Nicholas Charles Statman

White House Weighs Blocking Chinese Companies From U.S. Exchanges

This would be another step in ratcheting up the pressure, said Michael Pillsbury, a China scholar at the Hudson Institute who said he raised the concept of investment restrictions with the White House after negotiations with China broke down in the spring. T…

What 3 top investment firms are betting on as streaming video surges in 2019 — and why

What 3 top investment firms are betting on as streaming video surges in 2019 — and why

VR/AR startup valuations reach $45 billion (on paper)

Despite early-stage virtual reality market and augmented reality market valuations softening in a transitional period, total global AR/VR startup valuations are now at $45 billion globally include non-pure play AR/VR startups discussed below, and that amount …

China could tap North Korea rare earth mine in exchange for solar investment: report

BEIJING (Reuters) – North Korea plans to grant China access to a rare earth mine in exchange for investment in solar energy that could ease chronic power shortages in the impoverished country, according to an article posted on an industry association website …

New National Marine Sanctuary For Shipwrecked Vessels Is A ‘Time Capsule’

Benzonia is one of more than a hundred World War I era wooden ships in Mallows Bay, Md. The ship was built in 1919 in Washington state. In 2003, Hurricane Isabel lifted the Benzonia wreck on top of another World War I steamship. Tyrone Turner/WAMU At a bend…

Will Smith just dropped $10K on a startup that pitched him on Disrupt’s stage

Actor and Hollywood media mogul Will Smith surprised the TechCrunch Disrupt SF 2019 audience this afternoon by announcing he would invest $10K in a startup that pitched to him onstage as part of “elevator pitch” contest, where the winner would get to take a s…

IronSource, a mobile adtech startup, confirms $400M+ raise at $1+ valuation

On the same day that two Israeli-founded adtech startups, Taboola and Outbrain, announced a merger to create a $2 billion company, another Israel-founded company focusing on advertising and marketing for mobile has also closed a huge funding round. IronSource…

Fitbit is reportedly in the early stages of exploring a sale

Fitbit and Alphabet have both declined to comment. There might be good reasons for Fitbit to consider a sale. While it has enjoyed some success transitioning to smartwatches and services, it’s still struggling to return to profit. There have been missteps su…

Latin America Roundup: Softbank bets on Brazillian unicorns and Konfio raises $250M for lending plans

SoftBank did not let up the flow of capital to Brazil this month, staying busy despite the WeWork debacle. With two more $100 million-plus rounds in QuintoAndar and MadeiraMadeira, the Japanese investor has funded at least one more unicorn in the Brazilian ec…

Trump’s Trade War Could Put Swiss-Size Dent in Global Economy, I.M.F. Warns

That $700 billion loss because of the trade war with China translates to roughly 0.8 percent of global gross domestic product, she said, and includes more than $200 billion of direct losses to businesses and consumers. Much larger secondary effects from a los…