Columbus, OH

According to an article by Spencer Jacob for the Wall Street Journal (WSJ), which was published earlier today, investment expert Mark Spitznagel is concerned about the potential upcoming bursting of the “greatest bubble in human history.”. Spitznagel is an American investor and hedge fund manager best known for founding...

U.S. Stock Market Warning: The ‘Greatest Bubble in Human History’ Could Be About to Burst, Claims Investment Guru

NBC News

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are increasingly offering lucrative shares of equity and deal profits to...

Family offices are giving top staff equity, profit shares in battle for talent

Hedge fund manager Bill Ackman is looking to raise $2 billion in the initial public offering of Pershing Square USA, with 40 million shares priced at $50. The firm will also give its underwriters the option to purchase up to six million additional shares, according to an announcement from the firm.

Bill Ackman seeking to raise $2 billion in Pershing Square fund IPO, lower than original expectations

London-based Flo Health, a fertility-focused period-tracking app, on Tuesday said it has raised a $200 million Series C from General Atlantic. The funding values the startup at more than $1 billion post-money, which, per the company, makes it the first “purely digital” women’s health app to become a unicorn. That distinction is challenging to qualify, since it seems that there are no clear “purely digital” unicorns in the women’s health category for comparison. (Maven, which describes itself as a health clinic and benefits platform, was last valued at $1.33 billion in 2022.)

Fertility tracking app Flo Health raises $200M at a $1B+ valuation

Nearly 50 years ago, Vanguard disrupted the investing world by launching the first index fund for individual investors. Here comes the sequel. Investors have tried everything to avoid paying those pesky capital gains tax bills in their mutual funds. Now Vanguard’s got an ETF share class for that — and by most indications, it could upend the $28 trillion fund industry.

The Vanguard Patent Shaking Up the Fund Industry

New York City, NY

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writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

The musician and mogul's firm Marcy Venture Partners may be undergoing a merger with Pendulum Holdings, a firm co-founded by Barack Obama's former financial advisor. Jay-z is reportedly making major waves in the venture capital space. The music legend and mogul’s venture capital firm, Marcy Venture Partner may be laying...

Jay-Z's Venture Capital Firm Is Reportedly Laying Plans To Deploy A Merger That Could Be Valued At $1B

Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN.

Google is close to making its biggest acquisition ever

Palantir Technologies and C3.ai are two artificial intelligence (AI) software companies with great potential for generating significant returns for investors in the rapidly growing AI market. Palantir’s software platforms, including Gotham, Foundry, Apollo, and the Palantir Artificial Intelligence Platform (AIP), allow organizations to analyze and manage their data to make better decisions. The company’s software has been notably used by the U.S. government for counterterrorism investigations.

Palantir and C3.ai: high-potential AI stocks

North Carolina State

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Town Talks

As North Carolina continues to attract new residents, understanding the rights and obligations of both tenants and landlords becomes increasingly important. Here’s what you need to know about landlord entry and tenant rights in the state.

Can landlords enter at any time, or is it trespassing? Here are the rules in North Carolina

Two years on, investors aren’t as enthused anymore as the business models of such startups, both asset-light and asset-heavy, across the continent have come under pressure, leading to retreats, closures, downsizing and mergers. Yet, Cartona, which is “very close to reaching full EBITDA profitability,” according to founder and CEO...

Egypt’s Cartona raises $8.1M even as investors pull back from B2B e-commerce in Africa

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

First up, senior reporter Rebecca Bellan took a look at fintech giant Stripe’s acquisition of four-year-old competitor Lemon Squeezy. The buy beefs up Stripe’s ability to calculate and pay global sales tax for customers, according to Stripe CEO Patrick Collison. Deal terms weren’t disclosed. It’s worth noting that Lemon Squeezy has a reputation for turning down other investments, including a $50 million Series A. The company’s founder said he was holding out for the right partner to take the business to the next level, and apparently Stripe was it.

Stripe’s easy-peasy acquisition and why is Twitch still losing money?

Ripple is set to advance fintech innovation in Brazil. San Francisco-based blockchain company Ripple recently announced a new tie-up with Fenasbac in order to promote fintech opportunities in Brazil with the help of the Next accelerator program. Notably, Ripple picked Brazil as its first company for targeted investment. The company...

Ripple Betting Big on Brazil

California State

The HD Post

CALIFORNIA – A month after Big Lots released its Quarter 1 results reporting a net loss of $205.0 million, or $6.99 per share, the company website shows 54 stores closing in California with a 20% off sale.

List of 54 Big Lots stores closing in California with 20% off sale

Camden, NJ

Cornelius, NC

Morristown Minute

CAMDEN, N.J. – Lisa Smith, 61, of Cornelius, North Carolina, has admitted to her role in a fraudulent scheme involving over $3.5 million in Paycheck Protection Program (PPP) loans. U.S. Attorney Philip R. Sellinger announced today that Smith pleaded guilty before U.S. District Judge Karen M. Williams in Camden federal court on July 17, 2024, to a charge of bank fraud conspiracy.

Woman Pleads Guilty to $3.5M COVID Relief Scam

Richard Byworth, head of liquid alternatives at Syz Capital, discusses bitcoin and global policies for bitcoin markets.

Nation states are going to start thinking about bitcoin reserves, analyst says

Nomura Holdings, Japan's largest brokerage and investment bank, reported a 195% jump in first-quarter profit on Tuesday as the rally in global markets and return of domestic inflation bolstered demand for its wealth management services. Nomura said net profit in the April-June period was 68.9 billion yen ($446 million) versus...

Japan's Nomura triples profit in first quarter as end of deflation spurs wealth management

One of the world’s largest financial powerhouses, Cantor Fitzgerald, which boasts a $13.2 billion valuation, is poised to make a significant entry into the crypto market, as the firm recently unveiled plans to delve into Bitcoin-backed lending on a grand scale. According to the firm’s announcement, the strategic move...

Cantor Fitzgerald Eyes Major Bitcoin Financing Business, $2B Initial Capital To Fuel Growth

NewsBreak

Hey, there ARE growth funds in Europe — Kennet raises $287M for its largest fund to date

Kennet focuses exclusively on backing established B2B SaaS startups that are founder-owned and either highly capital efficient or fully bootstrapped, meaning they’re built without external capital....

Hey, there ARE growth funds in Europe — Kennet raises $287M for its largest fund to date

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