Variable annuities (VAs), a widely criticized retirement savings product, is coming back thanks to President Donald Trump and his administration, which is gearing up to get rid of tough rules put in place by the Obama Administration. The Financial Times reported that VAs have faced many regulatory reforms...
Investing? In Uber, in Airbnb, in the big guns and the up-and-coming pistols of tech? That’s the arena in which those with the deepest pockets play, say some who stay on the sidelines. Venture capital is for the firms and the individuals with the wherewithal...
Rover, the world’s largest network of pet sitters and dog walkers, has announced that it secured $125 million in new capital. The funds and accounts were advised by T. Rowe Price, as well as the closing of a $30 million credit facility with Silicon Valley...
Uber, the ride-hailing company, plans to pour its profits into expanding its products and investing in technology in emerging markets. BGR, citing an email penned by Uber CEO Dara Khosrowshahi, reported the company will reinvest profits in emerging markets, including India, so it can beef...
Ride-hailing company Careem Networks FZ, which is an Uber competitor in the Middle East, could be on the cusp of raising $500 million from investors. Bloomberg reported that the Dubai-based startup is aiming to raise money ahead of a potential initial public offering (IPO). If completed, the...
Grocery delivery service Good Eggs is looking to make a comeback thanks to $50 million in new funding. The company, founded in 2011, previously raised $15 million in funding. But in 2015, Good Eggs had multiple rounds of layoffs, closed operations outside of San Francisco...
New Enterprise Associates, the Silicon Valley venture capital firm, is gearing up to sell a large number of its investments in startups. The Wall Street Journal, citing people familiar with the discussions, reported that with a lack of IPOs, New Enterprise Associates is looking to...
Paytm, the Indian-based digital payments company, is gearing up to invest Rs 5,000 crore during the next three years as it aims to expand the services provided via its mobile platform. BGR, citing Paytm, said the company is investing to enhance its bank transfers and...
Ant Financial is planning on raising $10 billion over the next couple of days, possibly bringing in the Carlyle Group and the Canada Pension Plan Investment Board as investors, which it will primarily use for expansion overseas. The Chinese payments company is reportedly worth around $150 billion in...
