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Revolut plans to raise $500 mln next year to fund global expansion

British-based digital banking app Revolut is in talks with investors to raise at least $500 million next year to fund a global hiring spree as it expands in markets including the United States and Japan. "We want to raise at least $500 million in direct equity and potentially, maybe at a later stage, up to $1 billion in convertible (debt)," its CEO and co-founder Nikolay Storonsky told Reuters in an interview on Tuesday. "We have done soft marketing with investors and we are continuing doing it, so hopefully in the next several months, we'll get it done," Storonsky said of the fund raising.

Overstock: 3Q Earnings Snapshot

StockBeat: Overstock Nosedives to 7-Year Low After Missing Forecasts

Invesitng.com – Overstock slumped to a seven-year low Tuesday after the online retailer reported a larger loss than expected as efforts to rein in marketing activities hurt sales.

FirstFT: Today’s top stories

of how the European Central Bank sets monetary policy, with senior colleagues using the start of her presidency to argue for changes, including formal votes on setting interest rates. Officials at four of the national central banks represented on the ECB’s governing council, its top policymaking body, told the Financial Times that they would make proposals at a meeting on Wednesday ranging from regular votes on monetary policy to requesting that the president did not announce policy plans early. Votes on interest rates — the highest-profile decisions taken by the ECB — are held only on the initiative of the bank’s president.

The wealth tax plan worrying US billionaires

The debate over whether the US should impose a federal tax on wealth has gripped US politics after Democratic candidate for president Elizabeth Warren tabled the plan as one of the pillars of her campaign. Microsoft founder Bill Gates last week questioned whether Ms Warren would be willing to sit down with him to discuss the plan — she responded that she would love to explain to him exactly what he might pay. Most of the US federal government’s revenue comes from taxes on income, such as personal salaries and corporate profits.

Stocks - Boeing, Goldman Sachs, Alibaba Fall Premarket

Investing.com - Stocks in focus in premarket trading on Monday:

Stocks - U.S. Futures Slump as Hong Kong Chaos Rattles Investors

Investing.com - U.S. futures slumped on Monday, as worsening unrest in Hong Kong caused market jitters and hopes for trade detente between the U.S. and China receded.

LinkedIn: social nerds’ work

LinkedIn is social media for business nerds. That seems like a thoroughly good thing when Facebook is mired in controversies. These include spyware on its WhatsApp service and disputes over promotional ...

Digital human rights are next frontier for fund groups 

Politicians publicly grilling technology chiefs such as Facebook’s Mark Zuckerberg is all too familiar for investors. “There isn’t a day that goes by where you don’t see one of the tech companies talking to Congress or being highlighted for some kind of controversy,” says Lauren Compere, director of shareholder engagement at Boston Common Asset Management, a $2.4bn fund group that invests heavily in tech stocks. Fallout from the Cambridge Analytica scandal that engulfed Facebook was a wake-up call for investors such as Boston Common, underlining the damaging social effects of digital technology if left unchecked.