In recent years, activist investors have faced defeat after defeat in proxy fights, leading to questions about their credibility and power. These so-called “activist investors” differ from the original activists who championed governance reforms years ago. The ultimate question remains: Do today’s activist investors truly add economic value? Judging by their track records, it seems
profit
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. This legal action stems from a DOJ investigation that began in 2022, focusing on whether Live Nation holds a monopoly within the ticketing industry. The probe was initiated after fan
Chinese electric car company Xpeng has recently seen a significant increase in its shares following the announcement of an improvement in its profit margin. The company’s Hong Kong-listed shares rose more than 13% in morning trade on Wednesday, with U.S.-listed shares also climbing by nearly 6% after reporting first quarter results. Xpeng reported a 5.5%
The recent financial performance of Trump Media has raised concerns among investors, as the company reported a net loss of $327.6 million on a meager $770,500 in revenue for the first quarter of 2024. This significant loss equates to a net loss of $3.61 per share attributable to common stockholders. The company attributed its loss
Although the frenzy of home renovations seen during the pandemic has cooled off slightly, homeowners are still eager to invest in their living spaces as the spring housing market begins to heat up. According to the 2024 Cost vs. Value report from Zonda Media, certain home improvement projects are now offering the highest return on
Low-cost carrier Ryanair recently announced its best-ever annual profit, showcasing a 34% increase in profit after tax, reaching 1.92 billion euros. The airline also experienced a 25% rise in revenue, totaling 13.44 billion euros for the full year. These figures are impressive, especially considering the 23% increase in passengers served, reaching 184 million travelers compared
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In the past year, media giants faced challenges in wooing advertisers during the Upfronts meeting week. Due to a Hollywood strike and cost-cutting measures affecting their content and star power, companies like Disney and Warner Bros. Discovery had to pivot towards emphasizing sports over scripted shows. This shift was particularly evident in this year’s presentations,
Richemont, a leading Swiss luxury group, saw a surge in its shares by 6.3% following the announcement of record full-year sales. Despite a weakening outlook for luxury brands, the company reported a 3% increase in group sales, reaching a new high of 20.6 billion euros. This growth was achieved despite a slowdown in Asia-Pacific spending,
The Dow Jones Industrial Average has achieved a significant milestone by surpassing 40,000 points, a feat that may have seemed unattainable just a year ago. This achievement has been attributed to investor optimism surrounding the potential impact of artificial intelligence on corporate profits, as well as speculation that the Federal Reserve may reduce interest rates