Nicholas Statman

Why you should consider this online shoe startup’s beautiful, Italian-crafted loafers as an investment purchase

When Amanda Greeley isn’t leading design and creative for lingerie startup Cuup in New York City, she’s in Charleston designing a very different outfit essential: shoes.  Greeley, a former Coach merchandiser, is the founder and designer of Thelma, a 3-year-o…

One Thing You Can Do: Consider a Heat Pump

Theres a fair amount of heat even in the cold air, said Vijay Modi, a professor of mechanical engineering at Columbia University. He estimated that a home heat pump could cut electricity use by as much as two-thirds compared with more traditional heating syst…

Altria writes down Juul investment by $4.5 billion amid vaping crackdown

Tobacco giant Altria said it wrote down its investment in e-cigarette maker Juul by $4.5 billion during the third quarter. The company said no one factor led to the charge, but it did cite the rising regulatory pressure on vaping and flavored…

Britain welcomes Spirit AeroSystems’ purchase of Bombardier’s Belfast site

LONDON (Reuters) – British business minister Nadhim Zahawi on Thursday welcomed Spirit AeroSystems’ (SPR.N) purchase of Bombardier’s (BBDb.TO) plant in Belfast as great news for workers and a welcome investment in the United Kingdom. Canada’s Bombardier sai…

The Federal Reserve is waiting for a U.S.-China ‘Phase One’ trade deal too

WASHINGTON (Reuters) – U.S. trade policy and its impact on business investment, manufacturing and exports were a key factor in the Federal Reserve’s decision to cut rates, chair Jerome Powell said Wednesday. But the Fed also signaled in its statement that i…

Boeing 737 MAX grounding a drag on Canadian investment in machinery, equipment

(Reuters) – The global grounding of Boeing’s (BA.N) 737 MAX jet is weighing on Canadian economic investment in machinery and equipment, with carriers unable to take deliveries of the planes, the Bank of Canada said on Wednesday in a report. Investment in ma…

LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 billion. Scopely said it would use the capital to continue its strategy of develop…

How to Make It Look Like You’re at Your Desk

You dont need to be in the office to get work donebut sometimes its a good idea to make it look like youre there. As many office workers know, there are many advantages to being viewed as the person who is always at their desk. In some companies, you can ac…

Jefferies slashed the value of its stake in WeWork by $146 million more than two weeks before its failed IPO

Jefferies slashed the estimated value of its investment in WeWork by $146 million on August 31, more than two weeks before the shared-workspace group shelved its plans to go public.The investment bank’s adjustment reflected a “significant dis…

True Balance raises $23M to bring its payments app to more small cities and towns in India

South Korean startup True Balance, which operates an eponymous financial services app aimed at tens of millions of users in small cities and towns in India, has closed a new financing round as it looks to court more first time users in the worlds second large…