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Former NBA All Star Chris Webber is launching a $100 million fund to help minority entrepreneurs get ahead in cannabis. He told why it’s crucial to build an inclusive industry from the start.

Usanewsposts

March 4, 20210

Summary List PlacementFormer five-time NBA All-Star Chris Webber has a new mission: Helping minority entrepreneurs access the economic boom created by the wave of cannabis legalization sweeping the US. "Let's be honest," Webber said in an interview with Insider. "This is a great industry. It's bustling. But I don't know of any other industry where this type of vested interest has been made to make change. It hasn't been in tech — tech is lucrative. It damn sure wasn't in cotton, it wasn't in transportation." To remedy that, Webber launched a $100 million impact fund in February to target cannabis startups run by Black and other minority founders. He's partnering in the fund with Jason Wild, the president and founder of the $2.2 billion JW Asset Management, and the two of them along with...

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Why some viewers won’t be able to watch Giants, A’s, Warriors, Sharks games

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March 4, 20210

How’s this for a sports fan’s nightmare: Imagine being told that in a month you’ll no longer be able to watch Giants, Warriors, A’s or Sharks games on your television or devices. For DISH Network and Sling TV viewers, no imagination is needed — their reality is the plug will be pulled on almost all of those games April 1. Because of a breakdown in negotiations between those services and NBC Sports Regional Networks, subscribers of DISH and Sling TV were notified Tuesday that NBC Sports Bay Area and NBC Sports California won’t be available to them. Coincidentally, the DISH and Sling TV black out begins on Opening Night for both the Giants and A’s. A spokesperson for Sling TV released a statement saying the company could no longer justify carrying the Regional Sports Networks on its platfo

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Cathie Wood’s flagship ETF has tumbled 25% in just 3 weeks amid a sharp tech sell-off

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March 4, 20210

Summary List Placement A correction in technology stocks has taken its toll on the performance of Cathie Wood's flagship fund. The ARK Disruptive Innovation ETF has tumbled 25% in just three weeks as a spike in interest rates helped spark a rotation out of high-growth sectors like tech and into cyclical stocks. The ETF continued its decline on Thursday, falling as much as 6% as top holdings Tesla and Square sold off. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Investors in Cathie Wood's Ark Invest ETFs have had a rough few weeks as a broad sell-off in technology stocks took a toll on performance. Wood's flagship fund, the ARK Disruptive Innovation ETF, has fallen 25% since its record close on February 12, based on Thursday's low of $118. A bulk of the dec...

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SF Giants: If Opening Day isn’t realistic, when will two offseason pick-ups contribute?

Usanewsposts

March 4, 20210

SCOTTSDALE, Ariz. — When the Giants made Jason Vosler their first free agent addition of the offseason in early November, there was a legitimate question as to whether the former Padres prospect would hang onto his 40-man roster spot all winter. Vosler, a left-handed hitting infielder, knew the Giants’ roster was filled with veterans who might block his path to a big league debut, but he didn’t necessarily care. “I didn’t really know what to expect my first time going through free agency, but the Giants were really aggressive at the start,” Vosler said. “I was hearing a lot from the front office and from (Gabe Kapler), and regardless of the deal or not, it just seemed like the place to be.” When the Giants signed John Brebbia a little more than a month later, they did so knowing there was

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SPACs are taking over the stock market. Here’s an easy guide to the journey they take from start to finish.

Usanewsposts

March 4, 20210

Summary List PlacementSPACs were once a little-known way for private companies to go public without having to IPO. But in 2020, the number of SPACs on the market quadrupled from the year before, according to SPAC Insider data. And so far this year, the number has almost reached that record high from last year. January was a record-setter, with close to $26 billion raised via SPACs. Those launching SPACs aren't just former CEOs or private equity investors anymore. Celebrities, like Colin Kaepernick and Shaquille O'Neal, have gotten in on the action. Plus, everyday investors are buying into the new trend. The concept of a SPAC and the process to create one aren't as complicated as they may seem. A SPAC stands for "special purpose acquisition company." It's a fancy term that simply refers ...

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How this 1979 LA murder-for-hire led to the true crime investigation ‘The Darkest Glare’

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March 4, 20210

In the late 1990s, after Chip Jacobs left his job as a reporter for the Los Angeles Daily News to begin work on his first book, he headed to Hollywood Boulevard to meet up with a source, the developer-turned-community activist named Jerry Schneiderman. “I wanted the next great investigative idea, but he wanted to start telling me about his past,” says Jacobs on a recent video call from his home office in Pasadena. The story Jacobs’ source shared that day would become the basis for “The Darkest Glare: A True Story of Murder, Blackmail and Real Estate Greed in 1979 Los Angeles,” published March 9 from L.A.’s Rare Bird Books (Jacobs will be in conversation about the book with Ron Franscell at a virtual event at Vroman’s on March 10). In the late 1970s, Schneiderman, who died in 2011, was the

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Alec Baldwin quits Twitter after his Gillian Anderson accent joke backfires

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March 4, 20210

Alec Baldwin announced Wednesday he has left Twitter, saying it’s full of  “a-holes” who don’t appreciate that he was using “irony” when he made a joke about Gillian Anderson’s fluctuating American and British accents after she won a Golden Globe award Sunday night. Gillian Anderson attends the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 05, 2020 in Beverly Hills, California. (Photo by Frazer Harrison/Getty Images) Baldwin apparently is mad that his joke reminded people that his influencer wife is mired in a controversy over using a fluctuating American and Spanish accent for more than 10 years to mislead people about being Spanish. The famously testy “30 Rock” star fumed in an Instagram video, saying Twitter is where “all the a–holes in the United States and bey