Billionaire hedge-fund manager Bill Ackman’s largest-ever “blank check” company went public Wednesday, with more than $4 billion in its kitty to acquire a yet-undetermined company, and it has two years to pick one.
The technology-heavy stock-market gauge is on the verge of equaling the longest streak without back-to-back losses since May 7, 1978
U.S. stocks were mostly higher Wednesday, ahead of corporate results from Tesla and Microsoft, but with buying seen in utilities and other sectors viewed as defensive, as Sino-American tensions rise.
Gold and silver rise further Wednesday, getting a boost after China said the U.S. had ordered it to close its Houston consulate, marking a further climb in tensions between the two countries and sparking demand for haven assets.
‘As the massive monetary and massive fiscal stimuli (over $15T globally) conjoin to save the economy from a deflationary depression, they will cause instead a hyperinflationary economic collapse,’ Larry McDonald warned.
On the cusp of tapping into investments, how to generate income for life — and beyond
Earlier this year, lBill Smead expressed his frustrations over Warren Buffett’s “maximum defense” approach. A couple months later and he’s still taking issue with the Berkshire boss.
‘He’s a little bit of an alarmist,’ President Trump says of Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases.
