There’s a wide divergence between how consumers feel about the economy and the stock market. As Americans grow more fearful about the economy, they’re expressing even more confidence in the stock market. Does this mean the “FOMO rally” that fueled the Dow Jones recovery is about to come to an end? The stock market is…
On Thursday’s broadcast of CBS’ “Late Show,” House Speaker Nancy Pelosi (D-CA) stated that Democrats hope to get more funding for voting by mail into the coronavirus funding bill, and that Democrats want at least $2 billion “to protect the integrity of our election-critical infrastructure as well as to promote voting by mail.” Pelosi said,…
Azimo, the London-headquartered international money transfer service, has partnered with Thailand’s Siam Commercial Bank (SCB) to deliver instant payments for its customers from Europe to SCB bank accounts in Thailand. According to the World Bank, Thailand is one of the top remittance destinations globally, with $6.7 billion received from abroad each year, and Azimo says…
There have been reports of people rushing to withdraw cash sums from their bank account in light of the coronavirus pandemic sweeping the world. The FDIC is stressing to citizens that the safest place for their money is their bank. If the coronavirus spreads to such an extent that people aren’t able to carry out…
In Part 6 of our multiverse series, we discuss the business opportunities and compliance challenges of virtual economies Fictional portrayals of virtual worlds such as “Ready Player One” and “The Matrix” typically portray the physical and virtual worlds as distinct realms siloed from each other. Characters escape a dystopian, impoverished physical realm and enter a…
Stocks of Microsoft, Intel and Amazon record fresh all-time highs after crushing Wall Street earnings estimates. The heavy volume surge that accompanied the rally may indicate a blow-off top. If my read is correct, we could see a wider and deeper correction for the stock market. Last week, many tech stocks jumped in value after…
Following our look at why so many startups are building OKR-focused software and why venture capitalists are pouring capital into their efforts, today we’re asking a similar question about insurance marketplace startups. This month, Insurify raised a $23 million Series A that TechCrunch covered here. And even more recently, Gabi, a competitor, raised $27 million.…
There are several theories that can explain the current bitcoin pump. The revelation that Grayscale raked in close to $200 million in Q4 investments may explain why the cryptocurrency bottomed out in December. New investments must keep flowing in or there’s a chance that BTC drops all the way down to $5,000. Bitcoin recorded another…
According to analysts, you can get control of your finances with a purposeful budget that focuses on eliminating debt. Invest as much as possible in a diversified portfolio. Shop around to know your worth and discuss a pay raise with your superiors. When it comes to achieving financial independence, most agree that taking small, measured…
David Teten is an advisor to emerging investment managers and a Venture Partner with HOF Capital. He was previously a partner for 8 years with HOF Capital and ff Venture Capital. David writes regularly at teten.com and @dteten. More posts by this contributor Congratulations; you’ve decided to launch a technology-enabled startup with a positive social…
