Canal+ is set to debut on the London Stock Exchange, marking the largest new listing in two years, with a projected market value of €6bn. The move, seen as a vote of confidence in the UK capital markets, comes as Vivendi spins off its media assets, including StudioCanal. The listing aims to bolster Canal+'s ambitions to compete with major streaming services like Netflix and Disney+.
President-elect Donald Trump celebrated being named Time magazine's 2024 Person of the Year by ringing the opening bell at the New York Stock Exchange, marking a significant comeback from his previous presidency. In an interview, he discussed his campaign's impact, plans for pardoning Capitol riot participants, and intentions for mass deportations, asserting he would utilize military support despite legal restrictions. Trump emphasized his influence on American politics and expressed skepticism towards international leaders, including Israeli Prime Minister Netanyahu.
Donald Trump, named Time's 2024 Person of the Year, is set to ring the opening bell at the New York Stock Exchange, marking a significant comeback from his conviction as the first former president. In an interview, he discussed his campaign's impact, plans for pardons related to the Capitol riot, and intentions for mass deportations, asserting he will operate within legal limits.
Donald Trump, recently named Time's 2024 Person of the Year, is set to ring the opening bell at the New York Stock Exchange, marking a significant comeback after his conviction as the first former president for a crime. In an interview, he discussed his election campaign, plans for pardons related to the Capitol riot, and intentions for mass deportations, asserting he will operate within legal limits. Trump's influence on American politics continues to reshape the landscape as he prepares to take office again.
Donald Trump, named Time's 2024 Person of the Year, will ring the opening bell at the New York Stock Exchange, marking a significant moment in his dual recognition as a prominent New Yorker and businessman. This event highlights his ongoing connection to the stock market as a measure of public approval and success. Despite his legal challenges, Trump continues to engage with the public, having campaigned in New York while facing a criminal trial. His appearance at the stock exchange is a notable first, symbolizing U.S. capitalism and his enduring influence in the business world.
Dynamic pricing in live event ticketing has sparked controversy, with consumers often paying significantly more than face value, especially for popular concerts. Despite complaints, many younger adults are willing to incur debt for these experiences, reflecting a post-pandemic "YOLO" mentality. While artists like Taylor Swift have opted out of dynamic pricing, the practice remains prevalent, driven by high demand and the need for revenue in a changing music industry.
The NFL's recent move to allow private equity firms to acquire up to 10% of its franchises has generated significant interest, with expectations of $12 billion in transactions over the next five years. Despite the small size of the NFL relative to the broader $308 billion private equity market, the league's franchises, averaging $6.5 billion in value, are seen as valuable media assets, driving up investor enthusiasm. With franchise valuations soaring 610% from 2004 to 2022, opportunities for investment are expected to grow, particularly as many owners consider selling portions of their stakes.
Target"s stock plummeted over 15% after missing quarterly earnings and cutting guidance, reflecting cautious consumer spending. In contrast, Walmart exceeded expectations and raised its outlook, prompting analysts to increase price targets, while TJX Companies saw a nearly 3% drop due to lower fiscal guidance despite better-than-expected third-quarter results.
A group of nearly 400 Taylor Swift fans has filed a lawsuit against Ticketmaster and Live Nation, accusing them of colluding to inflate ticket prices and violating the RICO Act. The case, which builds on an existing federal lawsuit, claims the companies operate as a monopoly, exploiting consumers through unfair pricing practices. The lawsuit is currently on hold pending an appeal related to Ticketmaster's arbitration terms, which could limit the fans' ability to present their case publicly.
Taylor Swift's arrival in Toronto is set to invigorate the local economy, with hotels fully booked and public transit overwhelmed. The finance sector is leveraging concert tickets to engage clients and boost employee morale, while major Canadian companies aim to benefit from her visit long after she leaves.
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