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Derek Saul, Forbes Staff

Asides

Qatari Sheikh revokes US$6 billion bid for Manchester United – opening door for UK billionaire James Ratcliffe

Britain’s richest man Ratcliffe may now be on the cusp of taking over the Premier League’s most valuable team, though Bloomberg reports he may initially buy only a quarter of the club.

  • By Derek Saul
  • Forbes Staff

Trump’s SPAC loses nearly US$200 million in stock purchase deals

Shares of Digital World Acquisition Corp. are down more than 80% from last spring as its merger with Truth Social’s parent company faces increased hiccups.

  • By Derek Saul
  • Forbes Staff

Birkenstock shares tank 13% from IPO price in rare debut unlacing

The 249-year-old German sandal maker proved to be an unwanted debutante, underperforming Arm, Instacart and Klaviyo’s 15% average rise in their September debuts.

  • By Derek Saul
  • Forbes Staff
Sam Bankman-Fried

Sam Bankman-Fried thought he had 5% chance of becoming US president, ex-girlfriend testifies

Caroline Ellison, the former CEO of FTX’s sister hedge fund Alameda Research, said her former colleague and love interest Bankman-Fried had high political ambitions.

  • By Derek Saul
  • Forbes Staff

Israeli shekel slumps to 7.5-year low amid war with Hamas

The shekel has shed 3% since Friday before the Hamas attack on Israel.

  • By Derek Saul
  • Forbes Staff

Donald Trump erupts after being left off The Forbes 400 list

Former President Donald Trump responded Monday to being left off of The Forbes 400 list of the richest Americans, levying several false allegations against Forbes.

  • By Derek Saul
  • Forbes Staff

General Motors stock slides: 3-year low amid $5 billion strike slump

General Motors shares tanked again Thursday as a possible issue with its airbags added to negative concerns over the auto workers strike for the limping legacy American automaker.

  • By Derek Saul
  • Forbes Staff

Cisco stock dips 4% after US$28 billion Splunk acquisition

Cisco notched its worst day in five months after unveiling the largest takeover in its history.

  • By Derek Saul
  • Forbes Staff

Lachlan Murdoch wins his family’s ‘Succession’: Here’s how he took over the Fox/News Corp juggernaut

Rupert described his eldest son as a “passionate, principled leader” in a statement naming his successor.

  • By Derek Saul
  • Forbes Staff

The big investor winners in Instacart’s $11 billion IPO debut—and the losers

Instacart’s three cofounders cashed in about $100 million from the IPO while firms who bought into InstaCart’s 2021 funding round dealt with a near 70% unrealized loss.

  • By Derek Saul
  • Forbes Staff
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