Author: Press Room
Bill Ackman is on the warpath against elite universities.The hedge fund boss says top schools like Harvard are letting antisemitism run rampant on campus.Ackman struck a more forgiving tone when Elon Musk was caught in his own antisemitism controversy. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app For weeks, hedge fund manager Bill Ackman has accused elite universities of allowing antisemitism to spread on campus in the aftermath of Hamas’ attack on Israel.His criticism reached a crescendo this week. The Pershing Square CEO highlighted…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EU lawmakers have agreed the terms for landmark legislation to regulate artificial intelligence, pushing ahead with enacting the world’s most restrictive regime on the development of the technology.Thierry Breton, EU commissioner, confirmed in a post on X that a deal had been reached.He called it a historic agreement. “The EU becomes the very first continent to set clear rules for the use of AI,” he wrote. “The AIAct is much more than a rulebook — it’s a launchpad for EU start-ups and…
© Reuters. FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo (Reuters) – The last big central bank push of the year is here with the Fed, the ECB and the Bank of England among the big hitters meeting while markets try to discern if a U.S. recession is unavoidable or a distant prospect. China’s policymakers will set direction for next year while enjoys a stellar rally. Here’s your week ahead in financial markets from Lewis Krauskopf in New York, Kevin Buckland in Tokyo, Yoruk Bahceli in Amsterdam, and Naomi Rovnick and…
© Reuters. Explore Wall Street’s expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 60% off, plus an extra 10% off a 2-year subscription with the code research23, reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro. Advanced Micro Devices, Inc. (NASDAQ:) has been a subject of keen interest among Wall Street analysts,…
The S&P 500 (SP500) on Friday advanced 0.21% for the week to close at 4,604.37 points, posting losses in three out of five sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) added 0.24% for the week. After a stunning November rally, markets took a bit of a breather at the start of this week, with the benchmark index posting a three-day losing streak from Monday to Wednesday. The advance resumed on Thursday, as overall sentiment has remained positive after favorable labor market data. Jobs was the word for the week, as the market’s general consensus that the Federal Reserve…
Gun rights activists cheered Friday after a federal appeals court struck down parts of New York’s expansive concealed carry law. The U.S. Court of Appeals for the Second Circuit blocked three provisions of New York’s “Concealed Carry Improvement Act” (CCIA), a law Democrats passed last year in response to a Supreme Court ruling that declared the state’s previous concealed carry permitting requirements unconstitutional. In doing so, the appeals court allowed other parts of the law to go into effect.In a 261-page ruling, the three-judge panel struck down a requirement that gun owners disclose their social media accounts for review when applying for…
Trump’s NY fraud trial just wrapped its tenth week of testimony.Of 11 defense experts, two testified for free and the rest charged a total of well over $2 million.Trump’s 11th and final expert charges $1,350 an hour, or $22.50 per minute. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Donald Trump and his Save America PAC are being charged well over $2 million by the accounting and real estate experts who’ve testified for the defense in the ongoing Trump civil fraud trial in New…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Simultaneous disruption in the Panama and Suez canals, two vital corridors for global trade, is threatening global supply chains in the run-up to Christmas.Shipowners and importers have warned that a drought in the Panama Canal and a spate of attacks on cargo vessels 11,500km away near the Suez Canal risk constraining traffic ahead of the festive season.“There are supplies that just won’t be here in time for this Christmas,” said Marco Forgione, director-general of the Institute of Export and International Trade, which…
© Reuters. FILE PHOTO: The sign of Signa Holding is placed on one of their offices in Vienna, Austria, November 6, 2023. REUTERS/Leonhard Foeger/File Photo DUESSELDORF (Reuters) -Signa Development Finance, a unit of Signa Development Selection AG, said on Friday it is “predominantly likely” that its parent and companies related to it will start insolvency proceedings soon. Signa Development Selection AG, which invests in development projects in major urban centres, and further companies of the Signa Development group will apply for the opening of insolvency proceedings in the “very near term”. Signa Development Selection AG had appointed restructuring expert Erhard…
© Reuters. FILE PHOTO: An oil tank is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo By David French and Anirban Sen (Reuters) -Endeavor Energy Partners is exploring a sale that could value the largest privately-held oil and gas producer in the Permian basin, the top U.S. oilfield, at between $25 billion and $30 billion, according to people familiar with the matter. The sale would come almost 45 years after Texas oilman Autry Stephens started the company that would become Endeavor. The 85-year-old wildcatter has decided to capitalize on a wave…