Shoppers have never been more open to trying private brands for consumer staples after the supply chain disruption that forced changes in shopping behavior amid the pandemic. Market research firm eMarketer reports that consumer attitudes about private brands have done an about-face in the past few years. The eMarketer survey […]
Business Investment
Governor Hochul Announces Corning Incorporated’s $139 Million Investment to Grow Operations in Monroe County
Headquartered in Corning, New York, the company is a large employer in New York with more than 7,000 employees across the state and approximately 62,000 worldwide. Empire State Development is assisting Corning with the planned expansion by providing up to $5 million in performance-based Excelsior Jobs Tax Credits in exchange […]
Why ETFs are a good investment value
VettaFi head of research Todd Rosenbluth discusses if the Fed has a grip on inflation and can avoid recession on ‘The Claman Countdown.’ Exchange-traded funds, or ETFs, can be a good way to diversify your portfolio and can be cost-effective. “ETFs are generally less costly and easier to access for […]
AST SpaceMobile Announces Agreement to Sell Its Investment in NanoAvionics
MIDLAND, Texas–(BUSINESS WIRE)–AST SpaceMobile, Inc. (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, announced it has entered into a definitive agreement to sell its majority ownership stake in NanoAvionics, a leading smallsat mission integrator and bus manufacturer based in […]
Apollon Wealth Management Names Eric Sterner as Chief Investment Officer
CHARLESTON, S.C.–(BUSINESS WIRE)–Apollon Wealth Management, a fast-growing registered investment advisor (RIA), announced today that it has hired Eric Sterner, CFA, MBA, CAIA, FRM, CIPM, as the firm’s Chief Investment Officer. Mr. Sterner brings more than 25 years of experience in the financial services industry to his new role, including most […]
New Romanian real estate investment company draws EUR 3.6 mln financing from local investor
Encore Capital Trust (ECT), a newly-launched Romanian real estate investment company, has drawn RON 17.7 million (EUR 3.6 mln) from several strategic investors in its first round of financing. Thus, the company’s capital reached RON 18.2 million (about EUR 3.7 mln). The list of investors who participated in the first […]
US Steel to make $150M investment in Iron Range operations | Business
U.S. Steel plans to invest $150 million in a new Iron Range facility that would make taconite pellets tailored for electric arc steel mills. The Pittsburgh-based company said Tuesday it plans to break ground this fall on the facility, which will be located at one of its two taconite plants, […]
Owner of Technology Companies Arrested for Alleged $45 Million Investment Fraud Scheme Involving Over 10,000 Victims | OPA
A Nevada man was arrested today in Los Angeles for an alleged investment fraud scheme that defrauded more than 10,000 victims of over $45 million. A federal grand jury in the District of Nebraska previously returned an indictment on June 14 charging the man, which was unsealed today in Omaha. […]
Philadelphia investment firm Swarthmore Group, managing $1.5 billion, is shutting down
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Swarthmore Group, the Philadelphia stock-and-bond investment firm started by lawyer-turned-prominent finance professional James Nevels in 1991, will go out of business on Thursday, according to employees and industry sources. “Very frustrating. (We were) only given two weeks’ notice,” said one of a group of staffers who spoke on the condition […]
Chilean embassy highlights Chile’s business, investment environment
Chile Investment Commissioner for Asia Vicente Pinto introduces Chile‘s investment potential and business environment to CEOs and guests at Chile Day celebrated on the sidelines of the second edition of the Global Biz Forum at the Grand Hyatt Hotel in Yongsan-gu, Seoul, June 15. (Jenny Sung) Chile is a Latin […]