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Austin-based Next Coast Ventures just closed its second fund with $130 million

It’s November. We’re eleven years into a bull run. And a protracted trade war with China — not to mention the impeachment proceedings — is causing some nervousness about what next year will hold. Little wonder that venture firms, which have been writing checks faster than ever in recent years, are also stocking up on…

The Tyranny of the 63 Million

Dec. 20, 2019A map of Donald Trump and Hillary Clinton voters displayed by Republicans during a House Judiciary Committee session on impeachment.Credit...Erin Schaff/The New York TimesWhen George W. Bush lost the popular vote to Al Gore in 2000 but became president anyway, he did so with almost 50.5 million votes. I didn’t know that number…

Fannie Mae, Freddie Mac will soon let borrowers take out mortgages over $500K

Fannie Mae and Freddie Mac will let mortgage borrowers nationwide take out home loans over $500,000 in 2020. The Federal Housing Finance Agency announced Tuesday that it will increase the limit on conforming loans, meaning mortgages that adhere to the standards imposed by Fannie Mae FNMA, -2.44%  and Freddie Mac FMCC, +0.00%, to a maximum…

Budget, Save, and Plan Your Financial Future With Toshl

This top-rated app takes the stress out of managing your finances. December 7, 2019 2 min read Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Life…

Bailey to replace Carney as Bank of England boss: source

LONDON (Reuters) - Former Bank of England deputy governor Andrew Bailey, one of the City of London's most experienced financial regulators, is set to be named as the new governor of the British central bank, a person familiar with the process said.Bailey, 60, worked for 30 years at the BoE before moving in 2016 to…

Warren Buffett may be hoarding $128 billion in cash in case he gets sick again

REUTERS/Rick WilkingWarren Buffett and Charlie Munger may be hoarding cash in case they get sick and need to reassure investors, Bill Smead told Yahoo Finance this week. "When one of them has a medical malady, they've got that bazooka loaded to buy back Berkshire Hathaway stock if people panic," said the founder and investment chief…

SoftBank is reportedly under fire from investors after its WeWork debacle

Koki Nagahama/Getty ImagesSoftBank is under fire from shareholders over the WeWork debacle, other poor investments, and part of its plan to finance its second Vision Fund, according to the Wall Street Journal.  Capital Group, Tiger Global Management, Southeastern Asset Management, and other investors privately blasted the Japanese conglomerate over recent losses in its Vision Fund,…

What it Takes to Build a Highly Secure FinTech Application

Since FinTech apps deal with highly sensitive personal and business data, security should be at the forefront of finance and banking solutions development. However, the reality is different. Here’s what it takes to build a highly secure FinTech application. Data storage issues, weak encryptions, data leakages, are just some of the vulnerabilities frequently discovered in…