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MILAN, July 18 (Reuters) – L Catterton, a private equity firm backed by French luxury giant LVMH (LVMH.PA), has agreed to buy a 60{4096c6f39d44714c45f5b36755bfd7eaecf49ae82832f8cdb01e260e21826c23} stake in Italian fashion company Etro, two sources familiar with the matter said on Sunday.

The deal values Etro at about 500 million euros ($590 million), the sources said, confirming reports in Italian newspapers La Repubblica and Il Sole 24 Ore.

Etro said in a statement that L Catterton was taking a majority stake in the company,while the Etro family would retain “a significant minority interest”. It did not go into specifics and gave no financial

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TAMPA, Fla. — Seraphim Capital plans to trade stakes it has amassed in space technology startups on the public market through an investment trust.

The Seraphim Space Investment Trust will eventually comprise bets in 19 international startups, including satellite data specialist Spire Global, quantum encryption firm Arqit and space-based cellular network operator AST Space Mobile.

Those three recently got valuations of more than $1 billion in mergers with special purpose acquisition companies (SPACs), investment vehicles that offer another route to public markets. 

AST Space Mobile (ASTS) went public in April after completing its SPAC merger. Spire expects to

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MicroStrategy Inc. is selling debt to fund additional bitcoin purchases despite warning that soured investments in the cryptocurrency will result in another massive impairment loss. 

The Tysons Corner, Virginia-based business intelligence provider said on Monday that it will sell $400 million in senior secured notes, making for the first corporate bond sale where the proceeds will be used to buy bitcoin. 

TickerSecurityLastChangeChange {41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}
MSTRMICROSTRATEGY512.99+53.61+11.67{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3}

Bitcoin was trading at around $36,100 per coin,

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General Electric Co. (NYSE: GE) shares were trading lower Tuesday after the company reported worse-than-expected first-quarter sales results. The lower sales caused General Electric to miss the analyst consensus estimate.

General Electric stock was down 3.47{41490b4d0cf0dbc5ec3f65e11fff509c7d6ed2a53a838ebf7adf43f0908f07f3} at $13.08 at last check.

General Electric Daily Chart Analysis

General Electric looks to be forming what technical traders call a pennant pattern.

The stock is trading below the 50-day moving average (green) and above the 200-day moving average (blue), indicating the stock is most likely facing a period of consolidation.

The 50-day moving average may hold as a place of resistance on the

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WASHINGTON (AP) – When police respond to a person gripped by a mental health or drug crisis, the encounter can have tragic results. Now a government insurance program will help communities set up an alternative: mobile teams with mental health practitioners trained in de-escalating such potentially volatile situations.

The effort to reinvent policing after the death of George Floyd in police custody is getting an assist through Medicaid, the federal-state health insurance program for low-income people and the largest payer for mental health treatment. President Joe Biden’s recent coronavirus relief bill calls for an estimated $1 billion over 10 years

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The top Republicans on two House committees are pressing President Biden’s coronavirus rescue plan czar Eugene Sperling to review the $2 billion fund New York created this week aimed at giving relief money to illegal immigrants in the state. 

Budget Committee Ranking Member Rep. Jason Smith, R-Mo., and Oversight Committee Ranking Member Rep. James Comer, R-Ky., sent a letter to Sperling, whose official title is American Rescue Plan coordinator on Friday. In it, they ask him to investigate the New York program, which will offer one-time payments of up to $15,600 to undocumented immigrants who lost their jobs during the

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