Bill Ekman, CEO of Pursing Square Capital Management Getty Bill Ackman, the billionaire hedge-fund giant, was asked on Thursday if the nasty market route, which pulled the tech-heavy Nasdaq composite down 5%, was dark in root stocks. The answer was no. Also, maybe. “ ‘It’s certainly not the beginning of …
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Digits: New applications for unemployment benefits fell sharply last week to an epidemic low, but the overall decline was a big change in how data is reported rather than finding more people in jobs. No progress has been made in the absence of change in the labor market. Initial job …
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We are closing in on what could be the best August in stocks since 2000. And that seems optimistic, as futures are at a record high for the S&P 500 SPX on Friday. + 0.67% And Nasdaq Composite COMP, + 0.60%. Of course, autumn and winter are coming, U.S. The …
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The Dow Jones Industrial Average will see a handful of significant changes on Monday morning, but that, perhaps, change in how it will be calculated, will be the most important for Wall Street in the near term. Starting Monday’s opening, the so-called divisor – the figure used to determine the …
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U.S. The recent layoffs and furlough provocations are also creating a new obstacle to a fragile economic recovery, the pace of which seems to be waving the flag. A large number of airline carriers and hotel chains such as American Airlines AAL. + 2.33% And MGM Resorts MGM, + 4.60% …
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