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Home Blog Page 10937

Skybridge Capital to Launch a Bitcoin ETF: Founder Scaramucci Files S-1 with SEC

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Mr. Scaramucci has also predicted that BTC will reach a $100k mark and former president Donald Trump loosing the election in 2020.

 

On Friday, Skybridge Capital filed an S-1 registration prospectus with the SEC. Founder Anthony Scaramucci’s firm is one among the few who are filing this registration to list a bitcoin exchange-traded fund (ETF). Other firms who are also waiting for approval include Vaneck and Valkyrie Digital Assets.

 

The S-1 registration, filed on March 19, 2021, says that the ETF will be named as “First Trust Skybridge Bitcoin ETF Trust. However its leverage ticker is blank. It wishes to list common shares on the New York       Stock Exchange Arca. It says that as it is a newly organized trust, with no past history, common shares of the trust could possibly trade at a discount from their Net Asset Value (NAV).

 

The registration filing also calls itself “an emerging growth company” and may comply with reduced reporting requirements. It explains the inconstancy of the bitcoin price, which adversely affect the value of common shares.

 

Scaramucci also enumerated the risks involved calling Bitcoin an innovation in technology and a recent currency as it has no history like paper currency, coins, gold and other standard reserves.

 

Anthony Scaramucci has been one of the earliest advocates of Bitcoin. He has been vociferous about his opinions and predictions about the cryptocurrency on Twitter.

 

He has said that Elon Musk believes in it and it is like renewable energy as it is mined. Just like renewable replace fossil fuels, bitcoins will replace traditional reserves like gold, equities and art.

 

Scaramucci has also predicted that BTC will reach a $100k mark and former president Donald Trump loosing the election in 2020. He says that he is not going beyond that figure. If he actually tells people what he thinks they’re going to think that he’s “nuts.”

 

There are a few sceptics who believe that cryptocurrency is a bubble waiting to burst. Time will tell.

 

Deliveroo to launch IPO at home: Amazon backed food delivery app to IPO in London

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Deliveroo the British food delivery app, which began its initial operations in London, is planning to debut in London and will offer shares between £3.90 and £4.60 and is aiming for a final market cap in the range £7.6 to £8.8 billion.

 

This will be one of the biggest listings in the U.K. and the first major one after Brexit. The company announced its plans in early March.

 

The government is looking to bring in reforms and a recent review that was backed by the government was looking to make improvements in London’s listings. One of the major reforms debated was the introduction of dual-class stocks.

 

Google and Facebook have been among the pioneers of dual-class stocks which give founders, executives and families increased voting rights and more control over their companies, even though they are public.

 

Companies in London are not able to list dual-class shares on the London stock exchange’s premium segment. This does not make them eligible to be included in benchmarks such as the Financial Times Stock Exchange Index – FTSE 100.

 

Deliveroo is also going for a dual-class share option to give its CEO and founder Will Shu increased voting rights. Investors will be permitted to get one vote per share while the founder will get 20.

 

Deliveroo announced a trading update on Monday said that its total transaction value has increased more than two-fold in the first two months of 2021, as a result of the lockdown. In the U.K. and Ireland volumes increased by 130% year-on-year and other markets increased by 112%.

 

Deliveroo delivers both food and groceries and will be expanding its network of dark kitchens around the world. In 2020, the company was performing badly until the Amazon backed company bounced back during the pandemic. Food delivery zoomed during the many lockdowns and the company is one of those who thrived amidst the overall gloom.

 

SINT Earnings. Should you Buy?

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Credit Twitter

 

SINTX Technologies, Inc. (NASDAQ: SINT) , an original equipment manufacturer (OEM) of silicon nitride ceramic for medical and non-medical applications, announced today the filing of its 10-K for the year ended December 31, 2020.

2020 represented SINTX’s second full year as an advanced materials company. As COVID-19 spread and negatively impacted multiple potential opportunities, the Company was able to quickly and successfully adjust its 2020 strategic plan and capitalize on the discovery that its silicon nitride rapidly inactivates the SARS-CoV-2 virus. SINTX aggressively invested in key personnel, new collaborations with university and government laboratories, and new capital equipment. SINTX was able to engage with new partners and begin supporting their development of new antipathogenic products across a wide range of applications. SINTX is now leveraging the foundational successes of 2020 and is excited about its future. 2021 represents SINTX’s 25th  year in business.

SINTX plans to host a conference call to provide an update on the business. The call is scheduled for Tuesday, March 30, 2021 at 1:30 p.m. ET. The call can be accessed through dial-in: Toll-free 877-524-8416; International 412-902-1028. For those who are not available to listen to the call, a digital replay will be archived on the News & Media section of the SINTX website under Presentations.

Questions will not be taken during the call. Investors and interested parties may submit questions prior to the call via email to  IR@SINTX.com. Questions will be accepted through 9:00 a.m. ET, on Thursday, March 22, 2021.

About Sintx
SINTX Technologies is an OEM ceramics company that develops and commercializes silicon nitride for medical and non-medical applications. The core strength of SINTX Technologies is the manufacturing, research, and development of silicon nitride ceramics for external partners. The Company presently manufactures silicon nitride powders and components in its FDA registered, ISO 9001:2015 certified, ISO 13485:2016 certified, and AS9100D certified manufacturing facility.

CWEB Analyst see the stock as a caution bearish indicator ahead due filing report of the new 10K.   It looks like they only have money for one year according to the 10-K.   It will be a turbulent ride.

Disney Star Bella Thorne Flaunts Engagement Ring in Picture with Longtime Boyfriend Benjamin Mascolo

Credit Instagram

 

The Disney star and the Italian singer are engaged. Bella Thorne and Ben Mascolo posted the news on their social media accounts on Sunday.

 

Mascolo titled his Instagram post with “She said yes!” while Thorne has a wide smile on her face. In her Instagram stories she flaunts the ring on her finger and says, “I love you so much.” She is speaking to Mascole, who is taping the video. When the frame ends, he adds, “A celebration Italy and America, both.”

 

The couple has been romantically linked from 2019, after Thorne broke up with Mod Sun. The couple has been dating from the past two years.

 

Mascolo and Thorne have been part of in a recent film. He said that he had decided to propose on the set.

 

View this post on Instagram

 

A post shared by Benjamin Mascolo (@b3nm)

 

In his Instagram story he also mentioned that he wrote the love letter on the back of their movie script. At the end or the last scene, the director and Thorne were watching the monitor. The singer surprised her with the proposal.

 

Benjamin Mascolo is a pop singer from Italy who tries divides his time between Italy and Los Angeles according to an interview in Icon. He is one of the two in the pop duo, Benji and Fede (Frederico Rossi). He is currently acting in his first film Time is Up with Thorne, whom he called “his partner in crime” in another Instagram post.

 

Bella Thorne, is one of the most popular young American actresses and singers. The Floridian began her famous career in the Disney Channel as Cece Jones in “Shake it Up” and went on to become a successful actress, model and director.

Billionaire CEO & Chairman Steps down from Apollo Global Management: Investigation Shows Financial Links between Jeffrey Epstein and Wall Street’s Leon Black

 

Chief executive and chairman of Apollo Global Management Inc. has resigned with immediate effect from the company. Earlier, after investigations of his links with Jeffrey Epstein were coming to light, the company had said that he would relinquish the post of CEO, but retain the post of chairman.

 

A statement released on Monday also announced that co-founder Marc Rowan has been appointed as the new CEO and Jay Clayton has taken over as non-executive chairman. Richard Emerson and Kerry Murphy Healy have also joined the board.

 

When financial links between Black and Epstein has emerged, an independent review was conducted by Apollo. The amount paid to Epstein by Black, between 2012 and 2017, amounted to $158 million. These payments were made to Epstein as a trustee and tax consultant and not for criminal activities in which he had been involved. Black was not accused in any of the criminal activities that were attributed to Epstein.

 

Jeffrey Epstein had been criminally convicted of soliciting prostitution from an underage girl to which he pleaded guilty, among various other crimes. He allegedly committed suicide after he was imprisoned. He had many famous business magnates and celebrities as his clients and friends.

 

Black is the second major business billionaire to resign after links between him and Epstein emerged, which allegedly continued even after Epstein’s conviction in 2008. Hedge fund billionaire Glenn Dubin had also left his hedge fund Engineers Gate although the reason for his stepping back was to invest in private markets, as told to Reuters.

 

Black founded Apollo in 1990.   He was credited with taking the company to great heights and making it resilient in the 2008 financial crisis, despite the downturn. However, the scrutiny on the entire Apollo group, due to his personal dealings with Epstein, made it difficult for him to stay at the helm of the company’s affairs.

Image Credit Wiki

 

European scientists find reason why AstraZeneca vaccine forms rare blood clots

 

 

European scientists have been studying the Astra Zeneca vaccine ever since a small number of those who were injected with the vaccine started developing blood clots. Researchers in Germany and Norway independently isolated what may be the cause of these blood clots and doctors are looking for ways to that may be found to treat them.

 

German researchers at Greifswald University Hospital released a statement on Friday saying that the AstraZeneca vaccine created a specific antibody in very few individuals who had been inoculated with it. The antibody activated the formation rare blood clots in the brain.

 

According to an independent study by a team of scientists in Norway, the vaccine activated a powerful immune response in the body. They found a certain antibody triggered this response.

 

Both these studies on the AstraZeneca vaccine corroborated the formation of a specific antibody. Doctors could possibly treat this with medical drugs. However, they may not be able to prevent the autoimmune response by the body to the antibody present in the vaccine.

 

The scientists mention that their studies are preliminary ones. However, these clots seem to appear more often in young women and the age group of most of the patients in whom the blood clots appeared was between 20 and 50 years.

 

Many countries had stopped using these vaccines despite reassurances from the World Health Organization and the European Medicines Agency that the advantages of the vaccine far outweigh its risks.

 

Now, many of these countries have lifted the temporary ban and are using the AstraZeneca vaccine.

 

Short video creators are getting rich as they up to $1 million a day for popular videos

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In November 2020, Snapchat introduced Spotlight as an alternative to the rival short video TikTok. From the end of that month, the social media platform has maintained a daily pool of $1 million which is paid out to creators who make the top performing videos of the day.

 

The payout is based on the number of views that a video gets when compared with other highly viewed snaps. To date Snap has paid its content creators more than $110 million overall in countries across the world, where Spotlight is live. Snap has mentioned that “several” users have become millionaires and the numbers are growing.

 

The move was made to attract and keep viewers. On its latest earnings call, Snap has said that Spotlight currently has more than 100 million active, monthly users. It gets over 175,000 submissions per day. In Q4 of 2020, it grew to have 265 million global daily active users. In Q3 it had 249 of them.

 

Snap has expanded its Spotlight short video services to India, Brazil and Mexico. It has included its $1 million per day incentive program in these countries as well.

 

Content creators say that Spotlight has brought many of them back to the app and is paying much those more than any other individual platform. Creators are aware that the $1 million could stop at any time and that Spotlight would also reach saturation point sometime in the future.

 

However, these creators told CNBC that they would continue to use the app as they have built up considerable following which amounts to several thousands. They also believe that the following could help them build up leverage for brand deals and give them an increase in rates or more deals as they cite the number of followers they have on Spotlight.

The Courier (9/10) Movie Review Starring Benedict Cumberbatch

Credit You Tube

 

The Courier (9/10)
by Tony Medley
105 minutes.
PG-13

I remember Oleg Penkovsky (a scintillating Merab Nididze) very well. He was a highly placed Soviet official in Moscow who fed secrets to the West before and during the Cuban Missile crisis. That’s about all I knew until this film.

The courier was Greville Wynne (Benedict Cumberbatch in an Oscar ®-deserving performance), a British businessman who was recruited to receive and deliver the secrets to British and American intelligence.

Directed by Dominic Cooke from a script by Tom O’Connor, this is a story that has begged to be told for more than a half century. I don’t know how accurate the details are, but the basic facts are true. Even though you know the outcome (well, I did), it’s tense and dramatic the whole way through, a terrific film.

They did leave out one fact about Wynne, however, that is curious. He was seriously dyslexic; some say almost to the point of illiteracy. Maybe that would have been difficult to work in, but it certainly adds to the man’s character.

One thing that struck me about this film was Penkovsky’s character; cool and determined. Nobody knows, really, what kind of person Penkovsky was. Nididze says that he looks nothing like Penkovsky and based his characterization on about two minutes of watching him on film. So who’s to say?

The movie ends without telling the viewer what happened to Wynne. I think that was a mistake; the viewers should be entitled to know the whole story which they could have told in a few sentences of graphics. If you are going to tell this story which, although familiar to me, is probably unknown by most of today’s viewers, you should tell the whole story.

The relationship between Penkovsky and Wynne is probably pretty accurate, but the relationship between Wynne and his wife, Sheila (Jessie Buckley, who was such a hit in 2019’s Wild Rose) was totally made up because little to nothing is known about her.

I never comment on other critics’ opinions because, for one thing I don’t read other critics, and for another thing that’s what we do, give opinions, so if some disagree, that’s what makes horse racing. But one guy for an Industry paper gave this a low rating and had a teaser about this film that read, “Despite ongoing conflicts with Russia today, the movie doesn’t feel terribly relevant to our time.“ So he would probably say that Hamlet, Julius Caesar, Chinatown, The Godfather, WWII movies, or any movie ever made that wasn’t woke should be shunned? It’s because of ignorant, shallow dorks like that that I became a critic and intend to remain one.

http://www.tonymedley.com/2021/The_Courier.htm

Tony Medley is an attorney, columnist, and MPAA-accredited film critic whose reviews and articles may be read in several newspapers and at rottentomatoes.com, CWEB.com, Movie Review Query Engine (mrqe.com), and at www.tonymedley.com. His most recent book is “Learn to Play Bridge Like a Boss,” the most complete “all in one” book for beginners and also for advanced players. He is also the author of three books, UCLA Basketball:The Real Story, Sweaty Palms: The Neglected Art of Being Interviewed, the first book ever written on the interview for the interviewee and still in print after more than thirty years, having sold over a half million copies, and The Complete Idiot’s Guide to Bridge, which has sold over 100,000 copies. He is an American Contract Bridge League Silver Life Master and an ACBL accredited director.

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Texas Roadhouse Founder and CEO Kent Taylor suffers severe post-COVID-19 symptoms: Commits suicide at 65

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Texas Roadhouse founder and CEO Kent Taylor has died, on Thursday. The 65-year old restaurant chain owner committed suicide. He had been suffering from severe post-COVID complications included tinnitus, which affected his wellbeing.

 

Taylor’s family released a statement which said that he had battled long and hard like the track champion he was but his suffering was intense and it had become unbearable in the recent past.

 

The family statement also mentioned that he had given funds for a clinical study that would help military personnel who suffered from tinnitus.

 

Last March, Taylor gave up his multi-million dollar salary up to January 2021 in order to help hourly restaurant workers who had been severely affected by the pandemic. His gesture was appreciated by millions and his timely help to frontline workers during the pandemic will be remembered. He will go down in the annals of history as a legendary American.

 

At that time he had written a letter and said, “What kind of company does these things? Well, that would be a people company that happens to serve steaks, that’s who.”

 

In 1993, Taylor came up with the idea of a steakhouse on a cocktail napkin. The first Texas Roadhouse was opened in Louisville Kentucky. It is remains the base of the restaurant chain which now has 630 restaurants in 49 states of America. It also operates in 10 countries around the globe.

 

Taylor held various roles in the restaurant chain. He remained the chief executive and chairman of the board until his untimely death. He changed the lives of his employees through the years and always considered himself to be people-first leader.

 

Condolences and heartfelt messages have poured in for Kent Taylor. Louisville Mayor Greg Fischer posted on Twitter that the city had lost “a much loved and one-of-a-kind citizen.”

Uber to give drivers minimum wage, holiday pay and pensions: Says there is a ‘willingness to change’

 

Uber, the global ride-hailing giant, has said that it would give its U.K. drivers a minimum wage as well as holiday pay and would contribute to their pension. This announcement comes after Uber lost its legal battle in the U.K. This move could bring a few much needed changes in the gig economy.

 

In February, Uber lost in its third and crucial stage of its five-year battle and conceded that it had to make changes in the U.K. The company’s CEO Dara Khosrowshahi said that it showed “willingness to change.”

 

Uber had categorized its drivers as self-employed and called itself a third-party booking agent. However, the Supreme Court ruled that its drivers were workers. This means that they are entitled to minimum legal wage, pension rights and holiday pay. Drivers in other countries around the world are also challenging the “self-employed” classification.

 

The ride-hailing app said that changes in pay would come in effect from Wednesday. This would be in addition to the free insurance that had come in effect for drivers in 2018. It also said that consumers would not face a raise in fares.

 

Some union leaders and the former drivers who sued the company say that not enough has been done and the drivers are not getting all the entitlements due as workers.

 

However, employment experts and unions have applauded the announcement as a first step forward towards worker’s rights and feel that it could reverberate through the gig economy.

 

Uber’s rival Bolt told the BBC that it did not intend to change its policies as drivers are already earning much more when compared with other ride-hailing apps as Bolt charges lower commission.

 

Union reps have been portraying the win as a “David versus Goliath” battle. They hope this victory would have a domino effect and other giant gig economy companies would follow suit and improve worker’s conditions.