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Stocks

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Donald Trump, Sam Bankman-Fried And The Snapchat founders: Here’s who fell off the 2023 Forbes 400 list

These 24 billionaires lost a combined $43 billion—and their spot among the nation’s wealthiest people.

  • By Richard J. Chang

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

Foot Locker gets credit rating lowered to junk

New York-based footwear and apparel retailer Foot Locker Inc. reported weaker than expected second-quarter earnings amid elevated promotional activity and weak consume…

  • By Mike Ozanian
  • Forbes Staff

Arm, the largest IPO of the year, explodes 17% in first day of trading

The largest IPO in 22 months, Arm opened with a $54.5 billion market capitalization.

  • By Derek Saul
  • Forbes Staff

Birkenstock files for IPO two years after its $4.3 billion acquisition

The IPO could be valued at more than $8 billion, according to Bloomberg,

  • By Antonio Pequeño IV

Larry Ellison’s net worth drops nearly $20 billion as Oracle stock has worst day in decades

Ellison’s software company suffered its worst day on the stock market since 2002 on Tuesday.

  • By Derek Saul
  • Forbes Staff

Robinhood shares jump after buying back Bankman-Fried’s $605m in seized shares

Robinhood’s shares, which had been slumping in recent weeks, shot up after it announced it bought more than $605 million in shares that had previously been controlled by Sam Bankman-Fried.

  • By Brian Bushard
  • Forbes Staff

A $43 billion value investor’s winning formula for buying unloved foreign stock

Sarah Ketterer’s Causeway Capital is trouncing the competition using a mix of quantitative and fundamental analysis to find bargains among European stocks like Rolls-Royce and Ryanair.

  • By Hank Tucker
  • Forbes Staff

This super private heir is about to bag billions from Subway’s sale

Subway, the giant sandwich chain, has agreed to sell itself to private equity firm Roark Capital in a deal reportedly valued at $9 billion, minting a fortune for its two founding families – but only one will walk away with the bread.

  • By Jemima McEvoy
  • Forbes Staff

Nvidia stock hits all-time high after 315% surge – easily outpacing its peers

Led by the “godfather of AI,” Nvidia is expected to report a quadrupling of EBITDA this quarter.

  • By Derek Saul
  • Forbes Staff
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