After a high-profile antitrust lawsuit, the U.S. Justice Department said Monday that it has tentatively settled with Ticketmaster and its parent company, Live Nation. After merging in 2010, the combined Live Nation and Ticketmaster control the majority of ticket sales and venue bookings in the U.S., leaving talent little choice but to work with these companies. Customers have been fed up for years...
After a high-profile antitrust lawsuit, the U.S. Justice Department said Monday that it has tentatively settled with Ticketmaster and its parent company, Live Nation. After merging in 2010, the combined Live Nation and Ticketmaster control the majority of ticket sales and venue bookings in the U.S., leaving talent little choice but to work with these companies. Customers have been fed up for years with dynamic pricing issues that can drive up ticket costs by thousands of dollars (often without consulting the artists), as well as the process of buying tickets — the sales for Taylor Swift’s Eras tour were so widely aggravating that they triggered government scrutiny. According to the AP, the settlement would have Live Nation pay a fine of up to $280 million and divest at least 13 venues to give competitors more opportunity. But several states’ Attorneys General involved in the lawsuit are not appeased by the settlement. “The settlement recently announced with the U.S. Department of Justice fails to address the monopoly at the center of this case, and would benefit Live Nation at the expense of consumers,” New York Attorney General Letitia James said in a statement. “We cannot agree to it.” Twenty-six out of thirty state attorneys general who sued the company alongside the DOJ chose to join Attorney General James in continuing the lawsuit against Live Nation. Washington Attorney General Nick Brown also said that the settlement “does not adequately remedy” the issue for concertgoers. “For too long, Live Nation has raked in billions from a monopoly that has made it harder for consumers to see the artists they love, stifled artists, and increased the price of tickets for countless music fans,” he said. The trial had gone on for less than a week by the time the DOJ and Live Nation agreed to this settlement. However, some interesting testimonies emerged during the trial. John Abbamondi, former CEO of the NBA’s Brooklyn Nets and the Barclays Center (where the Nets play), spo...
In trading on Monday, shares of Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.83 on the day. This compares to an average yield of 6.19% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . As of last cl...
In trading on Monday, shares of Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $20.83 on the day. This compares to an average yield of 6.19% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel . As of last close, GAB.PRH was trading at a 15.84% discount to its liquidation preference amount, versus the average discount of 15.94% in the "ETFs & CEFs" category. Below is a dividend history chart for GAB.PRH, showing historical dividend payments on Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock : In Monday trading, Gabelli Equity Trust's 5.00% Series H Cumulative Preferred Stock (Symbol: GAB.PRH) is currently off about 0.6% on the day, while the common shares (Symbol: GAB) are off about 0.8%. Click here to find out the 50 highest yielding preferreds » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Monday, shares of Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A (Symbol: EQH.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $20.18 on the day. This compares to an average yield of 7.03% in the "Insurance Brokers" preferred stock category, according to Pr...
In trading on Monday, shares of Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A (Symbol: EQH.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $20.18 on the day. This compares to an average yield of 7.03% in the "Insurance Brokers" preferred stock category, according to Preferred Stock Channel . As of last close, EQH.PRA was trading at a 18.40% discount to its liquidation preference amount, versus the average discount of 17.64% in the "Insurance Brokers" category. Investors should keep in mind that the shares are not, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of EQH.PRA shares, versus EQH: Below is a dividend history chart for EQH.PRA, showing historical dividend payments on Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A : In Monday trading, Equitable Holdings Inc's 5.25% Fixed Rate Noncumulative Perpetual Preferred Stock, Series A (Symbol: EQH.PRA) is currently down about 0.1% on the day, while the common shares (Symbol: EQH) are off about 2.8%. Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Tuesday, shares of KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (Symbol: KEY.PRK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $21.60 on the day. This compares to an average yield of 6.52% in the "Financial" preferred stock category, according to Preferred Stock Channe...
In trading on Tuesday, shares of KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (Symbol: KEY.PRK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $21.60 on the day. This compares to an average yield of 6.52% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, KEY.PRK was trading at a 12.20% discount to its liquidation preference amount, versus the average discount of 7.72% in the "Financial" category. Investors should keep in mind that the shares are not, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of KEY.PRK shares, versus KEY: Below is a dividend history chart for KEY.PRK, showing historical dividend payments on KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G : In Tuesday trading, KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (Symbol: KEY.PRK) is currently off about 1.6% on the day, while the common shares (Symbol: KEY) are down about 0.7%. Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Thursday, shares of State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (Symbol: STT.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3372), with shares changing hands as low as $22.20 on the day. This compares to an average yield of 7.01% in the "Financial" preferred stock category, according to Preferr...
In trading on Thursday, shares of State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (Symbol: STT.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3372), with shares changing hands as low as $22.20 on the day. This compares to an average yield of 7.01% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, STT.PRG was trading at a 10.32% discount to its liquidation preference amount, versus the average discount of 14.46% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. Below is a dividend history chart for STT.PRG, showing historical dividend payments on State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G : In Thursday trading, State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series G (Symbol: STT.PRG) is currently up about 1% on the day, while the common shares (Symbol: STT) are up about 0.5%. Click here to find out the 50 highest yielding preferreds » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
David Foulkes, Chief Executive Officer of Brunswick (BC 1.08%), disclosed the direct sale of 38,266 shares for an estimated ~$3.3 million in an open-market transaction on Feb. 5, 2026, according to a SEC Form 4 filing. Transaction summary Metric Value Shares traded (direct) 38,266 Transaction value ~$3.3 million Post-transaction shares (direct) 271,169 Post-transaction value (direct ownership) ~$2...
David Foulkes, Chief Executive Officer of Brunswick (BC 1.08%), disclosed the direct sale of 38,266 shares for an estimated ~$3.3 million in an open-market transaction on Feb. 5, 2026, according to a SEC Form 4 filing. Transaction summary Metric Value Shares traded (direct) 38,266 Transaction value ~$3.3 million Post-transaction shares (direct) 271,169 Post-transaction value (direct ownership) ~$23.5 million Transaction value based on SEC Form 4 weighted average purchase price ($86.56); post-transaction value based on Feb. 5, 2026 market close ($86.56). Key questions How does the trade size compare to Foulkes’ historical open-market sales? The 38,266-share sale is the largest open-market transaction by Foulkes to date, exceeding the historical median of 29,414 shares per sale and surpassing the most recent period median of 35,000 shares, based on data since 2023. The 38,266-share sale is the largest open-market transaction by Foulkes to date, exceeding the historical median of 29,414 shares per sale and surpassing the most recent period median of 35,000 shares, based on data since 2023. What percentage of Foulkes’ ownership was impacted and how does this affect his remaining stake? This transaction reduced Foulkes’ direct holdings by 12.09%, bringing post-trade direct ownership to 271,169 shares, while his indirect holdings remain unchanged at 7,121 shares held by a savings plan trustee. This transaction reduced Foulkes’ direct holdings by 12.09%, bringing post-trade direct ownership to 271,169 shares, while his indirect holdings remain unchanged at 7,121 shares held by a savings plan trustee. Was the transaction executed directly or through other entities or derivative instruments? The sale was executed entirely through direct ownership with no involvement of indirect entities or derivative exercises; no options were exercised or sold in this filing. The sale was executed entirely through direct ownership with no involvement of indirect entities or derivative exerc...
Getty Images Listen below or on the go on Apple Podcasts and Spotify Anthropic sues Pentagon after supply chain risk label kills AI contract. (0:15) Oil surge toward $120 sends VIX above 30 before retreat. (1:30) Hims and Hers jumps after partnership with Novo Nordisk. (2:14) This is an abridged transcript of the podcast: Our top story so far, Anthropic ( ANTHRO ) has filed a pair of civil suits a...
Getty Images Listen below or on the go on Apple Podcasts and Spotify Anthropic sues Pentagon after supply chain risk label kills AI contract. (0:15) Oil surge toward $120 sends VIX above 30 before retreat. (1:30) Hims and Hers jumps after partnership with Novo Nordisk. (2:14) This is an abridged transcript of the podcast: Our top story so far, Anthropic ( ANTHRO ) has filed a pair of civil suits against the Department Defense after the Pentagon dropped its contract with the AI startup and labeled it a "supply-chain risk" due to ideological differences. Anthropic filed one suit in the U.S. District Court in the Northern District of California and another in the D.C. Circuit Court of Appeals. It accuses the Pentagon of inappropriately applying the label over philosophical differences. It is the only time the label has been given to a U.S. business. "This is a necessary step to protect our business, our customers, and our partners," Anthropic said. "We will continue to pursue every path toward resolution, including dialogue with the government." Anthropic, which developed the Claude chatbot, has provided AI systems for classified Pentagon work since last year. But the company balked when the DOD sought unrestricted access to its technology for lawful military use ahead of the recent strike on Iran. The company’s limits include barring mass surveillance of Americans and refusing to allow its AI to operate fully autonomous weapons without human oversight. "This could have a ripple impact for Anthropic and Claude potentially on the enterprise front over the coming months as some enterprises could go pencils down on Claude deployments while this all gets settled in the courts," said Wedbush analysts. "We have already seen the Treasury Department and a number of other government agencies announce they will stop using Claude, but there may be further ripple effects on the enterprise front as the lawsuit plays out front and center. This will all be battled in the courts over ...
The next generation of AI chips is driving a multibillion-dollar boom in optical interconnects, and Bank of America believes these stocks could be big winners.
The next generation of AI chips is driving a multibillion-dollar boom in optical interconnects, and Bank of America believes these stocks could be big winners.
EntrepreneurShares Founder and CIO Joel Shulman joins Katie Greifeld and Scarlet Fu on "Bloomberg ETF IQ." They discuss his the ERShares Private-Public Crossover ETF, which has taken in more than $470 million since Dec. 8 as investors seek to own shares of SpaceX before it goes public. (Source: Bloomberg)
EntrepreneurShares Founder and CIO Joel Shulman joins Katie Greifeld and Scarlet Fu on "Bloomberg ETF IQ." They discuss his the ERShares Private-Public Crossover ETF, which has taken in more than $470 million since Dec. 8 as investors seek to own shares of SpaceX before it goes public. (Source: Bloomberg)
The main objective of investing is to grow one's purchasing power over time. It's that simple. And nothing comes closer to doing just that than the stock market. Recent performance has been quite impressive. The closely watched S&P 500 index (^GSPC 0.41%) has generated a total return of 300% in the past decade, well above its long-run average. It's impossible not to come away impressed by this ste...
The main objective of investing is to grow one's purchasing power over time. It's that simple. And nothing comes closer to doing just that than the stock market. Recent performance has been quite impressive. The closely watched S&P 500 index (^GSPC 0.41%) has generated a total return of 300% in the past decade, well above its long-run average. It's impossible not to come away impressed by this stellar gain. However, the stock market is flashing a clear warning to investors. Here's what history says could happen in 2026 and beyond. Now is a good time to understand the present clearly After an above-average performance, it makes sense that the market's valuation is also elevated. The cyclically adjusted price-to-earnings ratio (CAPE) is a widely followed metric that compares the S&P 500's current price to the average of trailing 10-year earnings, adjusted for inflation. That's a mouthful. But investors should know that a higher figure means things are more expensive. The CAPE ratio right now is 39.2. That's 54% higher than exactly 10 years ago. And the current level is in the same ballpark as the dot-com bubble period. Besides that short-lived tech boom, this data point has never been this inflated. Analysis from Invesco, which looks at correlation data, reveals that over the next 10 years, investors can expect the S&P 500 to produce flat to slightly negative annualized returns. In other words, an expensive starting valuation doesn't bode well for market participants. Is now a good time to invest? Exposed to this new information, your immediate reaction might be to dump all your equities. This is not the right approach, though. Investing is still a smart move right now. That's because the market's architecture is different these days. The tech sector has become a dominant force in the economy. And some of the largest companies in this space are generally deserving of their massive valuations. Artificial intelligence is keeping the party going. In 2023, assets in passi...
The Real Threat Is Artificial Credit, Not Artificial Intelligence Authored by George Ford Smith via the Mises Institute , Artificial intelligence is rapidly becoming one of the most capital-intensive industries in history. Consider: Semiconductor fabrication plants cost tens of billions of dollars. Massive data centers consume extraordinary amounts of electricity, sending power bills soaring . Spe...
The Real Threat Is Artificial Credit, Not Artificial Intelligence Authored by George Ford Smith via the Mises Institute , Artificial intelligence is rapidly becoming one of the most capital-intensive industries in history. Consider: Semiconductor fabrication plants cost tens of billions of dollars. Massive data centers consume extraordinary amounts of electricity, sending power bills soaring . Specialized engineering talent commands premium wages. (Although the median salary for an AI professional is $160K annually, the top 1 percent of AI researchers receive compensation packages exceeding $1 million ). Global supply chains must coordinate rare materials, precision manufacturing, and complex infrastructure. Yet discussions about artificial intelligence almost never address the most important economic variable shaping its development: money. From an Austrian perspective, the future of artificial intelligence ties directly to the monetary system that finances it. Whether AI produces sustainable prosperity or another boom-bust cycle depends less on algorithms than on interest rates. As we’ve seen throughout history, interest rates in a fractional-reserve banking system trend ever lower when a new technology gets underway. This generates the illusion of prosperity called a boom, followed inevitably by a bust. As a reminder of what is meant by a “bust,” keep in mind the figure $16.2 trillion— “The total net worth American households lost between 2007 and 2009 of the Great Recession.” Artificial intelligence is best understood economically as a higher-order capital good—a tool that enhances the productivity of human performance. Like machinery during the Industrial Revolution or computers in the late twentieth century, AI operates within a time-structured production process involving multiple stages before consumer goods emerge. Here’s how ChatGPT works as a consumer good, for example, providing an indispensable research tool for millions. Nobel laureate F.A. Hayek empha...
"I have worked very hard over the course of my career to get to where I am today," Nicholl said, adding that while she "didn't always get every story right", this was because she was "dependent on real sources".
"I have worked very hard over the course of my career to get to where I am today," Nicholl said, adding that while she "didn't always get every story right", this was because she was "dependent on real sources".
Head coach Eddie Howe has challenged his Newcastle United players to seize the moment and follow in the footsteps of the side who defeated Barcelona in 1997. Newcastle will meet Barca in the first leg of their Champions League last-16 tie at St James' Park on Tuesday night. The fixture stirs memories of Tino Asprilla's hat-trick and the night Newcastle stunned the La Liga giants in the old group p...
Head coach Eddie Howe has challenged his Newcastle United players to seize the moment and follow in the footsteps of the side who defeated Barcelona in 1997. Newcastle will meet Barca in the first leg of their Champions League last-16 tie at St James' Park on Tuesday night. The fixture stirs memories of Tino Asprilla's hat-trick and the night Newcastle stunned the La Liga giants in the old group phase. Howe was a player at Bournemouth at the time, but was among the millions tuning in to the 3-2 victory from afar. "You couldn't not watch that game," he said. "It was on terrestrial television. It was one of those legendary games. "You want people in future years to be talking about this team. Tino Asprilla gets the hat-trick, a couple of them from Keith Gillespie's delivery on the right. "I want our players to be talked about in the same way in 20, 30, 40 years." The current sides met in the league phase back in September on a night Newcastle were defeated 2-1 on Tyneside. Howe took positives from that loss, though, and has described this rematch as the "biggest game" in the club's recent history as he looks to guide Newcastle into the quarter-finals of the competition for the first time ever. "It's an opportunity to grab a moment that we may never get again," he added. "You never know what life brings tomorrow, let alone future seasons. "We don't want to waste that opportunity. We don't want to kick ourselves or think, 'What if?'"
Evening all; it’s getting to that point, isn’t it? Of the 747 clubs to enter this season’s FA Cup, just nine remain. Among them are the usual suspects – of the last 20 editions, Arsenal, Chelsea, Liverpool and Manchester City have between them won 14 – along with the dreamers – Brentford, Port Vale, Leeds, Southampton and West Ham, who between them have won five, ever. For all, glory and memories ...
Evening all; it’s getting to that point, isn’t it? Of the 747 clubs to enter this season’s FA Cup, just nine remain. Among them are the usual suspects – of the last 20 editions, Arsenal, Chelsea, Liverpool and Manchester City have between them won 14 – along with the dreamers – Brentford, Port Vale, Leeds, Southampton and West Ham, who between them have won five, ever. For all, glory and memories to last a lifetime are within reach. So it’s over to Joe Hart, who’ll conduct the draw and determine whether the rich boys and underdogs are kept apart or set at each other. These are the numbers out for which to look: Southampton Port Vale Manchester City Leeds United Arsenal Liverpool Chelsea West Ham United or Brentford Mixing and mirth begin: 7.05pm GMT