Month: September 2020

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions.  The moves announced
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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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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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Barry Sternlicht, Starwood Capital Group Chairman and CEO, speaking during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Starwood’s Barry Sternlicht expects high flying technology stocks to fall from their heights if Former Vice President Joe Biden wins the 2020 election and Democrats take control of both chambers of Congress.   ”Maybe long term, two,
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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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With elementary and high school around the world attending school virtually this fall, hotels are selling an unlikely travel opportunity — the “schoolcation.” Families are being enticed from their homes by hotels promising a change of scenery alongside tutoring, round-the-clock tech help and after-school activities that are more fun than what’s available back home.   Relieving
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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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Check out the companies making headlines in midday trading.  Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
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Nikola Motor Company Two truck Source: Nikola Motor Company Nikola shares jumped by about 5% in morning trading after the embattled electric truck start-up reconfirmed its business plans and production targets following founder and former Executive Chairman Trevor Milton’s resignation last week. The company said it “remains committed to achieving” a set of milestones previously
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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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Nikola Motor Company Source: Nikola Motor Company Nikola executives sought Wednesday to calm investor anxiety following fraud claims involving the company’s technology and its founder, Trevor Milton, who resigned as executive chairman last week. Nikola Executive Chairman Steve Girsky and CEO Mark Russell said the company’s production timeline and factory plans remain on track, even as
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Sam Fornasiero Sam Fornasiero For an instant, luck seemed to change for Sam Fornasiero. The 21-year-old’s phone call was put on hold — a noteworthy improvement relative to the 2,000-plus prior attempts to reach New Jersey’s unemployment bureau, by his estimation. The call went dead after a half hour of waiting. But Fornasiero has gotten good at
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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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