Tag Archives: Bill

By Svea Herbst-Bayliss, Anirban Sen and Arunima Kumar NEW YORK (Reuters) -Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger. The development is a major setback for the prominent hedge fund manager who had initially planned for the SPAC to take a stake in Universal Music Group last year when… Source link

Former New Mexico Gov. Bill Richardson will head to Moscow in the near future to participate in talks to try and secure the release of WNBA star Brittney Griner and former U.S. Marine Paul Whelan, according to ABC News. Richardson is expected to travel to Russia in the next couple of weeks, an anonymous source told ABC News. It’s unclear when that will take place, or who Richardson will meet with specifically when he’s there. “What I can say (and is publicly known) is both the Whelan and… Source link

Bill Gates just won legal approval to buy 2,100 acres of North Dakota farmland worth $13.5M — and people are ‘livid’ about it all across the state Bill Gates made his fortune in tech, but he’s now betting big on something completely different: farmland. Last week, Gates secured the legal approval for purchasing 2,100 acres of farmland from northeastern North Dakota potato growers Campbell Farms. Of course, this isn’t first time Gates has invested in the asset class. Having amassed… Source link

Billionaire hedge fund manager Bill Ackman reiterated recent calls on Twitter Tuesday morning for the Federal Reserve to intervene aggressively to tame inflation. Ackman’s latest tweet comes a day after a key economic report showed U.S. consumers have the most pessimistic economic outlook in nearly a decade. “Consumer confidence is weak because of inflation, not because of the economy. Jobs are plentiful and the economy is strong,” the Pershing Square founder said in a tweet. “The Source link

After a 12-year run, Pinterest co-founder Ben Silbermann is stepping down from his perch as CEO of the popular image and link-sharing service. Following word of Silbermann’s departure, Pinterest’s stock price rose by more than 8% in after-hours trading. That initial pop may have been a sigh of relief from some investors, who’ve watched Pinterest’s stock steadily decline over the last year. Or, perhaps it’s a vote of confidence for Pinterest’s incoming… Source link

Google is arguing that a bill proposed by U.S. Congress has the potential to compromise users’ safety, and damage such products as Search and Maps. Known as the American Innovation and Choice Online Act (AICOA), bill S.2992 contains bipartisan legislation proposed by U.S Senators Amy Klobuchar (D-MN) and Senator Chuck Grassley (R-IA). The intention behind the AICOA is to create a level playing field for businesses to compete online. It targets purported anti-competitive practices, such as… Source link

We are often told we need to save as much as we can over 30 or 40 years of work to carry ourselves through retirement. But once we reach that milestone, how do we ensure those savings won’t run out before we die? It’s a question that challenges even the brightest financial minds. And while the industry has followed what’s known as the “4% rule” for decades now, some argue it’s not the simple solution its proponents believe it to be. Morningstar’s 2022 guide to retirement… Source link

WASHINGTON, May 26 (Reuters) – Republican Senators want to bar U.S. app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, according to a copy of proposed legislation seen by Reuters, amid fears the payment system could allow Beijing to spy on Americans. The bill to be unveiled on Thursday by Senators Tom Cotton, Marco Rubio and Mike Braun states that companies that own or control app stores “shall not carry or support any app in… Source link

Bill Ackman is a billionaire investor and hedge fund manager.Elsa/Getty Images Markets aren’t confident that the Federal Reserve can tame record inflation, Bill Ackman tweeted Tuesday. He predicts that inflation can only come down if the Fed aggressively raises rates, or if stocks crash. “It ends when the Fed puts a line in the sand on inflation and says it will do ‘whatever it takes,'” Ackman said. Bill Ackman, the CEO and founder of Pershing Square Capital Management, said markets are facing a… Source link

The Google division of Alphabet Inc. (GOOGL, GOOG) and the Facebook division of Meta Platforms, Inc. (FB) may be forced to spin off large portions of their online ad businesses, should a new bill pending in the United States Senate eventually become law. The Competition and Transparency in Digital Advertising Act would prohibit companies with more than $20 billion per year in digital ad revenue from running a “digital advertising exchange.” In the first quarter of 2022 alone, Alphabet… Source link