The highly anticipated initial public offering of Pershing Square USA Ltd., led by billionaire investor Bill Ackman, has hit a roadblock. The listing of the U.S. closed-end fund, with the ticker PSUS, has been postponed, leaving investors in suspense. Originally set to raise between $2.5 billion to $4 billion, the fund fell short of its
Disney and Marvel’s “Deadpool & Wolverine” has been met with an overwhelming response, securing an impressive $38.5 million in Thursday previews. The film is on track for a domestic debut exceeding $150 million, setting a new record for the highest opening weekend for an R-rated film in the history of cinema. Anticipation in the Marvel
In a historic move, the luxury empire of LVMH has become the first luxury brand to sponsor the Olympics. Chairman and CEO Bernard Arnault expressed the significance of this partnership during an interview at Dior’s flagship store in Paris. After a year of negotiations, LVMH struck a deal amounting to approximately $160 million, involving brands
Bristol Myers Squibb recently released its second-quarter earnings report, surpassing expectations and raising its full-year guidance. The pharmaceutical company reported a substantial increase in both earnings and revenue, prompting a surge in its stock price. This positive financial performance comes as Bristol Myers implements cost-cutting measures to streamline its operations and focus on key drug
Living in a major city in Asia can be quite expensive, especially in financial hubs like Hong Kong and Singapore. According to data from Numbeo, the monthly rent in Shanghai’s city-center is around $2,700. However, in cities like Hong Kong and Singapore, the cost of living is even higher. A family of four can expect
This week marked a significant moment in the cryptocurrency markets as spot ether exchange-traded funds made their long-awaited debut. With Franklin Templeton leading the pack of nine applicants approved by the Securities and Exchange Commission, the introduction of these ETFs was met with both excitement and uncertainty. David Mann, the head of ETF product and
As Vice President Kamala Harris emerges as the Democratic nominee for president, her stance on affordable housing remains a crucial aspect of her policies. Throughout her career, Harris has been a vocal advocate for affordable housing, pushing for legislation and initiatives to protect homeowners and renters alike. As the former attorney general of California, Harris
In a surprising turn of events, Berkshire Hathaway has been steadily decreasing its investment in Bank of America over the past six trading days. The conglomerate, headed by Warren Buffett, sold off an additional 18.9 million shares of the bank at an average price of $42.46, generating $802.5 million. This brings the total number of
A recent study from the National Institute on Retirement Security revealed that many Americans, especially those who aren’t retired yet, have a limited understanding of their Social Security benefits. Only 11% of respondents claimed to know exactly how much they can expect to receive, while a significant portion expressed uncertainty or complete ignorance regarding their
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter, highlighting the challenges faced by airlines in an oversupplied U.S. market. The airline expects unit revenue to decrease by as much as 2% compared to the previous year, reflecting a trend of discounted ticket prices during what is typically a lucrative