Keystone XL suffers another setback as judge blocks most work on the oil pipeline

A federal judge in Montana dealt the Keystone XL pipeline another setback on Friday, effectively blocking TransCanada’s latest effort to begin work on the project. U.S. District Court Judge Brian Morris ruled that TransCanada cannot do most work to prepare for construction, including setting up camps for workers who would build the pipeline if it is allowed to move forward. The judge said TransCanada can move pipe to storage yards along the pipeline route. The decision threatens to prevent Trans


A federal judge in Montana dealt the Keystone XL pipeline another setback on Friday, effectively blocking TransCanada’s latest effort to begin work on the project. U.S. District Court Judge Brian Morris ruled that TransCanada cannot do most work to prepare for construction, including setting up camps for workers who would build the pipeline if it is allowed to move forward. The judge said TransCanada can move pipe to storage yards along the pipeline route. The decision threatens to prevent Trans
Keystone XL suffers another setback as judge blocks most work on the oil pipeline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: tom dichristopher, justin solomon
Keywords: news, cnbc, companies, workers, setback, keystone, latest, transcanada, pipeline, blocks, construction, xl, yards, suffers, oil, transport, work, judge


Keystone XL suffers another setback as judge blocks most work on the oil pipeline

A federal judge in Montana dealt the Keystone XL pipeline another setback on Friday, effectively blocking TransCanada’s latest effort to begin work on the project.

U.S. District Court Judge Brian Morris ruled that TransCanada cannot do most work to prepare for construction, including setting up camps for workers who would build the pipeline if it is allowed to move forward. The judge said TransCanada can move pipe to storage yards along the pipeline route.

The decision threatens to prevent TransCanada from beginning construction on the pipeline this year, and may push its earliest start date into 2020.

The ruling is the latest blow in a series of defeats for the $8 billion project. The line would transport heavy crude from Alberta, Canada to Steel City, Nebraska, where it would link up with existing lines to transport oil supplies to Gulf Coast refineries.


Company: cnbc, Activity: cnbc, Date: 2019-02-16  Authors: tom dichristopher, justin solomon
Keywords: news, cnbc, companies, workers, setback, keystone, latest, transcanada, pipeline, blocks, construction, xl, yards, suffers, oil, transport, work, judge


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer unveils his latest investing theme: Empowering the little guy

Investors can now boost their capital and support small businesses in one fell swoop by following a new, growing theme in retail: using technology to empower small businesses, CNBC’s Jim Cramer said Wednesday. “Shopify isn’t just a software company that enables e-commerce, it’s become the way for anyone to sell their own merchandise online,” Cramer said on “Mad Money.” Its various properties — which include food delivery app Caviar, loan engine Square Capital, and its ubiquitous credit card read


Investors can now boost their capital and support small businesses in one fell swoop by following a new, growing theme in retail: using technology to empower small businesses, CNBC’s Jim Cramer said Wednesday. “Shopify isn’t just a software company that enables e-commerce, it’s become the way for anyone to sell their own merchandise online,” Cramer said on “Mad Money.” Its various properties — which include food delivery app Caviar, loan engine Square Capital, and its ubiquitous credit card read
Cramer unveils his latest investing theme: Empowering the little guy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, thousands, unveils, latest, using, online, empowering, company, small, empower, guy, business, little, cramer, investing, businesses, shopify, theme


Cramer unveils his latest investing theme: Empowering the little guy

Investors can now boost their capital and support small businesses in one fell swoop by following a new, growing theme in retail: using technology to empower small businesses, CNBC’s Jim Cramer said Wednesday.

The idea struck Cramer when he interviewed Shopify Chief Operating Officer Harley Finkelstein on Tuesday. Not only does the company help celebrities like Drake and Kylie Jenner sell their products online, the COO explained, but it also makes it easy for individuals without millions of social media followers to set up their own e-commerce operations.

“Shopify isn’t just a software company that enables e-commerce, it’s become the way for anyone to sell their own merchandise online,” Cramer said on “Mad Money.” “For every Kylie Jenner who builds a billion-dollar brand powered by Shopify and clever social media campaigns, I think there are thousands of people who are working to fulfill their own dreams — dreams that never would’ve gotten anywhere before Shopify launched its platform.”

In fact, Shopify actually negotiates lower costs for its customers, offering services like Shopify Payments and Shopify Shipping that cut out third-party charges and hidden fees. It also recently launched a cash-advance program, using the data it collects from its customers to offer loans that they might not have been able to secure themselves.

Tech-forward payments company Square has a similar mission. Its various properties — which include food delivery app Caviar, loan engine Square Capital, and its ubiquitous credit card readers — are all meant to make small business simpler. Or take website development platform Wix.com, which helps people create websites that rival professionally built pages.

“Obviously, using Adobe tools, you can design pretty much anything,” Cramer continued. “Salesforce.com … has empowered thousands of people to learn how to code and develop fabulous businesses through its Trailhead program.”

And the “Mad Money” host couldn’t talk small business empowerment without mentioning Etsy, the online marketplace for crafted and handmade goods that connects small-scale sellers with massive global audiences. Its products, he said, “show you care more than if you just, say, went to the mall.”

“Put it all together and these technology companies are doing incredible things to empower small businesses,” Cramer said. “I want to keep coming back to this theme because I’m betting the stocks I just mentioned may be worth more than we think, especially Shopify. And, hey, if you run a small business, tell me about the companies that are helping to empower you — go to Twitter, @JimCramer, and let me know. Let’s do this one together.”


Company: cnbc, Activity: cnbc, Date: 2019-02-13  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, thousands, unveils, latest, using, online, empowering, company, small, empower, guy, business, little, cramer, investing, businesses, shopify, theme


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

European markets open higher ahead of US-China trade talks

Market focus is largely attuned to global trade developments, with a delegation of U.S. officials set to travel to China for the next round of negotiations this week. The latest set of trade talks will take place in Beijing from Monday. Escalating tensions between the world’s two largest economies have cost both countries billions of dollars and roiled global financial markets. Back in Europe, investors are likely to monitor a preliminary quarter-on-quarter estimate of U.K. GDP growth rate data


Market focus is largely attuned to global trade developments, with a delegation of U.S. officials set to travel to China for the next round of negotiations this week. The latest set of trade talks will take place in Beijing from Monday. Escalating tensions between the world’s two largest economies have cost both countries billions of dollars and roiled global financial markets. Back in Europe, investors are likely to monitor a preliminary quarter-on-quarter estimate of U.K. GDP growth rate data
European markets open higher ahead of US-China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: sam meredith
Keywords: news, cnbc, companies, trade, european, uschina, ahead, latest, gdp, global, shares, set, talks, markets, higher, japan, uk, trading, open, data


European markets open higher ahead of US-China trade talks

Market focus is largely attuned to global trade developments, with a delegation of U.S. officials set to travel to China for the next round of negotiations this week.

The latest set of trade talks will take place in Beijing from Monday. It comes after discussions in Washington last week concluded without a deal.

Both sides are trying to secure a comprehensive trade agreement ahead of a March 1 deadline when U.S. tariffs on $200 billion worth of Chinese imports are scheduled to increase to 25 percent from 10 percent.

Escalating tensions between the world’s two largest economies have cost both countries billions of dollars and roiled global financial markets.

In Asia, Chinese shares whipsawed on Monday after they resumed trading following a week-long Lunar New Year holiday. The blue-chip index rose 0.4 percent, though trading volumes were still expected to be light with Japan on a public holiday.

MSCI’s broadest-index of Asia-Pacific shares, excluding Japan, was around 0.1 percent lower.

Back in Europe, investors are likely to monitor a preliminary quarter-on-quarter estimate of U.K. GDP growth rate data at around 9:30 a.m. London time. The U.K. is also expected to release annualized GDP data for December as well as the latest industrial production figures and trade balance data.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: sam meredith
Keywords: news, cnbc, companies, trade, european, uschina, ahead, latest, gdp, global, shares, set, talks, markets, higher, japan, uk, trading, open, data


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The latest in Thailand’s political drama: Ruling government dismisses #ThaiCoup rumors

Authorities said the military vehicles were being moved for an annual multinational military exercise that begins on Tuesday, multiple reports said. In 2014, the army seized power from a pro-Thaksin government with Prayuth, now a retired general, leading that movement. Another cause for the show of force could be anticipation of political unrest, according to Andrew MacGregor Marshall, lecturer at Edinburgh Napier University and a leading expert on Thai politics. There’s also a risk of Princess


Authorities said the military vehicles were being moved for an annual multinational military exercise that begins on Tuesday, multiple reports said. In 2014, the army seized power from a pro-Thaksin government with Prayuth, now a retired general, leading that movement. Another cause for the show of force could be anticipation of political unrest, according to Andrew MacGregor Marshall, lecturer at Edinburgh Napier University and a leading expert on Thai politics. There’s also a risk of Princess
The latest in Thailand’s political drama: Ruling government dismisses #ThaiCoup rumors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: nyshka chandran, brent lewin, bloomberg, getty images
Keywords: news, cnbc, companies, leading, party, political, marshall, electoral, ruling, rumors, military, told, constitution, latest, drama, thaicoup, thailands, dismisses, coup, thai


The latest in Thailand's political drama: Ruling government dismisses #ThaiCoup rumors

On Monday, the ruling government called the coup rumor “fake news” in the wake of the term #ThaiCoup trending on Twitter in the country, according to news wires Deutsche Presse-Agentur and Agence France-Presse. Authorities said the military vehicles were being moved for an annual multinational military exercise that begins on Tuesday, multiple reports said.

It’s not entirely clear why the military would have needed to forcibly take control. In 2014, the army seized power from a pro-Thaksin government with Prayuth, now a retired general, leading that movement. And, in its five years of rule, the military leadership has delayed elections several times. The March 24 vote is seen as a test of the country’s ability to return to democracy.

One reason for the coup rumors could be infighting between factions of the armed forces, Chambers suggested: “There has been a growing divide in the military over the junta government.”

Another cause for the show of force could be anticipation of political unrest, according to Andrew MacGregor Marshall, lecturer at Edinburgh Napier University and a leading expert on Thai politics.

The king, who traditionally commands the allegiance of the military, “may feel that recent events have thrown the election process into chaos, and he does not want political disarray to overshadow his coronation in early May,” Marshall said on Twitter.

There’s also a risk of Princess Ubolratana’s Thai Raksa Party getting kicked out of the electoral race, which could raise tensions. On Sunday, Srisuwan Janya, secretary-general of Thailand’s Association for the Protection of the Constitution, told Reuters that he would file a petition to disqualify the group.

“The royal announcement made it clear that the party violated electoral law,” the activist told the news agency, referring to the king’s Friday statement, which said her action amounted to a violation of the constitution.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: nyshka chandran, brent lewin, bloomberg, getty images
Keywords: news, cnbc, companies, leading, party, political, marshall, electoral, ruling, rumors, military, told, constitution, latest, drama, thaicoup, thailands, dismisses, coup, thai


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Reddit users are the least valuable of any social network

Reddit’s latest funding round values its users at a lower price than any other social network. Reddit did not immediately respond to a request for comment regarding its latest revenue details. That estimate would make Reddit’s ARPU significantly lower than other social networks, even those with similar MAUs. Facebook reported 2.32 billion MAUs in its latest report and ARPU of $7.37. Snap does not report global MAUs, but reported $2.09 ARPU in its latest quarterly report.


Reddit’s latest funding round values its users at a lower price than any other social network. Reddit did not immediately respond to a request for comment regarding its latest revenue details. That estimate would make Reddit’s ARPU significantly lower than other social networks, even those with similar MAUs. Facebook reported 2.32 billion MAUs in its latest report and ARPU of $7.37. Snap does not report global MAUs, but reported $2.09 ARPU in its latest quarterly report.
Reddit users are the least valuable of any social network Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: lauren feiner, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, social, arpu, revenue, network, million, reported, users, report, reddits, valuable, maus, reddit, latest


Reddit users are the least valuable of any social network

Reddit’s latest funding round values its users at a lower price than any other social network.

The company announced Monday it had raised $300 million in its Series D investment round at a valuation of $3 billion. CNBC previously reported the company’s annual revenue topped $100 million, according to sources familiar with the matter, and at 330 million monthly active users (MAUs), this would make Reddit’s average revenue per user (ARPU) about 30 cents. Reddit did not immediately respond to a request for comment regarding its latest revenue details.

That estimate would make Reddit’s ARPU significantly lower than other social networks, even those with similar MAUs. Twitter, for example, reported 321 MAUs for its latest quarterly report, and with annual revenue of about $3.04 billion in 2018, that would make its ARPU about $9.48.

Facebook reported 2.32 billion MAUs in its latest report and ARPU of $7.37. Snap does not report global MAUs, but reported $2.09 ARPU in its latest quarterly report.

Pinterest, which has yet to go public but is preparing for an IPO this year, says on its website it has 250 million monthly users. Pinterest declined to comment on their revenue, but a September article in The New York Times said the company was on track to top $700 million in revenue for 2018. That would bring its ARPU to about $2.80.

While Reddit’s value per user is much lower than its peers, it is betting its access to a valuable demographic will appeal to advertisers and potentially even draw their dollars from larger rivals like Facebook and Google. The company said half of its MAUs are between the ages of 18 and 24.

“When we are talking about competing for ad dollars, of course we are talking about Facebook and Google, who take up the vast majority of ad spend,” said Reddit CEO Steve Huffman in an interview with CNBC. “We are competing with anybody, or anywhere people spend their free time.”

-CNBC’s Julia Boorstin contributed to this report.

Subscribe to CNBC on YouTube

Watch: Reddit CEO: We’ve had a lot of investor attention in the last year


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: lauren feiner, david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, social, arpu, revenue, network, million, reported, users, report, reddits, valuable, maus, reddit, latest


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

European markets open lower amid earnings; Bank of England to announce rate decision

U.S. Treasury Secretary Steven Mnuchin said on Wednesday trade representatives from Washington and Beijing would both aim to reach a deal next week. In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, edged up 0.2 percent — reaching its highest level since early October. Sweden’s Volvo Cars, Denmark’s Vestas Wind and France’s Societe Generale are among some of the major companies set to release their latest quarterly figures on Thursday. Meanwhile, the Bank of England is set


U.S. Treasury Secretary Steven Mnuchin said on Wednesday trade representatives from Washington and Beijing would both aim to reach a deal next week. In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, edged up 0.2 percent — reaching its highest level since early October. Sweden’s Volvo Cars, Denmark’s Vestas Wind and France’s Societe Generale are among some of the major companies set to release their latest quarterly figures on Thursday. Meanwhile, the Bank of England is set
European markets open lower amid earnings; Bank of England to announce rate decision Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: sam meredith
Keywords: news, cnbc, companies, decision, announce, markets, england, bank, talks, set, worlds, european, yearback, wind, rate, open, release, weekus, earnings, latest, trade, lower


European markets open lower amid earnings; Bank of England to announce rate decision

Market focus is largely attuned to global trade developments, with officials from the world’s two largest economies poised to meet for a fresh round of talks next week.

U.S. Treasury Secretary Steven Mnuchin said on Wednesday trade representatives from Washington and Beijing would both aim to reach a deal next week. The talks come with less than three weeks to go before a March 2 deadline could see an increase in U.S. tariffs on Chinese products.

In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, edged up 0.2 percent — reaching its highest level since early October.

Trading was light on Thursday, with China’s financial markets closed for the Lunar New Year.

Back in Europe, investors are likely to monitor another batch of earnings. Sweden’s Volvo Cars, Denmark’s Vestas Wind and France’s Societe Generale are among some of the major companies set to release their latest quarterly figures on Thursday.

Meanwhile, the Bank of England is set announce its latest interest rate decision at midday. The U.K.’s central bank will also release its inflation report, with 50 days to go before the country is expected to leave the European Union.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: sam meredith
Keywords: news, cnbc, companies, decision, announce, markets, england, bank, talks, set, worlds, european, yearback, wind, rate, open, release, weekus, earnings, latest, trade, lower


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Tim Armstrong launches the dtx company, focused on direct-to-consumer

They’re innovating on things like payments, customer feedback, they’re innovating products, and they’re run by game-changing founders.” The six companies are largely focused on female consumers and include health beverage company Dirty Lemon, manicure company OIive & June, footwear maker Margaux, bra-maker Third Love, and Argent, which makes workwear for women. One investment, Niche, is not a product company but rather offers consumers a way to compare and analyze schools and neighborhoods. Late


They’re innovating on things like payments, customer feedback, they’re innovating products, and they’re run by game-changing founders.” The six companies are largely focused on female consumers and include health beverage company Dirty Lemon, manicure company OIive & June, footwear maker Margaux, bra-maker Third Love, and Argent, which makes workwear for women. One investment, Niche, is not a product company but rather offers consumers a way to compare and analyze schools and neighborhoods. Late
Tim Armstrong launches the dtx company, focused on direct-to-consumer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: julia boorstin, cameron costa
Keywords: news, cnbc, companies, experiences, kapur, try, armstrong, directtoconsumer, latest, consumers, company, launches, focused, theyre, products, things, tim, dtx


Tim Armstrong launches the dtx company, focused on direct-to-consumer

Today Armstrong is announcing dtx’s first round of investments, which he characterizes as “direct to consumer companies that are making a core part of someone’s life better. They’re innovating on things like payments, customer feedback, they’re innovating products, and they’re run by game-changing founders.”

The six companies are largely focused on female consumers and include health beverage company Dirty Lemon, manicure company OIive & June, footwear maker Margaux, bra-maker Third Love, and Argent, which makes workwear for women. One investment, Niche, is not a product company but rather offers consumers a way to compare and analyze schools and neighborhoods.

Later this year, Armstrong plans to launch “experiences” featuring a broad range of direct-to-consumer companies.

He describes the experiences, which will pop up around the country, as a cross between the Consumer Electronics Show and Coachella. In a space as large as a football field consumers will be able to experience more than 20 different brands, which until now have lived primarily online. Consumers will be able to try new fitness equipment, taste the latest food and beverages, try the latest entertainment experiences, such as virtual and augmented reality, and check out new products.

Armstrong says this “festival of the future” is designed for markets such as Memphis, which are underserved in terms of these kinds of products and experiences.

“We want to go to the places that don’t have access to all the cool things happening in New York, LA and San Francisco but have growing income and interest,” says Armstrong.

Armstrong is also launching another tech company, based in Santa Monica and co-founded and co-funded with Amit Kapur, which he described as a “talent platform.” Kapur is the former COO of MySpace and sold his adtech start-up Gravity to AOL.

Here’s the letter Armstrong is sending to friends and family to explain his new venture.


Company: cnbc, Activity: cnbc, Date: 2019-02-06  Authors: julia boorstin, cameron costa
Keywords: news, cnbc, companies, experiences, kapur, try, armstrong, directtoconsumer, latest, consumers, company, launches, focused, theyre, products, things, tim, dtx


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Dow futures seen slightly lower; Alphabet set to report earnings

U.S. stock index futures were slightly lower Monday morning, as market participants awaited another batch of quarterly corporate results. ET, Dow Jones Industrial Average futures slipped 15 points, indicating a negative open of more than 36 points. A U.S. Labor Department report on Friday showed nonfarm payrolls jumped by 304,000 last month — the largest gain since February 2018. In corporate news, Alexion Pharma, Clorox and Sysco are among the major companies scheduled to report their latest re


U.S. stock index futures were slightly lower Monday morning, as market participants awaited another batch of quarterly corporate results. ET, Dow Jones Industrial Average futures slipped 15 points, indicating a negative open of more than 36 points. A U.S. Labor Department report on Friday showed nonfarm payrolls jumped by 304,000 last month — the largest gain since February 2018. In corporate news, Alexion Pharma, Clorox and Sysco are among the major companies scheduled to report their latest re
Dow futures seen slightly lower; Alphabet set to report earnings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: sam meredith
Keywords: news, cnbc, companies, figures, slightly, dow, latest, alphabet, lower, set, corporate, earnings, index, largest, seen, week, markets, futures, points, report


Dow futures seen slightly lower; Alphabet set to report earnings

U.S. stock index futures were slightly lower Monday morning, as market participants awaited another batch of quarterly corporate results.

At around 3:00 a.m. ET, Dow Jones Industrial Average futures slipped 15 points, indicating a negative open of more than 36 points. Futures of the S&P and Nasdaq were also seen relatively downbeat.

The moves in pre-market trade come after a surge in optimism on Wall Street at the end of last week. A U.S. Labor Department report on Friday showed nonfarm payrolls jumped by 304,000 last month — the largest gain since February 2018.

The jobs report, along with better-than-expected manufacturing figures, pointed to underlying strength in the world’s largest economy.

Trading was subdued on Monday, with many regional markets in Asia closed for the Lunar New Year. China’s financial markets are closed all week, with South Korea’s index set to reopen on Thursday.

On the data front, investors are likely to monitor factory orders figures for November at around 10:00 a.m. ET.

In corporate news, Alexion Pharma, Clorox and Sysco are among the major companies scheduled to report their latest results before the opening bell. Alphabet, Gilead Sciences and Seagate Technology are all expected to publish their latest figures after the bell.


Company: cnbc, Activity: cnbc, Date: 2019-02-04  Authors: sam meredith
Keywords: news, cnbc, companies, figures, slightly, dow, latest, alphabet, lower, set, corporate, earnings, index, largest, seen, week, markets, futures, points, report


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Indonesian ride-hailing firm Go-Jek hits big number with latest fundraising effort

Indonesian ride-hailing company Go-Jek said Friday it had finalized the first closing of its ongoing Series F fundraising efforts. An industry source familiar with the matter told CNBC that Go-Jek raised just more than $1 billion with the first close of the Series F funding round. Investors included tech giants Google and Tencent as well as Chinese e-commerce player JD.com and Japan’s Mitsubishi Corporation. The company said the proceeds would be used to expand and deepen Go-Jek’s presence in it


Indonesian ride-hailing company Go-Jek said Friday it had finalized the first closing of its ongoing Series F fundraising efforts. An industry source familiar with the matter told CNBC that Go-Jek raised just more than $1 billion with the first close of the Series F funding round. Investors included tech giants Google and Tencent as well as Chinese e-commerce player JD.com and Japan’s Mitsubishi Corporation. The company said the proceeds would be used to expand and deepen Go-Jek’s presence in it
Indonesian ride-hailing firm Go-Jek hits big number with latest fundraising effort Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: saheli roy choudhury, afif c kusuma, istock editorial, getty images
Keywords: news, cnbc, companies, latest, effort, fundraising, number, firm, big, presence, industry, indonesian, expand, tech, ridehailing, gojek, countries, series, indonesia, hits


Indonesian ride-hailing firm Go-Jek hits big number with latest fundraising effort

Indonesian ride-hailing company Go-Jek said Friday it had finalized the first closing of its ongoing Series F fundraising efforts.

Go-Jek’s release did not disclose the amount of fresh funds raised.

An industry source familiar with the matter told CNBC that Go-Jek raised just more than $1 billion with the first close of the Series F funding round.

Investors included tech giants Google and Tencent as well as Chinese e-commerce player JD.com and Japan’s Mitsubishi Corporation.

The company said the proceeds would be used to expand and deepen Go-Jek’s presence in its home market, Indonesia, as well as Singapore, Vietnam and Thailand.

“We started out with ride-hailing but in a short space of time have become Indonesia’s industry leader across all key verticals including transport, food delivery, mobile payments, logistics, and merchant services,” Nadiem Makarim, CEO of Go-Jek Group, said in a statement.

“As we expand internationally, we are excited to extend our vision to more countries and at the same time put Indonesia on the map as a regional hub for tech innovation,” he said.

Go-Jek has a presence in 204 cities and regencies across five countries in Southeast Asia. It has more than 2 million drivers and about 400,000 merchants on its platform.


Company: cnbc, Activity: cnbc, Date: 2019-02-01  Authors: saheli roy choudhury, afif c kusuma, istock editorial, getty images
Keywords: news, cnbc, companies, latest, effort, fundraising, number, firm, big, presence, industry, indonesian, expand, tech, ridehailing, gojek, countries, series, indonesia, hits


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump and Pelosi harden their positions in the latest border wall fight

WASHINGTON – There are about two weeks until large sections of the government could shut down again, but neither President Donald Trump nor House Speaker Nancy Pelosi appear ready to back off their positions on funding for Trump’s proposed southern border wall. Last week, Trump signed a short-term measure, which lacked funding for a wall despite his demands, to reopen the government and end a record-long shutdown. But as negotiators from both parties met to begin hammering out a deal that could


WASHINGTON – There are about two weeks until large sections of the government could shut down again, but neither President Donald Trump nor House Speaker Nancy Pelosi appear ready to back off their positions on funding for Trump’s proposed southern border wall. Last week, Trump signed a short-term measure, which lacked funding for a wall despite his demands, to reopen the government and end a record-long shutdown. But as negotiators from both parties met to begin hammering out a deal that could
Trump and Pelosi harden their positions in the latest border wall fight Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: christina wilkie, jonathan ernst, win mcnamee, getty images
Keywords: news, cnbc, companies, latest, security, fight, told, harden, house, border, funding, dont, positions, pelosi, waste, trump, shut, wall


Trump and Pelosi harden their positions in the latest border wall fight

WASHINGTON – There are about two weeks until large sections of the government could shut down again, but neither President Donald Trump nor House Speaker Nancy Pelosi appear ready to back off their positions on funding for Trump’s proposed southern border wall.

“There’s not going to be any wall money in the legislation,” Pelosi, D-Calif., told reporters on Thursday morning as congressional Democrats unveiled their opening offer for border security funding, part of a formal negotiating process currently underway on Capitol Hill.

Last week, Trump signed a short-term measure, which lacked funding for a wall despite his demands, to reopen the government and end a record-long shutdown. But as negotiators from both parties met to begin hammering out a deal that could pass the House and Senate, 16 blocks away at the White House, Trump was eagerly playing the role of third man in the room.

“I don’t expect much coming out of this committee,” Trump told reporters at a midday photo-op. “I keep hearing the words ‘we’ll give you what you want.’ The problem is, if they don’t give us a wall, it doesn’t work. Without a wall, it doesn’t work.”

Trump accused Pelosi of “just playing games,” and said that if the committee reached an agreement by the Feb. 15 deadline that did not contain adequate wall funding, “I don’t even want to waste my time reading what they have, because it’s a waste of time. Because the only thing that works for security and safety for our country is a wall.”

The president’s tone appeared to shut the door on what had, briefly on Thursday, seemed like a potential opening from Pelosi, albeit one buried in the details of her proposal.


Company: cnbc, Activity: cnbc, Date: 2019-01-31  Authors: christina wilkie, jonathan ernst, win mcnamee, getty images
Keywords: news, cnbc, companies, latest, security, fight, told, harden, house, border, funding, dont, positions, pelosi, waste, trump, shut, wall


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post