Former Uber Technologies CEO and co-founder Travis Kalanick walks on the floor of the New York Stock Exchange during the company’s IPO May 10, 2019. Andrew Kelly | Reuters Travis Kalanick is on course to completely exit his stake in Uber. The co-founder and former CEO of the ride-hailing company has sold more than $2.5
The fantasy sports website DraftKings Scott Olson | Getty Images Daily fantasy sports company and bookmaker DraftKings is merging with a special purpose acquisition company, allowing it to become public while forgoing the typical IPO process. DraftKings is combining with SBTech, a betting and gaming company, and Diamond Eagle Acquisition Corp., a SPAC with a
President Barack Obama signs the the financial reform bill into law July 21, 2010. Getty Images To sum up the past decade, you could call it a tale of two presidents. For evidence of that, look no further than the Dodd-Frank Wall Street Reform and Consumer Protection Act. The financial overhaul legislation was signed into
By Carol Hymowitz, Next Avenue Contributor Getty As lifespans lengthen around the world, men and women are: delaying when they marry and have children; returning to school as adults to gain skills and working beyond traditional retirement age. In countries as dissimilar as Japan and Morocco, they’re marrying five to 10 years later on average
A glass globe sits on a calculator. Getty In this episode of Tax Notes Talk, Tax Notes reporters Stephanie Johnston and Ryan Finley provide an update on the OECD’s work to find a multilateral solution on the taxation of the digital economy. Read the podcast transcript below. This post has been edited for length and clarity. David Stewart: Welcome
photo: Getty Technology changes everything, from the way we communicate to the way we shop and even the way we eat. Technology is moving faster than ever and bringing with it massive changes and disruptions. When it comes to real estate, many agents are terrified that they will be wiped out by technology and they’ll
Birk Ruud of Norway competes the Men’s Freeski Big Air finals during the 2019 Air+Style Beijing FIS SnowBoard World Cup on December 14, 2019 in Beijing, China. Lintao Zhang | Getty Images Two Chinese cities — namely Beijing and Zhangjiakou — witnessed a burst of activity in winter sports investment after China was named the
Check out the companies making headlines before the bell: Boeing (BA) – Boeing told suppliers for its grounded 737 Max jet to suspend parts shipments for one month starting in mid-January. That follows the firing of CEO Dennis Muilenburg earlier in the day. Uber (UBER), Lyft (LYFT) – Uber and Lyft won a New York
Ethan Brown, founder and chief executive officer of Beyond Meat Inc., center, rings the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019. Beyond Meat’s successful initial public offering at $25 a share, the top end of its increased range, shows appetite
With large gains and repeated record highs in the stock market, this year could be one for the record books. Yet it wasn’t all smooth sailing. At times, concerns about trade caused spikes in market volatility. Whether you want to jump in with both feet, feel you’ve missed the boat or want to run in
By Grant Easterbrook, Next Avenue Contributor Getty Recently, Charles Schwab, TD Ameritrade and E*Trade eliminated trading commissions on stocks and Exchange Traded Funds. Can you expect to see $0 fees and commissions coming soon for other financial products and services? Below is a look into the crystal ball for such prospects when you go to
Happy surprised old senior lady looking through her eyeglasses isolated on white background. Getty What if I told you there was a corner of the market where every single fund has turned a profit? And these amazing investments paid out a huge income stream that was entirely tax-free? The kicker: many of these funds—including one
Red and White Classic Christmas Stockings Getty ‘Tis the season to fill up the stockings with some attractively priced real estate investment trusts (or REITs). However, recognizing that most of all of my holiday shopping is done, I decided that I would buy myself a gift by adding a few shares to my own stocking
SAN FRANCISCO — It’s nearly two hours before game time, a Week 11 matchup against the Arizona Cardinals, and a San Francisco official is observing negative alerts from a concession stand but can’t figure out why. For Moon Javaid, the 49ers’ vice president of strategy and analytics, the alerts are “atypical” because it’s so early
US President Donald Trump holds up a “Trump Digs Coal” sign as he arrives to speak during a Make America Great Again Rally at Big Sandy Superstore Arena in Huntington, West Virginia, August 3, 2017. Saul Loeb | AFP | Getty Images President Donald Trump has taken historically unprecedented action to roll back a slew
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images In the midst of a fourth-quarter surge that launched Tesla’s stock past CEO Elon Musk’s $420 per share takeout value, Morgan Stanley reiterated its $250 price target
athima tongloom California officials proposed a rule on Tuesday that would cut discriminatory pricing practices being used by auto insurance companies in the state. The California Department of Insurance found in a recent investigation that many insurers have been selling higher-priced auto-insurance policies to people of color and low-income drivers in the Golden State, by
By Holly Lawrence, Next Avenue Contributor Getty Two of America’s most influential advocates for caregivers, Maria Shriver and Ai-jen Poo, recently partnered on a poll that examines the state of caregiving in our country. One of the poll’s most significant findings, according to Shriver and Poo: We are a nation of caregivers in crisis, unified
What could be nicer for Christmas than a 5 for 1 charitable deduction? Maybe 6 for 1? At any rate that is the sort of present that the promoters of syndicated conservation easements have offered during the holiday season, which is also tax shelter season. MANHATTAN, NY – NOVEMBER 28: Balloon handlers fight the strong
Villa Valencia, set to debut in 2021, is among the luxurious new developments to come to exclusive … [+] Coral Gables, Fla. Location Ventures It’s no secret Miami’s Downtown and Brickell districts are experiencing transformative change. In recent years, both communities have witnessed massive redevelopment that has transformed them into inviting, far more walkable live-work-play