Share to Twitter Share to Linkedin The job market and the economy will be in bad shape for a while. With all the chatter about inflation and a recession, it's hard to understand what is happening. Let’s break it down. A combination of pent-up demand from the pandemic, supply chain disruptions , trillions of dollars flooded into the market from the Federal Reserve Bank, and massive fiscal stimulus packages from both the Trump and Biden administrations helped stoke inflation . Runaway inflation is ruinous to a country. The costs spiral out of control. The poor are disproportionately impacted, as they generally don't have emergency funds or the ability to earn more than the rising inflation rate to keep their heads above water. To decrease the adverse impact of inflation, Jerome Powell, the head of the Federal Reserve Bank, announced that he would raise interest rates to battle inflation and cool down the economy. If you have been looking to … [Read more...] about An Easy Explanation Of What Happens When The Federal Reserve Bank Raises Interest Rates
Raising venture capital for the serious entrepreneur
ARB to raise up to RM59.32 million via IPO through listing of IoT business unit on NASDAQ
- A + A KUALA LUMPUR (Aug 12): ARB Bhd on Friday announced that it has proposed to list its internet of things (IoT) business via its indirect wholly-owned subsidiary ARB IOT Group Ltd (AIGL) on the NASDAQ Stock Exchange in New York through an initial public offering (IPO) with an issue price of at least US$4 (RM17.78) to raise a minimum of RM17.78 million and up to a maximum of RM59.32 million. In a bourse filing, ARB said the RM59.32 million proceeds under the maximum scenario from the IPO will be utilised mainly for strategic acquisitions and investment activities (RM30.69 million), aside from working capital and general corporate purposes (RM15.34 million), with the balance for the estimate listing expenses (RM8.18 million) as well as research and development activities (RM5.11 million). AIGL was incorporated in the Cayman Islands and is a wholly-owned subsidiary of ARB IOT Ltd, which in turn is an indirect wholly-owned subsidiary of ARB Holdings Sdn Bhd and in … [Read more...] about ARB to raise up to RM59.32 million via IPO through listing of IoT business unit on NASDAQ
Vortex plans another private placement to raise RM21 mil
- A + A KUALA LUMPUR (Aug 12): Vortex Consolidated Bhd plans to raise up to RM21.05 million via a private placement, mainly for working capital requirements for its moneylending business. The exercise will see up to 127.58 million shares or 10% of the group's total issued shares issued at a price to be determined later, Vortex said in a Bursa Malaysia filing. This marks the group's second cash call this year after it completed a private placement on March 29. That placement raised gross proceeds of RM19.92 million to fund a mixed property development project. Vortex has also undertaken several other cash calls over the past two years. It raised gross proceeds of RM56.55 million via a rights issue mainly to repay bank borrowings and as working capital requirements for the mixed property development project and its moneylending business. The rights issue exercise was completed on April 28, 2021. Prior to that, Vortex completed two rounds of private placements in … [Read more...] about Vortex plans another private placement to raise RM21 mil
Overtime Raises $100 Million With Drake, Jeff Bezos And Kevin Durant On Its Cap Table
Share to Twitter Share to Linkedin Overtime, a sports media start-up for high school sports is big business as the company announced it raised $100 million in its Series D funding round from Liberty Media and Morgan Stanley’s MS Counterpoint Global team. The company's CEO Dan Porter has indicated it's valued at more than $500 million, according to Bloomberg . The NBA star Kevin Durant, Drake, the rapper, and Amazon AMZN founder Jeff Bezos among others are already heavily invested in the company as it gears up to launch new leagues. The six-year-old company is making sure its players aren’t left out in the cold when it comes to compensation by providing guaranteed salaries to these young athletes. The Breakdown You Need To Know: The company is a social media juggernaut with 65 million social followers and 2 billion monthly video views. Overtime Elite features 27 players, all living, learning, and training in Atlanta. CultureBanx noted … [Read more...] about Overtime Raises $100 Million With Drake, Jeff Bezos And Kevin Durant On Its Cap Table
Ignore The Debate Over Whether The Inflation Reduction Act Raises Taxes On Those Making $400,000 Or Less
Share to Twitter Share to Linkedin As Congress is about to pass the Inflation Reduction Act, Washington is once again having a breathless debate over very little. This one is about whether Democrats are violating President Biden’s pledge to not raise taxes on households making $400,000 or less annually. But here’s the secret: This is yet another ridiculous political argument. The Tax Policy Center analyzed the big climate, health, and tax bill three different ways. The bill is quite progressive every time. On average, the after-tax incomes of low- and moderate-income households either would go up a bit or not change in any measurable way. The average after-tax incomes of high-income people would decline. But on average, the vast majority of households will barely notice any tax change, one way or the other. Effectively zero tax change In one TPC analysis , average taxes of middle-income households would fall by $100. In another, they’d go up … [Read more...] about Ignore The Debate Over Whether The Inflation Reduction Act Raises Taxes On Those Making $400,000 Or Less
Congress Vs. Inflation: The Legislative Tax Showdown
Share to Twitter Share to Linkedin Tax Notes reporter Benjamin Guggenheim discusses the latest tax legislation on Capitol Hill: the recently passed CHIPS and Science Act and the revived reconciliation bill known as the Inflation Reduction Act. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I'm David Stewart, editor in chief of Tax Notes Today International . This week: Build Back smaller? After months of stalled negotiations, little agreement in either chamber of Congress, and a declaration that Build Back Better was dead, last week, Senate Democrats were able to make progress on not one, but two separate bills. The first, known as the CHIPS and Science Act, was a more bipartisan effort from the Senate that has generally been split down party lines. While the second, known as the Inflation Reduction Act (IRA), is Senate majority leader, Chuck Schumer, D-N.Y., and Senator Joe … [Read more...] about Congress Vs. Inflation: The Legislative Tax Showdown
Treasure Global IPO: What to know as the Malaysian e-commerce platform’s stock hits the Nasdaq
The past few weeks have offered up investors something along the lines of buried treasure in the form of two Hong Kong-based financial firms. Both Magic Empire Global and AMTD Digital recently went public and subsequently saw their share values skyrocket, earning some traders a nice return. But many hungry investors, who perhaps missed out on the rise of Magic Empire and AMTD, are wondering: When will the next gold vein appear? advertisement advertisement It may arrive today, as Treasure Global Inc., a Malaysia-based e-commerce company, IPOs , with shares expected to start trading on the Nasdaq under the ticker “TGL.” Two million shares will hit the market, and will initially be priced at $4. Treasure Global attempts to marry online commerce with physical retailers, and it has an app, called Zcity, which shoppers can use to find deals, get rebates, and more, according to its prospectus . It’s also working on a new platform aimed at food and … [Read more...] about Treasure Global IPO: What to know as the Malaysian e-commerce platform’s stock hits the Nasdaq
The 20 Restaurants To Try In Paris Right Now
Share to Twitter Share to Linkedin As with every winter, an onslaught of new restaurants have opened in the French capital, making it even harder to choose where to eat in Paris . So, to help you along, we've done the research for you by testing 20 of the most talked-about places in the city, in hope of making the process of picking a restaurant to eat in Paris on your next visit as smooth as possible. From design-forward hotspots serving up laid-back cuisine to the young chefs en route for the stars, we've got you covered. 1. Granite, A Former Chef At Anne-Sophie Pic's Who's Destined For The Stars Tucked out of sight just around the corner from the Louvre, the young crew at Granite are sure to nab themselves a few stars in the coming years for the stellar service, slick décor and magnificently crafted cuisine. Helmed by 28-year-old Tom Meyer, the young chef is no stranger to multi-Michelin-star excellence. Having created no less than an astounding 400 … [Read more...] about The 20 Restaurants To Try In Paris Right Now
Inside Paris’ New Crop Of Chic Hotels: 8 Places To Stay
Share to Twitter Share to Linkedin Every season, Paris sees a whole new batch of hotels open their doors, which can make it hard to keep up. These last few months, the French capital has welcomed offshoots of international big hitters, including a Bvlgari hotel with a sense of service that'll be hard for other properties to match, and a first urban property for Cheval Blanc. Revamps of the Saint James chateau-hotel and historic Lancaster have also made it onto the list, as well as openings of smaller boutique hotels for explorers looking to put a different spin on the city. Bvlgari Hotel Paris About as haute as it gets, the Bvlgari Paris opened earlier this year, joining locations across the world from Bali to London. Sporting a seriously sleek look that screams Italian glamor without so much as a hint of rococo, the brand, that is set to continue its expansion on home ground in Rome, Tokyo and Los Angeles, has discreetly glided into the top spot when it … [Read more...] about Inside Paris’ New Crop Of Chic Hotels: 8 Places To Stay
These frozen coffee pods are the future of barista-quality coffee at home
Each morning for the past two weeks, I’ve taken out a tiny aluminum capsule from my freezer. Inside is a small, frozen puck of coffee, which I pop in a glass and pour a few tablespoons of boiling water over from my kettle. As a Bostonian, I’ll drink iced coffee in a tundra, so I add ice cubes, top off the glass with almond milk and water, and toss the capsule into the recycling bin. And that’s the beauty of Cometeer . advertisement advertisement The new-ish company sells K-cup size capsules of flash-frozen brewed coffee, that are stashed in your freezer and reconstituted with hot water. They can also chill in your fridge or counter (or carry-on, as the company emphasizes, the capsules are TSA-compliant) for up to 24-hours and be added to cold water (or ice cream for affogato) once it melts. The capsules don’t explode or go bad if left defrosted, but the brand says the 24-hour window is when the “full complexity” is at its peak freshness. Cometeer … [Read more...] about These frozen coffee pods are the future of barista-quality coffee at home