Elon Musk sued by SEC over late disclosure of Twitter stake
Elon Musk was sued by the Securities and Exchange Commission on Tuesday for failing to timely disclose his purchase of more than 5% of Twitter's common stock in March 2022. In a complaint filed in federal court in Washington, D.C., the SEC said the delay allowed Musk to continue buying Twitter stock at artificially low […]
Dolphins’ Tua Tagovailoa ‘unlikely’ to play with playoff berth at stake due to hip injury
With a playoff spot on the line, the Miami Dolphins will likely not start quarterback Tua Tagovailoa against the New York Jets on Sunday. “It's unlikely that Tua will take any action,” head coach Mike McDaniel told reporters during Friday's press conference. With Tagovailoa sidelined for the second straight week with a hip injury, the […]
Right-to-repair sweetens McFlurry but sours when lives are at stake
McDonald's lovers across the country are celebrating changes that could put an end to the chain's infamous ice cream machine breakdowns. Thanks to a new copyright exemption, McFlurries and soft serve ice cream may soon be in uninterrupted circulation. Recent amendments to the Digital Millennium Copyright Act allow outside parties to access and repair “retail-level […]
Trump Media shares drop after president-elect transfers stake to trust
Trump Media & Technology shares fell as much as 6% on Friday, offsetting losses after President-elect Donald Trump moved his stake in the social media company into a revocable trust. The move comes after President Trump said in November that he had no intention of selling his stake in the company that owns the Truth […]
PGA Tour, Saudi PIF “close” to settling 6% stake, but what does it mean overall?
According to sources, the PGA Tour and the Saudi Public Investment Fund (PIF) are close to reaching an agreement. bloomberg business report. The two sides have been trying to reach an agreement for nearly 18 months, which could result in PIF acquiring a 6% stake in PGA Tour Enterprises, the PGA Tour's new commercial entity. […]
Jury begins deliberating in Daniel Penny’s lightning-rod NYC subway chokehold case — here’s what’s at stake
The Manhattan jury considering criminal charges against Daniel Penny in the strangulation death of subway Jordan Nelly began deliberating the lightning rod case on Tuesday. The 12-person jury, seven women and five men, assembled around 1:15 p.m. to find Penny guilty of killing Neely, a troubled homeless man, on a crowded subway F train in […]
Qatar Investment Authority acquires ‘significant’ stake in Audi F1
The 2024 F1 season is coming to an end, but plans have already begun for not only the 2025 season but also the 2026 season. That season will bring big changes to the sport. Not only will F1 introduce a new set of technical regulations for the 2026 season, but the sport will now have […]
Citadel founder Ken Griffin says he’s open to selling stake in hedge fund
Citadel founder Ken Griffin said Thursday that he is open to selling a small stake in the hedge fund at some point in the future. At an event hosted by the New York Economic Club, Griffin said a deal that would sell a minority stake in his market maker Citadel Securities to Sequoia and Paradigm […]
Nets owner Joe Tsai to buy stake in Miami Dolphins: report
Brooklyn Nets majority owner Joe Tsai and minority owner Oliver Weisberg will buy a stake in the National Football League's Miami Dolphins, according to reports. Tsai, who made his fortune as a co-founder of Chinese e-commerce giant Alibaba, will acquire a 2.9% stake in the team, while Weisberg will own 0.1%. Go to the Sports […]
Blackstone is buying Jersey Mike’s: it also has a stake in these big brands
See what's being clicked on FoxBusiness.com. Blackstone is poised to become majority owner of Jersey Mike's through a deal the investment firm announced Tuesday. The investment firm, run by CEO Stephen Schwartzman, plans to close on the sandwich chain early next year, when it plans to close on the sandwich chain through its latest flagship […]