SAN DIEGO, Oct. 13, 2020 /PRNewswire/ — Speakeasy Co., the leading integrated DTC solution for beverage alcohol brands, today announced they have received a seed investment from Goat Rodeo Capital, a venture capital firm focused on early state investments in the Beverage Alcohol and Cannabis sectors, to help fuel the company’s continual growth within the wider Drinks Industry.
Speakeasy Co., a three-tier compliant e-commerce platform that enables beverage alcohol brands to now sell direct-to-consumer, currently has more than 140 craft brands on the platform, some of which include 10th Mountain, 21 Seeds, Azuñia Tequila, The Bardstown Bourbon Company, Corsair Distillery, Ilegal Mezcal and Westward Whiskey.
“We feel incredibly lucky to have partners such as Carlton and James at Goat Rodeo Capital investing in our business. We were seeking strategic investment from a partner who understands the space and can help support us beyond capital through ongoing counsel
CHICAGO–(BUSINESS WIRE)–Cresset Partners and Diversified Real Estate Capital announced today the loan closing and construction start for the Cresset Diversified QOZ Fund (“Fund I”) investment in the Residences at RiNo multifamily development in Denver, Colorado.
This investment marks the fourth joint venture between Cresset Diversified and Hines, representing over $750 million in opportunity zone developments around the country. Led by Cresset Diversified’s experienced team of real estate, private equity, tax, and legal professionals, Fund I invests in institutional-quality, core real estate development projects and focuses specifically on well-positioned urban neighborhoods in high-growth markets like Denver.
Residences at RiNo is a build-to-core multifamily real estate project located in North Wynkoop, a premier master-planned district and is the only available multifamily development site within the master plan which is located in a qualified opportunity zone, just north of Downtown Denver. The property will be an 11-story, mid-rise residential building with
Alibaba (NYSE:BABA) has a lot going for it – not only is it a key beneficiary of secular drivers such as an ever-growing consumption-driven economy and the shift to e-commerce, but its ability to funnel that cash flow into profitable growth opportunities (e.g., cloud and logistics) leaves me incrementally bullish post-investor day. While the event is unlikely to result in major changes to consensus estimates, the long-term shift in focus toward a more balanced approach to growth and margins likely underpins sustained, long-term earnings growth, in my view. At current valuations, I believe the market is assigning value only to the core business and cloud, granting investors access to BABA’s ~$114bn strategic investment portfolio for free.
Outlining the Long-Term Drivers
CEO Daniel Zhang outlined the scale of his long-term vision at the event – this includes serving a massive 2bn global customers, facilitating the creation of 100m new jobs, and
A Charles Schwab chief investment strategist explained why making short-term bets ahead of the election is a risky strategy.
In the span of the last 30 election cycles, there have been a range of significant impacts on market performance that had “little-to-no relationship” with the incumbent party in the White House, the strategist, Liz Ann Sonders, noted.
Considering the multitude of market outcomes in every election cycle, she said “the economy impacts elections more than elections impact the economy.”
Investors looking for clear connections between the election and market performance cannot expect easy answers, she said.
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Betting on election outcomes is risky as history makes it clear that the relationship between politics and the stock market is varied and absent of consistency, according to a chief investment strategist at Charles Schwab, Liz Ann Sonders.
A quarter of IT professionals increased AI investment levels due to COVID-19, 42% kept it at the same level, but 75% plan to continue or begin new AI projects in the next 6-9 months.
As far as enterprise artificial intelligence projects are concerned, the COVID-19 pandemic was just a minor bump in the road, Gartner found: 24% of business and IT professionals surveyed said they increased AI investment during the pandemic, and 42% kept investment at the same level.
More about artificial intelligence
Driving current AI investment has been customer experience and retention, revenue growth, and cost optimization, Gartner found. Those areas of focus are likely to continue as new projects are initiated in the post-pandemic business world, which Gartner said will be rich with AI investment.
Seventy-five percent of respondents said that they plan to continue current AI initiatives or invest in new ones over the
As investors consider the political ramifications of the upcoming presidential election, exchange traded fund investors should be prepared for what the market implications may be of either outcome and what that could mean for investment portfolios.
In the recent webcast, An Election Playbook for Client Portfolios, Liz Young, Director of Market Strategy, BNY Mellon Investment Management; Chris Lucas, Director of Global Government Affairs, BNY Mellon; David Vandivier, Director of Global Government Affairs, BNY Mellon; and Stephanie M. Pierce, CEO of ETF, Index and Cash Investment Strategies, BNY Mellon Investment Management, warned that the coronavirus pandemic is far from over and remains a top risk in today’s market environment. While widespread lockdowns are unlikely, negative news updates will continue through the end of fall. Furthermore, BNY Mellon anticipated that expectations of an opposing party win could continue to cause market weakness ahead.
Overall, BNY Mellon argued that investors should not
IRVINE, Calif., Oct. 8, 2020 /PRNewswire/ — Hyperice, the industry leader in recovery technology and pioneer of percussion, vibration, dynamic air compression and thermal technology, has closed a new investment round that will fuel new growth including, increasing AI capabilities, strategic growth initiatives such as global expansion, and building on their connected fitness technology, HyperSmart™. This strategic capital will help the company meet the exploding consumer and enterprise demand for its products and position it for the future offering personalized information for all users, cementing and expanding Hyperice’s category leadership.
As part of this financing, Hyperice brings in a group of the most influential and highest performing athletes in sports. The athlete investors include: Seth Curry, Anthony Davis, Rickie Fowler, DeAndre Jordan, Jarvis Landry, Patrick Mahomes, Christian McCaffrey, Ja Morant, Naomi Osaka, Chris Paul, Doc Rivers, Ben Simmons, Kelly Slater, Fernando Tatís Jr, J.J. Watt, Russell Westbrook, and Trae
LOS ANGELES, Oct. 7, 2020 /PRNewswire/ — B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”), a leading business advisory and financial services company, today announced a strategic investment in IQvestment Holdings, an innovative fintech company offering an industry leading business-to-business eCommerce platform solution, as well as an SEC Registered Investment Adviser for sub-advised accounts and retail investors.
As part of the transaction, Chuck Hastings, B. Riley Wealth Management CEO, joins IQvestment Holding’s board of directors, and Jon Merriman, Chief Business Officer of B. Riley Financial, joins the firm’s advisory board.
“I am honored to be joining IQvestment Holding’s Board of Directors and look forward to working closely with Mark Healy and his experienced leadership team,” said Chuck Hastings. “As a firm, we are very excited to help grow the innovative digital platform that IQvestment has built to deliver cutting edge technology to their
MEXICO CITY (Reuters) – Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy.
The package, mostly privately financed, is the first clear sign of corporate bosses’ readiness to invest under Lopez Obrador since the coronavirus pandemic plunged Latin America’s no. 2 economy into its biggest slump since the Great Depression.
Ranging from a concession to revive a planned train link between Mexico City and the central city of Queretaro, to investments for state oil firm Petroleos Mexicanos (Pemex), the raft comprises some 39 projects, the government said.
Unveiling the plan, worth over 297 billion pesos ($13.83 billion), at a news conference, Lopez Obrador extended a hand to corporate bosses with conciliatory language.
“We have no problem with business leaders. On the contrary, they deserve our utmost respect and
A lack of significant interest from dip buyers, however, since the stock market crash of late February and early March means plenty of UK shares still trade on rock-bottom valuations.
A terrific dip-buying opportunity?
Our view of the 2020 stock market crash here at The Motley Fool is clear. We reckon the correction provides an exceptional opportunity for investors to get seriously rich in the years ahead.
There are too many top-quality UK shares that were oversold during the initial crash to miss. We can buy these for low cost today and possibly get stinking rich as they rebound in value once market confidence begins to recover.