Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Adam Jeffery | CNBCBillionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.Ackman’s firm is raising $1.05 billion in a funding round, worth 10% of the management company and implying a valuation of $10.5 billion, according to a source familiar with the matter. Investors on the deal are institutional and family offices who prefer to remain anonymous, the source said.The Wall Street Journal first reported on the moves. Pershing Square…
Author: insighter
If you’re in the market for car insurance and you live in the Pelican State, you’ve got plenty of options to choose from. But identifying the best car insurance in Louisiana can feel like trying to put together a jigsaw puzzle. Thankfully, we’ve put the pieces together for you.NerdWallet analyzed 19 insurance companies in Louisiana to help you find the best option. We split our top picks into four categories:How we found the best car insurance in Louisiana.NerdWallet’s editorial team considered pricing, discounts, complaint data from the National Association of Insurance Commissioners and more to determine the best car insurance…
The European Union said Friday that it’s adding Chinese online retailer Temu to its list of platforms facing the bloc’s highest level of digital scrutiny. Because it has more than 45 million users, Temu is being classed as a “very large online platform” under the the EU’s Digital Services Act, a wide-ranging rulebook designed to clean up online platforms and keep internet users safe. That means that by September 2024 Temu will be required to obey the DSA’s most stringent rules and obligations, which include assessing and mitigating “systemic risks.” “Temu must put in place mitigation measures to address risks,…
Omer Taha Cetin | Anadolu | Getty ImagesA major thesis around bitcoin ETFs was that financial advisors needed regulated funds like them to direct their wealthy clients to invest in bitcoin.Almost six months after the launch of those ETFs, there are few signs that advisors are clamoring for the funds. Many remain just as averse to bitcoin now as they were before. That doesn’t mean the ETFs were a failed experiment, however. For one, bitcoin ETFs have been hailed as the most successful ETF launches in history, with BlackRock’s iShares Bitcoin Trust (IBIT) reaching $20 billion in assets under management this week, even with advisors sitting…
With a parade of new models and a marketing tailwind from Formula 1, sports carmaker Aston Martin expects to become cash-flow positive this year, according to Executive Chairman Lawrence Stroll.”We’re now at a really transitional moment, with an inflection point for this company,” Stroll told CNBC. “We’re introducing all our products, finally, after designing and building them for the last four years, after I took over. Going forward, we will now have a normal quarterly output, not these hockey sticks we’ve seen in the past, but the more traditional quarterly flow of new vehicles constantly coming to market.”Stroll said the…
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A New York jury on Thursday found Donald Trump guilty on 34 felony counts of falsifying business records in an effort to conceal a hush money payment made to a porn star ahead of the 2016 presidential election.Politically, the unprecedented criminal conviction of a former U.S. president — and presumptive major-party presidential nominee — plunges the nation into uncharted waters, as the Republican continues his campaign against President Joe Biden.But legally, Trump’s next moves are easier to predict. Here’s what could happen next:Former US President Donald Trump returning to the courthouse moments before hearing that the jury had a verdict in his criminal…
Nimble is a customer relationship management (CRM) platform that caters to the needs of various teams. The CRM software is suitable for solopreneurs and small businesses, packing contact management, marketing automation, sales intelligence, pipeline management, social media monitoring features, and more into a unified platform you can use from anywhere. We prepared this Nimble CRM review to show you its most popular functions, additional benefits you’ll get if you choose it, and how much it costs to help you determine whether or not it’s the best CRM for your business needs. Note that all rates and fees are current as…
Introduction to iGaming Payment GatewaysIn the fast-paced world of online gaming, iGaming payment gateways play a crucial role. They facilitate smooth and secure transactions, enhancing the user experience.Importance of iGaming Payment GatewaysiGaming payment gateways are essential for seamless transactions. They ensure quick deposits and withdrawals, maintaining player satisfaction. This is vital for retaining users and growing the platform.Types of iGaming Payment GatewaysTraditional Payment MethodsCredit/Debit Cards: These are widely accepted and easy to use. Players prefer them for their convenience.Bank Transfers: Secure but slower, bank transfers are preferred for larger transactions.Modern Payment MethodsE-wallets: PayPal, Skrill, and Neteller offer fast, secure transactions.…
Martin Barraud | Ojo Images | Getty ImagesMany Americans are likely familiar with financial thresholds that are adjusted for inflation each year.They include contribution limits to 401(k) plans, cost-of-living adjustments for Social Security benefits and federal income tax brackets, to name a few.These tweaks help households keep pace with the rising cost of living.For example, without adjustments, more households would generally creep into higher tax brackets over time and the buying power of Social Security beneficiaries would fall.But some thresholds, like the federal minimum wage, aren’t inflation-adjusted.What is and isn’t inflation-indexed largely depends on lawmakers’ whims when they drafted respective…
Masterworks is an online platform that allows you to invest in shares in artwork. Since it hit the market in 2017, Masterworks has offered over $700 million in investments in contemporary artwork pieces that have track records of success and strong reputations. Masterworks features artists such as Banksy, Yayoi Kusama, Jean-Michel Basquiat and Andy Warhol.Pros and cons of investing with MasterworksPros:Access to a historically inaccessible sector.Cons:Lack of transparency on the Masterworks website.Fee structure is difficult to understand.Higher risk than traditional investments like stocks and bonds.How to start investing with MasterworksGetting started with Masterworks is a bit more involved than with…
Michael Dell, Chairman and CEO of Dell Technologies, speaking at the Mobile World Congress 2024 in Barcelona, Spain, on Feb. 27, 2024.Joan Cros | Nurphoto | Getty ImagesDell reported first-quarter earnings on Thursday that beat analysts’ estimates for earnings and sales, as the company has emerged as one of the top vendors for artificial intelligence servers. But, shares fell more than 15% in after-hours trading on concerns Dell’s AI servers aren’t making the company a lot of money yet.Here is how Dell did compared to LSEG consensus estimates:Earnings per share: $1.27 adjusted vs. $1.26 estimatedRevenue: $22.24 billion vs. $21.64 billion…