Tag Archives: risks

(Bloomberg) — The blank-check company seeking to buy electric-car startup Lucid Motors Inc. made a last-minute appeal for retail shareholders to vote for the deal amid signs that it’s struggling to win their approval. Churchill Capital Corp. IV, the special purpose acquisition company started by investment banker Michael Klein, adjourned its Thursday shareholder meeting that was to determine the fate of the merger, pushing the decision back to the following day. It also appealed again in a… Source link

Google is aiming to help small-business insurers more accurately measure occupancy of buildings where they are on the hook for slip-and-fall accidents and other risks. The endeavor is part of a partnership between Google Cloud and Menlo Park, Calif.-based BlueZoo Inc. It is the latest publicly announced initiative of the Alphabet Inc. GOOG 0.63% unit as property and casualty insurers explore a wider range… Source link

(Bloomberg) — Strategists are struggling to see a turnaround ahead for Bitcoin, at least for now, as the digital coin hovers around the $30,000 level. The near-term setup is “challenging,” a JPMorgan Chase & Co. team including Josh Younger and Veronica Mejia Bustamante wrote in a note Friday, while Fundstrat Global Advisors LLC’s David Grider recommended reducing risk or buying some protection. The JPMorgan team said blockchain data suggests recent cryptocurrency sales were made to… Source link

June 16 (Reuters) – A U.S. appeals court on Wednesday revived a lawsuit in which shareholders of Google parent Alphabet Inc (GOOGL.O) accused Google of misleading them by concealing security vulnerabilities, including in its Google+ social network. The 9th U.S. Circuit Court of Appeals in San Francisco said the lawsuit raised a “strong inference” that Alphabet and its then-Chief Executive Larry Page knew about the bugs and an internal memo on security issues, and Alphabet intentionally… Source link

Alphabet Inc.’s Google made a rare surrender to French and U.K. regulators last week when it offered global changes to its ad sales and tracking practices, marking a turning point in Europe’s long effort to rein in the search-engine giant. The move could prompt other enforcers around the world to follow that example after years of inquiries and megafines by the European Commission haven’t changed Google’s behavior. “Obtaining a settlement is likely to be a… Source link

(Bloomberg) — Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the $11 trillion industry is far from immune. The remarkable surge in shares of AMC Entertainment Holdings Inc. and a handful of other stocks is showing up in multiple exchange-traded funds, skewing portfolios, altering risk profiles and exerting outsized influence on prices. Take the $68 billion iShares Russell 2000 ETF (ticker IWM). In the… Source link

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

MOSCOW (Reuters) – Russia’s Federal Antimonopoly Service (FAS) said on Wednesday a deal between Yandex.Taxi ride-hailing service, a subsidiary of Russian internet group Yandex, and a taxi firm Vezet could have negative effect on competition on the taxi market. Yandex.Taxi announced last month the acquisition of selected assets of Vezet to ramp up development of logistics services and enhance customer case across Russian regions. FAS said the deal did not require its approval as assets… Source link

MOSCOW (Reuters) – Russia’s Federal Antimonopoly Service (FAS) said on Wednesday a deal between Yandex.Taxi ride-hailing service, a subsidiary of Russian internet group Yandex, and a taxi firm Vezet could have negative effect on competition on the taxi market. Yandex.Taxi announced last month the acquisition of selected assets of Vezet to ramp up development of logistics services and enhance customer case across Russian regions. FAS said the deal did not require its approval as assets… Source link

Nobody in the NBA has been hit as hard by COVID-19 as Karl-Anthony Towns. Last March, his mother passed away from the disease, devastating him. Since then and five other family members to the disease, and he himself got it — a fairly serious case — and had to miss several weeks. So it’s easy to forgive him if he was a little put off by the idea of playing a Charlotte team this week where three players were out due to health and safety protocols — one not pulled until within a couple… Source link