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Airbnb gets $1 billion debt facility from U.S. banks: source

June 16, 2016 by · Leave a Comment 

(Reuters) – Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big U.S. banks to aid its new services and finance its expansion plans, a source close to the company said. JPMorgan , Citigroup Inc , Morgan Stanley and Bank of America Corp led the debt deal, the source said. Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year. Bloomberg reported the funding deal earlier on Wednesday. (http://bloom. …

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Airbnb gets $1 billion debt facility from U.S. banks: source

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Brexit helped keep Fed on hold, could slow future U.S. rate rises

June 16, 2016 by · Leave a Comment 

Federal Reserve Chair Janet Yellen left U.S. interest rates unchanged on Wednesday, citing slow jobs gains, tepid growth and low inflation – and an impending vote in Britain on whether to quit the European

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Brexit helped keep Fed on hold, could slow future U.S. rate rises