Jakub Porzycki | Nurphoto | Getty Images Company: Twilio (TWLO) Business: Twilio is a software and communications solutions company. It operates a cloud communications platform that enables developers to build, scale and handle customer engagement within software applications. Stock Market Value: $10.94B ($60.08 per share) Activist: Sachem Head Capital Management Percentage Ownership: 1.81% Average Cost: n/a Activist Commentary: Sachem Head was founded in 2013 by Scott Ferguson. He was the first investment professional hired at Pershing Square, where he worked for nine years. Sachem Head has a history of solid value investing, but we believe that the firm really found…
Author: insighter
The new Gucci store on Bond Street on 27th September 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Shares of French luxury group Kering sunk more than 9% at open on Wednesday, after the company warned that it expects a sharp downturn in first-half profits as a result of waning demand for its Gucci brand. The stock was trading down 8.9% by 8:15 a.m. London time. The group on Tuesday said that it anticipates a decline of 40% to 45% in first-half operating income, compared to the same period in 2023. It comes as Kering said group…
The Xiaomi SU7 on display at the Mobile World Congress 2024. Arjun Kharpal | CNBC BEIJING — Chinese smartphone company Xiaomi’s new electric vehicle is selling better than expected, putting it closer to break-even despite undercutting Tesla’s Model 3 on price. Xiaomi has received more than 70,000 orders for its electric SU7 sedan as of April 20, close to the company’s original full-year target for deliveries this year, CEO Lei Jun told investors Tuesday. The company now aims to deliver 100,000 of its new EV this year, he said. Xiaomi released the SU7 in late March with a price about…
Traveling with a family? It can take a lot to please the kids, especially if they have a particular diet or appetite. And business travelers frequently on the road may like to have more control over their diet and what they eat. Many hotel brands promote a hotel with kitchen as a brand hallmark. Loyalty programs can also help drive additional business if kitchenette hotels or even hotels with full kitchens are important factors in a successful hotel stay. Kitchens allow guests to prepare their own food and come with facilities like cooking and cleaning utensils, plates, full-sized refrigerators, ovens…
California could become the first state to transform backlash to services offering front-of-queue privileges into a law that targets TSA line-jumpers. The California Senate transportation committee is set to vote Tuesday on a bill seeking to bar Clear’s access to screening lanes at airports statewide. The for-profit fast-track security-screening company enjoyed an impressive stock market debut in 2021 under the banner of making travel “frictionless,” but the ride since then has gotten bumpier: Today it’s worth one-third of its peak value from two and half years ago—perhaps a sign of either consumers seeing less bang for their buck, or the…
When markets get rocky, dividend-paying stocks can give investors’ portfolios the cushioning they need to ride out volatile times. Finding the right dividend payers can be difficult, though. Investors can turn to the expertise of Wall Street analysts who can identify stocks with long-term growth potential and the ability to generate the solid cash flows needed to support continued dividends. Here are three attractive dividend stocks, according to Wall Street’s top experts on TipRanks, a platform that ranks analysts based on their past performance. OneMain Holdings This week’s first dividend pick is OneMain Holdings (OMF), a financial services company focused on the needs…
China can withstand any new tariffs the world throws at it—even the punitive ones Donald Trump is planning if he wins a second presidential term—because its prices are simply too competitive to resist. That’s the predominant view at this month’s Canton Fair. Many buyers and sellers at China’s biggest trade event, held in the southern city of Guangzhou, shrugged off the risk of an escalating trade war. “My customers told me even a 50% tariff won’t come close to driving them away,” said Jack Jin, who sells cargo-control tools and truck parts from southeast China. He says about half his…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Even as the IRS makes headlines for cracking down on the wealthy, state tax collectors have become even more aggressive with audits of high earners, according to tax attorneys and accountants. In New York, the tax department reported 771,000 audits in 2022 (the latest year available), up 56% from the previous year, according to the state Department of Taxation and Finance. At the same time, the number of…
A term conversion rider in life insurance is a feature that gives you the option to convert a term life policy into a permanent life policy without new medical underwriting. Some term life policies automatically include a conversion option. Others require you to pay extra for this life insurance rider, and some policies may not offer it at all. Term life insurance covers you for only a specific period of time, usually between 10 and 30 years. If you outlive the policy’s term, your coverage expires. Permanent life policies like whole life insurance often provide lifelong coverage, extending to a…
The agency claims that upwards of 29,000 new patents, on average, could be granted in the wake of its noncompete ban.
Hundreds of protestors including Google workers are gathered in front of Google’s San Francisco offices and shut down traffic at One Market Street block on Thursday evening, demanding an end to its work with the Israeli government, and to protest Israeli attacks on Gaza, in San Francisco, California, United States on December 14, 2023. Anadolu | Anadolu | Getty Images Office politics have always been a point of frustration for workers, but now it’s politics in the office that’s getting under the skin of many American workers. In an era during which more workers have felt emboldened to challenge bosses…
Beyoncé leaves the Luar fashion show at 154 Scott in Brooklyn during New York Fashion Week on Feb. 13, 2024. James Devaney | GC Images | Getty Images Western boots have a new protector in Beyoncé. The country fashion staple’s sales surged more than 20% in the week after the music superstar released her “Cowboy Carter” album, according to consumer behavior firm Circana. That can spell good news for companies making the iconic shoe, as well as other items that fit the same Wild West aesthetic. “Cowboy Carter,” which came out late last month, marked the “Halo” singer’s foray…