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Economic Times
7 hours ago
- Politics
- Economic Times
'How are you feeling now, Nancy?': Trump blasts 'disgusting degenerate' Pelosi, makes serious claim about husband
Synopsis Donald Trump launched a scathing attack on former House speaker Nancy Pelosi and her husband Paul Pelosi, on Saturday, accusing them of profiting from 'inside information'. Trump claimed that Paul made money off "inside information" in a post shared on his Truth Social account. It wasn't immediately clear what led to Trump's scathing post about the Pelosis. NYT News Service Trump's outburst comes hours after Pelosi criticized Trump on X for several actions he's taken while in office US President Donald Trump blasted former House Speaker Rep. Nancy Pelosi as a 'disgusting degenerate' while alleging that she and her hubby reaped a fortune off 'inside information.' He accused her of insider trading, just hours after the Democrat launched a scathing attack on the president."Crooked Nancy Pelosi, and her very "interesting" husband, beat every Hedge Fund in 2024. In other words, these two very average "minds" beat ALL of the Super Geniuses on Wall Street, thousands of them. It's all INSIDE iNFORMATION! Is anybody looking into this???" Trump wrote on Truth Social Saturday."She is a disgusting degenerate, who Impeached me twice, on NO GROUNDS, and LOST! How are you feeling now, Nancy???" Trump also implied that someone should look into Pelosi (D-Calif.) and gloated over how he overcame two impeachment efforts the leading Democrat oversaw. ALSO READ: Trump teases major presser to 'stop violent crime' and make Washington DC 'one of the safest' cities in the world It is not immediately clear what sparked Trump's broadside against Pelosi, 85, who has fiercely denied any accusations of insider trading. In January, Pelosi outright rejected Trump's suggestion that she "became rich" through insider trading, describing the allegation as "ridiculous" during an interview on CNN. 'Pelosi does not own any stocks and has no knowledge or subsequent involvement in any transactions,' spokesperson Ian Krager told The Post last month. Trump's outburst comes hours after Pelosi criticized Trump on X for several actions he's taken while in office, including his effort to redraw Texas' congressional districts. "Trump paved over the Rose Garden, freedom of speech, freedom of education, an independent judiciary and more. But we won't let him pave over free and fair elections in our country. California's response to the Texas redistricting power grab is self-defense for our Democracy," Pelosi wrote on X Saturday. ALSO READ: 'Ban Gay sex, end women's voting': Pete Hegseth sparks controversy for re-posting pastor's radical message It is to be noted that the speaker emeritus has long faced scrutiny over her husband Paul's venture capital and other business endeavors. Lawmakers are not required to publicly divulge their net worth, which means it is unclear exactly how much she is Quantitative estimates Nancy Pelosi's net worth at a minimum of $263.23 million, ranking her as the fourth wealthiest member of Congress — though some suggest she could be worth far more. In 2024, Paul Pelosi's trades delivered an eye-popping 54% return, easily eclipsing the S&P 500's 25% gain, according to Bloomberg data cited by The Post. ALSO READ: Powerball jackpot rises to $479 million: Who won lottery jackpot last night? Lotto results, drawing time One standout move came in January, when he bought shares of AI-driven health company Tempus AI at roughly $31.83 each. Months later, the company struck a $200 million deal with AstraZeneca, sending its stock soaring to about $60.87 — nearly doubling his investment. Other eyebrow-raising trades have included timely moves in NVIDIA, Palo Alto Networks, energy giant Vistra, and also offloaded about $2.2 million worth of Microsoft shares last year — his largest sale in roughly three years — just months before the Federal Trade Commission launched an antitrust investigation into the tech in 2021, Nancy Pelosi dismissed calls for a ban on stock trading by members of Congress, insisting, 'We're a free-market economy.' Since then, she has softened her stance and expressed support for certain versions of such a ban. Nancy Pelosi has not announced whether she will run for reelection in 2026.
News18
18 hours ago
- Business
- News18
Trump Accuses Nancy Pelosi Of Using ‘Inside Information' For Stock Market Gains: ‘Degenerate'
Last Updated: Trump's remarks, targeting one of Washington's most prominent Democrats, come with potential implications for investor sentiment US President Donald Trump accused former House Speaker Nancy Pelosi of profiting from 'inside information" in the stock market, escalating long-standing political criticism of her family's investments. In a post on his Truth Social platform, Trump called Pelosi a 'disgusting degenerate" and claimed she and her husband 'beat every hedge fund in 2024." He alleged that 'these two very average 'minds' beat ALL of the Super Geniuses on Wall Street, thousands of them," implying the performance was due to insider trading. Trump also questioned whether authorities were 'looking into this?" 'Crooked Nancy Pelosi, and her very 'interesting" husband, beat ever Hedge Fund in 2024. In other words, these two very average 'minds" beat ALL of the Super Geniuses on Wall Street, thousands of them. It's all INSIDE iNFORMATION! Is anybody looking into this??? She is a disgusting degenerate, who Impeached me twice, on NO GROUNDS, and LOST! How are you feeling now, Nancy???" Crooked Nancy Pelosi, and her very 'interesting" husband, beat ever Hedge Fund in 2024. In other words, these two very average 'minds" beat ALL of the Super Geniuses on Wall Street, thousands of them. It's all INSIDE iNFORMATION! Is anybody looking into this??? She is a…— Trump Truth Social Posts On X (@TrumpTruthOnX) August 9, 2025 Pelosi has previously rejected accusations of wrongdoing related to her husband's trades. While critics have raised concerns about potential conflicts of interest, no official investigations have resulted in charges against her. Trump's remarks, targeting one of Washington's most prominent Democrats, come with potential implications for investor sentiment. Reports indicate that even without any substantiated evidence, high-profile allegations can stir short-term market volatility, particularly in sectors mentioned in political attacks. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
04-07-2025
- Business
- Yahoo
Billionaire Bill Ackman May Be the Next Warren Buffett. He's Buying 2 Magnificent Stocks Up 160% and 270% Since 2023.
Hedge fund billionaire Bill Ackman hopes to recreate Warren Buffett's success by turning Howard Hughes into a "modern-day Berkshire Hathaway." Ackman's hedge fund took a stake in Amazon in the second quarter, betting on the resilience of its retail and cloud computing businesses. Ackman's hedge fund took a stake in Uber in the first quarter, saying it is "one of the best managed and highest quality businesses in the world." 10 stocks we like better than Amazon › Under Warren Buffett, Berkshire Hathaway has evolved from a small textile mill into a trillion-dollar company with a diverse group of subsidiaries. Berkshire stock has returned 20% annually since Buffett took control in 1965, earning him a reputation as one of Wall Street's most accomplished investors. Billionaire Bill Ackman hopes to achieve similar success with Howard Hughes Holdings. He plans to turn the company into a "modern-day Berkshire Hathaway" by buying controlling interests in quality businesses. His hedge fund, Pershing Square Capital Management, owns a 46.9% stake in the company. Importantly, Ackman ranks among the top 20 hedge fund managers as measured by net gains, and Pershing Square outperformed the S&P 500 (SNPINDEX: ^GSPC) by 28 percentage points in the past five years. That makes Ackman a good source of inspiration. And he recently bought shares of Amazon (NASDAQ: AMZN) and Uber Technologies (NYSE: UBER), stocks up 160% and 270%, respectively, since January 2023. Here's what investors should know. Bill Ackman started buying shares of Amazon in the second quarter. Pershing Square CIO Ryan Israel said, "We felt that the company would be able to work through any slowdown in the cloud computing division Amazon Web Services (AWS) and we did not judge that tariffs would have a material impact on the earnings in the retail business." Wall Street estimates Amazon's earnings will increase at 10% annually through 2026. That makes the current valuation of 36 times earnings look too expensive, but I think analysts are overly pessimistic. Amazon is a leader in e-commerce and cloud computing, and the company has quickly taken market share in digital advertising, such that it ranks as the third largest ad tech company. Grand View Research expects all three markets to grow quickly through the end of the decade, as detailed below: Retail e-commerce sales are projected to grow at 11.6% annually through 2030. Ad tech spending is projected to grow at 14.4% annually through 2030. Cloud computing revenue is projected to grow at 20.4% annually through 2030. So, Amazon has a good shot at double-digit annual revenue growth through 2030, but earnings could grow more quickly as the company realizes efficiencies through artificial intelligence (AI). The company has built more than 1,000 generative AI applications with that goal in mind, including tools that optimize inventory allocation, last-mile delivery routes, and developer productivity. Also, Amazon recently introduced a generative AI model called DeepFleet that will make its warehouse robots smarter and more efficient by coordinating movements across its vast fulfillment network. Management says the DeepFleet platform will reduce travel time for its robots by 10%, letting the company "deliver packages to consumers faster and at lower costs." Morgan Stanley analyst Brian Nowak has often called Amazon the most underappreciated generative AI winner in the technology sector. He also sees it as "one of the companies best positioned to deliver material financial return from physical AI and robotics" in the next few years. Shipping and fulfillment costs currently consume over one-third of retail revenue, but AI and robotics can reduce expenses and boost margins. Here's the big picture: I think Amazon's earnings could increase at 15%+ annually through the end of the decade. That makes the current valuation more sensible. Patient investors should consider buying a small position today. Bill Ackman started buying Uber when it traded for less than $70 per share in early January, and it was his hedge fund's largest holding (at 19% of the portfolio) by March 31. "We believe Uber is one of the best managed and highest quality businesses in the world," Ackman wrote on social media. The stock has appreciated significantly since then, but it still looks like a smart investment. Uber has the distinct advantage of offering ride-sharing and food-delivery services through a single mobile app, and the company has a strong presence in both markets. In fact, Uber operates the largest ride-sharing platform worldwide and the largest food-delivery platform in eight of the 10 largest markets. Straits Research estimates ride-sharing revenue will grow at 21% annually to approach $920 billion by 2033. Uber is especially well positioned to capitalize on that opportunity due to ties with several autonomous vehicle (AV) companies. Listed below are some important partnerships: Alphabet's Waymo offers robotaxi rides through Uber in Phoenix, Austin, and Atlanta. Also, autonomous food delivery is available through Uber Eats in Phoenix. May Mobility will offer robotaxi rides through Uber in Arlington, Texas, by the end of 2025. The companies will take their partnership to additional U.S. markets in 2026. Pony AI will offer robotaxi rides through Uber in a "key market in the Middle East" this year, with a goal of scaling to additional international markets in the future. Volkswagen will offer robotaxi rides through Uber in Los Angeles. Testing is scheduled to start later this year, and the commercial launch will follow in 2026. WeRide offers robotaxi rides through Uber in Abu Dhabi, with Dubai to follow later this year. The companies will expand the partnership to 15 additional cities in the next five years. CEO Dara Khosrowshahi says Uber is uniquely positioned to benefit from robotaxis given its unparalleled scale. "Uber can deliver the lowest operational costs for our AV partners because we are leaps and bounds ahead on every aspect of go-to-market capabilities," he told analysts earlier this year. Wall Street estimates Uber's earnings will increase at 26% annually in the next three to five years, which seems reasonable given the forecasted growth rate of the ride-sharing market. That makes the current valuation of 16 times earnings look quite reasonable. Uber may not be as cheap as it was when Ackman started buying, but patient investors should still feel comfortable purchasing a position today. Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $692,914!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $963,866!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Trevor Jennewine has positions in Amazon. The Motley Fool has positions in and recommends Alphabet, Amazon, Berkshire Hathaway, Howard Hughes, and Uber Technologies. The Motley Fool recommends Volkswagen Ag. The Motley Fool has a disclosure policy. Billionaire Bill Ackman May Be the Next Warren Buffett. He's Buying 2 Magnificent Stocks Up 160% and 270% Since 2023. was originally published by The Motley Fool Sign in to access your portfolio
Reuters
27-06-2025
- Business
- Reuters
Hedge fund Parvus holds 5% stake in luxury group Kering, filing shows
PARIS, June 27 - Parvus Asset Management, a hedge fund registered in Britain, has raised its stake in Kering ( opens new tab, a filing by France's financial regulator showed on Friday, now holding around 5% of the group's share capital. The filing comes as Kering is under increased market pressure, with shares down by over 60% in the past two years after a string of profit warnings and designer changes at its Italian flagship label Gucci. Dealing with the London-based fund known for its activist approach adds to the list of challenges of incoming chief executive Luca de Meo, who will take over the helm in September. Kering declined to comment, while Parvus did not immediately reply to a request for comment. The hedge fund has declared that it breached the regulatory threshold of 5% of Kering's share capital, and 3.5% of its voting rights, on Friday, the filing by France's AMF regulator said. It was previously cited as a shareholder with a 4% equity stake and 2.9% of voting rights in Kering's last annual report. The firm, which earlier targeted budget airline Ryanair and Italian bank UniCredit, has recently also built up a stake in Danish drugmaker Novo Nordisk, the Financial Times reported earlier this month.
Yahoo
14-06-2025
- Entertainment
- Yahoo
Netflix adds Will Ferrell's most controversial movie
When you buy through links on our articles, Future and its syndication partners may earn a commission. Cast your mind back ten years. It's 2015, and franchises rule. Mad Max: Fury Road, Avengers: Age Of Ultron, and Mission: Impossible — Rogue Nation are battling it out for box office supremacy. Sicario, Carol, and The Martian are on numerous "best films of the year" lists, but comedies are out in the cold. Yet, although it wasn't a vintage year, some of their biggest names were out in force — Melissa McCarthy, Seth MacFarlane and, perhaps busiest of all, Will Ferrell. One of his releases from that year — and his most controversial film ever – has just arrived on Netflix today [Monday, June 9]. It's Get Hard. He plays an obscenely rich hedge-fund manager who finds himself convicted of fraud and sentenced to a stretch in San Quentin. With just one month to get his affairs in order and, knowing that his chances of surviving longer than a few minutes behind bars are slim to nothing, he turns to a stranger he believes is an ex-con and can teach him the art of survival. Played by Kevin Hart, he's actually a car wash manager who has never even received a parking ticket and has his work cut out in devising a training regime to keep predatory prisoners at bay. As the tests become increasingly gruelling (to say the least), the two learn they've been wrong about many things and that their assumptions about each other are at the top of the list. With its racial, sexist and homophobic jokes, the film was labelled politically incorrect to the extent that its director, Etan Cohen, and its stars had to speak out in its defence. Audiences gave it a mixed response, both laughing and cringing at what was, at times, surprisingly strong stuff, and the film is probably Ferrell's raunchiest work to date — even closer to the mark than the much-loved Step Brothers (2008). Best movies on Netflix But there's another side to it. While it might look crude on the surface, there's an element of satire just beneath which is aimed directly at the assumptions that feed so many social attitudes. There's no doubt that it's offensive, but in a way that echoes a boundary pushing comedy from the mid-70s — Blazing Saddles (1974). The older film is a classic, Get Hard less so, but it still has plenty of laughs and much of that is down to the Ferrell/Hart pairing, which is where it really scored on its release and still does now. Both actors are naturals when it comes to working as part of a double act. Here, they play on their best-known characteristics — Hart's fast-talking street smarts and Ferrell's naïvete and fumbling attempts to appear more confident — to create the humor and ultimately show their characters' individual strengths. In more recent years, Hart's partnerships with Dwayne Johnson in Central Intelligence and the Jumanji franchise have proved particularly successful. For Ferrell, however, a co-star is essential to his collaborative way of working, both in front and behind the camera. As an actor, he thrives on sharing the limelight either as part of a double act or in a small ensemble, most notably in the Anchorman movies. While he doesn't have a regular on-screen comedy partner, there are a handful he returns to, John C Reilly especially, and there's a good reason. In Step Brothers, their second film together, their juvenile 40-somethings forced into being siblings were uniquely special, and it was all down to their personal chemistry. Sadly, even their combined magic couldn't make Holmes And Watson (2018) live up to everybody's expectations. His roster of female co-stars is equally impressive — Tina Fey, Reese Witherspoon, Amy Poehler, Christina Applegate — and last year saw him carry this collaborative style to a documentary, the much-praised Will And Harper. Ferrell also produced this moving portrait of his friendship with writer Harper Steele, his first documentary behind the camera and easily his most personal project to date. Before then, he'd worked with director/writer Adam McKay on upwards of 30 titles, often acting in them as well, and since they ended their working partnership in 2019, Ferrell has continued producing, with Apple TV Plus's Dickens-inspired Spirited (2022) proving to be a festive favourite and Netflix's Eurovision Song Contest: The Story of Fire Saga (2020) now about to return, but as a stage musical. He and Steele wrote the original movie and are set to repeat their double act for this latest incarnation. The film was a feel-good piece of entertainment, yet its most familiar song probably wouldn't have been out of place in Get Hard. Yes, we mean "Jaja Ding Dong"! Get Hard is on Netflix in the US and UK now. Eurovision Song Contest: The Story Of Fire Saga is on Netflix in the US and the UK.
