Why hedge fund titan Bill Ackman dumped his stake in Buffett’s Berkshire Hathaway?Author: Alejandro ArriecheLast Updated: May 28, 2020Hedge fund billionaire Bill Ackman (pictured) said he sold off his entire stake at Warren Buffett’s Berkshire Hathaway investment group, emphasizing his fund is in […]
Facebook’s Zuckerberg clashes with Twitter as Trump social media order loomsAuthor: Alejandro ArriecheLast Updated: May 28, 2020Facebook chief executive Mark Zuckerberg (pictured) quickly dismissed Twitter’s decision to fact-check US President Donald Trump’s comments, as the debate between the White House and […]
Cineworld plans for July opening, stock jumps by a quarterAuthor: Mohit OberoiLast Updated: May 28, 2020Cineworld, the world’s second-largest cinema chain, said it has secured new funding from its lenders and is hoping to reopen all of its sites in […]
Billionaire Carl Icahn sells stake in bankrupt Hertz for £1.6bn loss, stock tumblesAuthor: Mohit OberoiLast Updated: May 28, 2020Billionaire investor Carl Icahn has sold his stock in Hertz, ending a six-year bet in the rental car firm that cost him S1.6bn. Icahn sold […]
Facebook and Twitter stocks slip as Trump prepares to sign social media executive orderAuthor: Siraj SarwarLast Updated: May 28, 2020Shares in social media companies under pressure as US President Donald Trump is likely to sign an executive order on Thursday to review a law […]
China halts yuan near-record tumble after stronger-than-expected daily fixingAuthor: Galina MikovaLast Updated: May 28, 2020China’s offshore yuan tested a record low as it faces worsening tensions with the US over Hong Kong and the source of the coronavirus pandemic, […]
Offices will become ‘motherships’ after pandemic, says UK property developerAuthor: Galina MikovaLast Updated: May 28, 2020The UK is adapting to life post-coronavirus with a move to a new type of office to a “mothership” model with people working from multiple […]
Eating your way through the pandemic, Domino’s and Papa John’s see pizza sales rocketAuthor: Alejandro ArriecheLast Updated: May 28, 2020Takeaway food retailers have seen their sales skyrocket in the last few months as a result of lockdown measures which has prompted consumers to eat […]
Europe plans to raise €750bn from money markets to rebuild after pandemicAuthor: Alejandro ArriecheLast Updated: May 27, 2020Brussels said it plans to borrow €750bn ($826bn, £671bn) on international markets to finance the region’s economic recovery from the coronavirus pandemic, the European Commission […]
Discount retailers to post earnings as they open doors to cash-strapped AmericansAuthor: Mohit OberoiLast Updated: May 27, 2020Craig Johnson, chief market technician at Piper Sandler told CNBC he expects discount retail stocks to outperform in the second half of the year, as […]
