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VC Bill Gurley says investing in health care is ‘extremely dangerous,’ but he’s doing it anyway

“I’ve been spending a lot of time looking at health care, and it’s extremely dangerous” writes David Paul Morris for cnbc.com. Nonetheless, technology companies are pouring more resources into health care and wellness products.Americans spend nearly 1 in 5 dollars on health care, the Brookings Institution estimates.The Apple Watch has been discussed as a tool for health insurance administration and Alphabet’s Verily is undertaking an exhaustive health-care study.Venture capitalist Bill Gurley says he recently made two health-care investments even though he says the sector is filled with perils. Source: cnbc.com Share…

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Every successful investor has a ‘comfort spectrum’ — here’s how to find yours

“If you don’t think you’ve found your comfort zone yet, please find a financial professional you trust and have them help you with finding the right investments that fit into your comfort zone” writes Don Anders for businessinsider.com. Every day, we make financial decisions to give us a level of comfort: air conditioning, vehicles, food, drinks, home improvements, travel — all are to provide some sort of additional comfort.Many financial professionals and investors purely look at the “best investment” when making recommendations, but sometimes people want the most comfortable investment. Source: businessinsider.com…

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Asia’s Alternative SMB Finance Lands Investment Boom

“PYMNTS breaks down the $287 million in total funding announced by B2B FinTech startups this week” reports pymnts.com. But Asia’s alternative SMB lending industry was the clear winner, thanks to WeLab, a Hong Kong-based firm that landed $220 million in funding this week.The funding comes nearly two years after a $160 million Series B funding raise.With $2.5 million in seed funding, the company just landed support from Next Coast Ventures, Techstars Ventures, Firebrand Ventures, Matchstick Ventures, Edison Factor and Flyover Capital, according to reports in VentureBeat this week. Source: pymnts.com Share…

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Senate GOP’s tax plan: Will corporate tax delay hurt investments?

“The U.S. Senate released a tax plan on Thursday that, among other things, would postpone cutting the corporate tax rate until 2019” reports foxbusiness.com. The decision to delay the onset of the corporate tax cut is a money-saving effort, potentially eliminating $100 billion in near-term costs.The dramatic business tax reduction is a centerpiece of the GOP’s tax plan, but it also happens to be one of the most expensive pieces.Aside from delaying the corporate tax cut, the Senate proposal would maintain seven tax brackets, though with different rates than the…

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Offshore cash helped fund Steve Bannon’s attacks on Hillary Clinton

“Hedge fund companies are not required to publicly disclose how much debt each fund uses” writes Jon Swaine for theguardian.com. Filings show tens of millions of dollars are being taken out of Renaissance’s retirement fund each year by workers remaining at the company.From 2013 to 2015, the Mercer foundation gave $4.7m to Bannon’s Government Accountability Institute – more than half its total funding in that time.The Renaissance retirement fund began with $103m in 2012.Mercer also helps fund the Mercer Family Foundation, a nonprofit led by his daughter and political guru,…

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The Queen should say sorry and be investigated for her offshore investments, says Jeremy Corbyn

“The Queen should apologise and be investigated for allowing her advisers to invest cash in offshore investments, Jeremy Corbyn has said” writes Chief Political Correspondent for telegraph.co.uk. The Labour leader also said the Royal Household should be investigated over why the Queen’s private estate allegedly invested £5.7 million in a Cayman Islands fund. Source: telegraph.co.uk Share This:

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Jeremy Corbyn says the Queen should apologise for her offshore investments

“The Queen should apologise and be investigated for allowing her advisers to invest cash in offshore investments, Jeremy Corbyn has said” writes Chief Political Correspondent for telegraph.co.uk. The Labour leader also said the Royal Household should be investigated over why the Queen’s private estate allegedly invested £5.7 million in a Cayman Islands fund. Source: telegraph.co.uk Share This:

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quarterly earnings

“Operating profit was 396 billion yen ($3.5 billion) in the period ended September, the Tokyo-based company said in a statement Monday” writes Pavel Alpeyev for bloomberg.com. SoftBank Group Corp. reported quarterly profit that topped analysts’ estimates, as its U.S. unit Sprint Corp. faces an uncertain future after talks to merge the carrier with T-Mobile US Inc. collapsed.After merger talks with T-Mobile fell apart over control, Son needs to find a new way to secure Sprint’s long-term future.The billionaire is also in the process creating the $100 billion SoftBank Vision Fund…

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SoftBank Profit, Sales Top Estimates as Sprint Merger Talks End

“Operating profit was 396 billion yen ($3.5 billion) in the period ended September, the Tokyo-based company said in a statement Monday” writes Pavel Alpeyev for bloomberg.com. SoftBank Group Corp. reported quarterly profit that topped analysts’ estimates, as its U.S. unit Sprint Corp. faces an uncertain future after talks to merge the carrier with T-Mobile US Inc. collapsed.After merger talks with T-Mobile fell apart over control, Son needs to find a new way to secure Sprint’s long-term future.The billionaire is also in the process creating the $100 billion SoftBank Vision Fund…

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Kremlin Money Is Behind Billionaire’s Tech Investments

“The Twitter deal had a notable feature: VTB put virtually all of the cash into DST Investments 3, filings show” writes Jesse Drucker for nytimes.com. Milner shied away from the controversy now enveloping Facebook and Twitter, his former major investments.Usmanov referred to Kanton as a “private investment company, (facebook and twitter).” In the interviews, Mr.VTB and Gazprom said the transactions were both sound investments, not motivated by political considerations. Source: nytimes.com Share This:

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