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Blackenterprise
1w
238
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Malik Yoba To Teach The Masses How To ‘Flip The Hood’
- Actor and real estate developer Malik Yoba's company, Yoba Development, is hosting an event called 'Flipping The Hood' to empower the Black community through real estate education and wealth-building strategies.
- The event, taking place on May 9 and May 10 at the Brooklyn Naval Yard, will feature hands-on workshops led by seasoned real estate professionals, providing attendees with tactical advice on investing, acquiring property, and building financial legacies, with a focus on historically underserved neighborhoods.
- Speakers at the event include Valerie White, Julien Gordon, and David Adefeso, who will address topics related to real estate, entrepreneurship, wellness, art, and education, with the aim of equipping attendees with tools to build intergenerational wealth and reclaim economic power in their communities.
- Yoba Development is offering a two-for-one ticket promotion, where for every ticket purchased, a high school or college student will receive free admission, making the event accessible to the next generation of leaders and changemakers.
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Pymnts
1w
289
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Nuro Raises $106 Million to Scale Autonomous Vehicle Technology Platform
- Autonomous vehicle company Nuro has raised $106 million in a Series E funding round.
- The funding round values the company at $6 billion, with a total funding of $2.2 billion.
- Nuro will use the funding to scale its technology platform and advance commercial partnerships.
- The company offers its technology to automotive manufacturers and mobility companies for integration into autonomous vehicles.
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Hackernoon
1w
149
Image Credit: Hackernoon
Bootstrapping Surge: Why 57% More Founders Are Self-Funding in 2025
- A significant trend in the startup landscape is the increase in founders opting to self-fund their ventures, with a 57% surge in bootstrapping observed in 2025 compared to the previous year.
- The shift towards bootstrapping reflects changes in how entrepreneurs approach business building amidst the evolving economic conditions, marking a departure from the traditional reliance on venture capital.
- Founder salaries have seen a notable decrease, emphasizing a reevaluation of the connection between personal compensation, company funding, and sustainable growth in the current startup climate.
- The funding environment for early-stage companies has become more challenging, with smaller deal sizes on the decline, leading to a more capital-efficient mindset among founders.
- Bootstrapped founders often prioritize funding operations over personal compensation, showcasing a shift towards controlled spending and operational discipline as competitive advantages.
- The rise in AI-focused startups alongside the bootstrapping trend highlights the efficiency gains enabled by AI technologies in allowing companies to achieve more with fewer resources.
- Geographical location plays a significant role in startup economics, with regions with lower living costs often exhibiting higher rates of self-funding ventures, creating self-reinforcing ecosystems for bootstrapping.
- Founder salaries tend to increase with team size but plateau after a certain threshold, typically between 11-25 employees, indicating a transition towards sustainable growth for bootstrapped companies.
- Factors such as changing investor expectations, accessible technology, and shifting founder demographics are key drivers behind the current trend towards bootstrapping among startups.
- The bootstrapping playbook for 2025 advises founders to embrace capital constraints, plan for the 11-employee milestone, and consider leveraging geographical advantages to optimize profitability and personal economics.
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Bloomberg Quint
1w
183
Image Credit: Bloomberg Quint
Goldman Sachs Sees 65% Chance Of US Recession In Next 12 Months
- Goldman Sachs Group Inc. economists predict a 65% chance of a US recession in the next 12 months.
- The forecast is based on President Donald Trump's tariffs on US trading partners.
- Goldman Sachs expects a 1% decline in the GDP and a rise in the unemployment rate to 5.7%.
- The severity of the recession would likely be less than previous ones due to strong private sector balance sheets and potential trade deals lowering tariff rates.
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Bloomberg Quint
1w
289
Image Credit: Bloomberg Quint
Fed Minutes Show Officials Worried Over Stagflation Risk Ahead Of Tariffs
- Federal Reserve officials expressed concerns about the risk of stagflation at their meeting last month.
- Almost all officials viewed risks to inflation as tilted to the upside and risks to employment as tilted to the downside.
- The officials were grappling with the risks posed by President Donald Trump's trade policies to their goals of stable prices and maximum employment.
- US central bankers left their benchmark lending rate unchanged, highlighting increased uncertainty around the economic outlook.
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Massivelyop
1w
59
Fractured Online’s new studio talks plans for combat, monetization, and wider design vision
- The indie studio reviving Fractured Online shares its plans for the game, including combat, monetization, and design vision.
- The development of features will prioritize community desires, following the motto of putting the community first.
- The game will undergo a relaunch, similar to Final Fantasy XIV’s Realm Reborn, with an action combat model being experimented with.
- Monetization details are yet to be discussed, but the game will not have pay-to-win, pay-to-progress, or crypto elements.
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Bloomberg Quint
1w
238
Image Credit: Bloomberg Quint
US Stocks Surge Most In Five Years As Trump Delays Some Tariffs
- US stocks surged on Wednesday as President Trump announced a pause on some tariffs, leading to the S&P 500's largest gain since March 2020.
- The S&P 500 Index surged over 7% in afternoon trading, with all sectors rising at least 2.5% and the Nasdaq 100 Index jumping 9%.
- Trump's announcement of a 90-day pause on tariffs was positively received in the market, with major stocks like Delta Air Lines and Tesla seeing significant gains.
- The exclusion of tariffs on China raised concerns among investors, with uncertainties remaining about the impact on the economy.
- Amid market volatility, retail traders bought $719 million in the first hour of trading, showing increased activity.
- Investors are closely monitoring market levels for signs of a bottom, with technical levels like 4,910 and 5,000 being key areas of interest.
- US companies, including Amazon and Delta Air Lines, are already feeling the impact of tariffs, with cancellation of orders and revised financial guidance.
- Concerns about downside risks to both markets and the economy persist due to factors like uncertainty in trade policies and lower sentiment.
- Oil and gas producers experienced drops in stock prices amid escalating trade tensions and decreasing energy demand.
- The market response to Trump's tariff announcement reflects a mix of optimism, caution, and ongoing challenges for businesses and investors.
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Bloomberg Quint
1w
330
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India's Exports Reach $820 Billion In 2024-25, Up 6% Despite Global Challenges
- India's goods and services exports have crossed $820 billion in 2024-25, marking a nearly 6% increase over the previous fiscal year.
- Commerce and Industry Minister Piyush Goyal held discussions with export promotion councils and industry bodies to address the high tariffs imposed by the US.
- The government assured exporters of a conducive environment to navigate global trade changes and achieve success.
- Despite various challenges, including global economic uncertainties and conflicts in several regions, India's exports continue to grow.
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Bloomberg Quint
1w
426
Image Credit: Bloomberg Quint
India's GDP Growth Seen At 6.7% In 2025: Asian Development Bank
- India's GDP is projected to grow at 6.7% in 2025, according to the Asian Development Bank.
- Favourable monetary and fiscal policies are expected to sustain the growth momentum, with a forecasted 6.8% increase in 2026.
- The government's focus on infrastructure development and job creation is contributing to India's resilient growth.
- The forecasts by the Asian Development Bank do not consider the effects of the new US tariffs announced recently.
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Bloomberg Quint
1w
238
Image Credit: Bloomberg Quint
Welcome RBI's rate Cut As Economy Needs Push Amid Trade Uncertainties, Says FM Sitharaman
- Finance Minister Nirmala Sitharaman welcomes RBI's rate cut as Indian economy needs push amid trade uncertainties caused by US tariff hikes.
- Sitharaman expresses confidence in the underlying strengths of the Indian economy based on domestic demand amidst the ongoing global markets turmoil.
- The Reserve Bank of India (RBI) reduces key interest rates for a second consecutive time to 6% and signals more easing to come in order to bolster the economy.
- Sitharaman emphasizes the importance of support from both the central bank and the ministry to invigorate growth and maintain the strength of the Indian economy in the face of global uncertainties.
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Bloomberg Quint
1w
374
Image Credit: Bloomberg Quint
Terminal 2 At Kempegowda Airport Achieves India’s First 5-Star Skytrax Rating
- The Kempegowda International Airport’s Terminal 2 has achieved India’s first 5-Star Skytrax rating.
- The 5-Star Airport Rating is awarded after an in-depth audit of over 800 passenger touchpoints across 30-plus categories.
- The rating is based on terminal design, cleanliness, security, digital integration, hospitality, inclusivity and sustainability.
- With this achievement, the Kempegowda Airport becomes the first airport in India to receive the highest 5-Star rating.
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Bloomberg Quint
1w
234
Image Credit: Bloomberg Quint
Gold Price Soars Nearly 3%, Bitcoin Zooms 7% After Trump's 90-Day Tariff Reprieve
- Gold prices shot up by more than 3%, whereas Bitcoin rose over 7% after US President Donald Trump authorized a 90-day pause on reciprocal tariffs.
- Spot gold was trading 3.26% higher at $3,079.5 per troy ounce, and Bitcoin rose 7.26% to $81,817.05.
- The US equity markets sharply rebounded, with Nasdaq 100 soaring by more than 10% and the Dow Jones Industrial Average rising by 6.4%.
- Trump offered relief from tariffs to over 75 countries, but raised import duties on China to 125% from 104%.
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Bloomberg Quint
1w
365
Image Credit: Bloomberg Quint
Northern Arc Capital Block Deal: Public Shareholder Offloads Stake For Rs 61 Crore
- Public shareholders of Northern Arc Capital Ltd. offloaded a 2.16% stake in the company for up to Rs 60 crore via an open market transaction.
- 360 One Special Opportunities Fund - Series 2, 360 One Special Opportunities Fund - Series 3, and Dvara Trust sold their stakes in the company.
- Veteran investor Ashish Dhawan bought a 2.16% stake in Northern Arc Capital for Rs 60.9 crore.
- In the third-quarter, the company's net profit fell while revenue rose. The share price of Northern Arc also experienced a decline.
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21 Likes
Bloomberg Quint
1w
335
Image Credit: Bloomberg Quint
UCO Bank And Karur Vysya Bank Reduces Its Lending Rate After MPC Decision
- UCO Bank and Karur Vysya Bank have reduced their repo-based lending rate (RBLR) by 25 and 30 basis points respectively.
- UCO Bank brought down its RBLR to 8.8% and Karur Vysya Bank reduced its repo rate to 9.30% from 9.60%.
- The revised repo rates for both banks will be effective from April 10.
- Shares of UCO Bank and Karur Vysya Bank closed lower after the announcement.
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Bloomberg Quint
1w
59
Image Credit: Bloomberg Quint
Donald Trump Announces 90-Day Tariff Pause For Some Countries
- US President Donald Trump announced a 90-Day tariff pause for around 75 countries.
- Based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. (sic)
- (This is a developing story)
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