An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | fake pictures Chipotle Mexican Grill is expected to report its second quarter earnings after the bell on Wednesday. This is what Wall Street expects, based on an analyst survey …
Read More »Bill Ackman’s blank check company has just started operating. What you need to know.
Text size William Ackman Bryan Bedder / Getty Images for The New York Times A special-purpose acquisition company, or SPAC, sponsored by Bill Ackman’s Pershing Square Capital Management, made its debut on the New York Stock Exchange on Wednesday in the largest initial public offering of blank checks. The offering …
Read More »Pershing Square ‘receives no compensation’ for new SPAC investment vehicle
Pershing Square Capital Management founder Bill Ackman said his new special-purpose acquisition company is the “investor-friendly SPAC in the world.” “What’s new in our structure is that it is the first SPAC where we are not receiving compensation: no management fees, incentive fees … we are not buying cheap stocks. …
Read More »Tensions between the United States and China affected the actions; gold and silver soar
LONDON / SINGAPORE (Reuters) – The euro traded to an 18-month high on Wednesday as financial markets continued to bask in the glow of the EU funds recovery agreement, while a boom in precious metals led to recent gains in the silver at 20% and gold at a maximum of …
Read More »The euro remains high as investors bet that the recovery hinders the dollar, stocks rise
SINGAPORE / NEW YORK (Reuters) – The euro remained at its highest point in 18 months, silver soared and commodities advanced on Wednesday as hopes of economic recovery pushed up bets on a recovery in global demand and the fall of the US dollar. FILE PHOTO: A security guard wearing …
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