Billionaire activist investor Daniel Loeb backed off from pushing Walt Disney Co. to spin off ESPN, saying he has a “better understanding” of the sports television network’s potential for growth. This comes after Disney Chief Executive Bob Chapek reaffirmed the value of ESPN to the media company. “We believe that ESPN is an asset that…
Activist Investor Dan Loeb Backs Off From Asking Disney to Sell ESPN
Famed Investor Jeremy Grantham Warns S&P 500 Could Drop Another 26 Percent by 2023
Veteran investor co-founder of Boston asset manager GMO, Jeremy Grantham, predicted that the S&P 500 could plummet by another 26 percent by 2023, while speaking at the Reuters Global Markets Forum on Sept. 8. His comments following months of turbulence on Wall Street this year amid a series of challenges and signs that the United States…
States to Ban Gas-Powered Cars Despite Human and Environmental Cost of Electric Vehicles
In Chile’s Salar de Atacama, locals watch helplessly as their ancestral lands wither and die, their precious water resources evaporating in salar brines. In the Democratic Republic of Congo, hope for a better life dissolves as well-funded Ugandan-led extremist groups force children as young as six into cobalt mines. Closer to home, Nevada’s Fort McDermitt…
Crypto Investments Are Extremely Risky: Australian Stock Exchange Regulator Warns
The Australian Securities and Investments Commission (ASIC) has called on the Australian people to take precautions and equip themselves with knowledge of the risks associated with crypto asset investments. Speaking at a Governance Institute conference on Sept. 12, ASIC commissioner Sean Hughes said the stock exchange regulator wanted new investors to be aware that investing…
At NatCon, a Populist–Libertarian Clash on ESG Investment
It’s no surprise that the environmental, social, and governance (ESG) investment movement was a topic at the third National Conservatism Conference in greater Miami. Experts on a Sept. 11 ESG panel wondered aloud whether the letters actually stand for “evil, stupidity, and grift.” “It’s probably all three, by the way,” said Justin Danhof of Strive…
Capital Markets Freeze Up as Market Volatility Persists
It’s been a hard year for companies that want to raise capital. The initial public offering (IPO) market, which allows a company to raise money by selling shares to the public investors, has witnessed a sharp decline this year, following a record-breaking year in 2021. Public offerings in the United States are on track for…
Gold Market Cap: How Big Is the Gold Market?
The total gold market cap is approximately $11.34 trillion. Should the gold market capitalization be a crucial factor in your precious metal investment choices? Precious metals like gold and silver provide extensive benefits for commodities investors, but they are not attractive only as hedges against inflation. The market capitalization of your chosen commodity also brings certain…
Tesla Proposes New Lithium Refinery In Texas
Tesla is evaluating whether to set up a lithium refinery on the Texas Gulf Coast, in order to secure the supply of the precious material used to make electric car batteries. The electric car company plans to process raw ore material on-site into a “usable state” for lithium battery production, which is now mostly produced…
Eight FAQs With Securities Litigation: Attorney Nick Oberheiden
Corporate executives and other individuals who find themselves being investigated for securities violations are bound to have serious and pressing questions that need answers right away. The penalties for a securities violation are steep. They can carry substantial civil and even criminal liability, and can imperil your professional future if you are a securities professional…
These US Cities See the Largest Increase in Rent Prices
While New York, California, and Boston, Massachusetts, continue to be the most expensive rental markets in the country, some unexpected locales have actually experienced the largest increases in one-bedroom rental prices year over year. The August report from Rent.com puts Greensboro, North Carolina, at the top of the list, with rent hikes of 74.2 percent,…
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