Activist Meister eyes up another possible conglomerate break-up to unlock value

Activist Meister eyes up another possible conglomerate break-up to unlock value

Keith Meister, founder and chief investment officer at Corvex Management LP. Brendan McDermid | Reuters Company: MDU Resources Group Inc. (MDU) MDU Resources is a regulated energy delivery and construction materials and services business. The company is organized into the following four business segments: (i) utilities: electric and natural gas distribution, (ii) pipeline, (iii) construction … Read more

5 things to know before the stock market opens Friday, August 12

5 things to know before the stock market opens Friday, August 12

Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Markets looking up US stock futures pointed to a rally Friday morning, a day after the three major indexes posted mixed results. On Thursday, the Dow finished … Read more

Rivian, Teladoc, Bed Bath & Beyond, Walmart

Rivian, Teladoc, Bed Bath & Beyond, Walmart

Here are Friday’s biggest calls on Wall Street: DA Davidson initiates Teladoc as buy DA Davidson said it sees upside for the telehealth company. “COVID created unprecedented tailwinds for the market, which turned into headwinds; we believe we are now at stable to growing penetration rates for telehealth, and that Teladoc is well-positioned to continue … Read more

How to get your old job back

How to get your old job back

Despite some indications of an economic slowdown, the job market remains remarkably stable, and many workers have reaped the benefits. In fact, a record number of employees quit their jobs, found new positions and renegotiated along the way. But not everyone who joined the so-called Great Reshuffle is better off. More than a quarter — … Read more

‘Forget the past three years’

‘Forget the past three years’

Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year. The firehose of money from venture capital firms, hedge funds and wealthy families pouring into seed-stage companies was … Read more

The inflation argument calling another good decade for tech investing

The inflation argument calling another good decade for tech investing

TuSimple, partly owned by UPS, makes self-driving trucks, a technology that may be among the innovations to help lower longer-run inflation in the transport sector. Source: TuSimple As inflation keeps flirting with 40-year highs, we know what the Fed is doing to fight back: raise interest rates. But what can businesses do to fight back … Read more

5 things to know before the stock market opens Thursday, August 11

5 things to know before the stock market opens Thursday, August 11

Traders on the floor of the NYSE, Aug. 8, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stock futures are up US markets on Thursday were set to rise again after a government report showing that inflation is cooling fueled by a Wednesday rally. … Read more

5 things to know before the stock market opens Tuesday, August 9

5 things to know before the stock market opens Tuesday, August 9

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, August 8, 2022. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures mixed US equities markets were poised for a subdued open Tuesday morning, a day … Read more

Inflation could push Fed into August rate hike

Inflation could push Fed into August rate hike

CNBC’s Jim Cramer on Monday said the Federal Reserve could raise interest rates in August, before its next scheduled meeting in September, if this week’s economic data shows that inflation isn’t abating. “The Fed is still in charge of this market. A week ago, it looked like they might ease up, but after Friday’s red-hot … Read more

5 things to know before the stock market opens Monday, August 8

5 things to know before the stock market opens Monday, August 8

A trader works on the floor at the New York Stock Exchange (NYSE), New York, August 3, 2022. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. Stocks look for momentum US equity markets were on track to open higher Monday morning after three … Read more