• Sat, February 8, 2025

by: Reuters

Uber shares jump to three-month high after Bill Ackman builds $2 billion stake

Shares of Uber Technologies jumped to a three-month high on Friday after billionaire hedge fund manager Bill Ackman announced that he had taken a stake worth about $2.3 billion in the ride-sharing platform.

by: Kiplinger

Ten IRS Audit Red Flags for Self-Employed Individuals

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances of drawing unwanted attention from the IRS.

by: businessday

Top 5 African countries at risk of losing the most skilled professionals

A large number of skilled professionals in Africa are set to experience significant changes in their core skills over the next five

by: AOL

Challenges to Illinois' pending interchange law continue to play out in court

Illinois' controversial Interchange Fee Prohibition Act has taken another turn in court. The law prohibits a credit card holder's bank from charging or receiving interchange fees on portions of transactions,

by: Forbes

Smart Financial Decisions Made Simple

The best interest rates on CDs—certificates of deposit—pay up to 5.02% today, based on certificate term lengths. Here's an overview of how CD rates are changing, followed by a guide to the ...

by: Yahoo

Released Thai hostages return to Bangkok after being held for over a year in Gaza

Five Thai workers released after being held hostage for over a year in Gaza arrived in Bangkok on Sunday. During an earlier ceasefire in November 2023, 23 Thai nationals were released in a deal negotiated between Thailand and Hamas,

by: MSN

Mohawk Industries, Inc. (NYSE:MHK) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 7, 2025 Operator: Good day, and welcome to the Mohawk Industries 4th Quarter 2024 Earnings Conference Call. All participants will be in listen only mode. Should you need assistance,

by: MSN

Patrick Industries, Inc. (NASDAQ:PATK) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 6, 2025 Patrick Industries, Inc. misses on earnings expectations. Reported EPS is $0.52 EPS, expectations were $0.79. Operator: Greetings and welcome to the Patrick Industries,

by: Forbes

CFPB's X Account Goes Dark As Russell Vought Takes Over, Elon Musk Posts 'CFPB RIP'

The Consumer Financial Protection Bureau's X account appears to have gone offline after new acting director Russell Vought took over Friday, a dismal sign for the bureau that has been targeted by Trump and tech billionaires including Mark Zuckerberg and Elon Musk,

by: MSN

Inside the world's best city for business where 244,000 millionaires and 30 billionaires live

Known for it's safety, cleanliness and a world hub for trade and commerce, the South East Asian island is a powerhouse when it comes to housing wealthy individuals

by: MSN

The rising cost of living: Six U.S. cities facing housing price surges

As Donald Trump assumes the presidency, economic shifts are anticipated to impact local markets. In this context, we explore six U.S. cities where living costs are expected to soar, with housing prices becoming increasingly unaffordable,

by: MSN

'Junior Achievement BizTown' gives Newark students experience in business, tech careers

Junior Achievement of Central Ohio and Newark City Schools celebrated the opening of theJunior Achievement BizTown (JA) on Friday.The innovative program offers

by: MSN

The Digital Lending Revolution: How Young Entrepreneurs Are Redefining Business Finance

In a time when loans are an entrepreneur's best bet to secure financing for their business, less and less are looking for traditional loans. Not only are they time-consuming, but access to capital is also slowed by the lengthy loan approval times.

by: MSN

Alibaba Group Holding (BABA) - AI-Enabled E-Commerce Innovations Shaping the Industry

We recently published a list of 10 AI Stocks Dominating Wall Street. In this article, we are going to take a look at where Alibaba Group Holding Limited (NYSE:BABA) stands against other AI stocks dominating Wall Street.

by: MSN

How is bird flu impacting the cost of food?

Barron's Roundtable' panelists Megan Leonhardt, Al Root and Ben Levisohn discuss avian flu and top stocks. Expert climbers, deadly predators, and dotting parents: the bobcat is an iconic piece of American wildlife.

by: MSN

3 No-Brainer Warren Buffett Stocks to Buy Right Now

Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has consistently outperformed the S&P 500 ever since Warren Buffett took full control of the struggling textile maker in 1965. Under Buffett, Berkshire shuttered its textile business and acquired cash-rich insurance companies to fund the expansion of its investment portfolio,

by: MSN

Bob's Red Mill closing retail store, cafe in Milwaukie

Bob's Red Mill is closing its Milwaukie retail outlet and café. The decision affects 44 employees at the 22-year-old spot, each of whom will be encouraged to apply for new positions with Bob's 700-worker organization,

by: MSN

Trump Is Unraveling the World Order With Unprecedented Speed

Global leaders, chief executives and lawmakers are navigating whipsaw changes touching healthcare, schools and the global supply chain.

by: MSN

Sun and Wood Can Be a Powerful Combination

Along a busy four-lane road in Kaga, Japan, situated between strip malls and rice fields, is a firewood business called Kuberu, meaning "to stoke a fire." On many weekends, when the weather is pleasant,

by: MSN

Top Cryptos to Buy This Month - Explore Qubetics' Wallet Innovation, Cronos' Stronghold, and Polkadot's Cross-Chain Dominance

Top Cryptos to Buy This Month - Explore Qubetics' presale, Cronos' stronghold, and Polkadot's innovation. Find out why these picks are worth considering.

by: MSN

Why Elon Musk's 120-hour work week is so risky

Elon Musk says he works 120 hours per week and asked his Department of Government Efficiency (DOGE) workers to copy him as they help Trump remake the government

by: MSN

International Business Machines (IBM): Among the Best Stocks to Invest In According to AI

We recently compiled a list of the 10 Best Stocks to Invest in According to AI. In this article, we are going to take a look at where International Business Machines Corporation (NYSE:IBM) stands against the other best stocks to invest in according to AI.

by: MSN

Trump just crushed Shein's business model. Now what?

Forcing ultracheap Chinese brands to pay taxes can level the playing field for American brands—and reshape consumer behavior at the same time. Update: On February 7, 2025, President Trump signed an executive order that temporarily delays the cancellation of the de minimus exemption.

by: MSN

How Will Chinese Tariffs Impact Forced Labor Enforcement?

Will Trump 2.0's protectionist sanctions against China-and the on-again, off-again de minimis waivers-help or hinder the Uyghur Forced Labor Prevention Act?

by: MSN

Avoiding Trump's tariffs could be harder for companies and countries this time

Donald Trump's tariffs could target a longer list of countries this time, experts said. Countries like Vietnam could face duties.

by: MSN

U.S. Energy Secretary Chris Wright: LNG exports will lower natural gas prices

U.S. Energy Secretary Chris Wright discusses Japan's plans to increase imports of U.S. LNG on 'The Claman Countdown.'

by: MSN

Awonye Ocloo, the devil is in the details

Anny OSABUTEYGreater Accra Regional Minister Linda Akweley Ocloo's vetting remains the shortest in the history of Ghana politics, and maybe the Gold Coast.Like most Ghanaians who were watching the vetting,

by: MSN

Union Budget introduces Rs 10,000 crore for startups

T he Union Budget 2025 has introduced a new scheme with a corpus of Rs 10,000 crore to boost the startup ecosystem. Finance Minister Nirmala Sitharaman's announcement was met wi

by: MSN

Popular brand files for Chapter 11 bankruptcy, closing all stores

Top retailer files for Chapter 11. In early February, Liberated Brands, which manages retail operations for some of the top surf labels in the U.S. and Canada, filed for Chapter 1

by: MSN

Reinsurance Group of America, Incorporated (NYSE:RGA) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 7, 2025 Operator: Hello, and welcome to the Reinsurance Group of America's fourth quarter 2024 earnings conference call. All participants will be in listen-only mode.

by: MSN

Victory Capital Holdings, Inc. (NASDAQ:VCTR) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 7, 2025 Operator: Good morning and welcome to the Victory Capital fourth quarter 2024 earnings conference call. All callers are in listen-only mode. Following the company's prepared remarks,

by: MSN

Meta Platforms, Inc. (META): Among the Best Stocks to Invest In According to AI

We recently compiled a list of the 10 Best Stocks to Invest in According to AI. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other stocks.

by: MSN

Elon Musk's DOGE fans, Target's DEI lawsuit, and Trump's new trade war: Business news roundup

Read More Elon Musk Elon Musk's Department of Government Efficiency (DOGE) came into existence with the pledge to slash red tape and dismantle the federal bureaucracy. Although it certainly hasn't been free of controversy,

by: MSN

American States Water Executives Get New Salaries for 2025

American States Water Company (NYSE:AWR) and Golden State Water Company, both subsidiaries under the organization name 01 Energy & Transportation, have announced new executive compensation arrangements.

by: MSN

3 Top Growth Stocks to Buy in February

Growth stocks often outperform the market over the long term due to their potential for significant revenue and earnings expansion. Companies with above-market growth rates typically reinvest their profits to fuel further growth,

by: MSN

Trump's tariffs, DOGE latest, Super Bowl mania

Wall Street rode a wild week of President Donald Trump's tariff jockeying, more slash and burn from DOGE and some big spending from Big Tech. Now, on to Super Bowl Sunday.
  • Sun, February 9, 2025

by: Dawn

Targeting The Net Zero Equation

The private sector has a crucial role to play in embedding resilience, but it cannot do much without support from other sectors.

by: Forbes

Nine Guiding Principles For A U.S. Sovereign Wealth Fund

The Treasury and Commerce Departments are drafting a plan detailing how a federal sovereign wealth fund might be structured, funded, and managed.

by: AOL

What happened to Nissan? And what happens next if a Honda merger is truly dead?

Japanese automaker Nissan finds itself at a crossroads. While Nissan potentially scrambles for a new dance partner, the question remains how Nissan arrived at the position it finds itself in now.

by: MSN

Weekly Money Horoscope February 09 to February 15, 2025: Stay cautious about financial risks and manage expenses prudently

Most zodiac signs will see financial improvements or prospects stabilizing this week through diligent efforts and focus on saving. However, some may need to be cautious about financial risks and manage expenses prudently to avoid potential losses.

by: MSN

Raging Bull Awards: celebrating South Africa's investment excellence

Raging Bull Awards ceremony, the "Oscars" of the investment industry, takes place on Monday, February 17, at the Cape Town International Convention Centre.

by: MSN

Lebanon's PM packs cabinet with heavy hitters from business and finance world

Lebanon's Prime Minister Nawaf Salam formed a government on Saturday, ending more than two-and-a-half years of caretaker leadership. The formation of a new government is a crucial step for the country before the expiry of a ceasefire agreement with Israel on February 18.

by: MSN

Meet Ivica Papes: A CEO That Epitomizes the Entrepreneurial Spirit Through Strong Team Building

In the dynamic and often turbulent landscape of the modern business world, certain leaders stand out not just for thei

by: MSN

New Income Tax Bill to be concise with nearly 30 percent fewer sections, says report

The Bill has received the Cabinet nod and will perhaps be referred to the standing committee on finance after being presented in the Parliament

by: MSN

Intel and Pfizer in Ireland show business is about more than Trump trade wars

The UK Chancellor's messaging at Davos recalled former Taoiseach Enda Kenny's efforts to extol the recovery of the Irish economy while in the Swiss Alps

by: MSN

Midstate businesses boom ahead of winter storm, big game

Businesses across the Midstate are booming as many prepared for more wintry weather Saturday and the big game on Sunday. "Business has been steady," said Phil Shearer, the General Manager of Ritters True Value in Mechanicsburg.

by: MSN

'Devastating and unexpected': 400+ let go as GM ends business with Jack Cooper

Nearly 100 years in business will soon end as Jack Cooper has let more than 400 employees in the Kansas City metro know that they no longer have jobs.

by: MSN

Coinbase stock forecast: are COIN and CONY buys into earnings

Coinbase stock price will be in the spotlight next week as the blue-chip crypto exchange publishes its fourth quarter earnings that will cap its best year on record. COIN has remained in a tight range this year as Bitcoin and most altcoins retreated.

Uber shares jump to three-month high after Bill Ackman builds $2 billion stake

Shares of Uber Technologies jumped to a three-month high on Friday after billionaire hedge fund manager Bill Ackman announced that he had taken a stake worth about $2.3 billion in the ride-sharing platform.
Uber Technologies Inc.'s shares surged to a three-month high after Pershing Square Capital Management, led by billionaire investor Bill Ackman, disclosed a significant investment in the company. Ackman's firm acquired 13.4 million shares of Uber, valued at approximately $775 million, making it one of the largest investments in Pershing Square's portfolio. This investment was revealed in a regulatory filing, which also noted that Ackman had been purchasing Uber shares since November 2023. The news boosted Uber's stock by 11.4% to $79.15, marking its highest level since November 14, 2023. Ackman's involvement is seen as a strong vote of confidence in Uber's future, particularly as the company has been focusing on profitability and expanding its services beyond ride-sharing into areas like food delivery and freight.

Read the Full Reuters Article at:
https://www.reuters.com/business/autos-transportation/uber-shares-jump-three-month-high-after-bill-ackman-builds-stake-2025-02-07/

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