• Brains have different beauty centers for art and faces – study

    Brains have different beauty centers for art and faces – study

    Psychologists discover that the way the brain perceives beauty differs between art or faces.
  • TikTok owner reportedly eyes fundraising valuing it at $180B

    TikTok owner reportedly eyes fundraising valuing it at $180B

    TikTok-owner ByteDance is in early talks to raise a new round of financing that will value it at $180 billion after the investment, according to two people familiar with the matter. The company is
  • Barry Diller’s IAC bets $1 billion on gambling giant MGM Resorts

    Barry Diller’s IAC bets $1 billion on gambling giant MGM Resorts

    IAC, the media conglomerate which operates Dotdash and Vimeo, has taken a 12 percent stake in Las Vegas hotel and casino giant, MGM Resorts, worth approximately $1 billion. IAC chairman and senior executive Barry Diller said his company was attracted to MGM, which owns resorts like The Mirage, The Excalibur and Luxor, for its online …
  • Kodak stock plunges after Trump administration puts loan deal on hold

    Kodak stock plunges after Trump administration puts loan deal on hold

    Kodak’s stock price plummeted early Monday after the Trump administration slammed the brakes on a loan deal to help the company launch a pharmaceuticals business. Shares in the former photography giant tumbled 38.2 percent to $9.20 by 7:50 a.m. after the US International Development Finance Corporation put the $765 million loan on ice amid probes …
  • Sports team owners scoring on blank-check company craze

    Sports team owners scoring on blank-check company craze

    The coronavirus crisis is fueling a craze for blank-check companies, and the billionaire owners of pro sports teams are cashing in. On Monday, Buffalo Bills owner Terry Pegula said in a securities filing he’s aiming to raise $300 million by selling shares in East Resources Acquisition Co., a blank-check company that’s looking to scoop up …
  • Carlyle saved from losses by backing out of American Express deal: sources

    Carlyle saved from losses by backing out of American Express deal: sources

    Private equity firm Carlyle Group’s abrupt decision to pull out of a $450 million investment in American Express’ troubled travel agency business could help it save a foundering new investment strategy, The Post has learned. The $195 billion Washington, DC, firm last week said it would be bowing out of plans to buy a 20 …
  • Here’s how to invest in oil — if you want to take a big risk

    Here’s how to invest in oil — if you want to take a big risk

    The oil market may look like a dollar-store clearance rack — but that doesn’t mean investors should buy up barrels like they’re out-of-season Easter candy. Rock-bottom prices have piqued the interest of would-be oil barons who furiously googled tips this week on how to bet on crude. They could usually do that through exchange-traded funds …
  • NBCUniversal bags $178M as it cashes in surging Peloton shares

    NBCUniversal bags $178M as it cashes in surging Peloton shares

    NBCUniversal has sold a $178 million stake in stationary-bike company Peloton, whose shares have lately been surging because of the coronavirus crisis. The Comcast-owned broadcaster — an early investor in Peloton, which went public last September — has been looking at its portfolio of investments as it seeks to shore up its cash reserves amid …
  • Wall Street firm offered 175% returns to investors using US aid programs

    Wall Street firm offered 175% returns to investors using US aid programs

    A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22 percent to 175 percent using US government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters. Following questions posed by Reuters, Arcadia Investment Partners, …
  • Investment professionals say ‘don’t panic’ amid coronavirus fears

    Investment professionals say ‘don’t panic’ amid coronavirus fears

    It’s a wild ride, but just hang on. Investors can survive and eventually prosper despite the horrific pandemic-driven stock market gyrations we are experiencing, investment professionals say. “Don’t panic. Never in my near-40-year career have I once heard someone say, ‘Gee, I’m glad I panicked,’ ” said Richard Bernstein, a longtime financial adviser with his own …