quonset writes: “The Korean Fusion Cafe ‘Spoon by H’ had the ingredients to become an L.A. success story but is the epitome of a small business, with owner and chef Yoonjin Hwang working 15-hour days to run the restaurant with her mother and brother,” reports CBS News. “‘We have no staff. We have no cooks. I have to do everything by…
Tag: debt
Verizon Leads 5G Airwave Bidding With Record $45 Billion Splurge
Verizon Communications committed $45 billion for 5G wireless airwaves in a government auction that attracted record bidding as the largest U.S. mobile carriers race to build faster networks. From a report: At $23 billion, AT&T was the second-highest bidder, according to the Federal Communications Commission, which ran the auction. Participants also included T-Mobile US Inc. and pay-TV providers such as Dish…
The Fed’s System That Allows Banks To Send Money Back and Forth is Down
The Federal Reserve’s system that allows financial institutions to send money back and forth electronically went down Wednesday morning. From a report: The “operational error,” as the Fed described it, impacted multiple services, including its pivotal automated clearinghouse system, which connects depository and related institutions send electronic credit and debt transfers. There were no initial indications that foul play was suspected….
‘Meme Stock’ Rally Rescues AMC Theaters From $600 Million Debt
This week’s bizarre “meme stock” rally, which has delivered lottery-like windfalls for holders of GameStop stock, also wiped out $600 million in debt owed by the AMC theater chain. Polygon reports: That’s because, on Wednesday, a private equity firm named Silver Lake — and private equity firms are popularly considered the “bad guys” in this snobs-versus-slobs drama — elected to convert…
AMC Raises $917 Million To Weather ‘Dark Coronavirus-Impacted Winter’
An anonymous reader quotes a report from Variety: AMC Theatres, the world’s largest cinema chain, has raised $917 million in new equity and debt capital, the company said on Monday. “This increased liquidity should allow the company to make it through this dark coronavirus-impacted winter,” the company said, adding that its “financial runway has been extended deep into 2021.” AMC has…
Crypto’s Big Rupture Is Coming In 2021
An anonymous reader shares an opinion piece from CoinDesk, written by Ryan Zurrer. Zurrer is founder of Dialectic AG, an alternative-assets focused multi-family office. Previously, he was a Director at the Web3 Foundation and led the investment team at Polychain Capital, pioneering the SAFT as a legitimate investment instrument. From the report: Crypto is set to bifurcate and we will begin…
Lockheed Martin Acquires Aerojet Rocketdyne For $4.4 Billion
Lockheed Martin has agreed to buy Aerojet Rocketdyne for $4.4 billion in cash (including assumed debt). From a report: This reflects how legacy defense companies are racing to keep up with Elon Musk and Jeff Bezos in space, a dynamic that also helped drive Raytheon’s merger effort with United Technologies. Plus, this is the exact type of company that will be…
How Sabelo applied lessons from online learning to found his own tech company in South Africa
Meet Sabelo, the co-founder and CEO of Tuse, a company based in South Africa that offers award-winning artificial intelligence, blockchain, and IoT solutions. Prior to his success with Tuse, Sabelo spent eight years as a self-taught developer. He eventually determined that he needed additional training if he was to achieve his goal of launching his […]
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Debt Collectors Will Soon Be Allowed To Reach You By Text Or On Facebook
The federal government has cleared the way for collection agencies to send unlimited texts, emails and even instant messages to debtors on social media platforms. CBS News reports: The Consumer Financial Protection Bureau issued a final rule late last week outlining how collectors can use new communication methods. The federal agency, which is charged with protecting Americans from financial abuse, did…
Learn how Ian Camacho successfully changed careers with the Google IT Support Professional Certificate
We’d like to introduce you to Ian Camacho. He’s a successful IT professional, and he shares his story below about how he made a career change from entertainment to IT by enrolling in the Google IT Support Professional Certificate. He explains why he was eager to make the change, and offers some excellent advice to […]
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