Economy - Finance > Company

Buffett's firm has bought $2.1B of Bank of America stock

1 month ago   |   By Stl Today

OMAHA, Neb. - Warren Buffett's company has bought $2.1 billion of Bank of America stock over the past three weeks after the latest purchases of $340 million of shares.
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India's Byju's acquires WhiteHat Jr. for $300 million

India's Byju's acquires WhiteHat Jr. for $300 million

1 month ago   |   By Tech Crunch

Byju's has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country.
The all-cash deal makes 18-month-old Mumbai-headquartered WhiteHat Jr., which offers online coding classes to school-going students, the fastest exit story of this size in Indian startup ecosystem.
WhiteHat Jr., which had raised about $11 million from Omidyar Network and Nexus Venture Partners, has achieved a revenue run rate of $150 million.
“We started WhiteHat Jr. to make kids creators instead of consumers of technology,” said Karan...
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Buffett's firm has bought $2.1B of Bank of America stock

1 month ago   |   By Chron

OMAHA, Neb. - Warren Buffett's company has bought $2.1 billion of Bank of America stock over the past three weeks after the latest purchases of $340 million of shares.
Berkshire Hathaway Inc. said Tuesday it bought 13.6 million Bank of America shares between Friday and Tuesday. The Omaha, Nebraska-based conglomerate has been steadily adding to its stake in the bank since July 20, and Berkshire now holds more than 1 billion shares of Bank of America stock, which represents 11.9% of the bank's stock.
Before these latest purchases, Berkshire reported buying 71.5 million shares of Bank of...
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WeWork cofounder Adam Neumann is selling his San Francisco Bay Area compound for $27.5 million - look inside the 'Guitar House'

WeWork cofounder Adam Neumann is selling his San Francisco Bay Area compound for $27.5 million - look inside the 'Guitar House'

1 month ago   |   By Business Insider

WeWork cofounder Adam Neumann's San Francisco Bay Area home has officially hit the market for $27.5 million , Mansion Global reported.
The 10-acre compound includes a 10,000-square-foot main house, a separate guest house, a swimming pool, a greenhouse, gardens, a chicken coop, and solar and geothermal systems.
Neumann and his wife, Rebekah, have been trying to sell off millions of dollars of real estate in recent months after temporarily moving to Israel to escape media scrutiny.
The ousted WeWork CEO, who lost his billionaire status this spring, is now worth between $450 million and $750...
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PandaDoc announces second Series B extension worth $30M

1 month ago   |   By Tech Crunch

PandaDoc , the startup that provides a fully digital sales document workflow from proposal to electronic signature to collecting payment, announced a $30 million Series B extension today, making it the the second such extension the company has taken since taking its original $15 million Series B in 2017. The total for the three B investments is $50 million.
Company co-founder and CEO Mikita Mikado says that he took this approach, taking the original money in 2017, then $5 million last year along with the money announced today because it made more sense financially for the company than...
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The low-cost content strategy an entrepreneur used to flip his website into a $960 million exit in just 3 years

The low-cost content strategy an entrepreneur used to flip his website into a $960 million exit in just 3 years

1 month ago   |   By Business Insider

In 2011, entrepreneur David Karandish acquired Answers.com for $127 million. Three years later, he sold it for $960 million.
Karandish was an early adopter of extensive A/B testing, keyword targeting, and user-generated content.
By leveraging the nearly free content of a question-and-answer platform, Karandish built a lucrative advertising business with almost zero overhead.
No matter the size of your business, these tried-and-true content strategies can help entrepreneurs boost their online presence and grow their brand.
Visit Business Insider's homepage for more stories .
Last month...
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Roughly 5.4 million Americans will struggle to pay bills this month without the extra $600 weekly unemployment benefit, survey finds

Roughly 5.4 million Americans will struggle to pay bills this month without the extra $600 weekly unemployment benefit, survey finds

1 month ago   |   By Business Insider

Roughly 5.4 million Americans will struggle to pay bills this month without the extra $600 weekly unemployment benefit, according to a Wednesday survey from Morning Consult.
By September, 9.2 million Americans will face the same fate if additional stimulus isn't introduced, according to the study.
"As each month passes, it will become increasingly difficult for unemployed workers to use their savings to cover the shortfall in their finances," said Leer.
Visit Business Insider's homepage for more stories .
Without the additional $600 weekly unemployment benefit, which expired at the end of...
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Real Estate Startup Zibo Raises $10.5 Million, Unveils Banking And Rent Payment Platform For Small Landlords

1 month ago   |   By Forbes

Zibo, a banking and payment platform for independent landlords, announced today that it has raised $10.5 million in seed funding to help scale its one-stop-shop approach to financial management for residential rental properties.
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A beetle infestation killed hundreds of millions of trees. Here's how they can be made into affordable housing

1 month ago   |   By Fast Company

As many as 8.7 billion ash trees are threatened by an invasive beetle, rendering the wood largely useless. We used 3D design and robotic fabrication to transform the wood waste into a sustainable building material.
A large portion of North America's 8.7 billion ash trees are now infested by a beetle called the emerald ash borer.
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As e-commerce accelerates, fintech startups raised record $100M rounds in Q2

As e-commerce accelerates, fintech startups raised record $100M rounds in Q2

1 month ago   |   By Tech Crunch

Reading headlines here and there, one might assume that venture capital interest in fintech startups is setting records every quarter.
After all: didn't Robinhood raise $280 million and $320 million more this year? Stripe raised $600 million just a few minutes ago , and wasn't it Monzo that raised £60 million a few weeks back? Oh, and Hippo raised $150 million the other day.
And what about that huge Plaid exit earlier in the year and Chime's jillion dollars that came right before 2019 ended?
That's how it has felt to me, at least. And with good reason: new data from CB Insights indicates...
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Stix, offering D2C pregnancy and ovulation tests, raises $1.3 million in seed funding

1 month ago   |   By Tech Crunch

Stix, a direct-to-consumer women's health brand, today announced the close of a $1.3 million seed round. Investors such as BDMI, Rogue Women's Fund, Vamos Ventures, Founders Factory New York, as well as angels like Heidi Zak Laurence Franklin and Steve Gutentag and Demetri Karagas participated in the round.
There is no shortage of men's health startups out there to ease the awkwardness and stress of getting products for hair loss or erectile disfunction. But when it comes to something as common and straightforward as purchasing a pregnancy test, women must still make a run to the drug...
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Here's the pitch deck cloud startup Pricefx used to raise $65 million for an AI platform that helps businesses set prices faster and more precisely

Here's the pitch deck cloud startup Pricefx used to raise $65 million for an AI platform that helps businesses set prices faster and more precisely

1 month ago   |   By Business Insider

Pricefx CEO Marcin Cichion said the AI-powered platform saw a spike in demand for its technology which helps businesses set prices faster and with more precision due to the coronavirus crisis.
Two weeks ago, the startup, which is based in Chicago, Prague and Munich, raised $65 million from investors, including Apax Digital, boosting its total funding to $131 million.
"We're enabling people with our software to be reactive and to be proactive and really make sure that they can operate in this crazy environment that we have today," Cichon told Business Insider.
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Check out the pitch deck Israeli AI startup Zencity used to raise $13.5 million from TLV and Salesforce Ventures

Check out the pitch deck Israeli AI startup Zencity used to raise $13.5 million from TLV and Salesforce Ventures

1 month ago   |   By Business Insider

Tel Aviv-based AI startup Zencity has raised a $13.5 million Series A round from investors including TLV Partners and Salesforce Ventures.
Zencity's platform collects millions of data points generated by local residents, to help government agencies glean insights from previously unstructured data.
"Governments are overwhelmed right now with endless things to do to serve their communities in light of this crisis and leveraging AI to 'do more with less' is critical," Zencity CEO Eyal Feder-Levy told Business Insider. "Furthermore, the accelerated move to digital creates a host of...
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See the pitch deck that helped WorkPatterns raise $2.8 million in seed funding before the pandemic began, and predicted many challenges remote managers are now facing

See the pitch deck that helped WorkPatterns raise $2.8 million in seed funding before the pandemic began, and predicted many challenges remote managers are now facing

1 month ago   |   By Business Insider

WorkPatterns, a startup that offers software to standardize remote management strategies , raised $2.8 million in seed funding led by Javelin Venture Partners and Founders Fund.
WorkPatterns cofounder and CEO Adam Berke told Business Insider that he had seen the challenges new managers faced as startups grow from small teams to massive companies after his own experience as a founding employee of NextRoll .
The round closed prior to the remote work boom prompted by widespread shutdowns during the coronavirus pandemic, but new working conditions have helped WorkPatterns gain adoption that...
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We got an exclusive look at the pitch deck open-source platform Almanac used to raise $9 million in funding. The CEO breaks it down and gives his advice for entrepreneurs to perfect their pitch

We got an exclusive look at the pitch deck open-source platform Almanac used to raise $9 million in funding. The CEO breaks it down and gives his advice for entrepreneurs to perfect their pitch

1 month ago   |   By Business Insider

Open-source platform Almanac gave Business Insider an exclusive look at the pitch deck the startup used to raise $9 million in seed funding.
CEO and cofounder Adam Nathan estimated at least 70% of their pitches in this round were done over the phone or video conferencing.
Nathan said some of the biggest mistakes entrepreneurs make in their pitch decks is leading with their product and serving their own objectives, rather than focusing on investors.
He walked us through the pitch deck and gave his tips for a successful pitch.
Visit Business Insider's homepage for more stories .
Months...
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A tiny 3-inch smartphone the size of a credit card runs Android 10, and will only cost $200 - take a look

A tiny 3-inch smartphone the size of a credit card runs Android 10, and will only cost $200 - take a look

1 month ago   |   By Business Insider

Unihertz is releasing the Jelly 2, a 3-inch mini smartphone that runs Android 10.
The design raised more than $840,000, far over its $50,000 goal.
In 2017, Business Insider tested out the even tinier Jelly phone.
Visit Business Insider's homepage for more stories .
Smart phones have gotten huge, and not everyone is a fan. Some even say these large phones are sexist , too big to fit comfortably in many women's hands or pockets. Unihertz' latest Kickstarter creation might be the solution, with a tiny three inch smartphone that can run Android 10.
Unihertz released the first tiny smartphone...
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Zencity raises $13.5 million to help cities aggregate community feedback with AI and big data

Zencity raises $13.5 million to help cities aggregate community feedback with AI and big data

1 month ago   |   By Venture Beat

Zencity, a platform that meshes AI with big data to give municipalities insights into the concerns and opinions of locals, has raised $13.5 million.
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A Singaporean tech stock has skyrocketed a world-beating 1,100% since the start of 2019

A Singaporean tech stock has skyrocketed a world-beating 1,100% since the start of 2019

1 month ago   |   By Business Insider

Singaporean tech giant Sea's stock has ballooned more than 1,100% since the start of 2019.
The astounding gain has raised its market capitalization from about $5 billion to $64 billion.
Sea's stock has outperformed every other company worldwide with at least a $1 billion market capitalization over the past 18 months, according to Bloomberg .
Visit Business Insider's homepage for more stories .
A Singaporean tech stock has skyrocketed more than 1,100% since the start of 2019, boosting its market capitalization from about $5 billion to $64 billion.
Sea's NYSE-listed shares have ballooned...
Read more ...

 

A Singaporean tech stock has skyrocketed a world-beating 1,100% since the start of 2019

A Singaporean tech stock has skyrocketed a world-beating 1,100% since the start of 2019

1 month ago   |   By Business Insider

Singaporean tech giant Sea's stock has ballooned more than 1,100% since the start of 2019.
The astounding gain has raised its market capitalization from about $5 billion to $64 billion.
Sea's stock has outperformed every other company worldwide with at least a $1 billion market capitalization over the past 18 months, according to Bloomberg .
Visit Business Insider's homepage for more stories .
A Singaporean tech stock has skyrocketed more than 1,100% since the start of 2019, boosting its market capitalization from about $5 billion to $64 billion.
Sea's NYSE-listed shares have ballooned...
Read more ...

 

We got an exclusive look at the presentation that wellness startup B Great is using to raise $2.5 million to chase down the $2 billion CBD market

We got an exclusive look at the presentation that wellness startup B Great is using to raise $2.5 million to chase down the $2 billion CBD market

1 month ago   |   By Business Insider

Barbara Goodstein, the founder of CBD startup B Great, shared the pitch deck she's using to raise $2.5 million.
She's closed on $1.5 million in equity financing already, and she's looking to raise another $1 million in convertible notes. She told Business Insider she's closed on $450,000 of that already.
Analysts expect the consumer CBD space to become a $2 billion opportunity in just two years.
For more stories like this, sign up for our Cultivated newsletter .
From cupcakes to beauty products, CBD is showing up everywhere you look.
Touted for myriad health and wellness benefits, the...
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A 'disturbing new all-time low' in the market just flew under the radar as...

A 'disturbing new all-time low' in the market just flew under the radar as stocks hit record highs - and one Wall Street expert warns it implies years of bleak returns for young investors

Summary List Placement In late August, as stocks were carving out fresh all-time highs, many investors were cheering the market's resiliency. After all, it's not every day that... Read more ...

5 ways investors should position their portfolios for the coming months...

5 ways investors should position their portfolios for the coming months, according to the world's largest wealth manager

Summary List Placement Mark Haefele - chief investment officer at UBS Wealth Management, which oversees $1.4 trillion in assets - highlighted five ways investors can position... Read more ...

Two sneaker resellers with sales of $100,000 so far this year explain the...

Two sneaker resellers with sales of $100,000 so far this year explain the formula they swear by to predict which sneakers will become hyped and which will not be worth the investment

Summary List Placement It's not always obvious which sneakers will become iconic. But for Jose Ontiveros and Daniel Perez, there's a fail-proof method that they say can predict... Read more ...

Economy now more important than military expenses, Russia's budget plans show

Economy now more important than military expenses, Russia's budget plans show

Russia is set to cut military spending next year in favor of boosting the national economy, marking the first time in seven years the two areas have traded places in the... Read more ...

How one of the brightest stars in real estate tech pivoted to become a...

How one of the brightest stars in real estate tech pivoted to become a partner at a $2 billion VC firm - and what her daily routine looks like

Summary List Placement Maureen Waters has been a major player at the intersection of tech and real estate for years. After working at Cushman & Wakefield for 15 years, she went... Read more ...

The stock market will become disconnected from the economy in 2021 as...

The stock market will become disconnected from the economy in 2021 as companies expand layoffs, money manager says

Summary List Placement The stock market will become disconnected from the economy in 2021, as a lot of layoffs become permanent, a money manager said. RiverFront Investment... Read more ...

The X1 credit card is targeting younger cardholders with a different...

The X1 credit card is targeting younger cardholders with a different approach to credit limits - and the waitlist has already passed 75,000 sign-ups

Summary List Placement Usually new credit cards come from the same handful of major banks, but this latest announcement is from a startup founded by Twitter alums, with backing... Read more ...

The Fed's money-pumping efforts are driving a new economic cycle that's...

The Fed's money-pumping efforts are driving a new economic cycle that's reminiscent of 2009, Canaccord Genuity says

Summary List Placement The Federal Reserve's liquidity-boosting measures place the economy on track for a 2009-style upswing, Canaccord Genuity analysts said in a Thursday... Read more ...

Global investors ready to put $9.5 billion into Russia's Arctic LNG 2...

Global investors ready to put $9.5 billion into Russia's Arctic LNG 2 project - report

Russia's Arctic LNG 2 project is set to receive all the planned external financing, as foreign lenders have reportedly pledged to provide about $9.5 billion in financial... Read more ...

Global shares mixed amid worries on coronavirus, economy

Global shares mixed amid worries on coronavirus, economy

TOKYO - Global shares were mixed on Friday as investors weighed the uncertainties around global economic outlook and a new rise in coronavirus cases in many countries. Read more ...