Bill Ackman’s Pershing Square is forming a new entity to merge with Howard Hughes Holdings, offering current holders of the real estate company $85 a share. “While we are pleased with the substantial business progress Howard Hughes Holdings has made over the more than 14 years since it went public, we, like other long-term shareholders and…
Nvidia (NASDAQ: NVDA) has been one of the hottest stocks on Wall Street over the past two years and performed well enough that it’s vying for the title of the world’s largest company against Apple. It currently has a $3.4 trillion market cap, well over halfway to the $5 trillion market-cap figure that’s estimated by Wall Street. Nvidia…
Dell Technologies (DELL) stock tumbled in early Wednesday, after the tech hardware company reported mixed fiscal third quarter results. Earnings beat estimates but Dell’s revenue and its sales outlook came up short, despite strong growth from AI-related server sales. Dell said late Tuesday that it earned an adjusted $2.15 per share on sales of $24.4 billion…
Bad weather threatens roads over the holiday, but airports had little trouble on Wednesday morning. Scott Arnould expected traffic and long lines when he arrived at Chicago O’Hare International Airport more than four hours before his flight home to Gulf Shores, Ala., on Tuesday, as experts warned of the busiest Thanksgiving travel week ever. But…
European stocks opened lower Tuesday as investors assess the global implications of U.S. President-elect Donald Trump’s plans to hike tariffs on China, Mexico and Canada. The regional Stoxx 600 was down 0.61% at 8:10 a.m. London time as all sectors bar telecoms retreated. Autos led losses, down 2.1%. The index had ended in the green for a third straight…
Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years. The department store chain, which also operates Bloomingdale’s and Bluemercury cosmetics chain in addition to its namesakes stores, was expected…
President-elect Donald Trump has always been seen as something of a business-friendly president, yet despite that fact, American businesses are already threatening to increase their prices when Trump takes office again in January of 2025. The reason for this impending price hike? Tariffs. Tariffs are taxes on goods imported into the country from foreign nations and producers. Trump,…
This unique stock split boasts a laundry list of competitive advantages, a robust capital-return program, and a historically cheap valuation. Over the past two years, there hasn’t been a hotter investment trend than the rise of artificial intelligence (AI). But in 2024, stock-split euphoria has played a very close second fiddle. A stock split is a tool…
