A brief history of activist investors in tech and the role they play

On Tuesday, activist investor Starboard Value revealed a significant stake in Salesforce, sending the company’s stock climbing more than 7%. A hedge fund founded in 2002 by Jeffrey Smith and Mark Mitchell, Starboard has a history of affecting change at major companies, spurring the spinning off of media startup Patch from AOL in 2014 and…

A judge sentenced Steve Bannon to 4 months in prison but let him remain free while he appeals his conviction

Steve Bannon bemoaned publicity around House January 6 committee hearings as he tried to delay his trial. Tasos Katopodis/Getty Images The House referred Steve Bannon for prosecution last year after he defied the January 6 committee. Bannon argued ahead of sentencing that any jail term should be “suspended” pending his appeal. The Justice Department had…

Formula One is returning to the United States for the last time this season — here’s how to livestream the F1 US Grand Prix

When you buy through our links, Insider may earn an affiliate commission. Learn more. The Singapore F1 Grand Prix is held at the Marina Bay Street Circuit. Charles Coates/Getty Images The F1 US Grand Prix is scheduled for October 23 at 3 p.m. ET on ABC and ESPN3. Practice and qualifying runs will air on…

Russia could evade the G7’s plan to cap crude prices and still export 90% of its oil, US Treasury official says

Russian President Vladimir Putin smiles during a meeting with the Secretary-General of the Organisation of the Islamic Conference (OIC) Ekmeleddin Ihsanoglu in Moscow’s Kremlin June 7, 2006. REUTERS/Shamil Zhumatov Russia could still evade the G7’s plan to cap crude prices and sell most of its oil, a US Treasury official told Reuters. Russia has enough…

A month after Putin started drafting Russians to fight in Ukraine, some are already coming home in body bags

Russian President Vladimir Putin meets soldiers during a visit at a military training centre of the Western Military District for mobilized reservists, outside the town of Ryazan on October 20, 2022. MIKHAIL KLIMENTYEV/Sputnik/AFP via Getty Images Russia announced the mobilization of 300,000 people one month ago. Training appears to be minimal, with many already fighting,…

Stocks likely bottomed this month following the September inflation report as investors scramble to exit the bear market, analyst says

Traders work on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty Images Stocks likely reached a bottom on the day of the S&P 500’s big swing sparked by the September inflation report, said Carson Group.  “The action last Thursday had some of the hallmarks of a capitulation low,” chief market strategist Ryan…

Zelenskyy says Russia plans to blow up a Ukrainian dam. The Soviets used the same tactic in WWII to slow a Nazi invasion, killing thousands of civilians.

A German soldier observes the wreckage of the giant Dnieper Dam after its destruction by retreating Russians. In the background are seen burning industrial plants. Keystone via Getty Images Zelenskyy accused Russian forces of planning to blow up a major dam in southern Ukraine. He said flooding would sweep across dozens of towns and hundreds…