By Svea Herbst-Bayliss (Reuters) – Bill Ackman said his new U.S. listed fund, Pershing Square USA, will be dramatically smaller than the $25 billion people initially said he could raise, citing investors’ general nervousness about the structure and how to invest the cash. Ackman told investors this week there will be a “hard cap on…
By Promit Mukherjee and Fergal Smith OTTAWA (Reuters) – The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest rate cuts in the coming months, analysts say. The Canadian central bank lowered its benchmark rate for a second straight month on Wednesday, cutting…
By Pritam Biswas and Echo Wang (Reuters) -Cold storage real estate investment trust Lineage’s shares gained 5% in their Nasdaq debut on Thursday, signaling investor enthusiasm for the year’s biggest public offering so far. Investors have showed renewed interest for fresh listings in 2024 on hopes of a soft landing for the economy, after the…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by turbulence in giant tech stocks. The index – in which about 70% of the companies represented are tech – has slipped 7% from its July…
