Silver Lake to take Endeavor private for $27.50 a share
Ariel Emanuel, Chief Executive Officer, Endeavor, at the New York Stock Exchange, April 29, 2021. Source: NYSE Private equity firm Silver Lake announced Tuesday that it’s acquiring entertainment company Endeavor Group Holdings for $27.50 a share. Endeavor’s stock was halted ahead of the announcement. Silver Lake will acquire 100% of the shares it does not […]
Reflation trade may put 10-year Treasury yield on path back to 4.5%-5%
After months of rangebound trading, the benchmark 10-year Treasury yield appears to be settling into a pattern similar to what was seen last October, when the rate soared to its highest level since 2007 and briefly burst through 5%.
Disney cinematic drought primed Peltz proxy fight
Harrison Ford returns as Indiana Jones in “Indiana Jones and the Dial of Destiny.” Disney Disney has struggled to return to the lofty box-office records of 2019 — and that may have helped open the door for its recent troubles with activist investor Nelson Peltz. Just four years ago, the studio had seven billion-dollar films, […]
Medicare Advantage rate disappointment sinks stocks of UnitedHealth, Humana
Shares of health insurers providing Medicare Advantage plans were hit hard Tuesday, after the Centers for Medicare and Medicaid Services announced a payment rate that disappointed investors looking for a bigger increase.
‘I’m guilt-ridden’: Our waitress’s behavior was so egregious that I wrote ‘NO TIP!’ on the check. Was I wrong?
“When is the service so bad that you can actually, in good conscience, refuse to tip?”
Other business may raise pay
An employee hands an order to a customer through a drive-thru window at a McDonald’s restaurant in Oakland, California, April 9, 2020. David Paul Morris | Bloomberg | Getty Images As fast-food chains in California start to pay their workers a higher minimum wage, other business owners across the state are watching to see whether […]
Healthcare stocks fade as obesity-drug optimism fades
Healthcare companies fell sharply Monday as ebullience about a new class of weight control drugs subsided.
Warner Bros. directors Miron, Newhouse resign after antitrust probe
The exterior of the Warner Bros. Discovery Atlanta campus is pictured after the Writers Guild of America began its strike against the Alliance of Motion Pictures and Television Producers, in Atlanta, Georgia, on May 2, 2023. Alyssa Pointer | Reuters Two Warner Bros. Discovery directors, Steven Miron and Steven Newhouse, are resigning following a U.S. […]
Oil futures hit five-month high on strong manufacturing data, escalating geopolitical tensions
Oil futures advanced on Monday, with West Texas Intermediate crude reaching a five-month high after data showed business activity in the U.S. manufacturing sector expanded at a modest pace last month, while an Israeli air strike on the Iranian consulate in Syria threatened to worsen geopolitical tensions in the Middle East.
Target, Kohl’s, TJX could benefit
Macy’s hasn’t yet shut the approximately 150 stores it plans to close. But retail competitors already smell opportunity. In recent interviews with CNBC, Target CEO Brian Cornell and Kohl’s CEO Tom Kingsbury said the department store’s decision to shrink its footprint gives them a chance to increase their own sales. Off-price chain T.J. Maxx could […]
