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    VIDEO4:2204:22WNBA announces first capital raise led by Nike, Michael Dell and moreSquawk Box The WNBA on Thursday announced it completed its first-ever capital raise, bringing in a host of big-name investors including Nike and former U.S. Secretary of State Condoleezza Rice, as the league looks to accelerate growth. The Women's National Basketball Association did not disclose how much money it raised from investors, which also include Dell Technologies CEO Michael Dell and Laurene Powell Jobs, philanthropist and the widow of Apple co-founder Steve Jobs. However, the league in a press release called it "the largest-ever capital raise for a women's sports property." "We've all seen the reports that less than 5% of all sports media coverage and less than 1% of all sponsorship dollars go to women's sports, so access to this capital ... when you're trying to grow a business is really going to help us move the needle," WNBA Commissioner Cathy Engelbert said in an interview Thursday on CNBC's "Squawk Box." The WNBA's fund-raising round is the latest indication of the momentum and investor attention toward women's sports at...
    Georgia Secretary of State Brad Raffensperger is launching a Georgia investment and business fair at the Capitol on August 26, 2021, to highlight the Invest Georgia Exemption (IGE). The IGE allows Georgia companies to raise capital from Georgia investors without having to deal with the regulatory costs and burdens of registering with the U.S. Securities and Exchange Commission. “As a small-business owner myself, I know how important it is for the government to support rather than get in the way of business and investment,” said Raffensperger. “I am proud to bring more attention to this important tool to help Georgia small businesses and entrepreneurs. Over 100 companies have used it to grow their business in the Peach State so far.” “At TAG we’re committed to fueling the innovation economy, and we strongly support public policies encouraging business investment,” said Larry Williams, president and CEO of the Technology Association of Georgia. “IGE is an example of good public policy. By making it easier to raise capital, IGE helps our members...
    Iowa might provide $100 million toward capital investment projects across the state through the Iowa Reinvestment District Program, the Iowa Economic Development Authority announced in a news release June 25. Provisional funding for the six reinvestment district program applications relate to proposed projects in Ames, Cedar Rapids, Des Moines, Fort Dodge, Urbandale and Newton. Funding would include supporting the development of an ice arena and training facility for the Des Moines Buccaneers hockey team at the former Younkers store site at Merle Hay Mall and a dedicated soccer stadium for the Des Moines Menace at the former Dico factory site. The Merle Hay Mall Reinvestment District received a provisional $26.5 million for its $122 million capital investment proposal while the Des Moines Capital City Reinvestment District, which would also include an entertainment venue and three hotels, received $23.5 million toward a $277 million capital investment. Ames’ provisional funding of $10 million would benefit an investment of $154 million for redeveloping Lincoln Way, an Indoor Aquatics Center and a new full-service hotel. The Cedar Rapids project may receive $9 million for...
    Music executive Scooter Braun has been called a 'sheep in wolves clothing' by a former Goldman Sachs partner who is suing him for $50 million, it has been reported. Peter Comisar has accused Braun of deceiving him into leaving his lucrative Guggenheim Securities job and 'aggressively courted' him into joining a new firm he allegedly claimed would be backed entertainment bigwigs, the New York Post reported. Braun told Comisar that Scope Capital Partners could raise between $500 million and $700 million from 'close friends' like Interscope Records cofounder Jimmy Iovine, DreamWorks cofounder David Geffen and Saban Entertainment founder Haim Saban, court records show. Braun, famous for his public fight with Taylor Swift over the rights to her old music, even attempted to prove his connections to Geffen by describing him as his 'godfather,' according to court records.  Comisar claimed that those investments never came about, amounting to a lawsuit over a breach of contract, which is seeking $50 million in compensatory damages plus unspecific punitive damages, the outlet reported. Music executive Scooter Braun has been called a 'sheep in wolves clothing'...
    An Italian court will hear how 'Ndrangheta mobsters used the City of London as an investment and money-laundering base to flush billions of pounds through the capital.  Italy's largest mafia trial in three decades is under way in the Lamezia Terme, a city in the southern region of Calabria in the heart of the feared gang's territory. A call centre has been converted into a high-security, 1,000-capacity courtroom to accommodate the massive number of individuals involved in the trial. Some 900 witnesses are set to take to the stand, testifying against the more than 350 defendants charged with being members of Italy's most powerful criminal group whose influence extends internationally. As part of the trial, several defendants are expected to be quizzed about money laundering and the setting up of companies in the UK with the alleged aim of 'simulating legitimate economic activity', according to The Guardian.  An Italian court will hear how members of the 'Ndrangheta exploited the City of London as a money-laundering base through which the criminal organisation flushed billions of pounds [File photo] Italy's largest mafia...
    President Joe Biden's plan to nearly double taxes on capital gains is already drawing scorn from some top Republicans who say it will curb investment by stripping away favored treatment for investment income.  'It's going to cut down on investment and cause unemployment,' said Sen. Chuck Grassley of Iowa, a senior Republican on the Senate Finance Committee who helped push through the Trump tax cuts in 2017.  He pointed to pre-coronavirus economic gains, adding: 'If it ain't broke, don't fix it.' Republicans have started bashing President Joe Biden's leaked tax plan to hike the top income tax rate while nearly doubling the capital gains rate RELATED ARTICLES Previous 1 Next Activists dump wheelbarrows full of MANURE outside the White... Ted Cruz says the 'corrupt' Democrats are 'changing the... 'It's amazing stuff': Trump says he 'all in favor' of the... Biden plans ANOTHER raid on the rich that could see highest... Share this article Share Biden is planning to formally roll out his new plans next week as a way...
    In this article CSG.N-CHA Swiss flag flies over a sign of Credit Suisse in Bern, SwitzerlandFABRICE COFFRINI | AFP | Getty ImagesCredit Suisse on Tuesday announced several high-level staff departures and proposed a cut to its dividend as it weighs heavy losses from the Archegos Capital saga. "Particularly following the significant US-based hedge fund matter, the Board of Directors is amending its proposal on the distribution of dividends and withdrawing its proposals on variable compensation of the Executive Board," the Swiss lender said in a trading update. Investment Bank CEO Brian Chin and Chief Risk and Compliance Officer Lara Warner will step down from their roles with immediate effect, the bank said. Last week, Credit Suisse revealed that it was expecting heavy losses in the wake of the meltdown of U.S. hedge fund Archegos Capital. The bank was forced to dump a significant amount of stock to sever its ties to the troubled family office, and now expects a first-quarter pre-tax loss of around 900 million Swiss francs ($960.4 million). "This includes a charge of CHF 4.4 billion in...
    LIVERPOOL’S owners have confirmed a £543million investment from RedBird Capital and have welcomed NBA legend LeBron James to their ownership group. The basketball superstar, 36, has owned a two per cent stake in the Premier League champions since 2011. 5NBA legend LeBron James has upped his stake in Liverpool football clubCredit: AFP 5John Henry remains in charge at Fenway Sports with Tom Werner the second largest shareholder.Credit: PA:Empics Sport Now James has upped his stake in Liverpool after becoming a partner in their American ownership group Fenway. The company also own legendary baseball team Boston Red Sox. John Henry remains in charge at Fenway Sports with Tom Werner the second largest shareholder. The pair approved a new £543m investment from RedBird Capital, who became the third largest shareholders in Fenway Sports Group. The champions are now hopeful the deal will help bring some financial stability after an estimated £120m loss in revenues since the coronavirus outbrreak. It is also expected to help secure the redevelopment of the Anfield Road Stand, which is currently in the process of gaining planning permission,...
    Solaria It is one of the most followed stocks on the Ibex 35 since its entry into the Spanish stock index. If a few weeks ago Bolsamanía published that the ETF exchange-traded fund positioning had altered the stock price, now a titanic struggle has emerged between bear speculators and investment funds, which has as its epicenter the manufacturer of solar panels controlled by Enrique Diaz-Tejeiro. Apr 01, 2021 On at 06:00 Solaria It is controlled almost 40% by its founder, through the company DTL Corporation. This participation is valued, at market prices, at about 925 million euros, since the group’s market capitalization slightly exceeds the 2.3 billion euros. In recent months, the company has managed to capture the trust of the ‘strong hands’ of the market. For instance, BlackRock, the world’s largest asset manager, controls 8.6% of the capital and is the second largest shareholder. In addition, the background Zimmer Partners, managed by Stuart J. Zimmer, controls 4%; the german asset manager DWS Investment controls a 3.3% stake; another great American fund, Invesco, owns 2.5% of the...
    Stock Forums: Bearish Positions Business Forecasts and Dividends The bearish positions in Solaria of 4.11% have a reason. Bank of America has indicated in a report that the flow of capital in index funds, ETFs and renewable sectors are inflating the prices of these companies and among these you have the Spanish firm. Therefore, the bearish funds have taken note and have decided to take advantage of the situation. Acerinox is waiting impatiently for the recovery of the economy once the herd immunization has been achieved. Production and billing have only suffered a -2% correction in 2020 compared to 2019. EBITDA has been 5% higher than 2019. Cash generation has been positive, profit after taxes and minority interests has risen 49 million euros compared to -60 million euros. On the other side of the coin, you have IAG that urges the reopening of the heavens and a return to normality while reinforcing its capital. It has also put a VeryFly online passport to the test in British Airways so that passengers have their vaccination against covid-19 registered, avoiding additional procedures....
    Tetra Images | Tetra images | Getty Images A few years ago, I had a client tell me he invested in a fancy bowling alley — the new party hot spot in town. It's since shut down. Another client shared that he joined the board of a start-up and they're looking to raise capital. He wants to figure out the right dollar amount to invest. High-net-worth investors are approached often to put their money into a private company looking to grow. The offers come in all shapes and sizes: Small companies need capital to expand, start-ups often need several rounds of financing, and friends or family members with a "Shark Tank" type idea want to make a run at creating their dream. These investment ideas often sound exciting and exclusive and seem to hold the potential for much higher returns than a traditional stocks-and-bonds portfolio. So how do you determine which ones to say yes to, and when to walk away? More from FA Playbook:'Investor alpha' is the most important financial strategy for 2021How to create a charitable trust as...
    The Scientologist founder of a New York private equity firm and two of his associates have been charged with running a $1.8 billion Ponzi-like scheme that used money from thousands of clients to cover fake returns and pay for sports cars, private jets and a $30,000 birthday dinner. GPB Capital Holdings Chief Executive David Gentile, 54, and his business partners, Jeffry Schneider, 51, and Jeffrey Lash, 52, were all arrested on Thursday on conspiracy to commit securities fraud and other charges. They are accused of cheating more than 17,000 retail investors who were falsely promised steady returns on their investments.  Federal prosecutors say the Manhattan-based GPB told the investors that their investment returns would be funded by revenue from the firm's holdings, including a group of car dealerships, but a 'significant' portion of money was actually coming from new investors.  The trio are also accused of siphoning millions of dollars for themselves, including a Ferrari for Gentile and a $29,837 American Express bill covering 'David's 50th Bday'.  Gentile, a Scientologist who lives in Manhasset, New York, founded GPB back in 2013.  ...
    A Day for Democracy announced that AMB Sports & Entertainment (AMBSE) and The Coca-Cola Company joined the non-partisan civic engagement initiative. In taking the pledge, AMBSE and Coca-Cola committed to supporting their employees’ right to vote, including in the upcoming runoff elections in Georgia. In taking the pledge, AMBSE and Coca-Cola joined a coalition of top-ranked firms across the U.S. in industries ranging from finance, real estate and construction, venture capital and higher education, to entertainment, hospitality and health care. In all, more than 390 companies representing almost 1.8 million employees have taken the A Day for Democracy pledge. The AMBSE portfolio includes the Atlanta Falcons, Atlanta United FC, PGA TOUR Superstore and Mercedes-Benz Stadium in Atlanta. Coca-Cola’s global headquarters is located in Atlanta, where the company was founded in 1886. “Business leaders in Georgia have a role to play when it comes to building trust in our democratic institutions and increasing voter turnout, whether that means giving their employees time off to vote or giving them access to helpful voter resources,” said Peter Palandjian, Chairman...
    Week 11s top games: Ravens-Titans get divisional-round rematch; Brady, Bucs can prove mettle Plant Lovers, Youre Going to Want All of These Unusual Houseplants Investment income is money earned by your financial assets or accounts, and understanding how it works can help maximize your profits © skaman306/Getty Images Investment income comes in a variety of forms, and is taxed in different ways. skaman306/Getty Images Investment income, money earned by financial assets or financial accounts, comes in three basic forms: interest, dividends, and capital gains. Bonds generate interest; stocks generate dividends; and capital gains (profits) can come from any investment. Depending on type, investment income is taxed at regular income tax rates; at special, lower rates; or not at all. Visit Business Insider's Investing Reference library for more stories. All investing is ultimately about income — making money. Of course, depending on your investment strategy, sometimes the money comes in later (if you're investing for appreciation) and sometimes sooner (if you're aiming for immediate funds). Whatever your approach — whether you try to time the markets...
    Five NFL defenders next in line to land massive contracts How to Discipline Kids Who Don’t Respond to Punishment Major banks are hauling in ‘big fees’ from debt and equity underwriting during the coronavirus crisis IN ONE CHART © Getty Images The Federal Reserve. Getty Images Cash might be king during a crisis. But for top investment banks helping the Federal Reserve do “whatever it takes” to keep credit flowing during the pandemic, the ace in the hole has been capital markets fees. Load Error Take JPMorgan, Chase & Co. (JPM) which recorded a chart-busting $33.8 billion of revenue for the second-quarter on Tuesday, despite the coronavirus recession, and a 54% jump in investment banking fees from a year ago. “Not to be a cheerleader, but 2Q20 showcased that there is good reason JPM is considered the industry leader,” a team led by Jesse Rosenthal, head of U.S. financial company research at CreditSights, wrote in a note following the bank’s results. Citigroup Inc. (C) also on Tuesday reported $19.8 billion in revenue for the second-quarter, driven in part...
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