Monday , 20 May 2019

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Chicago Fed National Activity Index Plunges To 3-Year Lows

U.S. economic activity slumped in April, according to the Federal Reserve Bank of Chicago. The Chicago Fed national activity index, which draws on 85 economic indicators, was -0.45 in April versus an upwardly revised +0.05 in March (and expectations of -0.20). 33 of the 85 monthly individual indicators made positive contributions 52 of the 85 monthly individual indicators made negative ... Read More »

Beijing Demands Giant Pandas Loaned To San Diego Zoo Be Returned Immediately

Submitted by Michael Every of RaboBank Panda-monium We managed to go an entire weekend without US President Trump sending an escalatory tweet over China and trade. However, that doesn’t mean tensions aren’t building even further. China’s Global Times ran an editorial Friday, ‘Time to discard any illusions about the US’, which concluded “The China-US trade war is reshaping this bilateral ... Read More »

Iran Slams Trump’s “Genocidal Taunts” As “Team B” Concocted Threats

Soon after reportedly meeting with national security advisor John Bolton at the White House Sunday afternoon in the wake of a lone rocket being launched toward the US embassy in central Baghdad’s protected ‘Green Zone’, President Trump provocatively warned via Twitter: “If Iran wants to fight, that will be the official end of Iran,” and added, “Never threaten the United States ... Read More »

Robin picks up $20 million Series B to optimize the office

Robin Powered, a startup looking to help offices run better, has today announced the close of a $20 million Series B funding. The round was led by Tola Capital, with existing investors Accomplice and FirstMark participating in the round, along with a new strategic Allegion Ventures. Robin started as part of an agency called One Mighty Roar, where Robin Powered ... Read More »

Wagestream closes $51M Series A to plug the payday gap without putting workers in debt

Getting your work wages on a monthly (not weekly nor biweekly) basis has become a more widespread trend as the price of running payrolls has gone up, and organizations’ cashflow has gone down. That 30-day shift may be a boost to employers, but not employees, who may need access to those wages more immediately and find it a challenge to ... Read More »

Clinc raises $52m Series B as it marches towards IPO

Ann Arbor, Michigan-based Clinc is today announcing a $52 million Series B. The company behind the conversational AI platform netted cash from Insight Partners, DFJ Growth, Drive Capital, Hyde Park Venture Partners, and others. This round of financing brings Clinc’s total amount of funding to $60 million and will help Clinc scale its conversational AI to new markets. Clinc plans ... Read More »

Agtech startup Agrilyst is now Artemis, raises $8M Series A

Artemis, the ag-tech startup formerly known as Agrilyst, today announced that it has raised an $8 million Series A funding round. The round was co-led by Astanor Ventures and Talis Capital, with participation from iSelect Fund and New York State’s Empire State Development Fund. With this, the company, which won our 2015 Disrupt SF Battlefield competition, has now raised a ... Read More »

“WRONG!” – Trump Slams NYT Over Latest Deutsche Bank Story

Reacting to a New York Times story about Deutsche Bank staff flagging ‘suspicious’ activity in Trump’s and Kushner’s accounts, President Trump again blasted the “Failing New York Times” for daring to suggest that Trump only banked with Deutsche Bank and Capital One because other banks didn’t want to work with him. Repeating a prediction that the NYT will ‘pass away’ ... Read More »

Stocks Tumble As Huawei Boycott Erupts, Slamming Tech

When the semiconductor index was soaring in the past few weeks even as semi shipments and revenue forecasts plunged to the lowest since the financial crisis, many said that the market knew something other didn’t. In retrospect, the market was absolutely clueless and semi stocks and tech names are freefalling today following the overnight news that in the aftermath of ... Read More »

Trump To Formally Launch Reelection Campaign Next Month: Axios

President Trump never really stopped campaigning. His MAGA rallies regularly dominate news cycles and rattle markets. But with a $30 million campaign war chest already at his disposal, and the Democratic primary already well underway, the president is preparing to formally launch his reelection campaign, which Axios reports will begin next month with a flurry of swing-state rallies. And it’s ... Read More »