Procter & Gamble Suffers a New Blow From This $15 Billion Investor
The investment vehicle has come out in support of the activist investor, as both sides dig in for a boardroom battle set for Oct. 10 Yacktman Asset Management, a 25-year-old investment firm with $15 billion in assets, on Thursday, urged Procter & Gamble (PG – Get Report) to include activist investor Nelson Peltz on the packaged goods […]
JPMorgan becomes just seventh bank to cover Buffett’s Berkshire Hathaway, calling it a screaming buy
If there is anyone out there who doesn’t need affirmation from Wall Street analysts, it’s the 87-year-old investing icon Warren Buffett . But JPMorgan gave it to the “Oracle of Omaha” anyway Thursday, initiating coverage on Berkshire Hathaway (BRK-A), the conglomerate he’s run for five decades, with an overweight rating. Despite Berkshire being the sixth-largest […]
Western Digital Thumped As Toshiba Plans Sale Of Chip Unit To Rival Investor’s Business Daily
Western Digital (WDC) shares fell Wednesday following news that Toshiba will sell a prized chip unit to a rival group led by Bain Capital and Korea-based SK Hynix. XAutoplay: On | OffThe deal, announced by Toshiba late Tuesday, is a blow to Western Digital, which spent months negotiating and wrangling with Toshiba to acquire the […]
Oil Trades Near Five-Week High as Stronger Demand Pares Surplus
Oil traded near a five-week high after the International Energy Agency and OPEC boosted their forecasts for crude demand. Futures were steady in New York after rising 3.8 percent in the previous three sessions. Global demand will climb this year by the most since 2015, the IEA said Wednesday. OPEC on Tuesday raised estimates for the amount […]
Jack Ma Is Selling 9% of His Alibaba Shares — Should You?
Alibaba Holdings Group (BABA) Founder and Executive Chairman Jack Ma is planning to sell 9% of his position in the company over the next 12 months, as reported in a U.S. Securities and Exchange Commission filing on Wednesday. The performance of Alibaba this year has been nothing short of stunning. The stock is up 100% […]
Here’s The Latest Financial Leader To Cast Doubt On Bitcoin
The chief economic adviser of Pimco’s parent company became the latest big voice in the financial world to cast doubt on bitcoin, a day after JPMorgan (JPM) CEO Jamie Dimon called bitcoin “a fraud.” XAutoplay: On | Off”It is a disruptive technology,” Mohamed El-Erian, chief economic adviser at Allianz, the German parent of the bond giant, […]
Were you impacted by the Equifax breach? You risk financial chaos by doing nothing
If you’re hoping to just ride out the Equifax breach scandal and do nothing about it, you might not have a problem next week or next month. Or even next year. Since the credit reporting company Equifax EFX, -2.35% announced last Thursday it had been affected by a data breach earlier in the summer that potentially affected 143 million […]