M1 Finance closes $45M Series C mere months after it raised its $33M Series B

Just months after it announced a $33 million Series B, Chicago-based M1 Finance today disclosed a $45 Series C.

The new financing event was led by Left Lane Capital, the same investor that led M1’s Series B. Bear in mind that so-called inside rounds are now a bullish sign in 2020, as opposed to in prior VC eras when they were viewed more cooly. Other M1 investors include Jump Capital, Clocktower Technology Ventures and Chicago Ventures, though only the first two appear to have taken part in this round.

Per M1, the Series C comes just 120 days after it raised a Series B. A good question is why M1 has raised more capital, and why Left Lane Capital wanted to lead two rounds for the consumer-focused fintech provider. Going back to our prior coverage, we can figure it out.

Chicago’s M1 Finance, a consumer-focused fintech platform, reaches $1B under

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Wall Street closes higher on U.S. stimulus hopes, gold spikes and dollar drops

NEW YORK (Reuters) – International stocks rose on Friday, with all three major Wall Street indexes posting weekly gains as investors grew more hopeful the U.S. government would provide additional economic stimulus.

FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer/File Photo

Gold jumped and the dollar dropped as investors focused on the probability of forthcoming U.S. coronavirus relief.

Wrangling in Washington over pandemic aid has dominated global markets this week, and although U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to hammer out a deal, talks will continue despite Republican doubts.

Trump said in an interview on Friday that he wants to see a bigger stimulus package than either Democrats or Republicans were offering, a reversal from his threats at the beginning of the week that he would halt

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BancorpSouth Closes Buyout of Alexander & Sanders Insurance

BancorpSouth Bank BXS recently announced the acquisition of the assets of Alexander & Sanders Insurance Agency, Inc. The company completed the deal through its subsidiary, BXS Insurance, Inc. The terms of deal have not been disclosed yet.

The Baton Rouge, LA-based Alexander & Sanders Insurance is a provider of risk management and insurance services to professional firms across Louisiana over the past few decades. Post the acquisition’s closure, Alexander & SandersInsurance will continue its operations from BXS Insurance’s Baton Rouge, LA office.

Markham McKnight, president and chief executive officer of BXS Insurance said, “This transaction allows us to add talented leaders and teammates to our team and provides a unique opportunity to enhance our construction practice within Louisiana and across BXS Insurance’s footprint.”

Aided by its solid liquidity position, BancorpSouth has been making strategic investments through mergers and acquisitions (M&As). In recent years, the company has maintained an acquisition spree,

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Stock Market Today With Jim Cramer: Regal Closes Theaters

Stocks were rising on suggestions that President Donald Trump plans to leave the hospital Monday, and on optimism over a coronavirus relief package.

The Dow Jones Industrial Average gained 341 points, or 1.24%, to 28,024, the S&P 500 was up 1.29% and the Nasdaq rose 1.62%.

TheStreet’s Katherine Ross discussed breaking news in the stock market on Street Lightning. Cramer spoke about movie theater chain Regal, stock valuations and NYC shutdowns.

Regal Entertainment Suspends Operations

Cineworld Group’s Regal Entertainment Holdings said it will temporarily suspend operations at all its American and British movie theaters as crucial sales from expected fall and winter blockbuster movie releases like the next James Bond epic have been postponed by the coronavirus pandemic.

Cramer said it’s time to sell shares of Regal. “It’s sad and I feel the same way about AMC. I thought AMC could get their way out of this because they have

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Wall Street closes sharply lower as Trump tests positive for coronavirus

By Stephen Culp

NEW YORK (Reuters) – U.S. stocks closed lower on Friday as news that U.S. President Donald Trump tested positive for COVID-19 put investors in a risk-off mood and added to mounting uncertainties surrounding the looming election.

Tech shares weighed heaviest on the indexes, but the blue-chip Dow’s losses were mitigated by gains in economically sensitive cyclical stocks.

Despite Friday’s sell-off, the S&P and the Nasdaq both gained 1.5% on the week, while the Dow ended the session 1.9% higher than last Friday’s close.

Trump tweeted late Thursday that he had contracted the coronavirus and would be placed under quarantine, compounding the unknowns for an already volatile market.

But stocks pared losses after the White House provided assurances that Trump, while experiencing mild symptoms, is not incapacitated.

“This injects further uncertainty into the outcome of the election,” said Roberto Perli, head of global policy research at Cornerstone Macro

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Nasdaq Closes Sharply Higher, Dow Posts Modest Gain

(RTTNews) – Stocks moved mostly higher during trading on Thursday, adding to the gains posted in the previous session. The tech-heavy Nasdaq moved sharply higher on the day, while the Dow fluctuated over the course of the session.

The Nasdaq surged up 159.00 points or 1.4 percent to 11,326.51, its best closing level in nearly a month. The Dow posted a more modest gain, inching up 35.20 points or 0.1 percent to 27,816.90, while the S&P 500 climbed 17.80 points or 0.5 percent at 3,380.80.

The strength on Wall Street came as traders continued to express optimism lawmakers will ultimately reach a deal on a new coronavirus relief bill.

House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continue to work toward a potential agreement, although a spokesman for the Democratic leader noted “distance on key areas remain.”

Early buying interest was generated in reaction to news that House Democrats

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Wall Street closes higher as energy, financials lead broad rally

(Reuters) – Wall Street rallied to close sharply higher on Monday as investors sought bargains among sectors hardest-hit by the coronavirus recession, now limping toward its ninth month.

All three major U.S. stock indexes made solid gains on the heels of the longest weekly losing streak in over a year for both the S&P 500 and the Dow.

But energy .SPNY and financials .SPSY, which suffered the most bruising blows from the economic shutdown, enjoyed the largest percentage gains among major S&P 500 sectors, all of which ended the session in the black.

“Today’s market is being led by energy and financials, but it’s a very well-balanced market,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Every sector is participating in this rally.”

However, even with Monday’s jump, the indexes are only days away from closing the books on their first monthly declines since March,

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