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Exxon files lawsuit against activist investors’ ‘extreme’ climate proposal

Exxon Mobil filed a lawsuit in a Texas court on Sunday to block a climate change proposal by an activist investor from being voted on at the company's shareholder meeting in May. This is the first time Exxon has filed a complaint in court seeking to exclude a shareholder proposal. The company said investors were […]

Spirit Airlines shares hit record low as JetBlue deal collapse alarms investors

Sources told Reuters on Thursday that Spirit Airlines is considering refinancing its debt and not restructuring. The company's stock price has fallen since Tuesday on investor concerns about the company's financial future after a U.S. judge blocked its $3.8 billion merger with JetBlue Airways. The decline in the company's stock accelerated Thursday afternoon. The Wall […]

Chinese stock rout accelerates as foreign investors sell out – Financial Times

Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. The punitive sell-off in Chinese stocks has worsened in recent days as foreign investors who had bet on a rebound lost faith that a stimulus package from the Chinese government was on the horizon. The Hang Seng […]

Why investors scaled back on real estate purchases in 2023

The pandemic-era investor frenzy for buying real estate appears to be starting to wane. Investor home purchases fell in the first three quarters of 2023, dropping an average of 32.9% year-to-year year-over-year as of September, according to a new Realtor.com analysis released Wednesday. The decline in investor activity was greater than the 25% decline in […]

Execs of Harvard’s endowment visit Silicon Valley in bid to repair relationships with investors

Executives overseeing Harvard University's $51 billion endowment reportedly roamed Silicon Valley and met with deep-pocketed investors last week as the Ivy League seeks to repair its tarnished image. That's what it means. A team from Harvard Management Company, the nation's largest university endowment, visited firms such as Sequoia Capital, Kleiner Perkins, and Andreessen Horowitz, according […]

Investors scaled back on real estate purchases in 2023

Bill Pulte, CEO of Pulte Capital, insists home prices won't fall significantly in the new year. The pandemic-era investor frenzy for buying real estate appears to be starting to wane. Investor home purchases fell in the first three quarters of 2023, dropping an average of 32.9% year-to-year year-over-year as of September, according to a new […]