Moody’s Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting as there is a “boatload of uncertainty” around the re...
Tag: Raise
Billionaire ‘Bond King’ Jeffrey Gundlach Expects Fed to Raise Rates Next Week — ‘That Would Be the Last Increase’ – Economics Bitcoin News
Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlac...
Republic First Shares Jump 10% on News of $125 Million Capital Raise
By John Jannarone Shares of Philadelphia-based regional bank Republic First Bancorp, Inc. (Nasdaq: FRBK) jumped as much as 10% Friday morning after the company announced it had agreed to a $125 millio...
US Fund & Venture Capital to Raise $100M for Two Blockchain Funds
1 A US-based digital asset fund and venture capital firm are teaming up to raise $100 million for two new blockchain-focused funds. 2 The funds will be used to invest in a range of blockchain-based te...
FDIC closes Silicon Valley Bank after bank fails to raise new capital
Regulators closed troubled Silicon Valley Bank after deposit outflows and a failed capital raise plunged the country’s 16th largest bank into crisis, roiling the larger lending industry. It beca...
Silicon Valley Bank in Talks to Sell Itself After Failed Capital Raise: Report
Silicon Valley Bank (SIVB) is reportedly seeking external acquisition after its efforts to raise over $2 billion in capital have failed. Shares in the bank were down 62% in pre-market trading on Frida...
Crypto projects raise $50M in funding in the last 24 hours
In a surprising turn of events, several crypto projects have managed to raise a whopping $50 million in funding in the last 24 hours. This comes despite the ongoing bear market in the crypto industry....
Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed, sources say
The Silicon Valley Bank mobile app logo on a smartphone arranged in Riga, Latvia, March 10, 2023. Andrey Rudakov | Bloomberg | Getty Images SVB Financial, parent of Silicon Valley Bank, is in talks t...
Biden budget proposes closing crypto loophole to raise $24 billion in new revenue
Tucked within President Biden’s budget is a proposal to change the tax treatment of cryptocurrency transactions that would eliminate investors’ ability to take advantage of losses to lower...
Levy On Crypto Transactions To Raise $24M In Biden’s Budget
Biden’s budget plans to lower drug prices, raise some business taxes, reduce fraud and cut wasteful spending. It will also propose changing the tax treatment of cryptocurrency transactions. Even thoug...
Former Jane Street, PIMCO traders raise $15M for ZK proof-of-solvency protocol
A team of former Jane Street and PIMCO traders have raised $15 million to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and other asset managers in the crypto spac...
Polychain Capital leads web3 dev tool provider Cubist’s $7 million raise
Cubist secured $7 million in a seed round for its project which aims to help make web3 development easier. The seed round is led by Polychain Capital and also sees participation from Dao5, Polyg...
How High Will Fed Raise Rates? Powell Fuels Fears Rates Could Hit 6%
Topline One day after Federal Reserve Chair Jerome Powell caught investors off guard by striking a more hawkish tone than expected, the central banker is set to give the U.S. House additional details ...
Tim Draper joins EtherMail’s advisory board, leads $4 million raise
Web3 email solution EtherMail received $4 million from veteran venture investor Tim Draper, well-known for backing household names, including Hotmail — the company EtherMail is trying to disrupt. ...
Rivian Stock Hits All-Time Low After Announcement Of Cash Raise
Images/LightRocket via Getty Images) LightRocket via Getty Images Key Takeaways Rivian stock was down 14.54% on the news that it would be issues convertible notes to raise an additional $1.3 billion i...
Biden Wants to Close Tax Loopholes and Raise Taxes on Rich People to Protect Medicare
biden medicare When he was running for president, Joe Biden was very clear that he was not Bernie Sanders – he wasn’t a socialist, and he didn’t believe the American economy and poli...
Ex-Riot Games Execs Raise $55M for New Studio, Say ‘No Fucking Thanks’ to NFTs
A pair of former executives from League of Legends maker Riot Games have raised $55 million in Series A funding for a new game studio called The Believer Company. But despite being backed by firms tha...
Rivian to raise $1.3 billion amid EV demand concerns
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters Rivian Automotive plans to raise $1.3 billion in cash via a sale of conve...
Immutable “Quietly” Looks to Raise Cash Following Job Cuts: Report
Australian startup Immutable, creator of Ethereum Layer-2 project ImmutableX, is reportedly trying to sell a certain amount of its IMX tokens to private investors via a related entity. Digital Worlds ...
Silvergate Insolvency Concerns Raise Hopium for Stablecoins
Stablecoin volume is rising as the latest crypto bank fallout – Silvergate – continues to worsen. Silvergate, the crypto-friendly bank, is facing a customer exodus and a steep decline in share price a...
US Banks Are Finally Being Forced to Raise Rates on Deposits
(Bloomberg) — US banks are being forced to do something they haven’t done for 15 years: fight for deposits. Most Read from Bloomberg After years of earning next to nothing, depositors are discov...
XRPL community remains divided on the proposal to raise transaction fees
The Ripple XRP community is engaged in a heated debate over a proposal to raise transaction fees on the XRP Ledger. Ripple CTO stated he did not want the network to lose its competitive advantage as a...
Ford to raise production as U.S. auto sales start to recover
Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S. sales in 2022. The automaker announced Friday tha...
Ex-Electronic Arts, Sony Game Developers Raise $13 Million For ‘Avalon’ Digital Universe
A group of video game industry veterans have teamed up to form Web3 gaming company Avalon Corp and have raised $13 million in funding in a round led by Bitkraft Ventures. Hashed, Delphi Digital, Mecha...
Stocks Poised For Losing February As Bank Of America Warns Fed Could Raise Rates To Nearly 6%
Topline Major stock indexes fell in February as Wall Street digested the latest round of corporate earnings and reacted to growing expectations the Federal Reserve may hike interest rates higher than ...
Celo Co-founder Among Trio Aiming for $100M ReFi Raise
A trio of cryptocurrency industry heavyweights are rolling out a new firm designed to derive alpha from the “regenerative finance revolution,” according to two sources familiar with the matter and mar...
BIG coin raise $30M in presale; while XRP & SOL token hoping for it
Big Eyes Coin: The alpha in crypto presales Since its launch last year, Big Eyes Coin (BIG), with its exciting and unique offers, has captured the attention of many meme-loving investors and has becom...
ConstitutionDAO members raise $2.8 million for multi-signature wallet Den
Multi-sig startup Den raised $2.8 million to build a wallet that will help dispersed teams and decentralized autonomous organizations (DAOs) easily and quickly execute transactions. The round, w...
Former Binance executive aims to raise $100M to start crypto adoption focused VC
Ad Bill Qian, the former head of venture capital investments and acquisitions at Binance Holdings Ltd., says he aims to raise over $100 million through a new crypto venture capital fund. Qian told Blo...
Oracle’s cloud strength, ‘resilient’ revenue, prompt analysts to raise targets
Oracle Corp.’s stock fell following the software giant’s fiscal third-quarter results released late Thursday, although analysts have highlighted strong momentum in the company’s cloud business. The co...