Bill Ackman’s special-purpose acquisition company Pershing Square Tontine Holdings raised its IPO target to $ 4 billion from $ 3 billion, according to a regulatory filing Monday. SPAC now aims to go public with 200 million units at a price of $ 20 each. The new goal should set a …
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Despite the gravity-defying Tesla surge so far in 2020, the action has more room to run, according to a Monday note from Piper Sandler. Sandler raised its Tesla price target from $ 939 to a high of $ 2,322, implying a potential upside of 55% since Monday’s close. The company …
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Charles Scharf Michael Nagle | Bloomberg | fake pictures Wells Fargo released its first quarterly loss since the financial crisis on Tuesday, as the bank set aside $ 8.4 billion in reserves for credit losses linked to the coronavirus pandemic. The bank had a net loss of $ 2.4 billion …
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Pedestrians pass by a Citibank branch in Washington, DC Andrew Harrer | Bloomberg | fake pictures Citigroup reported second-quarter results on Tuesday that beat analysts’ expectations thanks in part to a massive surge in business revenue that helped offset a slowdown in the company’s consumer banking business. This is how …
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Treasury Secretary Steve Mnuchin with the national debt signage in the background. Tom Williams | CQ Roll Call | fake pictures The federal government incurred the largest monthly budget deficit in history in June, as spending on programs to combat the coronavirus recession exploded as millions of job losses reduced …
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