California governor signs $7.6 billion stimulus package

FILE - In this Feb. 21, 2021, file photo, California Gov. Gavin Newsom takes questions from the media during a visit to a mobile vaccination site at Ramona Gardens Recreation Center in Los Angeles. Newsom signed a $7.6 billion coronavirus relief package on Tuesday, Feb. 23, 2021, that will give at least $600 one-time payments to 5.7 million people while setting aside more than $2 billion in grants for struggling small businesses. (AP Photo/Damian Dovarganes, File)

FILE – In this Feb. 21, 2021, file photo, California Gov. Gavin Newsom takes questions from the media during a visit to a mobile vaccination site at Ramona Gardens Recreation Center in Los Angeles. Newsom signed a $7.6 billion coronavirus relief package on Tuesday, Feb. 23, 2021, that will give at least $600 one-time payments to 5.7 million people while setting aside more than $2 billion in grants for struggling

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A $2 Billion Ski Development Near Park City Creates an Avalanche of Controversy

One of New York City’s most prominent real-estate developers is betting years of his life—and a nine-figure sum—that he will be the first in four decades to successfully build a new, full-service ski resort in the United States.

The obstacles are legion. The local approvals process can be lengthy and uncertain. Costs are massive—even more so in this project, where portions of the land are polluted with mine tailings containing … Read More

UN: Global tourism lost $320 billion in 5 months from virus

The United Nations chief says the global tourism industry has been devastated by the coronavirus pandemic, with $320 billion lost in exports in the first five months of the year and more than 120 million jobs at risk

UNITED NATIONS — The tourism global industry has

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Jack Ma’s Ant Seeks $200 Billion Value in Landmark Dual IPO

(Bloomberg) —

Billionaire Jack Ma’s Ant Group is seeking a valuation north of $200 billion as it goes public in Hong Kong and Shanghai, people familiar with the matter said, kicking off a much-anticipated market debut for China’s leader in internet finance.

The parent of China’s largest mobile payment company will pursue a simultaneous dual-listing in Hong Kong and on the Shanghai stock exchange’s STAR board, the Hangzhou-based firm said,

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Alexis Ohanian has left Reddit’s board in a ‘long overdue’ move. Here’s how he launched Reddit into a $3 billion behemoth and became an outspoken activist in the tech world.

Reddit and Initialized Capital cofounder Alexis Ohanian.
Reddit and Initialized Capital cofounder Alexis Ohanian.

Pedro Fiúza/NurPhoto via Getty Images

  • Alexis Ohanian, who cofounded Reddit in 2005, has been called the “Mayor of the Internet.”

  • He and cofounder Steve Huffman built the company over 16 months, then sold it to Condé Nast in 2006 for somewhere between $10 and $20 million. Today, the company is worth $3 billion. 

  • Since then, Ohanian has become a venture capitalist, has helped

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