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Discover Launches Fund For Startups Focused On Financial Health
Saturday, July 1, 2023 - 11:01am | 514With today's economic landscape — ranging from recession concerns to rising interest rates — financial health-related matters have never been more critical. Companies like Discover Bank have moved to the forefront with the intention of helping startups focused on financial health. See Next: ...
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IMF Anticipates 'Persistent Inflation Problem' For US, Interest Rates To Stay At 5.5% Until 2024
Friday, May 26, 2023 - 4:21pm | 527The International Monetary Fund says the U.S. economy won't escape the challenge of persistent inflation if the job market does not soften and monetary policy does not stay tight for an extended period of time. On Friday, the U.S. Bureau of Economic Analysis (BEA) ...
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Solana Ecosystem Looks To Pour $100 Million Into South Korean DeFi and Web3 Projects
Wednesday, June 8, 2022 - 4:04pm | 299The Solana (CRYPTO: SOL) Foundation and Solana Ventures announced on June 7 a pledge of up to $100 million for cryptocurrency and NFT projects across South Korea. What Happened: According to CoinDesk, the aim of the contribution is to boost the cryptocurrency and virtual gaming industries...
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This Top Venture Capital Firm Is Launching A $600M Metaverse Fund For The Gaming Industry
Saturday, May 21, 2022 - 12:04pm | 396Silicon Valley-based venture capital firm Andreessen Horowitz, or a16z, plans to launch a new $600 million metaverse fund. What Happened: In a recent blog post, Andreessen Horowitz announced the launch of the fund, which would support innovation in the gaming industry and help build the...
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Elon Musk's 'Funding Secured' Tweets Ruled False By A Judge: Court Filing Released
Sunday, April 17, 2022 - 8:04am | 526A court filing released on Friday says a judge has ruled that Tesla Inc (NASDAQ: TSLA) CEO Elon Musk knowingly made false statements when he tweeted about securing funds to take Tesla private in 2018. What Happened: According to the April 1 filing, federal judge Edward Chen concluded that Musk...
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AMC's Hycroft Raises $195M In Just Two Weeks And Adam Aron Can't Stop Boasting About It
Saturday, March 26, 2022 - 12:15pm | 467Last week, movie theater chain AMC Entertainment Holdings Inc (NYSE: AMC) purchased a major stake in Hycroft Mining Holding Corp (NASDAQ: HYMC). AMC spent $27.9 million in cash for the deal and received roughly 23.4 million shares in the company. Now, two weeks following the...
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ETFMG Alternative Harvest Hits $1B In Assets Under Management
Wednesday, December 9, 2020 - 4:12pm | 356US-traded cannabis ETF ETFMG Alternative Harvest ETF (NYSE: MJ) – surpassed $1 billion in assets under management on Dec. 4. The news is disclosed Wednesday by ETF Managers Group LLC which manages the fund, launched in December 2017. The fund has been trading on NYSE for less than three...
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JW Partners' Jason Wild Talks Cannabis, TerrAscend, Stock Picks With Barron's
Tuesday, October 13, 2020 - 11:37am | 555Jason Wild, CEO of JW Asset Management LLC, is one of the most seasoned U.S. institutional investors in legal cannabis. The former pharmacist, who oversees $1 billion in assets, recently chatted with Barron's about his fund. "From 1998 to 2010...
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Federal Prohibition Leaves Cannabis Businesses In Oregon Handicapped Amid Wildfires
Wednesday, September 23, 2020 - 2:17pm | 263Small businesses in Oregon affected by wildfires are being offered disaster assistance loans. That is, unless, your business is cannabis related. According to Marijuana Moment, marijuana-related businesses are being excluded from the Small Business Administration's application...