Billionaire Dan S. Loeb, the founder of Third Point, exited his stake in Bath & Body Works, Inc. ( BBWI ) in the fourth quarter of 2024. Details: As of the third quarter of 2024 filings, the investor had 11,785,000 shares in the company. Notably, Loeb has been cutting stakes in Bath & Body Works ( BBWI ) in the last couple...

03:38 PM EDT, 03/11/2025 (MT Newswires) -- Martin Midstream Partners ( MMLP ) was higher more than 3% on Tuesday, after activist investor Caspian Capital said is ending its bid to acquire the petroleum terminal and storage company. Caspian previously led investor opposition to Martin Midstream's ( MMLP ) proposed acquisition by Martin Resource Management, the company's general partner, arguing...

March 11 (Reuters) - Franklin Templeton is planning to launch an exchange-traded fund that will track the spot price of cryptocurrency XRP, underscoring the increasing appetite of asset managers for digital assets beyond bitcoin. Franklin's filing on Tuesday is the latest in a series of spot cryptocurrency ETF filings by asset managers, who expect a more receptive approach from the...

03:29 PM EDT, 03/11/2025 (MT Newswires) -- Consumer stocks declined late Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.2%. Redbook US same-store sales rose by 5.7% from a year earlier in the week ended March 8, slower than a 6.6% year-over-year increase in the...