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Financial Services
Bill Ackman’s IPO of Pershing Square closed-end fund is postponed, NYSE says
Bill Ackman is postponing the highly scrutinized listing of Pershing Square's U.S. closed-end fund, according to a notice on the NYSE's website.Read More...
Why the new spot ether ETFs may ‘be a hit’ despite recent weakness
It's a historic week for the cryptocurrency markets with spot ether exchange-traded funds making their debut.Read More...
Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale
Warren Buffett's holding company sold more Bank of America shares this week, reducing its holding across six consecutive trading days.Read More...
China to use ultra-long bonds for consumer, trade-in policy support as worries about retail sales slump grow
China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the pandemic.Read More...
Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays
A U.K. Treasury department spokesperson said the government will set out plans to regulate "buy now, pay later" plans "shortly."Read More...
Chinese EV startups are spending more on research than Tesla is
U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis.Read More...
Job seekers are sour on the cooling labor market
Confidence among job seekers is at a two-year low. While the labor market remains strong, there may be trouble if it continues to cool, economists said.Read More...
Here’s why you may get a smaller pay raise next year
Companies expect the typical worker's annual pay increase to shrink from 4.5% to 4.1% for 2025, according to a poll.Read More...
Personal Finance
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