Tag Archives: Bill

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

U.S. Senator Mike Lee (R-UT) speaks during the U.S. Supreme Court nominee Judge Amy Coney Barrett’s confirmation hearing before the Senate Judiciary Committee on Capitol Hill in Washington, D.C., October 13, 2020. Demetrius Freeman | Pool | Reuters A new bipartisan proposal takes aim at Google and would force it to break up its digital advertising business if passed. The Competition and Transparency in Digital Advertising Act was introduced Thursday by a group of key Senators on the Judiciary… Source link

Billionaires like Jeff Bezos and Bill Gates are making big bets on farmland — here are 2 effortless ways you can access it, too Fear is taking over. The S&P 500 is down about 16% of its value in 2022, while the tech-heavy Nasdaq has lost 26% over the same period. Investors are worried about rising interest rates, supply chain issues, and an economic slowdown. Billionaires are nervous, too. But they do have access to an asset class that has a proven track record of wealth protection:… Source link

Investor and political activist Bill Browder (left) and Russian President Vladimir Putin (right)TOLGA AKMEN/AFP via Getty Images (left), Mikhail Svetlov/Getty Images (right) Bill Browder once ran Russia’s largest foreign investment fund — now he’s Putin’s “enemy.” In an interview with The New York Times, he said remaining in Russia is like doing “business in Nazi Germany.” He said all companies have a “moral obligation” to leave Russia, “no matter what the cost is.” Bill Browder — an… Source link