US rapper Snoop Dogg has bought a stake in financial technology company Klarna Bank. The Swedish start-up, which was valued at $2.5bn (£2bn) in 2015, would not comment on the size of the stake but confirmed the investment that was first reported in Forbes."I've endorsed them, advised them, and now I'm looking to invest in them. I plan to keep growing the portfolio, ya dig?" Snoop Dogg, whose real name is Calvin Broadus, was quoted as saying.The rapper, who has appeared in a YouTube video for the company, bought the stake through his investment firm Casa Verde Capital, which mostly invests in cannabis-related businesses, such as marjiuana delivery service Dutchie.In the video, the 47-year old rapper is referred to as Smoooth Dogg for the purposes of Klarna's marketing campaign.The firm, which says it is one of Europe's largest banks, was founded in Sweden in 2015 and has expanded to 14 countries.It enables consumers to buy goods and services through various finance options and is … [Read more...] about Snoop Dogg invests in £2bn Swedish fintech company
Shares in several Hong Kong-listed companies fell more than 70% suddenly on Thursday. Investors and analysts are baffled as to what caused the sudden plunge. Jiayuan, a property developer, was the worst impacted by the crash, dropping as much as 81%, and seeing more than $HKD25 billion ($US3.2 billion) wiped from its market capitalisation in a single afternoon. The stock price of several Hong Kong-listed companies plunged during trading Thursday, leaving investors and analysts baffled as to what caused the sudden plunge. Among the worst hit companies were Jiayuan International Group, Sunshine 100 China Holdings, and Rentian Technology Holdings, all of which saw their share prices drop more than 70% during the worst of the plunge. More than 10 companies saw their shares drop more than 20% during afternoon trading on Thursday. Jiayuan, a property developer, was the worst impacted by the crash, dropping as much as 81%, and seeing more than $HKD25 billion ($US3.2 billion) wiped from … [Read more...] about A bunch of stocks in Hong Kong crashed 70% without warning — and no one really knows why
The Wall Street Journal reported that Michael Cohen paid a small tech consultancy named RedFinch to create a Twitter account dedicated to him. @WomenForCohen describes President Trump’s former lawyer as a “pit bull” and “sex symbol.” Cohen also paid RedFinch to try to rig two online polls in 2014 and 2015, about business leaders and potential GOP candidates, in Trump’s favour, The Journal said. Cohen has since broken from Trump and is due to testify to Congress next month in what will likely be a big boon for the investigation into the Trump campaign’s ties to Russia. Michael Cohen, President Donald Trump’s longtime personal lawyer and fixer, paid a small tech company to create a dedicated Twitter account that described him as a “pit bull” and “sex symbol,” The Wall Street Journal reported. During the 2016 presidential campaign Cohen asked John Gauger, the owner of Virginia-based tech consultancy RedFinch … [Read more...] about Michael Cohen reportedly paid someone to run a Twitter account called @WomenForCohen that described him as a ‘sex symbol’
Facebook Twitter Flipboard Email Enlarge this image L.A. Johnson/NPR L.A. Johnson/NPR Have you or someone close to you been struggling with medical bills you can't pay. NPR is doing a story about the best strategies for dealing with medical debt for a series on personal finance, and we want to hear your story! We'd also like to know if you found a good solution — for example working with a financial assistance counselor at a hospital or non-profit organization or some other strategy. Your response may be used in an upcoming story on air or on NPR.org. A producer may reach out to follow up with you. Share your thoughts with us by answering the questions in the form below. Part of this project involves putting voices on air, so we'd love it if you could also send us a voice memo! You can do that in the form, or email a voice memo to [email protected] Include your name, where you're from, and put "Medical debt" in the subject line. Powered by … [Read more...] about Are You Struggling With Medical Debt?
One of Britain's biggest online furniture retailers has kicked off an urgent search for a buyer, underlining the challenges facing internet-based shops even as their high street rivals battle the worst trading environment for decades. Sky News has learnt that the owners of Sofa.com have hired KPMG to identify a buyer.LGT European Capital, which took control of Sofa.com last year after having been a lender to the business, is understood to be seeking to secure a change of control within weeks.The sale process comes despite people close to the company insisting that it recently enjoyed its best-ever trading week, with sales up 30%.Sofa.com is chaired by Justin Stead, the former boss of the jewellery retailer now called Watches of Switzerland Group.A potential sale of the site comes during a protracted period of turmoil for the retail sector, with both online and high street businesses affected.Asos, the fashion darling of Britain's digital retail sector, announced a surprise profit … [Read more...] about No rest for Sofa.com as online retailer seeks buyer