business news

Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors

Pershing Square’s Bill Ackman is set to offer a new investment vehicle listed on the New York Stock Exchange, aiming to…

U.S. engineer contacted China before stealing missile tracking tech, DOJ says

Federal prosecutors charged an engineer who worked at a Los Angeles-area company with stealing trade secret technologies developed for use…

Trump-admiring populist Milei lashes out at Argentina’s governors after major reform bill setback

Argentina’s president, Javier Milei, accused governors of seeking “to destroy” his sweeping economic reform bill, shortly after his ruling party…

EU tells Hungary its ‘sovereignty’ law violates EU law

Hungary’s new law on “protecting national sovereignty”, which the ruling Fidesz party said was necessary to protect against foreign political…

Fed Governor Kugler backs caution on rates; Kashkari expects only two or three cuts

Federal Reserve Governor Adriana Kugler said Wednesday inflation is showing solid signs of slowing down, but she is not ready…

5 things to know before the stock market opens Wednesday

Here are the most important news items that investors need to start their trading day: Stocks have pulled back from…

NYCB names new chairman after Moody’s downgrades bank’s credit rating to junk

New York Community Bank on Wednesday promoted its chairman to help stabilize the company’s operations, hours after Moody’s Investors Service downgraded the bank’s…

China appoints ‘Broker Butcher’ Wu Qing as new chairman of securities regulator

China’s Cabinet on Wednesday appointed markets veteran Wu Qing as chairman of the China Securities Regulatory Commission, state media Xinhua…