In this article GDDY Spencer Platt | Getty Images Activist investor Starboard Value has taken a 6.5% stake in GoDaddy, sparking a rally in shares of the web services company. The hedge fund bought more than 10,000 shares of GoDaddy, worth about $800 million, according to a regulatory filing. The new stake became the biggest
Month: December 2021
In this article APA GDDY AAL AEO RL GoDaddy logo SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. GoDaddy — The web hosting company saw its shares jump nearly 9.2% following a Wall Street Journal report that activist investor Starboard Value has taken a 6.5% stake in it,
Is the pandemic causing a major reshuffling of America’s population? Although we’re seeing some movement, we are at an historic low for household relocations. The bigger population story is lower immigration. The relocation theme was recently sounded by one of our leading urbanists, Richard Florida. Linking to a report from the National Association of Realtors, Florida tweeted that the report provided
Migrant workers build a scaffold at the construction site of Huayang Commercial City Phase II in Huai ‘an City, east China’s Jiangsu Province, Feb. 7, 2021. Costfoto | Barcroft Media | Getty Images BEIJING — China’s struggling real estate developers face a growing number of repayment deadlines in the next few months. Real estate giant
Bitcoin (BTC) and most major altcoins have bounced off their immediate support levels, indicating that the sentiment is improving and traders are buying on minor dips. Billionaire and Mexico’s third-richest person Ricardo Salinas Pliego said in his Christmas and New Year message to stay away from fiat money, terming it as “fake money made of
Glenn Rudebusch, executive vice president and senior policy advisor at the Federal Reserve Bank of San Francisco, will step down next month after a career spanning more than three decades at the U.S. central bank. Rudebusch served as an economist with the Federal Reserve Board of Governors from 1986 to 1994. He then joined the
Two New York City pension funds have successfully completed the divestment of securities related to fossil fuel companies, Mayor Bill de Blasio and Comptroller Scott Stringer announced Wednesday. The Trustees of the New York City Employees’ Retirement System (NYCERS) and the Board of Education Retirement System (BERS) said the action brings their total divestment across
The entire crypto market took great strides toward mass adoption in 2021 and now that the year is nearly complete, analysts are setting their price targets for 2022. Many analysts supported calls for a $100,000 (BTC) price before the end of 2021 and although this seems unlikely, most investors expect the key price level to
In this article TSLA BABA KMX BB CAT CAMP Check out the companies making headlines before the bell: CarMax (KMX) – The auto retailer’s stock jumped 5.1% in premarket trading after CarMax beat estimates on the top and bottom lines for its latest quarter, as well as posting comparable dealer sales that were above analyst
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Cristina Dolan, co-founder and chief operating officer of InsureX Technologies, an alternative insurance marketplace based on blockchain, and CEO
Innovation districts emerging across the country and the world are in part a recognition close physical collaboration can fuel creativity. Placing innovative-minded folks together in a tight urban cluster devoted to inspiration, imagination and inventiveness is sheer genius. It can foster the kinds of formal and informal connections that spark great ideas. Ask random respondents
A For Sale sign is seen in front of a home in Miami, Florida. Joe Raedle | Getty Images The already competitive housing market is getting even more so, and that is now cutting into mortgage demand. Even a small drop in interest rates couldn’t bring more buyers in, although it did boost refinance demand
Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September. Crypto Mining Farms in Iran to Shut Down During Winter Expecting energy needs across
Moody’s Investors Service said it revised the outlook on Jackson, Mississippi, to stable from under review. At the same time, it confirmed the Ba2 rating on the city’s water and sewer system revenue bonds. About $191 million of debt is outstanding. “The stable outlook reflects our expectation that rate increases will enable it to improve
Berwyn, Illinois’ ratings remain intact after a review ahead of its $99 million general obligation debt refunding, restructuring and new money issue that will provide budgetary relief and pay down unfunded public safety pension liabilities. S&P Global Ratings had put the city’s BBB GO and A-minus securitization ratings on CreditWatch with developing implications Sept. 30
In this article MON Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Cryptocurrencies have had yet another wild year. Bitcoin, the world’s largest digital asset, has seen a roughly 65% gain since January — with some
In this article TSLA SFIX NVAX 9618-HK NKLA AVO Check out the companies making headlines before the bell: Novavax (NVAX) – Novavax jumped 3.4% in the premarket after the drugmaker said a two-dose treatment of its Covid-19 vaccine demonstrated strong immune responses against the omicron variant. It did add that the response to omicron was
The wish of owning cryptocurrencies this Christmas came true for a 12-year-old schoolkid with an intelligence quotient (IQ) higher than Albert Einstein. Barnaby Swinburn, a resident of Bristol, England had asked for two Christmas presents, a Mensa test for testing his IQ and a cryptocurrency portfolio. According to BristolLive, Swinburn scored the highest possible score
In yet another tale of overnight success, Brooklyn neighborhood Dumbo has shot to fame with tourists and home buyers alike, just 235 years after it came into existence. The enclave whose acronym stands for Down Under the Manhattan Bridge Overpass started as a village called Olympia; later became part of the Parish of Brookland; and
Attendees crowd an aisle on the trade show floor during the 2015 International Consumer Electronics Show (CES) in Las Vegas, Jan. 6, 2015. Steve Marcus | Reuters Canceled Broadway shows. Shuttered restaurants. Lines of people wrapped around the block at walk-in medical clinics. Businesses sending their employees home. It sounds like a flashback to March
In some ways, the pandemic has expanded the municipal market’s use of technology. How are participants using these new tools in an industry that often lags behind? Experts Unmesh Bhide, CFA, chief product officer and co-founder of PricingDirect, Lumesis CEO Gregg Bienstock and Munite/PFM director of municipal investor relations John M. Murphy join moderator Lynn
2021 was a breakout year for the cryptocurrency market in many respects and most investors are absolutely thrilled that Bitcoin (BTC) price established a new all-time high of $68,789. In the same timeframe, Ether (ETH) went on a parabolic rally which saw its price gain 565% from Jan. 1 to hit a record high at
What’s ahead in public finance? Join San Diego County Water Authority finance director and treasurer Lisa Marie Harris, City of San José deputy director of debt and Treasury management Nikolai J. Sklaroff and City and County of San Francisco public finance director Anna Van Degna in this Arizent Leaders panel discussion to explore this and
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In this article NKLA San Pedro, CA – December 17: The first two zero-emissions electric trucks, from an order of 100 vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Los Angeles in San Pedro on Friday, December 17, 2021. Brittany Murray | MediaNews Group | Getty Images Nikola shares jumped
In this article NKLA WYNN CROX TSLA Nikola Motor Company Two truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — The electric truck maker saw its stock surging more than 16% a day after the company announced on Twitter that its first customer delivery is done and signaled there’s more to
While giving birth is hardly glamorous, iconic fashion and lifestyle brand Lilly Pulitzer seeks to change this with a recently revealed a VIP birthing suite at Good Samaritan Medical Center, which is part of The Palm Beach Health Network. Lilly Pulitzer’s own granddaughter was born at Good Samaritan so it only makes sense to pass
In this article WRBY W M DKS DG BIRD A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Wayfair sees a chance to make a pivotal move. The furniture and home goods retailer plans to open three stores in Massachusetts next year. Chief Marketing Officer Bob Sherwin said low
‘Twas the night before Christmas, when all thro’ the Twittersphere Not a troll was stirring, not even a financier; The crypto was HODLed in cold storage with care, In hopes that Satoshi would soon reappear; The newbies avoided FUD and slept in their beds, While visions of lambos danc’d in their heads. And Pomp being
Higher education credit downgrades remain more likely than upgrades next year as colleges and universities cope with the latest form of the COVID-19 virus, analysts at Fitch Ratings said. “The neutral sector outlook for U.S. colleges and universities reflects Fitch Ratings’ expectation for some enrollment recovery, solid state budget prospects and good levels of budgetary
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