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Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon
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Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon
Finance
Tricolor CEO received a $6.25 million bonus weeks before company’s bankruptcy, prosecutors say
Key Points Tricolor CEO Daniel Chu directed a deputy to send him $6.25 million in bonuses in August, weeks before the company filed for bankruptcy, U.S. prosecutors alleged. Chu is accused of engaging in “systemic fraud” over roughly seven years through 2025, according to an indictment unsealed on Wednesday. Prosecutors say Chu used some of […]
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Finance
Stocks making the biggest moves midday: Oracle, Jabil, Paramount, Texas Pacific & more
Check out the companies making the biggest moves in midday trading: Texas Pacific Land — Shares of the large Texas landowner jumped 8% after it struck a deal with Bolt Data & Energy to develop large-scale data center campuses on properties owned by Texas Pacific Land. Jabil — The electronics firm fell about 2%, however, […]
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Finance
Stocks making the biggest moves premarket: Netflix, Amazon, Lennar, General Mills & more
Check out the companies making the biggest moves in premarket trading: Warner Bros. Discovery , Netflix , Paramount Skydance — Warner Bros. Discovery’s board unanimously recommended that shareholders reject Paramount Skydance’s takeover bid and stick with Netflix’s proposal — which they called “superior.” Netflix shares ticked higher by 1.4% in the premarket. Warner shed 1.8% […]
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