Silicon Valley billionaires-in-waiting may face reckoning amid stock panic

Such seed-stage investments and so-called “Series A” funding were likely to continue, VC backers and analysts agreed. But the ability of startups to rapidly snatch millions upon millions – particularly in the absence of profitability – could begin to fade away, with buyouts likely to rise.

Tokyo stocks close higher on hopes for U.S. stimulus

TOKYO, Aug. 11 (Xinhua) — Tokyo stocks closed higher Tuesday as a comparatively soft yen encouraged buying amid hopes U.S. lawmakers will agree on a sizable stimulus package to help the virus-battered economy.

Roundup: Tokyo stocks close higher on hopes for much-needed U.S. stimulus

Equity strategists also said that adding to some hopes for the broader global economic recovery from the pandemic, better-than-expected U.S. jobs data for July released late last week also combined to buoy sentiment somewhat and sent investors after issues deemed oversold during the market’s recent downturn.

We will meet Atiku in court — Oshiomhole

Atiku pointed out what he described as statistical impossibilities. And he claimed that he had the two zones where he is strongest and the votes in those areas were smaller and that the margin of victory was also small. Now he specifically referred to the South-South and South-East. I want to refresh the minds of […]

Buy Mahanagar Gas; target of Rs 1226: Prabhudas Lilladher

We lower our FY21-23 earnings estimate to factor in gradual recovery in volumes post pandemic. MGL remains a play on increased gas penetration from rising vehicle and PNG penetration in a benign gas price environment. We continue to like MGL’s business given their dominating share in the growing markets of Mumbai and suburbs. Reiterate BUY.

Insurer Hiscox hit by cost of cancelled holidays and sports events

Panmure analysts said the results were mixed but highlighted Hiscox has seen a strong rise in premium rates, reiterating a “buy” rating, while Peel Hunt repeated a “hold” view and noted provisions were “still well below the potential losses that could arise from business interruption claims in UK Retail”.

The Hill’s 12:30 Report – Trump’s coronavirus executive orders stirs debate

From Senate Minority Leader Charles SchumerChuck SchumerTo save the Postal Service, bring it online White House officials, Democrats spar over legality, substance of executive orders Schumer declines to say whether Trump executive orders are legal: They don’t ‘do the job’ MORE (D-N.Y.): “It doesn’t do the job,” Schumer said on ABC’s “This Week” on Sunday. […]

See inside a city run by children

By the end of the second week of this year’s play city, children in one section of the city had built a small wooden island that floats in a lake in a public park. A travel agency was soon opened to offer trips to the island. “So you imagine you get on a plane and […]

How the rise of supermarkets left out black America

Garlich, of the grocery trade group FMI, said in a statement that recently, its members have been “conducting listening tours within their own companies and working with local business groups to address bias, reject discrimination and assess how they can better meet the needs of the neighborhoods they serve.”

Judd Apatow: The Rolling Stone Interview

Seeing Adam Sandler in his first movie, Billy Madison, when I was a kid helped shape my sense of humor in a huge way. But I’m not alone in my impression that he went on to make a lot of junk. Like, “Why is this guy doing Grown Ups, much less Grown Ups 3?”I don’t […]