David Farr, CEO, Emerson Electric Scott Mlyn | CNBC D.E. Shaw, the $50 billion hedge fund that in recent years has engaged in shareholder activism along with its many other disciplines, will make public Tuesday something the market has already known for weeks: It has a more than 1% position in Emerson Electric and is
Investing
Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Michael Nagle | Bloomberg | Getty Images Shares of SmileDirectClub plummeted more than 13%, on Monday after California Governor
Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Scott Morgan | Reuters David Rolfe, a longtime Berkshire Hathaway shareholder and chief investment officer at Wedgewood Partners, is fed up with
Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019. Tingshu Wang | Reuters Nike is staying ahead of the headwinds of the retail industry, according to Bank of America. The firm upgraded Nike to neutral from underperform and hiked its price target to $98 from $70, catching up to
SpaceX’s Crew Dragon capsule splashed into the Atlantic Ocean after completing its test flight for NASA. NASA TV LOS ANGELES — SpaceX is in the final stages of developing the capsule it will use to launch astronauts, a project that has commanded the company’s resources and even finances over the last few years. Known as