The ongoing proxy battle between Walt Disney and activist investor Nelson Peltz has gained a significant ally in the form of filmmaker and Hollywood legend George Lucas. Lucas, who became the largest individual investor in Disney after selling Lucasfilm to the company in 2012, has thrown his support behind Disney CEO Bob Iger. In a
President Joe Biden is set to visit Nevada and address the issue of corporate landlords allegedly keeping rents artificially high in the state. This move is seen as part of Biden’s strategy to shift the blame for high costs of living away from his administration and onto corporations with significant pricing power. Despite an overall
Bentley Motors, a renowned British luxury carmaker, has announced a delay in its plans to shift exclusively to all-electric vehicles by the end of the decade. Despite their initial commitment to carbon neutrality and the transition to battery electric vehicles (BEVs), the company has pushed back this goal by a couple of years. CEO Adrian
Hindenburg Research, a New York-based activist short-selling firm founded by Nate Anderson, has gained a reputation for its aggressive approach towards high-profile companies and billionaires in recent years. The company is known for its fearlessness in targeting companies it deems to be overvalued or fraudulent, which has resulted in significant share price declines for its
Former President Donald Trump is facing challenges in securing an appeal bond to prevent New York’s attorney general from seizing his real estate assets in relation to a $454 million civil fraud judgment. Trump’s lawyers have indicated that it has been “impossible” for him to obtain a bond that would fully secure the judgment while
The spring season is traditionally a time when both home buying and selling activities are in full swing. As we approach this time of year, it is important to note that the available housing supply is already rebounding. Recent data from Redfin, a real estate site, shows that the number of new listings has increased
The Federal Reserve is expected to keep interest rates unchanged in the near future, despite the potential for rate cuts on the horizon. This decision comes after a series of 11 rate hikes between 2022 and 2023, causing consumer borrowing rates to skyrocket. With inflation remaining high and interest rates elevated, many consumers are feeling
Losing a spouse is already a difficult experience, but it can become even more challenging when faced with the unexpected financial burden of higher taxes, particularly for older women. In today’s society, there exists a significant life expectancy gap between men and women, which often results in what is known as a “survivor’s penalty.” This
United Airlines CEO Scott Kirby took a proactive stance on Monday to address growing concerns among customers regarding the carrier’s safety record following a series of flight problems in recent weeks. These incidents included a tire falling from a Japan-bound Boeing 777 shortly after takeoff, causing damage to vehicles in a San Francisco airport parking
China recently released its economic data for the first two months of the year, surprising analysts with better-than-expected results. Retail sales, industrial production, and fixed asset investments all outperformed forecasts, showcasing strong growth momentum. However, despite the positive figures, National Bureau of Statistics Spokesperson Liu Aihua cautioned that domestic demand remains insufficient, particularly in the