Ant Is Worth 50% More Than Goldman With $150 Billion Valuation

Ant Is Worth 50% More Than Goldman With $150 Billion Valuation

  • China fintech leader’s reported funding round lifts valuation
  • Berkshire, JPMorgan are each worth more than $375 billion

BLOOMBERG TECHNOLOGY

Ant Financial’s latest round of funding, reported to involve Singapore’s Temasek Holdings Pte, is said to value the Chinese provider of mobile payments at about $150 billion — 50 percent more than Goldman Sachs Group Inc.’s market capitalization.

That would not only make Zhejiang Ant Small & Micro Financial Services Group the world’s most-valuable startup, it would jump the payments business founded by Alibaba Group Holding Ltd. Chairman Jack Ma into the top 15 among banks, insurers and credit providers by market value.

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The 6 Best Home Upgrades for Under $1,000

The 6 Best Home Upgrades for Under $1,000

TIME

Pop quiz: Would you rather buy a home with 1990s laminate countertops or pristine marble? It seems like an easy “A,” yet many home sellers are so immune to pre-existing (read: old) features in their homes that they can’t understand why buyers can’t see past them too. But even if you aren’t ready to list your home just yet, a few smart changes can make a big difference in adding to your home’s value — especially in competitive markets like Los Angeles, CA.

If you want to increase your profit potential, strategic home improvement ideas in these six categories — some of which won’t cost you a thing — will give you the biggest return on your investment.

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The 10 best high schools in the US

The 10 best high schools in the country

CNBC

Students at these 10 high schools have a lot to be proud of.

U.S. News & World Report analyzed data from 22,000 public high schools in 50 states and the District of Columbia and found that 10 schools stood out as the best in the country.

They considered factors such as graduation rate, college readiness and educational equity in order to calculate their rankings.

Check out the 10 best high schools in the country:

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8 Essential Qualities That Define Great Leadership

8 Essential Qualities That Define Great Leadership

FORBES

Company leaders are facing a crisis. Nearly one-third of employees don’t trust management. In addition to this, employers now have to cater to the needs of the millennial generation. On average, after graduating from college, a millennial will change jobs four times before they are 32. Most of them also don’t feel empowered on their current jobs.

It’s clear that many leaders are failing to foster a sense of trust and loyalty in their employees. Fortunately, that doesn’t have to be the case. Managers who show great leadership qualities can inspire their teams to accomplish amazing things, according to Daniel Wang, the creator of Loopring Protocol and founder of the Loopring Foundation. Loopring is a decentralized automated execution system that trades across the crypto-token exchanges. The platform reduces the cost of trading and shields users from counterparty risk. I’ve distilled my conversation with Wang to eight of the most essential qualities that make a great leader.

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The 10 best law schools in the US

The 10 best law schools in the US

CNBC

Going to law school is no longer a guaranteed pathway to financial and career success. In a Gallup poll of over 4,000 American adults who earned a postgraduate degree between 2000 and 2015, just 23 percent of law school graduates said that their education was worth the cost and only 20 percent said that their schooling prepared them well for post-grad life.

But after analyzing 144 law schools across the country, U.S. News & World Report found that there are several law schools that definitely worth the cost.

According to U.S. News, the median private sector salary for recent J.D. recipients is $68,300, and the median public sector salary is $52,000. However, graduates from the top 10 law schools in the country earned over six figures.

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A 2-Year Stanford Study Shows the Astonishing Productivity Boost of Working From Home

A 2-Year Stanford Study Shows the Astonishing Productivity Boost of Working From Home
The jury had been out on the productivity effect of working from home. It’s returned with a surprising verdict.

INC.

There has been much debate about working from home and whether or not it’s a productivity boost or major productivity drain. Paranoid managers envision employees lying on their couches at home in Metallica concert T-shirts eating Doritos off their belly and watching Ellen.

But Stanford professor Nicholas Bloom has definitive data that paints a very different picture and indicates it’s time once and for all to embrace and enable the benefits of working from home.

Bloom found a willing lab rat for a ground-breaking experiment in his graduate economics class at Stanford–James Liang, co-founder and CEO of Ctrip, China’s largest travel agency, with 16,000 employees. The CEO was interested in giving employees the work-from-home option because office space in the company’s Shanghai HQ is supremely expensive and because employees had to endure long commutes to work (not being able to afford city living). The result was horrendous attrition.

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How to Respond When You’re Put on the Spot in a Meeting

How to Respond When You’re Put on the Spot in a Meeting

Harvard Biz Review

“Katherine, have a go at it?”

I love this scene from the 2017 movie, Hidden Figures. Katherine, played by Taraji P. Henson, is put on the spot by her boss, played by Kevin Costner, in a room filled with top brass NASA officials — all male. She is asked to go to the chalkboard and lay out the math to bring John Glenn’s space capsule out of orbit and back to Earth.

This moment has all the elements of classic storytelling — something unexpected happens, something disruptive and uncomfortable — and then a memorable moment becomes a life lesson for everyone who is paying attention.

Katherine steps up and displays not only her math brilliance, but also her presence — both of which would not have been revealed to the rest of the group unless she was put on the spot.

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42% of Americans are at risk of retiring broke

42% of Americans are at risk of retiring broke
Nearly half of Americans have less than $10,000 stashed away for retirement, according to a report by GoBankingRates.
For them, a serious lack of planning coupled with a longer life expectancy has destroyed any retirement dreams.

CNBC
At this rate, retirement is more of a fantasy than a reality for many people in this country.

About 42 percent of Americans have less than $10,000 saved for when they retire, according to a study by GoBankingRates released Tuesday.
The No. 1 reason most people cited for not stashing more away was because they didn’t earn enough to save, followed by the fact that they were already struggling to pay bills, GoBankingRates said. The personal finance site polled more than 1,000 adults online in February.

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5 Creative Ways to Make Passive Income

5 Creative Ways to Make Passive Income
Need a little extra cash in 2016? Try making passive income with these 5 ideas.
INC.
The idea of passive income has evolved over the years — from selling basic information products through snail mail for a few dollars to sophisticated high-end webinars directed at executives for thousands of dollars. We all want in on the passive income action and the dream of logging into our email to see sales racking up overnight like magic. But it’s not quite that easy.

Despite the name of his wildly popular blog, Smart Passive Income, blogger and entrepreneur Pat Flynn readily admits there is no such thing as 100 percent passive income. Although he made a name for himself with his six-figure monthly income reports from his passive income pursuits, he also details how much work it takes to get his ideas off the ground.

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Older People Can Still Produce New Brain Cells, Study Shows

Older People Can Still Produce New Brain Cells, Study Shows
FORBES
It has been a hot topic of debate in neuroscience as to whether human brains can continue to produce new cells throughout life and new research published today suggests that older brains are just as capable of producing these cells as younger ones.

The research published today in the journal Cell Stem Cell, led by scientists at Columbia University suggests that many senior citizens may remain more cognitively and emotionally intact than commonly accepted, with the research finding that even the oldest brains studied, produced new cells.

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