Tag: Closing

Active ETF Trailblazer WBI to Ring The Closing Bell

WBI celebrates 6 years since record-breaking ETF launch

WBI will ring The Closing Bell® at the New York Stock Exchange (NYSE) on Thursday, October 8, 2020. The virtual ceremony commemorates the firm’s initial launch into the ETF space in 2014.

“We are excited to be part of The Closing Bell® virtual ceremony. Six years ago, WBI had the largest single day ETF launch in history. We are excited to be a small piece of the New York Stock Exchange’s innovative history. This year is an exciting year for active ETFs, our suite of active (transparent) and risk-managed ETFs have helped investors navigate 2020’s volatile markets,” said Don Schreiber, Jr., Founder and Co-CEO of WBI.

In 2014, WBI launched a suite of active transparent ETFs with the firm’s time-tested dynamic trailing stops that seek to reduce loss of capital. The strategies have no mandate to be fully invested and

Read More

Real estate brokerage Compass to acquire Seattle-based home closing startup Modus

Modus CEO Alexander Day; co-founder Jai Sim; and Abbas Guvenilir. (Modus Photo)

New York-based real estate brokerage and tech company Compass will acquire Modus, a Seattle startup that automates the title and escrow phase of closing on a home.

Compass plans to integrate Modus’ software into its tech-fueled platform used by more than 18,000 real estate agents across 165-plus U.S. cities. The Modus brand will continue to exist and its 60-plus employee team will join Compass, which employs more than 2,000 people.

Founded in 2018, Modus digitizes the home closing process. Last year it raised a $12.5 million round co-led by NFX and Felicis Ventures. Other backers include Liquid 2 Ventures; Mucker Capital; Hustle Fund; 500 Startups; Rambleside; and Cascadia Ventures. The company has raised $14 million to date.

“Compass’s customer-first approach is right in line with the way we think about our business – since day one we have

Read More

Google is closing a loophole for developers to avoid paying its in-app payment tax

  • Google announced in a blog post on Monday that it’s closing a loophole which allows some developers to side-step its 30% tax on in-app payments.
  • Developers will have until September 31 2021 to integrate Google’s billing system.
  • Google also said it will make it easier for users to install alternative app stores to its own.
  • The change may mean apps such as Netflix, Spotify, and Tinder which have avoided the 30% fee put up their prices on the Play Store.
  • Visit Business Insider’s homepage for more stories.

Google said it will clamp down on a loophole that allows big developers like Netflix and Spotify avoid paying 30% commission on in-app payments.

Until now, developers have been able to side-step the 30% commission that comes with using Google’s in-app payment system by getting users to enter their card details directly.

Google’s vice president for product management, Sameer Samat, wrote in a

Read More

QuestEx Gold & Copper Announces Closing of Oversubscribed Private Placement and Appointment of New Technical Advisors

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES/

TSXV: QEX

VANCOUVER, BC, Sept. 28, 2020 /CNW/ – QUESTEX GOLD & COPPER LTD. (TSXV: QEX) (“QuestEx)” or the “Company“), formerly Colorado Resources Ltd., is pleased to announce that it has closed the non-brokered private placement (the “Offering“) previously announced on August 26, 2020. Due to strong investor demand, the Company increased the gross proceeds of the Offering from $1,500,000 to $1,773,475 by issuing a total of 2,533,535 units (the “Units“) at an issue price of $0.70.

Joe Mullin, CEO of QuestEx Gold & Copper comments: “We are pleased with the strong investor support QuestEx has received in this private placement and I would like to thank our team and strong shareholder base. We are excited to

Read More

800,000 people have used Fidelity National Financial’s new closing tech

StartSafe, which debuted in February, is meant to make real estate transactions faster and safer. FNF announced Tuesday that it has sent the product to 800,000 consumers.

Fidelity National Financial, which provides title and real estate transaction services, announced Tuesday that hundreds of thousands of people have used its secure transaction workspace just months after it debuted.

The workspace is called startSafe. It’s meant to offer consumers a safer, better way to conduct real estate deals than the traditional email-and-paper version that’s still common in much of the industry. In a statement Tuesday, Fidelity National Financial (FNF) said it has now delivered over 800,000 startSafe packages to consumers, more than 70 percent of which were opened.

Additionally, of the consumers that began working with the startSafe product, 85 percent completed the process.

Randy Quirk

In a statement, FNF CEO Randy Quirk called that level of adoption “a remarkable achievement.”

“This

Read More

Still The Best Smartwatch, But The Gap Is Closing

Last year’s Apple Watch Series 5 was one of the most minor iterative updates I could remember for a high profiled tech product. It was basically an Apple Watch 4 but with a screen that could stay on consistently. Everything else from build to chip was the same. It was particularly jarring considering the Series 4 had made huge improvements over the Series 3. But still, despite the minimal upgrade, the Series 4 was still the best smartwatch on the market.

The improvements made this year from the Series 5 to brand new Series 6, while still not huge, is more relevant than last year’s. We get a new chip inside this time, and one new health feature (well, new for Apple anyway) that can be considered crucial for health.

But even if the annual Watch improvements have become incremental—perhaps a testament to

Read More

Burgundy Technology Acquisition Corp Announces Closing of Underwriters’ Over-Allotment Option In Connection With Its Initial Public Offering

NEW YORK–(BUSINESS WIRE)–Sep 18, 2020–

Burgundy Technology Acquisition Corporation (the “Company”), which is co-founded and led by tech industry veterans Léo Apotheker and Jim Mackey, announced today that it closed the issuance of an additional 4,500,000 units pursuant to the full exercise of the underwriters’ over-allotment option in connection with its initial public offering at $10.00 per unit, resulting in gross proceeds of $45,000,000 and bringing the total gross proceeds of the initial public offering to $345,000,000.

The Company’s units are listed on the Nasdaq Capital Market (“Nasdaq”) and commenced trading under the ticker symbol “BTAQU” on August 27, 2020. Each unit consists of one of the Company’s Class A ordinary shares and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants will trade and are exercisable. Once the securities

Read More

How China Is Closing In on Its Own Digital Currency

Not all the details are out, but according to new patents registered by the PBOC and official speeches, it could work something like this: Consumers and businesses would download a digital wallet onto their mobile phone and fill it with money from their account at a commercial bank — similar to going to an ATM. They then use that money — dubbed Digital Currency Electronic Payment, or DCEP — like cash to make and receive payments directly with anyone else who also has a digital wallet. Some questions remain, including the impact on Big Tech companies such as Ant Group Co. and Tencent Holdings Ltd. that already offer payment services.

2. Where is it being tested?

The PBOC gave the green light in April for some commercial lenders to conduct internal, hypothetical-use tests of the digital yuan in Suzou, Xiong’an, Chengdu and Shenzhen as well as the 2022 Winter Olympics

Read More