Seven & i Holdings has recently made the decision to reject a takeover offer from Canadian convenience store operator, Alimentation Couche-Tard. The company stated that the offer was not in the best interest of its shareholders and stakeholders. This refusal was based on a careful evaluation by the special committee formed by Seven & i
Boeing’s Starliner spacecraft finally undocked from the International Space Station after a lengthy delay that saw the two astronauts it originally carried remain in orbit for an extended period. Instead of returning to Earth as planned, NASA test pilots Butch Wilmore and Suni Williams will now remain aboard the ISS until February, when they will
The current economic situation in the United States has prompted Nobel Prize-winning economist Joseph Stiglitz to call for a half-point interest rate cut by the Federal Reserve. Stiglitz believes that the Fed has been too aggressive in tightening monetary policy, exacerbating inflation issues. With the impending release of the U.S. jobs data, investors are anxiously
Vice President Kamala Harris has recently proposed a new tax policy that would increase the capital gains tax rate for top earners in the United States. Under her plan, households making more than $1 million annually would face a 28% tax on long-term capital gains, which is an increase from the current rate of 20%.
The recent news that British luxury fashion house Burberry Group dropped out of the U.K.’s FTSE 100 stock market index has sent shockwaves through the industry. This marks a significant decline for the 168-year-old retailer, which has been facing mounting pressures in recent years. This article will delve into the reasons behind Burberry’s struggles, from
Broadcom recently released its fiscal third-quarter results, surpassing Wall Street’s expectations for both revenue and earnings. This news sparked excitement among investors and analysts, showcasing Broadcom’s potential for growth and success in the chipmaking industry. Earnings per share came in at $1.24, adjusted, compared to the expected $1.20 per share. Additionally, the revenue for the
In 2024, exchange-traded fund inflows have already reached monthly record highs, indicating a growing interest in this investment vehicle. According to Nate Geraci, president of The ETF Store, the $6 trillion parked in money market funds could significantly impact inflows for the remainder of the year. This influx of money market funds presents a potential
Forward Air, a transportation services provider, has been the target of activist involvement led by Ancora, seeking strategic changes within the company. This article provides an in-depth analysis of the company’s current situation, the activist efforts led by Ancora, and the potential implications for the company’s future. Forward Air operates as an asset-light provider of
As the National Football League (NFL) season approaches, automakers are seizing the opportunity to re-engage with advertising during the games. Toyota Motor Corporation, Hyundai Motor Company, and Detroit automakers are making a comeback as main advertising platforms during the NFL season. Toyota, in particular, is stepping into the season as the “Official Automotive Partner of
Starboard Value, an activist investor, has taken a bold move to dissolve News Corp’s dual-class share structure, which poses a significant challenge to the Murdoch family’s control over the media giant. This strategic maneuver aims to disrupt the status quo and empower shareholders to have a more significant voice in the company’s decision-making process. Despite