Tag:

Capital

Billionaire Bill Ackman bets on Microsoft, citing 'compelling' valuation

Microsoft has attracted a new investment from billionaire investor Bill Ackman’s hedge fund, Pershing Square Capital Management, which plans to disclose a fresh stake in the tech giant, according to comments made on Friday.

15 May 2026-14:05
Why did Mercedes-Benz sell its Berlin dealerships?

Mercedes-Benz has reportedly sold all of its showrooms and dealership branches in Berlin to Canadian businessman Kuldip Billan, head of Alpha Auto Group.

13 May 2026-20:35
Blue Owl technology debt fund made $133 mln on SpaceX stake

Blue Owl Capital said on Thursday that its publicly traded technology focused private credit fund, Blue Owl Technology Finance Corp, generated proceeds of $133 million from the sale of a stake in SpaceX.

07 May 2026-20:21
Heavy rains kill at least six in Brazil

Heavy rains that hit northeastern Brazil over the last 48 hours have killed at least six people and displaced thousands ‌in the states of Pernambuco and Paraiba, the federal government said in a statement on Saturday.

02 May 2026-22:00
Dividing lines emerge over Iran’s record internet blackout

A record two-month internet blackout has become a central point of contention between Iran’s civilian government and its powerful security apparatus, led by the Islamic Revolutionary Guard Corps (IRGC).

01 May 2026-16:16
Nigeria's commercial capital Lagos bets on local power as grid falters

Lagos is betting ‌that Nigeria's chronic electricity shortages can be addressed outside the national grid, scaling up state-backed power generation and distribution after securing 400 megawatts of new supply, the state's energy commissioner said.

28 Apr 2026-20:34
Snap cuts 16% of workforce as AI adoption drives cost reductions

The tech firm behind social network Snapchat cut 1,000 jobs on Wednesday, saying AI is boosting efficiency as it strives to be profitable.

16 Apr 2026-09:47
Trump White House ballroom plan approved by planning body despite legal challenge

US President Donald Trump has secured approval from federal planners for his proposed White House ballroom, even as legal questions remain over whether the project can proceed without congressional consent.

02 Apr 2026-20:57
Goldman Sachs boosts ETF assets to $90B

Goldman Sachs has completed its $2 billion acquisition of Innovator Capital Management, significantly expanding its footprint in one of the fastest-growing areas of asset management — active exchange-traded funds (ETFs).

02 Apr 2026-15:10
SpaceX IPO buzz lifts aerospace shares on spillover bets

Anticipation surrounding a potential stock market debut by SpaceX has triggered a broad rally in aerospace and space-related stocks, as investors bet the listing could boost the entire sector.

01 Apr 2026-23:17