Bill Ackman selling stake in Pershing Square at $10.5 billion valuation, aiming for IPO one day
Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public.…
Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according…
37% of Americans paid a late fee in the last 12 months, report finds
Many consumers are finding it hard to keep up with their bills. To that point, 37% of Americans have been…
Jim Chanos calls suit accusing him of embezzling funds ‘baseless and defamatory’
Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, “false, baseless and defamatory.”…
Crypto exchange Gemini returns $2.2 billion to users after pausing withdrawals 18 months ago
Customers with funds locked up in crypto exchange Gemini’s defunct crypto lending program are finally going to start getting their…
Clean Energy Ventures raises $305 million to back early-stage climate startups
Clean energy stocks may be underperforming in the public market. But there is still a great appetite for companies focused…
This new weight loss drug ETF bets big on two of the industry’s leading players
A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments’ GLP-1 &…
Wall Street ponders what happens to booming private credit market when you-know-what hits the fan
The explosion of private credit has been met with a whole host of concerns, but among the louder ones more…
This ETF aims to capture China’s own ‘Magnificent Seven’
Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza…
