World
S&P 500 futures slip as index heads for losing week: Live updates
Traders work on the floor of the New York Stock Exchange at the opening bell on November 13, 2024, in New York City. Angela Weiss | AFP | Getty Images S&P 500 futures inched lower Thursday night as investors wondered what’s next for the market after the postelection rally wavered. Futures tied to the Dow […]
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I became CEO of a company that has helped millions of kids read—here’s my no. 1 piece of career advice
Dr. Geetha Murali, CEO of Room to Read. Courtesy of Dr. Geetha Murali. For Dr. Geetha Murali, the topic of education is a deeply personal one. As the CEO of Room to Read, a leading non-profit organization with the mission to create a world free from illiteracy and gender inequality, she is acutely aware that […]
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Bill Ackman’s Pershing Square doubles down on Nike and one name tied to data centers
Bill Ackman’s Pershing Square doubled down on Nike and Brookfield in his concentrated portfolio last quarter. The high-profile investor boosted his investment in Nike drastically in the third quarter, making the bet worth $1.4 billion, according to a regulatory filing. The bet was only worth about $220 million at the end of June. Nike is […]
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Trump picks vaccine skeptic RFK Jr. for Health and Human Services secretary
Independent Presidential candidate Robert F. Kennedy Jr. gives a keynote speech during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images President-elect Donald Trump said Thursday that he will nominate vaccine skeptic and conspiracy theorist Robert F. Kennedy Jr. as secretary of the Health and […]
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‘Big Short’ investor Michael Burry reshuffles portfolio, adds hedges on China holdings
Michael Burry, best known for calling the subprime mortgage crisis, made a slew of changes in his portfolio last quarter, including what appears to be a hedge on his sizable bet on Chinese internet stocks. Burry, who now manages hedge fund Scion Asset Management, boosted his stakes in a few Chinese internet companies’ ADRs, according to […]
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Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high
Shoppers walk past Burberry’s Shanghai store Kevin Lee | Getty Images LONDON — Burberry is aiming to win back shoppers and boost waning sales by refocusing on heritage designs and statement pieces under sweeping revamp plans designed to revive the luxury fashion house’s ailing fortunes. The “Burberry Forward” strategic overhaul, announced Thursday, intends to reconnect […]
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The Onion wins Alex Jones’ Infowars in bankruptcy auction
The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably InfoWars, the far-right, conspiracy-minded website that served as Jones’ primary online platform. Jones announced the sale on X Thursday morning. “I just got word 15 minutes ago that my lawyers and folks […]
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Wholesale prices rose 0.2% in October, in line with expectations
Customers shop at a Costco Wholesale store in Miami on Dec. 15, 2023. Joe Raedle | Getty Images News | Getty Images Wholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December, the Bureau of Labor Statistics reported Thursday. The […]
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