Yet another showbiz star has joined the well-monied folds of celebrities living in L.A.’s Encino neighborhood — records reveal Steelo Brim has shelled out $4.2 million for a transitional-style mansion in the celeb-studded San Fernando Valley enclave. The “Ridiculousness” host’s new home weighs in at a substantial 6,000 square feet, with five bedrooms and seven
0 Comments
Three defaults and you’re out; scheme of several years; misstep by misstep; and other highlights of recent tax cases. North Brunswick, New Jersey: Preparer Juan Solano, 46, has been sentenced to a year and a day in prison for income tax evasion. Solano was the owner of J&C Solano Tax Service; during 2016 he reported
0 Comments
The fitness industry has struggled during COVID-19. In May, five of the strongest national brands saw visits down an average of 84.5% year over year, according to Placer.ai. But as the pandemic now stretches past six months, gyms are beginning to mount a modest comeback. It turns out being stuck at home has increased people’s
0 Comments
Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California.  Source: Noah Berger | General Motors Cruise, a majority-owned subsidiary of General Motors, plans to begin testing unmanned autonomous vehicles by the end of
0 Comments
Gary Guthart, CEO, Intuitive Surgical Scott Mlyn | CNBC Check out the companies making headlines after the bell:  Del Taco Restaurants — Shares of Del Taco Restaurants surged nearly 9% after the Mexican restaurant chain reported better-than-expected quarterly earnings. The company posted an earnings per share of 16 cents in the third quarter, beating analysts’
0 Comments
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to
0 Comments
Now that we’ve entered a period of economic turbulence, distressed funds are raising record levels of capital this year. Usually, distressed funds perform well during certain economic conditions, including when monetary conditions have been dramatically eased and when high-yield debt issuance is high, according to a report on crisis-era distressed debt returns by Julian Falcioni
0 Comments
Coronavirus clinical trials from drug giants Johnson & Johnson and Eli Lilly hit a snag this week after safety monitors halted them over bad reactions from participants. J&J said Monday it paused the late-stage trial of its coronavirus vaccine candidate after a participant reported an “adverse event.” Less than 24 hours later, Eli Lilly said its
0 Comments