The National Rifle Association (NRA) raised more money in August 2020 than during any month of 2016. Fox News reports that the NRA’s Political Victory Fund raised $1,725,700 million in August 2020 alone, which is roughly $300,000 more than it raised in August 2016. Moreover, the $1,725,700 million raised in August 2020 is $240,000 higher…
‘I think that if you want to start a company, corona doesn’t change that’ APX is an early-stage accelerator in Berlin, but it’s not quite your average accelerator — it’s essentially a joint venture between giant European publishing house Axel Springer and Porsche, the German automaker. Earlier this month, we sat down with APX managing…
As protests continue across the U.S. and beyond, there has been chatter this week in Silicon Valley and the venture industry more broadly about race and which venture firms have done a better job of diversifying their ranks and founder bets. There have been mea culpas, promises by firms to hold themselves more accountable, vows…
Institutional investors are taking up massive short positions in the S&P 500 Index, a sign that the latest relief rally is unsustainable, according to Bank of America. The S&P 500 Index closed above 3,000 on Wednesday for the first time since early March. Despite Bank of America’s bearish call, its CEO believes the U.S. economy…
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…
