Masayoshi Son, chairman and CEO of SoftBank Group, pictured this month. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images) NurPhoto via Getty Images If all else fails, there is always a SPAC. WeWork, the coworking business that attempted—and failed—to go public in 2019, could soon reach that milestone via a special purpose acquisition company, according
Month: January 2021
Biotech firm Novavax said Thursday that its coronavirus vaccine was more than 89% effective in protecting against Covid-19 in its phase three clinical trial conducted in the United Kingdom. The results were based on 62 confirmed Covid-19 infections among the trial’s 15,000 participants. The company said 56 cases were observed in the placebo group versus 6
People wear protective face masks outside McDonald’s in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 18, 2020 in New York City. Noam Galai | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell on Thursday. Here’s what
Investor Peter Boockvar is calling the Reddit rebellion “another epic parabolic bubble.” In a research note out this week, he warns the mania into trades from GameStop to American Airlines will ultimately go bust. “Let’s break down the investment strategy: Find the most shorted stocks, buy calls, write about it, buy the stocks and jam it
New York Gov. Andrew Cuomo Lev Radin/Pacific Press/LightRocket via Getty Images “Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy. Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom and soaring wealth for
Robinhood CEO Vlad Tenev said Robinhood’s move to stop trading in certain speculative names was in the best interest of the company and its millions of users. “In order to protect the firm and protect our customers we had to limit buying in these stocks,” Tenev told CNBC’s Andrew Ross Sorkin Thursday evening. “Robinhood is
Digital Vision | Photodisc | Getty Images If you tied the knot last year, it may be worthwhile checking what your new status will mean for your 2020 taxes. While many couples see their tax bill drop post-nuptials, some face a “marriage penalty” — that is, paying more in taxes than if they had remained
By Kerry Hannon, Next Avenue getty Six months after Tamara Schumer, of Fairfax, Va., opened her home-based window-treatment business in 2016, it took off. “I was fortunate,” says Schumer, owner of Budget Blinds of Arlington & Alexandria. “But it was very stressful trying to handle customer service, scheduling, follow-up, orders, sales — all of that
Robinhood’s halting of trading of certain stocks has many users reconsidering whether it’s the right platform to hold their cryptocurrency. Some users have considered moving their crypto assets to other platforms, only to realize that Robinhood does not allow cryptocurrency withdrawals. This leaves Robinhood crypto users stuck between a rock and a hard place. If
The coronavirus pandemic has pushed millions of Americans, especially young adults, to move in with … [+] family members. getty Saving for a down payment is one of the biggest barriers to homeownership. But for the record number of young adults who moved back home during the pandemic and are fortunate to still have a job, homeownership
Scott Fujii, 34, is given a 24-hour rapid coronavirus test by nurse Caren Williams at Tom Bradley international terminal at LAX airport so he can travel to Hawaii to see family, as the global outbreak of the coronavirus disease (COVID-19) continues, in Los Angeles, California, November 23, 2020. Lucy Nicholson | Reuters The first Covid-19
NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast is set to report fiscal fourth-quarter earnings before-the-bell on Thursday. Here are the key numbers Wall Street is expecting: Earnings per share: 48 cents expected, according to Refinitiv survey of analysts. Revenue: $26.78 billion expected, according to
A GameStop store in Hollywood, California, busy with customers waiting in line to enter the video game retailer on January 27, 2021. AaronP | Bauer-Griffin | GC Images | Getty Images Trading in GameStop has reached fever-pitched levels that shows little sign of breaking. Despite the plunge in prices during Thursday’s session after several brokerages
To defy Wall Street hedge funds and the stocks they bet against, a group of retail investors on Reddit forum r/WallStreetBets rallied together to help drive the stock price of GameStop, AMC Entertainmentand BlackBerry, to name a few. Many traditional investors are concerned by the speculative trading, but billionaire Mark Cuban is not one of
Leon Cooperman told CNBC on Thursday he believes the Reddit-fueled trading frenzy involving GameStop shares will end poorly. However, the billionaire investor said he wasn’t faulting the people who kicked off the epic short squeeze, which sent the stock to dizzying heights in recent days. “I’m not damning them. I’m just saying from my experience, this
Gabriela Bhaskar | Bloomberg | Getty Images If you’ve been holding shares of GameStop, AMC Entertainment or other so-called “meme” stocks that have shot up to the stratosphere recently, it may be time to take the gains and move on. While it’s uncertain where those stocks will go from here in the short-term, experts say
getty Are you a parent or grandparent who wants to make a financial gift to a minor child? Do you want to help fund a child’s education but aren’t sure if that’s the path they’ll take? Do you want to give your children a financial head start in life so that one day they can
Economic Security Planning, Inc. Today’s column addresses questions about spousal benefit rates after taking early retirement benefits, when the Windfall Elimination Provision (WEP) reductions are applied and potential filing options after a divorce. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
Case Study No. 4 has four-bedrooms, seven bathrooms and an 850-pound custom teak front door. UnvarnishedCo Scott Gillen is many things. Builder. Artist. Designer. Perfectionist. Visionary. Bold. Unapologetic. “I’m not here to impress anyone, and that’s the truth,” said Gillen. Still, there is no denying that his latest development called The Case — five oceanfront
Levi’s clothes are seen on a store shelf in Miami, Florida. Joe Raedle | Getty Images Levi Strauss & Co. reported Wednesday its total holiday-quarter sales dropped 12%, marking an improvement from a more than 20% decline in the prior period, as weak shopper traffic at its stores was partially offset by double-digit growth online.
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