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LSE:PSH 21 October 2025

Billionaire Blowup: NYC’s Catsimatidis Tells Rival to Quit – Pershing Square’s Ackman Admits He “Hates Wasting Money”

Billionaire Blowup: NYC’s Catsimatidis Tells Rival to Quit – Pershing Square’s Ackman Admits He “Hates Wasting Money”

John Catsimatidis urged Curtis Sliwa to exit the New York mayoral race, warning that a split vote could hand victory to Democratic Socialist Zohran Mamdani, who leads polls with about 52%. Sliwa refused to withdraw, accusing billionaires of meddling. Betting markets give Mamdani a 93% chance of winning. Analysts say Sliwa’s presence narrows Cuomo’s odds but does not close Mamdani’s lead.
21 October 2025
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Stock Market Today

  • GameStop Holds $9 Billion Cash, Keeps Acquisition Options Open Amid Shareholder Pressure
    May 1, 2026, 3:33 PM EDT. GameStop Corp. is sitting on nearly $9 billion in cash and investments, including a $519 million Bitcoin stake. The company generated $271.5 million in net interest income in fiscal 2025, surpassing its $232.1 million operating income from retail operations. Despite mounting shareholder questions on capital deployment, GameStop remains cautious, pledging to stay 'disciplined' and not speculating on timelines for buybacks or dividends. CEO Ryan Cohen has hinted at a 'transformational' acquisition, but no targets have been disclosed. The company's stance contrasts with peers like AMC that leaned on equity raises and debt management. Investors await clarity on when GameStop's substantial cash reserve might shift from idle capital to dividends or repurchases.

Latest article

nVent Stock Jumps After Data-Center Demand Triggers a 2026 Forecast Reset

nVent Stock Jumps After Data-Center Demand Triggers a 2026 Forecast Reset

1 May 2026
nVent Electric raised its 2026 sales and profit forecasts after first-quarter net sales jumped 53% to $1.24 billion and adjusted EPS climbed 63% to $1.09. Organic orders rose about 40% and backlog hit $2.6 billion, driven by data-center demand for liquid cooling and power equipment. Shares surged 13.3% to $161.94, pushing market value to $26.5 billion. The company now expects full-year sales growth of up to 28%.
SoundHound AI Stock Jumps Before May 7 Earnings As Investors Test The AI Growth Story

SoundHound AI Stock Jumps Before May 7 Earnings As Investors Test The AI Growth Story

1 May 2026
SoundHound AI shares rose about 17% to $9.31 in Friday afternoon trading ahead of its May 7 first-quarter earnings report. Investors are watching for signs that recent deals, including the planned $43 million acquisition of LivePerson and an expanded rollout with Casey’s General Stores, can drive growth. SoundHound posted 2025 revenue of $168.9 million but reported a full-year GAAP net loss of $14 million.
Canada’s Crypto ATM Ban Is Only the Start of Ottawa’s Financial Crime Crackdown

Canada’s Crypto ATM Ban Is Only the Start of Ottawa’s Financial Crime Crackdown

1 May 2026
Canada will create a federal Financial Crimes Agency with police powers and ban cryptocurrency ATMs, citing their use in fraud and money laundering. Canadians reported over C$704 million in fraud losses in 2025. Bill C-29 is at second reading in the House of Commons. Ottawa proposed C$352.7 million over five years to fund the new agency.
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