SigFig raised $120 million on the promise of reinventing investing, but hasn't announced a big partnership in years. Here's how it went from deals with UBS and Wells Fargo to struggling to compete.

In interviews, a dozen sources describe the Silicon Valley startup's rise and recent struggles to compete in the crowded wealth-tech space.

March 13, 2020   |   View Online »

SigFig raised $120 million on the promise of reinventing investing, but hasn't announced a big partnership in years. Here's how it went from deals with UBS and Wells Fargo to struggling to compete. Rebecca Ungarino | In interviews, a dozen sources describe the Silicon Valley startup's rise and recent struggles to compete in the crowded wealth-tech space. Read More »

From execs to budtenders, over 2,800 people have lost their jobs in cannabis. We're keeping track of all the cuts across the industry here. Jeremy Berke | Amid investigations, lawsuits, and slumping valuations, cannabis companies are reeling. To stay afloat, they're cutting workers. Read More »

The coronavirus outbreak is pummeling the $2 billion sneaker resale market, from supply chain issues to declines in sales Shoshy Ciment | From fewer fakes to a drop in sales in China, here are the top five ways the coronavirus is impacting the sneaker resale market. Read More »

Coronavirus shock is pushing highly indebted 'zombie' companies toward financial ruin — and a risky $1 trillion market is already showing the damage a recession would do Akin Oyedele | A coronavirus-driven recession could trigger a "corporate subprime financial crisis," according to one expert. Read More »

Video media startup The Recount just raised $13 million. Star venture capitalist Fred Wilson explained why he has backed it and how it could become a profitable, $200 million business in seven years Lucia Moses | Wilson said a lot of people want their news in a video format but that there aren't a lot of media companies doing video news well for mobile. Read More »

Goldman Sachs studied every bear market in stocks since 1835 — and concluded that 3 red flags make this coronavirus-driven one unlike any other in history Akin Oyedele | The stock market's decline may persist because of these differences, Goldman's chief global equity strategist said. Read More »

The US is sprinting to develop a coronavirus vaccine or treatment. Here's how 9 top drugmakers are racing to tackle the pandemic. Andrew Dunn | The coronavirus pandemic has infected more than 120,000 people across the world. J&J, Gilead, and Regeneron are researching possible treatments. Read More »

Shopify is giving its employees $1,000 to furnish their work-from-home setups with whatever gear they need because of the coronavirus Paige Leskin | Shopify has directed all employees to work from home. And the company will let workers spend up to $1,000 to get the gear they need to do it. Read More »

Famed economist David Rosenberg called the housing bubble. Now he tells us why the oil-price war will be more damaging than the coronavirus — and outlines a scenario where stocks plunge another 13%. Marley Jay | The market's plunge may be only half over, and the pain from a coronavirus/oil-shock recession might last for years, economist David Rosenberg said. Read More »

Leaked Target memo reveals how the retailer is trying to obliterate germs in its stores by wiping down everything from ATMs and handcuffs to Bullseye, the company's mascot Shoshy Ciment | The memo dictates that handcuffs, holding cells, and the Target mascot should be cleaned continuously with a multi-surface and glass cleaner. Read More »

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