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☆ Space tech startups fall out of VC orbit
▼ + stars: | 2022-10-18 | by ( Akash Sriram | ) www.reuters.com time to read: +2 min

Oct 18 (Reuters) - Space technology startups are being forced to limit their sky-high ambitions, as their venture-capital backers turn to safer bets due to the current economic turmoil, VC firm Space Capital said. Investments in space technology companies, which collect, process and analyze space-related data, have fallen 80% in the third quarter to about $1 billion from nearly $5 billion in the year-earlier period, Space Capital said in a report. VC investment volume in space companies fell 44%, compared with a broader market decline of 31%, it added. VC firms "are looking to reduce their exposure to capital intensive companies with low or long-term profitability models," Space Capital's managing partner, Chad Anderson, told Reuters. Many investors who explored aerospace last year have backed away, said William Kowalski, co-founder of Atomos Space, which makes spacecraft that help satellites maneuver in space.

☆ Reactions: US Sept CPI fortifies hawkish case in Fed inflation battle
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +6 min

FOREX: The dollar index turned 0.44% higherCOMMENTS:KEN POLCARI, MANAGING PARTNER, KACE CAPITAL ADVISORS, BOCA RATON, FLORIDA“Not good, hello – market collapsing. With a 3.5% unemployment rate, there's no way the Fed is going to stop raising rates until after the end of the year." The Fed has got to get a handle on inflation right now. RYAN DETRICK, CHIEF MARKET STRATEGIST, CARSON GROUP, OMAHA“This is a yet another disappointing sign that inflation continues to stay stubbornly high. There are still two more CPI prints before the December meeting with the Fed, but for now, the pivot is on pause.

☆ How Blackstone, the private equity giant behind cult-favorite sunscreen Supergoop, is thinking about its next big consumer bet
▼ + stars: | 2022-09-26 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +6 min

The growth of e-commerce has opened new private equity opportunities, a top investor said. The $941 billion private equity firm took a majority stake in Supergoop last December. The investment valued Supergoop, which makes sunscreen and sun protection-focused makeup, at some $600 million to $700 million at the time, Bloomberg News reported. "What is at work here is the colossal, growing nature of private equity everywhere," said Carter Dougherty, communications director for the progressive advocacy coalition Americans for Financial Reform. Some $78 billion of that is in private equity, with the rest across real estate, hedge fund solutions, and credit and insurance, according to filings.

☆ Two money managers explain their investment strategies
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo money managers explain their investment strategiesEric Beiley, Executive Managing Director at Steward Partners Global Advisory, and Catherine Faddis, Founder and CEO of Grace Capital, join Worldwide Exchange to discuss the recent markets sell-off, the inverted yield curve, and the trading day ahead.

"With the United States raising interest rates, emerging economies have little choice but to hike rates to avoid their currencies from depreciating too much," he said. Asakawa said many Asian emerging economies have sufficient buffers, such as ample current account surpluses and foreign reserves, to weather another crisis. "Some emerging Asian countries could intervene to prevent their currencies from depreciating. Countries like Malaysia put in place capital controls during the Asian financial crisis," Asakawa said. Asian policymakers must also prepare for when volatile market moves destabilise regional economies, he added.

It recently raised 6.5 million euros in a second seed round. Insider has an exclusive copy of the pitch deck it used to raise the funds. The founders launched the software in August 2021, quickly raising 3.5 million euros, or around $3.42 million, in a seed round. The company has just increased their total funding to 10 million euros, which is around $9.77 million, through a second seed round of 6.5 million euros, or around $6.35 million. Insider has an exclusive copy of the pitch deck that Paretos used to raise the funds.

☆ I just tried to buy altcoins in the UK and it was a nightmare. Here's how I ended up with $10 locked in an eToro account — and why I think it's a sign that crypto needs a bear market.
▼ + stars: | 2022-01-31 | by ( Kari Mcmahon | ) www.businessinsider.com time to read: +13 min

The crypto market has dominated headlines as the currency generated stellar returns. Since I was buying crypto in the UK, the process is slightly different than in the US. "eToro Wallet acts as the gateway between the eToro investment platform and the blockchain," said an eToro spokesperson in an email. Crypto needs a bear marketSo with $9.94 of hard-earned cash still sitting in my eToro account, I am left with a bitter taste in my mouth. Some of the most well-regarded crypto products in today's market, such as the FTX exchange and solana, were built in the last crypto winter.

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