Ackman on Jan. 26 announced he purchased more than 3.1 million shares of Netflix, making him a top-20 shareholder.
Source
Bill Ackman sells Netflix stake after post-earnings plunge
World
Credit concerns reach European markets as bank stocks slide 2.8%
European markets traded firmly in the red on Friday morning as concerns over the banking sector reached the region. The Pan-European Stoxx 600 was 1.5% lower at 8:26 a.m. in London (3:26 a.m. ET), with all major indexes and sectors in negative territory. The U.K.’s FTSE index was 1.5% lower, France’s CAC 40 was down […]
Read More
World
Luxury stocks just boomed — here’s how investment banks are playing the sector
Luxury stocks surged this week after French luxury conglomerate LVMH — a bellwether for the sector — posted a surprise return to growth for the third quarter, putting Europe’s high-end firms on course to continue a multi-year rally. The sector has boomed in recent years, but stagnating sales, price rises , and renewed trade tensions […]
Read More
World
Trump’s latest China trade spat offers lessons for the copper market amid AI boom
Key Points Demand for copper is expected to surge over the next decade, powered partly by the ongoing AI boom and a ramp-up in European defense spending. A “fragility” of supply chains, magnified by the current flare-up of trade tensions, shows why a diversity of supply is critical going forward. London Metal Exchange CEO Matt […]
Read More