Despite six months of deteriorating labor market conditions (based on The Fed’s 19-factor all-sining-all-dancing ‘experimental’ model”) initial jobless claims beat expectations printing a near 43-year low 254k. Once again, providing no excuses for a data-dependent Fed to hike rates…
So who is right – The Fed or The Department of Labor?
from ZeroHedge
Rentomojo, a startup pioneering an interesting alternative for furnishing homes in India, has landed $5 million in fresh financing to further scale its business. The money was provided by Accel and IDG Ventures, and it follows a $2 million raise last November from the same investors. Read More
from TechCrunch
ClassPass is not the only startup looking to disrupt the fitness class business. Zenrez also lets users book yoga sessions on demand, but without the packages or the monthly membership costs. The Zenrez app, which like ClassPass is powered by MindBody, shows nearby fitness classes on a map. The pay-as-you-go service is specifically designed for last-minute bookings — users can only… Read More
from TechCrunch
Line, the mobile messaging app from Japan, is going public today in a dual Japan-U.S. IPO that is set to be the largest of a tech company this year to date. Yet, despite that, precious little is known about the company outside of Asia, where the vast majority of its users are located. Read More
from TechCrunch
Even if you’re an active photo or video creative, chances are that your gear will be gathering dust on a shelf at least part of the time. At the same time, other photographers and filmmakers are in need of equipment. If that sounds like a business opportunity, ShareGrid is way ahead of you, raising $1 million from Archer Gray and MHS Capital to grow beyond its test markets and open… Read More
from TechCrunch
A San Francisco startup called Trace Genomics wants to help farmers diagnose and improve the health of the soil where they want to raise crops before it’s harvest time and too late to change course.
So the startup has developed a soil testing kit and “pathogen panel,” that tells the growers of high-value crops, like berries or lettuce, whether or not their soil has harmful… Read More
from TechCrunch
In coordination with Super Bowl 50 at Levi’s Stadium, TechCrunch partnered with Stanford’s Graduate School of Business and the National Football League on 1st & Future, a competition for startups looking to advance the stadium experience, enhance how fans enjoy the game at home and improve the performance and safety of athletes.
Radd3, one of the startups competing in the… Read More
from TechCrunch
Behavox is a London-based startup that has built “compliance surveillance software” to enable financial institutions to search and interrogate huge amounts of employee-generated data in real-time, such as emails, text messages and voice calls, to identify potential rogue activity. Read More
from TechCrunch
If the shoe fits, keep it! That’s the goal of True Fit, which helps shoe and apparel businesses cut down on e-commerce returns. Read More
from TechCrunch
SirionLabs, an India-headquartered company that uses tech to help companies manage their contracts and relationships with suppliers, has completed a $12.25 million Series B round. The round, which takes SirionLabs to $16 million raised, was led by Sequoia India with participation from QualGro ASEAN Fund and Canopy Ventures. Read More
from TechCrunch