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.…
The Fed’s preferred inflation measure rose 0.2% in April, as expected
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according…
Stocks making the biggest moves premarket: Dell Technologies, Ulta Beauty, Ambarella, Gap and more
Check out the companies making headlines in premarket trading. Dell Technologies — Stock in the personal computer and technology company…
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did…
EU’s 14th sanctions package must target circumvention, energy exports, Zelenskyy advisor says
The European Union’s upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down…
South Africa’s election portal resumes showing partial results after brief glitch
Live updates of partial results from South Africa’s parliamentary election reappeared on the electoral commission’s website, following a glitch of…
Austin expresses ‘concern’ to China defense chief over its activities in Taiwan Strait
SINGAPORE — U.S. Defense Secretary Lloyd Austin expressed concern over China’s naval activity in the Taiwan Strait to his Chinese…
Ukraine war updates: Russia says it isn’t bluffing over threats to use nuclear weapons; ‘difficult night’ for Kharkiv
This was CNBC’s live blog tracking developments on the war in Ukraine. Russia’s Dmitry Medvedev said on Friday that the…
France is aiming to become a global AI superpower — but not without help from U.S. Big Tech
PARIS — France is touting itself as the next artificial intelligence superpower. The Viva Technology conference in Paris last week…
Biden, Democrats react to Trump’s guilty verdict: ‘No one is above the law’
The Biden campaign wasted no time slamming former President Donald Trump and making a plea for campaign donations, minutes after…
