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...
Check out the companies making headlines in midday trading. Charter Communications , Liberty Broadband — Cable operator Charter Communications agreed to acquire Liberty Broadband in an all-stock deal. Charter shares rose 5.6%, while Liberty Broadband slid 3%. Cava Group — Shares of the Mediterranean-inspired food chain popped 7% after...
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.
Zanifu, a Kenyan fintech providing inventory financing to micro, small and medium-sized businesses, has raised $11.2 million in debt-equity funding in a pre-Series A round led by Beyond Capital Ventures and Variant Investments. Founders Factory Africa, AAIC Investment, Google Black Founders Fund and existing investor Launch Africa also participated...
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. There was plenty going on as usual — with fintech investors sounding off, payments companies seeing big stock moves and much more. One other note, you can find Mary Ann on TechCrunch’s Equity podcast,...
Moyo Studio | E+ | Getty ImagesSocial Security benefits provide retirement income for millions of Americans.Because the timing of your claim may impact the size of the benefits you receive, it's a high-stakes decision. And the results may also affect your spouse or dependents.But sifting through Social Security's claiming...
Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.Adam Galica | CNBCPalo Alto Networks shares jumped as much as 9% in extended trading on Friday after the security software vendor reported earnings that exceeded analysts' estimates.The stock had dropped 16% in...
It’s not just a ball of confusion when it comes to long-term care insurance. It’s one massive ball pit and Americans are drowning in it. It’s time for the financial advisor community to literally play lifeguard. According to the annual Nationwide Retirement Institute long-term care survey conducted in partnership with Limra...
The Roth IRA is the ultimate financial gift for retirees and their beneficiaries. Roth individual retirement accounts have no lifetime required minimum distributions, so you’ll never have to worry about paying higher future tax rates on those funds. In retirement, you can withdraw whatever you wish tax-free. That will keep...
The ongoing bitcoin bear market has been difficult for cryptocurrency entrepreneurs like Tyrone Ross, but it hasn’t been enough to slow him down. Bitcoin is down more than 60% since it reached a high point in November 2021, and the broader cryptocurrency market has been plagued by bankruptcies, scandals, criminal...
