Oil prices slide to lowest point in 18 months after US Fed raises rates

Oil prices slumped on Friday with the Brent crude benchmark falling to the lowest point in 18 months – below $ 53 per barrel. It comes after the US Federal Reserve hiked interest rates, spooking the market. US crude benchmark West Texas Intermediate (WTI) fell nearly 1 percent to $ 45.32 a barrel, also marking […]

Border wall GoFundMe campaign raises $1.6mn in 2 days

Over two years of funding disappointments for Trump’s signature campaign promise has left voters desperately trying to pick up the tab Mexico wouldn’t, while Trump turns to making ultimatums. A GoFundMe account started by a military veteran has raised over $ 1.6mn within two days of its launch, which, while impressive, remains a far cry from the $ […]

Lucid Software raises $75 million to grow its web-based design and diagramming software

Lucidchart has raised $ 72 million to grow its web-based design and diagramming tool. Web-based visual design platform Lucid Software has raised $72 million in a round of funding from Meritech Capital, Iconiq Capital, and Spectrum Equity. Founded in 2010, Lucid Software is best known for its flagship Lucidchart product, which is kind of like a Microsoft Visio-style […]

Trump’s unusual Fed bashing raises the stakes of a policy blunder that damages the economy

Jacquelyn Martin/AP President Donald Trump is blaming the Federal Reserve for the stock market’s sell-off.  While it’s unusual for the US president to publicly bash the Fed, many investors agree that fears of higher interest rates are partly responsible for the volatility.  By pitting himself against the Fed, Trump is raising the stakes of a […]