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Better.com CEO Vishal Garg

Digital mortgage start-up Better.com is now worth $550 million following a new investment from Ally Bank

The investment values Better.com, which Vishal Garg founded in 2014, at $550 million, sources said.
The Kensho team with Goldman Sachs' now CFO Marty Chavez.

The story behind S&P Global’s $550 million deal to buy hot Wall Street AI startup Kensho

BI PRIME: S&P Global snapped up fintech company Kensho in a $550 million deal.

A hedge fund manager who makes a killing when stocks go haywire told us there’s about to be a market avalanche

BI PRIME: The collapse of the XIV, a leveraged bet on low volatility, is just 'the tip of the iceberg.'

Here’s what Goldman Sachs, UBS, Deutsche Bank and more are saying about the global stock market rout

BI PRIME: The Dow Jones suffered its biggest single-day points drop in history on Monday, setting off similar equity market falls in Asia and Europe.
Britain's Palace of Westminster is silhouetted against the setting sun, London

Hedge fund Brevan Howard has had a solid start to 2018 after losing almost $4 billion in assets in 9 months

BI PRIME: Brevan Howard continues to bleed assets even as some funds post gains.
Traders work on the floor of the NYSE in New York

Wall Street is freaking out about inflation — and there’s one good reason that’s a major overreaction

BI PRIME: The biggest spike in wages since 2009, which accompanied a fairly robust employment report showing 200,000 new jobs were added to the economy in January, fits a pattern of recent data points hinting at firmer inflation

Dealmaking is off to a scorching start — and one Wall Street CEO says it could just be the beginning

BI PRIME: Several ingredients are present that could keep the hot M&A market humming along, according to Lazard CEO Ken Jacobs.

Bank of America issues its strongest sell signal yet as stocks plummet

BI PRIME: The Bull & Bear indicator managed by Bank of America Merrill Lynch has finally flashed a firm sell signal after weeks of overextended conditions.
Bitcoin themed balloons float in the air during the "Inside Bitcoins: The Future of Virtual Currency Conference" in New York April 8, 2014.

The bitcoin crash is a blessing in disguise for the US financial system

BI PRIME: The rapid crash in bitcoin challenges the notion that it's a stable store of value, and raises concerns about possible spillover into other markets.
US Treasury Secretary Steven Mnuchin

The White House is making the ‘cold currency war’ worse, and that could continue to wreck the dollar

BI PRIME: Treasury Secretary Steven Mnuchin's comments recent impaired the market's confidence in a hands-off approach to the dollar from the White House.