Financial Markets
Top stories summarized by our editors
2/22/2018

NVCA is providing resources to help venture capital firms recognize and address sexual harassment, discrimination and other workplace issues. NVCA published HR documents aimed at helping members "address sexual harassment and create a more welcoming industry," said President and CEO Bobby Franklin, who also acknowledged that the industry has further to go.

2/22/2018

Gabi, a startup with offices in San Francisco and Lodz, Poland, raised $9.5 million in its first institutional funding round. The startup automates the search for consumer insurance.

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VentureBeat
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Gabi
2/22/2018

Legislation to broaden the authority of the Committee on Foreign Investment in the United States would, if passed, raise serious questions when a US startup receives a foreign investment, "even if that investment is for a small stake in a startup or when co-investing with US investors," said Scott Kupor, NVCA chair. The proposal creates filing obligations for US venture capital funds with "any amount" of foreign investment, he said.

2/22/2018

The Federal Register is scheduled to publish the official notice of the repeal of the Federal Communications Commission's net neutrality rules today. The formal notice opens the door to court challenges to the FCC's action.

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Axios
2/22/2018

Prophesee, a French startup developing machine vision technology that can be put to use in self-driving vehicles and robotics, has raised $19 million. The startup will put the money to work on accelerated development and commercialization of its systems.

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VentureBeat
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Prophesee
2/22/2018

The most recent funding round for French marketing startup Tinyclues brought in $18 million. The startup designs marketing campaigns based on what it calls "deep AI technology."

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TechCrunch
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Tinyclues
2/22/2018

Transportation data startup Moovit raised $50 million in a funding round led by Intel Capital. It will be used for product development and expansion.

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VentureBeat
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Intel Capital
2/22/2018

ParkBee, a European parking technology startup, raised $6 million in a funding round that included an investment from the venture funding arm of Statkraft Group, a producer of renewable energy. ParkBee developed and runs a system for booking otherwise unused parking spaces.

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TechCrunch
2/22/2018

CMTs Stephen Suttmeier and Chris Verrone agree with fellow CMT Russ Visch that a rally of the Standard & Poor's 500 index has insufficient breadth and that a downturn is expected before any revival. Researchers cite past instances, such as short-term rallies in 1987 that proved to be false dawns preceding bearishness.

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Chris Verrone, Stephen Suttmeier
2/22/2018

Technical analyst Ari Wald, CMT, disputes a widely held assumption that markets suffer when interest-rate increases are prevalent. Wald refers to a chart dating to 2000 that compares the 10-year US Treasury yield with progress of the Standard & Poor's 500 index and points out falling rates are more likely to coincide with market decline.

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CNBC
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Ari Wald, CMT