MGM Looks to Buy Gambling Group for $11 Billion
US based MGM Resorts International is looking to buy British gambling group Ladbrokes for the sum of approximately $11 billion, making the casino brand the latest operator to throw its … Read More
Category: Finance
Amazon Acquires Podcast Company Wondery
Amazon has announced that they are acquiring Wondery, the company that owns podcasts such as “Dirty John,” “Dr. Death” and “The Shrink Next Door,” to keep up with other large … Read More
20+ US States Will Increase Minimum Wage
More than twenty states across the US are raising their minimum wage pay rate by a few cents to more than a dollar. California and some counties in New York … Read More
Baron Davis and Master P Are Looking to Buy Reebok for $2.4 Billion
Hip-hop artist Master P and former NBA All-Star Baron Davis are looking to buy the footwear and clothing company Reebok, according to a Forbes report. The company, which is currently … Read More
Chinese Government Investigating Alibaba For Monopolistic Behavior
Chinese government officials are continuing their pursuit of Jack Ma’s Alibaba company, launching an anti-trust investigation as it ramps up its efforts to scrutinize the increasing number of internet companies … Read More
UK Stocks Decline as Brexit and Covid Surge Loom
Stocks took a tumble on Monday amid concerns of a new coronavirus mutation which is causing widespread lockdowns in Great Britain. The surge threatens to crush recent optimism among investors … Read More
Robinhood Trading App Pays $65 Million Fine for Violation
The free stock-trading app Robinhood, has announced that they will be paying $65 million to settle federal charges that it misled its users about how it was making money, and … Read More
New US Jobless Claims Rise to 885,000
New unemployment benefit claims in the US rose to 885,000 last week; the highest weekly increase seen since September. As the coronavirus resurges around the country, many businesses have been … Read More
Popular Subscription Service BarkBox Will Go Public in Deal Worth $1.6 Billion
Popular dog supply company, BarkBox, plans to go public in a merger with a blank-check company. The subscription-based service is projected to raise $454 million after being acquired in a … Read More
Facebook Says Apple Will Hurt Small Business with Advertising Change
In a public display of its discontent, Facebook has taken to major news publications running a full-page ad campaign on Wednesday which slams Apple for upcoming changes to their privacy … Read More