Posts with tag: politics
Rio Tinto, the world's second-largest mining company, supports corporate efforts to curb emissions, believing that pursuing green targets can add value.
Published on: February 20, 2025, 02:04 AM UTC
Billionaire investor Bill Ackman plans to create the next Berkshire Hathaway by acquiring Howard Hughes. Pershing Square, Ackman's firm, raised its takeover offer to $90 per share. The move comes after Ackman hinted at a major announcement, causing Howard Hughes shares to surge. Ackman aims to emulate Warren Buffett's strategy of acquiring controlling interests in operating companies. However, analysts are skeptical as the offer falls short of Howard Hughes' net asset value.
Published on: February 20, 2025, 02:00 AM UTC
Innovative Industrial Properties, Inc. (IIPR) reported funds from operations of $63.4 million in its fourth quarter, or $2.22 per share. For the year, the company reported funds from operations of $256.1 million.
Published on: February 19, 2025, 11:09 PM UTC
Stocks fluctuate as traders await Federal Reserve minutes amid latest US tariff threats. Key events this week include China loan prime rates, Eurozone consumer confidence, and US initial jobless claims.
Published on: February 19, 2025, 07:00 PM UTC
UK inflation rose to a 10-month high of 3% in January, above the Bank of England's target of 2%. The increase was driven by higher airfares, food costs, and private school fees. Economists had anticipated an increase to 2.8%.
Published on: February 19, 2025, 08:00 AM UTC
Quad/Graphics Inc. reports Q4 earnings of $4.7 million, or 9 cents per share, on revenue of $708.4 million. For the year, the company reported a loss of $50.9 million, or $1.07 per share, on revenue of $2.67 billion.
Published on: February 18, 2025, 11:06 PM UTC
Uber has moved to a zero-commission model for its autorickshaw drivers in India and will instead charge them a subscription fee, mirroring a strategy followed by local rivals as competition intensifies.
Published on: February 18, 2025, 03:00 PM UTC
Investor confidence in Germany's economy has surged, reaching its highest level in two years. The upcoming elections and potential interest rate cuts are contributing to this optimistic outlook.
Published on: February 18, 2025, 01:01 PM UTC
Airline industry experts discuss the challenges facing low-cost carriers amid rising costs and changing passenger preferences. Industry giants like Southwest are adopting new strategies, while JetBlue's recent outlook has disappointed investors.
Published on: February 18, 2025, 10:01 AM UTC
European bonds dip and defense stocks rally as geopolitical tensions heighten, boosting defense spending and potentially increasing government borrowing.
Published on: February 17, 2025, 04:00 PM UTC