Dalio Says U.S. in Decline as China Rises, Warns of Election Risk (Bloomberg Quint)
(Bloomberg) — Bridgewater Associates founder Ray Dalio said there’s a “reasonable chance” neither major U.S. political party will accept the results of the 2024 election. “There is a worry that one should have about the divisiveness and what it means for each other,” Dalio said Monday during a wide-ranging interview for “The David Rubenstein Show: Peer-to-Peer Conversations,” scheduled for broadcast Feb. 2 on Bloomberg Television.
Trian Expected to Revive Its P&G Playbook with Unilever (Reuters)
BOSTON, Jan 25 (Reuters) – Two and a half years ago Nelson Peltz, the billionaire activist investor who often presents himself as a partner with constructive advice for companies, told an audience of pension and hedge funds that no one had a monopoly on good ideas.
Activist Macellum Asks for a Seat on Kohl’s Board and for a Commitment to Explore a Sale (CNBC)
Activist hedge fund Macellum Advisors has been asking Kohl’s to consider selling itself. With Kohl’s confirming parties have expressed interest in an acquisition, Macellum said it wants at least one seat on the retailer’s board. Macellum, which owns roughly 5% of Kohl’s stock, said that it also wants Kohl’s to publicly commit to carrying out a process in which it reviews strategic alternatives. The letter comes a day after Starboard Value-backed Acacia Research confirmed an all-cash offer to buy Kohl’s at $64 a share, valuing the retailer at roughly $9 billion.
Robotics Startups Seek to Build a Better Self-Driving Lawn Mower (Bloomberg)
Tiger Global led an investment in Electric Sheep Robotics, which makes a device for large-scale, autonomous commercial mowers. Hundreds of well-funded robotics startups are working on self-driving cars, self-piloting drones and shelf-diving warehouse robots. One lesser-known area that’s beginning to draw the attention of investors: autonomous lawn mowers. Electric Sheep Robotics Inc., which makes an add-on device for commercial mowers, plans to announce a $21.5 million funding round Tuesday led by Tiger Global Management. It’s one of several companies with their eyes on green pastures.
Anthony Scaramucci Says Crypto Investors should Ride Out the Dotcom-Style Crash as It’s Early Days for Bitcoin (Market Insider)
Bitcoin’s recent price crash doesn’t necessarily mean the cryptocurrency is faltering, crypto investor Anthony Scaramucci believes. The SkyBridge Capital boss compared the recent crash in digital currencies to the tech shakeout during the dot-com era of the late 1990s, when many companies collapsed or fell by the wayside.