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Day: September 19, 2019

Fintech start-up Stripe notches eye-popping $35 billion valuation after new funding round

Fintech company Stripe is climbing the ranks of the most valuable Silicon companies. Stripe, a San Francisco-based payments company that competes with Jack Dorsey’s Square, announced an additional $250 million funding round on Thursday, bringing its valuation to an eye-popping $35 billion. Venture capital firms Sequoia, Andreessen Horowitz General Catalyst, among other investors, participated in …

Fintech start-up Stripe notches eye-popping $35 billion valuation after new funding roundRead More

Leon Cooperman says the Fed made a mistake cutting rates: ‘You’re screwing the savers’

Billionaire investor Leon Cooperman on Thursday said he believes that the Federal Reserve is “screwing the savers” by cutting interest rates like they did for the second time this year in the prior session. “I side with the two Fed governors that were against cutting rates. Rates were already low,” Cooperman said. “Just think about …

Leon Cooperman says the Fed made a mistake cutting rates: ‘You’re screwing the savers’Read More

BOE Stays Put But Warns of the Market Volatility in Case of Further Brexit Delay

BOE voted 9-0 to leave the Bank rate unchanged at 0.75%. It also maintained the asset purchase program at 435B pound and corporate purchase at 10B pound. BOE also made detailed discussion on the problems stemmed from Brexit uncertainty. The members warned that “shifting expectations about the potential timing and nature of Brexit” have “heightened …

BOE Stays Put But Warns of the Market Volatility in Case of Further Brexit DelayRead More