Shares of health insurance companies including UnitedHealth Group continued to fall on Friday, two days after Brian Thompson, the CEO of the company’s health insurance unit, was fatally shot outside a Manhattan hotel by a gunman waiting for him. The shooter is still at large and his motive for the attack has not been determined, police officials say. … Read more
UnitedHealth Group’s (NYSE: UNH) stock price surged close to its all-time high to touch the $620 mark at 9:30 a.m. ET on December 4. That was right around when Group CEO Andrew Witty called off the company’s Investor Conference at the Hilton Hotel in midtown Manhattan yesterday after Brian Thompson, CEO of the Group’s insurance … Read more
According to sources, SpaceX will likely sell insider shares in a potential tender offer that will value the rocket company close to $350 billion. This move could make SpaceX the most valuable private startup globally and ahead of top defence and aerospace firms like Lockheed Martin and GE Aerospace. As Bloomberg reported last month, SpaceX’s … Read more
Pershing Square Holdings said Monday it plans to delist its shares from Euronext Amsterdam, after billionaire Bill Ackman urged its board last month. The investment holding company, in which Ackman and his family own a 23% stake, said its shares will continue to be traded in dollars and pounds on the main market of the London Stock Exchange. Delisting from Euronext Amsterdam and … Read more
Former UBS asset manager Helmut Jonen earned a salary of over $322,000 (£253,818) annually over a decade ago. However, he quit the bank once his passive income from investment dividends reached north of $257,000, or 80% of his UBS salary. He achieved this milestone at the age of 52. “This year, I will probably earn … Read more
“Black Friday” got a whole new meaning on Wall Street, as stocks closed at fresh records on optimism about the US economy under the incoming Trump administration. Major stock indexes ended November by recording their largest monthly gains of the year. The Dow rose nearly 200 points – or 0.42% – close at a record … Read more
The US Securities and Exchange Commission (SEC) approved America’s first round-the-clock national securities exchange yesterday, according to a press release. The 24X National Exchange will be set up in two phases. The first stage, expected to be implemented in the second half of 2025, would enable trading of US-listed shares between 4 a.m. and 7 … Read more
California Representative Nancy Pelosi’s investment portfolio has returned over 700% since 2014. While the former House Speaker’s husband, Paul, executes the trades, his impressive track record of consistently timing the market has given rise to criticism that Nancy could be sharing confidential market information with him, something the politician has refuted for years. While she … Read more
Berkshire Hathaway chair Warren Buffett, 94, announced yesterday via a news release that he will The decision will reduce his Berkshire Hathaway Class A holdings to 206,363, a 56.6% drop since his 2006 pledge to give away his wealth, estimated at over $150 billion, according to Forbes. He will donate 1.5 million Class B shares … Read more
Mumbai: The Indian stock market opened in green on Tuesday after witnessing two robust trading sessions, as buying was seen in the realty sector in early trade. At around 9:53 am, the Sensex was trading at 80,203.9 after rising 94.14 points or 0.12 percent, while the Nifty was trading at 24,253.10 after rising 31.20 points … Read more
