Billionaire Bill Ackman’s investment vehicle Pershing Square has offered to buy the remainder of real estate developer Howard Hughes for $85 per share, driving its stock higher.
U.S. stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week, boosting expectations that the Federal Reserve will maintain a hawkish stance for most of this year. At 09:50 a.m. the Dow Jones Industrial Average rose 105.06 points, or 0.25%, to 42,043.51, the S&P 500 lost 40.79 points, or 0.70%, to 5,786.25, and the Nasdaq Composite lost 274.13 points, or 1.43%, to 18,887.50. At one point, traders were no longer fully pricing in even one Fed rate cut this year, according to data compiled by LSEG, from about 43 basis points before Friday's job figures.
Tender rejection rates were back on the rise this week as winter weather impacted markets across the south. Tender volumes start 2025 down y/y The post Winter weather helps market stabilize after holidays appeared first on FreightWaves.
Where in the world is leading the private banking sector this year?
Stocks are under pressure as strong data craters bets on the chances of Fed rate cuts.
The Nasdaq Composite gained 28% between January 2024 and January 2025. But the ARK Innovation ETF returned just 16.5%.
Etsy upgraded, Pinterest downgraded: Wall Street's top analyst calls
The S 500 is probably halfway through its setback already, says Truist strategist.
(Bloomberg) -- Thaksin Shinawatra, the de facto chief of Thailand’s ruling party, called for tighter regulatory oversight, better corporate governance and tax incentives for long-term equity investors to revive confidence in the country’s stock market.Most Read from BloombergA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionNew York, San Francisco Ranked Worst for US Traffic in City CentersThe two-time former prime mi
Specialty discount store chain Five Below Inc. (NASDAQ:FIVE) shares are trading higher in premarket Monday after an upbeat 2024 holiday sales. The company posted a net sales increase of 8.7% to $1.19 billion for the holiday period, which covered nine weeks from November 3, 2024, through January 4, 2025. This compares to the sales of $1.10 billion during the same period last year. However, comparable sales for the period dipped by 3.2%. Tom Vellios, Executive Chairman and co-founder, said, “The i