Billionaire investor Bill Ackman has decided to postpone the highly anticipated listing of Pershing Square’s U.S. closed-end fund. The New York Stock Exchange’s website announced that the initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed indefinitely. This delay follows a regulatory filing dated Thursday, in which Ackman revealed
As the Biden administration’s new income-driven repayment plan, known as SAVE, faces legal challenges, millions of federal student loan borrowers are currently on pause from making any loan payments. The U.S. Department of Education has placed eligible borrowers enrolled in the SAVE plan into administrative forbearance until the legal battle surrounding the program is resolved.
The latest collaboration between Disney and Marvel, “Deadpool & Wolverine,” has shattered records with a staggering $38.5 million in Thursday previews alone. This achievement sets the stage for a domestic opening weekend projection well above $150 million, positioning it as a potential milestone for R-rated films in the industry. The anticipation surrounding this release, as
Bristol Myers Squibb recently released its second-quarter earnings report, exceeding expectations in both earnings and revenue. The pharmaceutical giant raised its full-year revenue forecast to an increase in the “upper end” of the low single-digit range. This is a significant improvement from its previous guidance earlier in the year. Additionally, the company raised its 2024
The luxury powerhouse LVMH has made history by becoming the first luxury brand to sponsor the Olympic Games. This groundbreaking partnership between the Olympic Committee and LVMH, led by Chairman and CEO Bernard Arnault, represents a significant investment of approximately $160 million. The collaboration encompasses a wide range of LVMH brands such as Celine, Louis
Living in a major city in Asia can be quite expensive, especially when it comes to monthly rent. According to data by Numbeo, the monthly rent in Shanghai’s city-center can cost approximately $2,700. However, Hong Kong and Singapore top the list for the highest cost of living in Asia. A family of four can expect
The recent approval of spot ether exchange-traded funds by the Securities and Exchange Commission marks a significant milestone in the cryptocurrency markets. With firms like Franklin Templeton and VanEck launching their respective ETFs, investors are eager to capitalize on this new investment opportunity. Despite the initial enthusiasm surrounding the launch of spot ether ETFs, the
American Airlines recently announced a significant slash in its profit forecast for the year due to the failure of a sales strategy. The airline now expects to earn between 70 cents to $1.30 per share this year, a substantial decrease from the $2.25 to $3.25 a share it had originally forecasted in April. This new
Social Security benefits are a critical source of income for most retirees in the United States. However, recent research from the National Institute on Retirement Security reveals that many Americans do not have a clear understanding of how much they can expect to receive in benefits. According to the research, only 11% of non-retired Americans
Kamala Harris has been a vocal advocate for affordable housing throughout her political career. As she stands to become the Democratic nominee for president, the question arises about how her policies will align with those of President Joe Biden. Harris has a track record of introducing legislation and initiatives aimed at protecting homeowners and renters,