Investing32m
Third Point discusses recent stake in Brookfield Corp.
Investing.com -- In the summer of 2024, Third Point, the hedge fund managed by Dan Loeb, acquired a new position in Brookfield Corp. The news was revealed in the hedge fund’s fourth quarter letter to ...
Investing46m
Third Point updates on PG&E holding following Southern California fire events
Investing.com -- In the recent fourth quarter letter to shareholders, Dan Loeb’s hedge fund, Third Point, shared an update on its holding of PG&E (NYSE: PCG) Corporation. Loeb expressed deep concern ...
Investing1h
Fiserv shares rise on strong fourth-quarter results
Shares of Fiserv (NYSE: FI) climbed 7% after the company reported fourth-quarter earnings and revenue that exceeded market expectations. The financial technology ...
Investing1h
Third Point hedge fund acquires stake in Siemens Energy
Investing.com -- Dan Loeb’s Third Point hedge fund has revealed the acquisition of a stake in Siemens (ETR: SIEGn) Energy in the third quarter of 2024. The company, a maker of gas turbines, electrical ...
Investing1h
Loeb’s Third Point hedge fund acquires stake in Live Nation Entertainment
Third Point, the hedge fund run by Dan Loeb, has revealed in a shareholder letter dated February 4, 2025, that it has invested in Live Nation Entertainment (NYSE:LYV) in the second quarter. The ...
Investing1h
ECB’s Centeno advocates for quicker interest rate drop and addresses potential U.S. tariffs - Reuters
ECB policymaker Mario Centeno expressed his hopes for a quicker drop in key interest rates to 2% this year, according to an interview on Wednesday with Reuters. Currently at 2.75%, Centeno, who is ...
Investing1h
NVIDIA stock soars as capex budgets swell and Blackwell ramps
NVIDIA (NASDAQ: NVDA) stock gained 3.5% Wednesday, bolstered by continued Capex spending boosts by hyperscalers and the ramping of its new Blackwell chip. On its conference call Tuesday evening, ...
Investing1h
Illinois Tool Works stock falls on Q4 revenue miss
For the full year 2024, Illinois Tool Works reported a revenue decrease of 1.3% to $15.9 billion, with organic growth down by 0.7% in markets that were down low to mid-single digits. However, the ...
Investing1h
Nvidia target cut at Citi as focus shifts to earnings
Investing.com -- Citi lowered its price target for Nvidia (NASDAQ: NVDA) from $175 to $163 ahead of the company’s upcoming ...
Investing1h
Idex stock falls following Q4 revenue miss, weak Q1 guidance
IDEX’s forward-looking statements indicate a cautious approach to the new fiscal year, with the company bracing for potential headwinds in its target markets. Investors reacted to the mixed results ...
Investing2h
Old Dominion Freight Line stock rises following earnings beat
Shares of Old Dominion Freight Line (NASDAQ: NASDAQ: ODFL) climbed 8% after the company reported fourth-quarter earnings that surpassed analyst expectations. The ...