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Trade · New YorkWall Street’s sure-fire, money-minting trade of 2024 – going all-in on Big Tech – was upended this week, sparking stock volatility across the board and thrashing momentum-chasing investors along the way.See the Story
Big tech trade shudders just as stock pickers make a comeback
100% Left coverage: 1 sources
IPO · New York(Reuters) -Pershing Square USA, a fund managed by billionaire Bill Ackman, has postponed its initial public offering, according to a notice on the New York Stock Exchange’s website on Friday. The delay follows Ackman’s recent slashing of the fundraising target for the U.S. fund. The IPO was originally scheduled to price on Monday. Pershing Square did not immediately respond to a Reuters request for comment. (Reporting by Arasu Kannagi Basil in B…See the Story
Ackman’s Pershing Square USA postpones IPO, NYSE website shows
75% Center coverage: 4 sources
Janet Yellen · United StatesUS Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.See the Story
Yellen Rejects Roubini Claim of ‘Manipulation’ in Treasuries
100% Left coverage: 1 sources
Emmanuel Macron · ParisArgentine President Javier Milei’s first official visit to Paris to meet Emmanuel Macron Friday will be overshadowed by a racism scandal that began on the soccer field and spilled into the political arena.See the Story
Milei Meets Macron in Paris Visit Overshadowed by Racism Scandal
100% Left coverage: 2 sources