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Castlevania, Ozark, and more are new on Netflix this March
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A floating boondoggle.
There’s an odd dichotomy in California’s high-end real estate market. While other traditional luxury areas like the Bay Area and coastal Orange County have been mired in a slight sales slump over the past year, driven by multiple factors – a tumultuous stock market, political uncertainty and more -- L.A.’s ultra-luxe segment has been on […]
You don't own a Ferrari, Ferrari owns you.Even if you have deep pockets, one still may not get past Ferrari's acceptance to purchase one of their new supercars. Owning one of these cars is more of a lifestyle than anything else, and they call the shots on who they
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Tyson Fury's promoter Frank Warren is keen to set up a bout with Anthony Joshua.
(Bloomberg) -- Wearing a black suit and harness, Richard Branson once leaped from the roof of a Las Vegas casino to launch one of his ventures.His fortune headed in the same direction this week.The value of the British billionaire’s stake in Virgin Galactic Holdings Inc. has fallen about $1.1 billion since the company reported widening losses in the fourth quarter from a year earlier. The firm’s shares were down 24% at 9:48 a.m. in New York and have tumbled 35% since Tuesday’s close.The Las Cruces, New Mexico-based firm is planning to resume ticket sales for future space flights to show Wall Street that affluent customers are willing to pay for such adventures.Space tourism is one of the latest bets from Branson, a serial creator of companies including everything from record labels to fizzy drinks to bridal gowns. The Virgin brand he founded as a mail-order retailer in 1970 is now linked to more than 60 businesses, including British bank Virgin Money UK Plc and airline Virgin Atlantic. This month, Virgin launched an adults-only cruise ship line that aims to attract younger passengers.Branson, 69, isn’t the only billionaire betting on space. Elon Musk and Jeff Bezos both have ventures in the area, but Virgin Galactic was the first to become a public company following a merger with U.S. investment firm Social Capital Hedosophia four months ago.The company has since become a highly speculative stock, more than doubling this year before Tuesday’s after-market results as hedge funds and other investors predict it will establish a new space-tourism industry.Chief Executive Officer George Whitesides has said the company will begin customer flights this year, with Branson expected to be among those on the maiden voyage.Branson owns about half of the business, which still makes up the bulk of his $6.8 billion fortune even with Wednesday’s stock slump, according to the Bloomberg Billionaires Index.(Updates stock performance in third paragraph.)\--With assistance from Justin Bachman.To contact the reporter on this story: Ben Stupples in London at email@example.comTo contact the editors responsible for this story: Pierre Paulden at firstname.lastname@example.org, Steven CrabillFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Petroleos Mexicanos posted a 345.5 billion peso ($18.3 billion) loss for 2019 on Thursday, nearly doubling the previous year's loss and dealing a major blow to the Mexican president's quest to revive the heavily-indebted state oil company. The company known as Pemex [PEMX.UL] said it had racked up a $9 billion loss in the fourth quarter, or about half the year's total losses, as it struggled to reverse a 15-year streak of declining crude output. The company's revenue during the October-December period totaled 320 billion pesos, a decline of around a fifth compared to the same three-month period in 2018, according to a statement Pemex filed with the Mexican stock exchange.