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 […]
Meme stock influencer ‘Roaring Kitty’ dumps entire stake in Chewy, sending shares lower
Keith Gill, the stock influencer known as Roaring Kitty, has liquidated his entire stake in pet supplies retailer Chewy, according to a filing with the Securities and Exchange Commission on Tuesday. Chewy stock fell nearly 2% in extended trading. Known for his cryptic posts, Gill uses platforms such as YouTube and Reddit to publish his […]
Oakland A’s shop stake in deal that values team at $2B: sources
Oakland A's billionaire John Fisher is looking to cash in on the team's move to Las Vegas by selling a minority stake that values the team at $2 billion, the Post reported. Fisher, who is the heir to the Gap clothing empire co-founded by his parents Donald and Doris Fisher, is expected to begin purchasing […]
We Will Be Arrested if Trump Wins, Our ‘Constitutional Republic’ at Stake
Democratic strategist James Carville said Monday on MSNBC's “The Beat” that he and host Ari Melber would be arrested if former President Donald Trump wins the election. “When Trump goes into office and says he's going to use the military to arrest his political opponents, Mike Johnson and Lindsey Graham and the Wall Street Journal […]