Norges Bank Investment Management backs Disney in board room fight with hedge funds

FILE PHOTO: A screen shows the trading info for Walt Disney Company company on the floor of the NYSE in New YorkNEW YORK - Norges Bank Investment Management, one of Walt Disney's biggest investors, said on Tuesday that it voted to re-elect the entertainment giant's directors, dealing a blow to the hedge funds pushing for seats on Disney's board.

It did not vote for any candidates proposed by hedge funds Trian Fund Management or Blackwells Capital.HONG KONG — Wall Street drifted lower in premarket trading Tuesday ahead of this week's trove of data from the labor market that could influence the Federal Reserve's decision on interest rates later this spring. Futures for the S&P 500 slipped 0.3% before the bell while futures for the Dow Jones Industrial Average fell 0.4%.

Truth Social owner Trump Media & Technology Group disclosed Monday that it lost more than $58 million and generated very little revenue in 2023.Trump's media company, which runs Truth Social, was flying high after starting trading. There are plenty of reasons to believe it won't stay up there.Former President Donald Trump and his co-defendants have secured a $175 million bond in their New York civil fraud case, according to a court filing.

Suppose you sell your primary home and make a $750,000 profit. Will you owe capital gains tax on that profit? The short answer is yes. Depending on a handful of factors, you may owe tens of thousands of dollars to over a hundred thousand dollars. Your exact tax liability could vary drastically, so knowing what The post I’m Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes? appeared first on SmartReads by SmartAsset.

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World Bank to publish more data to attract private sector investmentThe World Bank will publish more of its proprietary data, including on debt defaults, starting next week as part of a push to attract more private sector investment to developing countries, World Bank President Ajay Banga said.
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Barclays Preparing to Cut Hundreds of Jobs in Investment BankBarclays Plc is preparing to cut several hundred jobs within its investment bank division as the firm embarks on a yearslong efforts to trim costs and boost profits within the unit, according to people familiar with the matter.
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Interest in TikTok, distressed NY bank has echoes of Mnuchin’s pre-Trump investment playbookNEW YORK (AP) — It seems like a bizarre mishmash: A former Trump cabinet official is saying he wants to buy TikTok just days after leading a group that...
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Lenders Rally After India’s Central Bank Eases Investment CurbsIndian banks and shadow lenders rose Thursday after the country’s central bank eased capital requirements for a unique type of investment, a move that may free up more funds for loans.
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