Getty Images5. Michael Rubins Fanatics now valued at $6.2 billionMichael Rubins e-commerce company Fanatics has increased its value to $6.2 billion, up from $4.5 billion, after raising a $350 million Series E financing round, a person knowledgeable about the companys transactions told CNBC.The business, which earned $ 2.5 billion in 2019, plans to use the brand-new funding to accelerate its E-commerce method, through additional rights acquisition and mergers and acquisitions. The financing round is the last financing as a personal company, and it is believed Fanatics next statement will be an IPO although no schedule has actually been decided.Michael RubinCameron Costa
Senate Minority Leader Chuck Schumer, a Democrat from New York, left, listens as U.S. House Speaker Nancy Pelosi, a Democrat from California, speaks to members of the media following a meeting at the U.S. Capitol in Washington, D.C., U.S., on Friday, Aug. 7, 2020. Two Tesla upgradesTesla got 2 upgrades from Wall Street in less than 24 hours after shares surged on its announcement of a stock split.Adam Jonas, a commonly followed analyst from Morgan Stanley, updated the electric car maker to equivalent weight from underweight Thursday night. Shares of Tesla have actually soared 11.5% week to date.Tesla Inc CEO Elon Musk speaks at an opening event for Tesla China-made Model Y program in Shanghai, China January 7, 2020. U.S. and China to examine phase one trade dealTop U.S. and Chinese trade authorities– U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He– are set up to hold a video call on Saturday to review its development on the phase-one trade deal the 2 sides reached in January.The call comes as Chinas promised purchases of U.S. exports are behind schedule, while tensions between the two nations have increased. US President Donald Trump and Chinas Vice Premier Liu He, the nations top trade arbitrator, hold a press conference before they sign a trade agreement with the United States and China throughout an event in the East Room of the White House in Washington, DC on January 15, 2020.