Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this month. Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) is likely to finish the transaction by June 22,
Month: June 2021
The market conditions and technology in the mania over current meme stock AMC Entertainment are vastly different from day trading during the dot-com bubble of the late 1990s, online brokerage pioneer and former options trader Tom Sosnoff told CNBC on Friday. “There’s no comparison between the day traders of 1999-2000, and that first transition into
Geber86 | E+ | Getty Images After Janell Ivy lost her job at a daycare center because of the pandemic, she fell behind on her $890 rent. The single mother feared that she and her four children, all under the age of 7, would be evicted from their apartment in Houston. She packed up her
By Chris Farrell, Next Avenue Enjoyed a meal with friends at a restaurant recently? Booked a trip for your summer vacation? You don’t need government data to see that the economy is gathering momentum with the Covid-19 vaccine rollout; Wall Street and Corporate America are exuding confidence about it. Yet not everyone shares their optimism, including
The Internal Revenue Service announced today that it has started sending out special tax refunds due to an estimated 13 million taxpayers who paid taxes on unemployment benefits when they filed their 2020 tax returns this spring. This week more than 2.8 million of these refunds will go out, and the rest will follow in
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. When I was a new agent, I never specialized in one market or type of property. I raised my hand for every possible opportunity and chased down these opportunities to the very end. I believe that my decision to
In this article TGT WMT Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press | Corbis News | Getty Images Walmart said Friday that its stores will be closed on Thanksgiving
The exterior of the headquarters of biotechnology company Biogen in Cambridge, MA is pictured on March 21, 2019. John Tlumacki | Boston Globe | Getty Images DocuSign – Shares of the electronic signature company surged 17% after beating on the top and bottom lines of its quarterly earnings. DocuSign earned 44 cents per share on
Billionaire Jack Dorsey, co-founder of Twitter and Square, is extremely bullish on the future of bitcoin, the largest cryptocurrency by market value. “Bitcoin changes absolutely everything,” Dorsey said Friday at the Bitcoin 2021 Conference. “I don’t think there is anything more important in my lifetime to work on.” In fact, “if I were not at
Starship prototype SN10 fires its three Raptor engines as it comes in for the landing. SpaceX The U.S. Air Force is expanding a small development program that wants to leverage reusable rockets, like those SpaceX is building, to deliver cargo quickly to anywhere in the world. Called Rocket Cargo, the experimental military program will be
Many Americans are suddenly house rich. On paper, anyway. Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a total $7.3 trillion in equity to tap, the largest amount ever recorded, according to Black Knight, a mortgage technology and
A store advertises a Help Wanted sign in Annapolis, Maryland, on May 12, 2021. JIM WATSON | AFP | Getty Images Long-term unemployment fell for the second straight month in May, an encouraging shift away from the recent near-record levels fueled by the economic carnage of the Covid pandemic. Economists classify long-term unemployment as a
By Deborah L. Jacobs, Next Avenue At an age when other people might be thinking of retirement, Robert Carmack and Morrison Polkinghorne, now 68 and 55, moved from Sydney, Australia to Cambodia in 2014 with a dream and a plan. The goal was to lower their expenses and operate three well-established businesses from overseas. Polkinghorne, an Australian
The May jobs report is out. Does it show a healthy jobs recovery on track to a full recovery? Or do we see a gap of 8 million fewer jobs compared to pre-pandemic levels, with high Black and Hispanic unemployment, and 1.7 million older workers pushed into premature retirement? The answer is both. We need job quality, not just job growth.
Villa Nafissa, a once-in-a-generation compound located 26 miles north of Downtown San Diego in Rancho Santa Fe, comes with close to 40 acres of park-like grounds, a private lake, waterfalls, more than 3,000 species of flora and idyllic gardens designed to evoke impressionist painter Claude Monet’s famous water garden in Giverny, France. The estate, listed
In this article AMC Closed signs are seen on an AMC Theatre during the outbreak of the coronavirus disease (COVID-19), in New York City, April 29, 2020. Brendan McDermid | Reuters Investment firm Mudrick Capital has exited both its debt and equity positions in AMC Entertainment, sources tell CNBC’s David Faber, as the theater chain’s
Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell said Friday that climate change is not a main consideration for the central bank when formulating monetary policy. Speaking on a panel of his global colleagues, the head of the U.S. central bank said taking on issues related to global warming
In this article VIV-FR PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) confirmed Friday it was in talks to buy 10% of Universal Music Group for around $4 billion. The deal values Universal Music at 35 billion
Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPath. SMARTPATH There’s been an extra push to get personal finance education into high schools across the country this year, following the coronavirus pandemic. So far
By Nancy Collamer, Next Avenue American workers are heading back to the office. Nearly half of employers expect to reopen their workplaces during the third quarter of 2021, and an additional 25% hope to do so by the end of the year, according to a recent Gartner IT survey of 258 HR leaders. For some, the return to
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