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Former Obama economist on $2T stimulus bill: I’m worried it might not be enough

March 25, 2020 admin Comments Off on Former Obama economist on $2T stimulus bill: I’m worried it might not be enough

As the coronavirus continues to impact the economy, Federal Reserve Bank of St. Louis President James Bullard called for strong fiscal stimulus to replace over $2.5 trillion lost due to COVID-19. Former Council of Economic Advisers Chair under Obama & Harvard Economics Professor Jason Furman joins Yahoo Finance’s Zack Guzman and Brian Cheung to discuss. …read more […]

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U.S. set to grant automakers a lifeline — but no bailout

March 25, 2020 admin Comments Off on U.S. set to grant automakers a lifeline — but no bailout

WASHINGTON/DETROIT (Reuters) – The $2 trillion economic rescue package before the U.S. Senate on Wednesday would send the federal government to the auto industry’s rescue for the second time in a dozen years. Automakers are fearful of being tagged as seeking a new government bailout so soon after the 2009 government-funded auto restructurings. Detroit has not sought industry-specific assistance and instead made the case the entire economy needs urgent access to liquidity. …read more […]

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Republic Explains the SEC’s Proposed Crowdfunding Changes and SAFEs

March 25, 2020 admin Comments Off on Republic Explains the SEC’s Proposed Crowdfunding Changes and SAFEs

Earlier this month, the SEC proposed long-awaited rule changes to Regulation CF. Reg CF (the CF stands for crowdfunding) governs how everyday investors can invest in startups – and how startups raise money through certain SEC-registered investment platforms.
The industry has been asking the SEC to make some of these changes for years. And these changes have the potential to reshape the startup investing landscape. They can also be a source of major confusion. Even well-written SEC regulations can be tough to understand. So we asked our friends at Republic to help us better understand what the SEC is proposing.
Republic is …read more […]

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Uber and Airbnb Lobby for Gig Worker Bailout

March 25, 2020 admin Comments Off on Uber and Airbnb Lobby for Gig Worker Bailout

(Bloomberg) — Isolated with his family at home in San Francisco, Uber Chief Executive Officer Dara Khosrowshahi has been making pleading phone calls to members of Congress. Khosrowshahi is asking for a bailout—not for his company, which has told investors it should have at least $4 billion in cash by the end of the year—but for its idle drivers.Uber Technologies Inc. and Airbnb Inc., the leaders of the so-called sharing economy, are suffering during the Covid-19 shutdown, but not in the same way as traditional travel companies like airlines or hotel chains. They’ve built their business models on offloading as …read more […]

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Texas Billionaire Who Levered Restaurant Empire Hit on All Sides

March 25, 2020 admin Comments Off on Texas Billionaire Who Levered Restaurant Empire Hit on All Sides

(Bloomberg) — Last month, on the Friday before the U.S. stock market recorded its worst weekly plunge since 2008, Texas billionaire Tilman Fertitta was beaming.As he prepared to host an annual Mardi Gras celebration at a beachfront resort outside Houston, business was booming, pushing his personal fortune to more than $5 billion.A few weeks later — after the Covid-19 pandemic brought the travel and leisure industry to a virtual standstill — his casinos and restaurants are shuttered and burning cash, 40,000 of his employees are temporarily out of a job, and a third of his net worth has evaporated.Few could …read more […]

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Can Novavax’s Surge Continue Following Positive Data for Flu Vaccine?

March 25, 2020 admin Comments Off on Can Novavax’s Surge Continue Following Positive Data for Flu Vaccine?

If you think the broader market’s extreme pendulum swings are the definition of volatility, you should have a conversation with long-term investors of vaccine specialist Novavax (NVAX). To quickly recap the last 24 months: In 2018, the stock gained 73%, paid it back with interest during a 90% slide in 2019, and is back to gaining again. Unlike most other names, so far in 2020, the small cap biotech is up by a jaw dropping 198%. Yesterday, Novavax added another 20% to its share price. So, the recent surge must be COVID-19 related, right? Well, yes and no. Novavax has …read more […]