The Firm Capital

FrontApp Inc Doubles Valuation At $1.7 Billion

FrontApp Inc is valued at $1.7 billion. Customer communications platform FrontApp has closed a new funding round that values the company at $1.7 billion. The funding round was led by Salesforce Ventures and roughly doubles the company’s valuation. FrontApp offers customer support software used by Lyft, Shopify and Airbnb, among others. The message is clear: …

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Booming Buffet or Buffet Booming?

Warren Buffett increases his stake in Occidental Petroleum. Berkshire Hathaway has bought another $500 million in shares of Occidental Petroleum, according to a regulatory report. This purchase brings Buffett’s total investment to nearly $8.5 billion, or ~16% of the energy company. Buffett began buying Occidental Petroleum shares earlier this year and Berkshire now owns 152.7 …

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FED Raises Interest Rates; Highest Percentage In 28 Years

Fed raises interest rates by highest percentage in 28 years. After weeks of speculation, the Fed raised its benchmark interest rate by three-quarters of a percent, the largest rate hike since 1994. The aggressive rate increase ends years of loose monetary policy that the Fed has used to try to curb historically high inflation. The …

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Justin Timberlake Closed a $100,000,000 Deal Selling Off His Album Collections

Justin Timberlake sells off his collection: a fund backed by private equity firm Blackstone has agreed to buy Justin Timberlake’s song catalogue for $100 million. The deal is the largest acquisition of music rights to date as investors get creative in search of uncorrelated returns and steady cash flow. It seems Blackstone’s limited partners did …

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China Cuts Policy Rates Amid Covid-19 Lockdown

China unexpectedly cuts policy rate amid Covid-19 lockdown. The People’s Bank of China has cut its benchmark five-year lending rate to 4.45% from 4.6%. This is the biggest cut since the rate was introduced into the bank’s policy arsenal in 2019. The move represents an unexpected turnaround in China’s monetary policy.Economists believe the rate change …

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Terra Luna De-Pegging Sends Major Shockwaves

Terra’s stable coin, UST, falls below $1 for the first time since its launch. The value of Terra USD has slipped below the dollar mark, hitting a low of $0.69, exacerbating the crypto market’s overall decline.The Luna Foundation Guard (LFG), a non-profit organization responsible for maintaining the peg, announced its intention to lend $750m in …

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Netflix Crash

Many would say that the two-day collapse of the DJI was caused by the Powell speech. Even though the Powell speech contributed to the selling sentiment, remember that in times of high inflation, blue crisps and bonds have more upside; investors tend to shift their money into US30 companies or government bonds. Apart from this, …

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