The initial public offering of Mr. Ackman’s new fund, Pershing Square USA, raised $5 billion.
Category: Stocks and Bonds
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U.S. Gas Prices Climb Further as Effects of War Reverberate
The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
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Oil Prices Jump Again as U.S.-Iran Talks Appear Deadlocked
Investors parsed reports that President Trump told advisers that he was not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz.
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Muted Reaction as Oil and Stock Markets Reopen
Oil prices rose and stocks fell after President Trump called off a trip to Pakistan by two U.S. negotiators for peace talks with Iran.
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Ignoring the War Has Been Working for Long-Term Investors
The U.S. stock market’s quick rebound this month may be fragile, but riding out the market’s disconcerting waves has been a sound strategy.
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Oil Prices Climb as Cease-Fire Uncertainty Deepens
Investors wrestled with uncertainty about the cease-fire between the United States and Iran.
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Oil Prices Creep Up as Investors Weigh Cease-Fire Extension
Oil prices stablized as investors scrambled to make sense of President Trump’s decision to extend the cease-fire with Iran
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Oil Prices Recede and Stocks Gain as Investors Eye Peace Talks
Oil prices pulled back and stocks inched higher as investors looked to the possibility of a second round of peace talks between the United States and Iran.
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Oil Prices Jumped and Stock Futures Fell on Renewed Iran Conflict
Traders, hopeful on Friday that a peace deal was near, were digesting the developments over the weekend.
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Sazerac Prepares $15 Billion Cash Offer for Maker of Jack Daniel’s
The Kentucky spirits company’s bid for Brown-Forman comes as the industry is being buffeted by a decline in alcohol consumption.