Activist hedge fund Elliott Management has recently acquired a $1.9 billion stake in Southwest Airlines and is determined to drive leadership changes within the company. In a bold move, Elliott is advocating for the removal of CEO Bob Jordan and chair Gary Kelly, in favor of external candidates. The motive behind this push for change
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In a groundbreaking move, Moderna has unveiled the results of a late-stage trial for its combination vaccine that targets both Covid-19 and the flu. The biotech company’s innovative approach has shown promising results, surpassing the efficacy of existing standalone shots for these viruses. This development marks a significant milestone in the quest for more effective
In a recent survey conducted by BNY Mellon Wealth Management, it was found that family offices are increasingly shifting towards making direct investments in companies rather than relying solely on traditional investment vehicles. The survey revealed that a significant majority of family offices, numbering at 62%, made at least six direct investments in the past
In the world of luxury real estate, owning a piece of pop culture can come at a steep price. Iconic homes, with ties to celebrities or famous movies, are often considered collector’s items and can fetch a premium in the market. The allure of owning a property with a unique backstory is hard to quantify,
Investors are closely following the trajectory of interest rates and macroeconomic indicators to gauge the health of the U.S. economy. Concurrently, analysts are scrutinizing individual stocks in the market to identify options that can yield profitable returns in the long run. One of the top stock picks favored by Wall Street professionals is off-price retailer
In an effort to shake up the world of private equity investing, Forge Global’s CEO Kelly Rodriques has joined forces with Accuidity to introduce the Forge Accuidity Private Market Index. This collaboration aims to address the challenges faced by investors in accessing unicorns in a market where initial public offerings are faltering. Describing this initiative
The Covid-19 pandemic has significantly impacted the American economy, shedding light on the cracks and resilience within it. Among the various sectors affected, childcare emerged as a critical aspect as daycares closed, schools shifted to remote learning, and parents struggled to balance work and childcare responsibilities. Despite a return to baseline employment levels in the
The upcoming election season has brought attention to the trillions of dollars in expiring tax breaks from the Tax Cuts and Jobs Act of 2017 (TCJA). The fate of these tax provisions could significantly impact the taxes of most Americans after 2025, unless Congress decides to extend them. Both President Joe Biden and former President
Cricket, a sport that may not be as prevalent in the United States compared to other parts of the world, is experiencing a surge in interest thanks to the efforts of high-profile CEOs and investors. As the Men’s T20 Cricket World Cup makes its debut in the U.S., significant investments totaling nearly a billion dollars
In today’s competitive job market, many applicants are finding themselves facing tougher challenges when it comes to securing employment. However, despite the difficulties that come with prolonged unemployment, there may be a silver lining in the form of opportunities for tax planning. According to certified financial planner Jaime Quinones from Stockade Wealth Management, a temporary