Tag Archives: Bill

Billionaire Bill Ackman ‘thrilled’ to own stake in Bremont Watches

Billionaire Bill Ackman ‘thrilled’ to own stake in Bremont Watches

For billionaire fund manager Bill Ackman, it wasn’t enough to just own a few high-end Bremont watches. He actually wanted a piece of the company. To that end, Britain-based Bremont watches announced today that Bill Ackman took a “substantial minority interest” in the company, joining a funding round with longtime investor Hellcat LP worth $59 million (£48 million). Bremont, founded by brothers Nick and Giles English, was founded in 2002 with the vision of returning watchmaking to… Source link

Read More »

Bill Proposed to Curb ‘Obscene’ Content May Eradicate the Porn Industry

Bill Proposed to Curb ‘Obscene’ Content May Eradicate the Porn Industry

Sen. Mike Lee proposed an obscenity bill on Tuesday Sen. Mike Lee (R-UT) proposed a bill on Tuesday that, if passed, would redefine what obscenity means nationwide, which could effectively decimate the porn industry. The Utah Republican filed the Interstate Obscenity Definition Act (IODA) based on the Communications Act of 1934, and stated in the IODA that “obscenity is not protected speech under the First Amendment and is prohibited from interstate or foreign transmission under U.S…. Source link

Read More »

Who is Bernard Arnault? Louis Vuitton chief passes Bill Gates as world’s second-richest person

Who is Bernard Arnault? Louis Vuitton chief passes Bill Gates as world’s second-richest person

Luxury goods mogul Bernard Arnault is now the richest man in the world, bumping Tesla (TSLA) CEO Elon Musk down to the second spot, according to the Bloomberg Billionaires Index. Arnault, who is chairman and chief executive of Louis Vuitton SE or LVMH (LVMUY), has seen more than a $7 billion loss in net worth in 2022 while LVMH stock is off roughly 6.58% during the same time period. It hasn’t been enough to keep him from taking the top spot, though, given that Musk’s net worth has plummeted… Source link

Read More »

Bill Ackman says Fed will fail to bring down inflation, keeping stocks under pressure

Bill Ackman says Fed will fail to bring down inflation, keeping stocks under pressure

Billionaire hedge fund manager Bill Ackman has been urging the Federal Reserve to get serious on inflation since late last year. Now, he has doubts about the U.S. central bank’s ability to bring price stability down to its target. And thinks stock prices could remain under pressure as rates stay high amid this new environment. The Pershing Square Capital founder and CEO said Thursday in a quarterly call with investors that interest rates are “meaningfully below where they are going to… Source link

Read More »

Google Blasts Bipartisan Bill For Good Faith Negotiation On Network Use In South Korea

Google Blasts Bipartisan Bill For Good Faith Negotiation On Network Use In South Korea

South Korea lawmakers observe that as broadband is essential for society, so is broadband cost … [+] recovery. getty South Korea National Assembly member and Chair of the Committee for Science, Technology, Broadcasting and Communication, Young-Chan Yoon of the Democratic Party of South Korea and more than a dozen lawmakers from leading parties proposed an amendment to the telecom framework on September 8. A series of hearings have bill held around the bill which mandates no fees but… Source link

Read More »