Canela.TV, a free Spanish-language streaming service with 23 million users, launches original shows

Source: CANELA.TV An upstart Spanish-language streamer is taking a big step into original content. Canela Media will debut a daily entertainment news show, “¡Ponle Canela!,” on its streaming platform, Canela.TV, on Oct. 10. “Secretos De Villanas,” a reality series that puts some well-known telenovela actresses under one roof to reveal secrets about their lives and…

‘The economy is braking hard’ and CEO confidence is miserable, says billionaire investor Barry Sternlicht

The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has already raised interest rates four times this year and is widely expected to hike them by 75 basis points next week in…

Voss Capital backs a strategic review at Griffon, and a new opportunity to create value may emerge

Artistgndphotography | E+ | Getty Images Company: Griffon (GFF) Business: Griffon operates through two segments. Consumer and Professional Products (“CPP”) conducts its operations through AMES. Founded in 1774, AMES is the leading North American manufacturer and a global provider of branded consumer and professional tools and products for home storage and organization, landscaping and enhancing…

California lawmakers call on Congress to pass bill to shore up Social Security

Sporrer/Rupp | Image Source | Getty Images As talk of Social Security reform heats up heading into the November election, one congressional proposal to expand the federal program has received a new endorsement from California lawmakers. In August, a joint resolution passed both the state’s senate and its assembly. Now, it goes to Capitol Hill…

London’s Heathrow alters 15% of Monday flights for Queen Elizabeth II’s funeral

British Airways Airbus A319 aircraft takes off from Heathrow Airport in London, Britain, May 17, 2021.  John Sibley | Reuters London’s Heathrow Airport will change about 15% of its Monday flights to avoid noise during Queen Elizabeth II’s funeral. “As a mark of respect, operations to and from the airport will be subject to appropriate…

Tech ‘capitulation’: BofA top banker Rick Sherlund predicts breakout in mergers due to troubled economy

Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the economic downturn. “You do need to see greater capitulation,” the firm’s vice chair of technology investment banking told CNBC’s “Fast…

Billionaire Jim Koch says his Harvard MBA didn’t prepare him to launch Sam Adams: Experience can ‘be a lot more important than intelligence’

When Jim Koch launched the Sam Adams brewery from his family’s kitchen in 1984, he had multiple Harvard University degrees and several years experience at a high-paying consulting gig. But that strong business background didn’t prepare him for everything he’d need to know to launch a business, he says — including how to pay his…

As Social Security disability application wait times hit record high, experts say it’s a sign the agency needs more funding

A Social Security Administration office in San Francisco. Getty Images The Social Security Administration’s average wait time for an initial disability decision hit an all-time high in August of more than six months, or 198 days — almost three times higher than it was a decade ago. That is just one of many signs that…

Lunar tech company Intuitive Machines to go public via SPAC at close to $1 billion valuation

In this article IPAX The Nova-C lunar lander seen on April 26, 2022 during assembly for the IM-1 mission. Intuitive Machines PARIS — Lunar-focused space company Intuitive Machines announced Friday it will go public via a SPAC in a deal that values the venture at about $1 billion. The merger with special purpose acquisition company…

Stocks making the biggest moves premarket: FedEx, International Paper, Uber and more

In this article NCR GE AZN-GB UBER IP FDX Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the world. The news has exacerbated fears of a slowing global economy, weighing on shares of…

Michael Jordan’s ‘Last Dance’ jersey sells for record-breaking $10.1 million

Michael Jordan’s game-worn 1998 NBA Finals ‘The Last Dance’ jersey from game 1 is on display during a press preview at Sotheby’s on September 06, 2022 in New York City. Alexi Rosenfeld | Getty Images A jersey worn by basketball legend Michael Jordan in the first game of the 1998 NBA Finals has sold for…