Bill Ackman, CEO of Pershing Square Capital Management, announced at the Delivering Alpha conference that Universal Music Group will move its primary stock exchange listing to the United States from the Netherlands due to recent antisemitic attacks in Amsterdam. Ackman, who is the largest shareholder in UMG, plans to relist his own publicly traded company…
A federal judge has struck down a Biden administration program that would allow unauthorized immigrants married to American citizens to get legal status and a streamlined path to citizenship. The judge declared the program illegal, agreeing with a lawsuit filed by Texas and other Republican-led states. The program, known as Keeping Families Together, aimed to…
Concession speeches are an important tradition in U.S. democracy, dating back to the country’s founding. They show respect for the democratic process and help unite the country after a divisive election. Vice President Kamala Harris’s recent concession speech demonstrates the significance of this moment in a politician’s career. Overall, concession speeches serve as a cornerstone…
Treasury yields rose on Wednesday as Donald Trump was projected to win the U.S. presidential election over Vice President Kamala Harris. The 10-year Treasury yield jumped to 4.42%, its highest level since July, as investors anticipated increased economic growth under a Trump presidency. The yield on the 2-year Treasury also increased, reaching its highest level…
At the IFA Berlin event in 2024, Hisense showcased the popular video game “Black Myth: Wukong” on their TV screens. The company’s president, Catherine Fang, expressed their goal of becoming the top seller of TVs in the U.S. within two years. They recently partnered with FIFA Club World Cup to boost their brand in the…
Traders on the NYSE are keeping an eye on stock futures, which dipped overnight as the U.S. presidential election approaches. The Dow Jones, S&P 500, and Nasdaq futures all saw declines. Despite a strong start to November, with tech stocks boosting the market, uncertainty around the election results is causing volatility. The market is also…
Realtor.com identified Hawaii as the most expensive state in the U.S., surpassing California and New York. Factors contributing to Hawaii’s high cost of living include expensive home prices and the additional costs associated with transportation due to its remote location. California ranked second on the list, with high demand for housing and limited supply driving…
Taiwan’s defense ministry reported that Chinese military aircraft, including fighters and bombers, flew near the island for the second day in a row. China claims Taiwan as its own territory and regularly sends its military to assert sovereignty. The U.S. is obligated to support Taiwan’s defense, which angers Beijing. Taiwan detected 37 Chinese military aircraft…