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(Bloomberg) — For 110 years, four generations of Mills family members earned their money by expanding their great-grandfather’s Chicago apron business into a medical supplier that ranked among the nation’s largest private companies. But soon after Democrats turned their attention toward raising taxes for the wealthy this year, the family signed a deal to cash out billions. It was no coincidence, according to people close to the more-than $30 billion transaction, which sold part of Medline… Source link

Bitcoin (BTC-USD) fell more than 11% Tuesday morning after China ramped up its crackdown on cryptocurrency mining. The cryptocurrency, which in April had risen higher than $60,000, plunged to a value of under $30,000 and saw all 2021 gains disappear. It rose back up a little past $30,000 later in the morning but remained down several points from the day before. The dramatic fall comes as China has taken steps to further restrict Bitcoin mining and trading within its territory. China released a… Source link

Email campaigns are an essential part of any company’s marketing stack. Hubspot estimates that email marketing generates $38 for every dollar spent, putting it far ahead of other popular forms of marketing such as paid advertising and influencer marketing. Q1 2021 hedge fund letters, conferences and more One of the reasons for this is that emails are personal in nature. Anyone who decides to give you their address is qualifying themselves as being interested in learning more about what you… Source link

A regional deputy belonging to an opposition party in El Salvador and a group of citizens have sued the government over the country’s new bitcoin law, calling it unconstitutional. According to a report on Tuesday by Spain’s second-largest newspaper, El Mundo, Jaime Guevara of the Farabundo Marti National Liberation Front (FMNL) has joined a group of citizens to oppose the law. FMNL is one of the country’s two major political parties, and Guevara is the deputy of Morazán, a province in… Source link

Ben Zobrist, seen here in 2019, is seeking $6 million in damages amid claims that his former pastor was sleeping with his wife and defrauding his charity. (Dylan Buell/Getty Images) Former Chicago Cubs star Ben Zobrist filed a lawsuit last month alleging that his former minister had a sexual relationship with his wife and defrauded his charity foundation, according to the Chicago Tribune. Zobrist is seeking $6 million in damages in the lawsuit against Byron Yawn, his former pastor and current… Source link

SNY What Nets & Big 3 need to do to win NBA championship | What Are The Odds? In this What are the Odds segment, Eamon McAnaney and Marc Malusis discuss how injuries proved to be too much for Kevin Durant and the Nets in their Game 7 loss to the Bucks. They explain how injuries were the Achilles heel for Brooklyn all season but when fully healthy the Nets look like a legitimate title contender. However, when injury hits their Big 3, the depth needs to step up better. Watch more What Are the… Source link

Cryptocurrencies suffered another brutal weekend with bitcoin (BTC-USD) approaching $30,000 and ethereum (ETH-USD) sliding under $2,000 after China toughened its stance on crypto payments. But Coinbase customers now have access to an ethereum competitor called Polkadot (DOT1-USD), which is gaining the attention of Wall Street. At a recent Yahoo Finance Plus webinar, Capital2Markets President Keith Bliss compared the two developer networks, which are designed to decentralized finance. “ Source link

Not even award-winning celebrity chef Wolfgang Puck is immune to the labor shortage plaguing the restaurant industry. The two-Michelin starred chef told Yahoo Finance Live that he still hasn’t been able to re-open some of his more than 20 restaurants around the world, like Cartier in Beverly Hills, because he doesn’t have enough workers. “People get paid really well,” Puck said. “Still, it’s difficult to find people to work. At Chinois in Santa Monica it’s the same thing. I cannot… Source link

The cost of health care in the U.S. has grown worse in recent years as Americans continue taking on unprecedented levels of medical debt. The issue has gotten so bad that one New York-based 501 charity, RIP Medical Health, uses donations to buy up people’s medical debt. The organization recently announced a purchase of $278 million in medical debt owed by roughly 82,000 patients in the Tennessee and Virginia regions. “Medical debt is the no. 1 cause of bankruptcy in the United States,… Source link

Stocks rose on Monday, with the three major indexes looking to recover some of last week’s steep losses as an initial jolt following the Federal Reserve’s updated outlook for rates subsided.  The Dow added more than 200 points, or 0.7%. Last week, the index logged a weekly loss of more than 3% in its worst showing since October. The S&P 500 and Nasdaq were also each higher to extend gains from the overnight session.  Treasury yields on the long end of the curve ticked up to recover after a… Source link