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Tether's leaders double down on gold

Tether's top three executives personally bought more Gold.com stock this week, building on the stablecoin giant's existing stake in the gold-trading platform.

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6 moves

Paolo ArdoinoInvestmentFinanceGOLDAI read · ▲ Doubling down on gold

Tether's leaders add to their Gold.com stake

The move

Tether's Paolo Ardoino, Giancarlo Devasini and Jean-Louis van der Velde each bought 100,000 shares of Gold.com (NYSE: GOLD) between October 26 and October 28, paying about $3.9 million apiece, according to SEC filings. The purchases add to Tether's existing stake in the gold-trading platform, built through a $150 million investment the company announced in February 2026.

Why it matters

The purchases follow Tether's broader push to tie its stablecoin business to gold, which chief executive Paolo Ardoino has described as a long-term hedge rather than a trade.

The bear case

All three purchases were filed on the same day under the same SEC accession number, which suggests one coordinated move tied to Tether rather than three independent bets on the stock.

What to watch

Any further SEC filings on Tether-linked ownership of Gold.com.

Source · SEC EDGAR (Form 4)Read original ↗Report an error

Steve BallmerIPO / MarketsMediaSTGWAI read · ▲ Beat and raise

Stagwell beats estimates, raises 2026 guidance

The move

Stagwell, the marketing holding company majority-owned by Steve Ballmer, reported Q3 2026 revenue of $816 million, up 10% from a year earlier, with adjusted EBITDA of $145 million, up 25%, and adjusted earnings per share of $0.34, up from $0.24. The company raised its full-year adjusted EBITDA guidance to $490 million-$540 million and its adjusted EPS guidance to $1.07-$1.21.

Why it matters

Growth in digital transformation and marketing-cloud work offset a decline in traditional marketing services, giving management enough confidence to raise its full-year targets.

The bear case

GAAP earnings per share actually fell to $0.07 from $0.09 a year earlier, a reminder that the adjusted figures investors cheered strip out real costs.

What to watch

Stagwell's next earnings report, expected in February 2027.

Source · Stagwell Inc. (SEC Form 8-K)Read original ↗Report an error

Carlos Slim Helu & familyDivestitureEnergyTALOAI read · ▼ Trimming the position

Carlos Slim sells down his Talos Energy stake again

The move

Carlos Slim's investment arm, Control Empresarial de Capitales, sold about 4 million more shares of Talos Energy between October 23 and October 28, worth roughly $73.5 million combined, according to SEC filings. The sales cut its holding to about 20.5 million shares, extending a trim that began earlier in October.

Why it matters

The filings don't state a reason, but Control Empresarial has been selectively paring the position while staying near the ownership levels set out in its cooperation agreement with Talos.

The bear case

Control Empresarial still held about 24% of Talos as of mid-2026 and bought shares of Talos and PBF Energy earlier this year, so the October sales look more like trimming a large position than exiting it.

What to watch

Whether Control Empresarial's stake approaches the 25% cap set in its cooperation agreement with Talos.

Source · SEC EDGAR (Form 4)Read original ↗Report an error

Thomas Frist Jr & familyIPO / MarketsHealthHCAAI read · ▼ Beat, but cautious

HCA Healthcare beats estimates, but shares slide

The move

HCA Healthcare, the hospital chain founded by the Frist family, reported Q3 2026 revenue of $19.85 billion, up 3.6% from a year earlier, and adjusted diluted earnings per share of $7.22, beating analyst estimates of about $6.65. Same-facility admissions grew 2.7%. Management said a shift toward more uninsured patients cost the company roughly $400 million in pretax income during the quarter.

Why it matters

Hospital demand stayed strong, but the loss of exchange-plan coverage among some patients is squeezing margins even as the top line grows.

The bear case

Shares fell more than 4% after the report, as investors focused on management's caution that 2027 earnings will stay roughly level with 2026 rather than on the quarterly beat.

What to watch

HCA's next earnings report, expected in late January 2027.

Source · FierceHealthcareRead original ↗Report an error

Len BlavatnikInvestmentMediaPrivateAI read · ▼ Doubling down

Blavatnik extends DAZN's lifeline after $980 million loss

The move

Access Industries, the investment firm of Len Blavatnik, told DAZN's board it intends to keep providing financial support for 12 months, after the sports-streaming company posted a $979.7 million net loss for 2025 on $3.8 billion of revenue, according to accounts filed at the UK's Companies House. Access lent DAZN $610 million in 2025 and a further $360 million so far in 2026.

Why it matters

DAZN's operating loss widened to $939.8 million from $772.9 million the year before, and the company is restructuring into a new Cayman Islands holding company while it keeps burning cash.

The bear case

The directors noted that the support letter is not a legally enforceable or binding commitment, so it signals intent rather than a guaranteed backstop if DAZN's losses keep growing.

What to watch

Whether DAZN's new holding-company structure or any IPO talks change the terms of Access's support.

Source · CEOWORLD magazineRead original ↗Report an error

Warren BuffettInsider tradeHealthDVAAI read · ▼ Routine trim

Berkshire trims its DaVita stake again

The move

Berkshire Hathaway sold 382,563 shares of DaVita on October 27 for about $69 million, an SEC Form 4 shows, trimming its stake to roughly 28.3 million shares.

Why it matters

The sale keeps Berkshire under a 45% ownership ceiling it has agreed to with DaVita, which must be maintained as DaVita buys back its own stock.

The bear case

Berkshire still owns about 45% of DaVita and has made similar mechanical sales in past quarters, so this isn't a sign of lost conviction in the stock.

What to watch

Berkshire's next quarterly Form 4 on DaVita, tied to the companies' ownership-cap agreement.

Source · SEC EDGAR (Form 4)Read original ↗Report an error

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Stephen SchwarzmanForm 4▲ Bought about $2.7 million of Blackstone Private Real Estate Credit & Income Fund shares

Form 4 insider trades post within 2 business days. 13F fund holdings can arrive 45 days after quarter end.

What to watch

Apple reports fiscal Q4 results on November 2.AMD reports Q3 earnings on November 3.HCA Healthcare's next earnings report is expected in late January 2027.Whether Control Empresarial's Talos Energy stake approaches its 25% ownership cap.

If you run a business, not a fund

A founder who keeps funding a money-losing business, like Blavatnik backing DAZN again, is betting on a longer runway than the headline losses suggest - worth asking the same question about your own strategic losses.A beat-and-raise quarter doesn't guarantee a stock rewards you if investors are worried about next year's costs, as HCA found out - good current numbers alone may not satisfy a lender or investor reviewing your full-year outlook.Ownership caps and buyback agreements, like Berkshire's with DaVita, can force routine selling that looks dramatic but isn't - read the terms behind a big shareholder's trade before reacting to it.