Australian venture capital firm Flying Fox Ventures is focusing on decidedly unsexy startups, its partners say, as local investors modify their strategies in the wake of the tech downturn over the past 18 months. Flying Fox led a $1.4 million ($750,000) investment round in British accounting startup Mayday, which founder Rachael Neumann says is part …
Source: Blossom Social Blossom is a social investing platform for new investors For someone under 30, Maxwell Nicholson has already lived a surprising number of lives. At the age of 13, he opened a cupcake shop in his hometown of Grand Forks, receiving media attention and acclaim. He later attended the University of Victoria, where …
Layr, part of the insurance technology or insurtech companies segment, helps independent, private insurance agencies and brokers automate and digitize property, liability and casualty insurance for small businesses. Layr does not offer employee benefits insurance or personal lines such as homeowners or car insurance. This investment round was led by San Francisco-based Cota Capital, with …
Big tech earnings aren’t providing a clear story at a time when the stock market needs it. A look at Microsoft’s results tells an investor that business-to-business spending may be on the rise again, with declines in cloud spending bottoming out. Google’s launch peak tells this investor the opposite. The result is a feeling familiar …
Published: October 25, 2023 at 16:58 ET Alphabet Inc.’s Wednesday stock sell-off. caused the fifth-largest one-day decline in market value of any U.S. company in history. Alphabets GOOG GOOGL shares fell 9.5% on Wednesday’s action, according to Dow Jones Market Data, wiping $166.64 billion in market value from Google’s parent company. The decline in market …
Every weekday, CNBC Investing Club with Jim Cramer hosts a live morning broadcast at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. US stocks rose on Tuesday, with the S&P 500 index rising 0.82% on better-than-expected earnings reports from aerospace companies such as General Electric (GE) and RTX Corp. (RTX). “The revenge …
Published: October 23, 2023 at 14:32 ET BlackRock strategists aren’t holding their breath for U.S. companies to finally turn positive in the third quarter. While many investors had hoped that the S&P 500 SPX would finally break its streak of negative quarters and post slightly positive earnings growth in the third quarter, a team of …
A reporter from the Daily Caller News Foundation discussed venture capital (VC) companies participating in competitions for entrepreneurs supported by the Chinese government, which are part of Beijing’s “technology transfer” strategy. DCNF investigative reporter Philip Lenczycki described how five VC firms participated in the CCP’s “Thousand Talents” program during his appearance at Bannon’s War Room. …