by Chris Bryant Bill Ackman’s decision to return $4 billion to investors rather than pursue a controversial SPAC deal shows admirable restraint. But it’s unlikely to appease the risk-taking gamblers flocking to Pershing Square’s Tontine (better known as PSTH) company. Not only did it fail to pull off an attractive merger, but amateur investors got […]
Tag: Bill Ackman
Bill Ackman: The Fed should cause ‘shock and awe’ in the markets
The Federal Reserve will have to cause “shock and awe” in the markets with a large increase in interest rates in order to “regain its credibility,” said Bill Ackman. The billionaire hedge-fund manager said the US Federal Reserve would have to resort to the traditional method of “shock and awe” in the financial markets, making […]
Dow tanks 1,000, S&P 500 down 5%, virus cases jump
Trader Thomas Lee works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. Richard Drew | AP This is a live blog. Please check back for updates. 10:35 am: Walmart jumps 5%, gets an upgrade from Credit Suisse While the broader market moves lower, shares of Walmart are up more than […]