In a bold move, activist investor Starboard Value has set its sights on breaking News Corp’s dual-class share structure. This strategic maneuver is a direct challenge to the Murdoch family’s long-standing control over the media conglomerate. The dual-class share structure has, until now, allowed media mogul Rupert Murdoch to wield significant influence over around 40%
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Consumers looking to save money while shopping online should pay extra attention to Fridays, according to a study by SimplyCodes. The research, which analyzed coupon release patterns from 30,000 merchants, found that the majority of coupons are released between Wednesday and Friday. However, Friday stands out as the day with the highest number of coupons
Back in 1916, newspapers around the United States were abuzz with news of the world’s first billionaire. It was a milestone that seemed unattainable until Standard Oil’s share price soared to $2,014, making John D. Rockefeller a likely candidate for billionaire status. Fast forward to the present day, and the world is now fixated on
The real estate market is experiencing a shift as the supply of homes for sale is increasing rapidly. According to a report from Realtor.com, active listings in August were up by 36% compared to the same time last year. This marks the 10th consecutive month of annual growth. Despite this positive trend, supply remains 26%
The Green Bay Packers stand out among National Football League teams due to their ownership structure that resembles a publicly traded company. With a valuation of $6.3 billion, the Packers are the 12th most valuable franchise in the NFL. However, what truly sets them apart is the fact that they are the only publicly owned
China’s policymakers face a critical challenge in boosting domestic demand, according to Yi Gang, former head of the People’s Bank of China. Yi emphasized the importance of fighting deflationary pressure and improving domestic demand to stimulate economic growth. He highlighted the need to address issues in the real estate market and local government debt to
Vice President Kamala Harris has recently stirred up controversy with her economic agenda, particularly when it comes to taxing wealthy Americans and corporations. Advocating for higher taxes on the rich, she has endorsed President Joe Biden’s proposal for a 25% minimum tax on total income, which includes “unrealized gains” exceeding $100 million. This so-called billionaire
CNBC has recently released its first ever Official NFL Team Valuations, ranking professional football teams based on their overall franchise value. This ranking, compiled by CNBC senior sports reporter Michael Ozanian, takes into account factors such as revenue, profit, and debt to provide an overview of the financial health of the 32 clubs in the
Volvo Cars, the Swedish automaker majority-owned by China’s Geely Holding, recently announced a revision to its margin and revenue targets. The company has adjusted its 2026 EBIT margin goal to 7-8%, down from the previous target of “above 8%.” This decision was influenced by the increased complexity of global trade and tariffs, which have presented
The landscape for buy-to-let landlords in London is shifting dramatically as tax hikes loom on the horizon. Data from property portal Rightmove revealed that 29% of homes currently for sale in the capital were previously rented out. This spike is part of a larger trend, with 18% of all nationwide listings being former rental properties,