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Ackman unveils six new investments including Netflix, Visa, Mastercard in portfolio overhaul

Ackman unveils six new investments including Netflix, Visa, Mastercard in portfolio overhaul

By Svea Herbst-Bayliss NEW YORK, Aug 13 (Reuters) - Bill Ackman unveiled six new holdings, including Netflix, Visa and Mastercard, marking the billionaire investor's biggest portfolio overhaul in years.
Reuters Reuters
Ackman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years

Ackman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years

By Svea Herbst-Bayliss NEW YORK, Aug 13 (Reuters) - Bill Ackman unveiled six new holdings including Netflix, Visa and Mastercard, marking the billionaire investor's biggest portfolio overhaul in years.
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Mighty Norway wealth fund warns of erosion in shareholder rights

Mighty Norway wealth fund warns of erosion in shareholder rights

By Gwladys Fouche ARENDAL, Norway, Aug 13 (Reuters) - Norway's $2.3 trillion sovereign wealth fund is raising concerns about what it sees as a steady erosion of shareholder rights across major markets, warning that regulations increasingly favour company founders and insiders over independent
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Vertical Data Secures $4.12 Million in Private Placement to Boost AI Infrastructure

Vertical Data Secures $4.12 Million in Private Placement to Boost AI Infrastructure

Vertical Data Secures $4.12 Million in Private Placement to Boost AI Infrastructure
SB Nation SB Nation
From a gifted ring to twin federal investigations

From a gifted ring to twin federal investigations

There are two active federal investigations into two insurance companies controlled by Dodgers owner Mark Walter.
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Congressman Ritchie Torres Calls for SEC Investigation into Truth API's Market Impact

Congressman Ritchie Torres Calls for SEC Investigation into Truth API's Market Impact

Democratic Congressman Ritchie Torres from New York has formally petitioned the Securities and Exchange Commission (SEC) to investigate the Truth API, a service offered by the Trump Media & Technology Group. This service provides high-frequency trading firms with early access to President Trump's social media posts for a fee ranging from $60,000 to $100,000 per month. The service has been criticized for creating an information asymmetry in the market, as it allows certain firms to act on presidential announcements before the general public. The Intercept and the Freedom of the Press Foundation have filed a lawsuit to prevent the exclusive dissemination of government information through this platform, arguing it violates the First and Fifth Amendments by restricting equal public access and favoring wealthy entities.
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Corporate Gift Etiquette and Tax Rules: Navigating Compliance in the U.S.

Corporate Gift Etiquette and Tax Rules: Navigating Compliance in the U.S.

Corporate Gift Etiquette and Tax Rules: Navigating Compliance in the U.S.
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Treasury Wine shares notch 8-month closing high on stable earnings outlook

Treasury Wine shares notch 8-month closing high on stable earnings outlook

By Roshan Thomas and Nikita Maria Jino Aug 13 (Reuters) - Treasury Wine Estates said on Thursday it expects annual operating earnings to be at least in line with the previous financial year after a 36% drop in 2026, easing investor concerns and helping its shares close higher after early losses.
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SEC Establishes FRAU to Enhance Accounting Enforcement

SEC Establishes FRAU to Enhance Accounting Enforcement

SEC Establishes FRAU to Enhance Accounting Enforcement
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US auto loans hit record high in second quarter, New York Fed says

US auto loans hit record high in second quarter, New York Fed says

By Howard Schneider WASHINGTON, Aug 11 (Reuters) - U.S. consumers took out a record amount in auto loans in the second quarter and boosted their credit card and home equity balances as well, the New York Fed said in its latest household debt and credit report on Tuesday.
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Trump administration finalizes ownership reporting exemption for US firms

Trump administration finalizes ownership reporting exemption for US firms

Aug 11 (Reuters) - The Trump administration on Tuesday finalized a rule exempting U.S. companies and individuals from reporting beneficial ownership information to the Treasury Department's financial crimes unit, rolling back reporting requirements established under a 2021 law aimed at combating
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Auto loans hit record high and some other consumer debt rising, New York Fed says

Auto loans hit record high and some other consumer debt rising, New York Fed says

By Howard Schneider WASHINGTON, Aug 11 (Reuters) - U.S. consumers took out a record amount in auto loans in the second quarter and boosted their credit card and home equity balances as well, the New York Fed said in its latest household debt and credit report on Tuesday.