Bill Ackman

Despite facing near-term headwinds, Nike Inc.’s (NYSE:NKE) turnaround strategy with the new CEO at the helm can propel the stock by 32% to $97 per share, said an analyst as veteran hedge fund manager Bill Ackman loads up on the shares. What Happened: Daan Rjinberk, a senior officer of trade...

Pershing Square CEO Bill Ackman questioned the upcoming closure of U.S. stock markets to honor former President Jimmy Carter, sparking debate about the intersection of commerce and presidential remembrance. What Happened: “Why does it honor a former president when we close the stock market?...

U.S. stock markets experienced a downturn today, with the S&P 500 declining by 1.07%. The NASDAQ also saw a decrease, falling by almost 1.2%. The Dow Jones Industrial Average declined almost 1%. Despite these indices in the red, certain stocks captured significant attention from investors....

Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) shares soared on Monday afternoon after billionaire investor Bill Ackman touted the stocks on social media.  The Details: Ackman, CEO of Pershing Square hedge fund, recommended the stocks as an investment with "large asymmetric upside versus downside...

On Sunday, Jeff Bezos, founder of Amazon.com, Inc. (NASDAQ:AMZN), denied rumors that he has planned a $600 million wedding to marry his fiancée, Lauren Sanchez. Bezos and several other celebrities reacted to the since-debunked report on social media.   What To Know: The Bezos wedding...

Bill Ackman once sought insights from Berkshire Hathaway's chairman Warren Buffett about the investment appeal of the Salomon Brothers. What Happened: At the 1994 Berkshire Hathaway annual meeting, Ackman, then a young hedge fund manager, raised a critical question about Salomon Brothers. He...

If your investment portfolio feels like a headache right now, legendary investor Bill Ackman says not to worry—it'll eventually be a "blip." What Happened: The billionaire hedge fund manager, who founded Pershing Square Capital in 2004, has built a fortune of $3.7 billion by sticking to a set of...

Bill Ackman, CEO Of Pershing Square Capital Management, shared his views on how the Department of Government Efficiency can effectively influence policy decisions, using the recently scuttled spending bill as an example. What Happened: On Wednesday, Ackman outlined a three-step strategy for DOGE to...

On Tuesday, Pershing Square Capital Management CEO Bill Ackman slammed what he said were attempts by the Biden administration to “make permanent the Deep State” in a post on X. What Happened: Ackman said, “Biden is attempting to make permanent the Deep State before he leaves...

Mexican President Claudia Sheinbaum offered a sharp rebuke of President-elect Donald Trump‘s tariff threats. What Happened: According to Bloomberg. Sheinbaum has suggested that Mexico could respond to U.S. tariffs with a protectionist policy of its own. "One tariff will be followed by another...

President-elect Donald Trump dropped an economic bombshell Monday, announcing plans to slap hefty tariffs on key U.S. trade partners once he returns to the White House on Jan. 20. Trump pledged 25% tariffs on all Mexican and Canadian imports and an additional 10% levy on Chinese goods, which would...

Chipotle Mexican Grill Inc (NYSE:CMG) officially named Scott Boatwright as its permanent CEO, months after Brian Niccol's exit to Starbucks Corp (NASDAQ:SBUX). Boatwright, who joined Chipotle in 2017 and has served as interim CEO since August, is now tasked with taking the burrito giant to new...

Editor’s note: This story has been updated with additional comments tweeted by Bill Ackman. Billionaires are lining up to serve in President-elect Donald Trump‘s incoming administration, especially those eager to cut federal assistance programs. Bill Ackman is one of them. On Friday...

Pershing Square’s Bill Ackman has formally endorsed former President Donald Trump for the 2024 U.S. presidential election. His reasons largely center around national security. What To Know: Ackman has historically been a Democratic political donor. He said Wednesday on CNBC’s...

This week was a whirlwind of financial news, with billionaires clashing over political policies, renowned investors offering advice to world leaders, and economists warning against potential economic pitfalls. Let’s dive into the top stories that made headlines. Mark Cuban And Bill Ackman...