Bryan Bedder Pershing Square Capital Management (“PSCM”), the investment firm led by billionaire Bill Ackman, has set the initial offering price of its U.S. closed-end fund at $50 per share, according to an SEC filing dated Friday. The fund, known as Pershing Square USA, plans to charge a management feeContinue Reading
Walgreen’s Boots Alliance (NASDAQ:WBA) shares are set to open lower for a fifth consecutive day as the company’s decision to close a “substantial” number of U.S. stores continues to weigh on the stock. The company was subsequently hit with a wave of price target adjustments, the latest from BofA Securities,Continue Reading
Investing.com– Bitcoin price moved little on Friday, nursing steep losses over the past month as anticipation of a major distribution by defunct exchange Mt Gox kept traders on edge over further price weakness. Sentiment towards broader crypto markets was also on edge before a key U.S. inflation reading due onContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures climbed more than 1% Thursday as rising worries over geopolitical risk and expectations of tightness in Q3 outweighed a surprise increase in U.S. crude and gasoline inventories. Cross-border tensions between Israel and Hezbollah in Lebanon have been escalating, fanning fears of a wideningContinue Reading
Sundry Photography Arista Networks (NYSE:ANET) was in focus on Thursday as Citi upped its price target, citing a rising opportunity in artificial intelligence. Shares rose fractionally in premarket trading Though InfiniBand is thought to take the majority of the AI networking market, Ethernet is clearly gaining share as well andContinue Reading
U.Today – , the world’s leading cryptocurrency, has stalled in price performance, falling short of the broader ecosystem’s expectations following the halving event. Although the Bitcoin halving was not a guarantee of a price surge, the digital asset is yet to soar and break certain critical price levels or hitContinue Reading
Sunshine Seeds/iStock via Getty Images Sibanye Stillwater (NYSE:SBSW) would be forced to shutter its Montana palladium mine if prices fail to rebound soon, CEO Neal Froneman said Wednesday, according to Bloomberg. “The future of Stillwater remains in the balance,” the CEO said when asked at a London conference about theContinue Reading
JL Images/iStock Editorial via Getty Images The Starlink Mini (STRLK) satellite internet service will be available later this year and be priced at half the standard terminal price, Elon Musk said on Wednesday. Musk posted the statement on his social media platform X. His space exploration company SpaceX (SPACE) isContinue Reading
BTIG has raised its price target for crypto miner Core Scientific Inc (NASDAQ:) to $15 from $10, citing new data center contracts and growth potential in the mining sector. BTIG’s BTC mining basket, comprising 14 companies, has an aggregate hash rate of about 138 EH, which represents 23% of theContinue Reading
U.Today – Although the price of has managed to climb back above the $60,000 mark, it continues to hover near a key support level, testing the nerves of crypto enthusiasts and traders alike. After several days of massive price action, culminating in yesterday’s rebound and the long-awaited greening of quotes,Continue Reading
