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“#Bill Ackman tells investors to follow him on Twitter” Billionaire Bill Ackman appears to be taking a page from Elon Musk with plans to start announcing market-moving news on Twitter. The billionaire investor’s blank check company, Pershing Square Tontine Holdings, issued a press release on Friday highlighting Ackman’s Twitter feed and saying it may be…
“#Some GameStop traders think stock will surge to $800 in one day” Some GameStop traders think the so-called meme stock will build on this week’s surprise surge — by skyrocketing to $800 in a single day. The most popular GameStop options contract on Thursday was a bet that the shares would climb to that price…
“#GameStop stock explodes for second day, Reddit cheers” GameStop’s stock price exploded again Thursday as Reddit’s army of retail traders launched a second salvo in its rebellion against Wall Street. Shares in the video-game retailer surged 101 percent to an intraday peak $184.64 after more than doubling in a wild Wednesday session, adding as much as $9.7 billion…
“#A new breed of firms vie for stake in NBA teams” Last month, the owners of the Golden State Warriors quietly approached the National Basketball Association for approval to sell a minority stake in the team — not to another business mogul, but to a publicly traded blank-check company that had partnered with a private-equity…
“#Fed blames ‘operational error’ that crashed Fedwire” The Federal Reserve said it is restoring services that were thrown offline Wednesday by an “operational error” that spurred outages in a dozen areas, including check clearing and Fedwire, which handles trillions of dollars in transactions daily for the world’s biggest banks. “A Federal Reserve operational error resulted…
“#Israel Englander’s hedge fund earned $3.8 billion last year” Millennium Management’s Israel Englander earned $3.8 billion last year, landing him the biggest payday of any hedge fund manager in 2020, according to Institutional Investor. Englander more than doubled his $1.5 billion payday in 2019 and made $2 billion more than the previous year’s rich-list leaders…
“#’Charging Bull’ sculptor Arturo Di Modica remembered in NYC” Mourners gathered at the Charging Bull sculpture in Lower Manhattan on Saturday to pay their respects to its creator following his death. Artist Arturo Di Modica died in his hometown of Vittoria, Sicily, on Friday, friends said. He was 80 years old. On Saturday, flowers were…
“#Harsh light on in-the-dark CEO’s failure” In March of 2017, Jeff Immelt was in his 16th year as CEO of General Electric and — at least in his head — he was remaking the iconic conglomerate into the very model of the modern industrial company. He was expanding the old — GE’s historic footprint in…
“#NYC ‘Charging Bull’ sculptor Arturo Di Modica dead at 80” Arturo Di Modica — the sculptor of the famed “Charging Bull” statue in Wall Street — died in his home in Italy Friday. He was 80. Di Modica had been fighting cancer for many years but continued to work, most recently working on a gigantic…
“#Warren Buffett reveals big stakes in Verizon, Chevron” Warren Buffett’s Berkshire Hathaway on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications and a $4.1 billion stake in oil company Chevron. The investments were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed stock holdings as of Dec….