March madness 2019 most likely to win

While we have talked about the general froth in the initial public offering (IPO) market, it is time to focus on one of the major drivers – special-purpose acquisition companies (SPACs). SPAC IPOs accounted for over half of all IPOs in 2020   and are already set to make up a majority in quarter one of 2021. This is a cause for worry in the market and, more importantly, for investors who may get caught bearing the real costs of a SPAC. We'll look at the why and how of SPACs, as well as why the odds seem tilted against individual investors realizing a good return. Key Takeaways The IPO market has been frothy of late, with tech offerings seeing huge jumps in first-day trading. Within this IPO market, SPACs are making up a larger share of new offerings. This means that more and more money is hitting the market with a plan to find something to buy. SPACs give creators and sponsors structural advantages that later investors don't have, making the decision for retail … [Read more...] about SPACs Look Like a Bubble Within a Bubble

Share to Twitter Share to Linkedin Shutterstock Student loan debt in 2019 is the highest ever. The latest student loan debt statistics for 2019 show how serious the student loan debt crisis has become for borrowers across all demographics and age groups. There are 45 million borrowers who collectively owe more than $1.5 trillion in student loan debt in the U.S. Student loan debt is now the second highest consumer debt category - behind only mortgage debt - and higher than both credit cards and auto loans. Borrowers in the Class of 2017, on average, owe $28,650, according to the Institute for College Access and Success. If you are a student loan borrower, the following student loan debt statistics can help you make more informed decisions regarding student loan refinance , student loan consolidation , student loan repayment and student loan forgiveness . Student Loan Statistics: Overview Total Student Loan Debt: $1.56 trillion … [Read more...] about Student Loan Debt Statistics In 2019: A $1.5 Trillion Crisis

KKR's Eoin Morgan and PBKS' KL Rahul during the toss ahead of their IPL match in 2020 (Image: IPL, BCCI) Their three-match losing streak finally over, Punjab Kings (PBKS) would seek to build a winning momentum when they face the struggling Kolkata Knight Riders (KKR) in an Indian Premier League (IPL) match in Ahmedabad on April 26. Punjab made a winning start but then slumped to three straight losses before producing a clinical show to beat defending champions Mumbai by nine wickets on April 23, and they would look to notch up another triumph against KKR which have suffered four defeats on the trot. Captain KL Rahul has been one of the few consistent performers in the formidable-looking Punjab batting unit and he once again led by example against MI with an unbeaten 60, his third fifty in five games. Mayank Agarwal has been the other main performer and the return to form of 'Universe Boss' Chris Gayle against MI with a 43 not out should be good news for Punjab. But Deepak … [Read more...] about IPL 2021 | PBKS vs KKR: Rejuvenated Punjab Kings seek to build winning momentum against Knight Riders

KL Rahul and Rohit Sharma. Mumbai Indians would be aiming to address their batting woes to achieve consistency while Punjab Kings would be desperate to arrest their overall slide when the two sides clash in an IPL match here on Friday. The Rohit Sharma-led Mumbai crashed to defeat against Delhi Capitals following an inept batting performance and will look for redemption. The skipper shone with the bat, but others could not get going and the misfiring middle-order would be a major concern for the side. The MI bowlers have more often than not risen to the occasion and won matches for the team. However, they couldn''t do so against Delhi and would like the batters to put up bigger scores for them to do the job. Rohit looked in good touch against Delhi. However, Suryakumar Yadav and Ishan Kishan, stars of the team''s victorious 2020 campaign, have not been able to make match-winning contributions and that has hurt MI along with middling performances from Kieron Pollard and … [Read more...] about IPL 2021 | PBKS vs MI: Mumbai Indians seek consistency; Punjab Kings eyes return to winning ways

The documentary digs into President Rodrigo Duterte’s attacks on news media through the story of one of his prime targets: renowned journalist Maria Ressa. PBS Filmmaker Ramona Diaz’s A Thousand Cuts , the 2021 FRONTLINE documentary probing the war between the government and the press in the Philippines, won a  2022 Robert F. Kennedy Journalism Award in the International TV category. The documentary digs into President Rodrigo Duterte’s attacks on news media through the story of one of his prime targets: renowned journalist Maria Ressa. Last year, Ressa was awarded the 2021 Nobel Peace Prize. Ressa, CEO and co-founder of the independent news site Rappler, and her colleagues have been at the forefront of covering Duterte’s brutal war on drugs, and she has endured harassment, arrests and faces potential prison time for what press advocates have called politically motivated charges. The RFK judges called A Thousand Cuts an “excellent documentary film both journalistically … [Read more...] about Ramona Diaz’s ‘A Thousand Cuts’ spotlighting Maria Ressa wins RFK Journalism Award

Kieron Pollard named man of the match for his explosive unbeaten 87 runs off 34 balls and 2 wickets. (Image: IPL/BCCI/Twitter) Batting like a man possessed, Kieron Pollard singlehandedly powered Mumbai Indians to an astonishing four-wicket win over Chennai Super Kings, belting the ongoing IPL's fastest half-century in a high-octane match here on Saturday. Set an imposing target of 219, Pollard raced to his fifty in only 17 balls and remained unbeaten on 87 off 34 deliveries, as he triumphantly walked back to his jubilant teammates at the end of the game. Mumbai needed 16 runs in the final over and Pollard smashed two fours and a six before running two off the last ball to seal the game for his side. CSK rode on an unbeaten 72 off 27 balls by Ambati Rayudu to post 218/4, but it was overshadowed by Pollard's blitzkrieg, as he smashed eight sixes and six fours to build on a strong 71-run opening stand. This was the second highest run-chase in IPL history. Close … [Read more...] about IPL 2021 | CSK vs MI: Kieron Pollard blitzkrieg hands Mumbai Indians four-wicket win over Chennai Super Kings

Share to Twitter Share to Linkedin Bringing professional chefs on board to prepare meals in first or business class may not be new, but Turkish Airlines has been practicing it at a very high level for a while now. After a break during the stripped-down service era of the pandemic, the airline was unique in bringing its chefs back to the business class cabins of any flight that’s longer than eight hours long. Given that Turkish Airlines flies to more cities than any other airline in the world (334 and counting!), that’s a lot of chefs in a lot of cabins. Everything begins in a massive kitchen in the Istanbul airport, run by the award-winning gourmet catering company Turkish DO & CO in partnership with the airline, which is its biggest customer. (DO & CO also caters the airline’s excellent business class lounge in the same airport.) Then it makes its way onto the airplanes, along with the professional cooks who make sure it all turns out properly on … [Read more...] about Here’s What It’s Like To Be A Chef On An Airplane

Representative image Public sector lender Punjab National Bank has said it earned over Rs 645 crore by levying ATM transaction charges on customers during the financial year 2021-22. Revenue earned by PNB from ATM transaction charges stood at Rs 645.67 crore in financial year 2021-22, the bank said in response to an application seeking information under the Right to Information (RTI) Act. Besides, the country's second largest lender collected Rs 239.09 crore in the form of penalty imposed on customers who failed to maintain minimum balance or quarterly/monthly average balance in their bank accounts, according to the bank's response to Madhya Pradesh-based RTI applicant Chandrashekhar Gaur. In 2020-21, the bank had earned Rs 170 crore by levying charges on customers for not maintaining minimum balance in their accounts. This amount was collected from 8,518,953 accounts during Finanical Year 2022. To a query on the number of zero balance accounts with the bank, PNB (Punjab … [Read more...] about PNB earns over Rs 645 crore through ATM transaction charges in Financial Year 2022

Incredible as it may sound, IndiGo, with half the market operates to almost three-fourths of the airports across the country (Representative Image) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Interglobe Aviation Ltd surged as much as 10 percent after the company, which flies the countery's largest airline IndiGo, said it is planning to raise fares to return to profit after posting loss in the March quarter. The stock hit a high of Rs 1,808.50 on the BSE, up 10 percent from its previous close. At 10am, the scrip was trading 5 percent up at Rs 1,737 on the BSE. InterGlobe CEO Ronojoy Dutta said profitability was the top-of-the-mind periority for the company. "It's clearly very - you almost have to hit the point - the sweet spot just right, because you can keep pushing up fares and then at a certain point demand … [Read more...] about IndiGo shares jump 10% as airline plans to hike fares with focus on profitability

- A + A WASHINGTON (May 26): The number of Americans filing new claims for unemployment benefits fell more than expected last week as the labour market remains tight amid strong demand for workers, despite rising interest rates and tightening financial conditions. But the outlook for the economy is uncertain, with other data on Thursday showing corporate profits falling across the board in the first quarter. Some economists believe the erosion of profits and falling share prices could force companies to pause hiring or start laying off workers. Several retailers, including Walmart Inc have lowered their full-year earnings forecasts, citing high inflation. Snap, the parent of Snapchat, issued a profit warning this week, sparking a sell-off of social media stocks. "The biggest expense for most companies is labor always," said Christopher Rupkey, chief economist at FWDBONDS in New York. "High-flying tech companies have seen their share prices plummet which will force … [Read more...] about US labour market hot, but declining profits cast shadow over economy