Bill Ackman, CEO of Pershing Square Capital Management, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023.Adam Jeffery | CNBCHedge fund manager Bill Ackman is looking to raise $2 billion in the initial public offering of Pershing Square USA, with 40 million shares priced at...
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Here’s everything you need to know about the Fed decision coming Wednesday
US Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024. Chris Kleponis | AFP | Getty ImagesThis week's Federal Reserve meeting is not much about the...
Euro zone’s economy grew 0.3% in second quarter, above expectations despite German contraction
The lights of Frankfurt am Main's banking skyline glow in the last light of day.Boris Roessler | Picture Alliance | Getty ImagesThe euro zone's economy grew by more than expected in the second quarter of 2024, flash figures from the European Union's statistics office showed Tuesday.The zone's gross domestic product...
McDonald’s executives admit diners think prices are too high, say they’re working to create value
A McDonald's Big Mac in Bangkok, Thailand, on June 8, 2024.Lauren Decicca | Getty ImagesMcDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation.During the company's second-quarter earnings call Monday, executives said they are taking a "forensic approach" to...
Sales of $100 million homes set to double this year as trophy properties recover
A view of the Central Park Tower at 217 West 57th St. in New York City.Source: Cody Boone, SERHANT StudiosA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight...