Day: January 13, 2025

EUR/USD Price Analysis: Fifth consecutive drop threatens deeper lows

EUR/USD declines on Monday, settling near 1.0210 as its losing streak stretches to five days. RSI drops to 32, hovering close to oversold territory, while the MACD histogram prints rising red bars. The pair dives below 1.0250, marking the lowest level since November 2022 and signaling persistent bearish pressure. submitted by /u/Demblin [link] [comments]

American Vice President-elect, JD Vance, admits that the US wants to take Greenland from Denmark for its natural resources: “Greenland is very important for America… It has a lot of great natural resources.”

American Vice President-elect, JD Vance, admits that the US wants to take Greenland from Denmark for its natural resources: “Greenland is very important for America… It has a lot of great natural resources.” submitted by /u/glira31 [link] [comments]

Burrytracker: Hedge fund manager Bill Ackman is seeking to bid for Howard Hughes Holdings $HHH at $85 per share. 🧵 Here’s a full breakdown of the deal and why it proves that Ackman is trying to be the next Buffett

https://preview.redd.it/gjyqsrc84tce1.png?width=900&format=png&auto=webp&s=68ee51405d74a26e625643f60ef34126330ae33b Howard Hughes Holdings (HHH) is a publicly traded real estate development and management company. It’s named after the famous businessman, aviator, and filmmaker Howard Hughes, but its operations are not directly tied to his personal legacy. The stock is up +8.5% on the news. https://preview.redd.it/55qv31dc4tce1.png?width=900&format=png&auto=webp&s=fea7006302e9b8e9083eea80d9c53e885e1e5027 The current financial breakdown of HHH Q3 2024 Results: Rev: $327.1M ( +43% yoy) Net Income: $72.7M (-544M Q3 ’23) EPS: $1.95 ($0.64 prior year) EBITDA: $194.61M (+55%) Profit margin: 30% (up from net loss in 3Q ’23) Overall a very strong quarter & revenue is forecast to grow 15% p.a. on average during the next 3 years, (compared to 11% growth forecast for the Real Estate industry in the US). https://preview.redd.it/0jc8jxcg4tce1.png?width=900&format=png&auto=webp&s=64d50d53f6d35f29d7797b1aec01cc4485374716 What’s Ackman’s plan? In a letter posted on X this morning: “Proposing a potential merger transaction in which a newly formed merger subsidiary of Pershing Square Holdco, L.P. would merge with and into the Company, with the Company as the surviving corporation in the Merger” https://preview.redd.it/tzszhzui4tce1.png?width=900&format=png&auto=webp&s=7977f1b07674dd57a45fadc0a9666e84d9e4fa7f What’s this mean? Bill Ackman’s Pershing Square offered to acquire the remaining shares of Howard Hughes Holdings for $85 per share, an 18% premium over the last closing price. The proposal aims to transform the company into a diversified investment entity akin to a “modern-day Berkshire Hathaway”. Ackman also made clarifications. https://preview.redd.it/rxrhev2l4tce1.png?width=900&format=png&auto=webp&s=91cd3c64d9d52b7943c1efe28b8c6b828eb92e25 In plain english: The deal involves Pershing Square directly acquiring 11.8M shares and HHH repurchasing 5.9M shares. Shareholders have the option to receive cash or a combination of cash and stock in a new subsidiary. Ackman’s HHH history Last reported on 9/24, Pershing Square owns 18,852,064 shares (~$1.4B of Howard Hughes stock). Ackman first purchased shares back in 2010 and currently it makes up over 11% of his portfolio. YTD the stock has underperformed the market with a +1.45% gain. https://preview.redd.it/zb0c1emu4tce1.png?width=900&format=png&auto=webp&s=a3a0bd69ae5a931361e92f437f453bda1fec319c What’s special about this deal? The way that this deal is structured is akin to Buffett’s acquisition of textile mill Berkshire Hathaway. Ackman is creating a subsidiary underneath Pershing Square that will acquire the company and he is bullish that this business will create the capital to acquire more. https://preview.redd.it/qmydl5sw4tce1.png?width=900&format=png&auto=webp&s=da6a614c3e1a0f2891771c2a06f3ac9e522f1e92 Ultimately this could be a new direction for Ackman & a shift away from being a hedge fund manager. Ackman has his eyes on becoming the modern day Buffett: holding a conglomerate of companies rather than aggressively stock pick winners & losers. https://reddit.com/link/1i0ldo8/video/7v1y6e035tce1/player Will Ackman be as successful as Buffett? We don’t know, but for now we have to wait and see. submitted by /u/XGramatik [link] [comments]

📊🤓US100 🦅🕛 Going Down? 📉 The correction started on US100 breaking the lower trendline of the ascending channel! Kijun crossed up Tenkan and the price is on the lower boundary of the cloud on Ichimoku Kynko Hyo! 🤔

🦅🕛 Going Down? 📉 The correction started on US100 breaking the lower trendline of the ascending channel! Kijun crossed up Tenkan and the price is on the lower boundary of the cloud on Ichimoku Kynko Hyo! 🤔 How do you think, how long will the correction last? Oh, and hit ❤️! submitted by /u/Yuriy_UK [link] [comments]

It happened during the Great Recession. It happened when the pandemic hit. And it happened in November.

Total U.S. credit card debt fell 12% at an annualized rate in November, a plunge not seen since the onset of the pandemic. The cause of this sudden break from America’s favorite pastime – buying stuff one can’t afford and hope to pay it back some time in the future for a modest 20+% APR – is unclear, but we know it wasn’t falling rates… because they haven’t. According to the Fed, the average interest rate for a credit card in November was a punishing 21.5%. That’s just a notch off the three-decade high of 21.8% in August. submitted by /u/FXgram_ [link] [comments]