Darren Westlake, co-founder and CEO of Crowdcube, at a fintech conference in London, on April 12, 2017. Simon Dawson | Bloomberg via Getty Images LONDON — British start-up crowdfunding platforms Crowdcube and Seedrs agreed Thursday to terminate their £140 million ($192 million) merger, a day after regulators raised competition concerns with the deal. The U.K.
Fueled by Covid vaccines, flexible cancellation policies and people yearning to break free from home, the summer travel season is already booming for some parts of the travel industry. A survey from research company Toluna indicates Americans are gaining confidence to travel with each passing month, with 27% comfortable to travel in April and 42%
An RS1 rocket booster undergoes acceptance testing. ABL Space Rocket builder ABL Space closed a $170 million round of funding, the company announced on Thursday, making it the latest private space venture to reach the unicorn valuation mark. ABL raised the funds from T. Rowe Price and Fidelity Management, as well as a third unnamed
Getting America vaccinated will go a long way toward helping the country return to some sort of normal. Already, employers such as Instacart, Target, Trader Joe’s, Chobani, Petco, Darden Restaurants, McDonald’s and Dollar General are among a growing list of companies giving workers time off and extra money to get vaccinated for Covid-19. Kroger is awarding employees $100 in store credit in addition
Despite the narrowest of margins in both houses of Congress, Democrats want to enact a sweeping, radical agenda that would remake the country. That’s why they want to abolish the filibuster. Instead of having to attract 60 votes to pass a measure in the Senate, Democrats would only need 51. Properly employed, the filibuster insures
Erik Hayden is the Founder and Managing Partner of Urban Catalyst. A global pandemic, contentious politics and natural disasters — what haven’t we experienced this past year? It seems like the whole world is focused on what this new year has in store. But when it comes to commercial real estate development, our view shouldn’t be
The debate between active vs. passive investing is often framed within the context of which is better. But advocating one approach over the other isn’t necessarily helpful for new investors. Instead, what is often most helpful to these investors is a discussion that helps them understand the differences between each approach, as well as when
A healthcare worker prepares to inject an AstraZeneca coronavirus disease (COVID-19) vaccine. Eloisa Lopez AstraZeneca issued updated Phase 3 trial data for its Covid-19 vaccine on Wednesday after facing criticism earlier this week over a preliminary report. The company now says its vaccine is 76% effective in protecting against symptomatic cases of virus. A release
Wells Fargo Securities’ Chris Harvey is building a major part of his strategy on a consumer comeback. From hotels to casinos to restaurants, many of this year’s winning trades will involve spending outside the home, the firm’s head of equity strategy predicts. “We really want exposure to the consumer,” Harvey told CNBC’s “Trading Nation” on
A 21,000-square-foot megahome in South Florida is the most expensive non-oceanfront home ever sold in Delray Beach, and its $19 million sale price makes it the the town’s top sale in over three years, according to the MLS. “Resort-style living is a driving force in the ultra-luxury market,” listing agent Senada Adzem tells CNBC, “People are rethinking
A Fidelity Investments location in New York. Scott Mlyn | CNBC Fidelity Investments is preparing to launch its own bitcoin fund as the investment giant works to cement its clout in the market for digital assets and virtual currency. FD Funds Management, a subsidiary of Fidelity, said on Wednesday that it plans to provide financial
Samuel Corum/Bloomberg via Getty Images The IRS had a backlog of almost 12 million paper tax returns from individuals and businesses as of Christmas, according to a report from the Treasury Inspector General for Tax Administration. As a result, many taxpayers may not have gotten refunds owed from last year’s filing season, the watchdog said
Two weeks after the American Rescue Act, which authorized round 3 stimulus payments of $1,400, was signed into law, nearly 30 million Social Security beneficiaries are still waiting for their third round stimulus payments, says Rep. Richard Neal, chair of the Ways & Means Committee, who is blaming the Social Security Administration. In a letter
For several years there has been some resistance to wall-to-wall carpeting in the home because it gets dirty and is often difficult to clean. Spot remover doesn’t always do the trick. Carpeting can also be limited in design and expensive to install. But an excellent alternative to wall-to-wall carpet are carpet tiles. These are sisal
When the Covid relief bill was passed earlier this month, multiemployer pensions received their long-sought $86 billion bailout, to the relief of some and the consternation of others. But, it turns out, they weren’t the only type of pension plan that has been seeking federal help. Consider these cases: Church plans From the Albany Times
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Wednesday: KB Home – Shares of the homebuilding company slid 3% after the company reported mixed fiscal first-quarter results. KB home reported earnings
Jason Kempin | Getty Images Entertainment | Getty Images The furniture retailer RH, formerly Restoration Hardware, on Wednesday reported fourth-quarter earnings and sales that topped Wall Street estimates, as it continued to see robust demand for its high-end furniture and home wares. CEO Gary Friedman said the momentum is expected to continue into this year,
Cargo ship “Ever Given” stuck and blocking traffic in the Suez Canal Source: Reuters The massive container ship that ran aground in the Suez Canal, halting traffic in one of the world’s busiest waterways, is still stuck after little progress appeared to be made on Wednesday to dislodge the ship. The ship, called the Ever
Illustrative image of two commemorative bitcoins seen in front of the Tesla car logo. Artur Widak | NurPhoto | Getty Images You may be aware that you can now purchase a Tesla using bitcoin. If the idea appeals to you, here’s a twist: the taxman will be hovering with palm out. When you use bitcoin
Credit Suisse bank. NurPhoto | NurPhoto | Getty Images One Wall Street firm may have found a solution to the unhappiness of overworked junior bankers amid a boom in deals activity: Money. Credit Suisse executives told mid- and entry-level investment bankers Wednesday that they were getting special $20,000 bonuses in the second quarter, and that