All posts tagged: sell

Ringing The Bell: Meta Plunges On Report It May Sell “Tens Of Billions” In New Stock

Ringing The Bell: Meta Plunges On Report It May Sell “Tens Of Billions” In New Stock

Published by Jenni Sidey

They don’t ring the bell at the top, but they sure do sell a lot of stock. With SpaceX, Anthropic and OpenAI looking to IPO hundreds of billions in common stock (not counting even more hundreds of billions in lock up expirations that will hit the market soon)… … coupled with Google’s record $80 Billion follow on offering (of which half was a memestock-esque At The Market offering direct to retail), suddenly the cash-incinerating AI companies – already full to the gills with SPV and various other forms of debt – are realizing that if they don’t move fast they will miss the boat. And sure enough, FT reports that arguably the biggest cash burner of the lot, Meta, is considering raising tens of billions of dollars in a stock offering as it seeks new sources of capital to fund Mark Zuckerberg’s vast ambitions in AI, following the launch of Google’s record $85bn share deal this week. According to the report, company execs have been exploring “creative” ways to raise cash as it prepares to sharply …

Range Rover is finally ready to sell its first electric SUV

Range Rover is finally ready to sell its first electric SUV

Published by skeptic

Range Rover has confirmed the electric SUV is still set to go on sale in the next few months, after it was delayed last year. When is Range Rover launching its first electric SUV? While the Range Rover Electric was initially scheduled to hit showrooms by the end of 2025, JLR informed buyers that deliveries won’t begin until 2026. According to the latest update, the EV is still on track to launch by the end of the year. After renewing its partnership with The Championships, Wimbledon on Friday, Range Rover announced it will offer an early preview of the electric SUV at the event. The Range Rover Electric will be showcased at The Championship in British Racing Green, paying homage to the golden age of British motorsports. Advertisement – scroll for more content Range Rover said its first EV will “deliver a new level of refinement, combining a serene, crafted cabin with effortless power delivery and the brand’s signature capability” when it launches later this year. Range Rover Electric prototype (Source: JLR) “Previewing Range Rover …

Struggling Carls Jr. franchisee plans to close 10 and sell 49 California locations

Struggling Carls Jr. franchisee plans to close 10 and sell 49 California locations

Published by Sam Flores

A Carl’s Jr. franchisee is trying to close and sell his 59 locations in California after filing for bankruptcy protection in April. The franchisee, Harshad Dharod, who has branches mostly in Southern California, intends to close 10 of the branches he controls and find a buyer for the remainder, according to a broker helping find buyers. In earlier bankruptcy filings, Dharod had blamed California and Carl’s Jr. for his stores’ struggles. Dharod said a lack of support and innovation from Carl’s Jr. and an increase in labor costs from a $20 minimum wage left him unable to cover his expenses. Dharod couldn’t be reached for comment. A spokesperson for Carl’s Jr. and its parent company CKE Restaurants, said they are aware of Dharod’s decision to sell. “This situation is specific to this individual franchisee’s financial and business circumstances,” said the spokesperson. “This has no impact on the operations of any other Carl’s Jr. locations.” National Franchise Sales will oversee the sale, which spans Southern and Northern California. A spokesperson for the broker said it already …

Anita and Poju Zabludowicz to Sell .1 M. in Art at Christie’s

Anita and Poju Zabludowicz to Sell $20.1 M. in Art at Christie’s

Published by Jenni Sidey

Anita and Poju Zabludowicz, two art collectors who regularly appear on the ARTnews Top 200 Collectors list, are set to sell £15 million ($20.1 million) at Christie’s next month via an in-person auction in London on June 25 and an online sale. The top lot of the 106 works headed to auction is a Philip Guston painting. Titled Mirror Head (1977), it comes to sale with a high estimate of £5.5 million ($7.38 million). Also headed to auction are works by Beatriz Milhazes, Rose Wylie, Damien Hirst, Richard Prince, Takashi Murakami, Henry Taylor, and Charline von Heyl. Related Articles Once one of the most visible collecting couples in Europe, the Zabludowiczes appear to have in recent years scaled back some of their operations, closing their private museum in London in 2023 after more than a decade and a half in operation. The museum said at the time that it would continue to run a permanent space on the Finnish island of Sarvisalo, and that the main focus was to loan out works rather than to …

Frustrated Angels fans call for owner Arte Moreno to sell team

Frustrated Angels fans call for owner Arte Moreno to sell team

Published by Sam Flores

Lifelong Angels fan Johnny Gonzalez has reached his boiling point as the team sits at the bottom of the standings, but he’s not giving up. And he’s not alone. The Angels completed a surprise sweep of the Rangers on Sunday, but the team still is tied for the worst record in Major League Baseball with a 20-34 mark. Their fans spent the holiday weekend pushing back against the idea that the franchise would never be more than a bargain option amid rising prices all around them. Frustrated fans have gone shirtless during the Angels’ homestand and chanted for owner Arte Moreno to “sell the team.” And about 75 fans heeded Gonzalez’s call for a protest, gathering in front of the Angel Stadium State College Boulevard entrance on Saturday chanting “sell the team,” “we want playoffs” and “winning matters.” Drivers passing the spectacle honked their horns in support. “They’re not doing much for us fans,” said Gonzalez, who organized the protest using the Instagram account @AngelsBoycott. “It seems like every other team is just doing a …

Afghans sell their children in grim reality of life under Taliban | World | News

Afghans sell their children in grim reality of life under Taliban | World | News

Published by Sam Flores

Men in Afghanistan have been selling their children to survive poverty under the Taliban, a report from the country has revealed. The Taliban has taken over the country since the US withdrew its troops back in 2021. Since then, the Taliban offensive reestablished the Islamic Emirate, bringing Afghanistan back under their rule. The group intensified their crackdown on human rights, especially against females. The collapse of the economy almost entirely dependent on foreign aid pushed over 90% of the population into poverty and caused a near-total degradation of the local economy. The country is now facing record levels of hunger, with 4.7 million – more than a tenth of Afghanistan’s population – estimated to be one step away from famine. One resident of the badly-affected province Ghor, Abdul Rashid Azimi, told the BBC about his plans about his seven-year-old twins Roqia and Rohila. “I’m willing to sell my daughters,” he said. “I’m poor, in debt and helpless. I come home from work with parched lips, hungry, thirsty, distressed and confused. My children come to me …

Greene King to sell famous ale brand to Spanish brewer as fears rise over future of brewery

Greene King to sell famous ale brand to Spanish brewer as fears rise over future of brewery

Published by Daniella Wilson

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Greene King has agreed to sell its popular Old Speckled Hen brand to Damm UK, the owner of Estrella Damm, as the brewing giant shifts its focus away from producing beer for supermarket shelves. The significant deal is expected to lead to the long-term closure of the Westgate Brewery in Bury St Edmunds, although Greene King is concurrently developing a new site within the town. Damm UK, the British arm of Spanish brewer SA Damm, will acquire the entire Old Speckled Hen family of beers, which includes Old Golden Hen, Old Crafty Hen, Old Master Hen, and Low Alcohol Old Speckled Hen. To ensure a seamless transition and maintain consistent flavour, Damm UK will initially continue brewing the beers at the Westgate Brewery. However, production will subsequently be relocated to Damm’s recently constructed brewery in Bedford, ultimately resulting in the …

New York Is About to Sell Billion in Art. Who’s Buying?

New York Is About to Sell $3 Billion in Art. Who’s Buying?

Published by Sam Flores

On Monday evening, the British Museum hosted a cocktail hour in a board member’s apartment on the Upper East Side. After Nicholas Cullinan—the director of the British Museum, who, in his first two years on the job, has already boldly transformed the institution into something bloody exciting again—gave remarks, I was introduced to one of his London-based colleagues, who had just arrived in New York, minutes ago, for the first time. Recommendations? What a conundrum! The Met’s Raphael show, the Duchamp show at MoMA, and the Matisse show at Acquavella. The new New Museum? Oh, yes, it’s worth the trip downtown. Perhaps after a stroll over to Russ & Daughters—as I can only imagine what it would be like to visit Russ & Daughters during one’s first-ever hours on the island of Manhattan. And then, there’s the cultural obligation in one of the least compelling corners of this incredible city: Hudson Yards. For me, it was time to boldly walk by the monstrosity that is Thomas Heatherwick’s Vessel, duck under buildings designed to be as …

Electric Company Says It’s Cutting Off an Entire Town So It Can Sell All Its Power to Data Centers

Electric Company Says It’s Cutting Off an Entire Town So It Can Sell All Its Power to Data Centers

Published by José Betancourt

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech The data center scramble feeding off the AI boom is no longer just raising utility prices for nearby civilians — it’s rerouting their utilities entirely. Bombshell new reporting by Fortune details the plight of residents in Lake Tahoe, on the border of California and Nevada, whose electrical supplier is cutting them off in order to supply more energy to nearby data centers. According to the magazine, Nevada-based utility company NV Energy gave residents notice that they’ll stop providing power after May of 2027. That leaves California-based energy transmission company Liberty Utilities with a major gap in its supply chain, because NV Energy supplied 75 percent of its total power. To understand exactly what’s going on, we have to untangle the mess of transmission lines and energy suppliers that makes up the US electrical grid. Taking a look on Open Infrastructure Map, an open source tool for mapping the world’s utility infrastructure, it’s clear NV Energy supplies the bulk …

4 bedroom upgrades that can turn a profit when it’s time to sell your home

4 bedroom upgrades that can turn a profit when it’s time to sell your home

Published by skeptic

It’s never an easy decision to sell your house. Maybe you need to upgrade to a bigger one because you have a new family member on the way. Maybe you need to move for a new job. There are a number of reasons why it might be time to list your home. But with that comes a few things that you need to do first. You’re going to want to make your home as desirable as possible for potential buyers. While you probably think your aesthetic choices are the best, that just isn’t the case. Everyone is going to have their own opinions and it’s your job to help them envision themselves living in the home. When it comes to your bedroom, there are a few proven changes you can make to appeal more to future homeowners. Related 6 small home upgrades that actually add value when you sell If you are thinking of moving, try considering these. Making that bedroom a suite Adding a bathroom or improving the one already there is a big …