A sports team owner, an investor, and retired NBA star Andre Iguodala made a case for investing in sports during a panel at the Next Level Sports Conference on Thursday.People are pumping millions into sports teams: The Clipper’s Intuit Dome in Inglewood cost $2 billion to build. And there are talks of NBA expansion to cities like Seattle, Las Vegas and even Mexico City. But is it a worthy investment or a bubble waiting to burst?Jasmine Robinson, a managing partner at Monarch Collective, is putting her money behind women’s sports.“In 2021, 2022 you started seeing a lot of the stakeholders…
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By Kevin Yao BEIJING (Reuters) -China’s economy grew slightly quicker than expected in the third quarter, but a prolonged property downturn and weak consumption remain a drag on activity, maintaining pressure on policymakers as they consider more stimulus steps to revitalise growth. Data released on Friday showed the world’s second-largest economy grew 4.6% year-on-year in July-September, beating a 4.5% forecast in a Reuters poll but slowing from 4.7% in the second quarter. Other data also released on the day, including industrial output and retail sales for September, beat expectations in an encouraging sign for policymakers. The property sector though continued…
In this insightful fireside chat hosted by Giovanni Amodeo, Roland Dennert, managing partner at Chipio Partners, delves into the dynamic world of software investing. Here’s a summary of the key topics discussed: 1. Background and Experience: Roland shares his journey from studying engineering in Switzerland to earning an MBA in Boston and consulting for the Boston Consulting Group in Paris. His transition into private equity began with the establishment of a Munich office for the Three I Group. 2. Overview of Chipio Partners: Chipio Partners operates as an independent player in the investment space, allowing for greater flexibility in strategy…
Mark Cuban Dismisses Dogecoin Founder’s Concerns: Kamala Harris Is ‘Night And Day Away From Biden And Far Ahead Of Trump’ On Crypto UnderstandingA recent exchange on X between entrepreneur Mark Cuban and a crypto enthusiast has shed light on Vice President Kamala Harris’s evolving stance on cryptocurrency, particularly Bitcoin (CRYPTO: BTC), in light of the November election.What Happened: Cuban, responding to a suggestion that Harris should transfer the U.S. government’s 200,000 bitcoin to the treasury, provided insights into his discussions with Harris’s team about crypto policy.Don’t Miss:He pointed out that the treasury is legally obligated to dispose of confiscated assets,…
China has announced in the past week a series of measures aimed at boosting its economy ahead of a key Politburo meeting later this week focused on reviewing the first half performance of the world’s second-largest economy.Str | Afp | Getty ImagesChina’s National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters.That’s less than the second-quarter growth of 4.7% year on year. On a quarterly basis, the third quarter saw 0.9% expansion, compared to 0.7% in the second quarter.”The national economy showed positive signs of…
(Reuters) – China’s economy expanded 4.6% in the third quarter from a year earlier, official data showed on Friday, slightly beating analysts’ expectations, maintaining pressure on policymakers as they consider more stimulus measures. Economists polled by Reuters had expected third-quarter gross domestic product to have grown 4.5% from a year earlier, slowing from 4.7% in the previous three months. KEY POINTS * Q3 GDP +4.6% y/y (f’cast +4.5%, Q2 +4.7%) * Q3 GDP +0.9% q/q (f’cast +1.0%, Q2 +0.5% revised) * Sept industrial output +5.4% y/y (f’cast +4.5%, Aug +4.5%) * Sept retail sales +3.2% y/y (f’cast +2.5%, Aug +2.1%)…
HONG KONG (Reuters) – China is strengthening enforcement with nations such as the United States to combat smuggling and other serious crimes, state media reported on Friday, citing the country’s National Immigration Administration. Smugglers and cross-border criminal groups at home and abroad have recently been “deceiving some people to participate in smuggling activities”, the administration said, without giving a specific time period or clarifying whether the smuggling involved goods, people or both. “During this period, the personal safety of individuals was seriously threatened, causing great economic losses, and some even paid the price of their lives.” The administration and law…
The best way to profit off the spread of artificial intelligence is to invest in data centers, the infrastructure that houses the booming technology, says Marc Ganzi, chief executive officer of asset manager DigitalBridge Group Inc. Source link
Silver Dollar City announced a $500 million expansion that includes a new resort. Thursday, October 17th 2024, 8:05 pm By: News On 6 Silver Dollar City announced a $500 million expansion that includes a new resort.The theme park is developing 1,200 acres next to the theme park, including a new 262-room Silver Dollar City Resort that will overlook the park.The resort is already under construction and will open in late 2026.Click here for more information. Source link
Boeing’s (BA) plan to outlast its strike is taking shape, with Reuters reporting on plans to raise $15 billion through stock and convertible bond sales. This financial maneuver comes as the aerospace giant grapples with a month-long labor dispute and its investment-grade credit rating hangs in the balance.The proposed fundraising reportedly includes a $10 billion equity sale paired with $5 billion in convertible bonds, which could convert to equity if needed. Previously, Boeing had indicated it might raise up to $25 billion in addition to a $10 billion loan.Before the machinist strike began last month, Boeing was already burning through…