Business
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David Sacks to join Rumble’s board — after fellow ‘PayPal Mafia’ alum Peter Thiel throws support behind video platform
David Sacks, a tech entrepreneur and member of the so-called “PayPal Mafia,” is set to join the board of the video-sharing and social-media site Rumble Inc., a platform that over the years has become a bigger home to right-wing personalities and content. Sacks, the former chief operating officer of PayPal Inc. PYPL, -2.33%, will join…
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Ex-CEO of Silicon Valley Bank says no bank could have survived a run ‘of that velocity and magnitude’
The former chief executive of Silicon Valley Bank plans to tell lawmakers Tuesday he did the best he could under the circumstances, and will apologize for the bank’s collapse. “The leadership team and I made the best decisions we could with the facts, forecasts, and outside expert advice available to us at the time,” Greg…
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14 million mortgages were refinanced during ‘pandemic boom.’ That makes life very difficult for home buyers.
[]The great pandemic mortgage refinance boom is most definitely over, but the aftershock is still rippling through the housing market. Homeowners are holding up home sales, as their ultra-low prize is too precious to give up. []During the early days of coronavirus pandemic in 2020 and 2021, mortgage rates fell sharply, and millions of homeowners…
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IRS explores offering a free tax-filing service. What could go wrong?
The Internal Revenue Service is the country’s tax collector, but a majority of people like the idea of the agency also becoming a tax preparer that does the job for free, according to a new poll released Monday. In Monday’s poll, 76% of voters said they like the prospect of the IRS creating a no-cost…
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HEI Stock Price | Heico Corp. Stock Quote (U.S.: NYSE)
HEICO Corp. engages in the manufacturing of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts. The Electronic Technologies Group segment designs…
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Aristocrat agrees to pay $1.2 billion for Nasdaq-listed NeoGames
SYDNEY — Australian gaming technology developer Aristocrat Leisure agreed to pay $1.2 billion for Nasdaq-listed NeoGames. Aristocrat ALL, +2.12% on Monday said that it had offered $29.50 a share in cash and will fund the transaction with its existing cash reserves. NeoGames shares NGMS, +111.76% last traded at $12.84, having dropped 11% on Friday following…
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Shake Shack faces proxy fight from activist investor: report
[]Burger chain Shake Shack inc. is reportedly facing a proxy fight from an activist investor seeking changes to boost the company’s stock price. []The Wall Street Journal reported Sunday that Engaged Capital, which has a roughly 6.6% stake in Shake Shack SHAK, +7.73%, is seeking three board seats and is planning to run a proxy…
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Fanatics to buy PointsBet’s U.S. sports-betting business for $150 million
Fanatics Inc. will buy the U.S. operations of Australia’s PointsBet for about $150 million, in the company’s largest foray yet into sports betting. PointsBet PBH, -21.14% announced the deal Sunday night, specifying that the acquisition only applies to PointsBet’s U.S. assets, not its businesses in Australia and Canada. CNBC first reported the deal. Fanatics did…
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China’s Ganfeng Lithium shares jump on expansion plans
Chinese lithium producer Ganfeng Lithium shares jumped in both Hong Kong and China, as investors welcomed the company’s latest move to expand its mining and battery production businesses. The company’s Hong Kong-listed shares 1772, +6.31% have gained as much as 8.0% and were last up by 5.5%. In Shenzhen, Ganfeng Lithium shares 002460, +8.67% advanced…
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Why the stock market will struggle to rally until debt ceiling, bank woes are in rearview mirror
So much for the stock-market climbing the proverbial wall of worry. The S&P 500 index continues to struggle in a tight range and some analysts see little prospect for a breakout until two, very big worries are in the rearview mirror. No surprise, the culprits are the persistent worries about regional U.S. banks following the…