The members of FC Barcelona voted in favor of raising additional funds in order to finance the renovation of the dilapidated Camp Nou stadium. Following the vote, the club launched the Espai Barca project, which aims to raise 1.5 billion euros ($1.74 billion) which will be used towards repairing...
Chinese restaurant chain and Italian coffee maker Lavazza are looking to open 1,000 Lavazza cafés in China by 2025, the companies revealed on Thursday. The two groups, which entered into a strategic partnership in 2020, will sink approximately $200 million into this effort as a means of fueling future...
Canadian hip-hop artist Drake has decided to purchase a stake in fried chicken restaurant chain Dave's Hot Chicken, putting him alongside fellow celebrity investors such as Boston Red Sox Chairman Tom Werner and actor Samuel L. Jackson. Drake, who is expected to own just under 50% of the company,...
Kathy Matsui, the former vice-chair of Goldman Sachs Japan, has launched MPower Partners Fund, a venture capital fund aimed at assisting startups with upholding and promoting their environmental, social, and governance (ESG) values. the primary focus of the new venture capital fund will be on investing in growth for late-stage...
Extend, a startup aimed at helping businesses offer product warranties, revealed on Tuesday that it had raised as much as $260 million in its latest round of fundraising efforts, which were led by SoftBank Group Corp's Vision Fund 2. In response to the company's overwhelming success, Nagraj Kashyap, managing...
In what was a highly unexpected move, the Warren Buffett-led company Berkshire Hathaway Inc decided to shed its investment in Wells Fargo, selling the vast majority of its stocks in the bank. Berkshire first invested in Wells Fargo, the 4th largest U.S. bank, in 1989. This decision was largely...
The desire to save money has been more popular than ever amongst Americans lately. What with the coronavirus pandemic, lockdowns, and unemployment skyrocketing in 2020, last year caused a panic that led citizens to (smartly) save their hard-earned cash as much as possible.
Although we didn't necessarily need anyone to...
Whitney Tilson invested in Netflix when it was only at $7.78 a share. Now that Netflix is the massive streaming giant it is today, everyone wants to know what this man's secret is. Thankfully, he's more than willing to give his pearls of wisdom.
But investing in Netflix wasn't his...
90-year-old business tycoon Warren Buffet has become the latest billionaire to reach a net worth of $100 billion according to the Bloomberg Billionaires Index. There, he joins Amazon founder Jeff Bezos, Tesla and SpaceX CEO Elon Musk, and close friend and Microsoft co-founder Bill Gates.
This came as Berkshire Hathaway...
Amazon founder Jeff Bezos has reclaimed the title of the world's richest person this week, unseating Tesla and SpaceX pioneer Elon Musk. This comes after Tesla Inc. stocks slipped by 2.4% during Tuesday's trading.
Having help at the top spot for six weeks, Elon Musk lost approximately $4.5 billion as...