News Platforms 

Payoneer just bought a cloud-based payments platform, and its CEO says more strategic acquisitions are on his to-do list

“Payments company Payoneer just bought a Munich-based platform called Optile, adding capabilities for online businesses to set up cross-border payments options for their customers” writes Shannen Balogh for businessinsider.com. Optile offers a cloud-based payment platform where businesses can set up several payments options for their customers. Bill.com, a cloud-based payments mangement platform for businesses, is planning an IPO for this week.Payoneer helps businesses send and receive money from suppliers and freelancers, and its customers include Amazon, Airbnb, and online freelancer marketplace Fiverr. Source: businessinsider.com

Read More
News 

Andreessen Horowitz’s new growth fund just invested $30 million into Imply, an open source data analytics startup taking on Microsoft and Salesforce’s Tableau

“The storied Silicon Valley firm is leading the Series B in Imply, a 4-year-old open source data analytics startup, now valued at $350 million” writes Megan Hernbroth for businessinsider.com. As Silicon Valley VCs consider pulling back on big funding rounds, Andreessen Horowitz’s growth fund is doubling down with its earliest-stage investment to date — a $30 million Series B round.”Enterprise sales and the [business-to-business] model is very well understood in Silicon Valley, so you’re not reinventing the wheel,” Yang said.”The innovation is to think about data not as static or…

Read More
News 

Barclays just announced 56 new managing directors in its corporate and investment bank — here’s the list of names

“Barclays earlier this year dropped a bombshell when it announced that Tim Throsby would step down as head of its investment bank” writes Trista Kelley for businessinsider.com. Some 56 new MDs were named across banking, corporate banking, markets, and research.Barclays is keeping a tight leash on pay, particularly for investment and corporate banking, and has set aside less for bonuses.The bank also named dozens more MDs in other areas of the bank, making the overall number much higher, an insider told Business Insider. Source: businessinsider.com

Read More
News 

17 habits of self-made millionaires who retired early

“Here are 17 habits of self-made millionaires who retired early” writes Business Insider Us for businessinsider.sg. As the FIRE (financial independence, retire early) movement has grown, Business Insider has spoken with many early retirees.Early retirees typically begin on the same path: assessing their financial state, cutting back on expenses, and diligently tracking their progress and spending habits.Many early retirees prefer to spend their money the same way: on experiences. “Things lose value, but early retirees understand that experiences tend to appreciate within our heads,” Adcock wrote. Source: businessinsider.sg

Read More
News 

Chief quits as it warns over profits plunge

“Fashion retailer Ted Baker descended further into crisis as it issued a stark profit warning, scrapped its dividend and announced the immediate departure of both its chief executive and executive chairman” writes Simon Goodley for theguardian.com. Lindsay Page, the chief executive, has been replaced on an interim basis by finance director Rachel Osborne.David Bernstein, the executive chairman, has also quit and been succeeded by Sharon Baylay, an independent director, as acting chair.The company said trading in November and during the Black Friday period was worse than expected, and it expects…

Read More
News 

SoftBank is selling back its stake in embattled dog-walking startup Wag, amid the company’s ‘painful’ layoffs

“SoftBank’s Vision Fund first invested in the dog-walking startup last year in January, pushing up the company’s valuation to around $650 million” writes Bani Sapra for businessinsider.com. Wag CEO Garrret Smallwood circulated a memo around the company on Monday, informing employees that it was cutting jobs and it was was “amicably parting ways” with SoftBank.”Today, we said goodbye to a number of our friends and colleagues as we align our organization with the needs of our business,” Smallwood wrote in the internal memo, reviewed by Business Insider. Source: businessinsider.com

Read More
News 

Away CEO steps down days after investigation revealed she perpetuated cutthroat culture of bullying and burnout at the buzzy luggage startup

“On Monday, the travel brand announced it hired the Lululemon executive Stuart Haselden as the company’s new CEO. Korey will assume the role of executive chairman” writes Finanzen Net Gmbh for businessinsider.com. “With the immense growth of the Away brand, the complexities of our business have evolved as well,” Rubio, Away’s president and chief brand officer, said in a statement. Source: businessinsider.com

Read More
Markets News Stocks 

A manager of the No. 1 stock fund over the past 20 years attributes his success to a contrarian approach. He shares his most surprising calls, including why he prefers Samsung to Apple.

“Subotky thinks investors have wildly mispriced two international conglomerates” writes Marley Jay for businessinsider.com. Subotky says his funds are relentless in looking for undervalued companies and flexible in thinking about where their value comes from.Subotky says the South Korean company has a lot going for it that investors aren’t appreciating, including its financial strength.Bollore’s best-known business is a 26% investment in music and media company Vivendi, the owner of Universal Music Group. Source: businessinsider.com

Read More
News 

Companies have dodged Trump’s tariffs in China, undermining a key argument for the trade war

“Even as tariffs draw increasing opposition from bipartisan lawmakers and businesses, the Trump administration has maintained its argument that the trade dispute would ultimately benefit Americans” writes Finanzen Net Gmbh for businessinsider.com. US-based companies have warned of similar dilemmas, saying relocating to the US would be too costly or impractical in many cases. Source: businessinsider.com

Read More