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Here’s How Airlines Can Attract Passengers Again

(Bloomberg Opinion) — A refrain I’ve heard a lot these past six months is how great it’s been not to have to travel. People who were frequent fliers before the pandemic usually add that they now realize that, thanks to Zoom and its rivals, a lot of travel isn’t truly necessary anymore. Maybe some of it never was.Yes, lawyers need to conduct trials in person — but it’s a waste of time and money to fly across the country for, say, a one-hour scheduling conference. Sales representatives might need to fly to a client’s location to close a deal, but …read more […]

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Bumble IPO: Stock Rumored to Come in 2021

Is a Bumble IPO coming to the market? Rumors say it is. According to sources, the company is talking to banks about going public. And it’s hoping to raise its value beforehand.
But is Bumble stock a good investment opportunity? Here’s what we know…
Bumble IPO: The Business

Tinder co-founder Whitney Wolfe Herd founded Bumble in 2014. Bumble is a location-based dating app. Users are able to swipe on potential matches and match if both people swipe right. However, the woman must message first. The idea is to challenge social norms of heterosexual relationships and empower women. For same sex relationships, either party …read more […]

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TikTok troubles narrow gap between Beijing and ByteDance founder Zhang Yiming

ByteDance founder Zhang Yiming has long positioned himself as a global internet entrepreneur, largely eschewing Chinese government involvement, but U.S. demands to sell his crown jewel TikTok are testing the boundaries with Beijing. A year ago, ByteDance was approached by the Chinese government with offers of help when TikTok, a short-video app with a huge following among young people globally, faced political heat in India, a source familiar with the situation told Reuters. …read more […]

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SoftBank option purchases raise eyebrows as Wall Street backtracks

The trades were revealed just as Wall Street’s runaway technology-led rally was faltering. In August, SoftBank Chief Executive Masayoshi Son had announced a new investment management subsidiary that would park excess cash from a massive asset sale program in liquid stocks. In total, SoftBank injected roughly $4 billion building up stakes in Amazon.com Inc , Netflix Inc , Tesla Inc , Microsoft Corp and Alphabet Inc , according to regulatory filings. …read more […]

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Goldman Sachs joins syndicate for Ant IPO of up to $30 billion – sources

Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group’s mammoth initial public offering of up to $30 billion, two people with direct knowledge of the matter said. Ant, backed by Chinese e-commerce giant Alibaba Group , plans to list simultaneously in Hong Kong and Shanghai, in what sources have said could be the world’s largest IPO and come as soon as October. Wall Street major Goldman Sachs has been hired as a joint lead manager on the Hong Kong leg of the IPO, said the people, who …read more […]

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Etsy gets into S&P 500, Tesla does not

The decision by S&P Dow Jones Indices is a blow to Tesla investors who widely expected the company to join the benchmark stock index after a blockbuster quarterly report in July cleared a major hurdle for its potential inclusion. S&P Dow Jones Indices said in a statement it was adding online craft seller Etsy , semiconductor equipment maker Teradyne and pharmaceutical technology company Catalent to the S&P 500, effective Sept. 21, and removing H&R Block , Coty and Kohls . …read more […]

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Tesla Shares Fall After Stock Was Not Added To The S&P 500

After showing a fourth straight quarter of profitability, many assumed Tesla Inc (NASDAQ: TSLA) would be added to the S&P 500. After hitting this milestone, the electric vehicle maker qualified for entry into the index of the United State’s 500 largest companies.After the S&P 500 added Etsy Inc. (NASDAQ: ETSY), Teradyne Inc (NASDAQ: TER) and Catalent (NYSE: CTLT) on Friday evening, the lack of a Tesla announcement sent shares sinking. Meeting qualifications does not automatically mean a company will be added to the index, as a committee makes the final decision on which stocks to add each month.”It was viewed …read more […]

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Two Reasons Bloomin’ Brands Yields Fat Profits

Last Friday I wrote to you about Bloomin’ Brands (Nasdaq: BLMN) when it was trading for around $14.
You could have bought it around that price all day Monday!
However, the next morning, two analysts upgraded Bloomin’ Brands, and the stock shot up to more than $16 per share.

War Room members were ready and jumped in for some fat profits. I hope you were able to jump in on Monday after reading my article!
If you did, cash out now!
Take a look at what members had to say about the trade…
“79% gain.” – Mccauley
“In at $1.24, out at $2.10 (69%).” – Russ M.
“Out …read more […]

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Buffett's Berkshire slashes Wells Fargo stake

Berkshire said in a regulatory filing https://bit.ly/2Z9Kxml, it owned about 137.6 million shares, worth $3.4 billion, of the fourth-largest U.S. bank by assets, down about 100 million from the end of June. Buffett began investing in Wells Fargo in 1989, but has been reducing Berkshire’s stake as the bank struggles to recover from a series of scandals over its treatment of customers, including the opening of accounts without their knowledge. Moody’s Investors Service on Wednesday lowered its rating outlook on the bank to “negative” from “stable”, citing the bank’s slower-than-expected ability to resolve governance and oversight issues from …read more […]