March 20, 2019

Here’s a look inside credit card startup Brex’s new member-only San Francisco lounge

Credit card startup Brex has opened a members-only lounge in San Francisco's South Park district to give cardholders a place to gather — whether that be to work, hold meetings, or socialize.  Dubbed the "Oval Room,...
March 20, 2019

Hot AI software startup Skymind used this pitch deck to raise $11.5 million

Skymind just closed an $11.5 million Series A funding round. The San Francisco-based company offers a set of software that helps companies build artificial intelligence systems. It plans to use the new funds to build out its ...
March 20, 2019

Levi Strauss valued at $6.6 billion as IPO prices above target

Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company.
March 20, 2019

Fed sees no rate hikes in 2019, sets end to asset runoff

The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline...
March 20, 2019

4 portfolio managers have exited asset management giant Nuveen after their funds took a hit in 2018

Four portfolio managers have left $930 billion asset manager Nuveen. James Diedrich, Harold Goldstein, Mark Traster, and Derek Sadowsky exited three funds with a collective $1.7 billion in assets.  A Nuveen spokesman sai...
March 20, 2019

An off-duty pilot reportedly prevented a Boeing 737 Max 8 crash, one day before the same plane crashed and killed 189 passengers and crew (BA)

An off-duty pilot riding in the cockpit of a Boeing 737 Max 8 fixed a malfunction on the second-to-the-last flight for the aircraft before same plane crashed during a different flight in the Java Sea the next day, Bloomberg r...
March 19, 2019

Standard Life Aberdeen wins 100 billion stg mandate dispute against Lloyds

Standard Life Aberdeen has won a legal battle to stop Lloyds Banking Group from terminating a 100 billion pounds ($132.75 billion) investment management contract three years early, in a move that could cost the bank hundreds of millions of pounds in ad...
March 19, 2019

Asian shares steady as Fed looms, May’s Brexit deal in chaos

Asian shares held to tight ranges on Tuesday ahead of a Federal Reserve policy meeting, but were broadly supported near 6-1/2-month highs on expectations the U.S. central bank might strike a dovish tone, while fresh Brexit worries weighed on the pound....
March 19, 2019

Why Theranos founder Elizabeth Holmes wasn’t interviewed for HBO’s ‘The Inventor’ documentary

The disgraced founder of Theranos, Elizabeth Holmes, is not interviewed in the HBO documentary, "The Inventor: Out for Blood in Silicon Valley" (which premiered Monday night). Director Alex Gibney told Business Insider about ...
March 19, 2019

SEC fires at Elon Musk, says his tweet about Tesla vehicle production was a ‘blatant violation’ of court settlement (TSLA)

The Securities and Exchange Commission says a tweet Elon Musk sent in February claiming that Tesla would produce 500,000 vehicles in 2019 was a "blatant violation" of a court settlement between himself, Tesla, and the agenc...