Intrepid Private Capital Group Financial News Blog

Intrepid Private Capital Group

Startup 101 – Choosing a Profitable Industry

So, you’re thinking about starting your own business? Being an entrepreneur certainly has its perks, such as the ability to set your own hours, be your own boss, and control your financial destiny. Here are some tips to help you achieveĀ startup success. The success of a startup relies heavily on the industry itself. If you…

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IMF Places China’s Yuan in Reserve Basket

The International Monetary Fund (IMF) announced earlier this month that it would be placing China’s currency, the yuan, in its Special Drawing Rights (SBR) basket of reserve currencies, alongside other globally recognized currencies like the dollar, euro, pound and yen. The world’s most populated country has been pushing the IMF to place its currency in…

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University of California Launches Capital Investment Fund

The University of California has opened a $250 million fund designed specifically for capital investments. The University made this announcement on December 16, saying the new fund would provide much-needed capital to early-stage companies. The University of California’s Board of Regents approved the fund, giving it the green light to operate. Once active, entrepreneurs and…

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US Employment Numbers Signal Towards Interest Rate Hike

There’s new evidence indicating that the U.S. Federal Reserve will increase interest rates by the end of the year. According to data released by the Department of Labor (DOL), more than 211,000 new jobs were created last month. This is roughly 35,000 more than the previously projected amount. With higher employment numbers comes speculation that…

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Investments in Renewable Energy Up 18%

As climate change becomes a leading topics for world leaders, more and more investors are looking to capitalize on the growing trend of renewable energy. According to a recent report published by the advisory group Climate Policy Initiative (CPI), investments in solar power, wind power, and other activities which are aimed to reduce greenhouse gas…

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SEC Announces Startup Investing via Crowdfunding

The U.S. Securities and Exchange Commission (SEC) voted 3-1 in favor of allowing individual investors and investment groups to purchase stock in startup companies using crowdfunding platforms like IndieGoGo and GoFundMe. Crowdfunding has become a common technique used by startups to generate capital. It involves business owners and entrepreneurs who publish their plan on a…

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Report: Banks May Lose 60% Retail Profits to Tech Startups

Banks may lose more than half of their retail profits to tech startups over the next ten years. According to an eye-opening report published by the financial consulting firm McKinsey & Co., banks face a 60% loss of retail profits to new tech companies. The firm revealed that banks are turning a roughly $1 trillion…

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IMF Looks to Cut Global Outlook

The International Monetary Fund (IMF) will be cutting its global outlook amid weak commodity prices in emerging markets. Established December 1945, the IMF is an organization of some 188 countries working to promote greater trade cooperation, financial security, employment and economic growth, and to lower poverty rates. Each country member of the IMF contributes funds…

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UK Economy Sees 0.7% Quarterly Growth

If you keep up with financial news surrounding the global economy, you are probably well aware of the recent downturn experienced by the U.S., China, Japan, the U.K., and several other nations. It’s believed that China’s devaluation of its currency triggered this selloff, causing markets to drop by as much as 10% in just a…

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Feds Postpone Interest Hike… Again

You can take a deep sigh of relief, because the Federal Reserve has announced that it will postpone interest rate hikes. In the wake of the U.S. housing market crash, the Feds have kept interest rates at near-record lows in an effort to stimulate the economy. When interest rates are low, consumers can buy homes,…

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OppenheimerFunds Encouraging Global Investments

OppenheimerFunds has launched a new campaign in an effort to encourage people to invest in global commodities and markets. Dubbed “Invest in a Beautiful World,” this campaign follows the firm’s existing framework, which involves global investments in emerging economies. Of course, the timing for OppenheimerFunds’ new campaign couldn’t be more appropriate. In recent months, marks…

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Warren Buffet’s Bold New Plan to Capitalize on Global Markets

American investor, philanthropist and CEO of Berkshire Hathaway Warren Buffet has announced a bold new plan to capitalize on the up-and-down global financial markets. In a recent press release, Buffet saidĀ  his company, Berkshire Hathaway, would acquire Precision Castparts Corp. for a jaw-dropping $32.36 billion, making it the company’s largest investment ever. Given the fact…

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