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2 mins read
Billionaire investor Bill Ackman predicts stubborn inflation and downplays the risk of a genuine recession
The Pershing Square boss called for the Federal Reserve to roughly triple interest rates by next ye…
Theron Mohamed
1 min read
Textile company Shri Techtex IPO to open on July 26; price band fixed at ₹54-61/share
Ahmedabad-headquartered technical textile manufacturer Shri Techtex on Monday said it has set a pri…
PTI
2 mins read
Billionaire investor Bill Ackman warns inflation is spiraling - and predicts the Fed will hike interest rates to over 5% next year
The Pershing Square boss expects the Fed to raise rates by another 0.75 basis points in July, then …
Theron Mohamed
1 min read
PayPal is reportedly exploring stock-trading service for US customers
To help launch the effort, PayPal hired Rich Hagen to lead a previously unreported division called …
Isabelle Lee
5 mins read
Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlin…
Dan DeFrancesco
2 mins read
'Bond King' Jeff Gundlach urges the Fed to immediately raise interest rates to 3% and Bill Ackman calls for rapid-fire hikes of 100 basis points
Gundlach called on the Fed to raise interest rates by at least 200 basis points at its Wednesday me…
Theron Mohamed
3 mins read
Real estate company Signature Global’s stock settles with 18% listing gains
Signature Global’s stock debuted on the bourses at a 15% premium, ahead of grey market’s expectatio…
2 mins read
Nvidia's earnings could mark the start of the Roaring '20s for the US economy
The question may not be whether the economy enters a Goldilocks scenario but a red-hot return to th…
Phil Rosen
2 mins read
MrBeast plans to take on Hershey's with his Feastables brand - and says shorting a stock 'seems lame'
MrBeast, whose real name is Jimmy Donaldson, faces an uphill battle if Warren Buffett and Elon Musk…
Theron Mohamed
3 mins read
Adani Energy Solutions attains financial closure for its $1 bn green loan facility from 9 banks
Adani Energy Solutions Limited (AESL) on Monday announced the financial closure for its $1 billion …
1 min read
Bill Ackman's Pershing Square has potentially lost $400 million on paper after buying Netflix stock in January
Netflix shares plummeted on Wednesday as investors reacted to slower growth and a shrinking subscri…
Theron Mohamed
2 mins read
Wedbush says Tesla's bitcoin investment will spark further corporate adoption - and highlights 4 stocks already poised to gain from the crypto boom
Shares of PayPal, Square, Mastercard, and Visa could benefit as more institutions adopt cryptocurre…
Emily Graffeo
1 min read
Bill Ackman's SPAC falls after confirming talks to acquire 10% of Universal Music in long-awaited deal
Pershing Square Tontine Holdings fell as much as 11.6% Friday after the SPAC confirmed it is in tal…
Emily Graffeo
2 mins read
Square's crypto business could generate $1 billion in profit if bitcoin soars to $100,000, Wall Street analyst says
Bitcoin traded above $39,000 for the first time ever on Thursday, and the crypto market as a whole …
Matthew Fox
2 mins read
Bill Ackman and Cathie Wood lead the charge back into tech stocks as the sell-off attracts dip-buyers
Ackman and Wood's purchases reflect that many in the market think the sell-off in big-name technolo…
Harry Robertson
2 mins read
Palantir is poised to surge 80% as the company remains an 'undiscovered gem' of the AI boom, Wedbush says
Welbush's Dan Ives raised Palantir's 12-month price target to $30 a share. The stock closed on Mond…
Yuheng Zhan
3 mins read
'Another train wreck' earnings call: How Wall Street is reacting to Tesla's sobering 4th-quarter report
"We were dead wrong expecting Musk and team to step up like adults in the room," Dan Ives of Wedbus…
Jennifer Sor
2 mins read
Bill Ackman plowed more than $1 billion into Netflix stock in 4 days, showing his eagerness to pounce during sell-offs
Ackman's Pershing Square snapped up Domino's Pizza stock last year, and plowed about $2 billion int…
Theron Mohamed
2 mins read
Square gets a street-high $330 price target from Deutsche Bank on Cash App stimulus potential
Deutsche Bank analysts led by Brian Keane believe another round of government stimulus will boost C…
Will Daniel
2 mins read
Square has already raked in $34 million just one month after making a huge bitcoin investment
Square purchased 4,709 bitcoins in October at an average price of $10,618, representing an aggregat…