Seth Klarman’s Baupost Group bet big on Restaurant Brands International shares in the third quarter as the fast-food stock slipped. The billionaire hedge fund manager more than doubled his stake in the Burger King and Popeyes parent, regulatory fillings show. Restaurant Brands was the biggest holding in the Boston-based fund at just shy of $530 million, according to InsiderScore. Shares of the quick-service restaurant stock lost more than 3% in the three-month period, bucking the broader market’s uptrend with the S & P 500 gaining almost 8% in the same timeframe. Klarman is known for buying discarded and undervalued stocks…
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CNBC’s Eamon Javers with a defense report from the White House. Source link
Texas Gov. Greg Abbott and Alphabet and Google CEO Sundar Pichai arrive to speak at the Google Midlothian Data Center on Nov. 14, 2025 in Midlothian, Texas.Ron Jenkins | Getty ImagesAlphabet’s Google said on Friday it would invest $40 billion in three new data centers in Texas through 2027, as the company accelerates efforts to expand capacity for supporting its artificial intelligence ambitions.Technology giants, including Alphabet, Microsoft and Meta Platforms have been pouring unprecedented sums into infrastructure to secure computing power and energy capacity needed to sustain the AI boom.One of the data centers will be in Armstrong County, in the Texas panhandle, and the other two…
U.S. White House economic adviser Kevin Hassett speaks in front of a TV camera at the White House in Washington, D.C., U.S., November 13, 2025. Kevin Lamarque | ReutersBack pay owed to federal workers for the time they were furloughed during the government shutdown is expected to land in their bank accounts early next week, White House economic advisor Kevin Hassett said Thursday.”There really has been an aggressive effort to get people to get their checks as soon as possible,” Hassett told reporters, a day after President Donald Trump signed a short-term funding bill that allowed the government to reopen…
Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg | Bloomberg | Getty ImagesBritish government bond yields rose sharply on Friday following reports Finance Minister Rachel Reeves is no longer planning to raise income tax rates in the Autumn Budget later this month.The yield on the benchmark 10-year gilt initially rose around 13 basis points in early trade, but was last around 7 basis points higher at 4.51%. Yields on the long term 20- and 30-year gilts were last seen 8.5 and 9 basis points higher, respectively. Yields and prices move…
Anton Petrus | Moment | Getty ImagesGovini has fired Eric Gillespie from its board of directors after the founder was charged with attempting to solicit sexual contact with a minor online.”The actions of one depraved individual should not in any way diminish the hard work of the broader team and their commitment to the security of the United States of America,” the defense software startup said in a release late Wednesday.The company said the 57-year-old had no access to classified information since he stepped down as CEO nearly ten years ago.On Monday, the Pennsylvania Attorney General’s Office charged Gillespie with…
Walmart CEO Doug McMillon is retiring early next year, after overseeing the top U.S. retailer’s transformation into an e-commerce behemoth, the company said Friday in a filing.The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1, according to the filing.McMillon, who stepped into the top role at Walmart in February 2014, will officially retire as of Jan. 31. He will continue to serve as an executive officer of the company and be employed by Walmart as an advisor through Jan. 31, 2027.Furner, 51, has been the CEO of Walmart’s U.S. business since 2019. In…
Representation of Bitcoin cryptocurrency in this illustration taken Sept. 10, 2025. Dado Ruvic | ReutersBitcoin dipped below $95,000 on Friday, pushing the world’s oldest cryptocurrency further into the red and continuing its four-day decline amid a broader artificial intelligence-linked stock pullback.The digital asset hit $94,491.22 early Friday, marking its lowest level since May 7. Bitcoin is down nearly 9% week to date, despite briefly reclaiming $107,000 at one point on Tuesday and then rolling over.The token was last trading at $97,163.99, or 1% lower on the day, as it regained some of its morning losses.The largest crypto by market capitalization…
David Einhorn’s Greenlight Capital poured money into PG & E and other consumer-facing stocks in the third quarter, while also reducing some technology exposure. The hedge fund manager built out a stake worth nearly $100 million in California-based utility PG & E during the three months ended Sept. 30, regulatory fillings show, making it the seventh-largest holding in the hedge fund, according to InsiderScore. Einhorn dove into PG & E as it rebounded after selling off 31% in the first half of the year in the wake of the deadly Los Angeles-area wildfires in January. Shares rose more than 8%…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJared Holz, Mizuho, joins ‘Fast Money’ to talk the uptick in biotech and pharma M&A, what it is signaling, and how to play it.05:29Fri, Nov 14 20255:58 PM EST Source link
