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Bill Ackman’s SPAC gets OK from the SEC and he’s ready for a deal: ‘please call me’

The Securities and Exchange Commission greenlit what the Pershing Square CEO has called a SPARC — a special purpose acquisition rights company.

Published 29 September 2023
Categorised as Finance News

Mark Cuban wants to give you personalized advice for free now—here’s how to get it

Mark Cuban’s Fireside streaming platform is launching an advice network, aimed primarily at helping entrepreneurs — and Cuban himself is set to be a part of it.

Published 29 September 2023
Categorised as Finance News

Stocks making the biggest moves midday: Tesla, Nike, Carnival, Nvidia and more

These are the stocks posting the largest moves in midday trading.

Published 29 September 2023
Categorised as Finance News

Citigroup CEO Jane Fraser sees ‘cracks’ emerging among some consumers as savings dry up

Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser.

Published 29 September 2023
Categorised as Finance News

LVMH boss Bernard Arnault under investigation in Paris over Russian oligarch transactions

The Paris public prosecutor’s office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch Nikolai Sarkisov.

Published 29 September 2023
Categorised as Finance News

The Fed’s favorite inflation indicator rose less than expected in August

The personal consumption expenditures (PCE) price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain.

Published 29 September 2023
Categorised as Finance News

Stocks making the biggest moves before the bell: Nike, Blue Apron, Bumble and more

These are the stocks posting the largest moves in premarket trading.

Published 29 September 2023
Categorised as Finance News

Apps show where travelers exercise most — and least — on vacation

Data from the exercise app Strava show travelers tend to stay active in places like Split, Croatia and the islands of Greece, but less so in the Caribbean.

Published 29 September 2023
Categorised as Finance News

Can China’s economy reverse a sluggish 2023 in the last quarter? Here’s what to watch

The last three months of the year are set to bring more clarity on China’s economic outlook and any government support — especially for the real estate sector.

Published 29 September 2023
Categorised as Finance News

Bill Ackman believes the 10-year Treasury yield could approach 5% soon

The Pershing Square Capital Management CEO said he did not believe the Federal Reserve could get inflation back down to its 2% target.

Published 28 September 2023
Categorised as Finance News

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