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Seminars on stock market
The problem with Republican doomsday predictions for a Biden presidency
A Texas judge predicted full-on civil war. Right-wing think tank American Enterprise Institute was sure that “the Defense Department will be gutted, with cuts so deep that America will no longer be a superpower,” and it expected “the Environmental Protection Agency to impose crushing new burdens on U.S. business.” (Heaven forbid!) In an ad called “Welcome to Obamaville,” Rick Santorum warned that freedom of religion would be under attack, and that Iran would obtain and possibly use nuclear weapons. And, of course, Chuck Norris claimed America would face “1,000 years of darkness.” Meanwhile, in reality, Obama spent the second of his two terms continuing to reach across the aisle and having his hand smacked away. And only if you consider the legality of gay marriage an assault on religious freedom did religious freedom come under attack between 2013 and 2017. But perhaps the scariest prediction about a second Obama term was also the one … [Read more...] about The problem with Republican doomsday predictions for a Biden presidency
Cord-cutting service FuboTV is coming to the NYSE: Here’s what to know
The offering includes 15,000,000 shares of common stock, with underwriters getting a 30-day option to buy 2,250,000 additional shares. Shares are expected to be priced between $9 and $11. They’ll trade on the NYSE under the FUBO ticker symbol one day after pricing. The offering is being led by Evercore ISI, which will provide a full prospectus when it becomes available. FuboTV says it expects an estimated 370,000-380,000 subscribers for the third quarter of this year, a 28% increase over the same period last year. It projects revenue of $50 million to $54 million for the quarter, an increase of 38% on the high end. The offering comes as cable-TV subscribers are ditching traditional bundles in record numbers. Cord-cutting was already an accelerating trend before the coronavirus pandemic, but the loss of live sports during the first few months of the COVID-19 outbreak caused additional headaches for legacy cable providers. … [Read more...] about Cord-cutting service FuboTV is coming to the NYSE: Here’s what to know
It’s snowing on the NYSE and raining frogs on the Nasdaq
On the New York Stock Exchange, cloud-storage startup Snowflake roared out of the gate at $245 a share, more than double its IPO price of $120. The Silicon Valley firm, which provides data warehousing and analytic services, was buoyed by extra buzz this month when it said in a filing that Marc Benioff’s Salesforce Ventures and Warren Buffet’s Berkshire Hathaway were each purchasing $250 million worth of shares. … [Read more...] about It’s snowing on the NYSE and raining frogs on the Nasdaq
Chinese fintech giant Ant Group sets share price, trading date in record-setting IPO
Ant Group, formerly Ant Financial, is the parent company of Alipay, the world’s largest platform for mobile and online payments. Originally launched in 2004, it helped pioneer digital commerce in China and today serves about 1.3 billion users globally, the company says. The firm was spun out of Alibaba in 2011. … [Read more...] about Chinese fintech giant Ant Group sets share price, trading date in record-setting IPO
