulnerability in the world's largest economy.
Warren Buffett recently invested in Amazon. It made him nearly $250 million before.
The legendary investor earned $246 million, a return of 84%, on a previous Amazon investment.
'Avengers: Endgame' is on track to generate more than $1 billion in profit for Disney
One analyst says "Avengers: Endgame" could rack up $3.15 billion in global box office and produce $1.2 billion in profit for Disney.
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