Month: September 2020

Robert Smith, the billionaire chairman and CEO of Vista Equity Partners, said Wednesday that there’s a marked disparity in investment opportunities between the public and private markets. Smith, who spoke with CNBC’s David Faber from the Delivering Alpha conference, said that his firm continues to look at high-growth investments in enterprise software versus more mature areas
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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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Association of Flight Attendants International President Sara Nelson joins airline executives, fellow union heads and political leaders to call on Congress to pass an extension of the Payroll Support Program to save thousands of jobs, during a news conference outside the U.S. Capitol September 22, 2020 in Washington, DC. Chip Somodevilla | Getty Images The
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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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Money manager Loreen Gilbert is optimistic the market will return to all-time highs this year, and it has nothing to do with who wins the presidential election. She’s building her case on a strong — albeit uneven — economic recovery. “You can’t fight the train that’s already in motion,” WealthWise Financial CEO, told CNBC’s “Trading
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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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Francis Stallings tapes signs to her car before participating in a caravan rally down the Las Vegas Strip in support of extending the $600 unemployment benefit, August 6, 2020 in Las Vegas, Nevada. Bridget Bennett | AFP | Getty Images Democrats are continuing their push to restore $600 a week in enhanced unemployment benefits, under
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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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J.P. Morgan Chase has quietly settled a long-running lawsuit that had accused the bank of manipulating precious metals markets with “spoofing” trades. And the bank is set to pay $920 million to resolve government investigations for similar alleged conduct in the precious metals and Treasury futures markets, CNBC has learned. A penalty of that size
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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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SINGAPORE — Airlines will need to meet a “harmonized” standard of health measures as air travel returns following the global pandemic, according to the CEO of Etihad Airways. “I can see that wellness certification will become a necessary function of how the whole of the world comes back to flying,” Tony Douglas told CNBC’s Hadley Gamble
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Antarctica Flights operates 12-hour sightseeing tours over the continent that take off and land on the same day. Courtesy of Antarctica Flights The coronavirus has ravaged the world now for nine months, with people across the globe enduring lockdowns of varying intensities, workplace and school shutdowns and restrictions on group gatherings.  Yet there’s still one continent
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Emergency Rescue Service (SAMU) nurse Belisa Marcelino checks the lungs of Maria Geralda da Silva, 84, who is experiencing breathing difficulty and others symptoms of the coronavirus disease (COVID-19), as preparation is made to transfer the patient to a hospital amid the outbreak, in Sao Paulo, Brazil. Amanda Perobelli | Reuters You may have heard
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