All posts by: r4ibom

SoftBank Group Corp. is investing $500 million in mortgage lender Better as the Japanese investing giant seeks to ride a wave of swelling startup valuations.

The company behind the Satan Shoes will offer to repurchase the customized sneakers from consumers, resolving a lawsuit filed by Nike Inc. after the footwear created a social media splash.

Impossible Foods Inc. is prepping for an initial public offering that could value the maker of plant-based burgers at about $10 billion within the next year.

Thursday’s top personal finance stories

John Coates, acting director of the SEC’s corporate-finance division, warned executives that misinformation about the benefits of going public through a SPAC transaction has been spreading in the media and elsewhere.

Legendary fund manager said to buy what you know and that matters in this trigger-happy market.

Stick with growth-style stocks for better returns, says Mitch Rubin of RiverPark Funds.

The Moneyist: ‘You cannot be claimed as a dependent and file a tax return yourself and expect a payment. It’s one or the other.’

The Biden administration offered new proposals on taxing multinational companies in a bid to secure an international agreement aimed at reducing tax avoidance, particularly by big pharmaceutical and technology companies.

Oil prices headed modestly lower Thursday morning, with the commodity’s retreat being attributed, at least partly, to a delayed reaction to a bigger-than-expected increase in U.S. gasoline stocks, which suggests slack in energy demand.

Spain and Italy have joined other European countries in limiting the use of the AstraZeneca COVID-19 vaccine to the elderly, over concerns of possible links to very rare blood clotting.

Investors should expect other “eye-popping” sales numbers from retailers in the coming weeks, amid a “weird” year in which the COVID-19 pandemic wreaked havoc on the retail and restaurant segments.

AppLovin Inc. is shooting for a valuation of more than $30 billion as the app software company set terms for its initial public offering in its bid to catch a sizable piece of a $200 billion mobile app market.

The S&P 500 index looks on track to take a run at another record on Thursday, with technology shares set to help in that campaign, while the Dow was flat, ahead of comments from Federal Reserve Chairman Jerome Powell and weekly data on unemployment benefits.

JPMorgan Chase & Co.’s Jamie Dimon published his annual letter to shareholders on Wednesday, and as usual offered a broad overview of the state of the world after a year of a global pandemic, homing in on the hardship it has created for many and the widening wealth gap.