News 

Washtenaw County offers grants for healthy food projects

“YPSILANTI, MI – Washtenaw County is seeking project ideas to improve access to healthy foods” writes Dmoran Mlive Com for mlive.com. Through Nov. 15, local governments, school districts, tribal organizations, nonprofits and community groups with ideas can apply for a slice of $30,000 in grant funding from the Washtenaw County Health Department.Still, those interested can request between $1,000 to $30,000 in grant funding.The department is seeking grant proposals for projects that will create lasting change and support health equity, according to a release from the department. Source: mlive.com

Read More
News 

A VC best known for organic-food investments just made its first foray into CBD. A top partner at BIGR Ventures told us why.

“A VC best known for placing bets on organic-food companies is making its first foray into the CBD space” writes Jeremy Berke for businessinsider.com. BIGR Ventures, a Boulder, Colorado-based fund, led a $3 million Series A round in RE Botanicals, an organic hemp-derived CBD company.The Colorado CBD company merged with South Carolina-based Palmetto Harmony in August. BIGR Ventures isn’t the first mainstream fund to invest in CBD. In February, Greycroft led a $3.3 million seed round into Prima, a CBD company founded by The Honest Company CEO Christopher Gavigan. Source: businessinsider.com

Read More
Markets News Regulators 

Fed’s Williams says central bank would adjust plan to soothe funding markets ‘as appropriate’

“New York Fed President John Williams said Thursday that the central bank was closely monitoring its measures to soothe pressures in funding markets, and could adjust its plans” writes Sunny Oh for marketwatch.com. Williams said the central bank could still tweak “technical details,” suggesting this could include buying short-dated coupon-bearing securities later.Investors and analysts have raised worries that the U.S. central bank will struggle to source sufficient bills from banks and investors.The repo market is where hedge funds and banks lend funds in return for collateral such as Treasurys or…

Read More
News 

Warren reviewing ‘Medicare for all’ funding options after getting pressed on taxes

“She’s reviewing the revenue options suggested by the 2016 Bernie campaign along with other revenue options” reports washingtonexaminer.com. In total, national health spending would reach $59 trillion under the Medicare for All plan.The bill does not contain a funding mechanism, but Sanders has acknowledged that the reform would mean raising middle-class taxes. Source: washingtonexaminer.com

Read More
Markets News 

Funding market strains resurface as repo rates stay elevated

“The overnight repo rate spiked as high as 2.26%, according to one estimate” writes Sunny Oh for marketwatch.com. The repo rate usually closely tracks the central bank’s benchmark interest rate as they both are considered sources of short-term borrowing.This compared with the effective fed funds rate, which stood at 1.90% on Oct. 15.Strains in short-term lending markets popped up again on Wednesday as the cost of borrowing funds overnight in return for high-quality collateral, or the repo rate, shot up on Wednesday.Hedge funds and banks use the repo market to…

Read More
Crypto Markets News 

A New Trend in Crypto Funding Campaigns: Companies Resorting to IEOs

“While more crypto exchanges announce their support of IEO projects, a new crowdfunding trend is emerging on the crypto market: a shift to multiple IEOs” writes Evan Luthra for cointelegraph.com. The second quarter of 2019 demonstrated a growing popularity of the initial exchange offering (IEO), which has replaced the outdated initial coin offering (ICO) model.Crypto market stats show that over 65 IEOs have been launched in the past six months, with about 40 of them having reached their soft cap or even hard cap successfully.STEO is just an extended version of…

Read More
News 

Michigan Republicans say ‘the budget’s over’ after talks with Whitmer

“Curtis Hertel, D-East Lansing, would put an additional $475.7 million into the budget, including $48.5 million in spending Whitmer vetoed” writes Lauren Gibbons for mlive.com. Both Republicans and Democrats have introduced versions of supplemental spending bills that would restore some of that funding.The Republican bills would restore about $264 million in funding for programs Whitmer vetoed, while the Whitmer-backed supplemental introduced by Sen.Michigan House and Senate leaders signaled Tuesday there hasn’t been much progress on deciding what will become of the money from budget vetoes signed by Gov. Source: mlive.com

Read More
Markets News 

Indian startup Paytm to close $2 billion in new funding: report

“Indian digital payment company Paytm is said to be nearing a deal to secure $2 billion in new funding from investors including Alibaba affiliate Ant Financial and Japanese conglomerate SoftBank Group, according to Bloomberg” reports technode.com. The new funding could value Paytm at around $16 billion, surpassing that of Southeast Asian tech super unicorns Grab and Gojek.The country’s digital payments market is expected to worth around $1 trillion in 2023. Source: technode.com

Read More
News 

Paytm Close To $2 Bn Funding Round From SoftBank, Ant Financial, T Rowe Price

“It adds that the company would be valued at $16 Bn post this funding round” writes Bhumika Khatri for inc42.com. The company is looking to raise a fresh funding round of $2 Bn.However, Paytm is currently a loss-making company with public listing ambitions and this has been hard luck for its investor, SoftBank.SoftBank, Ant Financial and Alibaba are also expected to participate in the round according to multiple reports Noida-headquartered digital payments company Paytm is looking to amp up its arsenal with fresh funds in the increasingly competitive digital payments…

Read More
News 

OYO Looks To Raise $1.5 Bn Funding: Will It Help Make Hotel Partners Happy?

“Many of these charges are not specified in the contract between the owner and OYO, hotel owners that Inc42 spoke to, alleged” writes Bhumika Khatri for inc42.com. OYO says once a hotel has served a 30-day notice period and accounts are settled, the property is typically delisted within 72 hours.At the time, independent protests by small hotel owners were being carried out in multiple Indian cities including Nashik, Pune, Kota, Manali, Jaipur, Ahmedabad and Delhi.In August, Inc42 had extensively reported about the concerns of hotel owners and the continuous protests.Its…

Read More