In a surprising move, Icahn Enterprises, the investment firm owned by renowned activist investor Carl Icahn, has decided to cut its quarterly payout by half. This decision comes just months after short-seller Hindenburg Research accused the company of operating a “Ponzi-like” structure to fund its dividends. As a result, the company’s shares took a 23% …
During a recent earnings presentation, SoftBank Founder Masayoshi Son (pictured here in 2019) stated that the company will adopt a “defense” strategy due to numerous challenges that have disrupted global markets. Tomohiro Ohsumi | Getty Images Softbank’s Vision Fund filed a lawsuit against the founders of one of its portfolio companies on Monday, accusing them …
As retail investors gain access to more sophisticated trading strategies, zero days-to-expiration options are emerging as an intriguing choice. The concept involves making a one-day bet on market trends, and CBOE Global Markets CEO Ed Tilly is at the forefront of this trend, with his company offering these options every weekday. Tilly explained, “Expressing short-term …
On The Money has learned that Dick Cashin, the head of One Equity Partners (OEP), is not only dealing with a Securities and Exchange Commission (SEC) investigation but also facing a lawsuit from a recently fired executive at the buyout firm. In an article by the WSJ, it was reported that OEP, which was previously …
The finance industry’s short-lived affair with “responsible” investing in the form of Environmental, Social, and Corporate Governance (ESG) is coming to an end. Investment managers, including BlackRock, are distancing themselves from ESG. BlackRock CEO Larry Fink announced at the Aspen Festival of Ideas that he will no longer be using the term “ESG,” which is …
Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets. It is also a leading financial service provider for advisors, a top asset manager for exchange-traded funds, and one of the largest banks. According to Michael Wong, the Director of North American Equity Research and …