Month: September 2020

Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and
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According to Mark Cuban, a second stimulus package should give all American households a $1,000 stimulus check every two weeks for the next two months — and they must use that money within 10 days to promote spending and help keep businesses open.  But Cuban’s “Shark Tank” co-star, Barbara Corcoran disagrees with her friend’s “use it
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Coinbase CEO Brian Armstrong Getty Images Coinbase is offering to pay employees who decide to quit the cryptocurrency company after it discouraged employee activism and discussing of political and social issues at work. CEO Brian Armstrong told Coinbase staff in an email that the company would offer severance packages for anyone “who doesn’t feel comfortable
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David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions.  The moves announced
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With elementary and high school around the world attending school virtually this fall, hotels are selling an unlikely travel opportunity — the “schoolcation.” Families are being enticed from their homes by hotels promising a change of scenery alongside tutoring, round-the-clock tech help and after-school activities that are more fun than what’s available back home.   Relieving
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Nikola Motor Company Badger pickup truck Source: Nikola Motor Company General Motors and Nikola are not expected to finalize a $2 billion deal scheduled to close before Wednesday after allegations of fraud and sexual abuse surfaced against the embattled start-up’s founder and former executive chairman, Trevor Milton, according to two people familiar with the negotiations. Executives at both companies
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An indoor farming start-up that heralds itself as the future of agriculture and has Martha Stewart on its board announced Tuesday it is going public through a reverse merger, the latest in a series of blank-check deals during the coronavirus pandemic.   Kentucky-based AppHarvest is merging with special purpose acquisition company Novus Capital Corp., while picking up $475 million
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Bang Si-Hyuk is know as the mastermind behind K-pop sensation BTS, since he brought the boy band together in 2013. On Monday, his company, artist management firm Big Hit Entertainment, set its IPO share price at 135,000 South Korean won, which is approximately $115 per piece, valuing the company at over $4.1 billion.  That means Bang, its
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Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Check out the companies making headlines after-hours Tuesday: Regeneron Pharmaceuticals — The pharmaceutical company said trial data for its coronavirus antibody cocktail showed it reduced “viral levels and improved symptoms in non-hospitalized COVID-19 patients.” Regeneron shares were halted in after-hours trading. Micron Technology — Micron shares rose
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Time Square, New York, April 8, 2016, Times Square is a major landmark of New York, brightly adorned with billboards and advertisements. William Rodrigues dos Santos Harrison Chapman gave his girlfriend tickets to see “West Side Story” last December, thinking he had delivered the perfect Christmas present. However, two weeks before they were set to
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A municipal worker sanitizes a Roman Catholic Church graveyard after the burial of Covid-19 coronavirus infected people in Ranchi on September 6, 2020. AFP | Getty Images The coronavirus has killed at least 1 million people across the globe, a nightmarish milestone in the world’s fight against the virus that emerged from Wuhan, China, late
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Ryan Reynolds Jason LaVeris | FilmMagic “Deadpool” star Ryan Reynolds and “It’s Always Sunny in Philadelphia” actor Rob McElhenney are in talks to buy Welsh soccer club Wrexham A.F.C.  Wrexham, which is owned by fans and is the third-oldest professional soccer club in the world, announced Wednesday that the two actors were interested in investing. 
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Sam Fornasiero Sam Fornasiero For an instant, luck seemed to change for Sam Fornasiero. The 21-year-old’s phone call was put on hold — a noteworthy improvement relative to the 2,000-plus prior attempts to reach New Jersey’s unemployment bureau, by his estimation. The call went dead after a half hour of waiting. But Fornasiero has gotten good at
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