People walk past the Macy’s Herald Square flagship store on November 29, 2024 in New York City. David Dee Delgado | Getty Images Activist investor Barington Capital revealed Monday it has a position in Macy’s and wants the company to cut spending, explore selling its luxury brands and take a hard look at its real estate portfolio. It marks the fourth […]
It’s easy to understand why Nvidia (NASDAQ: NVDA) has become the favorite tech stock of many investors. For the year, it’s up 192%. And over a five-year period, Nvidia is up a staggering 2,547%. So why is billionaire hedge fund manager Israel Englander of Millennium Management now trimming his position in Nvidia? Perhaps he’s found
Okta (OKTA 1.53%) shares were trading higher after the cybersecurity company reported solid fiscal third-quarter results and increased its guidance. However, the stock still finds itself lower on the year, down about 5% as of this writing. Revenue growth has been decelerating for the company, which has seen growth slow following a cybersecurity incident last
(Bloomberg) — It was little more than two and a half years ago that Franklin Templeton’s (BEN) boss Jenny Johnson took to LinkedIn to express her excitement about buying European private credit stalwart Alcentra. Today, a key part of the acquired business is struggling to justify the enthusiasm. Most Read from Bloomberg In its heyday,
Private credit’s struggling pioneer is a warning sign for market monthlywealthstream Read More »
Simu Liu speaks on stage during the People’s Choice Awards on Feb. 18, 2024, in Santa Monica, California. Rich Polk| NBCUniversal | Getty Images Marvel’s first Asian superhero star, Simu Liu, says he hit “rock bottom” before finding “enlightenment” as an actor — after his career as an accountant was a flop. “I spent maybe
Marvel actor on success, investing in Asian American startups monthlywealthstream Read More »
Warren Buffett’s holding company, Berkshire Hathaway, has about 45 equity positions, in addition to the 60 or so companies that it owns outright. But not all of its equity positions are single stocks. Berkshire Hathaway owns two exchange-traded funds (ETF), The SPDR S&P 500 ETF Trust (NYSEMKT: SPY) and the Vanguard S&P 500 ETF (NYSEMKT:
I think the stock market’s valuation has become frothy. And I’m in good company; Warren Buffett’s actions show that he shares this opinion. The legendary investor continues to be a net seller of stocks, and has amassed a record-high cash stockpile for Berkshire Hathaway. As I wrote recently, Buffett is being fearful while others are
2 No-Brainer Stocks to Buy Before the End of 2024 monthlywealthstream Read More »
Members of the public are seen shopping for Black Friday deals in Glasgow, Scotland. Jeff J Mitchell | Getty Images News | Getty Images LONDON — British businesses lost steam and pulled back on hiring last month, as industry reacted to the Labour government’s bumper tax-raising budget, new data showed Monday. Business confidence in the
UK business confidence falls to lowest level in almost two years monthlywealthstream Read More »
According to a sneak peek of the data from one of Eli Lilly‘s (NYSE: LLY) late-stage clinical trials, the cardiometabolic medicine juggernaut now looks even stronger in comparison to its similarly powerful arch-rival, Novo Nordisk, (NYSE: NVO) and it isn’t the first time. Here’s why the stock is worth investing in even more than before.
By Aditya Kalra NEW DELHI (Reuters) – India’s antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart’s Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at Indian high courts, were aiming to scuttle the probe. In a filing on Dec. 3, reviewed