Baupost's Seth Klarman took a sizable stake in discount store Dollar General last quarter, while exiting Michael Kors-owner Capri before its megadeal to merge with Tapestry was blocked by regulators. The notable hedge fund investor built a $195 million stake in Dollar General, making it his eighth biggest holding...
A customer shops in the ready to eat meals aisle of a grocery store on October 17, 2024 in Miami, Florida. Joe Raedle | Getty ImagesWholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December,...
Check out the companies making headlines before the bell. Disney – Shares popped more than 9% after the company's fiscal fourth-quarter results beat analysts' estimates . For the period, Disney earned $1.14 per share, after adjustments, on revenue of $22.57 billion. That's above earnings of $1.10 per share on...
Vilnius, Lithuania, November 14th, 2024, FinanceWireTo mark the launch, WhiteBIT is rolling out a limited-time promotion until the end of 2024, offering additional bonuses for new affiliates.WhiteBIT, one of the largest cryptocurrency exchanges in Europe, has announced the launch of its Affiliate Program. Aimed at expanding the platform’s reach...
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal fourth-quarter earnings before the bell...
Cisco CEO Chuck Robbins speaks at The Wall Street Journal's Future of Everything Festival in New York on May 21, 2024.Dia Dipasupil | Getty ImagesCisco reported a fourth straight quarter of declining revenue even as results topped analysts' estimates. The stock slipped 1% in extended trading.Here's how the company...
Check out the companies making headlines in extended trading. CNH Industrial — Shares popped nearly 8% after Greenlight Capital's David Einhorn at CNBC's Delivering Alpha conference told attendees he took a medium-sized position in the agricultural equipment company. Cisco Systems — Shares inched lower by less than 1% even...
Baupost's Seth Klarman took a...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Morgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy. Treasuries are also likely to be supported as inflation can keep slowing even if growth does remain relatively healthy, strategists...
Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. The group has seen paper profits of nearly $13 billion this year by wagering on a drop in the prices of small-, micro- and nano-cap shares, according to...
Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley. Dojo can open up “new addressable markets,” just like AWS did for Amazon.com Inc., analysts including Adam Jonas and Daniela M Haigian...
Traders in the $325 billion industry for emerging-market exchange-traded funds are shifting cash toward strategies that focus on brighter spots in the developing world as China’s economy stumbles. Actively managed ETFs — especially those with exposure to India’s world-beating growth and Latin American stocks — have lured nearly half a...
Welcome back to the Interchange! While we would love for all startups to succeed, the reality is that the vast majority fail. It’s not something that people often talk about, because quite frankly, it can be a downer topic. But failure is a part of life, and many founders who don’t...
Taylor Swift pauses between songs during her first sold-out concert of three nights at AT&T Stadium in Arlington, Texas, in March.Fort Worth Star-telegram | Tribune News Service | Getty ImagesLOS ANGELES – Taylor Swift changed the music industry. Now she's coming for the movies.The cinema industry is in a...
An Ozempic (semaglutide) injection pen is seen on a kitchen table in Riga, Latvia on 06 August, 2023. Jaap Arriens | Nurphoto | Getty ImagesHeather Le Biller shed 9 pounds within the first week of taking Novo Nordisk's blockbuster diabetes drug Ozempic – and then even more as she continued...
