A group that includes activist investor Jana Partners and NFL player Travis Kelce says it has accumulated one of the largest ownership stakes in Six Flags Entertainment and intends to press the company’s leadership on ways to improve the struggling amusement park operator’s business. Jana said Tuesday that the investor…
The American cattle ranching industry is blasting President Donald Trump’s proposal to purchase beef from Argentina in an effort to lower supermarket beef prices. “This plan only creates chaos at a critical time of the year for American cattle producers, while doing nothing to lower grocery store prices,” Colin Woodall,…
The Wall Street Journal recently warned traders against treating stock market like a “slot machine”, they used quantum computing stocks as examples.Leveraged funds tied to quantum computing firms like Rigetti and D-Wave have surged more than 700% this year with their names flashing across retail trading forums and financial dashboards.Quantum…
Social media giant Reddit has filed a lawsuit against artificial intelligence company Perplexity, accusing it of illegally harvesting user posts to train its AI models in one of the latest clashes between content owners and AI developers over data rights.The complaint, filed Wednesday in a New York federal court, alleges…
European stocks opened higher on Thursday, with the market’s attention firmly fixed on a heavy slate of corporate earnings reports that are providing a fresh and crucial set of clues on business activity and confidence across the region. The positive start comes despite a backdrop of rising geopolitical tensions and…
Chilean miner Antofagasta plc (ANTO.L) reported a modest 1% increase in copper production for the September quarter, as global copper markets remain tight but largely stable.The company produced 161,800 metric tons of copper during the three months to September, taking year-to-date output to 476,600 tons — a 2.8% rise from…
Britain’s finance minister Rachel Reeves is reportedly exploring changes to how Limited Liability Partnerships (LLPs) are taxed, in a move that could have sweeping consequences for professionals in law, accounting, and healthcare. The proposal, reported by The Times, comes as the Treasury faces a shortfall of up to £30 billion…
Uruguay will terminate its 2023 contract with Spanish shipyard Cardama for the construction of two vessels after authorities uncovered alleged irregularities in the guarantees supporting the deal, the government said on Wednesday.President Yamandú Orsi, speaking at a press conference, said there were indications of a scam or fraud against the…
When corporate insiders – executives, directors, or major shareholders – sell large chunks of their holdings, investors often read it as a red flag.After all, who knows a firm better than the people running it? Insider selling can signal concerns about future performance, overvaluation, or simply a desire to cash…
Shares in Gucci-owner Kering surged on Thursday after the French luxury group reported better-than-expected sales at its flagship brand, lifting optimism that a long-awaited turnaround may be taking hold.The Paris-listed stock jumped as much as 9.2% to 346.75 euros in early trading before paring gains slightly to trade up 8.3%…