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☆ Billionaire investor Carl Icahn is reportedly betting big that GameStop shares will fall
▼ + stars: | 2022-11-22 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Investing legend Carl Icahn holds a sizable short position in GameStop, according to Bloomberg. Icahn reportedly started building the position in January 2021 as retail investors piled into meme stocks. GameStop shares were close to their all-time high of $483 when Icahn first shorted the stock, Bloomberg said. GameStop stock has lost 79% of its value since the meme stock frenzy, once the four-for-one stock split the video-game retailer executed in July is accounted for. Icahn has never previously disclosed a bet against meme stocks, but the billionaire investor slammed the fact that many were trading at "ridiculous prices" in May 2021.

☆ Carl Icahn has reportedly made a boatload betting against GameStop and is still short
▼ + stars: | 2022-11-22 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Activist investor Carl Icahn has reportedly made a successful short bet against meme stock GameStop , and still owns a large bearish position in the struggling retailer. Icahn began building the short position at the height of the meme stock mania in 2021 when GameStop hit a peak of $483 a share, Bloomberg News reported, citing sources familiar with the matter. The investor has increased his bet from time to time and is still short the stock, Bloomberg reported. Icahn said he holds the belief that inflation is here to stay for the long term, pressured by structural wage increases. Sophisticated investors like Icahn can buy and short derivatives tied to the index.

☆ Meme-stock billionaire Ryan Cohen explains why he bet on GameStop and dumped Bed Bath & Beyond in a new interview. Here are the 10 best quotes.
▼ + stars: | 2022-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Ryan Cohen reflected on his GameStop bet and explained his sudden sale of Bed Bath & Beyond stock. Chewy's billionaire cofounder emphasized the impact of higher interest rates on investors. "Higher interest rates are a game changer. "Before, you had 0% interest rates so there really was no discount rate, and there really wasn't much of a difference between long-term cash flows and short-term cash flows. Now you have a real discount rate, you've got the 10-year Treasury north of 4%, so the value of short-term cash flows is much greater than long-term cash flows."

☆ Carl Icahn holds short position in GameStop - Bloomberg News
▼ + stars: | 2022-11-21 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

(Reuters) - Activist investor Carl Icahn has a sizeable short position in video game retailer GameStop Corp, Bloomberg News reported on Monday, citing sources familiar with the matter. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. Icahn began shorting the stock around January 2021, the report added but did not provide details of the size of Icahn’s position. Short interest in GameStop’s stock is very high, with 17.53% of the company’s outstanding shares shorted as of Oct. 31, according to Refinitiv data. The retailer executed a four-for-one stock split this year, the stock rose a split-adjusted high of over $120 in Jan. 2021.

☆ Carl Icahn, David Einhorn, and Dan Loeb bet big on Elon Musk ultimately buying Twitter - and likely raked in profits when the deal closed
▼ + stars: | 2022-11-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Carl Icahn, Dan Loeb, and David Einhorn built sizeable stakes in Twitter last quarter. Icahn and his team amassed 12.5 million Twitter shares, valued at $549 million on September 30. Similarly, Einhorn's Greenlight Capital scooped up 4.3 million shares, worth $188 million at the end of last quarter. It snapped up 5.5 million shares worth $241 million on September 30. It also purchased bullish call options on 34,000 shares, and bearish put options on 1.1 million shares.

☆ Carl Icahn warns inflation isn't over - and reveals he was building an activist stake in Twitter before Elon Musk's takeover
▼ + stars: | 2022-11-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Carl Icahn brushed off Thursday's stock surge, warning inflation remains a grave concern. Icahn revealed he was building an activist stake in Twitter before Elon Musk came along. He also teased a past bet against cryptocurrencies, and revealed he was planning to launch an activist campaign against Twitter before Elon Musk stepped into the picture. "I was really happy that Musk came along," Icahn said. Icahn might have even joined Musk's bid for the company, but he never received an invite, he noted.

☆ Three massive market overhangs have started moving in a positive direction for investors in 24 hours
▼ + stars: | 2022-11-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Three macro issues have dominated the stock market in the last six months: the Fed and inflation, Covid-19 lockdowns in China and the Russian invasion of Ukraine. In the last 24 hours, all three have moved in a manner beneficial to markets. Overnight, we got word that China was beginning to ease its Covid restrictions. And now there's word that the Russians are retreating from the strategically important Ukrainian regional capital of Kherson. Here's the point: investors have been taking down earnings estimates for months, especially in the growth sectors of technology and communication services.

☆ Watch CNBC’s full interview with Icahn Enterprises' Carl Icahn
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Icahn Enterprises' Carl IcahnCarl Icahn, Icahn Enterprises chairman, joins 'Closing Bell: Overtime' to discuss the market rally amid a lower-than-expected CPI report and explains why he's still bearish on the market.

☆ Carl Icahn says he still thinks we are in a bear market despite Thursday's rally
▼ + stars: | 2022-11-10 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Famed investor Carl Icahn said Thursday's relief rally didn't change his negative view on the market, and he believes a recession is still on the horizon. A rally like this is of course very dramatic to say the least... but I still think we are in a bear market." The S&P 500 jumped 5.5% in its biggest rally since April 2020. Big bear-market rallies occur often because of the large short interest built up in the downturn, Icahn said. "We are going to have more wage inflation.

☆ Carl Icahn snaps up shares of canning giant Crown. Here’s how he may build value
▼ + stars: | 2022-11-05 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Business: Crown Holdings is a worldwide leader in the design, manufacture and sale of packaging products for consumer goods and industrial products. Activist Commentary: Carl Icahn is the grandfather of shareholder activism and a true pioneer of the strategy. The opportunity to create shareholder value here is relatively simple: sell non-core businesses, buy back shares and focus on the pure-play beverage business. The company announced its acquisition of Signode, a transit packaging business, for $3.9 billion in 2017, and might be reluctant to sell it for less than that now. There is more value in how they use those proceeds (i.e., buying back stock in an undervalued, growing business).

☆ Carl Icahn Has More Than 8% Stake in Beverage-Can Maker Crown Holdings
▼ + stars: | 2022-11-03 | by ( Cara Lombardo | Lauren Thomas | ) www.wsj.com time to read: 1 min

Billionaire activist investor Carl Icahn has a stake worth about $700 million in Crown Holdings, making him the second-largest shareholder. Carl Icahn has a sizable stake in Crown Holdings Inc. and believes the beverage-can maker should shed noncore units and buy back more stock, according to people familiar with the matter. The billionaire activist investor has a stake worth about $700 million, making him the company’s second-largest holder, the people said.

☆ Carl Icahn owns over 8% stake in beverage-can maker Crown Holdings -WSJ
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - Carl Icahn has a more than 8% stake in Crown Holdings Inc (CCK.N), the Wall Street Journal reported on Wednesday, adding that the activist investor believes the beverage-can maker should shed non-core units and buy back more stock. The billionaire has a stake worth about $700 million, which makes him the company's second-largest holder, the report said, citing people familiar with the matter. The company's existing market value is about $8.09 billion, according to Refinitiv data. Carl Icahn and Crown Holdings did not immediately respond to Reuters' requests for comment. Reporting by Baranjot Kaur in Bengaluru; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ Should you follow Carl Icahn into his next big move? Deutsche Bank sees possible 45% gain
▼ + stars: | 2022-11-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Activist investor Carl Icahn reportedly took a sizable stake in beverage-can maker Crown Holdings , and Deutsche Bank thinks investors should follow suit as the firm sees a 45% upside in the stock. Icahn has amassed an 8% stake in Crown, making the investor the second largest shareholder, the Wall Street Journal reported Wednesday night. "Our analysis regarding the sale of assets outside of the beverage can business points to 45% upside versus the current share price." Deutsche Bank has a buy rating on Crown and set its 12-month price target at $90. Still, the Wall Street firm cautioned that the current capital market environment would likely cause some challenges to this strategy and make finding buyers at reasonable valuations difficult.

☆ Stocks making the biggest moves premarket: Restaurant Brands, Under Armour, Peloton and more
▼ + stars: | 2022-11-03 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell:Restaurant Brands (QSR) – The parent of Burger King, Tim Hortons and Popeyes saw its stock rally 4% in premarket trading after the company reported better-than-expected quarterly results. Under Armour (UAA) – Under Armour jumped 4.2% in premarket action after the apparel maker reported better-than-expected earnings for its latest quarter, along with revenue that was roughly in line with Street forecasts. The chip maker also reported quarterly revenue and profit that were in line with Wall Street forecasts. The forecast is weighing on shares despite Roku reporting better-than-expected revenue and a larger-than-expected number of active accounts. eBay (EBAY) – eBay surged 6.7% in premarket trading after the e-commerce company reported better-than-expected results for its latest quarter, boosted by sales of refurbished goods and luxury offerings.

☆ Stocks making the biggest moves midday: Under Armour, Robinhood, Peloton, Lincoln National and more
▼ + stars: | 2022-11-03 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The real estate tech company reported earnings of 38 cents per share on revenue of $483 million. Robinhood — Shares of the trading app soared 9.7% after the company reported a smaller-than-expected quarterly loss as well as revenue that topped analyst forecasts. Lincoln National — Shares dropped 33% after Lincoln National missed earnings per share expectations in its third quarter, despite surprising to the upside on its sales forecast. The company reported adjusted earnings per share of $3.13, in line with Wall Street expectations. Otherwise, the company reported a strong third-quarter earnings report, beating on the top and bottom lines.

☆ Xerox shares slide as annual revenue, cash flow forecasts take a hit
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Xerox Holdings Inc's (XRX.O) shares plunged about 25% to 13-year lows on Tuesday after the photocopy maker slashed its annual revenue and cash flow forecasts, blaming a stronger dollar and a slower-than-expected recovery in global supply chains. Xerox on Tuesday lowered its 2022 revenue forecast to between $7 billion and $7.1 billion, compared to its previous forecast of at least $7.1 billion, reflecting a weaker euro and British pound. The company, whose largest shareholder is activist investor Carl Icahn, cut its annual free cash flow (FCF) forecast to at least $125 million from about $400 million. The reduction is partly due to persistently high inflation and slower-than-expected supply chain improvements, Xerox said. Third-quarter revenue of $1.75 billion fell short of analysts' estimate of $1.77 billion, according to Refinitiv data.

☆ Tesla’s Apple-sized goals have cash risks
▼ + stars: | 2022-10-19 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

Returning cash to shareholders only works if the Austin, Texas-based company's Apple-sized (AAPL.O) dreams become reality. Tesla’s 17% operating margin beats the gas-guzzler businesses of rivals Ford Motor (F.N) and General Motors (GM.N) — whose EVs are less profitable still. Investors like David Einhorn and Carl Icahn demanded it use its cash pile to buy back sagging shares, and that bet paid off. But Apple started 2013 with $137 billion in cash and marketable securities; Tesla has $21 billion. Tesla delivered 343,830 cars in the quarter, up 42% year-over-year but 6% below the number of cars it manufactured.

☆ Everything you want to know as OPEC+ agrees to cut oil production
▼ + stars: | 2022-10-06 | by ( Hallam Bullock | ) www.businessinsider.com time to read: +7 min

OPEC+ agreed to cut production. But the group — which includes Saudi Arabia, the United Arab Emirates, and Russia — agreed Wednesday to slash daily oil production by 2 million barrels, in a bid to send crude prices higher. But OPEC+ defended their decision, saying it was in response to "uncertainty that surrounds the global economic and oil market outlooks." At a news conference after the meeting, the Saudi energy minister added: "We would rather be pre-emptive than be sorry," the New York Times reports. The country's deputy prime minister, Alexander Novak, said the EU's plan could lead to Russia temporarily cutting oil production further — a move that would see crude prices rise, and gasoline follow.

☆ I binge-listened to tech podcasts for a week, and what I learned about Silicon Valley is kind of scary
▼ + stars: | 2022-10-04 | by ( Adam Rogers | ) www.businessinsider.com time to read: +19 min

2: The hosts don't know what they don't knowThe problem is, VC podcasts don't stick to the core issues of venture capital. 3: The hosts want us to believe what they don't knowThere's a shocking amount of this kind of drivel on the tech podcasts. This is what a good tech podcast should do: Use access to the best and most successful investors and innovators to illuminate the way Silicon Valley works. But that's not what matters in the world of tech podcasts. But after 40 hours of listening to tech podcasts, I feel kind of bad about it.

☆ Wall Street's most highly regarded titans are warning 'the worst is yet to come' for stocks. Here's why people like Ray Dalio, Jeremy Grantham, Carl Icahn, and Scott Minerd are bearish on the market's
▼ + stars: | 2022-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Ray Dalio, Carl Icahn, Scott Minerd, and Jeremy Grantham all warned in recent days of more downside. In recent days, a number of them — including Ray Dalio, Jeremy Grantham, Scott Minerd, and Carl Icahn — have warned that further downside is coming. Ray Dalio, founder of Bridgewater AssociatesRay Dalio at the MarketWatch Best New Ideas in Money Festival in New York on September 21, 2022. Carl Icahn, founder of Icahn Enterprisesvia CNBCIcahn also pointed out this week that it's a generally bad environment for economic growth and investors with the Fed tightening, which he supports. "I think it's going to be worse before it gets better," Icahn said at the MarketWatch Best New Ideas in Money Festival on Wednesday.

☆ Billionaire investor Carl Icahn warns the US economy has tough days ahead - and blames the Fed for painful inflation
▼ + stars: | 2022-09-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Carl Icahn warned that worse days lie ahead for the US economy. The billionaire investor blamed the Fed's easy-money policies for painful inflation. Icahn said he sees plenty of bargains in markets today, and he expects more deals to emerge. Icahn raised the alarm earlier this year on several of the key issues now plaguing financial markets and the economy. Read more: 'Don't just buy the dip': How to adjust your portfolio to benefit from the Fed's rate hikes and rising inflation, according to 3 investing experts

According to the complaint, he was the first Black executive employee at AAMCO, a 60-year-old franchise business with nearly 600 automotive centers across North America. Hastings GroupBut in 2021, Staley said, he learned from another executive that his salary of $100,000 plus bonuses was almost $40,000 less than the other vice presidents. He raised concerns of “disparate treatment in compensation” to those above him, including to CEO James Gregory. Gregory told Mr. Staley that he was ‘disappointed’ in Mr. Staley for complaining of race discrimination and responded to Mr. Staley’s complaint by saying: ‘you make enough,’” according to the suit, which was filed in U.S. District Court for the Eastern District of Pennsylvania. Staley has since given up his attempt to become a co-franchisee and is now employed with Public Storage’s corporate offices.

☆ Jeff Bezos, Elon Musk, Warren Buffett şi alţi miliardari plătesc impozite infime faţă de creşterea înregistrată de averile lor
▼ + stars: | 2021-06-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +4 min

Articolul arată că averile a celor mai bogaţi 25 de americani au crescut, cumulat, cu 401 miliarde de dolari în perioada 2014-2018. ProPublica a subliniat că miliardarii, spre deosebire de majoritatea celorlalţi oameni ale căror câştiguri provin din venituri salariale convenţionale, beneficiază adesea de ”strategii de evitare a impozitelor care nu sunt la îndemâna oamenilor obişnuiţi”. Venitul impozabil real al lui Bezos în acea perioadă a fost de 4,22 miliarde de dolari, se arată în raport. În 2007, Bezos ”nu a plătit niciun ban în impozitele pe venit federale” şi, de asemenea, a evitat orice obligaţie federală de impozit pe venit în 2011. A doua cea mai bogată persoană din lume, CEO-ul Tesla, Elon Musk, a plătit o rată de impozitare reală de 3,27%, sau 455 milioane dolari, pentru o creştere a averii de 13,9 miliarde dolari, arată ProPublica.

Persons: Jeff Bezos, Warren Buffett, Carl Icahn, Michael Bloomberg, George Soros, ProPublica, Buffett, Berkshire Hathaway, Bezos, Tesla, Icahn Organizations: Amazon, Soros Locations: american, Berkshire, New York

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