Tag Archives: Investor

Mathpresso, the Seoul-based edtech company behind QANDA, an AI-based learning app for K-12 students, announced today it has added Google as a new investor. Google’s undisclosed investment is not part of its Series C raised in June, the company said without providing its valuation. The additional investment event comes five months after its $50 million Series C, which brought its total funding to $105 million as of June. The company’s previous backers include… Source link

Legendary investor Jeremy Grantham says US stocks are in a ‘magnificent bubble’ even crazier than in 1929 — here are 3 of his safe haven selections Jeremy Grantham, legendary investor and a pioneer of index fund investing, has added his voice to the chorus of financial wizards who expect today’s runaway stock market to soon hit the wall. Grantham recently told CNBC that equities in the U.S. are in a “magnificent bubble,” larger even than those in 1929 and 2000, which kicked off the… Source link

The hot demand for investment securities linked to bitcoin does not appear to be moving the U.S. Securities and Exchange Commission’s stance toward other products more directly linked to the cryptocurrency. SEC Chair Gary Gensler said he still has concerns about investor protection in the $2.5 trillion market for crypto assets. “Investors aren’t protected the way they are, whether they go into the stock or bonds markets that we’ve overseen so long,” said Gensler at Yahoo Finance’s… Source link

(Updates closing prices, adds sector and volume details)    * Healthcare sector gains with earnings boost from Anthem, Abbott    * Verizon up on customer growth,    * IBM falls sharply in late trade after revenue miss    * Dow up 0.43%, S&P up 0.37%, Nasdaq down 0.05%    By Devik Jain, Shreyashi Sanyal and Sinéad Carew    Oct 20 (Reuters) – The S&P 500 and the Dow climbed on Wednesday with the Dow hitting an intraday record high as investors eyed better than expected… Source link

Stock futures opened little changed on Monday evening, as investors awaited a slew of new earnings results to determine the impact of ongoing supply chain concerns and rising costs on corporate America.  A number of major companies are set to report earnings results Tuesday morning, including consumer giants Procter & Gamble (PG) and Johnson & Johnson (JNJ) before market open, and Netflix (NFLX) and United Airlines (UAL) after market close.  The latest quarterly results, guidance and executive… Source link

For investing pioneer Alec Gores — who has made his name in recent years via very successful SPAC transactions with Hostess and Luminar — cutting a large check to help bring upstart electric vehicle maker Polestar public just makes good sense.  It simply checks all the boxes, Gores says. “We literally see so many deals. The first thing is we vet things out quickly. Then we have a lot of conversations around things we find. The art is to start with a great company with the potential to be… Source link

Seventeen-year-old Dylan Jin-Ngo became fascinated with the stock market when he was in sixth grade. Now the Huntington Beach teen spends much of his free time teaching other kids about markets.  “Being able to invest without my age being a barrier was something so unique,” Dylan told Yahoo Finance about his motivation. “I learned on my own for the past 3 or 4 years, and I became the youngest certified mutual fund counselor in the nation in 2020.” Dylan spearheads a literacy program through… Source link

Hedge fund manager Mark Spitznagel, the founder of $11 billion “Black Swan” hedge fund Universa Investments, says investors have been getting risk mitigation wrong from the start. “Our goals are even wrong. And really, we have Modern Portfolio Theory to thank us for this. But it’s just kind of a heuristic of investing that you need to take more risk in order to get higher returns, in order to get more wealth at the end of the day. And as you take less risk, your returns are going to go down,”… Source link

A board member at VF Corporation reportedly calls Black Lives Matter “the true racists” in leaked emails. Brian van der Brug / Los Angeles Times via Getty Images A board member at VF Corporation reportedly called Black Lives Matter “the true racists.” “I don’t believe in Black Lives Matter,” Veronica Wu reportedly said in emails obtained by Axios. VF Corp is home to brands like Supreme, Vans, Timberland, Dickies, and The North Face. See more stories on Insider’s business page. A Silicon Valley… Source link

Calvey, the founder of Russia-focused private equity group Baring Vostok, was detained along with other executives in early 2019 on charges of embezzlement linked to mid-sized lender Vostochny. He and the executives deny the charges. “The court, unfortunately, didn’t or couldn’t understand substance of the case with no victim, no damage and no beneficiary,” Calvey told reporters outside the court after the more than 12-hour-long sitting was over. Calvey will not… Source link