Month: September 2020

Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and
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Coinbase CEO Brian Armstrong Getty Images Coinbase is offering to pay employees who decide to quit the cryptocurrency company after it discouraged employee activism and discussing of political and social issues at work. CEO Brian Armstrong told Coinbase staff in an email that the company would offer severance packages for anyone “who doesn’t feel comfortable
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A protester blocks the street leading to the Washington, D.C., home of U.S. Senate Majority Leader Mitch McConnell, R-Ky., demanding the extension of unemployment aid, on July 22, 2020. Jonathan Ernst | Reuters Stimulus checks and enhanced unemployment benefits that helped the poorest Americans weather the coronavirus pandemic are in danger of ending, throwing the
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House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to strike a coronavirus stimulus deal during a more than 90-minute meeting Wednesday.  The pair will continue discussions as they try to craft an elusive fifth relief package that could pass both chambers of Congress, the California Democrat said in a statement. House Democrats initially
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Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association. Record-low mortgage rates are apparently not as impressive as they used to be, likely because rates have been so low for so long. The average
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Companies added jobs at a faster-than-expected pace in September due in good part to a surge in manufacturing hires, according to a report Wednesday from ADP. The firm’s monthly private-sector jobs count showed growth of 749,000, ahead of the 600,000 expected from a Dow Jones economist survey. The report, done in conjunction with Moody’s Analytics,
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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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Treasury Secretary Steven Mnuchin said he will talk to House Speaker Nancy Pelosi about coronavirus stimulus again Wednesday and is “hopeful” about the prospects of a deal. “I say we’re going to give it one more serious try to get this done and I think we’re hopeful that we can get something done,” he said during the
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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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The Proud Boys, a far-right extremist group, pledged allegiance to President Donald Trump on Tuesday night after he told the group to “stand back and stand by” during the evening’s debate. Many people on social media who identify with the group echoed that language, saying they were “standing down and standing by.” One known social
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Joe Biden speaks at the National Constitution Center in Philadelphia on Sept. 20, 2020, to make a statement on the nomination for replacement of recently deceased Supreme Court Justice Ruth Bader Ginsburg. Roberto Schmidt | AFP | Getty Images Residents in high-tax states who lost out on a substantial write-off are in good company. Democratic
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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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Sanjay Mehrota, CEO, Micron Scott Mlyn | CNBC Check out the companies making headlines after-hours Tuesday: Regeneron Pharmaceuticals — The pharmaceutical company said trial data for its coronavirus antibody cocktail showed it reduced “viral levels and improved symptoms in non-hospitalized COVID-19 patients.” Regeneron shares were halted in after-hours trading. Micron Technology — Micron shares rose
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U.S. President Donald Trump arrives to speak about the administration’s coronavirus disease (COVID-19) testing plan in the Rose Garden at the White House in Washington, September 28, 2020. Carlos Barria | Reuters The Manhattan District Attorney’s Office said Tuesday it will not seek to enforce a subpoena for President Donald Trump‘s income tax returns until
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People wearing facemasks wait to buy vegetables at a market vegetable stall as essential retailers reopen from the coronavirus (Covid-19) shutdown. SOPA Images | LightRocket | Getty Images Smaller-sized businesses have been battered during the six months of the coronavirus pandemic but are feeling confident about their ability to withstand a second wave, according to
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DivvyDose Source: DivvyDose UnitedHealth Group, the United States’ largest health insurer, has acquired DivvyDose, a start-up that helps patients with chronic illness get their medicines delivered in pre-sorted packages, according to a person familiar with the deal. The deal price was just over $300 million, the person said. They asked not to be named discussing
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Getty Images The big question over whether Congress will pass another coronavirus stimulus bill is, will they or won’t they? From jobs to savings to retirement plans, the coronavirus pandemic has upended many Americans’ financial lives. Millions of Americans, facing serious financial hardship, are hoping for more relief, including expanded federal unemployment benefits and a
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