Investing News

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this month. Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) is likely to finish the transaction by June 22,

The market conditions and technology in the mania over current meme stock AMC Entertainment are vastly different from day trading during the dot-com bubble of the late 1990s, online brokerage pioneer and former options trader Tom Sosnoff told CNBC on Friday. “There’s no comparison between the day traders of 1999-2000, and that first transition into

Productivity measures the efficiency of a company’s production process. It is calculated by dividing the outputs produced by a company by the inputs used in its production process. Common inputs are labor hours, capital and natural resources, while outputs are generally measured in sales or the number of goods and services produced. Productivity can be

Starship prototype SN10 fires its three Raptor engines as it comes in for the landing. SpaceX The U.S. Air Force is expanding a small development program that wants to leverage reusable rockets, like those SpaceX is building, to deliver cargo quickly to anywhere in the world. Called Rocket Cargo, the experimental military program will be

In this article BBBY BB AMC Joe Moglia, former CEO of online trading platform TD Ameritrade, issued a stern warning Thursday about using leverage to try to outsize returns in meme stocks. “My biggest concern is what’s going on with the individual investor” using borrowed money to trade more than they have, Moglia told CNBC’s

In the financial world, advisors and planners are compensated in one of two basic ways: by earning flat fees or by earning commissions. A fee-only financial advisor is paid a set rate for the services they provide, rather than getting paid by commission on the products they sell or trade. Should you be working with

[The livestream is scheduled to begin at 1 p.m. EDT. Please refresh the page if you do not see the player above] SpaceX plans to send the latest cargo mission for NASA to the space station on Thursday, with Elon Musk’s company going for its 17th launch this year. The company is targeting 1:29 p.m.

The Crew Dragon capsule sits on top of the SpaceX Falcon 9 rocket at Launch Complex 39-A at Kennedy Space Center, Fla., Friday, May 29, 2020. Joe Burbank | Orlando Sentinel | Getty Images Private spaceflight specialist Axiom Space on Wednesday announced a deal with SpaceX that added three more crewed flights to the International

When most people think of Mastercard, Inc. (MA), they think of credit cards. While it’s true that the Mastercard brand is one of the top worldwide labels for debit, credit, and prepaid cards, Mastercard doesn’t consider itself to be a “credit card company,” per se. Rather, Mastercard is a “technology company in the global payments

In this article AMC An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Mudrick Capital raised eyebrows on Tuesday when it bought 8.5 million shares of AMC Entertainment through an offering from the theater chain,

In this article KODK Workers at the KODAK billboard at Times Square, March 2004. Avalon | Hulton Archive | Getty Images The New York Attorney General on Tuesday asked a court to force Kodak’s CEO to publicly testify amid an investigation over allegations of insider trading. The petition, filed with the New York County State

Who Is Wilbur Ross? Wilbur L. Ross, Jr. (b. 1937) is a billionaire investor who spent a quarter-century working as a bankruptcy restructuring advisor for Rothschild Investments. Despite his wealth, he has been dubbed the “king of bankruptcy” for a record of leading failing companies. In the early 1990s, he helped a struggling casino magnate—Donald

An information cascade occurs when a person makes a decision based solely on the decisions of other people, while ignoring their own personal knowledge to the contrary. It’s a theory used in the field of behavioral economics and has important implications for financial markets. Recognizing and avoiding this behavior can help people make better financial

A butcher stocks a display case with packages of steaks at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Don’t tell Costco executives that inflation is low. The big-box club chain said it’s been seeing accelerating prices across a range of products, including shipping containers, aluminum foil and

An employee preps a John Deere & Co. excavator for sale at Martin Equipment in Rock Island, Illinois. Daniel Acker | Bloomberg | Getty Images With May coming to a close, Wall Street analysts are fine tuning their recommendations as COVID-19 vaccinations pave the way for further economic re-opening this summer.   We used TipRanks

When Was the First Swap Agreement and Why Were Swaps Created? Swap agreements—derivative contracts by which the parties exchange cash flows or liabilities from two financial instruments—originated from agreements created in Great Britain in the 1970s to circumvent foreign exchange controls adopted by the British government. The first swaps were variations on currency swaps. The British government

Harley-Davidson Inc. (HOG) is a motorcycle manufacturer headquartered in Milwaukee, Wisconsin. The company was founded in 1903 by William S. Harley and brothers Walter and Arthur Davidson. In the years since Harley-Davidson has become one of America’s most renowned motorcycle companies. In 2020, Harley-Davidson earned $4.05 billion in revenue for the year, despite a 17% decrease in worldwide retail sales due to

In this article SPCE VSS Unity reaches the edge of space during its third spaceflight on May 22, 2021. Virgin Galactic Virgin Galactic shares jumped in premarket trading on Monday, following the company’s successful spaceflight test on Saturday. The launch represented a critical step forward for the space tourism company, as the test had been

House flipping is a real estate venture that entails purchasing inexpensive homes that often need work, fixing them up, and then selling them for more than you paid. House flipping can be a lucrative business, but it comes with significant financial risk, especially for beginners. In 2020, home flipping profit margins and sales declined, according

In this article PXD SPCX Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Savings and investing app Acorns plans to go public by merging with a blank-check company. The fintech start-up announced a deal Thursday to combine with Pioneer Merger Corp., a publicly traded special purpose acquisition company, or SPAC. The merger values Acorns