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Billionaire investor Bill Ackman has made a hefty investment in Amazon.com Inc. (NASDAQ:AMZN), pouring in more than $1.27 billion within a span of three months.What Happened: Ackman’s firm, Pershing Square Capital Management, accumulated 5,823,316 shares of Amazon, which accounts for nearly 10% of the firm’s $13.7 billion total assets under management, as revealed in the […]
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New On The BlockFrancisco Partners is reportedly testing the waters for a multibillion-dollar sale of BeyondTrust Software. This Georgia-based cybersecurity firm has about $500 million in annual recurring revenue and could command a price anywhere from five to 20 times sales. The sale process is still in its early days. Bloomberg expects strong interest from […]
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Concerned about your child’s career in an AI world? Governor Gavin Newsom is rolling out free, Big Tech–backed AI curricula across high schools, community colleges and the California State University system, in partnership with Alphabet Inc. (NASDAQ:GOOGL), Adobe Inc. (NASDAQ:ADBE), International Business Machines Corp. (NYSE:IBM) and Microsoft Corp. (NASDAQ:MSFT).On Aug. 7 in San Francisco, Newsom […]
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Billionaire Elon Musk is a self-proclaimed man of many hats, leading several companies with titles like chairman, CEO and founder.A recent Benzinga reader survey revealed which of the companies Musk leads would be the favorite for investors if they had access to all his companies, both public and private.What Happened: Musk is best known as […]
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The world of autonomous driving is rapidly approaching a key moment: Tesla Inc (NASDAQ:TSLA) is set to hold its Robotaxi event on Oct. 10.What Happened: The Austin, Texas-based car manufacturer is gearing up to make yet another bold move, despite divided public opinion on driverless technology. Nearly 63% of American adults would not ride in […]
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Veteran Wall Street investor Ed Yardeni challenged fears of a U.S. recession on Monday, opposing the prevailing market sentiment that unsettled global equities.“A weak July employment report does not make a recession,” wrote Ed Yardeni, president of Yardeni Research, in a morning note published ahead of the stronger-than-expected ISM Services PMI report. Yardeni argues that […]
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