Bob Iger and Nelson Peltz. CNBC Activist investor Nelson Peltz has sold his entire stake in Disney, a person familiar with the matter tells CNBC. Peltz sold all of his stock at close to $120 dollars a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 … Read more
Jim Chanos Scott Mlyn | CNBC Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, “false, baseless and defamatory.” Chanos gave the statement to CNBC’s Scott Wapner in response to allegations made by a former investor in Chanos & Co. Conlon Holdings, a Chicago-based firm run by Sean Conlon, … Read more
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co. on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Customers with funds locked up in crypto exchange Gemini’s defunct crypto lending … Read more
Solar panels and wind turbines in the Netherlands. Daniel Bosma | Moment | Getty Images Clean energy stocks may be underperforming in the public market. But there is still a great appetite for companies focused on decarbonization in private markets, with Clean Energy Ventures’ new fund as the latest example. The climate tech firm said … Read more
Semler Scientific, a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy’s playbook. The company, which develops products used in the detection of peripheral arterial disease, also announced a purchase of 581 bitcoins for about $40 … Read more
A trader works as a screen displays the trading information for GameStop on the floor at the New York Stock Exchange on May 15, 2024. Brendan McDermid | Reuters GameStop shares rose 25% in premarket trading on Tuesday after the company on Friday announced that it had made around $933 million from a stock sale. … Read more
Mixetto | E+ | Getty Images If you’re self-employed, hiring your kids could provide tax benefits — provided you follow labor laws and IRS rules, experts say. Small businesses hiring their own children is a popular topic among social media influencers on platforms such as TikTok, Instagram and YouTube. But tax professionals say they are … Read more
A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments’ GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. CEO Dave Mazza said his firm is capitalizing on … Read more
CFOTO | Future Publishing | Getty Images Nvidia last week announced a 10-for-1 stock split which will bring its share price from over $1,000 to a more affordable level for retail investors and company insiders alike. Nvidia joins a number of companies that have recently announced sizable stock splits, including Walmart earlier this year and … Read more
Michael Arougheti, Ares Management Corporation Co-Founder, CEO & President Adam Jeffery | CNBC The explosion of private credit has been met with a whole host of concerns, but among the louder ones more recently is that the industry has not experienced a downturn at scale. And therefore, what does that mean for borrowers when there’s … Read more
