Judge rules that Hertz can sell $1 billion worth of new stock, dealing a blow to investors who gobbled up shares after its bankruptcy (HTZ)

* Hertz, the car-rental giant which filed for bankruptcy in May due to the coronavirus pandemic, can sell $1 billion in new stock to raise money, a judge ruled Friday, according to The Wall Street Journal. * Hungry traders have gobbled up the stock since its bankruptcy, and the company's lawyers cited that volatility as a "unique opportunity" to shore up its coffers. * After the Chapter 11 filing on May 22, shares of Hertz skyrocketed and the stock flew up Robinhood's list of most popular names. However, the newly issued stock will effectively devalue existing shares, sending the stock down in after-hours trading Friday. * The company received a delisting notice from the New York Stock Exchange this week, which it plans to appeal in a bid to keep its shares trading. * Hertz was also seeking to save money by cancelling leases on more than 144,00 vehicles, which could save it up to $80 million. * Visit Business Insider's homepage for more stories. Join the conversation about this story » NOW WATCH: Why electric planes haven't taken off yet
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Here's an exclusive look at the pitch deck London fintech Lanistar used to raise $19 million at a $190 million valuation

* London-based fintech startup Lanistar has raised a £15 million ($19 million) funding round from Milaya Capital. * Founded in 2019, Lanistar is building a personal financial management platform that will launch later in 2020. * "We're expecting a huge amount of growth upon our launch and have already seen strong interest among our sign ups," Gurhan Kiziloz, founder and CEO of Lanistar, told Business Insider. * Visit Business Insider's homepage for more stories. The coronavirus lockdown in the UK has brought the importance of managing money into sharp relief. A recent study from Money.com shows that 71% of UK households have saved cash during lockdown, and, with uncertainty about jobs and the economy looming, money management is now front of mind for many. Lanistar, a banking platform with a focus on personal finance, is one company offering tools for consumers to better manage their money. It has just raised a £15 million ($19 million) funding round from Mil...

SpaceX has a 'go' from NASA to return 2 astronauts to Earth on Sunday as Hurricane Isaias threatens several Florida splashdown locations

* NASA on Saturday gave SpaceX a "go" to undock the company's first crewed space mission, called Demo-2, and land it on Sunday evening. * Hurricane Isaias complicated original plans to return two astronauts to Earth aboard SpaceX's Crew Dragon spaceship in the Atlantic Ocean. * Elon Musk's aerospace company may now try to splash down NASA astronauts Bob Behnken and Doug Hurley in the Gulf of Mexico. * Two out of seven total landing sites near Florida must have good weather conditions, and NASA has until about 5 p.m. ET on Saturday to call off the undocking. * Should the weather worsen, NASA and SpaceX can try again a day later or some other date over the next two months. * Visit Business Insider's homepage for more stories. Astronauts Bob Behnken and Doug Hurley have a "go" to return to Earth this weekend and wrap up an historic space mission for both NASA and SpaceX. Behnken and Hurley launched to orbit aboard SpaceX's Crew Dragon vehic...

Jeff Bezos' ex-wife MacKenzie has donated $1.7 billion of her wealth since their divorce, and taken a new last name

* Last year Jeff Bezos and his wife MacKenzie divorced, leaving her with a fortune of about $36 billion and thirteenth-richest person in the world. * In a blog post on Tuesday MacKenzie announced she has donated $1.7 billion to 116 organizations over the past year. * She has also changed her name to MacKenzie Scott. * Visit Business Insider's homepage for more stories. MacKenzie Scott, ex-wife of Amazon's billionaire chief executive Jeff Bezos, has donated $1.7 billion of her wealth in the past year to causes including racial equality, LGBTQ rights, public health and climate change, she said in a blog post on Tuesday. Scott, who was previously known as MacKenzie Bezos, also announced her new last name, which she said was taken from her middle name. Last year, Scott signed the Giving Pledge in a commitment to donate the majority of her fortune after her split from Bezos — the world's richest man — left her with a 4% stake in Amazon. "Like many, I watched the f...

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