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Paramount investor Mario Gabelli ‘may not sell stock’ in proposed Skydance merger

Billionaire Mario Gabelli, the largest voting shareholder in the holding company that controls Paramount, said he might remain an investor if the media giant were to merge with Skydance, despite previously being skeptical of such a partnership. Earlier this week, heir Shari Redstone surprised media members by announcing that she would accept a merger proposal […]

Global investor Mark Mobius on how a Trump win might impact emerging markets

Mark Morbius, chairman of the Morbius Emerging Opportunities Fund, discusses global fixed income markets on the Craman Countdown. Global investor Mark Mobius said President Trump’s reelection would likely be viewed favorably in emerging markets because it would bring a sense of “stability.” During Monday’s appearance on “The Claman Countdown,” host Liz Claman asked the Mobius […]

‘Privacy nightmare’: 19 states fight SEC’s investor tracker

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Activist investor slams Southwest Airlines CEO, board for ‘poor execution,’ seeks new leaders

Elliott Investment Management reported on Monday that it holds about $1.9 billion worth of shares in U.S. airline Southwest Airlines and has called for changes in the company’s management. Southwest Airlines shares rose 7% to close at $29.70 on Monday. The activist investment management firm said Southwest’s “poor execution” and management’s “stubborn refusal to change […]

Top Silicon Valley investor abandons Dems, cuts Trump campaign massive check after verdict: ‘I’ll lose friends for this’

A top Silicon Valley venture capitalist announced Thursday that he has donated $300,000 to former President Donald Trump’s reelection campaign following his conviction. Sean Maguire, a general partner at Sequoia Capital, isn’t just donating to Trump’s campaign: he supports him at all costs. “I personally believe that the double standards and legal war against Trump […]

Billionaire investor sees 1 in 3 chance of civil war

Ray Dalio, the billionaire investor and founder of hedge fund Bridgewater Associates, said he believes the United States is increasingly likely to descend into civil war. in Financial Times interviewDalio, 74, detailed a study that found the chance of civil war in the United States was 35 percent to 40 percent. “We’re on the brink […]