Bill Ackman’s Pershing Square USA starts trading well below IPO price

Bill Ackman’s long-awaited push into public markets debuted Wednesday, marking a scaled-back but still ambitious step toward building a Berkshire Hathaway-like investment platform. The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations after marketing a deal that initially targeted between $5 billion and $10…

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Fed holds rates steady amid dissent

An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank. In what may have been Chair Jerome Powell‘s final meeting at the helm, the rate-setting Federal Open Market Committee voted to hold…

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James Comey faces Trump threat seashells indictment

FILE PHOTO: Former FBI Director James Comey testified in front of the Senate Intelligence Committee in the Senate Hart building on Capitol Hill, on Thursday, June 8, 2017. Cheriss May | Nurphoto | Getty Images Former FBI Director James Comey appeared in Alexandria, Virginia, federal court on Wednesday, a day after a two-count indictment charged…

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Watch live: Trump hosts Artemis II astronauts at White House

President Trump will welcome astronauts from NASA’s historic Artemis II moon fly-by mission to the White House on Wednesday afternoon. The four-member crew – Commander Reed Wiseman, Pilot Victor Glover, Mission Specialist Christina Koch and Canadian Mission Specialist Jeremy Hansen – returned to Earth earlier this month after a 10-day mission carrying astronauts… Source link

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