Tag: equity

Marijuana commissioner warns of scam to help people secure social equity cannabis license

State officials are investigating attempts by out-of-state entities to offer help securing social equity licenses for Delaware’s recreational marijuana program. The Office of the Marijuana Commissioner warned that out-of-state entities may be trying to trick Delawareans into paying for help to secure social equity licenses through the state’s future recreational marijuana program. The office has […]

AT&T vs. JPMorgan Nasdaq Equity Premium Income ETF

When it comes to generating passive income, investors have a wide range of options to choose from, including individual stocks and exchange-traded funds (ETFs). Two popular choices for income-seeking investors are the telecom stalwart AT&T (NYSE: T) and JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ: JEPQ), a derivative income vehicle. While both options offer attractive […]

Ken Fisher’s Fortune to More Than Double on Private Equity Sale

(Bloomberg) — Finance billionaire Ken Fisher’s net worth is poised to rise by $7 billion following the sale of a minority stake in his investment adviser, Fisher Investments. Most Read from Bloomberg Private equity firm Advent International and a unit of Abu Dhabi Investment Authority are paying at least $2.5 billion and potentially as much […]

Private Equity Titans’ Nerves on Edge at Lavish Industry Party

(Bloomberg) — Outside the chandelier-laden function rooms, away from the cameras and far from the stuffy booths in the main conference halls, the giants of private equity were getting honest with each other. Most Read from Bloomberg Despite many public proclamations that the industry has made it through the worst of this new world of […]

Dow Jones Slides On Jobs Report; GME Stock Dives On Equity Offering

Dow Jones futures, along with the other major stock indexes, dropped Friday as Wall Street reacted to a pivotal May jobs report from the Labor Department. GameStop (GME) stock plunged on the stock market today after the company announced an equity offering. X Prior to the opening bell, Dow Jones futures lost 0.6% vs. fair […]

GameStop Releases Q1 Results Ahead Of ‘Roaring Kitty’ Event, Files Prospectus To Raise Capital Via Equity Offering

GameStop Releases Q1 Results Ahead Of ‘Roaring Kitty’ Event, Files Prospectus To Raise Capital Via Equity Offering Video game retailer GameStop Corp (NYSE:GME) stock released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date. The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total […]

Paramount Agrees To Merger Terms With Skydance, Private Equity: Report

A cyclist passes by signage outside the Paramount lot in Los Angeles. . Paramount Global and its controlling shareholder, the Redstone family’s National Amusements, reportedly have agreed to terms of a deal that would combine Paramount with Skydance Media, which is backed by private equity. According to CNBC, Shari Redstone would receive $2 billion for […]

Pulitzer Center backs Illuminator project on maternal health care access, racial equity

Getty Images A year-long reporting project to examine barriers to maternal health care access in rural Louisiana has received support from the renowned Pulitzer Center, the organization announced Friday.  New Orleans-based freelance journalist Lorena O’Neil and the Louisiana Illuminator are one of nine Fellows and news partners chosen for the Pulitzer Center’s inaugural StoryReach U.S. […]

How private equity rolled Red Lobster

Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest casual dining operation, serving 64 million customers a year in almost 600 locations across 44 states and Canada. Its May 19 bankruptcy filing and closing of almost 100 locations across the country […]

Local seedlings to nurture Savannah foundation’s ‘tree equity’ efforts

On a sun-splashed weekday morning, an imposing icon of Savannah’s past stands sentry near the gate of a fenced compound protecting ingredients to the city’s future. A hulking live oak, Spanish moss draped over its gnarled arms like tattered shawls, seems to peer over the edge of the woods. Inside the enclosure, neatly arranged rows […]