Hindenburg also called out Jefferies, which it said was the only large investment bank to publish research on Icahn Enterprises - and also helps the company sell stock. (Hindenburg is betting that Icahn Enterprises’s shares will fall the company’s stock tumbled 20 percent on Tuesday.) “Icahn has been using money taken in from new investors to pay out dividends to old investors,” the firm wrote in a public report. Hindenburg also called out what it said was an unjustifiably hefty dividend being financed by stock sales.
The company trades well above its net asset value, unlike similar financial vehicles run by Bill Ackman and Dan Loeb. Unlike in the 1990s, late-night stars have publicly signaled support for the unions.īut Tuesday, his publicly traded company became a target of Hindenburg Research, the short-seller firm that has made its name in recent years by taking on the Indian tycoon Gautam Adani and the Twitter co-founder Jack Dorsey. “The Tonight Show Starring Jimmy Fallon” was a repeat on Tuesday, and new episodes of shows hosted by Stephen Colbert and Jimmy Kimmel have been suspended as movie and TV writers hit the picket lines. Late night shows go dark on the first day of a writers’ strike. His appearance may be a sign that the Republican presidential candidate, who hasn’t appeared on CNN since 2016, may be broadening his media profile beyond Fox News and other conservative channels. The former president is set to participate in a town-hall-style meeting on May 10 organized by the news network. The company benefited from a surge in sales there after Covid-19 restrictions were lifted however, Starbucks shares were down 5 percent in premarket trading after it kept its guidance for the second half of 2023 unchanged.ĭonald Trump ends a boycott of CNN. The coffee chain reported better-than-expected earnings for the first three months of the year, during which Mr. Howard Schultz’s final quarter is a success.
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