Tag: Money

This Ain’t What Jesus Died For

Floyd Mayweather (L) and Jake Paul pose during a press conference at Hard Rock Stadium, in Miami Gardens, Florida, on May 6, 2021.Photo: EVA MARIE UZCATEGUI/AFP (Getty Images) “A wise man told me, ‘Don’t argue with fools’‘Cause people from a distance can’t tell who is who…” Advertisement I think Jay-Z was onto something. While the […]

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Philippine Tycoon Enrique Razon’s ICTSI Posts 51% Jump In Q1 Profit

Enrique Razon giving an interview in Manila, the Philippines, on September 16, 2016. Veejay Villafranca/Bloomberg International Container Terminal Services Inc. (ICTSI) reported a 51% jump in net profit for the first quarter ended March 31 as global trade activities recovered from the Covid-19 pandemic. The Philippine-based port operator said net profit climbed to $90.1 million […]

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The State Of Black Entrepreneurship: The Check-In Part 1

Follow me on Twitter or LinkedIn. Check out my website. Send me a secure tip.  I’m the Director of Culture & Community @ Forbes Founder of For(bes) The Culture, CultureMakers I.N.C., Sporty Marketing Group, & Trifecta MMM. . I’m from West … Read More I’m the Director of Culture & Community @ Forbes Founder of For(bes) The Culture, CultureMakers I.N.C., Sporty Marketing Group, & Trifecta MMM. […]

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Singapore Reviews Travel Bubble With Hong Kong As Covid-19 Cases Increase

A member of the airline staff wears a face mask walking past rows of self check-in counters at the … [+] departure hall of Changi Airport on March 22, 2020 in Singapore. Ore Huiying/Getty Images The Singapore government is reviewing its planned travel bubble with Hong Kong following a spike in Covid-19 infections in recent […]

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‘American Factory’ Owner Fuyao Glass To Raise $550 Million, Eyes Solar Market

Fuyao Glass Industry Group Chairman Cho Tak Wong. Photographer: Daniel J. Groshong/Bloomberg *** … [+] Local Caption *** Cho Tak Wong © 2012 Bloomberg Finance LP China-based Fuyao Glass Industry Group, whose U.S. plant was the subject of the Oscar-winning documentary “American Factory” in 2020, plans to raise to HK$4.3 billion, or $550 million, in […]

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Indian Billionaire Urges Government To Impose Lockdowns In India As New Covid Deaths Reach Another High

Topline Despite international aid efforts ramping up, the second wave of Covid-19 infections in India continues to intensify, yielding a new record high for daily deaths on Sunday and prompting an outcry—from businessmen and public officials alike—for government intervention to help ease the rate of infection. Covid-19 patients inside a centre of the Commonwealth Games […]

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Treasury Sec. Yellen Promises ‘Big Return’ From Biden’s $6 Trillion Spending Proposals—But ‘We Should Pay For Them’

Topline Treasury Secretary Janet Yellen laid out President Joe Biden’s lofty fiscal agenda on Sunday while making the case for the widely divisive tax hikes the administration is hoping will pay for the roughly $6 trillion in economic spending proposed thus far—something critics say will hurt the economy more than it helps. Federal Reserve Chair […]

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Americans Are Most Optimistic About The U.S. In Nearly 15 Years, New Poll Shows

Topline Fresh off President Joe Biden’s first 100 days in office, Americans are the most optimistic they’ve been about the nation’s direction in nearly 15 years, according to a new poll released Sunday, but as the president looks to muster up support for his two new fiscal proposals, taxes and partisanship are among issues keeping […]

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Billionaire Philanthropist Eli Broad Dead At 87

Topline Eli Broad, who amassed a multi-billion-dollar fortune from his home-building and insurance businesses, and used his wealth to fund cultural improvements throughout his adopted hometown of Los Angeles, died Friday at age 87.  Eli Broad at the the 2016 MOCA Gala in Los Angeles, California. (Photo by Jason LaVeris/FilmMagic) FilmMagic Key Facts A spokeswoman […]

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Ciara And Russell Wilson Participate In Youth Financial Literacy Initiative

NewsOne Featured Video Songstress Ciara and her husband Seattle Seahawks quarterback Russell Wilson have been fierce advocates for education. The couple’s latest initiative was centered on using financial literacy as an avenue to empower youth. According to The Seattle Times, the Wilsons recently surprised a group of Seattle-based middle school students with money management tips […]

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Should We Sell In May And Go Away?

(Photo by Andrew Burton) Getty Images The Dow Jones Transportation Average (.DJT) traded to an all-time intraday high of 15,175.18 on Friday, above its monthly risky level at 15,152. Transports closed last week at 15,133.43, up 21% year-to date. The warning here is that this average is extremely overbought. The Dow Jones Industrial Average (.DJI) […]

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ThetaRay launches anti-money laundering AI and analytics for the cloud

Join Transform 2021 this July 12-16. Register for the AI event of the year. ThetaRay today announced that its AI-based anti-money laundering (AML) analytics will be available on public and private clouds, including Azure, Google, and AWS. ThetaRay’s AML platform uses unsupervised machine learning to monitor financial transactions, integrating data and triaging alerts in real […]

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Biden’s 54% Approval Rating Better Than Trump, But Worse Than Bush, Obama As First 100 Days Near End

Topline As President Joe Biden enters the final stretch of his first 100 days in office, he’s still garnering approval from a majority of Americans—and faring better than his predecessor—but an overwhelming majority of voters are still concerned about the economy as concerns over gun laws and immigration also come to the fore, according to […]

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Spotify’s Daniel Ek Says He Would Buy Arsenal If Billionaire Stan Kroenke Agreed To Sell

Spotify’s billionaire CEO tweeted that he’s interested in buying Arsenal from U.S. tycoon Kroenke, … [+] if he were to change his mind on selling the team. Toru Yamanaka/AFP via Getty Images Swedish billionaire Daniel Ek, CEO and cofounder of music streaming service Spotify, said on Friday that he would be open to buying English […]

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How Biofuels Giant Neste Transforms America’s French Fry Grease Into Clean Diesel

“We always thought of it as owning a lot of oil wells, sprinkled around the country.” getty Nearly every sink in a restaurant flows through a grease trap, which captures and collects oil and grease from our beloved deep fried food. A busy Burger King branch, for example, can generate 8,000 pounds of used cooking […]

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In An Earth Day Test For Synthetic Biology Field, Zymergen Raises $500 Million In IPO

Zymergen cofounder and CEO Josh Hoffman CLINTON PERRY PHOTOGRAPHY 2019 The past few years have been boom times for synthetic biology. Today, in a big test for public markets’ appetite for the emerging field, Zymergen raised $500 million in an initial public offering set to value the company at more than $3 billion. “I love […]

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WeWork To Accept Crypto—And Will Pay Its Landlords In Crypto

Topline WeWork will start accepting payment in cryptocurrencies and intends to hold the assets on its balance sheet, the office sharing giant announced Tuesday, a similar move to Elon Musk’s Tesla which in March said it would retain bitcoin used to purchase its cars and another signal of confidence as cryptocurrencies inch towards mainstream acceptance. […]

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As Covid-19 Stimulus Wanes, Distressed M&A Deals Loom

Divestitures have already hit multiyear highs, Mergermarket data show. Divestitures in the first three months of 2021 hit multiyear highs as corporations seized the opportunity to sell unwanted assets to pare debt from their balance sheets. Going forward, corporate divestitures may be driven by financial distress as Covid-19 relief funding tapers off, according to several deal makers interviewed by Mergermarket. The U.S. saw 29 corporate divestitures in […]

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This Billionaire Investor Thinks Elon Musk Will Be A ‘Trillion Dollar Man’

Veteran investor Ron Baron has made it big betting on Tesla. Now he’s turning his attention to SpaceX. Baron Capital Money manager Ron Baron has been delivering stellar returns thanks to one of the biggest holdings in Tesla. Here’s why he thinks Musk’s SpaceX will be even bigger. S ometimes it feels like it’s just […]

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Jack Ma’s Alibaba Hit With $2.8 Billion Fine For Abusing Its Dominant Market Position

Jack Ma, former chairman of Alibaba Group, appears at a forum in Tokyo, Japan, on December 6, 2019. Kiyoshi Ota/Bloomberg Alibaba Group was hit with the highest-ever antitrust fine imposed in China when the country’s regulator announced on Saturday that it had slapped a fine of 18.2 billion yuan ($2.8 billion) on the Hangzhou-based tech […]

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Biden Covid Advisor Warns ‘Game-Changing’ Variant Infects Kids ‘Very Readily’ And Could Spur New Lockdowns

Topline Despite an accelerating vaccine rollout, Dr. Michael Osterholm, a member of President Joe Biden’s coronavirus advisory board, said on Sunday that the U.S. will face “major challenges” in battling the pandemic before summertime, warning the U.K. coronavirus strain infects children more easily than previous strains—something experts are still debating. Mike Osterholm. (Photo by Jerry […]

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Biden Admin Defends Big Tax Hikes And $2 Trillion Spending–But Lawmakers Are Still Bitterly Divided

Topline White House officials touted President Joe Biden’s newly proposed $2 trillion in infrastructure-focused spending on Sunday and defended the plan’s higher corporate tax rate, but lawmakers on both sides of the aisle are pushing back on its provisions, setting the stage for grueling negotiations as the plan makes its way to Congress. US President […]

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For $6.4 Billion, These Two Young Tycoons Just Sold Their Oil Company To Pioneer Natural Resources

Cody Campbell, co-founder of Double Point Energy, in Midland, Texas. August 2018. © 2018 Bloomberg Finance LP Pioneer PXD Natural Resources on Thursday night announced the acquisition of DoublePoint Energy for $6.4 billion. The deal is for 100,000 acres, in the core of the Permian basin, which are currently producing nearly 100,000 barrels per day.  […]

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Taxpayers Watch Out! How The U.S. Government Could Rip You Off

This segment of What’s Ahead walks us through a cute maneuver the Treasury Department is attempting that could cost taxpayers billions of dollars without congressional approval. It’s arcane, but the money consequences are real. It involves something called Special Drawing Rights, SDRs for short. They were created back in the 1960s, when there were fears […]

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