Skip to content
The U.S. Treasury said on Tuesday it had closed loans to seven large airlines hit hard by the coronavirus pandemic and urged Congress to save tens of thousands of airline jobs by extending billions in payroll assistance. The Treasury said in a statement the seven carriers were Alaska Airlines, American Airlines, Frontier Airlines, JetBlue Airways Corp , Hawaiian Airlines, SkyWest Airlines and United Airlines....
UPDATED: YouTube TV customers are losing 19 Fox regional sports networks owned by Sinclair Broadcast Group as of Thursday, after Google and the broadcaster couldn't reach terms on a renewal. Starting Oct. 1, 2020, the Fox-branded RSNs will no longer be available on YouTube TV, according to Google. In February, Google had negotiated an extension […]...
On September 16, Snowflake (SNOW), a data storage and query company, did its much hyped IPO. And, no one was disappointed by the hype. The company is growing at a blistering pace and has high profile investors. These two key factors, along with a small amount of stock being issued, helped drive the price of the stock to nearly 3x the IPO price. Now, the stock is considered one of the richest companies trading on the stock market and some are saying to simply stay away. But, is there opportunity in a significantly rich stock, or should you wait to get into the stock once the market has settled down?Here are the key bullet points that you should consider when you think about Snowflake: * Snowflake, executing beautifully, is growing at blistering pace of about 120% annually. * High profile investors have helped to push up valuations. * Limited supply of...
(Bloomberg) -- The New York Stock Exchange has set a reference price of $7.25 for the direct listing of Palantir Technologies Inc., the data mining company co-founded by technology billionaire Peter Thiel.No shares change hands at the reference price, though it acts as a guide to investors and is determined based on recent secondary trading performance. At $7.25 a share, Palantir would have a market value of about $16 billion on a fully diluted basis. The reference price doesn’t dictate where the shares will start trading and at what Palantir’s actual valuation will be.That’s less than the $20.8 billion to $28.2 billion that some analysts had estimated, according to research notes.Peter Thiel Tightens His Grip on Palantir Ahead of Stock ListingPalantir, which won’t raise any proceeds, will begin trading on Wednesday alongside workplace management software firm Asana Inc., which is also set to debut through a direct listing.Palantir and Asana are...
“Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity," Apple's board of directors said in a statement. "For the first time in nearly a decade, we are awarding Tim a new stock grant that will vest over time in recognition of his outstanding leadership and with great optimism for Apple’s future as he carries these efforts forward.” Cook is in the ninth year of his 10-year grant from 2011....
