How Elliott’s monthslong Starbucks campaign got it a better deal than it asked for
Elliott’s biggest win this year may be at Starbucks, beginning with private discussions and ending with a CEO change that investors and activists cheered.
Warren Buffett’s Berkshire Hathaway builds new stakes in Ulta Beauty, Heico
Warren Buffett’s holding company took small stakes in beauty retailer Ulta Beauty as well as electronics and aerospace firm Heico last quarter.
WHO declares mpox a global public health emergency for second time in two years
Mpox can spread through close contact. Usually mild, it is fatal in rare cases. It causes flu-like symptoms and pus-filled lesions on the body.
A U.S. construction boom is sending rents lower and creating perks for renters
Newly built apartment buildings are helping increase the supply of available rental units in some parts of the country. The result? Price cuts and added perks.
Michael Burry of ‘The Big Short’ fame made Chinese internet companies his top bets last quarter
Michael Burry, known for calling the subprime mortgage crisis, completely revamped his portfolio last quarter.
Inflation reports clear way for Fed to cut, but how much is still the question
Markets now expect a better chance for a quarter percentage point cut in September, but are still leaving the door open.
Philippe Laffont’s Coatue entered into Paramount last quarter amid weakness
The firm opened a position worth more than $38 million in the legacy media company.
Europe markets close higher; UK inflation rises less than expected; UBS up 5.3%
European stocks closed higher Wednesday as investors in the region assessed key inflation prints from the U.S. and U.K.
Wizz Air launches $550 ‘all you can fly’ annual subscription pass
Travelers in Europe can now take unlimited flights for 499 euros ($550) a year under a new travel subscription service from budget carrier Wizz Air.
Britain considers tougher internet safety laws after riots, Musk comments — what you need to know
The U.K. is considering ways to toughen up internet safety regulations after far-right riots sparked by misinformation and incendiary comments from Elon Musk.
