News 

Tourlane Raises $24 Million for Multi-Day Tour Booking: Travel Startup Funding This Week

“This week travel startups announced more than $104.6 million in venture capital funding” writes Dennis Schaal for skift.com. The startup’s total capital raised to date is now about $34 million (€30 million).This group has recently expanded with investments from Lakestar and Princeville Global, the company said. >>Tourlane, a multiday tour booking company, said it had raised a $24 million (€21.1 million) in a Series B investment round. Source: skift.com Share This:

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Lance Armstrong’s $100K Uber Investment Went Wild

“Armstrong, 47, tells CNBC that his $100,000 gamble in a venture capital fund back in 2009 has paid off with a number “too good to be true,” though he’s keeping quiet on the exact figure” writes Jenn Gidman for newser.com. It could have been devastatingly expensive, in fact, except for the one thing the elite cyclist says “saved our family”: an investment almost 10 years ago in a little company called Uber. Source: newser.com Share This:

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CEOs urge Congress to stop relying on federal agencies for rule-writing

“U.S. business leaders urged Congress on Thursday to reduce its reliance on federal agencies to set regulations” reports washingtonexaminer.com. The recent GOP-led tax law, meanwhile, put the onus on the Treasury Department to write guidance and regulations, some of which have yet to be finalized just months before the deadline for filing taxes.”When you take less of the profitability of companies and allow them to reinvest it, they invest it,” Stephenson said.AT&T, for example, is preparing to spend $24 billion next year on investments into its business, up from $23…

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Lance Armstrong says his investment in Uber ‘saved our family’

“At the time he invested in Sacca’s firm, Armstrong said, “I didn’t even know that he did Uber” writes Lauren Feiner for cnbc.com. In 2009, the former pro cyclist invested $100,000 in Chris Sacca’s nascent venture capital firm, Lowercase Capital.After Lance Armstrong’s fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in Uber. Source: cnbc.com Share This:

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Pharos Holding signs global agreement with Exotix Capital

“Pharos Holding for Financial Investments has signed a major agreement with Exotix Capital, the London-based global emerging markets (EMs) investment bank” writes Shaimaa Al-aees for dailynewsegypt.com. He pointed out that utilising the sophisticated Exotix technology would help Pharos Research to reach global clients.Pharos and Exotix signed a Chaperone agreement to trade with clients across the US and the Egyptian market in March.Pharos Holding’s COO, Angus Blair, said it is important that the agreement reaches a boarder range of clients internationally. “Following the positive working relationship between the teams of Pharos…

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Crypto Futures Markets News 

Crypto Exchange ErisX Gets Backing from Fidelity and Nasdaq Ventures

“ErisX, a Chicago-based derivatives exchange and clearing organization, has raised $27.5 million from investors, including Fidelity Investments and Nasdaq Ventures” writes Kuldeep Kaul for livebitcoinnews.com. The new platform offers fully regulated digital asset futures and spot contracts.The investment arms of the multinational financial services firm and the second largest stock exchange in the world have invested in the digital asset platform. Source: livebitcoinnews.com Share This:

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Alto raises $50 million to grow its online pharmacy across the U.S.

“Founded in 2015 after acquiring AG Pharmacy, a brick-and-mortar pharmacy which served San Francisco for more than 30 years, Alto Pharmacy is one of a number of online pharmacies to offer same-day prescription deliveries, in addition to related services such as medication management apps” writes Paul Sawers for venturebeat.com. With another $50 million in the bank, Alto said that it plans to double down on its U.S. expansion efforts, which will see it grow beyond San Francisco and Southern California.This capital will allow Alto to reach more patients across the…

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News Stocks 

Robert Ross: These niche stocks thrive amid rising rates and many yield 10%

“Unlike most traditional bank loans, BDC loans have a floating rate” writes Robert Ross for marketwatch.com. But rising interest rates are not bad for all stocks.The reason higher rates are good for BDCs is that it’s harder to secure conventional bank loans when rates are higher.In periods when interest rates are climbing, the return on the S&P 500 is almost half that figure.The reason is rising interest rates. Source: marketwatch.com Share This:

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Crypto News 

Singapore: State Agency Backs Blockchain Accelerator Launched by Venture Capital Firm

“PwC, whose venture branch has backed the blockchain accelerator in Singapore, is also actively exploring blockchain solutions” writes Ana Berman for cointelegraph.com. Singaporean governmental body Enterprise Singapore, along with other partners, has supported a new blockchain accelerator launched by a local venture capital firm, daily local newspaper The Straits Times writes Tuesday, Dec. 4.Ltd. recently invested in enterprise blockchain software firm and global banking consortium R3 as part of a collective $107 million Series A fundraising round last May. Source: cointelegraph.com Share This:

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