Category: Investing

WeWork is supposedly in talks with SoftBank about a $1 billion lifeline – Organisation Insider Nordic

Getty WeWork is in talks with SoftBank about a $1 billion lifeline after shelving its IPO this month, according to the Financial Times. SoftBank, which has plowed more than $9 billion into the shared workspace group, is considering investing the extra funds on top of $1.5 billion it has already committed. WeWork shelved its IPO…

An alliance of major investors overseeing $2.4 trillion has committed to making portfolios entirely carbon-neutral by 2050

Reuters A group of pension funds and insurers responsible for $2.4 trillion in investments committed on Monday to making their portfolios carbon-neutral by 2050.  The group, called the United Nations-convened Net-Zero Asset Owner Alliance, was organized by the UN and coincides with its Climate Action Summit.  A number of companies have made environmental pledges recently,…

Want to crush competitors? Forget SoftBank, Blackstone suggests; it can write $500 million checks, too

Back in January, Blackstone — the investment firm whose assets under management surpassed a jaw-dropping half a trillion dollars earlier this year — quietly began piecing together a new, growth equity platform called Blackstone Growth, or BXG. Step one was hiring away Jon Korngold from General Atlantic, where he’d spent the previous 18 years, including…

The Dow plunges more than 500 points as weak economic data reignites recession fears

Stocks plunged on Wednesday as new economic data on hiring and manufacturing sparked concerns that the US economy could be headed for a slowdown. The ADP Research Institute said private employers added 135,000 jobs in September, falling below the 140,000 forecasted by economists surveyed by Bloomberg. The weak hiring data came on the back of…

Impeach Trump? It’s better to impeach these investing ideas

This website is, to a large degree, about impeachment — about impeaching bad ideas from the worlds of finance and economics. So here are some impeachable ideas I’ve been thinking about lately: 1. Market-cap-weighted index funds are “immoral.” What? Here’s an article on MarketWatch where someone who runs a “socially responsible investment” firm says that…

Activists sail to Chile from Amsterdam, following Greta Thunberg’s footsteps

An activist works on the sailboat before departing for COP25. Image: Romy Arroyo Fernandez/Getty Images By Siobhan Neela-Stock2019-10-03 17:25:55 UTC Greta Thunberg inspired a wave of strikes against climate change and now, other activists are following the Swedish teenager’s lead and ditching planes. A group of environmental activists, students, and entrepreneurs is sailing to Chile…

Investing for the Elite

Where Wealthy Families Are Invested Source: Institutional Investor The chart above is utterly fascinating: It is based on a survey commissioned by UBS Group of family offices globally. These ultra-wealthy families accidentally revealed a mindset that seems to be counter-productive. It goes something like this: “We’re special, and we prefer a more ‘sophisticated’ form of…

Leading VCs in Edtech, Dropbox, first mover benefit, India’s Netflix, scooters, and more

Editor’s Note This week, we hosted 23 panels on all aspects of building startups on the Extra Crunch stage at TechCrunch Disrupt SF. Thanks to the thousands of attendees who attended those talks, as well as the workshops we held on the Breakout Stage — your enthusiasm was palpable. We also had hundreds of new…

The ‘Warren Buffett of bonds’ tells us why he’s ‘obsessed’ with climate change investing — and where he sees the biggest opportunities

Dan Fuss, the vice chairman of Loomis Sayles and the lead portfolio manager of its flagship bond fund, is preoccupied with climate-change solutions, in addition to delivering market-beating returns.   In an exclusive interview with Business Insider, he discussed his concerns about the climate and shared his recommendations to investors who want to profit from the…

Uber Incubator releases to develop new items and services

Uber today announced Uber Incubator, an initiative open to both Uber employees and those outside the Uber organization to develop products and services on top of Uber’s platform. “Our process follows lean startup methodologies,” Uber wrote in a blog post. “We provide support and resources to teams with a compelling opportunity, so they can rapidly…