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…
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…
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…
A view shows a logo at NXP semiconductors computer chip fabrication plant in Nijmegen, Netherlands March 14, 2024. Piroschka Van De Wouw | Reuters NXP Semiconductors shares rose 26% Wednesday, on track for its best day ever since the company went public in 2010. The semiconductor manufacturer reported first-quarter earnings Tuesday that blew away Wall…
In the photograph, the defendant was wearing a black dress shirt, black slacks, and what appears to be a red necktie, tucked into his pants. An enhanced version of the image (below right) shows that the defendant also appeared to be wearing a small leather bag consistent in appearance with the ammunition- filled bag later…
Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by another strong quarter for Taco Bell. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.50 adjusted vs. $1.38 expected Revenue: $2.06 billion vs. $2.04 billion expected Yum reported…
Avishek Das | Lightrocket | Getty Images OpenAI revenue chief Denise Dresser said the AI company’s agreement on Tuesday to make its models available on Amazon had nothing to do with an announcement a day earlier that the startup had restructured its relationship with Microsoft for a second time in six months. “The two are…
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Mortgage rates began climbing again last week, and that took a toll on refinance demand. Homebuyers, however, seem finally to be ready for the spring market. Total mortgage application volume fell…
Shares of Meta Platforms are recovering from a bruising stretch earlier this year, when investors shied away from the social media giant’s massive investment in artificial intelligence. Wednesday’s earnings will determine whether that rebound will continue. The stakes are high: Meta is in the midst of one of the most aggressive AI buildouts of all…
Oil tankers and gas tankers were affected by the closure of the Strait of Hormuz, leading to a global energy crisis stemming from the war in the Middle East. Photos For You | Moment | Getty Images Oil prices advanced again on Wednesday as traders balanced the United Arab Emirates’ shock departure from OPEC with…
