At Friday’s price of $21.36, they’re off around 5% since his Dec. 6 critique, while many other real-estate investment trusts have risen by a like percentage in celebration of easing interest rates. Block’s claim that the Blackstone trust will cut its dividend by half—as its borrowers struggle to refinance at higher rates—has stirred the hornet’s
Erik ten Hag insists Jim Ratcliffe wants to work with him even though he is yet to speak to the British billionaire as he prepares to take control of football operations at troubled Manchester United. Ratcliffe’s INEOS group finally agreed a deal to buy a 25 per cent stake in United on Christmas Eve. INEOS
The number of shorted shares has grown 23% since the end of 2020, but that doesn’t mean traders are getting more bearish about the market. Thanks to an array of initial public offerings and stock splits, the total number of stock shares has ballooned since the end of 2020—which means the relative short interest has
Warren Buffett, so the legend goes, reads some 500 pages a day. While you might not make it quite that far over the festive break, we hope you get a bit of time to catch up on your favourite titles. Here, Financial News runs through some of the best books we’ve read this year. Isn’t private
Published: Dec. 27, 2023 at 12:00 p.m. ET By Adriano Marchese Stocks in Toronto were solidly higher in the first trading day in the shortened week following Christmas Day and Boxing Day in Canada. Nearly all sectors were driving the increase in the session, led primarily by health tech, process industries and materials. Consumer durables
Coinbase Global and MicroStrategy were leading a raft of cryptocurrency-related stocks higher on Wednesday. The companies were among those being boosted by Bitcoin’s rally and MicroStrategy pouring more money into the asset. Coinbase shares were up 6.1% at $182.53. The cryptocurrency exchange is trading at its highest levels since early 2022 and has outpaced the
Bitcoin and other cryptocurrencies were mixed Wednesday as traders took stock of the recent rally, and appeared to be waiting for more catalysts ahead of expected regulatory approval of exchange-traded funds that hold Bitcoin. Bitcoin has traded up 0.4% over the last 24 hours to $42,726. The largest cryptocurrency has largely traded in a range
Published: Dec. 26, 2023 at 6:11 p.m. ET By Ben Glickman Life Time Group Holdings and Robert Houghton, the company’s finance chief, have agreed that he would resign. The Chanhassen, Minn.-based company said in a regulatory filing Tuesday that Senior Vice President and Controller Erik Weaver would take on the additional position of interim finance