Reported 4 months ago
Bill Ackman's net worth has surged to $8 billion as investors back his plan to significantly grow Pershing Square Capital Management, making him one of the world's wealthiest individuals. A $1.05 billion investment for a 10% stake in Pershing Square has valued the firm at $10.5 billion, with expectations to increase assets to around $45 billion. This move places Ackman among the top 500 richest individuals globally, surpassing well-known financiers like Jon Gray and George Soros, and positions Pershing Square as one of the most highly valued hedge funds, rivaling firms like Renaissance Technologies and Elliott Management.
Source: YAHOO
Reported 4 months ago
Farmworkers, particularly in dairy farms, face high exposure risks to the bird flu virus, but testing is not reaching them due to lack of resources and barriers like health insurance and paid sick leave. Advocates emphasize the importance of tracking infections among farmworkers to monitor the virus's spread and potential mutations. Efforts to incentivize testing, such as offering $75 per test, are met with skepticism as workers fear economic repercussions if they test positive. Health officials stress the need for education, language-appropriate communication, and protective equipment in agricultural settings to prevent the virus from spreading, especially in states like South Carolina where risks are relatively low but monitoring efforts are in place.
Source: YAHOO
Reported 4 months ago
Source: SNY
Reported 4 months ago
Defunct cargo hauler Yellow Corp. is considering putting its remaining cargo terminals and vacant properties into a real estate investment trust to raise money for creditors, as revealed during a bankruptcy court hearing in Wilmington, Delaware. The company, which shut down and filed for bankruptcy last year, aims to explore the option of creating a new company from its assets to potentially generate more funds for creditors and possibly provide some returns to shareholders, which is uncommon in corporate bankruptcies. The proposal involves forming a real estate investment trust to hold some of Yellow's properties, including 47 owned locations and 78 long-term leased locations.
Source: YAHOO
Reported 4 months ago
A lawsuit alleges that Poppi prebiotic soda, known for its gut health claims, does not actually contain enough prebiotic fiber to provide significant health benefits from consuming just one can. The class action lawsuit states that consuming more than four Poppi sodas in a day would be necessary to experience the product's touted benefits, but the high sugar content in the drinks would likely negate any potential gut health advantages. The company, VNGR Beverage, has refuted the claims, while the lawsuit highlights potential adverse health effects from consuming excessive agave inulin, a key ingredient in the soda.
Source: YAHOO
Reported 4 months ago
MicroStrategy's Michael Saylor settles a tax fraud lawsuit in D.C. with a $40 million payment, Binance's CZ starts a four-month sentence in California for money laundering, and FTX's Sam Bankman-Fried returns to NYC's Metropolitan Detention Center for his appeal process. For more details and market updates, watch the full episode of Market Domination Overtime for expert insights.
Source: YAHOO
Reported 4 months ago
Sarah Snook, known for her role in 'Succession,' will lead the Peacock thriller series 'All Her Fault,' based on Andrea Mara's novel. The show follows Marissa Irvine as she faces a parent's worst nightmare when her son goes missing after a playdate. Megan Gallagher is adapting the book for the screen, with Snook also serving as an executive producer. Minkie Spiro will direct, and Universal International Studio is producing the series.
Source: YAHOO
Reported 4 months ago
Novak Djokovic sustained a knee injury during his fourth-round match at the French Open due to slippery clay and considered retiring. Despite receiving treatment from the trainer multiple times, Djokovic fought through the pain, managed to ease it with medication, and ultimately triumphed in a grueling five-set battle against Francisco Cerundulo. The match showcased Djokovic's resilience and determination, as he overcame both physical discomfort and court conditions to advance to the quarter-finals.
Source: YAHOO
Reported 4 months ago
GameStop's stock surged as Roaring Kitty hinted at holding a massive stake in the company. The meme stock craze continued as Keith Gill, also known as Roaring Kitty, revealed he owns 5 million shares of GameStop, valued at nearly $6 million. This revelation caused GameStop's shares to increase by 21 percent, adding billions in market capitalization to the company.
Source: YAHOO
Reported 4 months ago
Monica McNutt stunned Stephen A. Smith on ESPN's 'First Take' by criticizing his coverage of the WNBA, particularly in relation to a recent controversial foul in a game involving Caitlin Clark. McNutt pointed out that the league has a history of physical play and that the scrutiny over the foul was unwarranted, emphasizing that rookie players like Clark should be treated fairly and not babied. The debate led to a heated exchange between panelists before a commercial break was needed to calm the discussion.
Source: YAHOO
Reported 4 months ago
As the Boston Celtics and Dallas Mavericks prepare for an electrifying NBA Finals, there are several compelling storylines to follow. These include the rivalry between Kyrie Irving and Boston, Kristaps Porzingis facing Dallas, the first-ever championship matchup between Boston and Dallas in any major sport, Al Horford's potential last shot at a title, and the battle of superstar duos between Jayson Tatum and Jaylen Brown versus Luka Doncic and Kyrie Irving.
Source: YAHOO
Reported 4 months ago
E-Trade, owned by Morgan Stanley, is contemplating removing GameStop trader Keith Gill, also known as 'Roaring Kitty,' from its platform over concerns of potential market manipulation. A report from The Wall Street Journal states that internal discussions are ongoing at E-Trade and Morgan Stanley regarding Gill's actions, including a recent post showing a $175 million stake in GameStop that caused a 21% surge in the stock. The company is deliberating the implications of removing Gill amidst fears of backlash from his followers and potential regulatory scrutiny.
Source: YAHOO
Reported 4 months ago
Padres infielder Tucupita Marcano is facing a lifetime ban for betting on baseball, as reported by the Wall Street Journal. This comes amidst more players under investigation for similar actions as the legalization of sports wagering has made it easier to engage in such activities. The 24-year-old made his MLB debut in 2021 and is currently recovering from a torn ACL, becoming part of a growing concern regarding the integrity of professional sports amidst the rise of online gambling.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Following Claudia Sheinbaum's historic win as Mexico's first female president, exchange-traded funds tracking Mexican equities saw significant declines as investors fretted over potential constitutional changes due to her party's strong majority in Congress. The iShares MSCI Mexico ETF and Franklin FTSE Mexico ETF both experienced their largest drops in over four years, while the Mexican peso also weakened by over 4% against the U.S. dollar. Experts warn that the ruling party's supermajority could lead to far-reaching legal and constitutional reforms, impacting the country's political landscape.
Source: YAHOO
Reported 4 months ago
Cofco International Ltd., the trading arm of China’s largest food company, is exploring options, including selling its Chicago grain terminal, the last of its kind in the city. The facility, located in the southern part of Chicago, is not as efficient as before, and a potential sale would follow Cofco's relocation from downtown Chicago to the suburbs due to high costs and crime. This move comes after the company sold its Milwaukee facility last year, with the Chicago terminal remaining a delivery point for commodities traded on the CBOT.
Source: YAHOO
Reported 4 months ago
The Washington Post is undergoing turmoil after the sudden exit of executive editor Sally Buzbee and a hastily announced restructuring plan aimed at halting a decline in readership. The plan involves dividing the newsroom into three separate divisions with a focus on core news reporting, opinion pieces, and attracting new consumers through innovative uses of social media, video, artificial intelligence, and sales. The changes, led by publisher Will Lewis, have sparked surprise and concern among staff members and media observers, as the Post grapples with financial losses and shifting reader habits amidst a changing media landscape.
Source: YAHOO
Reported 4 months ago
At a computing conference in Taipei, the CEOs of Nvidia Corp. and Advanced Micro Devices Inc. introduced new generations of chips for AI development, intensifying their rivalry in the AI sector. Nvidia emphasized its dominance in accelerators for generative AI services, while AMD focused on designing neural processors for laptops. The back-to-back presentations highlighted the importance of AI technology in shaping industries and creating innovative devices, with both CEOs, who are both Taiwanese and distant relatives, vying for leadership in the AI market.
Source: YAHOO
Reported 4 months ago
Chicago Sky's Chennedy Carter and Angel Reese have addressed the controversial foul on Indiana Fever's Caitlin Clark, with Carter expressing 'no regrets' and Reese willing to 'take the bad guy role.' The Sky's head coach emphasized the team's commitment to growth and setting a positive example, while Reese was fined for skipping media interviews and both players faced scrutiny for their actions during the game. The Sky's next game is against the New York Liberty on Tuesday night.
Source: YAHOO
Reported 4 months ago
A Michigan man's viral Zoom court hearing story, where it seemed he drove with a suspended license, swept the internet but was later revealed to be based on a falsehood. The man's license had been reinstated years prior, and the suspension was due to a clerical error. Despite the story attracting national media attention, it highlights how social media virality does not always equate to newsworthiness, with outlets often prioritizing clicks over accuracy, impacting individuals like the man in the story.
Source: YAHOO
Reported 4 months ago
US stocks experienced mixed results on Monday as the Nasdaq Composite rose by approximately 0.6%, the S&P 500 increased by about 0.1%, and the Dow Jones Industrial Average fell by over 100 points or around 0.3%. A weaker-than-expected reading on the manufacturing sector impacted the major averages, with investors debating future Fed rate cuts. Bond yields also declined, with the 10-year Treasury yield falling by about 11 basis points. Meanwhile, GameStop shares surged over 100% after a Reddit post speculated a resurgence in meme stock rally, while AMC's shares also rose significantly. GME shares were halted briefly due to volatility but eventually settled around a 20% gain, with AMC closing up about 10%.
Source: YAHOO
Reported 4 months ago
The College Football Enquirer podcast discusses the possibility of the NCAA allowing corporate logos on jerseys and football fields, potentially bringing in substantial revenue for schools. The NCAA's Playing Rules Oversight Committee is set to discuss and potentially approve schools to display corporate logos on football fields, with proposals including multiple sponsor areas on the field. The move is seen as a strategy for schools to generate significant revenue and catch up with financial demands in college athletics.
Source: YAHOO
Reported 4 months ago
據華爾街日報報導，E*Trade考慮通知迷因股票推手Keith Gill，由於最近在購買GameStop股票引發潛在的股票操縱疑慮，他可能不能再使用其平台。Gill在五月份重新點燃了迷因股票狂熱之前在E*Trade上購買了大量GameStop期權，這使GameStop股價在星期一跳升約30%。
Source: YAHOO
Reported 4 months ago
Best Buy（BBY）從Citigroup獲得了從賣出上看買入的雙重評級提升，將其目標價格從67美元提高至100美元。該分析師指出這次評級的背後動機是該零售商的毛利率執行，認為這是一個催化劑，即使同店銷售存在風險。Josh Lipton和Julie Hyman討論了Best Buy前景中潛在的多年機會。欲瞭解更專家見解和最新市場動態，請點擊這裡觀看Market Domination的完整集。
Source: YAHOO
Reported 4 months ago
BuzzFeed shares tips from Reddit users and the BuzzFeed Community on unique ways to re-purpose leftover ingredients that are often thrown away. Ideas include using pickle juice for chicken marinade, making bread pudding from bread heels, utilizing pea pods for soup, turning vegetable scraps into pasta sauce, and more. From making pineapple peel tea to using cheese rinds in soups, these creative strategies aim to minimize food waste and maximize flavor.
Source: YAHOO