Draymond Green (Golden State Warriors) with an assist vs the New York Knicks, 01/21/2021
Draymond Green (Golden State Warriors) with an assist vs the New York Knicks, 01/21/2021
Dreams is the space you go to where you go to play and experience the dreams of Media Molecule and its community. It’s also a space in which to create your own dreams, whether they’re games, art, films, music or anything in-between and beyond.
A new bipartisan bill would ban members of Congress from buying or selling individual stocks.
The “Raya and the Last Dragon” star told The Hollywood Reporter she’s “so much happier” since she left the internet amid “Star Wars” harassment.
In a new interview with 'Variety,' 'The Falcon and The Winter Soldier' star said he was worried that he might be the face of the first Marvel project to fail.
The Mets traveled to play the Cardinals on Wednesday afternoon in their third spring training game.
President Biden delivers remarks from the White House to a House Democratic Caucus event.
BETHESDA, Md. (AP) _ Global Medical REIT Inc. (GMRE) on Wednesday reported a key measure of profitability in its fourth quarter. The results topped Wall Street expectations. The Bethesda, Maryland-based real estate investment trust said it had funds from operations of $12.4 million, or 24 cents per share, in the period.
Chipmaker Marvell Technology late Wednesday matched Wall Street's target for earnings in its fiscal fourth quarter and beat views on revenue. However, MRVL stock fell in extended trading.
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HOUSTON (AP) _ SilverBow Resources Inc. (SBOW) on Wednesday reported fourth-quarter net income of $9.3 million. On a per-share basis, the Houston-based company said it had profit of 77 cents. SilverBow shares have risen 59% since the beginning of the year.
ThredUp Inc. (thredUP) today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. thredUP has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "TDUP."
The Security Industry Association (SIA) has named Craig Sharman as the 2021 recipient of the SIA Chairman's Award, an award presented annually and selected by SIA's Board of Directors chair recognizing SIA members' diligent efforts in furthering the association's mission and commitment to its future. SIA will present Sharman with the award at The Advance, SIA's annual membership meeting, which will be held March 23 as a virtual event.
Winslow faced the possibility of life in prison for his charges prior to agreeing to a plea deal.
The stock market continued to move lower on Wednesday, with market participants clearly expressing their preference for old-economy value stocks over the high-growth momentum-driven plays that performed so well throughout the last part of 2020. As has commonly been the case in the past couple of weeks, the Dow Jones Industrial Average (DJINDICES: ^DJI) held up reasonably well thanks to its hefty helping of financial stocks, but the S&P 500 (SNPINDEX: ^GSPC) lost more ground, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) saw even bigger declines. What makes it simple is that it involves investing in the same 500 stocks that make up the S&P 500 and are the basis of so many index-tracking ETFs and mutual funds.
(Bloomberg) -- Oscar Health Inc., the health insurance startup co-founded by Josh Kushner, fell 11% its trading debut after raising $1.4 billion in its upsized, above-target initial public offering.The company’s shares, which sold for $39 in the IPO, opened their first day of trading Wednesday at $36 and closed it at $34.80, giving the company a market value of about $7 billion.Oscar Health and a selling shareholder sold 37 million shares on Tuesday. It had marketed 31 million shares for $36 to $38 a share, a range that it had elevated from $32 to $34.Kushner, managing director of the venture firm Thrive Capital, is the brother of Jared Kushner, son-in-law and onetime senior adviser to former U.S. President Donald Trump.“We have been growing a lot in the last couple of years,” said Mario Schlosser, chief executive officer and co-founder of Oscar Health. “The thesis works, the company works and we want to show it to the world.”Though with cash in hand and despite being in a crowded sector, there are no plans for Oscar Health to make acquisitions at the moment, Schlosser said. “We have a ton of growth ahead of us just organically,” he said.Kushner and Thrive Capital will control the majority of the voting power, according to the filings. The New York-based company’s Class A shares are entitled to one vote while Class B shares will have 20.Google’s parent Alphabet Inc., Fidelity Management, Founders Fund, General Catalyst and Khosla Ventures are also among the company’s shareholders.Oscar Health trades on the New York Stock Exchange under the symbol OSCR. Goldman Sachs Group Inc., Morgan Stanley, Allen & Co. and Wells Fargo & Co. led the offering.(Updates with closing share price in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Monster Jam Steel Titans 2 combines everything fans loved about the original and packs in more trucks, brand new worlds, and online multiplayer! The expanded roster includes fan favorites like Higher Education, Sparkle Smash, Backwards Bob, and Avenger! The five, brand new, in-game worlds expand on the Monster Jam universe, providing endless exploration and discovery for players. Monster Jam Steel Titans 2 also delivers on the competitive aspects racing fans crave, from head-to-head stadium raci
The Interior Department rescinded a Trump-era policy that the Biden administration says "improperly restricted" the use of science and data, and ordered a review of its "scientific integrity policies," effective immediately, the acting Interior secretary announced Wednesday. Why it matters: The action is part of an effort to ensure the Interior Department remains a "leader in scientific integrity." The American public's divided trust in science was deemed a foundational crisis that President Biden would need to address to tackle other challenges awaiting him on Day 1 of his presidency, including the pandemic and climate change.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeContext: "Among other serious concerns," the late 2018 Interior order demanded that "every partner ... contractually agree to publish their data," hampering "the Department’s ability to enter into contracts for cutting-edge research, particularly when such research involved proprietary data."What they're saying: "SO 3369 was issued without permitting the due consideration and review by the Department’s career officials or by the broader scientific community," Acting Secretary Scott de la Vega wrote.He also noted that the "restrictive approach to data further precluded the Department from utilizing sensitive information (e.g., regarding sacred sites or rare and threatened species) to inform complex policy decisions.""The waiver process remained undefined and left the Department’s scientific endeavors vulnerable to political influence," he wrote.What's next: De la Vega's order requires science integrity officers across the department to share reports on the actions in which compliance with the Trump order “was determinative in the outcome or decision” in the next 90 days. Like this article? Get more from Axios and subscribe to Axios Markets for free.
The House's version of the bill phased coronavirus relief checks out at $100,000 of income.
(Bloomberg) -- A sprained ankle turned into a multibillion business for Josh Kushner.Bewildered by the paperwork he received after a 2012 leg injury, Kushner, 35, thought there might be a way to improve the experience with technology. He teamed up with Mario Schlosser, an entrepreneur he’d worked with in the past, who’d also had a trying insurance experience after the birth of his first child.It helped that Obamacare had just been enacted, boosting the number of Americans able to afford health insurance and seeking plans through the new exchanges. Together, Kushner and Schlosser founded Oscar Health Inc.The insurer began trading on the New York Stock Exchange Wednesday, selling 37 million shares at $39 each. The stock’s price fell 11% in its first day of trading to $34.80, making the firm worth $7.1 billion. A December funding round valued it at about $6 billion.Kushner, the younger brother of Donald Trump’s son-in-law Jared Kushner, controls 32.9 million shares worth more than $1.1 billion through his venture capital firm, Thrive Capital. It was part of a group including Founders Fund and General Catalyst that put $40 million into Oscar Health’s initial fundraising. Thrive Capital also participated in later financing rounds.Sternlicht, DruckenmillerOther investors include Barry Sternlicht, Stanley Druckenmiller and the family office of the Wertheimers, who own Chanel Ltd., according to filings.At the time of Oscar Health’s founding, Thrive Capital managed about $200 million, which has since grown to about $9 billion. Jared Kushner was once a board member, but resigned after joining the Trump administration.Fortunately for Oscar Health, that administration failed in its efforts to repeal the Affordable Care Act. It lists efforts to repeal or limit the law as a threat in its risk factors, but adds that President Joe Biden’s new administration may be a positive.The New York-based firm provides personal, small group and Medicare Advantage health insurance plans, and has 529,000 members. Oscar Health emphasizes its technology platform, saying that its data insights and member engagement provide a better experience for customers compared with other insurance plans.Like many technology start ups, the firm has never been profitable. While gross premiums increased in 2020, total revenue dropped to $455 million from $469 million a year earlier, and losses grew 56% to $407 million.(Updates with closing share price in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The U.S. Postal Service(USPS) said on Wednesday it is offering early retirement to non-union employees as it consolidates postal districts in an effort to stem billions in red ink. The USPS will merge the existing 67 Postal Service Districts into 50 Districts and will also centralize district-level marketing and retail efforts, Postmaster General Louis DeJoy said in a statement. USPS said the voluntary early retirement offers are going to non-bargaining employees at headquarters and district offices, declining to say how many positions it was seeking to eliminate.